Core Viewpoint - Providence Gold Mines Inc. has entered an option agreement to acquire the La Dama de Oro Gold Property, a historical gold mine, subject to regulatory approval [1] Group 1: Acquisition Details - The La Dama de Oro Gold Property is 100% owned by Mohave Gold Mining, a private company based in California [1] - The option agreement allows Providence to purchase 100% of the property under specific terms, including the issuance of common shares and expenditures over four years [5][6][7] Group 2: Technical and Geological Information - Ethos Geological Inc. has been commissioned to complete an NI 43-101 technical report for the property, which is currently at an early exploration stage and lacks sufficient data for a mineral resource [2] - The property is located in the Silver Mountain Mining District, characterized by complex geology including Mesozoic quartz monzonite and Jurassic Sidewinder Volcanics [3] - Mineralization is classified as a low-sulfidation epithermal gold-silver vein system, with the largest known vein measuring 4.5 feet at its widest point [4] Group 3: Exploration Potential - The property has an approved exploration permit that includes a bulk sample, indicating potential for further exploration and discovery of additional veins along the fault system [4] - Ronald A. Coombes, President & CEO of Providence, emphasized the historical gold production at La Dama de Oro, suggesting strong discovery potential [7]