Providence Announces STOCKPILE GOLD RESULTS up to 165 g/t Au

Vancouver, B.C., January 25th, 2021 – Providence Gold Mines Inc. (TSX.V: PHD) (USOTC: PRRVF) (7RH1 “GR- FRANKFURT”) (“Providence Gold Minesor the “Company”) is pleased to report stockpile percussion drilling assay results of up to 165 g/t Au. 

Drilling results has verified that the stockpile contains a significant nugget effect along with lower grading material. Metallurgy is now planned to determine the best design for gold recovery.

This is further to the news release of November 5, 2019 where assay results of up to 253.6 g/t were announced from hand trenching of the Providence mine stockpile located in Tuolumne County, California.

Dr. Lee Groat Ph.D. states “These results and the previously reported assay results of November 5th, July 19 and September 4, 2019 advances the support of the stockpile, and as well, verifies the high-grade nature of the mineralization historically reported.”

Percussion drilling is a hammer drill that uses compressed air from down the hole to blow the hammered material to surface it is known for poor gold recovery, however, it was considered the most effective method of drilling the stockpile material.

The stockpile samples were tested by Bureau Veritas Minerals of Sparks Nevada, using 30 gm lead collection fire assay fusion for total sample digestion with AA finish. All Au>10 ppm is automatically analyzed by gravimetric method.

The processed percussion drill material was collected by Brian Ray PGeo under the supervision of Dr. Lee Groat Ph.D the Company’s Qualified Person. The material sampled was pulverised to a fine dust size and blown to surface. Each sample taken was approximately 1.5 meters in length. Results from the sampling program are reported as follows:

Assay Results:

The Company believes that the trenching samples taken by hand previously in 2019 represent an enhancement in accuracy assay representation from that of those produced utilising the Percussion drilling technique.

Previously reported Assay Results 2019:

Modeling of the stockpile is now underway as well as planned metallurgical studies.

Qualified Person:

Dr. Lee Groat Ph.D and Professor of Earth Science at UBC 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
Office: (604) 688-8200
Email: info@providencegold.com

LIKE & FOLLOW Providence Gold Mines 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 Update

Providence Gold Mines “the Company” is pleased to announce effective immediately the appointment of Mr. Kevin Nishi as a Director. “Kevin is a Chartered Professional Accountant and holds a Bachelor of Business Administration degree from Simon Fraser University. He has held several director positions with exploration stage mining companies. Mr. Nishi is a partner with Smythe LLP working with several public companies listed on the TSX and TSX Venture exchanges in Canada and in the United States.”

Ron Coombes states, “The Company’s audit committee welcomes and looks forward to working with Kevin his wealth of professional accounting experience will greatly enhance our independent audit committee.”

In addition to the above, the Company has now received receipt of the percussion drilling stockpile assays. The Company’s Qualified Person is now reviewing the successful results, and the Company awaits to provide its shareholders with a further news release shortly.    

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 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 Update

Providence Gold Mines “the Company” is pleased to report the appointment of Mr. Mark Payne P.Geo. as our lead Geologist. Mr. Payne has decades of experience in the Motherlode Gold Belt. Mr Payne is a Professional Geologist (P.Geo. #7067) registered with the State of California, specializing in evaluation of lode gold deposits of the prolific California gold belts and their extensions into Baja Mexico. His professional experience spans 42 years, with 36 year’s of operating as an independent geological consultant.

Mr. Payne has unsurpassed experience exploring, delineating, and estimating resources in complex gold-quartz vein systems for numerous public and private junior companies. He has been involved individually and with teams in the discovery of significant high-grade ore-shoots and delineation of over 2.5 million ounces of gold mineralization in northern California, northern Nevada, and Utah. He has provided geological consulting services for Providence Gold Mines Inc. from November 2020 to the present.

