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Providence Gold Mines to Acquire La Dama de Oro Gold Property
August 20, 2025 — Leads & Copy — Providence Gold Mines Inc. has entered into an option agreement, subject to regulatory approval, to acquire the La Dama de Oro Gold Property, a historical gold mine 100% owned by Mohave Gold Mining, a private California-based company.
Ethos Geological Inc. completed an NI 43-101 technical report, authored by Zachary Black, SME-RM, which has been submitted for Exchange review and approval. The property is at an early exploration stage and lacks sufficient data for a mineral resource.
The La Dama de Oro Property is in the Silver Mountain Mining District, within the Eastern California Shear Zone and the San Andreas Fault Zone. The mineralization is classified as a structurally controlled, low-sulfidation epithermal gold-silver vein system. The largest known vein is 4.5 feet at its widest point and remains open to exploration. The property has an approved exploration permit that includes a bulk sample.
The option allows Providence the right to purchase 100% of the La Dama de Oro Gold Property. Terms include issuing common shares and incurring expenditures over four years.
Ronald A. Coombes, President & CEO of Providence, stated that the La Dama de Oro mine has good discovery potential.
Zachary Black, SME-RM, a Qualified Person under NI 43-101, has reviewed and approved the scientific and technical information.
Ronald A. Coombes, President & CEO Phone: 604 724 2369 roombes@providencegold.com