Interview with Metal News

To view original article on Metal News, visit: https://metalsnews.com/t1393738i 

Ronald Coombes, President and CEO, Providence Gold Mining Inc. (TSXV: PHD, US-OTCQB: PRRVF, FRANKFURT: 7RH1-F) Discusses Gold Exploration in the Eastern Belt of the “Mother Lode” District, Sonora, California

By Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia University, NYC, USA

We spoke with Ronald Allan Coombes, who is President and CEO of Providence Gold Mines Inc. (TSXV: PHD, US-OTCQB: PRRVF, FRANKFURT: 7RH1-F), a Canadian mining exploration company, who has acquired the famous Providence Group of Gold Mines, located near a resource friendly community of Sonora, California, on the eastern belt of the “Mother Lode” District. Most recently, Providence Gold discovered stockpiles of what was thought to be waste rock. Recent testing of sample material returned significant amounts of gold. The Company has designed a near surface, up to 4000 meters drilling program, beneath and between the historical high-grade stopes. According to Mr. Coombes, the project has good potential for possibly four million ounces of high-grade.

Providence Gold Mines Inc., Sonora California

Dr. Allen Alper:
This is Dr. Allen Alper, Editor-in-Chief of Metals News, talking with Ronald Allan Coombes, who is President and CEO of Providence Gold Mines. Ron, I wonder if you could give our readers\investors an overview of your Company, what differentiates your Company and tell us all the great things that happened this year and your plans for next year?

Ronald Allan Coombes:
Sure. We acquired the property in 2017. The property is a very famous gold property, right near the town site of Sonora, California, which is an unusual spot in California, because it’s very resource friendly. Meaning that the community is very pleased with our presence in exploring their backyard, which is what we look for as a Company, first and foremost, looking for properties of merit where you can develop them.

Dr. Allen Alper:
Well, that sounds good. Could you tell us something more about the history and what you found? Could you elaborate a little further on the property being patented?

Ronald Allan Coombes:
We originally acquired the patented property because of its rich, high-grade history. Patented gives you significant advantage over government land. Although there are permitting requirements, patented property gives you grandfathered rights as a past producer, which significantly reduces the amounts of government red tape ensuring you production rights.

To date we’ve examined a few of the deposits that are on the property. The property has numerous deposits, along a strike of 2.2 kilometres or 1.4 miles. We’ve looked at those deposits now, each one of them and are very pleased with the results to date. The first one that was the primary deposit on the property, produced about 225,000 thousand ounces. The very first stope, over a 14-month period, reported 30,000 ounces for 15 ounces per ton, so these are high-grade deposits on the property.

The width historically of the stopes were 3 to 4 meters thickness where the best gold values are. These sorts of deposits are known to go to depths of 3,000 feet and greater, and they get better at depth. The property has been sitting idle since 1918, and the reason being is that first there was a legal dispute, while they were in the middle of making a profitable mining operation. The lessee and the lessor didn’t renew the lease. Then they had a major wildfire, which ravished the entire area of California, it burnt everything to the ground.

Then the Spanish Flu hit the world, and that pandemic was even more severe than COVID-19 has been, it’s a calamity of things that have happened. The mine sat idle, with no further development or aspirations since 1931. In 1931 a group went in with the objective of putting a new drift in, over the Mexican and Consuela Mines and they failed to reach that target. Since 2017, we’ve gone in and completed underground grade verification. We did surface sampling, surface geochem, a 3D-LIDAR survey of the 600 level underground, which significantly helped us in our target modeling. I really recommend everybody have a look at the guided tour in our presentation that’s on our website. You just have to click on the link, and it will open up for you.

In the last two years, we discovered that we have a stockpile of material on the property that looks like it could be profitable. It’s not 43-101 compliant, having said that, it’s there. We got some decent numbers. We’ve trenched that stockpile and then drilled it to depth, so that right now is something that we were very aware of. What we’d like to do now though, because of the fire situation last year, which has really hampered our ability to do what we’d like to do. We’ve done all our modeling. We just finished an exploration program in September, which yielded 75 to 95 grams and verified that they were mining high-grade at the McCarthy deposit, which is one of our primary targets in our planned drill program.

