Providence Mining TSXV:PHD

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10 months 2 days ago #125797 by lynnsa10
lynnsa10 replied the topic: Providence Mining TSXV:PHD
Nice move in the stock, I bought more last week after Ron's update. Anxious to see drill results

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1 year 1 month ago #125328 by Gambler
Gambler replied the topic: Providence Mining TSXV:PHD
Yes, they raised some $$ and the stock has edged higher

Further to the news release dated July 10, 2020, wherein Providence Gold Mines Inc. increased the private placement to $800,000, the company has received exchange approval to further increase the private placement up to $1.2-million. The company is expecting to announce the closure of the placement late next week.

Program Update

The Company is currently seeking bids, (locally near the town of Sonora California), to grid auger drill the stockpile of historically milled material to further determine the volume of milled material which reportedly produced 225,000 ounces of gold until shut down due to a dispute in 1916.

The protocol is to assay at 2 meter intervals and once results are substantiated then to bulk sample the material to determine the best recovery methods

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1 year 3 months ago #125158 by alexgreat
alexgreat replied the topic: Providence Mining TSXV:PHD
I am still holding, should come alive soon

June 5, 2020 - TheNewswire - Providence Gold Mines Inc. (TSXV:PHD) (OTC:PRRVF) ("the Company") is extremely pleased to announce that Dr. Allen Alper has accepted the appointment to join our committee of strategic advisors.

Ron Coombes states, "I have known Dr. Alper for a number of years. He has a wealth of mining experience and, having reviewed the project, Dr. Alper is delighted to work on our Strategic Advisory Board, with the Company and Professor Lee Groat, Professor of Earth Science at University of British Columbia."

Dr. Alper received a PhD in Economic Geology and Petrology from Columbia University in New York City. He has over 40 years of experience in the mining industry. He is a Fellow of the Geological Society of America.

Dr. Alper is the Founder, Editor-In-Chief and CEO of Metals News. He is the Founder and President of Alper Consulting. He has and continues to facilitate mergers, acquisitions, offtakes and funding for mining companies. He was a Director of Largo Resources, one of the largest producing vanadium miners in the world. He was Vice President and General Manager of OSRAM Sylvania and directed their tungsten powder and tungsten carbide businesses, the largest in the western world. He also directed its global molybdenum, rare earths, cobalt, & tantalum businesses.

In addition, he was President of Walmet Corporation, for Sylvania, in Detroit, Michigan. Previously, he was at Corning Glass Works, Corning, New York, as a Research Manager and a Senior Research Fellow of Ceramics. Dr. Alper has edited 11 books on high temperature materials and phase diagrams of metals and oxides. He served on Penn State's Materials Advisory Board. Dr. Alper was a member of the Pennsylvania Business Round Table. He holds 33 patents.

Dr. Alper states, "I am looking forward to working with Providence Gold. After reviewing the recent data compilation, in my opinion Providence Gold Mines Inc. is an exceptional Gold Project, right here in the United States".

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1 year 9 months ago #123989 by Gambler
Gambler replied the topic: Providence Mining TSXV:PHD
It has been very quite here, stock has been range bound but I did buy a bit more at 11 cents

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2 years 1 week ago #123509 by GoldnBoy
GoldnBoy replied the topic: Providence Mining TSXV:PHD
Yes 2019-09-05 12:35 ET - News Release


Mr. Ronald Coombes reports

PROVIDENCE APPOINTS STRATEGIC COMMITTEE ADVISOR

Joseph A. Carrabba has accepted the appointment to join Providence Gold Mines Inc.'s committee of strategic advisers.

Mr. Carrabba has recently been appointed executive chairman of Winston Gold Corp. He also serves as a director on the boards of Timken Steel Corp., Aecon Group and NioCorp. He recently stepped down from the board of Newmont Gold where he served for 10 years as the chair of the safety and sustainability committee.

Mr. Carrabba also served as a chairman, president and chief executive officer of Cliffs Natural Resources Inc., a publicly held international mining and natural resources company, from 2006 until his retirement in 2013.

Prior to joining Cliffs, Mr. Carrabba gained broad experience in the mining industry throughout North America, Asia, Australia and Europe. He was the former general manager of the Weipa bauxite operations of Comalco Aluminum and served in a variety of leadership roles with Rio Tinto, most significantly as president and CEO of Rio's Diavik diamond mine.

Mr. Carrabba holds a bachelor's degree in geology from Capital University and an MBA from Frostburg State University in Maryland.

After visiting the historic, high-grade producing Providence group of gold mines in late August. Mr. Carrabba stated, "I am excited about the potential for the property to host significant gold mineralization."

Ron Coombes states, "The company very much looks forward to working with Mr. Carrabba as we continue to explore the past-producing Providence group of gold mines property."

