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Providence Gold Mines Inc V.PHD

Alternate Symbol(s):  PRRVF

Providence Gold Mines Inc. is a Canada-based mineral exploration company. The Company is engaged in the process of exploring and evaluating its mineral property located in California, United States. It owns 100% interest in Tuolumne Property. The Company’s gold mines consist of seven patented stake mineral claims and 22 located claims, encompassing an area of approximately 324 acres, which includes Bonita, Consuelo, FairPlay, Good Enough, McCarthy, Mexican, and Providence. The Providence Group of Mines is located in the Summerville Mining District, Tuolumne County, California, upon the eastern belt of the Mother Lode District. Its subsidiary is Providence Gold Mines (US) Inc.


TSXV:PHD - Post by User

Providence Gold Mines Inc > Accuracy of a bulk sample - is actually the point
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Comment by givemeabreak1on Nov 26, 2021 11:50pm
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Post# 34171659

RE:RE:RE:RE:RE:RE:RE:RE:Accuracy of a bulk sample - is actually the point

RE:RE:RE:RE:RE:RE:RE:RE:Accuracy of a bulk sample - is actually the pointRightAngle
A buyout of what?  They do not own anything!   They have the rights to 50% if they meet the drilling and exploration covenants.  If I recall correctly they have been short and paying penalties in lieu of.  After that they need to pay 5 million for the rest lol.  I am not sure who is going to pay 5 million or want to buy out 50% of what amounts to nothing so far.  

I suspect they will continue on as is for a bit yet!  Try a financing at .05 to take one more kick at the cat with a small drill program!

Just my thoughts!
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