Phase I Exploration Continues to Expand Mineralized Zones with 1.8 metres of 16.33 g/t
November 1, 2017 Trading Symbol: PHD
News Release
Phase I Exploration Continues to Expand Mineralized
Zones
with 1.8 metres of 16.33 g/t
VANCOUVER, BRITISH COLUMBIA - Providence Gold Mines Inc. (TSXV: PHD) ("Providence"
or the "Company") i s pleased to announce results from underground sampling of the
Company’s Providence Gold Mine in central Cali fornia. The results demonstrate continued
success on its Phase I exploration program with the presence of high grade gold mineralization
adjacent to former stoped (mined) areas of the mine.
Results from the sampling of the various workings in the South Mineralized Shoot on the 600
foot level property are as follows:
PRELIMINARY ROCK CHIP SAMPLE RESULTS (>3GPT Au):
SUMMARY 600 LEVEL SOUTH SHOOT
Sample # Location Width (Metres) Au (GPT)
2980165 Small drift approx. 7m behind 600 drift
569.5 sample of face of vein in stope
0.70 31.70
298063
Small drift approx. 7 m behind 600 drift,
569.5, sample of face of vein in stope
1.10 6.54
from 2980165 to 298063 1.80 16.33
2980141 633 back 1.0 4.16
280161 Small drift approx. 7 m behind 600 drift,
569.5, sample of face of vein in stope
2.80 4.41
2980175 552, West Rib 0.80 9.74
2980178 551, West Rib 1.20 4.60
2980182 549, East Rib 0.60 7.05
2980189/90 533, 600 drift, West Rib 1.20 3.16
2809193 533, 600 drift, West Rib 0.40 3.22
Note: of the 52 samples collected to the south of the North Shoot, 25 assayed >1 gpt Au of which 10 assayed >3
gpt Au with two assaying >10 gpt Au
The above sample results verify the historical results for the Providence Mine South Shoot. The
South Shoot is located approximately 70 metres to the south of the North Shoot. The following
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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table summarizes the results of the chip sampling program and repo rted in the news release
dated September 21, 2017.
PROVIDENCE GOLD MINES LTD: PROVIDENCE GOLD MINE-ROCK CHIP SAMPLES RESULTS
(>3GPT Au) SUMMARY: 600 LEVEL-NORTH SHOOT
Sample
#
Location Width (Metres) Au (GPT)
2980069 Stope back 1.0 8.60
2980074 398 0.9 4.15
2980076 398, West Rib 1.0 3.31
Or 2.2 3.28
2980077 372 Back, W Rib 1.0 19.58
2980103 426 Slab From Small Stope 0.3 14.55
2980108 435, W Rib 1.3 45.64
2980116 447, East Rib and Back 1.1 4.82
Previous work has shown the Providence property to contain gold bearing vein system with
several workings being located. As a result of the ongoing exploration success , the Company
has dispatched its exploration team to the property to complete further soil geochemical
sampling, outcrop mapping and sampling. The program commenced this week. The purpose
of the program will be to verify the potential strike length within the property’s 2.2 km long
property boundary.
“We are excited that our results have validated the historically reported production and confirm
the potential of significant gold mineralization, along the 2.2 km strike and down-dip,” said Ron
Coombes, President & CEO of the Company.
QA&QC Procedures
The Company followed industry standards in its QA&QC procedures. A certified standard
sample, or a blank or a field duplicate sample is inserted every 10 samples before the set of
samples is sent to the Laboratory. This procedure is applied to all rock chip and channel
samples. The Company sent all of the samples to Bureau Veritas Laboratory in Reno, a
laboratory that meets International Standards ISO 9001 and ISO 14001 Certification.
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 geologist consulting to the Company.
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The Company is pleased to announce that its website is live as of November 1 st, 2017. Visit
www.providencegold.com.
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.