We’re planning to drill it now for the very first time in the property’s history. Once our financing is completed, we’re planning a 4,000-meter drill program, which will examine and investigate the near surface potential, which is enormous. And we’ll drill some deeper holes, to be able to establish an inferred resource. We’re excited to have a property that is sitting idle, that has historically produced such high-grade. We’ve modeled that now and think there’s good potential for possibly four million ounces of high-grade.

Dr. Allen Alper:
That’s sounds very good. Could you tell our readers/investors a little bit about your background and your Team?

Ronald Allan Coombes:
I’m very proud to have the team that we have. Our qualified person on the project from Canada, is Lee Groat, who is Head of Earth Sciences at the University of British Columbia. He’s been extremely helpful in giving us some academic support, with regards to structural geology, etc.

We have a very well renowned expert in the California’s Mother Lode Belt, Mark Payne, that’s been working in that belt for over 45 years. Mark has been responsible and involved in the development of resources in the California Mother Lode Belt. He’s a registered geologist in the state of California, I am bringing this up because of course, to go forward with permitting, you need to have a registered geologist in the state of California and to have a qualified person with regards to 43-101, we also need to have somebody that’s registered here in Canada. We have both of those requirements fulfilled.

As well as the rest of our Team. The fellow that vetted the property to us, Richard Ellers, is a very well-heeled lawyer from the State of California, and has been involved with some of the majors, with regards to permitting in his career, so he’s very familiar with the permitting requirements, etc.

We have a couple of very significant people with us on our Board. We have Rodger Young, who has a very rich history, in our industry. He used to be a significant fund manager. He lives in the Isle of Jersey and really is very helpful, with a lot of the legal, and has a wealth of history, in our business, going back all the way to the 70s, 80s and 90s. He was responsible for a very large pension fund in his career. Rodger is the Chairman of our Board and he’s my right-hand man, with our operations.

We have a well-heeled group of Directors on the Board. Scott Davis is our CFO. He has a wealth of experience in the mining business. He’s an accountant and works in the resource sector itself. He’s very familiar with all our obligations from the accounting side.

We also have Tom Kennedy, who is a lawyer. Tom has helped us and continues to help us, with that and reducing our costs, when it comes to legal matters. It’s important, when you’re a small Company like ours, to try to keep your costs down. Our annual operating budget, for the Company is very low, when you compare it to many of the other companies that are of similar size to ours.

That’s a little bit about our Team and what they’re doing with regards to the project itself.

When you bring up the professionals, it brings up a couple of other items that are important. This property here so far, all our assays and sampling to date, have shown us very little in the way of sulfide, for the most part this is pure gold. There is some iron, but as far as other materials, we haven’t seen any. There’s minor arsenic present, it’s pretty much devoid of arsenic or any other metals that make it a little bit more difficult in the metallurgical processing. The old timers had stamp mills, a sluice box and gravity separation. Those methods weren’t the best, and that’s probably why there is still as much grade, as there is, present in the stockpile of milled material that’s still sitting on the property right now. The best samples that we got out of the stockpile, we did have one whopping eight ouncer, but many of the assays came back in the grams per ton. So that’s probably the only reason why the stockpile is sitting there with probably some profitable material.

Dr. Allen Alper:
Could you tell our readers/investors your goals for 2022?

Ronald Allan Coombes:
We have exciting goals for 2022, our experts have modeled the previous historically mined deposits to 3,000ft. We have excellent targets, especially near the Mexican and Consuela mines, where they only mined to 150ft. Those developed near surface targets are appear like the Bonita and the Goodenough. There are a total of seven deposits on the property, two of them the Providence and Fairplay were developed to the 1,200ft level. In 1916 they reportedly were mining ore on the 1,100ft level when operations were shut down.

We plan to dewater from the 600ft level down to the 1,200ft level. To do that, we need a water discharge permit, which the Head of the Water Resources Control Board in Sacramento stated could take up to 18 months.

In our sampling protocol that we’ve done, we don’t see anything deleterious, with regards to the water quality. There were some organics in the water, but it looks like the water’s drinkable, but you still must go through the rigorous permitting process, to discharge water from any mine site, so that process will take us 12 months.
We’re also now trading on US-OTCQB (PRRVF), which gives us an advantage for Americans that wish to invest in our Company from the United States. That really has opened the door for people, who wish to invest in our Company, as well as here in Canada on the TSX Venture Exchange (PHD) and Frankfurt Exchange (7RH1.F).

