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Probe Metals Inc.
Summary
| Project: | Val-d'Or East | |
|---|---|---|
| Deposit: | Val-d'Or East | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/18/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-9-2018: 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. 209.2m @ 1.0g/t Au from 131.3m . TORONTO, Sept. 18, 2018 -- Probe Metals Inc. (TSX-V: PRB) (OTC | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Marco Gagnon (Internal) | |
| ABSTRACT: | TORONTO, Sept. 18, 2018 -- Probe Metals Inc. (TSX-V: PRB) (OTCQB: PROBF) (“Probe” or the “Company”) is pleased to provide new results from the ongoing 85,000 metres drill program at its 100% owned Val-d’Or East project (the “Project”) located near Val-d’Or, Quebec. Results from forty-eight (48) drill holes, totaling 18,013 metres, were received and show continued expansion of the gold resource within the Pascalis Gold Trend. In July and August, the Company added a fifth and a sixth drill to follow up on recent successes and to test new gold targets in the Courvan area. Significant drill results are presented below. David Palmer, President and CEO of Probe, states, “Two key elements of any good project are consistency and continuity of mineralization and these most recent drill results continue to demonstrate this for our Val-d’Or East project. The expansion drilling program is showing repeated success in increasing the footprint of our high-grade, near-surface mineralization while infill drilling is confirming the potential of the project to host a bulk tonnage gold system. With a strong balance sheet, the success of our exploration programs and a growing confidence in our mineralized system, we have added two drills to the fall drilling rotation. We are looking forward to accelerating our progress on the project and will keep Investors updated as we move the project forward.” As of the most recent drilling, the New Beliveau gold deposit mineralization has been identified over an expanded area of approximately 850 metres by 1,200 metres (See Figure 1) and to a depth of over 900 metres. New drilling between the South Zone and New Beliveau deposit suggest that gold mineralization is continuous and that both zones could be connected with further drilling. In this area, holes PC-18-379 and PC-18-401 returned near-surface interesting results grading up to 3.2 g/t over 7 metres and 3.2 g/t over 45.5 metres respectively. Holes PC-18-386 and PC-18-391 to the East also returned interesting results, expanding the mineralization with near-surface intercepts grading up to 2.8 g/t over 7.6 metres and 2.8 g/t over 40 metres. At the western limit of our current resource estimate, a new higher-grade structure returning 5.1 g/t Au over 5.7 metres was intersected at 275 metres depth. This intercept is located 110 metres west of Hole PC-17-100, which previously returned 1,122 g/t Au over 0.7 metres. New drilling continues to expand our understanding of the mineralization at New Beliveau and further indicates strong potential for additional resource expansion. | |
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