Business
Gold Discovery Target Confirmed
(TheNewswire) VANCOUVER – TheNewswire - June 7, 2021 - Provide...
About this update from Providence Gold Mines Inc
[{"type":"text","content":"Gold Discovery Target Confirmed\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n VANCOUVER –\n \n \n TheNewswire -\n \n \n June 7, 2021 - Providence Gold Mines Inc.\n(“Providence” or the “Company”) (TSXV:PHD)\n \n \n (\n \n \n OTC:PRRVF\n \n \n )\n \n \n is pleased to update on\n \n \n its field\nexploration program during the past several weeks which was designed\nto evaluate both a stockpile milling site and further conduct property\nwide field exploration. Mark Payne, P.Geo and David Turner, P.Geo\nverified the discovery of an additional gold occurrence.\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n Mark Payne P.Geo\n \n \n states,\n \n \n “Surface\nreconnaissance at the location of a previously reported circular\ngold-in-soil anomaly confirms the discovery of a localized coincident\nsericitic alteration bloom and there appears to be an association to a\nprominent cross-fault. This surface exploration gold target appears to\nbe situated north of, and in the footwall of the Fairplay Lode, which\nhosted the Providence North and South Ore shoots. This discovery\ntarget shows good potential and is planned be tested in the near\nfuture by trenching with a “Spydex” excavator and core drilling\nfrom existing roads\n \n \n ”.\n \n \n \n \n At the Bonita Mine, located at the northern end of the\nproperty, disclosed the presence of two separate barren sericitic\nalteration blooms which represent two new exploration targets in that\narea. Further reconnaissance in the Bonita area is warranted.\nTypically, intense barren sericitic alteration blooms constitute\nhigh-confidence exploration targets at Mother Lode Belt mine\nproperties.\n \n \n \n \n Further surface reconnaissance in underground\nexamination of the 600-ft Level developments provided an opportunity\nto examine the structural controls for the historic ore shoots and the\nvisual common denominators characterizing the historic mined\nhigh-grade gold mineralization.\n \n \n \n \n Examination of the geology in the Consuela Cross-Cut on\nthe 600 Level disclosed the potential for a bulk-tonnage exploration\ngold target situated north of the cross-cut and west of the historic\nMcCarthy North and South Ore shoots, localized adjacent to a prominent\ncross-fault.\n \n \n \n \n A pervasively sericitic a...