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Probe Metals Inc.
Summary
| Project: | Val-d'Or East | |
|---|---|---|
| Deposit: | Val-d'Or East | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/13/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-2-2018: Probe Metals Inc. announces an Exploration/Drilling Update report for its Val-d'Or East deposit at the Val-d'Or East project. Drilling results incl. 10.1m @ 5.3g/t Au from 362.9m. TORONTO, Feb. 13, 2018 -- Probe Metals Inc. (TSX-V:PRB) (OTCQB:P | |
| Resources: | (Resource, Inf.): 770koz @ 2.6g/t Au at project | |
| CP/QP: | [Overall Report]: Marco Gagnon (Internal) | |
| ABSTRACT: | TORONTO, Feb. 13, 2018 -- Probe Metals Inc. (TSX-V:PRB) (OTCQB:PROBF) (“Probe” or the “Company”) is pleased to provide new results from the 2017 drill program at its 100% owned Val-d’Or East project (the “Project”) located near Val-d’Or, Quebec. Results from twenty-four (24) drill holes, totaling 12,273 metres, were received and indicate continued expansion of all four gold zones. An updated resource estimate, incorporating new drill results from the 2016 and 2017 program, is expected shortly. With this last set of drilling results, the New Beliveau gold deposit mineralization has been delineated over an expanded area of more than 1 kilometre by 500 metres (See Figure 1) and to a depth of over 900 metres. Expansion drilling to the West has returned results grading up to 5.3 g/t over 10.1 metres, at a vertical depth of approximately 300 metres in Hole PC-17-237. Expansion drilling to the South has returned encouraging results with new intercepts grading up to 3 g/t over 7.2 metres, 3.7 g/t over 6.7 metres, 3.4 g/t over 7.6 metres and 10.7 g/t Au over 2.5 metres, between surface to 250 metres vertical depth, in holes PC-17-257, -258, -251 and –245, respectively. New drilling in near surface mineralization west of the former Beliveau Mine continues to confirm grade and thickness with results of up to 10.4 g/t Au over 3.9 metres within a broader zone of 2.3 g/t over 25.3 metres, in Hole PC-17-246. A mineralized interval of 5.4 g/t Au over 6.3 metres intersected at approximately 400 metres vertical depth in Hole PC-17-246 to the southwest of the deposit also indicates that the stacked gold veins system is still open in this direction. | |
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