+1 604 724 2369 info@providencegold.com

VANCOUVER, BRITISH COLUMBIA – Providence Gold Mines Inc. (TSXV: PHD) (“Providence” or the “Company”) is pleased to announce results from underground sampling of the Company’s Providence Gold Mine in central California. The results demonstrate continued success on its Phase I exploration program with the presence of high grade gold mineralization adjacent to former stoped (mined) areas of the mine.

Results from the sampling of the various workings in the South Mineralized Shoot on the 600 foot level property are as follows:


Sample # Location Width (Metres) Au (GPT)
2980165 Small drift approx. 7m behind 600 drift 569.5 sample of face of vein in stope 0.70 31.70
298063 Small drift approx. 7 m behind 600 drift, 569.5, sample of face of vein in stope 1.10 6.54
from 2980165 to 298063 1.80 16.33
2980141 633 back 1.0 4.16
280161 Small drift approx. 7 m behind 600 drift, 569.5, sample of face of vein in stope 2.80 4.41
2980175 552, West Rib 0.80 9.74
2980178 551, West Rib 1.20 4.60
2980182 549, East Rib 0.60 7.05
2980189/90 533, 600 drift, West Rib 1.20 3.16
2809193 533, 600 drift, West Rib 0.40 3.22
Note: of the 52 samples collected to the south of the North Shoot, 25 assayed >1 gpt Au of which 10 assayed >3 gpt Au with two assaying >10 gpt Au

The above sample results verify the historical results for the Providence Mine South Shoot. The South Shoot is located approximately 70 metres to the south of the North Shoot. The following table summarizes the results of the chip sampling program and reported in the news release dated September 21, 2017.


Sample # Location Width (Metres) Au (GPT)
2980069 Stope back 1.0 8.60
2980074 398 0.9 4.15
2980076 398, West Rib 1.0 3.31
Or 2.2 3.28
2980077 372 Back, W Rib 1.0 19.58
2980103 426 Slab From Small Stope 0.3 14.55
2980108 435, W Rib 1.3 45.64
2980116 447, East Rib and Back 1.1 4.82

Previous work has shown the Providence property to contain gold bearing vein system with several workings being located. As a result of the ongoing exploration success, the Company has dispatched its exploration team to the property to complete further soil geochemical sampling, outcrop mapping and sampling. The program commenced this week. The purpose of the program will be to verify the potential strike length within the property’s 2.2 km long property boundary.

We are excited that our results have validated the historically reported production and confirm the potential of significant gold mineralization, along the 2.2 km strike and down-dip,” said Ron Coombes, President & CEO of the Company.

QA&QC Procedures

The Company followed industry standards in its QA&QC procedures. A certified standard sample, or a blank or a field duplicate sample is inserted every 10 samples before the set of samples is sent to the Laboratory. This procedure is applied to all rock chip and channel samples. The Company sent all of the samples to Bureau Veritas Laboratory in Reno, a laboratory that meets International Standards ISO 9001 and ISO 14001 Certification.

Qualified Person

John M. Kowalchuk, P.Geo, a geologist and qualified person (as defined under NI 43-101) has read and approved the technical information contained in this news release. Mr. Kowalchuk is a senior geologist consulting to the Company.

The Company is pleased to announce that its website is live as of November 1st, 2017. Visit www.providencegold.com.


“Ronald Coombes”
Ronald Coombes, President & CEO

Telephone: 1-604-602-4935
Facsimile: 1-604-602-4936
Contact: Robert Eadie
Ronald Coombes
Mobile: 1-604-724-2369

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.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to: the terms and conditions of the proposed Transaction; the terms and conditions of the proposed Financing; future work to be carried on the Property; use of funds; and the business and operations of Red Hut after the proposed transaction. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. There is no assurance any of the forward-looking statements will be completed as described herein, or at all. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; operating and technical difficulties in connection with mineral exploration and development activities, lack of investor interest in the Financing; requirements for additional capital; future prices of gold and precious metals; changes in general economic conditions; accidents, delays or the failure to receive board, shareholder or regulatory approvals, including the required permits; results of current exploration and testing; changes in laws, regulations and policies affecting mining operations; and title disputes. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Red Hut disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Download News Release – 2017-11-01

%d bloggers like this: