Probe Metals Increases Gold Resource to 1,773,500 Ounces Measured Indicated and 2,205,300 Inferred at the Val-d'Or East Project, Doubles Amount of Measured and Indicated Resource
Highlights: The resource estimate demonstrates significant increase in Measured Indicated ("MI") ounces, continued expansion of the gold resource and potential future resource upside 16% increase in total ounces, 2.68M ounces in pit constrained resource and 1.30M ounces in underground resource 105% increase in overall MI ounces Monique deposit is a standout performer, more than doubling its current resource to 660,400 MI and 643,500 Inferred with over 90% within the current mining lease Monique and Pascalis gold deposits will form the cornerstone of the upcoming Preliminary Economic Assessment ("PEA"), representing 77% of the pit-constrained Mineral Resource Estimate This new resource will form the basis of the PEA expected in Q3-2021 Drilling continues at the Val-d'Or East Project, with 50,000 metres of additional drilling in 2021 TORONTO, June 01, 2021 (GLOBE NEWSWIRE) -- Probe Metals Inc. (TSXV: PRB ) (OTCQB: PROBF ) (" Probe " or the " Company") is pleased to announce the release of an Updated Resource Estimate for its Val-d'Or East project (the " Project ") located near Val-d'Or, Quebec.
Probe Metals Increases Gold Resource to 1,773,500 Ounces Measured Indicated and 2,205,300 Inferred at the Val-d'Or East Project, Doubles Amount of Measured and Indicated Resource
Highlights: The resource estimate demonstrates significant increase in Measured Indicated ("MI") ounces, continued expansion of the gold resource and potential future resource upside 16% increase in total ounces, 2.68M ounces in pit constrained resource and 1.30M ounces in underground resource 105% increase in overall MI ounces Monique deposit is a standout performer, more than doubling its current resource to 660,400 MI and 643,500 Inferred with over 90% within the current mining lease Monique and Pascalis gold deposits will form the cornerstone of the upcoming Preliminary Economic Assessment ("PEA"), representing 77% of the pit-constrained Mineral Resource Estimate This new resource will form the basis of the PEA expected in Q3-2021 Drilling continues at the Val-d'Or East Project, with 50,000 metres of additional drilling in 2021 TORONTO, June 01, 2021 (GLOBE NEWSWIRE) -- Probe Metals Inc. (TSXV: PRB ) (OTCQB: PROBF ) (" Probe " or the " Company") is pleased to announce the release of an Updated Resource Estimate for its Val-d'Or East project (the " Project ") located near Val-d'Or, Quebec.