(TheNewswire)
TheNewswire - April 27, 2021 - Providence Gold Mines “theCompany ” (TSXV:PHD)(OTC:PRRVF) is pleased to report success on its bulk sampling and processing test work of thefirst of several stockpiles. The first stockpile remains open in sizeand is just one of several historical, (pre-1916), stockpiles withinthe Providence property which is located near the city of Sonora inCalifornia.
As previously reported in the News Release datedFebruary 24 th , 2021, the Company commissioned FLSmidth to conductstandardized extended gravity recovery gold ( EGRG ) processing testwork. This included two stages of progressive comminution and threestages of progressive gravity concentration using Knelsonconcentrators. Two composite batches utilizing 22 kg of material wereproduced using coarse assay rejects (-2 mm crush) from the 2019sampling program.
The higher grade composite yielded a calculated headgrade of 13.7 g/t Au. After simple crushing to -2 mm (P80 of 836 um),49.7% of the gold was liberated and recoverable, and after secondstage grinding to a P80 of 88 um 77.4% of the gold was liberated andrecoverable.
The medium grade composite yielded a calculated headgrade of 1.47 g/t Au. After simple crushing to -2 mm (P80 of 917 um),35.9% of the gold was liberated and recoverable, and after secondstage grinding to a P80 of 90 um 61.6% of the gold was liberated andrecoverable.
Gold grain size classification determined that therecovered gold particles in the historical stockpile still classify ascoarse to very coarse.
The Company has now commissioned sourcing of equipment to Big Rock Consulting Inc. head office located in Kelowna,British Columbia. Big Rock specializes in the mining industry, withdecades of experience in design, crushing, grinding and all aspects ofmilling.
Lee Groat Ph.D. P. Geo and Q.P. states , “the bulk samplingresults demonstrate that the gold within the stockpile material iseasily recoverable. Although the stockpile is non-compliant as a NI43-101 resource, progress to move forward with independent processplant design work and optimization for re-milling and re-processing ofthis historical stockpile of material is warranted andunderway.”
Qualified Person:
Dr. Lee Groat Ph.D., P.Geo. is the Company’squalified person (as defined under NI 43-101 and
has read and approved the technical informationcontained in this news release}.
ON BEHALF OF THE BOARD
"Ronald Coombes"
Ronald A. Coombes, President & CEO
Office: (604) 688-8200
Email: info@providencegold.com
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All statements, trendanalysis and other information contained in this press releaserelative to markets about anticipated future events or resultsconstitute forward-looking statements. All statements, other thanstatements of historical fact, included herein, including, withoutlimitation, statements relating to the permitting process, futureproduction of Providence Gold Mines, budget and timing estimates, theCompany’s working capital and financing opportunities and statementsregarding the exploration and mineralization potential of theCompany’s properties, are forward-looking statements. Forward-looking statements are subject to business and economic risks anduncertainties and other factors that could cause actual results ofoperations to differ materially from those contained in the forward-looking statements. Important factors that could cause actual resultsto differ materially from Providence Gold Mines expectations includefluctuations in commodity prices and currency exchange rates;uncertainties relating to interpretation of drill results and thegeology, continuity and grade of mineral deposits; the need forcooperation of government agencies and native groups in theexploration and development of properties and the issuance of requiredpermits; the need to obtain additional financing to develop propertiesand uncertainty as to the availability and terms of future financing;the possibility of delay in exploration or development programs anduncertainty of meeting anticipated program milestones; and uncertaintyas to timely availability of permits and other governmental approvals.Forward-looking statements are based on estimates and opinions ofmanagement at the date the statements are made. Providence Gold Minesdoes not undertake any obligation to update forward-looking statementsexcept as required by applicable securities laws. Investors should notplace undue reliance on forward- looking statements.
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release
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