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Probe Metals Inc.
Summary
| Project: | Val-d'Or East | |
|---|---|---|
| Deposit: | Val-d'Or East | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/6/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-12-2016: 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. 143m @ 2.0g/t Au from 14.8m. Toronto, December 6, 2016 – PROBE METALS INC. (TSX-V: PRB) (“Probe | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Marco Gagnon (Internal) | |
| ABSTRACT: | Toronto, December 6, 2016 – PROBE METALS INC. (TSX-V: PRB) (“Probe” or the “Company, is pleased to announce results from the ongoing drilling program on its 100% owned Val-d’Or East project (the "Project") located in Quebec (see table 1). In addition to further definition and delineation of the East-West–trending gold-bearing quartz-tourmaline vein system, drilling was also successful in discovering a new high-grade gold zone hosted by diorite dyke, similar to that of the past-producing Beliveau Mine. The new gold zone was intersected by an infill drill hole, DDH PC-90, which was originally designed to test for higher grade mineralization within the east-west-trending quartz-tourmaline vein system. At approximately 400 metres depth (down-hole) a north-south-trending diorite dyke containing numerous zones of significant disseminated pyrite mineralization and quartz-tourmaline veins, similar to that hosting the former Beliveau Mine, were intersected and traced down to over 800 metres depth down hole. The true width of these zones is not known and will require further drilling to determine. The presence of strong gold mineralization in the diorite dyke at these depths indicates that the east-west feeder system is active at these levels and bodes well for further expansion along strike, away from the dyke, at these depths. In addition to the new zone, the higher-grade quartz-tourmaline vein mineralization originally targeted was also intersected at shallow depths in Hole PC-90, returning an impressive 2.0 g/t Au over 143 metres starting at 15 metres depth (down hole). Other highlights of the near-surface vein system include: 2.5 g/t Au over 25.5 metres in Hole PC-86; and 3.0 g/t Au over 16.0 metres in Hole PC-88. Results from this firstphase drilling program are very encouraging, and indicate increased potential for both near-surface bulk tonnage and deeper, higher grade mineralized systems. | |
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