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News Could be a interesting day tomorrow !
PHD for Gold
Apparently the publication of a significant news shortly !
Bid 100000 to 0,1CAD
Big news coming !
Still breakout, looks good !
Breakout today
I can not explain why it went up so fast today when it opened. The fact is, PHD has awakened and will now rise steadily. I think there will be more information now.
PHD breakout !!!
June 5, 2020 -TheNewswire -Providence Gold Mines Inc. (TSXV:PHD)(OTC:PRRVF)("the Company")is extremely pleased to announce thatDr. Allen Alperhas accepted the appointment to join our committee of strategic advisors.
Ron Coombes states,"I have known Dr. Alper for a number of years. He has a wealth of mining experience and, having reviewed the project, Dr. Alper is delighted to work on our Strategic Advisory Board, with the Company and Professor Lee Groat, Professor of Earth Science at University of British Columbia."
Dr. Alper received a PhD in Economic Geology and Petrology from Columbia University in New York City. He has over 40 years of experience in the mining industry. He is a Fellow of the Geological Society of America.
Dr. Alper is the Founder, Editor-In-Chief and CEO of Metals News. He is the Founder and President of Alper Consulting. He has and continues to facilitate mergers, acquisitions, offtakes and funding for mining companies. He was a Director of Largo Resources, one of the largest producing vanadium miners in the world. He was Vice President and General Manager of OSRAM Sylvania and directed their tungsten powder and tungsten carbide businesses, the largest in the western world. He also directed its global molybdenum, rare earths, cobalt, & tantalum businesses.
In addition, he was President of Walmet Corporation, for Sylvania, in Detroit, Michigan. Previously, he was at Corning Glass Works, Corning, New York, as a Research Manager and a Senior Research Fellow of Ceramics. Dr. Alper has edited 11 books on high temperature materials and phase diagrams of metals and oxides. He served on Penn State's Materials Advisory Board. Dr. Alper was a member of the Pennsylvania Business Round Table. He holds 33 patents.
Dr. Alper states, "Iam looking forward to working with Providence Gold. After reviewing the recent data compilation, in my opinion Providence Gold Mines Inc. is an exceptional Gold Project, right here in the United States".
After weekend at the latest, the news spread. PHD has woken up and is now getting attention
More News !!
“Gold is where gold is ….”
A top geologist once said those wise words to Ronald Allan Coombes, the President, CEO and Director of Providence Gold Mines Inc. (TSX-V: PHD, OTC: PRRVF, Forum), and he’s applied that mantra to every project he’s been involved with since, but it has likely never been more true until now ….
Located in California’s Summerville Mining District in Tuolumne County, the Providence Group of Mines operates within the eastern belt of the “Mother Lode” District. The Mother Lode belt is home to a number of well-known mines that are rich in production, from where many millions of ounces of gold have been claimed.
Three miles east of the town of Tuolumne and 12 miles east of Sonora, via a good all-weather road, the Providence Group of Mines may just be sitting on a massive gold resource that has been left untouched for more than a century.
What this Company is out to accomplish couldn’t have happened at a better time. General reports from the Mother Lode district indicate that the mineralization increases in value with depth. Markets are changing rapidly due to the economic fallout from the COVID-19 coronavirus and anyone who has holdings in gold, given the rising trajectory of this commodity’s value, should do well in the near future.
Providence can expect impressive gains in its share price within the next 12 months if timing pays off, as it would appear that given current conditions of its projects and the market at large, they are working right in the eye of the storm.
Gold stockpile untouched in over a century:
The Mother Lode can be thought of like sitting in a cherry tree when all the cherries are ripe for the picking. The district had supplied operators roughly 128 million ounces of gold to date.
The Providence Group of Mines has a long history dating back 125 years when it opened. Operations were shut down in 1916 due to a fire, but at that time mining efforts yielded a probable recovery rate of up to 50%. Mining was executed through mechanical means on this property - no chemical processing was involved. The project was acquired by PHD in 2017.
Significant results were returned from trenching samples, producing minerals devoid of sulfides, essentially “free gold”. There were also no water quality issues noted, which would mitigate punitive enforcement from the Environmental Protection Agency. The Providence team did its homework on the neighbourhood to find out how mining friendly it is.
Most recently, the Company discovered stockpiles of what were thought to be waste rock. Upon testing, the samples were found to contain significant amounts of gold.
(Image via Providence Gold Mines.)
When the Providence team assessed the first stope and recovered 30,000 oz at 15 oz per ton of gold, they knew that had something special on their hands. Further geological testing of the stockpile of waste rock found on the project unveiled significant gold potential for 20,000+ oz/Au. The Company is now mobilizing to dig deeper and get a more accurate assessment of the size and grade found within this pile.
These mining and milling operations will take place on patented ground, which includes both surface and water rights, which means the Company is not dealing with the government. The Company will also be following regulatory requirements for mechanically re-processing the pile. Awaiting a depth profile, investors should be aware that this stock could jump after the release of this news.
