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Probe Metals Inc.
Summary
| Project: | Val-d'Or East | |
|---|---|---|
| Deposit: | Monique | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/23/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-10-2018: Probe Metals Inc. announces an Exploration/Drilling Update report for its Monique deposit at the Val-d'Or East project. Drilling results incl. 10.5m @ 5.9g/t Au from 158.5m . TORONTO, Oct. 23, 2018 -- Probe Metals Inc. (TSX-V: PRB) (OTCQB: PRO | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Marco Gagnon (Internal) | |
| ABSTRACT: | TORONTO, Oct. 23, 2018 -- Probe Metals Inc. (TSX-V: PRB) (OTCQB: PROBF) (“Probe” or the “Company”) is pleased to provide new results from the 2018 drill program on the Val-d’Or East Monique option property (the “Property”) located near Vald’Or, Quebec. Results from fourteen (14) drill holes, totaling 4,783 metres, were received and showed significant new discoveries northwest of the Former Monique open-pit gold mine and southwest of the A and B gold zones (see figure 1). The Company is now preparing for the 2019 winter drill program to follow up on the recent discoveries. Probe may earn a 60% interest in the Property by spending an aggregate of $2mm on exploration before January 2021 (see news release dated January 17, 2017). Significant drill results are presented below. David Palmer, President and CEO of Probe, states “The initial results from the regional exploration program are very encouraging, with numerous new gold discoveries being made around the old Monique mine site. It increases our confidence in the exploration potential of the Val-d’Or East area and the Company’s large, consolidated land package. We are now designing an expanded winter drill program that will follow-up on these results as well as testing new targets in the area.” Of the fourteen holes, seven were designed to test a large under-explored area North, West and northwest of the Former Monique Open Pit along the mineralized trend. Best assay results were from hole MO-18-03 at 159 metres depth (down hole), which returned 24.8 g/t Au over 2.2 metres in a larger interval grading 5.9 g/t Au over 10.5 metres. This hole is located 400 metres northwest of the Monique pit and proximal to our 100%-owned property. Hole MO-18-09 was drilled 200 metres North of the Monique pit and also returned encouraging results with two gold zones intersected at 175 and 373 metres depth (down hole) grading respectively 20.5 g/t Au over 2.0 metres and 2.1 g/t Au over 7.6 metres. The deepest intercept corresponds to the extension of the in-pit gold mineralization 50 metres to the North and the other intercept is possibly the lateral extension of the new gold structure intersected in hole MO-18-03. | |
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