Increases Private Placement
Providence Gold Mines Inc.
Increases Private Placement
July 10, 2020 TSX-V: PHD
OTC: PRRVF
Providence Gold Mines Inc. (the “Company”) is pleased to announce further to the news release
of June 29th wherein the Company had closed a first tranche of the private placement has applied
for an extension to accommodate investors who were unable to complete their subscriptions
because of delays caused by COVID-19. Due to significant interest the Company has increased
the NBPP from $500, 000 to $800,000 CDN.
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.
Qualified Person:
Brian Ray M.Sc., P.Geo. Head of Exploration and a qualified person (as defined under NI 43-101)
has read and approved the technical information contained in this news release.
ON BEHALF OF THE BOARD
"Ronald Coombes"
Ronald Coombes, President & CEO
Mobile: 1- 604- 724-2369
Neither 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.