Probe Metals (TSXV: PRB; US-OTC: PROBF) has proved up more gold ounces at its Val-d’Or East project after upgrading a significant amount of inferred ounces into the indicated category.
An updated resource estimate based on four deposits, all of which remain open in all directions, is made up of resources found within a surface expression of 2.5 km length and 1 km in width to a vertical depth of 1 km along the Pascalis Gold Trend.
The project, 25 km east of the city of Val d’Or, now has an open pit constrained resource of 7.71 million tonnes grading 2.16 g/t gold for 535,900 oz. of contained gold and inferred of 5.26 million tonnes averaging 1.46 g/t gold for 247,400 oz. of contained gold. The resource was based on a cut-off of 0.5 gram gold and is probably in the upper 250 metres of the deposit.
The underground indicated resource contains 1.33 million tonnes grading 3.44 g/t gold for 146,500 oz. of contained gold and the inferred measures 4.04 million tonnes grading 3.65 g/t gold for 474,700 oz. of contained gold. The underground resource used a 1.95 g/t gold cut-off grade and the bulk of it is situated between a depth of 250 metres and 800 metres.
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