Probe Metals Inc. is very pleased to announce the appointment of Ms. Aleksandra Bukacheva to its board of directors, effective immediately. Ms. Bukacheva is a capital markets and finance professional focused on the metals and mining industry. She was most recently an independent director at Battle North Gold Corp. before it was acquired by [...]
Highlights: The resource estimate demonstrates significant increase in Measured & Indicated ounces, continued expansion of the gold resource and potential future resource upside 16% increase in total ounces, 2.68M ounces in pit constrained resource and 1.30M ounces in underground resource 105% increase in overall M&I ounces Monique deposit is a [...]
Highlights: First results from the 2021 drill program on the Monique property returned impressive grades and thickness M Zone expansion drilling returned 5.3 g/t Au over 18.7 metres, 4.5 g/t Au over 13.6 metres and 3.8 g/t over 4.0 metres, located 750 metres southeast of the Former Monique open pit Mine, between surface and 275 metres vertical [...]
Highlights: Metallurgical testing has demonstrated above 50% Gravity Recoverable Gold and 95% overall gold recovery on most deposits. All deposits are amenable to treatment in a single processing facility. Composite samples from all deposits suggest the presence of coarse gold and show negligible amounts of deleterious elements, such as Arsenic [...]
Highlights: Regional Geochemical programs have identified numerous high-priority gold and gold-copper targets for detailed follow-up in 2021. Induced Polarization geophysical surveys south of Fenelon/Tabasco area have outlined priority drill targets, survey area now being expanded to cover new geochemical anomalies. Additional geophysical programs [...]
Highlights: Infill drilling continues to show good continuity in mineralisation with results grading up to 11 g/t Au over 7.2 metres and 136 g/t Au over 1 metre. Near-surface expansion drilling at New Beliveau returned 56.1 g/t Au over 1.1 metres, 8.2 g/t Au over 3 metres and 7.8 g/t Au over 3 metres. Near-surface expansion drilling at North Zone [...]
Probe Metals Inc. announces that it has granted options to acquire a total of 1,325,000 common shares of the Company to officers and directors at the exercise price of $1.42 per share for a period of five years, subject to vesting requirements. Additionally, the Company has granted 705,000 restricted stock units to officers and directors of the [...]
Highlights: The geotechnical program was conducted to determine mine design constraints to be applied as input parameters for the upcoming Preliminary Economic Assessment for the Val-d'Or East project. All deposits showed better inter-ramp slope angles and rock strength than initially considered for significant portions of the open pits. The [...]
Highlights: Expansion drilling along the Courvan Gold Trend strike show new high-grade discoveries near surface and at depth. Deeper drilling at the Creek Zone returned multiple discoveries, including 14.8 g/t Au over 7.5 metres, 14.4 g/t Au over 3.0 metres 23.0 g/t Au over 1.6 metres, 3.4 g/t Au over 7.5 metres and 5.0 g/t Au over 2.4 metres [...]
Highlights: I Zone expansion drilling returned 7.3 g/t Au over 10.4 metres, 2.9 g/t Au over 17.9 metres, 2.4 g/t Au over 10 metres 1.5 g/t Au over 12.8 metres and 1.8 g/t over 11.9 metres, located 300 metres south of the Former Monique open pit Mine, between surface and 200 metres vertical depth. M Zone expansion drilling returned 2.6 g/t Au over 5 [...]
Highlights: Both mineralized material and waste rock have been classified as non-acid generating and non-leachable as per the regulatory standards prescribed by the provincial and federal governments. Positive classification of mineralized material and waste rock should reduce the mining infrastructure costs of development for the Val -d’Or East [...]
TORONTO, Dec. 02, 2020 -- Probe Metals Inc. is pleased to announce that is has closed its previously announced non-brokered private placement for aggregate gross proceeds of C$10,040,000 . The Offering was comprised of 2,500,000 flow-through units of the Company at a price of C$2.80 per FT Unit and 1,900,000 hard dollar units of the Company at a price of C$1.60 per Hard Unit. Each FT Unit and each Hard Unit consists of one common share of the Company and one-half of one common share purchase warrant . Each Warrant entitles the holder to acquire one common share of the Company for 2 years from the closing of the Offering at a price of C$2.10. The net proceeds from the Offering will be used to fund exploration on Probe's projects in Qu?bec and for working capital purpos... [...]