News Releases

Gold Assay Results

November 5, 2019

Providence Gold Mines “the Company” the Company is extremely delighted to announce that further to the news release of September 26, 2019 assay results of up to 253.6 (g/t) from its Providence mine stockpile located in Tuolumne County, California.

Today’s and the previously reported assay results of July 19 and September 4, 2019 advances the support of the stockpile, and as well the high-grade nature of the mineralization. The   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 taken was approximately 0.5 meter in length for each meter. Results from the sampling program are reported as follows:

Assay results - Stockpile Sept 2019

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

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 P.Geo. states, “ These assay results are extremely encouraging  and advances our evaluation of the potential 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.

We invite all shareholders and stakeholders to join the Providence Gold Mines portal on 8020 Connect. Join here: http://b.link/Providence                                       

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


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