(via TheNewswire)
Additionally, the Company announces that, subject to final regulatory approval, it has completed a small private placementof 1,236,860 units at a price of
An Insider participated in the Private Placement, and no finders’ fees were paid in connection with the private placement.
Project Achievements and Plans:
Since optioning the
The planned first phase of 4,000-meter of HQ core drilling is designed to verify the gold targets projected near surface. For more information on the enhanced modeling used to develop the drill program can be found on the Company website at the following link:
https://providencegold.com/enhanced-real-time-drill-target-modeling/
Project Benefits:
Gold has always been a good hedge against financial uncertainty.
Multiple significant modeled Gold Targets
Politically safe, mining friendly community located in the
USA .Patented past producing private lands.
Good share structure
Project Summary:
Potential > 1 million Ounce modelled gold targets
Funding required:
Project Funding Amount: $1.3M USD (
Project Start Date: ASAP
Project Completion Date: Project drilling completion is estimated to take 4 months from receipt of funds.
Project Location:Mining friendly,
Historically, the property milled a reported 225,000 ounces of high-grade gold and has sat idle for over 100 years since the profitable mining operations were ceased in 1916 due to a legal dispute, followed by major wildfires, and the Spanish Flu Pandemic of 1918.
This information is historical and reported to the standards of the day we caution the reader that it is not too current NI43101 compliance standards.
News Releases and other Web Links:
Walk-through at the 600-level underground mine using state-of-the-art 3D-LIDAR modelling ()
McCarthy Mine Results 3.77 Kg Sample Yields 77.0 to 97.0 Grams Gold (https://providencegold.com/providence-gold-mines-announces-mccarthy-mine-results-3-77-kg-sample-yields-77-0-to-97-0-grams-gold/
Providence Gold Discloses Discovery of Significant Archived Report (https://providencegold.com/providence-gold-discloses-discovery-of-significant-archived-report/)
Latest news release with video of Enhanced Modelling for Drill Targeting (https://providencegold.com/enhanced-real-time-drill-target-modelling/)
Our Geological Team:
Company’s Qualified Person Dr.
Company’s Registered
of experience in the California Mother
ON BEHALF OF THE BOARD
"Ronald Coombes"
Phone: (604) 724-2369
Email:rcoombes@providencegold.com
STAY TUNED! VISIT OUR WEBSITE FOR MORE DETAILS
www.ProvidenceGold.com
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