Vancouver, BC Providence Gold Mines Inc.(TSX-V: PHD)(“the Company”) is pleased to announce that that the Company is core drilling HQ holes is now underway at its Providence Group of Gold Mines, located in the historic Motherload Gold District of California. The Providence gold property is located in the foothills of the Sierra Nevada mountain range just east of the city of Sonora California. The first phase of a planned two phase drilling program, (the first drill program ever performed on this past historical high grade producer), is designed to intersect the Providence vein system near surface and along strike.
John Kowalchuck, P.Geo and VP of Exploration states “We are very encouraged that three of the first four holes intersected the historic past gold producing Providence vein system.”
Samples are now on their way to Bureau Veritas Analytical Laboratory in Sparks, Nevada for analysis. The results will be released when they have been received. When the assays have been interpreted, the phase two drill program will begin.
Further updates of the rest of the first phase of drilling will be released as the logging becomes available.
A brief summary of the logged core which intersected the Providence vein system is as follows:
Drill Hole #1 was drilled in the footwall of the vein and missed the target.
Drill Hole #2 intersected 20.5 metres (67.3 ft) of the zone for a true width of 8.0 metres (26.2 ft)
Drill holes # 1 and # 2 are drilled from the same drill site since the collar was below the vein. Drill hole #2 was drilled downdip to intersect the vein at a shallow angle.
Drill Hole # 3 intersected 1.8 metres (5.9 ft) of the vein
Drill hole # 3 is 38 metres (124.6 feet) north of drill holes #1 and #2
Drill Hole #4 intersected 3.1 metres (10.8 ft) of the vein for a true width of 2.4 metres (8.4 ft)
Drill hole #4 is 51 metres (167.2 feet) north of drill hole #3.
John 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.
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, President & CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
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.