Mineralization and development:
Looking at the veins stretching through the Providence Mines, one can see that they are in black slates that lie parallel with each other at roughly 45-degree angles, dipping in an eastern direction. The strike of the veins runs from south-east to north-west and the formation contains intermediate porphyry dykes and limestone.
Alongside these contacts, mineralized bodies have been frequently located, as they form high-grade shoots at various distances across the veins. These shoots of mineralization have been opened at various levels of the mine, where a large amount of ore has been extracted.
Under the Company’s development of the project, a double compartment shaft was sunk along the dip of the vein to a depth of 448 metres (1,470 ft.). A total of 12 drifts were run from the north and south of the shaft on 12 different levels, which lands roughly 426 metres from the mouth of the shaft. Crosscuts were run east to west from different levels to develop and capitalize on mineralized shoots found in parallel veins, some of which have been stopped out, while in others the mineralization is still reported to remain in place.
The metallurgy here is good and this is a strong indication that there is more gold still to be found, as the depth of mineralization and along the strike remain unknown.
For a deeper look at a 3D map of the project, watch this video:
[video]
Modern scanning technology:
Providence Gold Mines is utilizing cutting-edge exploration technology to advance this historic property. It is quite distinct tech and not yet widely used in the mining industry. As CEO Coombes described it, the Company is able to see a negative image on holes where every nook, cranny and fracture is exposed, making overall work on the project just that much more precise. This technology is believed to have as much impact on the mining industry as geophysics.
(Image via Providence Gold Mines.)
Thus far, the team has been able to stick to within 2 cm of a mile-long survey control. The same precise measuring was also done on the surface of the project with an airborne survey and the team intends to use it for their first drill program, planned at 3,900 metres digging beneath, among and between the property’s mineralized shoots. This flexible ability has been relatively unheard of in the industry and is a major advantage for this drill program, offering a decade’s worth of geological data in just weeks, while also being less expensive than traditional methods to model and design a drill program.
Private placement:
In May 2020; Providence closed the first tranche of its $500,000 private placement. The funds from this raise will go toward developing the potential resource in its stockpile. With its advanced data, the Company’s leadership wants to be able to determine the exact amount of volume and weighed average of the grade of gold. Since the grade would likely vary, a “nugget effect” is expected because of the type of deposit. This is all milled material, likely from 1894 to 1916. The first and second stopes were extremely rich
.
Well-rounded leadership team:
The experienced team at the helm of Providence Gold Mines comes from a wide range of backgrounds with a deep level of knowledge.
President & CEO – Ronald Allan Coombes had been involved in management of public companies and specialized in mineral exploration for over 20 years and has raised significant funding in North America and internationally for various projects. With the Storie molybdenum deposit near Cassiar in northern British Columbia, where 139 holes were drilled and the market cap shot up in a mere 12 months.
Head of Exploration - Bryan Ray PGeo has more than 38 years of global exploration experience, including over 20 years as a consulting geologist, where he was key in the discovery and advancement of several deposits including Hope Bay (12.3 million ounces) gold deposit in the Nunavut, Canada, and the Toruparu gold deposit in Western Guyana.
Chief Financial Officer - Scott Davis is a chartered professional accountant and had been involved for full-service accounting and management services for private and publicly listed mining companies over the past decade.
Advisor – Lee Groat is a professor of Earth Science at the University of British Columbia. In 2009, the new mineral groatite, NaCaMn2+2(PO4)[PO3(OH)]2, was named in his honour. Professor Groat is a Past-President of the Mineralogical Association of Canada. In 2019 he was awarded the Leonard G. Berry Medal for distinguished service to the Mineralogical Association of Canada. CEO Coombes called him “A health of info on worldwide deposits” and added that they both agree that the Providence property is a potential multimillion oz gold deposit.
Opportunity frozen in the passage of time:
Looking to the near-term horizon for the Company, CEO Coombes stated that the immediate operational goal is to further develop the stockpile, rather than advance production. This is due to how the spread of the coronavirus has forced the hands of many businesses to shift their priorities, but it hasn’t meant that Providence has had to grind to a halt, if anything it has only proven the value of its resource even further.
Providence can only work the ground from March to November due to weather conditions.
Timeline:
Late June - July 2020 - Leadership is planning to get back to the site
August 2020 - The strategy is to get a proper profile by sampling to determine how long a grind is needed to get the best recovery
Late Summer 2020 - Results would be expected back in around five weeks, with a report slated two to three weeks after that
October 2020 - A technical report on the stockpile with potential inferred resource is anticipated by this time and the Company can move on from there
There is a bull market coming like none of us have ever seen before:
Click to enlargeThe deposit that Providence Gold Mines has on its hands could be a significant money maker. Once property development underway, Company could be turning out significant cash flow every 30 weeks.
If this stockpile proves to be just what Providence’s leadership believes it to be, the Company has hit a home run without even drilling any holes … that does not happen often in this industry.
The grades on this deposit are so high, the Company could not ignore it. While many other operators pay money to produce gold off its tailings, this Company is looking to make money off its gold, rather than pay to produce it.
