Providence Gold Announces Non-Brokered Private Placement of up to $ 600,000 Closing first tranche of $200,000

VANCOUVER – June 29, 2021, Providence Gold Mining Inc. (“Providence” or the “Company”) (TSXV: Phd) is pleased to announce a non-brokered private placement offering (the “Private Placement”) of up to 8,571,500 common shares of the Company at a price of $0.07 per common share to raise gross proceeds of up to $600,000. The Company is pleased to announce it is closing the first tranche in the amount of $200,000 for an aggregate amount of 2,857,143 common shares.

Certain insiders of the Company are participating in the amount of $162,000 to acquire 2,314,286 common shares under the Private Placement Net proceeds from the Private Placement will be primarily used towards advancing the Company’s Providence Gold Project located nearby the city of Sonora California and for general working capital purposes. 

The Company is planning to begin opening up three new discoveries starting the second week of July, and as such,  the private placement will be closed before this planned work commences.

Finders’ fees may be payable in connection with the Offering and those qualified persons involved as finders will receive a cash fee of up to 6% cash and 6% brokers warrants of the proceeds raised.

Closing of the Private Placement is subject to all necessary regulatory approvals including acceptance from the TSX Venture Exchange. All securities issued in connection with the Private Placement will be subject to a four-month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada. 

About Providence Gold Mines Inc.

Providence Gold Mining Inc. is an advanced-stage gold mine exploration and development company holding an option to purchase 100% interest in the Providence Group of Gold mines near the City of Sonora California.

For more information, please contact Ronald Coombes, President and CEO of the Company.

Click HERE To Watch “Drilling at the Providence Gold stockpile” Video

ON BEHALF OF THE BOARD 

“Ronald Coombes” 

Ronald A. Coombes, President & CEO 

Office: (604) 688-8200

Email: info@providencegold.com

LIKE & FOLLOW @providencegoldmines on InstagramFacebookTikTokYoutubeLinkedIn

Stay Tuned!

www.ProvidenceGold.com

On behalf of Providence Gold Mining Inc.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements relating to the permitting process, future production of Providence Gold Mines, budget and timing estimates, the Company’s working capital and financing opportunities and statements regarding the exploration and mineralization potential of the Company’s properties, are forward-looking statements. Forward- looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward- looking statements. Important factors that could cause actual results to differ materially from Providence Gold Mines expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Providence Gold Mines does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward- looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Providence Gold Discovery Targets Update

VANCOUVER – June 22, 2021. Providence Gold Mines Inc. (“Providence” or the “Company”) (TSXV: PHD) further to the recent press release dated, June 7, 2021 the Company is pleased to announce that a “Spidex” excavator contractor has been commissioned to be onsite July 10, 2021. The purpose of the program is to trench and sample the recently announced gold discoveries on its Providence Gold Property located nearby the city of Sonora, California.

Surface reconnaissance at the location of a previously reported circular, (and approximately 4 metres in diameter), gold-in-soil anomaly confirms the discovery of a localized coincident sericitic alteration bloom which appears to be associated to a prominent cross-fault. This surface exploration gold target appears to be situated north of, and in the footwall of the Fairplay Lode, which hosts the Providence North and South Ore shoots. 

Ronald Coombes, President and CEO states, “The historical Providence group of high-grade gold mines continues to produce potentially significant new gold targets. The Company is excited to trench these new surface gold targets. Without today’s technological advantages, like the old timers, we would have walked right over these zones without taking a second look, as there is no evidence of outcrop. It is exciting having not only the potential further development of the historical gold mines, but to as well potential for new deposits right from surface. The Providence Group of Gold Mines is truly a very promising gold property”.

Trenching of two others recently discovered separate barren sericitic alteration blooms is also planned. These two zones potentially represent new exploration targets. Typically, these intense barren sericitic alteration blooms constitute high-confidence exploration targets at Mother Lode Belt mine properties.

Qualified Person:

David Turner, P.Geo. is the Company’s qualified person (as defined under NI 43-101) and has read and approved the technical information contained in this news release.

