providence gold property advances · zircon). dikes and irregular cross-cutting intrusive masses....
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Suite 750 – 580 Hornby Street, Vancouver, B.C. V6C 3B6
Telephone: 604-602-4935 Fax: 604-602-4936 Website: www.providencegold.com
September 5, 2018 TSXV PHD
Providence Gold Property Advances VANCOUVER, BRITISH COLUMBIA - Providence Gold Mines Inc. (TSXV: PHD) ("Providence" or the "Company") is pleased to announce that we are in receipt of a property wide geological map from its exploration program. The geological mapping @ 1:2,500 and 1:1,000 scales represents a milestone in the Company’s understanding of the gold system along 2.2 km of strike length. The high resolution mapping has identified priority drilling targets where the prominent Fairplay gold bearing vein intersects with structurally linked hanging wall and footwall splay veins. The geological map will be posted with the News Release for review on our website at www.providencegold.com and at SEDAR. We believe these areas of convergence within the vein system represent potential new mineralized shoots similar to historically mined shoots which are easily accessed and remain open to depth. In addition, the mapping of potential gold zones is coincident with anomalous gold in soils from the 2017 geochemical survey. Ron Coombes states, “With the analytical ground work now completed the Company is confident that the planned drilling program will yield positive results. The known historical deposits remain open along a 2.2km strike length and down-dip. The Company is planning to commence an approximately two thousand metre drill program to test selected gold targets.” Providence Gold Mines Inc. has an option to purchase a 100% interest in the Providence Gold Property located in the Eastern Belt of the Motherlode Gold District near the town of Tuolumne, California. Access to the property is by a combination of paved and gravel roads. Individual veins range from less than a centimeter to more than 3.0 metres in thickness with the overall average being 1.5 metres. Sulphide content is <2%, consisting primarily of pyrite and galena. Within the veins several steeply-plunging shoots of higher grade gold, mineralization was mined in the past, commencing as early as the 1860’s. Gold production was primarily from the northernmost 1200 metre segment of the Providence Gold Vein system hosting from north to south the Bonita, Consuelo and Providence Mines. In the 1894 Report of the State Mineralogist it states “…On the Bonita vein a 440’ adit has been run and in it about 300’ from the mouth a 50’ winze sunk…” In his report dated April 1932 Thompson states “…at the north end of the Bonita claim another mineralized shoot has been developed. A small mill was used to reduce the mineralization from this shoot. The mineralization was very good and this shoot, as far as worked, paid handsomely…” John Chapman, Superintendent for New Providence Gold Mines in a memo dated June 1933, with regards to the Consuelo Mine states “…the Consuelo mineralized shoot lies about 1800 feet north of the Providence shaft…This mineralized body has been attacked at two points, 300 feet apart by the McCarthy shaft on the south of the gulch and the Mexican shaft on the north to a depth of 100 feet to the present tunnel level. Eighty feet south of the Mexican shaft, a winze was sunk to a depth of 90 feet in the vein fissure. The vein filling at this point indicates that mineralization is in the making and should be encountered at any time. The vein material is about 6 feet wide and carries $1.50 in values. Work is now being undertaken in this winze, at a depth of 100 feet a drift will be driven north under the Mexican Shaft. The mineralization produced from this shaft ran $80/ton. The Providence Mine operated until 1916. Development at the mine consisted of a double compartment shaft
