Probe Metals Inc. - President & CEO, David Palmer.
President & CEO, David Palmer.
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  • Probe Metals Inc. (PRB) has announced a second tier of moderate to high-grade gold results at the Val-d’Or East Monique property
  • The 49 holes returned substantial gold intercepts around the pits from last year’s preliminary economic assessment
  • Probe Metals also announced that its 2022 resource drilling program is 60 per cent done
  • Results from over 155 holes at Monique are still pending
  • Probe Metals Inc. (PRB) is unchanged trading at $1.58 per share as of 1:13 p.m. ET

Probe Metals (PRB) has announced moderate to high-grade gold results from its 2022 drill program at the Val-d’Or East Monique property.

The company stated the 49 were designed to convert, expand, and discover new gold resources. The holes returned substantial gold intercepts around the pits from last year’s preliminary economic assessment.

Probe Metals also announced that its 2022 resource drilling program is progressing very well with sixty percent of the 150,000-metre program completed in the first half of the year. Results from over 155 holes at Monique are still pending.

Source: Probe Metals Inc.

“We are in the very enviable position of being able to continue advancing our gold projects with large-scale drilling and regional exploration programs… we will be able to make considerable progress with our development, expansion, and discovery-stage programs in 2022,” David Palmer, President and CEO of Probe, said.

The company believes these recent drill results demonstrate the high quality of its Val-d’Or assets and the continued improvement in the gold resources. Its aim now is to advance itself on all fronts by solidifying Val-d’Or East as one of the preeminent development projects in Canada.

“In the current market conditions with a strong balance sheet, we will continue to position the Company and Val-d’Or East as one of the top undeveloped multi-million ounces project in Canada,” Palmer said.

Probe Metals Inc. (PRB) is unchanged trading at $1.58 per share as of 1:13 p.m. ET.

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