FRANKFURT EXCHANGE: 7RH1-F NR-26- 06 La Dama de Oro Gold Phase Two Exploration Update
TSX-V:PHD
OTC-PINKS: PRRVF
FRANKFURT EXCHANGE: 7RH1-F
NR-26- 06
La Dama de Oro Gold
Phase Two Exploration Update
VANCOUVER – June 29, 2026, Providence Gold Mines Inc. (“Providence” or the “Company”)
further to the May 11, 2026, news release the Company is pleased to announce completion of its
second phase of exploration stockpile target sampling at its La Dama de Oro gold and silver
property, located near the City of Victorville, California.
The sampling was overseen and delivered to the American Assay Lab by the Company’s California
registered geologist, Mark Payne P.Geo. #7067 under the guidance of the Company’s Independent
Qualified Person Dr Lee Groat who has reviewed, verified, and approved the technical information
contained in this news release as required under NI 43 101.
The first phase of the Company’s exploration target stockpile trench sampling successfully resulted
in locating an estimated volume of 600 to 650 tons. The volume was quantified by using the known
slope, the width, the length, and the depth of the stockpile material. Continuous trench sampling
results returned assays from 0.032 ounce per ton (1.1 grams per tonne} to 0.233 ounce per ton (8.0
grams per tonne)
The second phase of exploration targeting was designed to increase the volume of stockpile material
for the 1,000 ton (909 tonne) permitted bulk sample.
NOTE OF CAUTION
The potential quantity and grade are conceptual in nature; there is insufficient exploration to define
a mineral resource, and it is uncertain if further exploration will result in the target being delineated
as a mineral resource.
New Underground Vein Discovery
Additionally, Mark Payne P.Geo. discovered a 1.5-foot wide (0.22 m) lode zone in the La Dama De
Oro mine workings at the 4180-ft level (1274 m L). The new exploration target was channel sampled
at the westernmost underground exposure of the historically productive Mojave Girl vein structure.
The channel sample was delivered to American Assay Labs, and results are pending.
Work underway:
The Company continues to evaluate an under-explored system of both E-W and N-S trending gold-
bearing quartz veins evident at the La Dama De Oro property. Historic high-grade gold production
was derived from three separate E-W striking lodes, the Mojave Girl, Tarantula, and Mojave Boy
veins. The Tarantula, Mojave Boy, and strike extensions of the Mojave Girl lode have not yet been
evaluated by the Providence team. Geophysics and trenching of this area are being considered; as
the N-S, trending lodes were not systematically prospected or developed in the past. They are
strongly mineralized and remain excellent exploration targets, particularly at locations where they
(project to) intersect or join the productive E-W striking lodes. In addition to the above features; a
zone of sheeted vein stockworks with visible mineralization was discovered on the adjoining
mountain side. Further work is being planned to determine the significance of that occurrence.
All the samples from phase two have been delivered to American Assay Labs of Sparks, Nevada
for either 1000 gram screened metallic fire assay or 30-gram conventional fire assay analyses.
The Property:
The La Dama de Oro gold property is a historical high-grade gold producer and has permits for
water, road, environmental, plan of operations, and mill site, and is approved for a bulk sample. The
Property has not yet been drilled and is currently undergoing modern-day scientific target exploration
which provides an excellent untapped opportunity to identify NI 43 101 compliant resources.
The largest mined vein (Mojave Girl) is 5 feet at its widest point and remains open both down dip
and for over 6,000 feet along strike. The gold system has potential, not just within the La Dama de
Oro and Tarantula and other known veins, but as well for additional discoveries.
For more information, please contact Ronald Coombes, President, and CEO of the Company.
Ronald A. Coombes, President & CEO
Phone: 604 724 2369
Email [email protected]
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Neither the OTCQB and or the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or
results constitute forward-looking statements. All statements, other than statements of historical fact, included herein, including, without
limitation, statements relating to the permitting process, future production of Providence Gold Mines, budget and timing estimates, the
Company’s working capital and financing opportunities and statements regarding the exploration and mineralization potential of the
Company’s properties, are forward-looking statements. Forward-looking statements are subject to business and economic risks and
uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward- looking
statements. Important factors that could cause actual results to differ materially from Providence Gold Mines expectations include fluctuations
in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade
of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and
the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms
of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program
milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking statements are based on
estimates and opinions of management at the date the statements are made. Providence Gold Mines does not undertake any obligation to
update forward-looking statements except as required by applicable securities laws.
Investors should not place undue reliance on forward-looking statement