sunk to a depth of 1470 feet on the dip of the vein system (50o). Drifting was completed on twelve levels. Production was from stopes located throughout the workings. According to Bluett (1916) “…some of these mineralized shoots and veins have been stoped out. In others the mineralization is still in place…” According to a newspaper clipping dated April 7, 1931 the Providence Mine ”…from 1902 to 1912, when the mine was owned operated by E.A. Wiltsee of San Francisco, yielded gold mineralization averaging $18 a ton (gold at $20/ounce) to a total of $3,000,000…” According to a September 14, 1921 report by James Kendall “…the mine was not closed down for lack of good gold mineralization, but because of a disagreement between the owners and the parties to whom the mine had been leased, at the expiration of which the owners refused to grant an extension and suspended operations in the midst of active mining and milling of high grade gold mineralization from the 10th and 11th levels and while good mineralized bodies were being developed on the 12th levels after which the lower levels filled with water and have never since been de-watered. Thus the mineralized bodies in the lower six levels are in identically the same condition as they were when the mine ceased operations…” Various reports have the gold production from the Providence Mine ranging from $700,000 to $4.5 million. The surface workings and mills of the Providence, Consuelo and Bonita Mines along with the operation records were destroyed in a large brush fire in 1918. Because almost all of the technical information was destroyed in the 1918 fire, there is no way to document the accuracy of the above statements. The above historical account was taken from several miners and engineers who either worked in the mine or visited it while in operation. Although this information is believed to be factual the Company cannot unequivocally confirm its accuracy. Soil sampling was completed over the entire length of the property. The results showed anomalous gold values in soil correspond with the Providence Gold Vein system, particularly over the section hosting the Providence, Consuelo and Bonita Mines. Gold values within this trend range from 10 to 7300 ppb. Elsewhere on the property additional zones of interest were identified requiring additional follow-up work. Underground continuous rock chip sampling located several areas in the underground workings with significant gold values. Results include samples assaying 45.63, 19.58 and 31.7 gpt Au over widths of 1.30, 1.0 and 0.7 metres respectively. A 3D Laser Survey was completed that not only revealed the geometry of accessible 600 level underground workings to mm accuracy, but also elucidated geological features, including the veining and structure. The survey showed a 260 metre long zone between the Consuelo and Providence Zones to potentially host an area of quartz veining. This zone lies to the west of the 600-level access drift and is possibly the down dip extension of the area mentioned by Bluett (1909) as having several shoots of mineralization between the Consuelo and Providence Mine.
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 letter. Mr. Kowalchuk is a senior geologist consulting to the Company.
ON BEHALF OF THE BOARD “Ronald Coombes” Ronald Coombes, President & CEO FOR FURTHER INFORMATION PLEASE CONTACT: Ronald Coombes Mobile: 1- 604- 724-2369 rcoombes@providencegold.com
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.
0
Meters
100 100
Scale 1:2,500200
0
Feet
500 500 1000
SURFACE GEOLOGY
SHOWING PRINCIPAL GOLD-QUARTZ VEINS
Universal Transverse Mercator Projection
Providence Gold Property
4
4574 00mE 4674 4774 5074 00mE4874 49744274 4374 4474 5174 5274 5374 5474
4574 00mE 4674 4774 5074 00mE4874 49744274 4374 44744174 5174 5274 5374
44420
45420 00mN
43420
42420
41420
4204000mN
39420
38420
37420
36420
4203500mN
34420
33420
32420
31420
4203000mN
29420
28420
27420
26420
4202500mN
47420
46420
4203500mN
34420
33420
32420
31420
4203000mN
4202500mN
44420
43420
42420
41420
39420
38420
37420
36420
29420
28420
27420
26420
47420
46420
45420 00mN
4204000mN
24420
UTM Grid North
Astro North
Magnetic North
13°08.52' E
01°42.84' E
Lineation (L ),
Shoo Fly Complex
Calaveras Complex
Starr King Vein
Providence Ext. Vein
Providence Vein
Fairplay Vein
120°13'00" 12'45" 12'30"W13'15"
120°13'00" 12'45" 12'30"W13'15"
57'15"
37°57'00"N
56'45"
56'30"
56'15"
57'15"
37°57'00"N
56'45"
56'30"
56'15"
Goldwin Vein No. 1
Fold Axis (F ),N = 8N = 12
2
Poles to veins, N = 8Poles to mylonitic C lamination, N = 3
Mean Axis: 115.7°/-45.9°
Best Fit Axial Surface:316°/ 71.0°
Gash Veins
Goldwin Vein
Starr King Vein No. 1
Starr King Vein No. 2
Sec.10Sec.15
Sec. 9Sec.16
Sec.9 Sec.10
Sec.16 Sec.15
16 15
9 10
1/4 Sec.