Dr. Allen Alper:
Well, it sounds excellent. Could you also tell us about your own background?

Ronald Allan Coombes:
I’ve been in the business now for over 20 years, I’ve been involved in a couple of success stories. When molybdenum was really hot, I was involved in the deposit in northern Canada near the old township of Cassiar, British Columbia. We had five drills spinning on that project for over a year and proved up a deposit that was just over 200 million tons. Our market cap, on that Company, went from 15 cents, by the time we finished drilling it and putting the report out, that Company had shares trading at over $2.50, within a 12-month period. That was a pretty big success.
Unfortunately, molybdenum dropped in value, or that project would still be moving forward right now. Currently, it’s sitting idle, but we drilled off a very significant deposit there.

We’ve been involved in a number of other plays that I’ve been responsible for. We had another one back east in Ontario. Very interesting, large geophysical anomalies and that’s just now being drilled. That was in another company that I was with. I’ve been involved in looking for resources in British Columbia. The problem that I found the permitting process is fragmented in Canada and then you’ve got the First Nations issues. I found it just way too difficult with not knowing what my security was in Canada, that’s why I chose to leave and go to the United States. And of course, we
were looking for a gold project.

If you’re looking for gold, the Mother Lode Belt is probably about one of the best jurisdictions you’re ever going to find, with regards to potential gold projects they’ve mined. They’ve mined over 128 million ounces, out of the Mother Lode Belt, which stretches from one end of the state right to the other, it has a lot of potential still to this day. Where our project is, we’re sitting in amongst several million-ounce deposits that were previous producers. Somebody told me a long time ago, gold is where gold is, so this project is definitely sitting in the right address for a significant gold discovery.

Dr. Allen Alper:
It sounds very good. Could you tell our readers/investors what the outlook is for getting permits, for your project and being able to mine in California? A lot of people are concerned about that.

Ronald Allan Coombes:
It’s interesting you bring that up because I’ve worked in a lot of different jurisdictions, I’ve been in Mexico, I’ve been in Canada. I must say so far to date, depending on where you are logistically, it doesn’t really matter what country. It really is more dependent on where you are. I certainly wouldn’t want to be sitting in the backyard of Los Angeles or San Francisco itself, or many other communities that are not mining friendly. You want to ensure that wherever you are, you’re in a resource friendly jurisdiction. Sonora, California is really a great place to work. I mean, everywhere you look, it’s resource this, resource that. They understand the importance of resources. As far as
the permitting process, it’s no more onerous in California than it is Arizona and Nevada.

I was involved in another project in California and the permitting process on that property was less than desirable. It really depends on where you are. In the permitting process timeline, the government now, in the state of California, has ensured that your permitting gets done in a timely manner and as long as you fulfill all the requirements you get your permits. I don’t know how many are in the pipeline right now, but I know that, two years ago, there were 13 projects in the pipeline, for permitting in the state of California. Only one opted out and that wasn’t the fault of the government, it was the fault of the project, in that they didn’t have the funds to continue with the permitting process itself, to complete it.

I don’t see any issues. I think California is a great jurisdiction to work in. I think, in my career so far, it’s probably been the place that I’ve had the opportunity to work. The community has been very helpful in securing contractors that are local. I found it a real pleasure. I think it’s a myth. I think that times have changed. Depending on where you are, California is open for business.

Dr. Allen Alper:
Well, that sounds good. What are your goals for 2022 to run?

Ronald Allan Coombes:
I want to drill this 4,000 meters on this property. My goal is to make this a huge success for 2022. It takes, on average, three to five years from the start to get to where you’re e actually capable of properly setting up drills to actually hit your targets. When we picked the project up, it had no geological information other than longitude cross section, everything else have been burnt in the fires. We’ve done our homework; all the homework’s now being completed. We haven’t had anything to date that has discouraged us in any way. Everything that we’ve completed, so far to date, on the property has done the opposite actually, given us serious hopefulness for being able to develop something that will be of significance to be able to give our shareholders as much reward as possible. This property has the potential for a bountiful exploitation of gold.