ON BEHALF OF THE BOARD 

“Ronald Coombes” 

Ronald A. Coombes, President & CEO 

Office: (604) 688-8200

Email: info@providencegold.com

LIKE & FOLLOW @providencegoldmines on InstagramFacebookTikTokYoutubeLinkedIn. Stay Tuned!

www.ProvidenceGold.com

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements relating to the permitting process, future production of Providence Gold Mines, budget and timing estimates, the Company’s working capital and financing opportunities and statements regarding the exploration and mineralization potential of the Company’s properties, are forward-looking statements. Forward- looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward- looking statements. Important factors that could cause actual results to differ materially from Providence Gold Mines expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Providence Gold Mines does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward- looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

TSXV: PHD Gold Discovery Target Confirmed

VANCOUVER – June 7, 2021. Providence Gold Mines Inc. (“Providence” or the “Company”) (TSXV: PHD) is pleased to update on its field exploration program during the past several weeks which was designed to evaluate both a stockpile milling site and further conduct property wide field exploration. Mark Payne, P.Geo and David Turner, P.Geo verified the discovery of an additional gold occurrence.

Mark Payne P.Geo states, “Surface reconnaissance at the location of a previously reported circular gold-in-soil anomaly confirms the discovery of a localized coincident sericitic alteration bloom and there appears to be an association to a prominent cross-fault. This surface exploration gold target appears to be situated north of, and in the footwall of the Fairplay Lode, which hosted the Providence North and South Ore shoots. This discovery target shows good potential and is planned be tested in the near future by trenching with a “Spydex” excavator and core drilling from existing roads“.

At the Bonita Mine, located at the northern end of the property, disclosed the presence of two separate barren sericitic alteration blooms which represent two new exploration targets in that area. Further reconnaissance in the Bonita area is warranted. Typically, intense barren sericitic alteration blooms constitute high-confidence exploration targets at Mother Lode Belt mine properties.

Further surface reconnaissance in underground examination of the 600-ft Level developments provided an opportunity to examine the structural controls for the historic ore shoots and the visual common denominators characterizing the historic mined high-grade gold mineralization.

Examination of the geology in the Consuela Cross-Cut on the 600 Level disclosed the potential for a bulk-tonnage exploration gold target situated north of the cross-cut and west of the historic McCarthy North and South Ore shoots, localized adjacent to a prominent cross-fault.

A pervasively sericitic altered dioritic intrusive is cut by a pervasive, stacked tensional array of quartz fracture fillings which may constitute an excellent bulk-tonnage target in closer proximity to the prominent cross-fault. This cross-fault separated the historic McCarthy North and South Ore shoots”.

Surface outcrop of the Bonita Lode structure showed a 1.5-meter-wide zone of strongly-deformed, sericite + carbonate + pyrite schist cut by semi-conformable quartz stringers up to 6cm thick. The lode is bounded by strong planar fault walls and the lode filling is cut by additional intra-vein fault planes.

Qualified Person:

David Turner P.Geo. is the Company’s qualified person (as defined under NI 43-101 and has read and approved the technical information contained in this news release.

ON BEHALF OF THE BOARD

“Ronald Coombes”

Ronald A. Coombes, President & CEO

Office: (604) 688-8200

Email: info@providencegold.com

LIKE & FOLLOW @providencegoldmines on InstagramFacebookTikTokYoutubeLinkedIn.

Stay Tuned!

www.ProvidenceGold.com

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements relating to the permitting process, future production of Providence Gold Mines, budget and timing estimates, the Company’s working capital and financing opportunities and statements regarding the exploration and mineralization potential of the Company’s properties, are forward-looking statements. Forward- looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward- looking statements. Important factors that could cause actual results to differ materially from Providence Gold Mines expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Providence Gold Mines does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward- looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

Providence Gold Update

Providence Gold Mines “the Company”, is pleased to update on its continued progress since April 27, 2021 where the Company reported successful results of the bulk sampling and processing test work of its first of several gold bearing stockpiles of material within the Providence Group of Gold Mines. 

