Mr. Ronald Coombes reports
PROVIDENCE GOLD MINES INC. INCREASES PRIVATE PLACEMENT
Further to Providence Gold Mines Inc.'s news release of June 29,
wherein the company had closed a first tranche of the private placement, the company 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.
The company is currently seeking bids (locally near the town of Sonora, Calif.) 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 it was shut down due to a dispute in 1916.
The protocol is to assay at two-metre intervals and, once results are substantiated, then to bulk sample the material to determine the best recovery methods.
Brian Ray, master of science, professional geoscientist, head of exploration and a qualified person (as defined under National Instrument 43-101), has read and approved the technical information contained in this news release.
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