For thousands of other reports visit RSC's Mineral Intellingence Map
Providence Gold Mines Inc.
Summary
| Project: | Providence | |
|---|---|---|
| Deposit: | Providence | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 7/16/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-7-2019: Providence Gold Mines Inc. announces an Exploration/Drilling Update report for its Providence deposit at the Providence project. Drilling results incl. 1.00m @ 4.958g/t Au from 22.88m. Providence Gold Mines Inc. (TSX-V: PHD) (“the Company”) Pro | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Brian Ray (Internal) | |
| ABSTRACT: | Providence Gold Mines Inc. (TSX-V: PHD) (“the Company”) Providence Gold Mines Inc. (TSX-V: PHD) (“the Company”) is pleased to announce further field evaluation on its Providence property in the historic Mother Lode Gold District of California, just east of the city of Sonora. Described herein is the first phase of a planned two-phase drilling program (the first drill program ever performed on this past historical high-grade producer). The first phase of the drilling program contained 13 HQ size core holes (Figure 1, Table 1) designed to test south-central part of the vein system near-surface along the strike of over 300 meters, totaling 562 meters of drilling. This has given the Company good confidence for the upcoming second phase of drilling. Further evaluation of the drill core has identified several unsampled zones (figure 2) of significant alteration. This core is being split and sent to the lab this week. The objectives of this additional sampling program are to confirm that near surface zones of significant mineralization have gone undetected and to develop a better understanding of the geological and structural controls of the gold mineralization. The company anticipates that our prudent geological understanding of the mineralization footprint and controls will lead to new mineralized exploration targets near surface with the expectation of expanding both the historically mined mineralized zones and lead to the discovery of new zones of high-grade mineralization. Five of the drill holes intersected the Providence trend, extending the zone by 100 meters to the north. The drilling also intersected five near-surface anomalous gold targets. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report