Dr. Allen Alper:
Ron, could you tell us the primary reasons our readers/investors to consider investing in Providence Gold Mines?

Ronald Allan Coombes:
I consider our project to be a ground floor opportunity, for investment purposes. The stock is trading at a low rate now. The high has been 20, it’s trading at its low rate now. Certainly, there’s an advantage to purchasing the stock where it is currently. When we start to drill the property and we start to hit what the historical records were, I think this shareholder reward potential is so enormous for shareholders that it couldn’t be a better time to purchase the Providence Gold Mines. Today, would probably be a really good day for somebody that wishes to take that leap of faith and make an investment in a risk/reward resource stock. Providence Gold’s probably about as good as it gets.

Dr. Allen Alper:
Well, that sounds like opportunity for someone who’s willing to have a chance to have his money grow, even though here is some risk involved. How would you sum it up?

Ronald Allan Coombes:
We’ve de-risked this project as much as possible. We’ve done all the homework that’s necessary to make it a success. The drill will tell the truth, at the end of the day, but if the truth is the gold values that we’ve verified so far, give this project to be an enormous win, both size and grade. I mean, that’s unusual to be in a stable jurisdiction, like the United States of America, that is an opportunity where you don’t have to worry about political stability. Permitting is logical and timelines are logical. The community at large wants us there. So, I think that we have all the ingredients for
success here. The project does require a good drill program to be successful, and 4,000 meters of drilling should be able to substantiate and verify what we’re looking for.

Dr. Allen Alper:
Well, that sounds good. It sounds like it’s worth examining and making a speculative investment, for people, who want to have the opportunity to increase their earnings.

Ronald Allan Coombes:
Absolutely. I think the resource sector has always been a risk and reward business. If you’re going to pick a risk and take one that’s been de-risked and actually has proven resources from the past. It gives you a better than good chance, of actually being successful. And of course, that means making the shareholders the wealth that they’re entitled to.

Dr. Allen Alper:
Well, that sounds very good! We’ll publish your press releases as they come out so our readers/investors can follow your progress.

https://providencegold.com/

Ronald A. Coombes
President & CEO
Direct: (604) 724-2369
Email: rcoombes@providencegold.com

To view original article on Metal News, visit: https://metalsnews.com/t1393738i 

Providence Gold Announces Non-Brokered Private Placement of up to $1,300,000 First Tranche of $83,125 Closed

VANCOUVER – December 22, 2021, Providence Gold Mining Inc. (“Providence” or the “Company”) (TSXV: PHD, US-OTCQB: PRRVF, FRANKFURT: 7RH1-F) is pleased to announce further to its December 2, 2021 news release announcing a non-brokered private placement unit offering (the “Private Placement”) of up to 18,571,500 units of the Company at a price of $0.07 per ordinary share attached with a one year warrant at an exercise price of $0.15 to raise total gross proceeds of the issue of $1,300,000.

The Company anticipates completing the offering in the New Year and has closed the first tranche of $83,125 for an aggregate amount of 1,187,500 units. Certain insiders of the Company have already participated in the amount of 830,000 units under the Private Placement.

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 7% cash and 7% 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.

The Company now plans a 4,000 meter near surface core drill program designed to evaluate the significant gold potential between and beneath each of the numerous historical high-grade gold producers within the Providence Group of Gold Mines and in further to confirming and ratifying results of other investigative results including the recent high-tech underground 3-D terrestrial survey modeling.

Ronald Coombes states, “our successful work programs have provided target confidence and core drilling will now provide proof to once again make the Providence one of the great Motherlode producers.”

History:
The Providence Mines have been sitting idle since 1916.

About Providence Gold Mines Inc.:
Providence Gold Mining Inc. is an advanced-stage gold mine exploration and development company.

For more information, please contact Ronald Coombes, President and CEO of the Company.
Click HERE to see “3-D Underground Terrestrial Survey Walk Through” Video

ON BEHALF OF THE BOARD

“Ronald Coombes”

Ronald A. Coombes, President & CEO
Phone: (604) 724-2369
Email: rcoombes@providencegold.com

STAY TUNED! VISIT OUR WEBSITE FOR MORE DETAILS
http://www.ProvidenceGold.com

LIKE & FOLLOW @providencegoldmines
Instagram, Facebook, Twitter, TikTok, Youtube, LinkedIn

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Neither the OTCQB and or 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.

