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Probe Metals intersects 7.3 g/t Au over 10.4m on Monique Mining Lease, Val-d’Or East

Jan 5, 2021

Probe Metals Inc. has released new results from the 2020 drill program on its 100%-owned Val-d’Or East Monique property located near Val-d’Or. Results from the last twelve (12) holes from the 2020 expansion drill program demonstrate continued strike and depth expansion along the I and M gold zones. Importantly, all 12 holes released today intersected gold mineralisation where predicted by our 3D geological model, highlights of which are presented below. All of the results from the sixty-six (66) holes, totalling 18,090 metres, drilled on the Monique mining lease in 2020 will be included in our next resource estimate scheduled for Q1 2021. The Company is planning a substantial drill program on the Monique, Courvan and Pascalis Gold Trends in 2021. In addition, we are also planning significant exploration drilling programs including the Cadillac Break East property. Four drills are currently being mobilized to the Monique, Courvan and Cadillac Break East properties and drilling should commence this week.

David Palmer, President and CEO of Probe, states, “Monique continues to impress right down to the final drill hole of 2020. This year showed the true potential of our Val-d’Or East project with Monique representing an excellent example of how much exploration upside this area contains. We will continue to push our exploration programs for resource growth and new discoveries, however, owing to the success of the project over the past four years we will also begin advancing it towards development. 2021 will be a pivotal year for the project as we complete our first PEA and begin to generate a vision for Val-d’Or East as a mining project. With multi-million-ounce gold resources situated in one of the world’s friendliest mining jurisdictions during a precious metal bull market, we are looking forward to translating all of our exploration success into more value for our shareholders. We will also be expanding our exploration programs on our district-scale Detour gold property. With over 770 square kilometres of virtually unexplored ground adjacent to Kirkland Lake Gold and Wallbridge Mining there is potential for even more exploration catalysts in 2021. On behalf of the Board, Management and all employees of Probe, we wish everyone a safe, healthy and prosperous 2021.”

During the program, eight (8) holes were designed to test the I zone between the surface to 200 metres depth (MO-86 to 93), three (3) holes were designed to test the M zone between the surface to 225 metres depth (MO-94 to 96) and one hole (1) was designed to test the P zone near surface. Results continue to show good continuity of the gold mineralization along strike and at depth. Based on the drilling results, a significant drill program has been planned for this Winter to test the Monique gold zones laterally and at depth.

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