TheNewswire - September 16, 2019 - Providence Gold Mines Inc. (TSXV:PHD) ("the Company") is pleased to announce that it has commenced a second phase of mechanized trenching and sampling its first of several potential gold-bearing historical stockpiles. The Providence Group of Gold Mines properties are in mining friendly Tuolumne County, California.
The first phase sampling program confirmed that potentially recoverable gold is present in at least one of several old stockpiles recently identified on the old mine site (Refer to Sept 4, 2019 news release).
"The initial phase of stockpile trenching produced very encouraging gold assay results, with the highest assay returning 18.7 g/t gold." stated Brian Ray M.Sc., P.Geo. and Qualified Person at Providence Gold Mines. "This second phase of trenching and aerial surveying will provide the Company a more accurate grade and volume estimation of the material accumulated during previous mine production."
An excavator will be used to dig a series of 20-meter-long, North-South trending trenches situated 10 meters apart Sampling will occur along the base of the trench with individual samples taken over a half a meter, resulting in an average of about two kilograms of material per sample. The trenches will then be deepened by another meter and re-sampled. The Company has planned to take 200 to 250 samples, but this will largely depend on the depth of the stockpile being sampled. The Phase 2 trenches will be dug perpendicular to the trenches dug in the Phase 1 program. About 50 kg of material form each trench will be reserved for future metallurgical testing.
The stockpiles are covered in vegetation and their full size and shape are still unclear. In an effort to delineate the area covered by these stockpiles, the Company has commissioned Aero Geometrics of Vancouver British Columbia to complete an airborne "LIDAR" survey which will produce high resolution 0.5-meter pixel surface images.
"These images will help us distinguish between natural slope angles and man-made ones," said Mr. Ray. "Once we get a better handle on the stockpiles surface area, we can then use ground penetrating radar to determine the depth."
That data will greatly assist in determining the stockpile profile in order to help calculate the volume of material present. In addition, the Lidar data will also produce a very accurate image of the surface expression for further geological and structural interpretation prior to drilling.
The Company is continuing to evaluate the stockpile with the ongoing objective of estimating the overall grade and tonnage and establishing the best recovery methods. It is projected that deeper sections of the Stockpiles may include higher-grade mineralized material from the early stages of the mine's production.
Sampling Methodology, Chain of Custody, Quality Control and Quality Assurance
All sampling is conducted under the supervision of the Company's project geologists and the chain of custody from the sample site to the sample preparation facility is continuously monitored. A blank or certified reference material is inserted approximately every tenth sample. Samples are transported and tested by Bureau Veritas Minerals of Sparks Nevada, using 30 g lead collection fire assay fusion for total sample digestion with AA finish. All samples assaying over 10 ppm of gold are automatically analyzed by gravimetric method.
Brian Ray M.Sc., 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.
About Providence Mines
The Providence Mines property consists of 6 patented mineral claims and 22 located claims which cover the historical high-grade Providence, Consuelo, Bonita and Mexican Mines. Documentation shows that these mines were profitably worked for many years and were regarded as part of the best mining Camp within the eastern belt of the "Mother Lode" District. It is historically reported that owing to differences between the former owners and their then manager, "the property was shut down in the midst of active and profitable operations." At that time, over 100 years ago, the lower levels of the mines were allowed to flood and remain flooded to this day. The lower eight levels were never reopened. The mines were never explored by modern methods and Providence Gold Mines believes there is significant potential to find additional gold along strike and at depth.
We invite all shareholders and stakeholders to join the Providence Gold Mines portal on 8020 Connect. Join here: http://b.link/Providence
ON BEHALF OF THE BOARD
Ronald Coombes, President & CEO
FOR FURTHER INFORMATION PLEASE CONTACT: 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
September 10, 2019
Shamrock Enterprises Inc. ("Shamrock" or the "Company"), a Canadian mineral exploration company, is pleased to announce it has completed the acquisition from a private vendor a 100% interest in the Buckley Project mineral claims, in British Columbia, approximately 57 kms southwest of Houston B.C. The Buckley claims consists of 24 mineral claims covering an area of 15,317.5 hectares. Shamrock now holds title to 18,546 hectares known as the Stellar project, which border the eastern, western and, perhaps most importantly, the northern part of ML Gold's Stars porphyry copper-gold-silver-moly discovery (please see map at - https://www.shamrockresources.com/index.php/projects/stellar-claims
The Stars porphyry discovery represents a porphyry Cu-Mo discovery in an area of excellent access and infrastructure. Shamrock's claims cover a prominent NNE trending group of regional aeromagnetic highs that include one coincident with the Stars discovery and with it's intrusive host rocks. On February 28, 2018 ML Gold reported that drillhole #4 intersected 40.2 metres of 1.02% copper equivalent (CuEq) within a broader interval of 204 m of 0.50% CuEq close to surface. Drilling at Stars targeted an area approximately 100m southeast of an area of previous drilling, where in 2001 drillhole DDH CS-07 intersected 142m of 0.25% copper. The 2018 discovery hole targeted an area of elevated magnetic signature that was coincident with both IP chargeability and copper-in-soil geochemical highs.
Based on information disclosed by ML Gold, the discovery appears to be associated with a NNE trending Induced Polarization chargeability anomaly which is open to the north, about 1 kilometer south of Shamrock's mineral tenures. On the Stars Property, both the mineralized trend and the chargeability anomaly correlate well with a NNE trending magnetic high evident in the regional airborne magnetic data. The regional magnetic trend continues northward onto the Company's newly acquired tenures from the Stars property and represents an excellent property-scale exploration target.
About Shamrock: Shamrock Enterprises Inc. is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of silver and other precious metal properties in North America. The Company's common shares are listed and posted for trading on the Canadian Securities Exchange ("CSE") under the symbol "SRS".
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as "forward-looking statements". Forward looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on forward-looking statements. Any forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, except in accordance with the applicable laws.