If this stockpile does not work out, the hard rock is still there – six deposits that have all proven to have significant gold potential and now the Company just needs to determine exactly where that gold is. Instead of a grassroots project that has never produced anything, Providence has ownership of several mines on a property that has historically produced many oz per ton, and it is safe to think it can produce more. Investors should keep track of Providence Gold Mines Inc. to see what develops.
PHD in focus !
PHD now work with platform Stockhouse and that’s very good !!
News out :
Mines Inc, (the Company), (TSXV:PHD) (OTC:PRRVF), is pleased to announce that it has entered into a second amended agreement with the Lessor extending the existing lease with option to purchase the Providence Mine properties in Tuolumne County, California USA, located near Sonora California consisting of 65 acres of fee simple land and 22 additional mining claims on US federal lands in the famous Motherlode mining district for a further five years. The agreement is subject to regulatory approval.
News out !!
May 20, 2020 - TheNewswire - Vancouver, BC - Providence Gold Mines Inc. (the "Company") (TSXV:PHD) (OTC:PRRVF)is pleased to announce that we have engaged to become a member of Stockhouse to ensure each shareholder and interested investor can stay up-to-date with corporate developments as well as have an opportunity to be engaged through a social media portal. The interactive structure of the portal provides for an opportunity for shareholders to become a part of the communication process and support the development of the Company's investor audience.
"We look forward to working with Providence Gold Mines. The Company has an exciting story and we are keen to introduce it to our massive investor community. Globally, we work with many gold explorers and producers, and investors have never been as keen on the sector as they are right now," said Jag Sanger, CEO of Stockhouse.
Ron Coombes states "we have been anxiously awaiting the COVID 19 pandemic to subside and now as both the United States and Canada plan reopening of their borders we are excited about getting back to business."
Attention PHD will publish great News tomorrow.
News tuesday!
Experts expect a further explosion in the gold price in the coming years. Do not miss the next rapid opportunity for multiplication in the booming gold sector again ! My opinion!
Great news on Tuesday ! I wrote to Coombes again great News on Tuesday!
PHD NEWS shortly !!
I believe that there will be numerous purchases starting today. we will have a large volume until Friday or Monday because everyone wants to be invested to be there in time for the news to be published in Friday or Monday
https://www.providencegold.com
PHD is working on News. Friday i think.
News ready perhaps today too
Attention to PHD...
Last Thursday CEO Coombes said: „News out next days“
https://www.providencegold.com
Attention to PHD ! News coming next days said CEO Coombes
And the News will be good!
Perhaps news tomorrow !
the next few days there will be news, CEO Coombes just announced this. rocket starts
Yes, i read Stockhouse and post it here.
We get great update by PHD shortly.
Situation roll over here when Coombes releases the updates !
PHD has an exceptional team, the quality work completed to date makes this an extremely attractive venture with great upside potential.
That POST you have to read !!
i am often in contact with the CEO of PHD...
i think as i wrote it, PHD becomes a BIG GOLD PLAYER ! Read the Mail of CEO Coombes :
"We are all very well and working away. and although the virus has caused
delays and others even worse, The emerging gold market could not look better than ever..
While all the panic and market hysteria has taken grip we have continued to forge forward.
As the world shifts its investment strategies we are in the right place at the right time prepared
with our stockpile and our proposed drill program of 2,900m PHD is ready and as the attention to gold
is beginning to escalate and we await the audience patience while we organize and ready ourselves for the Bull Market in GOLD!"
i think the gold rocket starts shorty!
Tomorrow ?
Update shortly !
there is probably an update that will make the course rise sharply
Attention for PHD !!!
I only write so much at the beginning to get your attention ... I opened the board yesterday. PHD has a lot of potential and the rocket is just launching
Candle stick, rocket starts, Go PHD
Green today and going Over 0.1
Perhaps with News of PHD it could be a rocket.
BID is very good !!
Ist could be very Green today!
PHD breakout shortly !
I believe PHD will break into record territory shortly.
Market Start today is very interesting!
Attention to Providence Gold Mines
Gold stocks has been among the most sought after what the market has to offer. The logic is easy to understand: in addition to a crisis currency, gold-plated gold protects against inflation. The renewed money-printing orgy of the real central banks to perceive the aftermath of the corona virus will leave its traces over years of clear origin, so that gold becomes a double crisis winner! You can see how fast the sentiment in the sector can turn in the mainstream press. A short while ago, gold (and also gold stocks) was almost dead, an antiquated asset class that you don't really need! You know, this is autumn !!! In the second, the front pages are full of gold.
Nobody can no longer believe to protect this sector or to belong in the investment spectrum. The age of gold, silver and the right mining stocks worked!
Countless gold deposits and current high-quality drilling results show the district's potential as a first-class gold district!
"Mother Lode Belt" Area -Incredible infrastructure advantage! The majors are looking for possible takeovers!
Companies with high-grade deposits get above-average stock market valuations! PHD will soon enter this league!
Tomorrow another green going to 0.15 - 0.2
with upates/News!
WKN: A2DUSU | Symbol: PHD