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... [...]
Probe Metals Inc. is pleased to announce the initiation of a Preliminary Economic Assessment on its 100% owned Val-d’Or East project in Val-d’Or, Qu?bec. The company has appointed Ausenco Engineering Canada Inc. as the lead consultant, to prepare the PEA in accordance with National Instrument 43-101 . Ausenco is an internationally respected [...]
Highlights: Continued strike and depth expansion along all gold zones Expansion drilling returned 20.8 g/t Au over 2.9 metres, 1.4 g/t Au over 16.1 metres and 2.1 g/t over 11.4 metres on the I zone located 300 metres south of the Former Monique open pit Mine, between surface and 60 metres vertical depth Infill drilling returned 1.0 g/t Au over 47.3 [...]
Nov. 04, 2020 -- Probe Metals Inc. is pleased to announce a non-brokered private placement consisting 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 for aggregate gross proceeds of C$10,040,000 . Each FT Unit and each Hard Unit will [...]
Highlights: Expansion Drilling continues to discover near-surface mineralization around the current gold resources Drilling returned 5.9 g/t over 9.2 metres 600 metres south of the Former Beliveau Mine, between surface and 150 metres vertical depth, drilling also intersected 1.7 g/t Au over 11metres in the same area New gold zone discovered [...]
Probe Metals Inc. is pleased to announce the identification of three high-priority areas less than four kilometres south of the Fenelon deposit and the Tabasco, Area 51 and Reaper zones held by Wallbridge Mining Company Ltd.. The three areas were identified by an OreVision induced polarization geophysical survey conducted in September 2020 on the [...]
Probe Metals Inc. is pleased to provide an update for its 2020 exploration program on the Detour Quebec Project located 40 kilometres northwest of Matagami, Quebec and adjacent to the Detour Lake mine property, Ontario. The Project consists of four properties: the Gaudet-Fenelon JV, the La Peltrie Option and the Detour Quebec Main and North [...]