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.

Providence Gold Mines Inc. Plans to Drill Gold Targets

VANCOUVER – December 2, 2021, Providence Gold Mining Inc. (“Providence” or the “Company”) (TSXV: PHD) The Company is pleased to announce plans to drill up to 4,000 meters (13,000+ ft) on its potentially significant gold targets.

The drilling is subject to a unit financing of up to $1.3m CAD. The unit will consist of one common share at a price of $0.07 CAD with one warrant exercisable at a price of $0.15 for a period of one year from the date of closing. Commissions may be paid in the amount of 7% cash CAD and 7% brokers warrant exercisable at a price of $0.15 for a period of one year from the date of closing, subject to regulatory approval.

The historic high-grade producer has sat idle since profitable mining operations ceased in 1916 due to a legal dispute, a wildfire, and the pandemic of 1918. The property is located 40 minutes by road from the resource-friendly community of Sonora, California.

Ron Coombes states, “this is an exciting milestone for the Providence Group of Gold Mines as it will be the first-time drilling has exploited the numerous past-producing and near-surface gold targets. With as recently reported the McCarthy Mine returning assays of 75 to 95 grams/t the Company now has a high degree of confidence to successfully drill the significant numerous near-surface gold targets.”  To view our presentation, click here.

With the exploration groundwork completed and modelled for drilling and a gold market which appears ready to explode the drilling for the first time of these numerous historic producing high-grade mines offers an excellent opportunity.

Orogenic-type gold deposits are well understood and with the Providence Group of gold mines having stope widths of 2 to 3 meters which historically reported multi ounce per ton material the Company’s sampling results verifies the presence of high-grade material within the numerous targets. We believe our timing could not be better.

STOCKPILE UPDATES:  
The Company previously announced plans to move forward with re-milling of our developed stockpile which is not NI 43 101 compliant, however, Covid-19 and serious threats from nearby forest fires during the past 18 months created significant risks beyond the Company’s control forcing us to abandon those plans for the time being.

In better news, the Company’s team of geological experts has designed a drill program for two purposes: (1) to explore the near-surface high-grade targets with the objective of combining the potential bountiful hard rock with the stockpile material, greatly enhancing milling confidence, and (2) additional drilling to verify the significant hard-rock potential.

Having completed our data compilation, we have confidence to now drill the sizable potential of significant targets with accuracy.

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).

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, contact Ronald Coombes, President & CEO of the Company.

ON BEHALF OF THE BOARD,

Ronald Coombes

Ronald A. Coombes, President & CEO
P: (604) 724-2369
E: rcoombes@providencegold.com

Wai Akdogu, Executive Assistant & CCO
E: wai@providencegold.com

PROVIDENCE GOLD MINES INC.
#507-595 Howe Street
Vancouver, BC  V6C 2T5
Canada
E: info@providencegold.com

LIKE & FOLLOW

@providencegoldmines on Instagram, Facebook, TikTok, YouTube, LinkedIn
www.ProvidenceGold.com


CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

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

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 Inc., 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.

Providence Gold Mines Announces McCarthy Mine Results 3.77 Kg Sample Yields 77.0 to 97.0 Grams Gold

VANCOUVER – September 21, 2021, Providence Gold Mining Inc. (“Providence” or the “Company”) (TSXV: PHD) is pleased to report that a 3.77 Kg sample of quartz material taken from the surface at the McCarthy mine yielded gold values of 77.0 to 97.0 grams.

Historical records indicate that until 1916 the McCarthy mine produced multi-ounce material over a width of 2 to 3 meters to a depth below surface of less than 60 meters. An underground drift was designed but not followed through on McCarthy gold deposit.

Samples were sent to Bureau Vertis in Sparks, Nevada for analysis using FA430 fire assay fusion with AAS finish.

The recent exploration program focused on the area surrounding the McCarthy mine. Two trenches were dug with a Spidex excavator some 90-meters south of the mine. One target remains untested due to the steepness of the hillside which exceeded the ability of the excavator.

