Providence Gold Reports Up to 8.0 g/t Au from Mojave Girl Stockpile Sampling; Phase 2 Evaluation at Tarantula Site To Begin

Providence Gold reported the first phase of continuous surface stockpile sampling at the La Dama de Oro gold property in California. Channel sampling across 121 ft of Mojave Girl Vein stockpiles returned multiple assays above 4 g/t Au, highlighted by 8.0 g/t Au over 8.4 ft, 5.2 g/t over 11.8 ft, and 5.2 g/t over 5.7 ft. Approximately 650 tons of material was identified within the Mojave Girl stockpiles as part of a planned 1,000‑ton permitted bulk sample. The company also disclosed it terminated its mining lease with Easy Mining and engaged a new processing group that has specialized milling equipment warehoused near the project. Phase 2 will involve sampling three significant stockpiles at the nearby Tarantula mine site to advance the bulk‑sample plan. This release follows on from first‑stage sampling completed in March 2026, from which results were expected in under three weeks.

The assay results are genuinely encouraging, confirming coarse gold is present in the surface stockpiles at grades that could support economic extraction. The confirmation that a dedicated processing partner with equipment already near site is in place removes the uncertainty around the prior Easy Mining arrangement. However, the sampling was strictly on existing stockpiles (not in‑situ drilling) and covers material that had already been seen as prospective. The market was already aware that sampling was underway and that results were imminent. The new numbers are at the high end of expectations but do not represent a fundamental change in the property’s known scale or a resource estimate. The termination of the Easy Mining lease and the introduction of an alternative processor is a net positive but is not quantified, and no processing deal terms are disclosed. Taken together, the announcement provides incremental validation but nothing that would radically alter the company’s valuation or derisk the project in a material way.

Providence Gold Mines is a micro‑cap gold explorer focused on the La Dama de Oro gold‑silver property in California’s historic Silver Mountain Mining District. The project sits within the Eastern California Shear Zone intersecting the San Andreas Fault Zone. It hosts a low‑sulfidation epithermal Au‑Ag vein system with the largest known vein (Mojave Girl) up to 5 ft wide and open for over 6,000 ft of strike. The property produced high‑grade gold historically but has never been tested with modern drilling; there is no NI 43‑101 compliant resource. All key permits (water, road, environmental, plan of operations, mill site) are in place and a 1,000‑ton bulk sample is approved. The company holds an option to acquire 100% of the project from Mohave Gold Mining by issuing 4.5 million shares and spending $770,000 over four years. A 100‑acre BLM parcel was added in October 2025, fully permitted.