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An announcement from Providence Gold Mines Inc ( (TSE:PHD) ) is now available.
Providence Gold Mines Inc. has received final regulatory approval for its reviewable transaction involving the La Dama de Oro gold project, accompanied by the filing of a NI 43-101 technical report on the property, which is now available on SEDAR+. La Dama de Oro, a historically high-grade gold producer in California’s Silver Mountain Mining District, holds extensive permits covering water, road access, environmental matters, operations, and mill site use, as well as authorization for a 1,000-ton bulk sample, but has seen no drilling or modern scientific exploration and currently has no NI 43-101 compliant resources. The property hosts a structurally controlled, low-sulfidation epithermal gold-silver vein system along the La Dama de Oro Fault, with the main vein remaining open to exploration over more than 6,000 feet and potential for additional parallel veins, underscoring the project’s exploration upside and the company’s strengthened position to advance a permitted, high-potential asset.
More about Providence Gold Mines Inc
Providence Gold Mines Inc. is a junior mining company focused on the exploration and potential development of precious metal projects, with a particular emphasis on high-grade gold and silver properties in North America. The company is listed on the TSX Venture Exchange, OTC markets, and the Frankfurt Exchange, positioning it to attract both domestic and international resource-focused investors.
Average Trading Volume: 71,934
Technical Sentiment Signal: Buy
Current Market Cap: C$4.24M
Learn more about PHD stock on TipRanks’ Stock Analysis page.