Probe Gold Inc.

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 [...]

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 [...]

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 [...]

Highlights: Expansion Drilling continues to discover near-surface mineralization around the current gold resources Drilling returned 5.9 g/t over 9.2 metres 600 metres south of the Former Beliveau Mine, between surface and 150 metres vertical depth, drilling also intersected 1.7 g/t Au over 11metres in the same area New gold zone discovered [...]

Probe Metals Inc. is pleased to announce the identification of three high-priority areas less than four kilometres south of the Fenelon deposit and the Tabasco, Area 51 and Reaper zones held by Wallbridge Mining Company Ltd.. The three areas were identified by an OreVision induced polarization geophysical survey conducted in September 2020 on the [...]

Probe Metals Inc. is pleased to provide an update for its 2020 exploration program on the Detour Quebec Project located 40 kilometres northwest of Matagami, Quebec and adjacent to the Detour Lake mine property, Ontario. The Project consists of four properties: the Gaudet-Fenelon JV, the La Peltrie Option and the Detour Quebec Main and North [...]

Highlights: High-grade gold results from resource expansion drilling on the J zone at 275 metres vertical depth, under the Former Monique Pit, include 9.2 g/t Au over 9.5 metres in a broader zone of 4.1 g/t Au over 24.5 metres Significant new results from resource expansion on the I and I Hanging Wall zones, between surface and 200 metres vertical [...]

Highlights: High-grade expansion of the Southwest Zone between two oreshoots, new intercept of 8.8 g/t Au over 7 metres, including 23.8 g/t Au over 2.5 metres at 130 metres vertical depth Significant results from expansion drilling at the Creek Zone with intervals grading 10.3 g/t Au over 4.4 metres and 7.2 g/t Au over 6.7 metres between surface [...]

Probe Metals Inc. is pleased to announce that it has entered into a joint venture agreement with Midland Exploration. on the Detour Gaudet-Fenelon Project . Under the terms of the Agreement, Probe and Midland will each have a 50% participating interest in the JV Project. The JV Project includes 226 claims and covers a surface area of 125 square [...]