GOLD: Borden yields more high grade for Probe

ONTARIO – High grade assays keep on coming for Probe Mines of Toronto from its Borden gold project 160 km southwest of Timmins. Infill drilling was conducted in both the High Grade zone and to assess a potential open pit zone.

Topics

Commodities

Regions

Tags

Companies

ONTARIO – High grade assays keep on coming for Probe Mines of Toronto from its Borden gold project 160 km southwest of Timmins. Infill drilling was conducted in both the High Grade zone and to assess a potential open pit zone.

The High Grade zone returned several thick gold intercepts, notably 42.0 metres at 4.9 g/t Au, 37 metres at 4.3 g/t, 16.1 metres at 8.2 g/t, 17.5 metres at 6.6 g/t, and 35.0 metres at 4.0 g/t. The best grade came from a 13.9-metre section that assayed 12.0 g/t Au from the 42-metre core.

Drilling in the area of a potential open pit returned significant intersections of above average grade material that will enhance bulk tonnes resources, said Probe. Among them 37.1 metres at 1.3 g/t Au, 30.0 metres at 1.5 g/t, and 20.7 metres at 1.8 g/t.

The company says that crews have already been mobilized to begin the 2014 four-drill program at Borden. The primary goal is to expand the High Grade zone along strike.

Mineralization at the Borden property was discovered in 2010 by Probe. The discovery is associated with Timiskaming-age sediments in the Kapuskasing Structural Zone. Using a 0.5 g/t cut-off, the company estimates that the property contains an indicated resource of 112.8 million tonnes grading 1.02 g/t Au and an inferred resource of 18.3 million tonnes grading 1.08 g/t Au. The resource categories contain an estimated 3.69 million oz of gold and 625,000 oz, respectively.

Full details about the Borden gold project are available at ProbeMines.com.

Comments

Your email address will not be published. Required fields are marked *

May 29 2024 - May 30 2024
Jun 03 2024 - Jun 04 2024
Jun 03 2024 - Jun 04 2024
Jun 05 2024 - Jun 06 2024