With the current US cross border issues the Company announces the resignation of Mr. Brian Ray P.Geo as a Director and QP effective immediately. We very much appreciate Brian’s decision which allows the Company to move forward with Mr. Payne P.Geo., a US citizen. Mr. Payne has a wealth of Motherlode expertise and lives nearby in town of Grass Valley California. The Company’s senior exploration adviser Mr. Lee Groat Professor of Earth Sciences at University of British Columbia looks forward to working with Mr. Payne.

In addition to the above, the Company is pleased to announce the appointment of Ms. Lana Shahar to the position of Executive of Marketing Advertising and Digital Communications Liaison effective immediately. Ms. Shahar’s attributes include experience in marketing and advertising and her welcome attributes will assist both our shareholders as well as the general public of our ongoing digital updates.   

Ron Coombes states, “We are extremely pleased to report the stockpile assays are pending and expected the first week of January, 2021 and Wish All Happy Holidays & a Healthy, Prosperous New Year!

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

ON BEHALF OF THE BOARD

“Ronald A. Coombes”

Ronald A. Coombes, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:  Ronald Coombes

Office: (604) 688-8200

Email: info@providencegold.com

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

Stay Tuned!

www.ProvidenceGold.com

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 Provides AGM Details

Vancouver, British Columbia: Providence Gold Mines Inc. (TSXV: PHD) (the “Company” or “Providence Gold”) provides an update regarding its Annual General Meeting scheduled for December 18, 2020 at 9:00am (the “AGM”).

The Company will be holding the AGM at its offices as noted in the Notice of Annual General Meeting issued April 27, 2020 and posted on www.sedar.com.  However, the Company strongly recommends that shareholders vote by Proxy or VIF, in advance.  Shareholders can attend the AGM virtually.  For those shareholders who would like to attend virtually, please contact the Company’s office for the dial-in particulars.

The Company will not be putting forward for consideration by shareholders, item 5 on the AGM proxy document related to “For disinterested shareholders, to ratify and approve ancillary matters concerning incentive stock options, as set out in the Information Circular.”  After consideration, the Company does not feel the resolution would effectively support any subsequent application made to the TSX Venture Exchange regarding amending options held by insiders; and as such it will not be seeking shareholders’ approval to that resolution.

ON BEHALF OF PROVIDENCE GOLD MINES INC.

Ronald Coombes

CEO & Director
1.604.724.4369

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 Drilling Update Stockpile

Providence Gold Mines “the Company” is pleased to report that further to previously announced news release dated November 17, 2020, drilling is now completed, and drill samples have been sent to Bureau Veritas Minerals of Sparks Nevada, to be assayed.

Bureau Veritas will be using 30 gm lead collection fire assay fusion for total sample digestion with AA finish. All Au>10 ppm is automatically analyzed by gravimetric method. Upon completion of the assays by Bureau Veritas, Providence will release the results.

Ron Coombes states, “We are extremely pleased to report drilling has been completed under the supervision, of our senior geologist. We believe the drilling program will advance the potential gold value contained within the stockpile, and we are all very excited to get the results from the drill samples, along with the analysis and evaluation thereafter “.

The Company believes that the material represents all the historically milled material of the Providence mine production. Historical mining recovery methods in 1916 were poor when compared to todays mining practice.

Qualified Person:

Brian Ray M.Sc., P.Geo. Head of Exploration and a qualified person (as defined under NI 43-101) has read and approved the technical information contained in this news release.

Click HERE To Watch “Setting Up And Drilling At Providence Gold Mines Property” Video:

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 @providencegoldmines on Facebook, Instagram, Twitter, TikTok, Youtube.
Stay Tuned!

www.ProvidenceGold.com

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 Drilling Stockpile

Providence Gold Mines “the Company” is pleased to report drilling commenced November 16, at the Providence Gold Mine historical stockpile. The drilling of the stockpile will be completed by this weekend, and drill samples will be sent to the lab for a complete evaluation immediately thereafter.

Ron Coombes states, “We are extremely pleased to report drilling is now well underway under the supervision of our senior geologist Mr Brian Ray. This drilling program will advance the potential gold value contained within the stockpile, and we are all very  excited to finally move forward with this important stockpile evaluation”.

