Probe Metals intersects 14.8 g/t Au over 7.5ms @ Courvan Gold Trend, Val-d’Or East

Probe Metals Inc. is providing additional results from the 2020 drill program on its 100%-owned Val-d’Or East Courvan property. Results from the last twenty (20) holes, including two extension holes, from the 2020 exploration and expansion drill program continued to show new high-grade gold discoveries along the Courvan Gold Trend near surface and at depth (see figure 1 and table of drill results below). Results from this drilling returned some of the best intervals to-date from the Courvan property, including 14.8 g/t Au over 7.5 metres in hole CO-146 and 7.5 g/t Au over 13 metres in hole CO-171. The 2021 winter drill program at Courvan is focussed on both resource expansion and infill drilling, to convert inferred into indicated resources.

David Palmer, President and CEO of Probe, states, “2020 was an exceptional year for the Val-d’Or East Project and resulted in numerous discoveries that indicate areas of better grade, better thickness and better continuity across all deposits. It was also a year where we continued to gain a much better understanding of these deposits that will lead to increased confidence in the ounces we are generating. The drill results we released today for Courvan are some of the best we have seen for this project and speak to the tremendous exploration potential of Val-d’Or East, however, as we continue exploration in 2021, one of our key goals is to advance the project towards development, with a focus on improving the quality of ounces that will form the basis of our PEA. 2021 should be an exciting year for the project, and the Company, as we advance our project and interest grows in the Val-d’Or area.”

Holes CO-155 to 163 were designed to test near-surface extensions of the stacked gold structures west of the Former Bussiere Mine, while holes CO-170 to 172 tested north of it. Best results came from the northern extension of the Former Bussiere Mine gold system, which has seen limited drilling in the past. Gold mineralized structures intersected, particularly those in holes CO-171 and 172, are open and warrant further follow-up drilling near surface and at depth. Holes CO-164 to 169 and extension holes CO-131 and 146 were designed to test the Creek zone near surface to the east and its exploration potential at depth. Best results came from holes CO-146 and 131, with hole CO-146 intersecting 14.8 g/t Au over 7.5 metres, which is the richest drill intercept ever at Courvan. More drilling is planned to evaluate the depth potential of Creek in 2021.

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