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Probe Metals Inc.
Summary
| Project: | Val-d'Or East | |
|---|---|---|
| Deposit: | Val-d'Or East | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/9/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-7-2018: 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. 35.0m @ 2.2g/t Au from 279.0m . TORONTO, July 09, 2018 -- Probe Metals Inc. (TSX-V:PRB) (OTCQB:P | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Marco Gagnon (Internal) | |
| ABSTRACT: | TORONTO, July 09, 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-two (42) drill holes, totaling 15,248 metres, were received and show continued expansion of the gold resource within the Pascalis Gold Trend. In addition, two new discoveries were made at the north and south ends of the current limits of the explored gold corridor. Significant drill results are presented below. David Palmer, President and CEO of Probe, states, “In addition to its remarkable continuity and consistency, the Pascalis Gold Trend continues to impress us with its expansion potential as we extend out the boundaries of the mineralized system. The most recent drilling has resulted in two new gold discoveries, up to 350 metres away from the current resource areas, confirming that we are over a significant gold system. Results to date are extremely encouraging and we will now be increasing the drilling program to follow up on these recent successes.” Along the Pascalis Gold Trend, the New Beliveau Deposit resource expansion drilling to the West returned significant mineralization in four holes. Best intercepts come from hole PC-18-316 grading 7.0 g/t Au over 5.0 metres and 3.2 g/t over 5 metres and from hole PC-18-318 grading 5.6 g/t Au over 3.3 metres, 7.3 g/t Au over 6.6 metres and 15.8 g/t Au over 2.2 metres. New dyke-hosted gold mineralization has now been found up to 850 metres west of the former Beliveau Mine (see Figure 1). Further drilling will mainly target the gold system in the area west and south of the current resource estimate at New Beliveau. Two drill holes targeting the eastern extension of the North Zone returned significant mineralization of grading 4.1 g/t Au over 15.4 metres within a larger zone grading 2.2 g/t Au over 35 metres at 279 metres depth along the hole (PC-18-328) and 16.5 g/t Au over 2.5 metres at 429 metres depth along the hole (PC-18-337). Two drill holes, targeting the western extension of the North Zone also returned interesting gold mineralization of 3.2 g/t Au over 8.2 metres at 186 metres depth along the hole (PC18-334) and 23.1 g/t Au over 0.5 me | |
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