Drilling To Start At High Grade Gold Property
Providence Gold Mines is preparing to drill its’ high grade gold property, a past-producing project in the California Mother Lode District. Providence Gold has the potential to become a significant gold producer.
Focused in the California’s “Mother Lode” District. The Company believes using modern exploration, extraction methods the Providence Gold Mines has development potential to become once again a significant gold producer.
Motherlode District Deposits are historically very deep, easily traced down dip to 3,000-5,000 ft. The formation of the Providence Mine has many similarities to great mines of Mother Lode District. Providence Mine has only been explored and developed to 1,200 ft. leaving potentially significant further expansion at depth.
Providence Gold Mines has announced that a soil sampling program completed at its Providence Gold Property has outlined several gold in soil anomalies. The anomalies occur along a 1300 metre strike length between the Bonita workings located at the north end of the property and the past producing Providence Gold Mine located to the south. The Company believes these surface anomalies potentially represent existing and new gold bearing shoots. Within the trend, soil samples returned values of up to 7.33 g/t Au that are coincident with the trace of the vein as determined by recently completed surface and underground mapping.
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