Probe Metals Update on Pascalis Gold Trend at ValdOr East Project
Results from the thirty-six hole-program identified significant, near-surface mineralization proximal to the Company’s last gold resource estimate released in September 2019. New mineralized zones, discovered southeast and northeast of the Pascalis trend, show good potential for expansion with more drilling currently underway. Approximately 14,000 metres of new drilling south, east and west of the New Beliveau deposit, and around the North deposit, remains to be completed before year end. All the results from 2020 drilling will be included in our next resource estimate scheduled for Q1 2021.
David Palmer, President and CEO of Probe, said “A key objective of our 2020 program was to expand our exploration boundaries and identify new mineralization by following the known gold systems. We have been very successful this year with numerous new zones being discovered surrounding our gold resources at Pascalis, Courvan Monique and on the Cadillac Break East property. The main takeaway from our 2020 program is that we still have a tremendous amount of exploration upside and discovery potential on the property. As we advance our current gold resources and prepare for economic studies in 2021, these new gold discoveries will ensure a pipeline of exploration drilling targets to continue our resource expansion program well into the future.”
During the program, six resource expansion and four infill drill holes were designed to expand near surface gold mineralization 600 metres south of the former Beliveau Mine to the east and west of the Main Dyke (PC-575, PC-597 to 604); seven holes were designed to test the extensions of the new discovery in hole PC-564 that returned 1.1 g/t Au over 30.7 metres from the southeast part of the Pascalis trend (PC-577, 579, 580 and PC-593 to 596); and six holes were designed to test the extension of the new discovery in hole PC-559, which returned 3.5 g/t Au over 22.7 metres, from the northeast part of the Pascalis trend (PC-570 to 574, PC-576 and 578). During the program, thirteen exploration drill holes were also drilled to test IP anomalies and structures south, north and between the Pascalis and the Courvan Trends (PC-569, PC-581 to PC-592).
The geology and geometry of the new mineralized zones southeast and northeast of the trend are similar to those observed along the Pascalis Gold Trend, and consist of shallow dipping tension vein networks closely associated with sub-vertical east-west deformation zones and north-northwest dykes.