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2 years 1 week ago #123498 by Gambler
Gambler replied the topic: Providence Mining TSXV:PHD
Great addition to management team. Heard he has large position in the stock

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2 years 1 month ago #123259 by RonS
RonS replied the topic: Providence Mining TSXV:PHD
Market book for PHD, lots of bids at 9 and 10

Attachments:

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2 years 2 months ago #123111 by GoldnBoy
GoldnBoy replied the topic: Providence Mining TSXV:PHD
Great they are finding gold near surface, sounds like next drill program will target the old high grade veins

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2 years 2 months ago #123110 by Gambler
Gambler replied the topic: Providence Mining TSXV:PHD
2019-06-27 10:15 ET - News Release


Mr. Ronald Coombes reports

UPDATE ON PHASE I DRILL PROGRAM AND EXPLORATION; CORPORATE UPDATE

Providence Gold Mines Inc. has released preliminary results from its phase 1 drill program at the Providence group of gold mines, located in the historic Motherlode 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. This is the first phase of a planned two phase drilling program, and the first drill program ever performed on this past historical high grade producer.

Designed to test the vein system near surface and outline additional phase two drilling targets, phase one consisted of 13 HQ size core holes. A small portion of the Fairplay vein was tested for 300 metres along strike, for a total of 562 meters drilled. Five of the drill holes intersected the Providence trend, extending the zone by 100 meters to the north. Drilling also intersected five near-surface anomalous gold targets within the Fairplay vein ranging from 1.0 g/t to 3.7 g/t Au, over an average width of approximately 3 meters.

Assay results have been received from Bureau Veritas Analytical Laboratory in Sparks, Nevada . Further updates on the first phase of drill program, along with assay results, will be released as soon as possible. .

Overall, the first phase drill program results are very encouraging, having confirmed the location of the Fairplay vein system at surface and enabling the Company to focus on the structural controls of the mineralized shoots.

With the recent completion of an access road, the Company is now able to drill several high priority targets - including the Mexican and McCarthy veins - during its second phase of drilling. The Mexican and McCarthy mines reported historical recoveries of 4 and 5 ounces of gold per ton, respectively, and have only been mined to a 100 foot depth (30 metres). Underground drifts from the Providence workings had been planned, but not completed, prior to shut down in 1916.

Recently, a brief examination of the historical stockpile a sample bearing visible gold was discovered. The Company intends to conduct a comprehensive testing program of the stockpile using an excavator. A set of exploration pits will be excavated and representative samples will be collected for gold analysis and measuring specific gravity. At this time, the potential quantity of the stockpile material is conceptual in nature but an accurate determination of the location, volume and tonnage of the stockpile will result in the target being delineated as a mineral resource.

Corporate Update

The Company announces that Mr. David Eaton has resigned from the Company's Board of Directors effective June 18, 2019. " On behalf of the Board and the Company, I would like to thank Dave for his time and dedication to Providence Gold Mines during his tenure on the Board and wish him all the best in his future endeavours ," stated Mr. Ronald Coombes, Chief Executive Officer.

The Company will be seeking a mining engineer to fill the vacant Board seat, to both strengthen its technical team and meet future technical needs.

The Company further announces that it proposes to enter into a shares for debt agreement with Baron Global Financial Canada Ltd. ("Baron") to settle accounts payable of $24,000 through the issuance of 200,000 common shares at a deemed average price of $0.12 per share (the "Debt Transaction"). The Company will have a first right of refusal to purchase up to 100,000 of the Debt Settlement shares at a fixed price of $0.10 per share.

The common shares proposed to be issued under the Debt Transaction will be subject to a four month hold period from the date of issuance in accordance with applicable securities laws. The issuance of common shares as contemplated in the Debt Transaction is subject to the prior approval of the TSX Venture Exchange.

The Debt Settlement is considered a "related party transaction" pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"), as Baron is related to the Company via a common director. The Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the Debt Settlement in reliance of sections 5.5(a) and 5.7(a) of MI 61-101, on the basis that participation in the Debt Settlement by Insiders did not exceed 25% of the fair market value of the Company's market capitalization.

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2 years 3 months ago #123005 by alexgreat
alexgreat replied the topic: Providence Mining TSXV:PHD
I added a bit more to my position, should be drill results out soone

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2 years 3 months ago #122941 by davplan
davplan replied the topic: Providence Mining TSXV:PHD
I too have started to build a position also in CLM which would be another topic (both recommended by Ron). On Zonte I have big position like many, sold some round 30 cents but not enough. There was way too much enthusiasm for Zonte and juniors were getting killed so Zonte had to eventually be sold off too. Look at GBR and WHN which have equal or better prospects to Zonte and they got sold off heavily at times to so Zonte's weakness is not unexpected in this brutal bear for juniors. I have large positions in WHN and GBH as well and bought down on weakness in both and Ron's suggestion to do same on Zonte once it shows signs of a bottom makes a lot of sense.
Good luck all and appreciate everything posted on this site. It is a tough time and support from others who buy this sector is helpful and needed. Robin

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2 years 3 months ago #122939 by alexgreat
alexgreat replied the topic: Providence Mining TSXV:PHD
Great idea to start a topic. I bought some stock and look forward to drill results. Very interesting similar trading to Zonte. I wondered why the stock came down so much

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