Business
Update on the Drilling at Providence Group of Gold Mines
(via TheNewswire) May 23, 2019 / TheNewswire / Vancouver, BC - Providence Gold ...
About this update from Providence Gold Mines Inc
[{"type":"text","content":"Update on the Drilling at Providence Group of Gold Mines(via TheNewswire)\n \n \nMay 23, 2019 / TheNewswire / Vancouver, BC - Providence Gold Mines Inc.(TSX-V: PHD)(\"the Company\") is pleased to announce that that the Company is core drilling HQ holes is now underway at its Providence Group of Gold Mines, located in the historic Motherload Gold District of California. The Providence gold property is located in the foothills of the Sierra Nevada mountain range just east of the city of Sonora California. The first phase of a planned two phase drilling program, (the first drill program ever performed on this past historical high grade producer), is designed to intersect the Providence vein system near surface and along strike.\n\n\n \nJohn Kowalchuck, P.Geo and VP of Exploration states \"We are very encouraged that three of the first four holes intersected the historic past gold producing Providence vein system.\" \n\n\n \nSamples are now on their way to Bureau Veritas Analytical Laboratory in Sparks, Nevada for analysis. The results will be released when they have been received. When the assays have been interpreted, the phase two drill program will begin. \n\n\n \nFurther updates of the rest of the first phase of drilling will be released as the logging becomes available. \n\n\n \nA brief summary of the logged core which intersected the Providence vein system is as follows: \n\n\n \nDrill Hole #1 was drilled in the footwall of the vein and missed the target. \n\n \n \nDrill Hole #2 intersected 20.5 metres (67.3 ft) of the zone for a true width of 8.0 metres (26.2 ft)\n\n\n \nDrill holes # 1 and # 2 are drilled from the same drill site since the collar was below the vein. Drill hole #2 was drilled downdip to intersect the vein at a shallow angle.\n\n \n \nDrill Hole # 3 intersected 1.8 metres (5.9 ft) of the vein\n\n\n \nDrill hole # 3 is 38 metres (124.6 feet) north of drill holes #1 and #2\n\n \n \nDrill Hole #4 intersected 3.1 metres (10.8 ft) of the vein for a true width of 2.4 metres (8.4 ft)\n\n\n \nDrill hole #4 is 51 metres (167.2 feet) north of drill hole #3.\n\n \n \nQualified Person\n\n\n \nJohn Kowalchuk, P. Geo, a geologist and qualified person (as defined under NI 43-101) has read and approved the technical information contained in this news release.\n\n \n \nWe invite all shareholders and stakeholders to join the P...