The Company’s Qualified Geologists arrived on the Providence property on Monday to further sample potential extensions of the first stockpile and examine and sample the numerous other potential stockpiles of material within the property.

Big Rock Consulting has informed the Company that they have sourced available mills for consideration and a full evaluation is now underway.

Whilst on the property further evaluation of the modeled hard rock targets identified and developed from the six hundred (600) level to surface using state of the art 3D LIDAR technology for survey and surface mapping, grid sampling and a surface core drill hole program designed to understand the orientation of the strike and dip of the main vein structures.

The above program resulted in the commission of a high-resolution airborne survey of the entire property. The interpretation of all this data enabled the production of an accurate model to drill both beneath and between the known deposits from the existing road network. The current exploration program is focused on delineating prospective new targets between these known mineralized structures for diamond drill testing.  

Qualified Person:

David Turner P.Geo. is the Company’s qualified person (as defined under NI 43-101 and has read and approved the technical information contained in this news release}.

ON BEHALF OF THE BOARD 

“Ronald Coombes” 

Ronald A. Coombes, President & CEO 

Office: (604) 688-8200

Email: info@providencegold.com

LIKE & FOLLOW @providencegoldmines on InstagramFacebookTwitterTikTokYoutubeLinkedIn. Stay Tuned!

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements relating to the permitting process, future production of Providence Gold Mines, budget and timing estimates, the Company’s working capital and financing opportunities and statements regarding the exploration and mineralization potential of the Company’s properties, are forward-looking statements. Forward- looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward- looking statements. Important factors that could cause actual results to differ materially from Providence Gold Mines expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Providence Gold Mines does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward- looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Anticipated Gold Values Found in Stockpile Bulk Sampling Analysis

Providence Gold Mines “the Company” is pleased to report success on its bulk sampling and processing test work of the first of several stockpiles. The first stockpile remains open in size and is just one of several historical, (pre-1916), stockpiles within the Providence property which is located near the city of Sonora in California.

As previously reported in the News Release dated February 24th, 2021, the Company commissioned FLSmidth to conduct standardized extended gravity recovery gold (EGRG) processing test work. This included two stages of progressive comminution and three stages of progressive gravity concentration using Knelson concentrators. Two composite batches utilizing 22 kg of material were produced using coarse assay rejects (-2 mm crush) from the 2019 sampling program.

The higher grade composite yielded a calculated head grade of 13.7 g/t Au. After simple crushing to -2 mm (P80 of 836 um), 49.7% of the gold was liberated and recoverable, and after second stage grinding to a P80 of 88 um 77.4% of the gold was liberated and recoverable.

The medium grade composite yielded a calculated head grade of 1.47 g/t Au. After simple crushing to -2 mm (P80 of 917 um), 35.9% of the gold was liberated and recoverable, and after second stage grinding to a P80 of 90 um 61.6% of the gold was liberated and recoverable.

Gold grain size classification determined that the recovered gold particles in the historical stockpile still classify as coarse to very coarse.

The Company has now commissioned sourcing of equipment to Big Rock Consulting Inc. head office located in Kelowna, British Columbia. Big Rock specializes in the mining industry, with decades of experience in design, crushing, grinding and all aspects of milling.

Lee Groat Ph.D. P. Geo and Q.P. states, “the bulk sampling results demonstrate that the gold within the stockpile material is easily recoverable. Although the stockpile is non-compliant as a NI 43-101 resource, progress to move forward with independent process plant design work and optimization for re-milling and re-processing of this historical stockpile of material is warranted and underway.”

Qualified Person:

Dr. Lee Groat Ph.D., P.Geo. is the Company’s qualified person (as defined under NI 43-101 and has read and approved the technical information contained in this news release}.

 

ON BEHALF OF THE BOARD

“Ronald Coombes”

Ronald A. Coombes, President & CEO

Office: (604) 688-8200

Email: info@providencegold.com

LIKE & FOLLOW @providencegoldmines on Instagram, Facebook, Twitter, TikTok, Youtube, LinkedIn. Stay Tuned!

