Highlights: New results from the 2021 drill program surrounding the Former Monique Mine show good continuity of the gold zones, which are still open along strike and at depth Expansion drilling continues to return impressive results, including 21.8 g/t Au over 2.0 metres, 7.2 g/t Au over 4.1 metres, 6.5 g/t Au over 4.8 metres, 1.9 g/t Au over 10.9 metres, 1.6 g/t Au over 16.0 metres and 1.5 g/t Au over 44.8 metres between [...]
Probe Metals Inc. is pleased to announce the appointment of Ms. Ann Lamontagne as the director of infrastructure, environment and sustainability. Ms. Lamontagne is a civil engineer with a PhD in Mining Environment from the department of Mines & Metallurgy Engineering at Laval University. She has worked for several mining consulting firms, including SNC-Lavalin and Golder, and founded her own company, Lamont Inc. in 2010 [...]
Highlights: Robust economics with after-tax net present value of C$598M, internal rate of return of 32.8% and payback of 2.7 years estimated with gold price of US$1,500 per ounce 12.5 year mine life producing 2.58 Million ounces of gold Average annual gold production of 207,000 ounces over life of mine , with an average of 231,000 ounces per year in the first eight years Average cash cost of US$786/oz and all-in [...]
Probe Metals Inc. is pleased to announce that it has completed the second payment due in consideration of a binding option agreement previously announced on July 9, 2020 with Midland Exploration Inc. , whereby Probe may earn up to a 65% interest in the La Peltrie gold property . The details of the transaction are described in the Company's press release dated July 9, 2020. Pursuant to the Agreement, the Company issued [...]
Newmont announced that on July 20, 2021, through its wholly owned subsidiary, Goldcorp Inc., it disposed of it 15,148,646 common shares of Probe Metals Inc.. Immediately prior to the Disposition, Newmont beneficially owned or exercised control or direction over 15,148,646 Common Shares, representing approximately 11.6 percent of the issued and outstanding Common Shares. Following the Disposition, Newmont no longer has [...]
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 July 14th , prepared in accordance with National Instrument 43-101 is available for review on both SEDAR and the Company's website . The Resource Estimate, which is the subject of the NI 43-101 [...]
Highlights: A 4,500-metre drilling program is set to begin in July The drill program will test numerous high-priority gold targets identified by Induced Polarization geophysical surveys and regional geochemical programs TORONTO, June 29, 2021 -- Probe Metals Inc. in partnership with Midland Exploration Inc. , is pleased to announce the start of a 4,500-metre drilling program to test new high-priority targets on the [...]
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 Evolution Mining Limited. Prior to that she was Executive Vice President, Corporate [...]
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 standout performer, more than doubling its current resource to 660,400 M&I and [...]
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 depth B Zone infill drilling returned 4.8 g/t Au over 19.1 metres, 9.6 g/t Au [...]
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, Antimony and Tellurium. A grade-recovery curve has been calculated for all [...]
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 have commenced on three other priority areas. 20,000m drill program is [...]
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