1/4 Sec.
LEGEND
Principal Gold-Quartz VeinsMother Lode Veins
108-127 ma Rb-Sr, K-Ar & 40Ar/ 39Ar on mariposite (Böhlke & Kistler 1986)
North-striking, 50°east-dipping persistent mylonite zones (mz) localizing
multi-stage, sheared, internally complex gold-bearing quartz-sulphide
vein systems (qz). Hanging wall and footwall splay veins are common.
Vein surface expressions are largely recessive.
Intrusive RocksSonora Dike Swarm 157-159 ma K-Ar (Sharp 1980)
Mafic dikes; grey-green aphyric basalt.
Lamprophyre dikes ; dark grey spessartite & vogesite.
Standard Pluton 164-170 ma U-Pb (Stern et. al. 1981)
Quartz Diorite & Monzodiorite ; internally zoned, steep walled,
pyroxene- and hornblende-rich.
Felsic dikes
Grey-white, coarse grained felsic granitoid.
Pegmatite
Extremely coarse grained quartz, K-spar, muscovite, (tourmaline,
zircon). Dikes and irregular cross-cutting intrusive masses.
Diorite
Grey speckled, medium grained, phaneritic. Pale grey plagioclase, black
biotite > hornblende, (pyroxene, garnet) with accessory magnetite,
ilmenite, pyrite. Occ. foliated especially at intrusive margins.
Semi-conformable sill(s) intruded into the Calaveras Complex and
deformed by D1, D2.
Coarse grained plagioclase-megacrystic phase developed at cores of
widest sills. Soft, friable when weathered.
Layered RocksUpper Paleozoic - Lower Mesozoic(?)
Calaveras ComplexArgillite Unit
Biotite Phyllite
Dark grey to black, well foliated, fissile, fine grained biotite > clays.
Includes micaceous quartzite (Caqz), limestone (Cals).
Banded Gneiss ; (see Ccbg below...)
Slate; Dark grey, platey, spaced cleavage, often partly silicified.
Argillite; Black, massive to knubbly, occ. silicified. Less siltite.
Chert Unit
Biotite Schist
Dark grey-brown, blocky, tough, compact, homogenous to weakly
banded, weakly foliated. Biotite (>50%), plagioclase, quartz, (actinolite,
chlorite) with occasional talc partings. Rusty brown wea.
Chert; subunit containing up to 40% slabs of grey & bluish-grey ribbon
chert layers (olistoliths), hard, platey, conchoidal fracture.
Quartzite; leuco/vitreous non-feldspathic marker unit.
Calcsilicate Gneiss
Variegated, flaqgy, moderately hard unit. Marl of ragged irregular
white/green mottled effervescent bands, patches & lenses to 2 cm wide
comprising medium grained calcite, diopside, (apatite?, epidote?) in dark
grey and black laminated, fine grained biotite, clays and quartz.
Moderately foliated. Tan-brown weathering.
Limestone
Pale grey banded, impure, recrystallized calcitic marble.
Undivided
Quartz, biotite (muscovite) schist, impure limestone, chert.
Banded Gneiss
Massive to flaqgy, hard (cliff-forming), fine to medium grained, distinctly
striped unit. Alternating black biotite > muscovite, quartz and pale
buff-grey glassy quartz, feldspar, (garnet?) wavy, undulose
compositional bands 1 - 3 cm wide. Moderately foliated. Grey-brown
weathering.
Lower Paleozoic
Shoo Fly ComplexQuartzite Unit
Pelitic Schist
Silver-grey, fissile, quartz, muscovite, biotite (sillimanite?) schist with rare
lenticular knots of talc, actinolite, muscovite. Well foliated. Recessive,
except where quartz-flooded near CSFT.
Quartzite
Hard (cliff-forming), slabby, pale grey to cream-colored, laminated
micaceous quartzite in rhythmic tabular beds to 2 m in thickness.
Amphibolite & Quartzofeldspathic Gneiss
Severe attenuation and cataclasis near CSFT
.
