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Probe Metals Inc.
Summary
| Project: | Val-d'Or East | |
|---|---|---|
| Deposit: | New Beliveau | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 8/16/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-8-2017: Probe Metals Inc. announces an Exploration/Drilling Update report for its New Beliveau deposit at the Val-d'Or East project. Drilling results incl. 2m @ 59.9g/t Au from 126.7m. Toronto, August 16, 2017 – PROBE METALS INC. (TSX-V: PRB) (OTCQB: P | |
| Resources: | (Resource, Inf.): 770000oz @ 2.6g/t Au at project | |
| CP/QP: | [Overall Report]: Marco Gagnon (Internal) | |
| ABSTRACT: | Toronto, August 16, 2017 – PROBE METALS INC. (TSX-V: PRB) (OTCQB: PROBF) (“Probe” or the “Company”) is pleased to announce results from the ongoing drill program at its 100% owned Val-d’Or East project located near Val-d’Or, Quebec. Results from twenty-seven drill holes, totaling 11,358 metres, were received. The current 75,000-metre drill program at Val-d’Or East focuses on expansion and exploration drilling in and around the New Beliveau gold deposit including follow-up drilling on the surrounding new discovery areas. As of the most recent drilling, the New Beliveau gold deposit mineralization has been identified over an expanded area of approximately 650 metres by 450 metres (See Figure 1) and to a depth of over 900 metres. Expansion drilling to the south has returned interesting results grading up to 2.5 g/t over 39.2 metres including 9.2 g/t Au over 5.4 metres, at vertical depth of approximately 100 metres. Expansion drilling to the West has also returned interesting results with intercepts grading up to 2.7 g/t over 16.8 metres, including 9.8 g/t Au over 3 metres, at a vertical depth of approximately 350 metres. A high-grade shear vein structure grading 29.8 g/t Au over 0.8 metres was intersected at 90 metres depth, and is located 80 metres west of Hole PC-17-100, which previously returned 1122 g/t Au over 0.7 metres (see Company’s press release dated March 6, 2017). New drilling continues to expand our understanding of the mineralizing controls and geometry at New Beliveau, including the identification of a stacked set of at least thirty (30) shallow dipping East-West auriferous veins, seven (7) North-South sub-vertical mineralized dyke and one East-North-East sub-vertical high grade structure. Ongoing drilling continues to indicate strong potential for additional resource expansion. | |
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