Assaying of samples collected along a 100-meter strike length exposing a lode structure 1.0 to 1.4 meters wide returned anomalous gold values ranging from 400 to 700 ppb. The overall width (10 to 20 meters) and intensity of the alteration bloom (which is mostly in the footwall beneath the 45-to-50-degree NE dipping lode) suggests potential for a high-grade offshoot target at a vertical depth of approximately 90 meters.

Further modeling is currently underway. Once completed we plan to drill 3,000 to 4,000 meters of HQ core within and beneath the historical Providence, Fairplay, McCarthy, Mexican, Consuelo, Goodenough, and Bonita historic high-grade mines.

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).

Mark Payne P. Geo is registered in the State of California is working under the direct supervision of Lee Groat P.Geo Q.P.

Image shown here is the McCarthy Adit.

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, contact Ronald Coombes, President & CEO of the Company.

ON BEHALF OF THE BOARD,

Ronald Coombes

Ronald A. Coombes, President & CEO
P: (604) 724-2369
E: rcoombes@providencegold.com

Wai Akdogu, Executive Assistant & CCO
E: wai@providencegold.com

PROVIDENCE GOLD MINES INC.
#507-595 Howe Street
Vancouver, BC  V6C 2T5
Canada
P: (778) 952-2660
E: info@providencegold.com

LIKE & FOLLOW

@providencegoldmines on Instagram, Facebook, TikTok, YouTube, LinkedIn
www.ProvidenceGold.com


CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

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

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 Inc., 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.

Providence Gold Mines Inc. Announces Trading on OTCQB

Providence Gold Mines “the Company” is pleased to announce that the Company has received final approval from the OTC Markets Group to begin trading on the OTCQB market under the ticker symbol “PRRVF” at the Market open September 15, 2021. “Trading on the OTCQB Market is a positive step forward for both the Company and our Shareholders, allowing Providence to now have access to the USA investment community, through our new USA listing on the OTCQB. With the support of the OTC Markets Group, the Company expects to be able to continue to advance the Company within the USA investment community.

The OTCQB is the premier venture marketplace for developing junior resource Companies in the United States with their commitment to providing a high-quality trading platform for their US investors.

To be eligible, Companies must meet high financial standards, including being current in their financial reporting, follow best practices corporate governance, have professional third-party sponsor introduction, demonstrate compliance with US securities laws, and undergo an annual verification and management certification process. The OTCQB is recognized by the Securities and Exchange Commission as an established public market that provides current public information to investors the need to analyze, value, and trade securities, Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.

ON BEHALF OF THE BOARD

“Ronald Coombes”

Ronald A. Coombes
President & CEO
Office: (604) 723-2369
Email: rcoombes@providencegold.com

Wai Akdogu
Executive Assistant & CCO
Email: wai@providencegold.com

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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 OTCQB and or 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 Closes Non-Brokered Private Placement

VANCOUVER – September 3, 2021, Providence Gold Mining Inc. (“Providence” or the “Company”) (TSXV: Phd) is pleased to announce that further to the news release of June 29, 2021, it has now closed its non-brokered private placement offering (the “Private Placement”) of 3,864,571 shares at a price of $0.07 for the reduced amount of $270,519.97.

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.

ON BEHALF OF THE BOARD
“Ronald Coombes”
Ronald A. Coombes, President & CEO
Office: (604) 724-2369
Email: rcoombes@providencegold.com

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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 Mines Inc. Sample Assay Update

August 24, 2021 – Providence Gold Mines “the Company” (TSXV:PHD) (OTC:PRRVF) (FSE:7RH1) is pleased to announce that further to our recent news release that Bureau Vertis acknowledged receipt of 60 rock at their lab located in Sparks Nevada. The Company has now been advised that the preparation and analysis FA430 fire assay fusion AAS finish are estimated to be completed on September 10, 2021. 

Five bucket samples of material were taken from the potential extension of the known stockpile. 

The other rock samples submitted were from the four trenches and newly discovered lode outcrops.