SYMBOLS
layering (S0) - inclined, vertical
foliation / spaced cleavage (S2) - inclined, vertical
vein - inclined, vertical
joint - inclined, vertical
fracture - inclined, vertical
intrusive contact - inclined, vertical
shear - inclined, vertical
mylonitic C lamination - inclined, vertical
lineation (L2), fold axis (F2)
mill (abandoned), shaft (inclined), adit, open cut, mine dump
rock chip sample - channel (semi-continuous), grab
float, outcrop, outcrop as mapped
lithologic contact - defined, approximate, assumed
lithologic contact - interpreted (Google Earth)
Calaveras - Shoo Fly Thrust [CSFT] - defined, approximate
(map area has overturned segment, barb shows dip direction)
thrust fault - defined, approximate (barb shows dip direction)
fault / airphoto lineament
fold trace (D1)
synform, antiform (D2) - assymetric, showing limb dip direction
and plunge
References
Böhlke, J.K., and Kistler, R.W., 1986. Rb-Sr, K-Ar, and stable isotope evidence for the ages and sources of
fluid components in gold-quartz veins of the northern Sierra Nevada foothills metamorphic belt,
California; Economic Geology , v.81, p. 296-322.
Merguerian, C., 1985. Bedrock geologic map of the Shoo Fly Complex in the Jupiter Area, Stanislaus River
drainage, Tuolumne County, California; California Department of Conservation, Division of Mines and
Geology, Open File Report 85-11 SF, 4 maps, scale 1:24,000, text 34 p.
Schweickert, R.A., Saleeby, J.B., Tobisch, O.T., and Wright, W.H. III, 1977. Paleotectonic and
paleogeographic significance of the Calaveras Complex, western Sierra Nevada, California; in
Stewart, J.H., Stevens, C.H., and Fritsche, A.E. eds., Paleozoic paleogeography of the western United
States, Pacific Coast Paleogeogpaphy Symposium 1, Los Angeles, Calif., Society of Economic
Paleontologists and Mineralogists , Pacific Section, p. 381-394.
Sharp, W.D., 1980. Ophiolite accretion in the northern Sierra (abs.); Transactions American Geophysical
Union, Eos, v. 61, no. 46, p. 1122.
Stern, T.W., Bateman, P.C., Morgan, B.A., Newell, M.F., and Peck, D.L., 1981. Isotopic U-Pb ages of
zircon from the granitoids of the central Sierra Nevada, California; U.S. Geological Survey , Professional
Paper 1185, 17p.
Wagner, D.J., Bortugno, E.J., and McJunkin, R.D., 1991. Geologic Map of the San Francisco - San Jose
Quadrangle, California; California Division of Mines and Geology , RGM Series, Map No. 5A, scale
1:250,000.
AND ROCK CHIP SAMPLING
gr
bp
fd
dicx
la
md
pg
di
SDS
SDS
SP
Ca
bgCa
slCa
arCa
bsCc
bscCc
bsqCc
csCc
M M
bgCc
psSq
qzSq
amSq
lsCc
uCc
Poles to layering (S ),Poles to foliation (S ),
N = 10N = 52 (contoured)2
At approximate
center of map at
Declination
Convergence
PROVIDENCE: patented claims Source: Providence claims 2017.dwg (Sam Eakin)
PROVIDENCE: lode claims Source: Providence claims 2017.dwg (Sam Eakin)
Adjoining patented claims Source: Tuolumne County Assessor, 1949 Assessor's Maps
Road
Proposed drill road
Historical trail
PLSS survey monument (BLM Cadastral Survey Program). Geospatial data for PLSS
downloaded from: http://www.earthpoint.us/TownshipsSearchByDescription.aspx
Township 1N, Range 16E, Sections 9,10,15,16 M.D.B.&M
Tuolumne 7.5 Min. Quadrangle (o37120h2), Tuolumne County, CA, USA
Air photo mosaic and DEM extracted from Google Earth Pro™ using Plex.Earth©-v3.6 for AutoCAD®.
