Probe Metals Inc. is pleased to announce that it has closed its previously announced bought deal private placement for aggregate gross proceeds of $17,000,000. The Offering was comprised of 7,697,500 flow through units of the Company at a price of C$1.80 per FT Unit for gross flow-through proceeds of $13,855,500 and 3,144,500 non flow-through units of the Company at a price of C$1.00 per Hard Dollar Unit for gross non [...]
Probe Metals Inc. is pleased to announce that it has increased the size of its previously announced bought deal private placement to $17,000,000. Pursuant to an amended agreement, the syndicate of underwriters co-led by Sprott Capital Partners LP and Canaccord Genuity Corp. and including BMO Nesbitt Burns Inc., Cormark Securities Inc., Mackie Research Capital Corp., Industrial Alliance Securities Inc., and Laurentian Bank [...]
Probe Metals Inc. is pleased to announce that it has entered into an agreement with Sprott Capital Partners LP and Canaccord Genuity Corp. to act as co-lead underwriters, on behalf of a syndicate of underwriters , whereby the Underwriters have agreed to purchase, on a “bought deal” private placement basis, $10,000,000 of flow-through units of the Company at a price of $1.80 per Flow-Through Unit with each [...]
Probe Metals Inc. is pleased to announce that it has begun its fall drilling program at the Val-d’Or East project. The fall exploration program, which commenced in September, will include a minimum of 10,000 metres of drilling. The program is focused on expanding the Company’s current gold resources and extending the coverage of regional exploration. For the remainder of 2019, the drill program is focused on [...]
Probe Metals Inc. is pleased to announce the filing of a technical report for its Val-d’Or East project entitled, “NI 43-101 Technical Report for the Val-d’Or East Project, Abitibi Greenstone Belt, Quebec, Canada”. The Report dated October 18th, 2019 was prepared in accordance with National Instrument 43-101 - Standards for Disclosure for Mineral Projects . The Report is available for review on [...]
Highlights: The resource estimate at the Val-d’Or East Project demonstrates continued expansion of the gold resource, addition of new resource zones and potential future resource upside Val-d’Or East Property Pit-Constrained resource at 0.5 grams of gold per tonne cut-off: 352,900 ounces of gold averaging 1.98 g/t Au in the measured category 380,200 ounces of gold averaging 1.49 g/t Au in the indicated [...]
Highlights: New discoveries made at the Val-d’Or East Project during the regional exploration program surrounding the past-producing Monique Mine, located five kilometres east of the New Beliveau Resource A new 500 metre-long gold structure intersected in ten holes 90 metres south of the historic A and B gold zones , includes near-surface intercepts grading 7.6 g/t Au over 10.0 metres, 5.9 g/t Au over 11.5 metres [...]
Highlights: Drilling program continues to expand near surface discoveries on the parallel Courvan gold trend located 1.5 km west of the New Beliveau deposit Drilling results east of the Southwest zone identified significant new gold mineralization with intercepts grading up to 6.8 g/t Au over 5.3 metres, including 25.1 g/t Au over 1.0 metre; and 0.6 g/t Au over 151.2 metres, including 25.5 g/t Au over 1.2 metre Drilling [...]
Highlights: North Zone - resource expansion drilling 100 metres east continues to intersect thick, near-surface mineralization with intervals grading 2.2 g/t Au over 22.4 metres, 2.2 g/t Au over 21.2 metres and 3.4 g/t Au over 7.2 metres; resource expansion drilling 50 metres west intersected new mineralization close to surface with interval grading 2.7 g/t Au over 20.7 metres, 2.3 g/t Au over 9.1 metres and 1.1 g/t Au [...]
Highlights: Drilling results at New Beliveau continue to confirm bulk tonnage potential with intercepts grading up to 3.4 g/t Au over 17.8 metres, including 12.2 g/t Au over 3.3 metres and 2.2 g/t Au over 25.2 metres, including 4.7 g/t Au over 7.0 metres; Resource expansion drilling east of North Zone continued to intersect mineralization with intervals grading up to 2.9 g/t Au over 7.0 metres Results still pending for [...]
Highlights: Surface Map – Val-d’Or East - Courvan and Pascalis Gold Trend Area Winter drill program successfully expands new discoveries on the Courvan property confirming a new parallel gold trend located 1.5km west to the New Beliveau deposit Drilling results at Southwest and Creek Zones, along the Courvan trend, continue to identify significant gold mineralization with intercepts grading up to 1.5 g/t Au [...]
Highlights: Surface Map – Val-d’Or East - Courvan and Pascalis Gold Trend Area Drilling continues to make new discoveries as well as expand previous discoveries on the Courvan property Near-surface intersections grading 9.6 g/t Au over 9.0 metres and 3.2 g/t over 10.0 metres, expanding the east side of the Creek Zone 1,000 metres north of the Former Bussiere Mine Main Zone Two new discoveries grading 8.4 g/t [...]
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