Click HERE To Watch “PHD SPIDEX Moving Down a 45 degree Slope to Trench” Video

ON BEHALF OF THE BOARD 

“Ronald A. Coombes” 

Ronald A. Coombes
President & CEO 
P: (604) 724-2369
E: rcoombes@providencegold.com

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Stay Tuned!

www.ProvidenceGold.com

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 Mines Inc. Announces Engagement of Market Maker

August 17, 2021 – Providence Gold Mines or “the Company” (TSXV:PHD) (OTC:PRRVF) (FSE:7RH1) is pleased to announce that it has engaged the services of Red Cloud Securities Inc. for Market Stabilization and Liquidity Services (“Market Maker”) for its common shares listed on the TSX Venture Exchange. Under the terms of the Agreement, which is effective August 3, 2021, 2021, The Company will pay the Market Maker a monthly fee of $5,000 for market making services which will continue until either party has terminated the agreement with thirty (30) days’ notice.

About Red Cloud Securities Inc.

Red Cloud Securities Inc. is a 100%, principal-owned Canadian based IIROC investment dealer focused in the junior resource sector. Their primary businesses include investment banking, equity research, and market stabilization and liquidity services. Red Cloud was founded by capital markets professionals with extensive experience in the junior mining industry. Their goal is to become the leading global investment boutique in junior resources.

About Providence Gold Mines Inc.

Providence Gold Mines Inc. is a Canada-based company engaged in the exploration, evaluation and development of its gold mineral property located in the prolific gold bearing Mother Lode Belt, nearby the historical gold town of Sonora, California, United States. The Company holds an interest in several Historical high – grade past producing mines located within the Providence Gold Mines properties. The Providence Property includes six parcels and thirteen 20-acre mining claims for a total of 425 acres (171 hectares) in size acres. The Company is focused on its exploration, evaluation, and development of the Providence Group of Gold Mines assets. 

ON BEHALF OF THE BOARD 

“Ronald Coombes” 

Ronald Coombes, President & CEO 

FOR FURTHER INFORMATION PLEASE CONTACT:  

Ronald Coombes

Office: +1 788 952 2660

Email: info@providencegold.com

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

LIKE & FOLLOW Providence Gold Mines on InstagramFacebookTwitter, TikTokYoutubeLinkedIn. Stay Tuned!

www.ProvidenceGold.com

Forward-Looking Information

This press release contains certain forward-looking information and reflects the Company’s present assumptions regarding future events. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company’s actual results, levels of activity, performance, and/or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.

Certain statements contained in this document constitute forward-looking statements and information within the meaning of the applicable Canadian securities legislation. When used in this document, the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “propose”, “anticipate”, “believe”, “forecast”, “estimate”, “expect” and similar expressions used by any of the Company’s management, are intended to identify forward-looking statements. Such statements reflect the Company’s internal projections, expectations, future growth, performance and business prospects and opportunities and are based on information currently available to the Company. Since they relate to the Company’s current views with respect to future events, they are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The Company does not intend, and does not assume any obligation, to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments except as required by applicable securities legislation, regulations or policies.

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 of accuracy of this release.

Providence Gold Mines Inc. Identifies Additional Potentially Significant Gold Targets

August 11, 2021 – Providence Gold Mines “the Company” (TSXV:PHD) (OTC:PRRVF) (FSE:7RH1) is extremely pleased to announce our geologists have identified a potentially significant low bulk tonnage gold target. The Providence Gold Mines properties with numerous high grade historical deposits are located near the historical gold town of Sonora, California. 

Preliminary evidence suggests that all lode structures crossing the favorable corridor of fracture dilatancy (the Tuolumne Mines Trend) at all elevations constitute significant exploration gold targets. Our field geological reconnaissance, alteration mapping, soil geochemistry, and subsequent trenching on the extremely steep terrain has been successful in locating lode targets. The zone was sampled for assay and mapped to further define new surface exploration drill targets.

An example of the lode outcrop discovered recently, is pictured below:

The Providence Gold Mines property is located along the East Belt of gold mines of the Mother Lode system near the city of Sonora, California. The Mother Lode East Belt mines are spatially arranged along the 160 km length of the regional-scale Calaveras-Shoo Fly Thrust Fault and they have accounted for approximately four million ounces of historic gold production.

Mark Payne P.Geo., an expert in the M­other Lode Belt, states, “The East Belt mines are contained within a 10 km by 160 km footprint area and Providence’s historic group of gold mines hosts enormous unexplored gold endowment potential”.