Imagery Date: 6/28/2017. Eye Altitude: 313m. Elevations sampled on 5m centers.
Contoured using QuickSurf™-v6.0 for AutoCAD®, contours in meters.
4203650N,744840E
(on July 25/2018
decreasing 5.3' annually)
Drawn by:
File:
Date released/revised:
Drawing No.:
Aug 08, 2018
0
Note: Bedrock geology from mapping by GG & DAV on Aug. 04-Sep. 09/2017 and Nov. 01-18/2017 and
by interpretation of Google Earth™ 3D imagery. Additional information was obtained from
Merguerian (1985), Schweickert et. al. (1977), Wagner et. al. (1991), owner/operator records and other
historical sources for the Providence and neighboring mines.
Rock Chip Sampling:
Sample From To Int(m) Description Weight (kg) Au (g/t)
2980358 0 1.0W 1.0 Roadside potential small adit, erratic 30-50% qv with veins being generally less 4.36 0.340
than 1 cm thick. Limonite stain common, veins barren or with minor specularite,
host is highly foliated (300/70N) siliceous slate. Providence Extension vein?
2980359 1.0W 2.0W 1.0 As above, minor specularite 3.72 0.176
2980360 2.0W 3.0W 1.0 Siliceous slate 1.50 0.011
2980361 Grab Quartz vein float approx. 30 cm x 20 cm block, predominantly white with minor 1.49 0.006
brown tint, sulphides not observed
2980362 Grab Bull quartz vein boulders to 1 x 1 m, minor limonite stain, veins barren 2.40 <0.005
2980363 0 1.0W 1.0 Muscovite-rich qtz-ms-tourmaline pegmatite with 25% quartz veining with veins 2.08 <0.005
generally <5 cm thick, trend 360/40E, minor limonite and Mn staining
2980364 1.0W 2.0W 1.0 Limonite/hematite stained pale grey micaceous slate, foliated 280/80N 1.94 <0.005
2980365 0 1.0W 1.0 Providence Shaft (depression), north side of pit center. Siliceous shale, pale 2.36 0.065
grey colored, foliated 318/65N
2980366 1.0W 2.0W 1.0 Providence Shaft (depression). 20% qv, qv @360/42E, qv to 20 cm thick, 3.78 0.058
white with limonite stain, trace pyrite
2980367 2.0W 2.5W 0.5 Providence Shaft (depression). Footwall slate, limonite stained, Mn stain, 1.45 1.890
foliation not as pronounced as in hanging wall, quartz veining absent
2980368 0 1.0W 1.0 Weakly limonite stained slate (1 m zone) containing a 1-3 cm qv 2.67 <0.005
2980370 Grab McCarthy Shaft dump. Predominantly white qv material, weak limonite stain 1.62 0.085
2980371 Grab McCarthy Shaft . Grey quartz vein material, minor disseminated sulphides 2.04 0.109
G17-11-05-1 Grab Mexican Adit area. 40 cm qz vein on trend with narrow vein in Mexican open cut 1.65 1.527
G17-11-06-1 0 0.4W 0.4 Adit. Quartz gash vein 26-45 cm thick (orientation 020/68NW) 2.83 <0.005
G17-11-11-1 Grab Hand pit, considerable quartz float 1.86 <0.005
G17-11-11-2 Grab Pegmatite, 20 cm thick, highly sericitized with quartz stockwork 1.65 0.005
G17-11-13-1 Grab New Year Shaft area. Melange of schistose units, sample collected from dump 2.84 0.757
G17-11-18-1 Grab Phoenix Shaft area. 30 cm milled friable qz vein, heavily Fe-stained in 2.5 m 1.90 0.009
thick exposed mylonite zone.
Zone 10S NAD83 100 meter grid
Grizzly Vein
Fairplay Vein
North Ore Shoot
Fairplay Vein
South Ore Shoot (v. prj.)
FW Splay
HW Splay
(v. projection)
Consuelodrift
600 levelaccess drift
Providence600 level stopes
Consuelo crosscut
Providence600 level stopes
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