ONTARIO – Toronto-based Probe Mines says the new resource estimate at its Borden Lake gold project near Chapleau highlights the increasing grade of the Borden gold zone observed at all cut-off levels. The property has an indicated inventory of 5.19 million oz of gold and an inferred inventory of 1.18 million oz (at a 0.5 g/t cut-off).
The Borden zone is estimated to contain an in-pit indicated resource of 112.8 million tonnes grading 1.02 g/t Au plus 18.0 million tonnes grading 1.08 g/t Au. Continuing high grade results will enhance the project's economic viability, adds the company.
Probe noted that its understanding of the Borden gold zone is improving as drilling continues. A higher grade core zone has been identified.
An image of the pit-constrained resource is available on the company's website at ProbeMines.com/s/Borden_Lake.asp?ReportID=565388.