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Probe Metals Inc.
Summary
| Project: | Val-d'Or East | |
|---|---|---|
| Deposit: | Val-d'Or East | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/17/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-12-2018: 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. 61.1m @ 2.2g/t Au from 101.5m . TORONTO, Dec. 17, 2018 -- Probe Metals Inc. (TSX-V: PRB) (OTCQ | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Marco Gagnon (Internal) | |
| ABSTRACT: | TORONTO, Dec. 17, 2018 -- Probe Metals Inc. (TSX-V: PRB) (OTCQB: PROBF) (“Probe” or the “Company”) is pleased to provide new results from its 2018 drill program on the Val-d’Or East Pascalis property (the “Property”) located near Val-d’Or, Quebec. Results from thirty-nine (39) drill holes, totaling 15,438 metres, were received and show continued expansion and strong continuity of the gold resource within the Pascalis Gold Trend (See Figure 1). The 2018 drilling program has been completed with over 108,000 metres drilled on the Val-d’Or East property in 334 holes. Results for the remaining holes drilled this year will be released in early 2019. Significant new drill results from the current program are presented below. David Palmer, President and CEO of Probe, states “2018 turned out to be a very productive and successful year for the Vald’Or East project. In addition to the continued expansion of our current gold resources, Probe made numerous gold discoveries during the first two phases of its regional drilling programs on the Monique and Courvan properties, respectively. As well as running one of the largest drill programs of 2018, we were able to complete regional-scale ground geophysical programs, including high-power 3D surveys, and geological mapping programs, which identified numerous, highly prospective targets for 2019. We are fortunate to end the year with encouraging results and a strong treasury and we are planning for a very active year in 2019. We will continue to advance the project with a focus on resource growth, regional exploration and development work. On behalf of the Board and Management, we would like to thank shareholders for their support as we look forward to continued success in 2019.” Current results demonstrate expansion of the New Beliveau deposit to the south and significant growth of the North Zone to the north and east. As with previous releases, the focus of the drilling has been the growth of near surface mineralization, between 0 and 300 metres depth. In addition to resource growth, drilling has also aided in strengthening our geological model and confirming continuity of the gold mineralization. To date, the mineralized system at Val-d’Or East has been expanded into nine (9) gold zones across the properties, with recent exploration results continuing to indicate strong potential for additional discoveries along the Pascalis Gold Trend. | |
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