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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

Post by 2021Gambleon Apr 07, 2022 7:20pm
165 Views
Post# 34586285

"technically" still the first time it's been drilled

"technically" still the first time it's been drilled

Update on Phase I Drill Program


SECOND from the above press release:

Recently, a brief examination of the historical stockpile a sample bearing visible gold was discovered. The Company intends to conduct a comprehensive testing program of the stockpile using an excavator. A set of exploration pits will be excavated and representative samples will be collected for gold analysis and measuring specific gravity. At this time, the potential quantity of the stockpile material is conceptual in nature but an accurate determination of the location, volume and tonnage of the stockpile will result in the target being delineated as a mineral resource.


I found the above highlighted area to be particularly interesting.... Nothwithstanding the disagreement  'The Kozmo' and I have in our calculations of the stockpile gold values, and how much is nugget effect , what the recovery values are etc. etc. ....the bulk sample has been done, and assays completed, the recovery values determined - even if we don't have all the details ourselves to accurately use that information (as there was more than a bit not press released leaving us to argue about assumptions)....yes....'The Kozmo' and I argue about assumptions alot,

LETS MINERAL RESOURCE THE STOCKPILE RON

You said right here it ..."will result"...we have much more than conceptual.  we have perimiter, we've drilled to determine depth, we've bulk assayed giving us volume / tonnage ratio, and the recovery expectations....

Not may

Not likely

But "will result"

So Ron - EXECUTE on what you say you are going to do (maybe the financing will be easier)

Cheers folks

 

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