You can use your smart phone to browse stories in the comfort of your hand. Simply browse this site on your smart phone.

    Using an RSS Reader you can access most recent stories and other feeds posted on this network.

    SNetwork Recent Stories

Probe Metals Intersects 3.2 g/t Gold Over 45.5 Metres At Val-d’Or East

by pmnationtalk on September 18, 2018247 Views

Highlights:

  • Near-surface intercept grading 3.2 g/t Au over 45.5 metres within a broader zone of 1.0 g/t over 209 metres, located 750 metres south of the Former Beliveau Mine.
  • New Beliveau Deposit resource expansion drilling returned significant intercept grading 2.8 g/t Au over 47 metres at shallow depth.
  • North Zone resource expansion drilling returned 5.7 g/t Au over 9.0 metres within a larger zone grading 1.6 g/t Au over 41.5 metres at shallow depth.
  • Infill drilling results at New Beliveau and North Zone continue to confirm bulk tonnage potential.
  • Six drills turning on the project.

Toronto, September 18, 2018 – PROBE METALS INC. (TSX-V: PRB) (OTCQB: PROBF) (“Probe” or the “Company”) is pleased to provide new results from the ongoing 85,000 metres drill program at its 100% owned Val-d’Or East project (the “Project”) located near Val-d’Or, Quebec. Results from forty-eight (48) drill holes, totaling 18,013 metres, were received and show continued expansion of the gold resource within the Pascalis Gold Trend. In July and August, the Company added a fifth and a sixth drill to follow up on recent successes and to test new gold targets in the Courvan area. Significant drill results are presented below.

David Palmer, President and CEO of Probe, states, “Two key elements of any good project are consistency and continuity of mineralization and these most recent drill results continue to demonstrate this for our Val-d’Or East project. The expansion drilling program is showing repeated success in increasing the footprint of our high-grade, near-surface mineralization while infill drilling is confirming the potential of the project to host a bulk tonnage gold system. With a strong balance sheet, the success of our exploration programs and a growing confidence in our mineralized system, we have added two drills to the fall drilling rotation. We are looking forward to accelerating our progress on the project and will keep Investors updated as we move the project forward.”

As of the most recent drilling, the New Beliveau gold deposit mineralization has been identified over an expanded area of approximately 850 metres by 1,200 metres (See Figure 1) and to a depth of over 900 metres. New drilling between the South Zone and New Beliveau deposit suggest that gold mineralization is continuous and that both zones could be connected with further drilling. In this area, holes PC-18-379 and PC-18-401 returned near-surface interesting results grading up to 3.2 g/t over 7 metres and 3.2 g/t over 45.5 metres respectively. Holes PC-18-386 and PC-18-391 to the East also returned interesting results, expanding the mineralization with near-surface intercepts grading up to 2.8 g/t over 7.6 metres and 2.8 g/t over 40 metres. At the western limit of our current resource estimate, a new higher-grade structure returning 5.1 g/t Au over 5.7 metres was intersected at 275 metres depth. This intercept is located 110 metres west of Hole PC-17-100, which previously returned 1,122 g/t Au over 0.7 metres. New drilling continues to expand our understanding of the mineralization at New Beliveau and further indicates strong potential for additional resource expansion.

These latest results also include significant drill intercepts in resource expansion at the North Zone. To the east and southeast of the resource, seven holes intersected significant mineralization including hole PC-18-367 intersecting 5.7 g/t Au over 9.0 metres within a larger zone grading 1.6 g/t Au over 41.5 metres at 100 metres depth. Holes PC-18-392 and PC-18-395, which targeted the southwest limit of the North Zone, intersected 1.8 g/t Au over 25.6 metres and 14.2 g/t Au over 2 metres respectively at shallow depth.

Infill drilling results at New Beliveau and North Zone continue to confirm bulk tonnage potential with intercepts grading up to 1.4 g/t Au over 99 metres, including 17.6 g/t Au over 4.3 metres, and 1.4 g/t Au over 73.3 metres, including 3.9 g/t Au over 5.2 metres, respectively.

Along the Pascalis Gold Trend, four drills are testing the gold system in the area west and south of the current resource estimate at New Beliveau and surrounding the North and Highway Zones. Two drills are also testing historical gold showing and lateral extensions of the Former Bussières gold mine in the Courvan area located 1 to 1.5 kilometres West of the Pascalis Gold Trend.

Mineralization intersected in the Pascalis Gold Trend is characterized mainly by sulphide-bearing quartz-tourmaline veins associated with mineralized diorite dykes cross-cutting volcanic rocks.

Read More: https://www.probemetals.com/site/assets/files/1399/probemetals_release_2018-09-18_new_beliveau_drilling_final_v2.pdf

NT4

Send To Friend Email Print Story

Comments are closed.

NationTalk Partners & Sponsors Learn More