New Technology Identifies Extensions to One of Providence Gold Veins
November 7, 2017 Trading Symbol: PHD
News Release
New Technology Identifies Extensions to One of
Providence Gold Veins
VANCOUVER, BRITISH COLUMBIA - Providence Gold Mines Inc. (TSXV: PHD) ("Providence" or the
"Company") is pleased to announce results from an underground 3-D Laser Scan Survey.
As reported on September 25, 2017 the Company commissioned Aero Geometrics of Vancouver, British
Columbia to complete a 3-D Laser Scan Survey of the six hundred level of the historical Providence
Mine.
Prior to the survey , the Company completed both geological mapping and channel sampl ing of the 600
level workings . Amongst other details , the survey delineated fine characteristics of the Providence
quartz vein system within the drifts, crosscuts and stopes.
Examination of the survey results revealed where the vein diverges from the main 600 level access drift
and re-enters on the 600 level at the Consuelo drift 263 metres along strike to the north.
The Company previously recognized the diversion; however, it was poorly understood until now. With
the assistance of this new tech nology, the extension to the Providence Vein can be clearly identified.
Geological mapping suggests that the Providence Consuelo, Bonita, Mexican and McCarthy veins are all
part of the same vein system which we now refer to as the “Providence Vein ” system which has a strike
length of 2.2 km.
Tim Daly of Aero Geometrics of Vancouver, British Columbia states,
“Aero Geometrics Ltd. would like to thank Ron Coombes and Providence Gold Mines for the opportunity
to work together on the project at the Providence Mine. To benefit from the knowledge discovered by
the 3D terrestrial laser scanning technology shows wisdom on your proactive state of the art approach.
This technology allows the visualization of highly accurate 3D data to the tune of 300 billion points and is
definitely going to bring new life to the historical work done to date.
This roadmap of data can be described as the MRI of the earth, a beautiful picture that tells the whole
story and eliminates the guess work.
Suite 750 – 580 Hornby Street, Vancouver, B.C. V6C 3B6
Telephone: 604-602-4935 Fax: 604-602-4936
Website: www.providencegold.com
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Companies that have existing underground operations who do not have this type of scanned data are
behind the times.”
The Company believes that the historical operators, in attempting to follow the vein , lost contact with
the mineralization. The Company believes that the vein lies west of the 600 level access drift, a distance
varying between less than 10 to 65 metres in the area in question.
This zone represents one of numerous primary drill targets along the known 2.2 kilometre strike length
of the vein. In addition, results of the Company’s recently completed soil geochemical survey, suggest
that a zone of elevated gold grades represent a po rtion of the previously unseen vein system that
projects to surface along strike.
Qualified Person
John M. Kowalchuk, P.Geo, a geologist and qualified person (as defined under NI 43 -101) has read and
approved the technical information contained in this news release. Mr. Kowalchuk is a senior geol ogist
consulting to the Company. Mr. Kowalchuk is not independent as he is a director of the Company.
ON BEHALF OF THE BOARD
“Ronald Coombes”
Ronald Coombes, President & CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-602-4935
Facsimile: 1-604-602-4936
Contact: Robert Eadie
or
Ronald Coombes
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.
Suite 750 – 580 Hornby Street, Vancouver, B.C. V6C 3B6
Telephone: 604-602-4935 Fax: 604-602-4936
Website: www.providencegold.com