Highlights: Results of the infill and expansion drill campaign continue to demonstrate growth and improvement in the Monique Deposit and mine plan, updated resource for Monique deposit expected by year end and, for Pascalis and Courvan trends in Q1 2023 Infill drilling continues to strengthen resource and return significant new intersections grading up to 15.1 g/t Au over 7.4 m, including 129.0 g/t Au over 0.8 metre; 1.5 [...]
Highlights: Continued expansion along strike and depth at the Monique gold zones Expansion drilling returned intersections grading up to: 12.7 g/t Au over 8.1 metres , including 141.0 g/t Au over 0.9 metre, 1.5 g/t Au over 26.7 metres, 2.1 g/t Au over 14.5 metres, 45.1 g/t Au over 1 metre and 59.1 g/t Au over 0.6 metre between surface and 300 metres depth Infill drilling continues to confirm resource, returning: 1.9 g/t [...]
Probe Metals Inc. is pleased to announce the appointment of Patrick Langlois as Chief Financial Officer and Vice President, Corporate Development to the Company. Patrick will take over from Carmelo Marrelli, who has stepped down from his role as Chief Financial Officer. We thank Carmelo for his many years of service and contributions to the advancement of Probe. David Palmer, CEO of Probe Metals, states "Probe is rapidly [...]
Highlights: Continued expansion along strike and depth at the Monique gold zones Expansion drilling returned impressive intersections of 6.0 g/t Au over 16.0 metres, 5.8 g/t Au over 13.2 metres, 5.6 g/t Au over 10.0 metres, 3.7 g/t Au over 18.0 metres, 1.4 g/t Au over 39.1 metres and 1.1 g/t Au over 48.9 metres, all at shallow depths Infill drilling continues to confirm resource, returning up to 1.0 g/t Au over 100.2 [...]
Probe Metals Inc. is pleased to announce that it has closed its previously announced bought deal private placement for aggregate gross proceeds of $20,770,000 . The Offering was comprised of 6,700,000 flow-through units of the Company at a price of $3.10 per Flow-Through Unit. Each Flow-Through Unit consists of one common share of the Company issued as a "flow-through share" and one-half of one common share purchase [...]
Probe Metals Inc. is pleased to announce that as a result of strong investor demand, the Company has amended its agreement with a syndicate of underwriters led by Canaccord Genuity, and including Sprott Capital Partners, CIBC Capital Markets, BMO Capital Markets, iA Private Wealth, Research Capital Corporation and Laurentian Bank Securities, to increase the size of its previously announced "bought deal" private placement [...]
Probe Metals Inc. is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. on behalf of a syndicate of underwriters, pursuant to which the Underwriters have agreed to purchase, on a "bought deal" basis, 4,840,000 flow-through units of the Company at a price of $3.10 per Flow-Through Unit for gross proceeds of $15,004,000. Each Flow-Through Unit will consist of one common share of the [...]
Highlights: Expansion drilling shows continued extension along strike and at depth for the Monique gold zones B zone returned 4.2 g/t Au over 5.5 m, 4.4 g/t Au over 15.8 m and 6.0 g/t Au over 4.0 m at 275, 375 and 585 m vertical depth, respectively I and M zones returned 2.0 g/t Au over 30.0 m, 23.4 g/t Au over 1.2 m, 1.6 g/t Au over 15.6 m and 1.7 g/t Au over 13.4 m between surface and 300 metres vertical depth A and E [...]
2021 Achievements: Updated Val-d'Or East Gold mineral resource - doubled Measured and Indicated ounces to 1.8M and increased inferred ounces to 2.3M. Positive Preliminary Economic Assessment study based on 2.58M ounce resource in open pit and underground mining. Robust economic model - average annual production of 207,000 ounces, peaking at ~230,000 ounces, after-tax Net Present Value of C$598M, and IRR of 32.8%1 [...]
Probe Metals Inc. is pleased to announce that it has raised $7.0 million from the exercise of 5,376,249 share purchase warrants with a strike price of $1.30 . The Warrants were originally issued as part of the private placement completed in December 2019. As of today, the Company has approximately $31.4 million in cash and investments. David Palmer, President and CEO of Probe, states, "The exercise of warrants has not [...]
Highlights: New results continue to return impressive gold grades and thickness M zone resource expansion drilling results returned best intercept to date on the Monique property: 4.7 g/t Au over 26.0 metres , including 182.0 g/t Au over 0.9 metre at 300 metres vertical depth, open along strike and at depth Drilling results continue to confirm expansion and continuity of the A, B, I & M zones with highlights of up to 3.8 [...]
Probe Metals Inc. is pleased to announce the filing of the independent Preliminary Economic Assessment technical report for its 100% owned Val-d'Or East project, located in Val-d'Or, Qu?bec. The Val-d'Or East PEA supports a robust mining plan that averages over 200,000 ounces per year of gold production, with over 230,000 ounces per year in the first eight years of the 13 year mine life, and boasts an impressive after-tax [...]
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