| Announcement Date: | 2022-10-18 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Probe Metals Inc. |
| Project name: | Val-d’Or East |
| Location: | Canada |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 7.4m at 18.2g/t Au from 465.7m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Toronto, October 18, 2022 – Probe Metals Inc. (TSX-V: PRB) (OTCQB: PROBF) (“Probe” or the “Company”) is pleased to provide the fifth set of results from the 2022 drill program on its 100%- owned Val-d’Or East Monique property (the “Property”) located near Val-d’Or, Quebec. Results from forty-five (45) new holes demonstrate continued strike and depth expansion with significant gold intercepts along the Monique gold zones, which all remain open along strike and at depth. The 2022 drill program aimed to convert, expand, and discover new gold resources within and surrounding the conceptual pits from the 2021 PEA report (see figure 1). Results from two hundred sixty-three (263) holes drilled at Monique (130), Pascalis (127) and Courvan (6) are still pending and will be released as they are received and interpreted. Selected highlights from the current results are presented below. In addition to drilling activities, Probe is advancing rock mechanics, ground geotechnical, metallurgical and baseline studies which are required for the completion of the Prefeasibility Study scheduled to be released in fall 2023. David Palmer, President and CEO of Probe, states: “The consistency of Monique mineralization has been remarkable. Drilling has confirmed thick, continuous gold zones and the deposit has continued to grow and improve rapidly during this phase of drilling. We have defined continuous gold mineralization over more than 2km of strike |
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