For thousands of other reports visit RSC's Mineral Intellingence Map
Probe Metals Inc.
Summary
| Project: | Val-d'Or East | |
|---|---|---|
| Deposit: | Courvan | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/26/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-3-2019: Probe Metals Inc. announces an Exploration/Drilling Update report for its Courvan deposit at the Val-d'Or East project. Drilling results incl. 104.3m @ 1.5g/t Au from 116.50m . TORONTO, March 26, 2019 -- Probe Metals Inc. (TSX-V: PRB) (OTCQB: P | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Marco Gagnon (Internal) | |
| ABSTRACT: | TORONTO, March 26, 2019 -- Probe Metals Inc. (TSX-V: PRB) (OTCQB: PROBF) (“Probe” or the “Company”) is pleased to provide new results from its ongoing 24,000-metre winter drill program on the Val-d’Or East property area (the “Property”) located near Val-d’Or, Quebec. The drill program is focusing on expansion and exploration drilling in and around the former Beliveau, Bussiere and Monique gold mines. Results from twenty-two (22) follow-up drill holes, totaling 6,285 metres, were received and continue to outline new discoveries as well as expand previous discoveries surrounding the former Bussiere mine in the Courvan area. Drilling continues to indicate strong potential for additional resources north and south of the former Bussiere Mine (see figure 1) as it delineates this new parallel gold trend. The 100%-owned ground is located approximately 1.5 kilometres west of, and adjacent to, the New Beliveau deposit. Significant drill results are presented below. Owing to the continued success of our drilling Probe has decided to postpone the updated Resource Estimate so that the results of this winter program can be included in the calculation. The inclusion of these new results will allow a better assessment of the potential contribution of the parallel gold trend to the overall resource base and will provide a much better understanding of the gold system for our exploration program. The winter drill program will be completed in April and, once all assays are received, we will begin modeling the gold resources. We expect that the updated Resource Estimate will be ready by early Fall 2019. David Palmer, President and CEO of Probe, states, “The identification of a parallel gold trend is significant not only for the potential increase in gold resources but also confirms our belief that the eastern half of Val-d’Or has been underexplored and is highly prospective for new gold discoveries. We have assembled one of the largest land holdings in the area and, with a strong treasury, expect to make significant advances to the project during 2019.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report