Providence Gold Mines (TSXV: PhD, OTC: PRRVF) gives investors a unique opportunity to participate in a fully allowed California Gold project with upward upward exploration and a clear path to production. Supported by a strong geological setting, meager capital structure and experienced leadership, Providence is well positioned to create shareholder value in an increasing gold market.
The company promotes its flagship La Dama de ORO Project, a fully permitted, turnkey-gold ownership with the rare combination of the short-term production potential and a significant exploration.
Providence has concluded an option agreement to acquire 100 percent of La Dama de Oro Gold -a historic mine in the Silver Mountain Mining District in California. The project is located in the eastern California La Dama de Oro Shear Zone, a very potential institution for structurally controlled, low-sulfidation epithermic gold-silver vein systems. La Dama de Oro organizes a strike system of 6000 feet, open and at depth offers a considerable exploration upside down through modern techniques. Channel sampling, soil geochemistry and geophysics will start, with a NI 43-101 technical report that has recently been completed.
Highlights of the project
- Geology: Multi-phase quartz prominent and hydrothermal change along the La Dama de Oro error, with veins up to 4.5 feet wide, open along strike.
- Reconnaissance phase: Early exploration supported by a NI 43-101 technical report that confirms a strong potential, although no current estimate of the resources has been defined.
- Fully allowed: Turnkey project with EPA, Water and Molen location is possible to be protected, plus an approved exploration program – including bulk sampling – positioning for rapid progress to production.
- Option agreement: Providence can earn 100 percent ownership in four years by issuing 4.5 million shares and committing $ 770,000 in exploratory provisions.
Highlights of the company
- Fully allowed, turnkey project: La Dama de Oro Gold Property in California has protected EPA, Water and Molen Location Persons, making a rapid version of potential production possible.
- Focus in the short term cash flow: Strategy to go to production instead of just staying a explorer.
- Scale potential: Modern exploration potential; Never systematically drilled or scientifically evaluated.
- Low-sulfide, simple processing: Crushing, grinding, gravitational separation process; Avoid more complex/expensive methods.
- Exploration plan: Underground canal samples, soil geochemistry and geophysics to focus on rapid targeting.
- Compelling geology and location: In the eastern sliding zone/San Andreas Structural Corridor; Historical production area.
- Tight capital structure: 63 million outstanding shares (from October 2025) and limited debts, so that the dilution risk for investors is minimized
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