 

www.ProvidenceGold.com

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements relating to the permitting process, future production of Providence Gold Mines, budget and timing estimates, the Company’s working capital and financing opportunities and statements regarding the exploration and mineralization potential of the Company’s properties, are forward-looking statements. Forward- looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward- looking statements. Important factors that could cause actual results to differ materially from Providence Gold Mines expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Providence Gold Mines does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward- looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

Providence Gold Announces Zoom Meeting with Investors, March 10th at 10:30am PST

Providence Gold Mines “the Company” Providence Gold Mines “the Company” is pleased to announce that all investors are invited to attend our meeting on Zoom this upcoming Wednesday March 10th, 2021 at 1030am PST.

During the past two years the Company has advanced this exciting high-grade group of historical gold deposits. The Company’s ongoing comprehensive exploration efforts has identified a potential multi- million ounces target. Our Team looks forward to sharing our ongoing successful progress.

To receive the invitation please forward your name and email to: ProvidenceGoldMinesMedia@gmail.com

ON BEHALF OF THE BOARD

“Ronald Coombes”
Ronald A. Coombes, President & CEO
Office: (604) 688-8200
Email: info@providencegold.com

Lana Shahar
Executive of Marketing Advertising & Digital Communications Liaison
ProvidenceGoldMinesMedia@gmail.com

LIKE & FOLLOW @providencegoldmines on Instagram, Facebook, TikTok, Youtube, LinkedIn.

Stay Tuned!

www.ProvidenceGold.com

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements relating to the permitting process, future production of Providence Gold Mines, budget and timing estimates, the Company’s working capital and financing opportunities and statements regarding the exploration and mineralization potential of the Company’s properties, are forward-looking statements. Forward- looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward- looking statements. Important factors that could cause actual results to differ materially from Providence Gold Mines expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Providence Gold Mines does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward- looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

Providence Gold Bulk Sample & Stockpile Modeling Update

Providence Gold Mines “the Company” is pleased to report further on the ongoing evaluation of one of several stockpiles of material containing free gold on the Company’s Providence Group of Gold Mines located near the city of Sonora, California.

The Company has now completed a conservative volume estimate using trenching, ground percussion drilling and airborne survey imagery of the stockpile area. The first of numerous historical stockpiles contains approximately >25,000 cubic yards, which consists primarily of historical stamp mill tailings material.

The Company has received confirmation of shipment of several tons of material to FLSmidth Minerals Testing and Research Center of Salt Lake City, UT. This bulk sample test work will determine the distribution of gold in the various size fractions and so as to better understand how much of the contained gold is present as unrecovered fine gold in stamp-milled material versus discarded gold-bearing coarser material. The test work will also evaluate recoveries of this gold at several size fraction cut offs, and when completed will provide design constraints for a portable milling and gold processing plant. Test work and full reporting is expected before end of March.

Weighted and arithmetic gold grade averages for trenching and percussion drilling were considered, however, due to poor and variable sample material recovery of gold from this air recovery drilling method the bulk sample test work now underway will provide a much better representation of grade and recovery.

Upcoming ground field campaigns will aim to better delineate the extension of the first stockpile and evaluate the potential for other nearby stockpile locations within the patented tenure. This is expected to improve on the limits defined through air-photo analysis into the ravines and under canopy, where conservative approaches were taken for the current calculations. Cost-benefit trade-offs for other methods continue to be evaluated to increase confidence in the volume calculations (e.g., sonic drilling, ground penetrating radar). The field work will also include prospecting and reconnaissance work to further define future diamond drilling.

 

Qualified Person:

Dr. Lee Groat Ph.D., P.Geo. is the Company’s qualified person (as defined under NI 43-101 and has read and approved the technical information contained in this news release.