The Company believes that the material represents all the historically milled material of the Providence mine production. Historical mining recovery methods in 1916 were poor when compared to today’s mining practice.

Qualified Person:

Brian Ray M.Sc., P.Geo. Head of Exploration and a qualified person (as defined under NI 43-101) 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 Coombes, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:  Ronald Coombes
Office: (604) 688-8200
Email: info@providencegold.com

Follow @providencegoldmines on Instagram, TikTok, Youtube. Stay Tuned!

www.ProvidenceGold.com

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 Mobilizes Stockpile Drilling

Providence Gold Mines “the Company” The Company is pleased to update shareholders on the recent new release dated October 15th, 2020
The principals of Lundgreen Engineering located in Tuolumne; California have informed Providence that they can start the previously announced drilling program commencing next week. The Company commissioned Lundgreen Engineering, and the company have now informed Providence that weather restriction from the past fire conditions in California, have now been determined as safe, by state authorities. Lundgreen can now access the property and will commence percussion drilling of up to 300 meters (1,000 feet). Multiple holes will be drilled within the historical Providence gold stockpile. The program is designed to produce a depth profile and evaluate the grade and volume of material. The assay samples will be taken at 5 foot, (1.5 metre) intervals. After which, a full bulk sample of all the material is planned to further determine the grade and best recovery method.

Ron Coombes states, “With COVID-19, and subsequent serious forest fires in California, that have caused delays in our planned September drill program, we are extremely pleased to report drilling will commence next week.  This drilling program will advance the potential gold value contained within the stockpile, and we are all very excited to finally commence the stockpile evaluation”.

The Company believes that the material represents all the historically milled material of the Providence mine production. Historical mining recovery methods in 1916 were poor when compared to todays mining practice.

Details of previous work, and analysis in 2019, can be found in News Release dated Sept 4, 2019 and others to date   https://www.providencegold.com/news/providence-gold-returns-positive-assays-results/

Qualified Person:

Brian Ray M.Sc., P.Geo. Head of Exploration and a qualified person (as defined under NI 43-101) 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

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.

Gold in Stockpile Drilling Update

Providence Gold Mines “the Company” The Company is pleased to update shareholders of its recent two week visit to the Providence Group of Gold Mines located nearby the City of Sonora, California, During the trip Mr. Ron Coombes, CEO, met with the principals of Lundgreen Engineering, Located in Tuolumne, California. The Company has commissioned Lundgreen Engineering, and the principles have confirmed that, weather permitting, they are ready to commence percussion drilling of up to 300 meters (1,000 feet). Multiple holes will be drilled within the historical Providence gold stockpile. The program is designed to produce a depth profile and evaluate the grade and volume of material. The assay samples will be taken at 5 foot, (1.5 metre) intervals. After which, a full bulk sample of all the material is planned to further determine the grade and best recovery method.

Ron Coombes states, “With COVID-19, and subsequent serious forest fires in California, have caused delays in our planned September drill program. We are extremely pleased to report that planning is underway to begin the percussion drilling in early November to advance the potential gold value contained within the stockpile”.

The Company believes that the material represents all the historically milled material of the Providence mine production. Historical mining recovery methods in 1916 were poor when compared to todays mining practice.

Qualified Person:

Brian Ray M.Sc., P.Geo. Head of Exploration and a qualified person (as defined under NI 43-101) 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

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

Gold in Stockpile Update

Providence Gold Mines “the Company” The Company has been in contact and has commissioned a local drilling company located in Tuolumne, California to percussion drill approximately 300 meters within the Providence gold in stockpile. The drill company made a site visit to evaluate the project last week and has agreed that they are available to commence drilling by August or early September.  Management is awaiting an essential entry permit due to COVID 19 in order to meet in person with the drill company in the coming weeks. The planned drilling is designed to produce a depth profile and evaluate the grade and volume of material. The assay samples will be taken at five – foot (1.5 metre) intervals after which a full bulk sample of all the material is planned to further determine the grade and best recovery method. 