The recent geological fieldwork confirms similar geology to other known low grade Mother Lode gold deposits. Wall rocks have invariably been hydrothermally altered, having been partially to completely converted to ankerite, sericite, quartz, pyrite, chlorite, and albite with traces of rutile and leucoxene (Knopf, 1929). The mineralization is usually adjacent to the veins in ground that has been fractured and contains small stringers and lenses of quartz.  

Regional Geology:

The Calaveras-Shoo Fly Thrust Fault is a complexly folded, strongly metamorphosed, and strain-hardened zone of fault zone rocks (mylonite), which developed multiple millions of years prior to the Mother Lode Belt gold mineralization event, during the mid-Jurassic Nevadan Orogeny. The Calaveras-Shoo Fly Thrust was subsequently intruded by the mid-Jurassic Standard dioritic Pluton in the general area of the Providence Mine property. Intrusion of the Standard Pluton is the most important structural feature in the Mother Lode district, as it pertains to gold ore localization.

Several millions of years later, the Mother Lode Belt gold mineralizing event was synchronous with a major regional-scale compressional flattening event during the early Cretaceous period. This compressional flattening event reactivated deep regional-scale fractures associated with the Calaveras-Shoo Fly Thrust and later brittle fractures related to intrusion of the Standard Pluton. Reactivation of the pre-mineralization structures likely provided the deep conduit by which gold-bearing hydrothermal fluids of metamorphic origin (orogenic) could be transported.

The rhombohedral fracture set which hosts the known gold mineralization on the Providence property were probably developed as a mechanical response to the competency contrast between the massive intrusive and bedded meta-sedimentary rocks under right-lateral strike-slip strain. On the property a rhombohedral fracture grid appears to have been developed within an embayment in the southern contact of the Standard Pluton. Although an open antiformal fold in the Calaveras-Shoo Fly Thrust encloses the Providence project on three sides, the fracture sets associated with that deformation episode are likely highly modified curvilinear features which may have reduced relevance as an ore control.

Property-Scale Structural Geology:

The historic high-grade gold production from the Providence Mine property was from steeply plunging chimney-like ore shoots within several moderately eastward dipping N10-20W oriented fault / lodes. There is a well-developed system of strong cross fault / lodes which dip steeply northeast and strike N60-70W. Both types of fault / lode can be traced for considerable distances on the surface by their strong sericite + carbonate alteration signatures. The WNW cross faults have had a pronounced effects upon the morphology of the ore shoots hosted within the NNW striking lodes. At the Providence and McCarthy historic production areas, the ore shoots occur within the NNW striking lodes as twins in drag fold features, arranged on both sides of strong WNW cross fault / lodes.

Mine Trend:

The Providence Gold Mines patented claims were not staked in alignment with the ore-bearing lode structures, but progress obliquely across the rhombohedral grid of lodes. The claims link the gold production points. At the district scale, the arrangement of the NW striking ore-bearing lodes is en echelon and left-stepping with respect to the Tuolumne Mines Trend.

The Tuolumne Mines Trend is interpreted to be a corridor of favorable dilatant fractures developed in a strain shadow above a linear-shaped intrusive salient at depth. A southeasterly trend of small dioritic intrusive plugs is in alignment with the mines trend and suggests the presence of a SE-trending expression of the Standard Pluton at depth.

The current ore target concept for the Providence Mine property suggests that all lode structures crossing through the favorable corridor of fracture dilatancy (the Tuolumne Mines Trend) at all elevation horizons constitute significant exploration targets. 

NEXT STEPS:

The Company continues to exploit the significant exploration potential, whilst sourcing plant equipment for the stockpile initiative, and immediate future programmed works.  

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). Mark Payne P.Geo is registered in the State of California is working under the direct supervision of Lee Groat P.Geo Q.P.    

ON BEHALF OF THE BOARD 

“Ronald Coombes” 

Ronald Coombes, President & CEO 

FOR FURTHER INFORMATION PLEASE CONTACT:  

Ronald Coombes

Office: +1 788 952 2660

Email: info@providencegold.com

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

LIKE & FOLLOW Providence Gold Mines on InstagramFacebookTwitter, TikTokYoutubeLinkedIn. Stay Tuned!

www.ProvidenceGold.com

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.