Probe Gold Inc.

Highlights: Infill drilling continues to show good continuity in mineralisation with results grading up to 11 g/t Au over 7.2 metres and 136 g/t Au over 1 metre. Near-surface expansion drilling at New Beliveau returned 56.1 g/t Au over 1.1 metres, 8.2 g/t Au over 3 metres and 7.8 g/t Au over 3 metres. Near-surface expansion drilling at North Zone returned 96.6 g/t Au over 0.5 metre, 15.5 g/t Au over 1 metre and 1.5 g/t Au [...]

Probe Metals Inc. announces that it has granted options to acquire a total of 1,325,000 common shares of the Company to officers and directors at the exercise price of $1.42 per share for a period of five years, subject to vesting requirements. Additionally, the Company has granted 705,000 restricted stock units to officers and directors of the Company under the terms of the Company's restricted share unit plan . Each RSU [...]

Highlights: The geotechnical program was conducted to determine mine design constraints to be applied as input parameters for the upcoming Preliminary Economic Assessment for the Val-d'Or East project. All deposits showed better inter-ramp slope angles and rock strength than initially considered for significant portions of the open pits. The ability to increase pit slopes should allow for reduced waste to ore ratios and [...]

Highlights: Expansion drilling along the Courvan Gold Trend strike show new high-grade discoveries near surface and at depth. Deeper drilling at the Creek Zone returned multiple discoveries, including 14.8 g/t Au over 7.5 metres, 14.4 g/t Au over 3.0 metres 23.0 g/t Au over 1.6 metres, 3.4 g/t Au over 7.5 metres and 5.0 g/t Au over 2.4 metres between 350 metres and 675 metres vertical depth along five structures [...]

Highlights: I Zone expansion drilling returned 7.3 g/t Au over 10.4 metres, 2.9 g/t Au over 17.9 metres, 2.4 g/t Au over 10 metres 1.5 g/t Au over 12.8 metres and 1.8 g/t over 11.9 metres, located 300 metres south of the Former Monique open pit Mine, between surface and 200 metres vertical depth. M Zone expansion drilling returned 2.6 g/t Au over 5 metres and 2.3 g/t over 8 metres, located 700 metres southeast of the [...]

Highlights: Both mineralized material and waste rock have been classified as non-acid generating and non-leachable as per the regulatory standards prescribed by the provincial and federal governments. Positive classification of mineralized material and waste rock should reduce the mining infrastructure costs of development for the Val -d’Or East project. Updated resources estimate and Preliminary Economic Assessment study [...]

TORONTO, Dec. 02, 2020 -- Probe Metals Inc. is pleased to announce that is has closed its previously announced non-brokered private placement for aggregate gross proceeds of C$10,040,000 . The Offering was comprised of 2,500,000 flow-through units of the Company at a price of C$2.80 per FT Unit and 1,900,000 hard dollar units of the Company at a price of C$1.60 per Hard Unit. Each FT Unit and each Hard Unit consists of one common share of the Company and one-half of one common share purchase warrant . Each Warrant entitles the holder to acquire one common share of the Company for 2 years from the closing of the Offering at a price of C$2.10. The net proceeds from the Offering will be used to fund exploration on Probe's projects in Qu?bec and for working capital purpos... [...]

Probe Metals Inc. is pleased to announce the initiation of a Preliminary Economic Assessment on its 100% owned Val-d’Or East project in Val-d’Or, Qu?bec. The company has appointed Ausenco Engineering Canada Inc. as the lead consultant, to prepare the PEA in accordance with National Instrument 43-101 . Ausenco is an internationally respected engineering consultant that has completed numerous studies in Canada and Quebec on [...]

Highlights: Continued strike and depth expansion along all gold zones Expansion drilling returned 20.8 g/t Au over 2.9 metres, 1.4 g/t Au over 16.1 metres and 2.1 g/t over 11.4 metres on the I zone located 300 metres south of the Former Monique open pit Mine, between surface and 60 metres vertical depth Infill drilling returned 1.0 g/t Au over 47.3 metres and 2.7g/t over 21.5 metres on J and L zones west of and under the [...]

Nov. 04, 2020 -- Probe Metals Inc. is pleased to announce a non-brokered private placement consisting of 2,500,000 flow-through units of the Company at a price of C$2.80 per FT Unit and 1,900,000 hard dollar units of the Company at a price of C$1.60 per Hard Unit for aggregate gross proceeds of C$10,040,000 . Each FT Unit and each Hard Unit will consist of one common share of the Company and one-half of one common share [...]