EXPLORATION & DEVELOPMENT

Probe hits more gold

Explorer Probe Metals (CN:PRB) says encouraging results from its ongoing 2017 drill programme are confirming its belief that the Beliveau mineralisation at its Val-d’Or East project in Quebec is more widespread than previously envisioned.

Staff reporter
Probe Metals’ exploration continues to deliver

Probe Metals’ exploration continues to deliver

Five rigs are focused on resource expansion and exploration around the New Beliveau gold deposit.

The latest highlights include 57.4m at 3g/t gold under the former Beliveau mine main dyke; 35m at 2.3g/t at near-surface expansion drilling to the east of New Beliveau; and 16.5m at 5.1g/t under the Highway Zone.

President and CEO David Palmer said drilling had established continuity in the mineralised zones and demonstrated the high-grade material continued as the company expanded the boundaries of the deposits.

The company has announced a series of positive drilling results this year and is increasing its landholding in Val-d'Or.

The New Beliveau deposit, including the Highway and North Zones, contains an inferred resource of 770,000 ounces.

Shares in the company closed up more than 4% yesterday to C$1.52, capitalising the company around $140 million.

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