Canadian Mining Journal

News

Probe Metals options additional property near Val-d’Or East project



CEO David Palmer of Probe Metals (TSXV: PRB) is at it again — consolidating yet more ground near the company’s growing Val-d’Or East project in Quebec.

Just a month after Probe announced two property deals on the same day with two separate TSX-listed juniors that extended the Val d’Or East project’s land package to the south, Palmer has struck an option deal with Richmont Mines (TSX: RIC; NYSE: RIC) to earn a 60% stake in the Monique property, 25 km east-southeast of the project.

The Monique property, consisting of 22 mining claims, hosts an inferred resource of 107,500 tonnes at a grade of 4.88 g/t for 16,850 oz of gold. It also contains a small past-producing open pit mine that produced about 55,000 oz of gold at an approximate grade of 2.3 g/t Au between 2013 and 2015.

The mineralization at Monique is …

Read the entire story at The Northern Miner.