 

ON BEHALF OF THE BOARD 

“Ronald Coombes” 

Ronald Coombes, President & CEO 

FOR FURTHER INFORMATION PLEASE CONTACT:  Ronald Coombes

Office: (604) 688-8200

Email: info@providencegold.com

 

LIKE & FOLLOW Providence Gold Mines on InstagramFacebookTwitter, TikTokYoutubeLinkedIn

Stay Tuned!

www.ProvidenceGold.com

 

 

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements relating to the permitting process, future production of Providence Gold Mines, budget and timing estimates, the Company’s working capital and financing opportunities and statements regarding the exploration and mineralization potential of the Company’s properties, are forward-looking statements. Forward- looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward- looking statements. Important factors that could cause actual results to differ materially from Providence Gold Mines expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Providence Gold Mines does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward- looking statements.

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

Providence Gold Bulk Sample of Historical Stockpile Update

                                                                                                                     

Providence Gold Mines “the Company” is pleased to report that David Turner P.Geo together with  Lee Groat Ph.D. P.Geo the Company’s Qualified Person, are reviewing a proposal from a leading US Metallurgical Laboratory to conduct bulk sample gravity testing of the stockpile material in the form of an extended gravity recoverable gold (E-GRG) at FLSmidth Minerals Testing and Research Center of Salt Lake City, UT. 

The bulk sample test work is designed to determine the amount of free gold in the material. The Company has been informed that the lab testing can commence begin March 1st, 2021 and estimated results within 4 weeks. 

The Company recently concluded a percussion drill program to determine the depth profile of the stockpile assays and to demonstrate the presence of gold and not the true representation of values. The Company believes the surface trenching program which returned significant gold values reported in NR of November 5th, 2019 are representative of the stockpile of material. 

 

 

The bulk sample material has been collected from the stockpile is now on transit to Utah.

The Company has commissioned and is awaiting a 3D model of the stockpile of material.

The Company continues with the opinion that the material represents most of the historically milled material of the Providence mine production of over 200,000 ounces of gold and that historical mining recovery methods in 1916 were poor when compared to todays mining practice.

 

Qualified Person:

Lee Groat Ph.D. P.Geo is the Company’s qualified person (as defined under NI 43-101 and has read and approved the technical information contained in this news release.

 

Click HERE To Watch “Drilling at the Providence Gold stockpile” Video

 

ON BEHALF OF THE BOARD 

“Ronald Coombes” 

Ronald A. Coombes, President & CEO 

 

FOR FURTHER INFORMATION PLEASE CONTACT:  

Office: (604) 688-8200

Email: info@providencegold.com 

 

LIKE & FOLLOW Providence Gold Mines on

Instagram, Facebook, Twitter, TikTok, Youtube, LinkedIn

 

www.ProvidenceGold.com

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements relating to the permitting process, future production of Providence Gold Mines, budget and timing estimates, the Company’s working capital and financing opportunities and statements regarding the exploration and mineralization potential of the Company’s properties, are forward-looking statements. Forward- looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward- looking statements. Important factors that could cause actual results to differ materially from Providence Gold Mines expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Providence Gold Mines does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward- looking statements.

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

Providence Announces Grant of Options

Providence Gold Mines Inc. (the “Company”) wishes to announce the grant, subject to regulatory approvals, of incentive stock options to purchase, in aggregate, 475,000 shares of its common stock. The options have been granted to directors, officers and employees of the Company and are granted under the Company’s stock option plan and are exercisable at a price of $0.12 for a period of three years.

ON BEHALF OF THE BOARD
“Ronald Coombes”
Ronald Coombes, President & CEO
Mobile: 1- 604- 724-2369
rcoombesresources@gmail.com

www.ProvidenceGold.com

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements relating to the permitting process, future production of Providence Gold Mines, budget and timing estimates, the Company’s working capital and financing opportunities and statements regarding the exploration and mineralization potential of the Company’s properties, are forward-looking statements. Forward- looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward- looking statements. Important factors that could cause actual results to differ materially from Providence Gold Mines expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Providence Gold Mines does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward- looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release