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Probe Metals Inc.
Summary
| Project: | Val-d'Or East | |
|---|---|---|
| Deposit: | New Beliveau | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/16/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-5-2017: Probe Metals Inc. announces an Exploration/Drilling Update report for its New Beliveau deposit at the Val-d'Or East project. Drilling results incl. 0.6m @ 154.4g/t Au from 491.4m. PROBE METALS INC. (TSX-V: PRB) (OTCQB: PROBF) (“Probe” or the “C | |
| Resources: | (Resource, Inf.): 770000oz @ 2.6g/t Au at project | |
| CP/QP: | [Overall Report]: Marco Gagnon (Internal) | |
| ABSTRACT: | PROBE METALS INC. (TSX-V: PRB) (OTCQB: PROBF) (“Probe” or the “Company”) is pleased to announce results from an additional nineteen (19) drill holes totaling 9,564 metres on its 100%-owned Val-d’Or East project (the “Project”) located near Val-d’Or, Quebec. The recent drill results confirm the continuity of gold mineralization and the expansion potential of the New Beliveau deposit with impressive gold intersections in the majority of infill and expansion drill holes. Drilling has also indicated the presence of a newly identified, subvertical shear structure trending northeast across the deposit that hosts new high-grade results as well as the recently announced high-grade discovery containing 1122 g/t gold over 0.7 metres (see news release dated March 6, 2017). Owing to very positive exploration results to-date, the Company has decided to increase the 2017 drill program from 50,000 to 75,000 metres. Drilling highlights include the discovery of a high-grade gold zone, hosted by a sub-vertical shear vein structure, in Hole PC-17-124, which returned an interval of 154.4 g/t Au over 0.6 metre and is associated with the same structure hosting the previous high-grade intercept of 1,122 g/t Au over 0.7m intersected in Hole PC-17-100. This structure has now been traced in drilling for over 300 metres in strike length, down to a vertical depth of 400 metres and is still open in all directions. High grade intercepts in shear veins are spatially associated with a roughly East-West trending feldspar porphyry dyke swarm recently identified at depth and west of the New Beliveau deposit. This may represent an important new gold structure that would enhance our current exploration model. | |
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