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Transaction Announcement Reports
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Project: | Val-d'Or East | |
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Deposit: | New Beliveau | |
Location: | Canada | |
Commodities: | Gold | |
Date: | 6/6/2017 | |
Report Code: | NI43-101 | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resource Increase/Upgrade | |
Report details: | 6-6-2017: Probe Metals Inc. announces an Exploration/Drilling Update report for its New Beliveau deposit at the Val-d'Or East project. Drilling results incl. 24.5m @ 4.2g/t Au from 491.4m. Toronto, June 6, 2017 – PROBE METALS INC. (TSX-V: PRB) (OTCQB: PRO | |
Resources: | (Resource, Inf.): 770000oz @ 2.6g/t Au at project | |
CP/QP: | [Overall Report]: Marco Gagnon (Internal) | |
ABSTRACT: | Toronto, June 6, 2017 – 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 6,676 metres on its 100% owned Val-d’Or East project (the "Project") located near Val-d’Or, Quebec. Results include two significant new, shallow, gold discoveries of 7.4 g/t Au over 12.4 metres and 7.8 g/t Au over 2.5 metres located 1,200 and 600 metres south of the former Beliveau Mine, respectively, and represent the furthest step-outs from the New Beliveau deposit todate. These intervals are associated with new geophysical targets generated along the interpreted mineralized trend and suggest the potential for a much more extensive gold mineralized system than previously thought. In addition to the new zones, drilling also intersected numerous high-grade intervals within the New Beliveau deposit, including 12.3 g/t Au over 8.9 metres, as well as thick, near-surface gold intervals. The new discoveries were identified in a recently completed induced polarisation (“IP”) geophysical program covering part of the Val-d’Or East property, and represents the first geophysics to ever be undertaken in the area. Mineralization intersected is similar to that observed in the New Beliveau Deposit, and is mainly characterized by sulphide-bearing quartz-tourmaline veins associated with mineralized diorite dykes. | |
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