Summary of the Stockpile:

The previous success reported in the news release dated November 5, 2019, (assay results of up to 253.6 g/t) from its Providence mine, (one of several known stockpiles).  Previous stockpile programs processed material collected from a depth of approximately one meter over a total distance of 65 meters. The material sampled was gravel size and each sample that was taken were approximately 1 meter in length for each meter. Results from the sampling program as reported are as follows:

Sample#

Wgt Kg

Au (g/t)

 

Sample#

Wgt Kg

Au (g/t)

 

Sample#

Wgt Kg

Au (g/t)

2980516

1.55

0.01

 

2980541

6.63

3.36

 

2981026

4.48

0.19

2980519

2.05

0.20

 

2980542

4.79

0.94

 

2981027

6.10

0.84

2980520

3.46

5.27

 

2980543

3.43

0.75

 

2981028

3.91

0.28

2980521

3.58

2.02

 

2980544

4.49

2.39

 

2981029

4.49

0.97

2980522

3.55

34.50

 

2980545

6.15

2.00

 

2981030

5.54

0.04

2980523

2.20

0.07

 

2980546

3.98

1.50

 

2981031

2.92

1.04

2980524

3.19

3.30

 

2980547

4.93

0.65

 

2981032

3.98

0.04

2980525

2.16

1.95

 

2980548

4.86

1.75

 

2981033

6.36

0.11

2980527

1.17

1.30

 

2980549

5.08

2.00

 

2981034

6.32

0.12

2980528

1.47

0.10

 

2981015

3.53

1.20

 

2981035

4.67

0.01

 

 

 

 

 

 

 

 

 

 

 

Sample #

Wgt Kg

Au (g/t

 

Sample #

Wgt Kg

Au (g/t)

 

Sample #

Wgt Kg

Au (g/t)

2980529

4.88

3.13

 

2981016

4.05

0.02

 

2981036

7.33

0.01

2980530

2.89

2.17

 

2981017

1.69

94.10

 

2981037

3.46

0.51

2980531

4.20

1.78

 

2981018

1.58

2.90

 

2981038

5.60

0.06

2980532

5.11

3.76

 

2981019

1.37

17.60

 

2981041

3.11

1.02

2980533

4.72

1.01

 

2981020

1.54

253.60

 

2981042

6.60

0.59

2980534

2.83

1.50

 

2981021

3.15

0.03

 

2981043

5.91

0.48

2980535

1.92

5.38

 

2981022

2.21

0.15

 

2981044

8.45

1.00

2980536

3.86

5.42

 

2981023

2.05

3.41

 

2981045

6.41

0.17

2980538

4.72

2.61

 

2981024

5.60

3.15

 

2981046

6.02

0.05

2980539

5.28

1.59

 

2981025

5.32

1.73

 

2981047

9.20

0.04

2981048

8.77

3.78

 

2981050

5.17

0.02

 

2981457

4.66

0.03

2981049

5.28

0.03

 

2981456

6.27

0.28

    

The stockpile samples were tested by Bureau Veritas Minerals of Sparks Nevada, using 30 gm lead collection fire assay fusion for total sample digestion with AA finish. All Au>10 ppm is automatically analyzed by gravimetric method. 

Brian Ray M.Sc., P.Geo. states, “ with the extremely encouraging previously reported assay results we are now  very  enthusiastic to begin  percussion  drilling  to advance the  potential  significant  value  contained within the stockpile”.. 

The Company believes that the material represents all the historically milled material of the Providence mine production. Historical mining recovery methods in 1916 were poor when compared to todays mining practice.   

Qualified Person:

Brian Ray M.Sc., P.Geo. Head of Exploration and a qualified person (as defined under NI 43-101) 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

Mobile: 1 (604)724-2369

Email: info@providencegold.com 

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