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Bullboard - Stock Discussion Forum 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... see more

TSXV:PHD - Post Discussion

Providence Gold Mines Inc > Sedar filings very ENCOURAGING,, 2019, EZ GOLD !!
View:
Post by mram on Nov 22, 2020 6:37pm

Sedar filings very ENCOURAGING,, 2019, EZ GOLD !!

Q32019HighlightsDiscovery and Assessment of Stockpiles. InJuly 2019, the Company announced the discovery and sampling of astockpile at a depth of 0.5 metre on a grid, with sampling stations approximately every three metres. Initial assay results were very encouragingwith the highest assay returning 18.7 g/t gold-the Company is now confident that historically mined and milled material has not been reprocessed, and that the stockpile represents a significant potential cash flow opportunity for the project --especially given the current rising price of gold.Several additional stockpiles remain to be teste
Drill hole PM19-05 and the surrounding area was excavated at surface to expose the vein which was then systematically chip sampled by continuous channel samples along strike for 7.5 metres. The assay results were very encouraging, as follows:Sample #TypeFrom (m)To (m)Wgt (Kg)Au (g/t)2981458Qtz vein PM19-050.000.503.701.1152981459Qtz vein PM19-050.501.002.0217.402981460Qtz vein PM19-051.001.505.440.4842981462Qtz vein PM19-051.502.002.731.1292981463Qtz vein PM19-052.002.504.400.6122981464Qtz vein PM19-052.503.003.500.3222981466Qtz vein PM19-053.003.505.681.3322981467Qtz vein PM19-053.504.003.580.8112981468Qtz vein PM19-054.004.503.030.4672981469Qtz vein PM19-054.505.004.935.0612981470Qtz vein PM19-055.005.504.341.8182981471Qtz vein PM19-055.506.007.514.5572981472Qtz vein PM19-056.006.505.902.1832981473Qtz vein PM19-056.507.003.610.6652981474Qtz vein PM19-057.007.505.431.509Planning is now under way to excavate the thin layer of overburden and examine the exposure to determine the true thickness of the zone.Further drilling of the zone is now planned as part of the upcoming 2,900-metre drill program
Comment by FireOutraged on Nov 22, 2020 9:20pm
You need to read the small print in te M&A, PHD acknowledged that the samples with high amount of gold most likely got contaminated. As for the numbers, you have to do a statistical analysis with the weighted values to get a good sample gram/ton average value. The 18.7g/t is from a smaller sample where they most likely by chance hit a piece of purge gold. Unfortunately we are talking about ...more  
Comment by catman24 on Nov 22, 2020 9:34pm
This post has been removed in accordance with Community Policy
Comment by FireOutraged on Nov 22, 2020 11:25pm
I would hope you wanted to say english. Either way what common sense do you refer too? The one where a couple of germans try to hype PHD for at least the last 3 years? The one where some bring up that one lonly news article of the last century? Common sense has nothing to do with due dilligence but google and sedar do. Google the involved companies now and in the past, do the same for the personel ...more  
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