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Providence Gold Discloses Discovery of Significant Archived Report
(TheNewswire) May 4, 2022 – TheNewswire – Providence Gold M...
About this update from Providence Gold Mines Inc
[{"type":"text","content":"Providence Gold Discloses Discovery of Significant Archived Report \n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n May 4, 2022 – TheNewswire\n–\n \n \n Providence Gold Mines\n \n \n (TSXV:PHD) (OTC:PRRVF)\n(GR-FRANKFURT:7RH1)\n \n \n “the\nCompany”\n \n \n is extremely pleased to report that\nan archived report has been discovered in the files of a lawyer’s\noffice in Sonora, CA. The Company believes the historical reported\ntechnical information is to the standard of the day and is of\nsignificance as it further verifies the potential of the Providence\nGroup of Gold Mines. Excerpts from this historical report are as\nfollows:\n \n \n \n \n Composite Report June 16, 1933\n \n \n \n \n Author unknown but described as\n \n \n “…a composite report made up from the\nreports of William Bluett, William Chapman, Chas. R. Thompson, W. E.\nDean, and others which reports are available for inspection of\ninterested persons.”\n \n \n \n \n “These properties have been developed to a depth of\n1470 feet on the dip of the vein, with many thousands of feet of\nunderground workings, drifts, and crosscuts. They have produced\nmineralization credited with having yielded $1,500,000 worth of gold\nbullion and have at the present time many thousands of tons of\nlow-grade mineralization available, which, with modern machinery and\nequipment, can be worked at a profit. In the past only the high-grade\nmineralization was extracted, leaving the lower grade mineralization\nin place, although in many places fine ore has been developed and is\nnow available.\n \n \n \n \n The properties are in condition where, with reasonable\ndevelopment and the installation of modern equipment they can supply\nfor many years to come a 100 ton per day mill with sufficient\nmineralization to keep it running at its full capacity. The properties\nunder one management constitute a well-developed mine, ready for\nimmediate operation once it has been reopened and repaired. Of course,\nas additional development work is done more ore will be exposed and\nblocked out. Un-questionably, additional oreshoots and lenses of\nmineralization running over $2,500.00 to the ton in gold content. The\nlarger bodies of good milling material and low-grade mineralization\ncan be depended upon to pay a profit in operations so that th...