Probe Metals (TSXV: PRB) this morning released further results from its ongoing exploration programs, this time for its Monique Property in the Val-d’Or East region of Quebec. Results published are from a total of thirteen drill holes, totaling 4,763 metres. Included in the results is the discovery of a new gold zone, referred to as the P zone.
Drilling at the Monique Property has been focused on expansion drilling around the former open pit mine located on the property, along with other gold zones. Eleven of thirteen holes were designed to test zones at shallow depth, at a location northwest of the former Monique Open Pit Mine. Here, the new zone was intersected at what is said to be the beginning of the holes.
Highlights of the new P zone onclude grading of 1.4 grams per tonne gold over 22.5 metres, which includes 7.0 grams per tonne gold over 2.5 metres. This zone was discovered 100 to 200 metres north-northwest of the former open pit mine. The new zone remains open for expansion, having been tested over only 200 metres.
Outside of the new zone discovery, the company has expanded on its resources in the A, J and L zone. In the case of the A zone, Probe drilled 4.8 g/t gold over 5.0 metres, and 8.2 g/t gold over 3.7 metres. In the case of the J zone, strike was extended an additional 200 metres with results of 14.0 g/t gold over 3.0 metres and 8.1 g/t gold over 5.1 metres.
The company currently intends to conduct additional drilling at depth for the A zone, while the J, L, and P zones are to be drilled along strike and at depth.
Probe Metals last traded at $1.30 on the TSX Venture.
Information for this briefing was found via Sedar and Probe Metals. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
