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Probe Gold Inc T.PRB

Alternate Symbol(s):  PROBF

Probe Gold Inc. is a Canadian gold exploration company focused on the acquisition, exploration, and development of highly prospective gold properties. The owns 100% of its flagship asset, the multimillion-ounce Novador Gold Project in Quebec, as well as an early-stage Detour Gold Quebec project. The Company holds a large land package of approximately 1685-square-kilometres of exploration ground within some of the prolific gold belts in Quebec. Its Casa Cameron Project includes the Casagosic, Sinclair-Bruneau and Florence properties, which are located north of the towns of La Sarre, Amos and Lebel-sur-Quevillon, northwest region in Quebec. It also holds three properties in the James Bay Lowlands area of northern Ontario, Canada: the Black Creek Property, the Tamarack-McFauld’s Lake Property, and the Victory Property. The Company has a 50/50 joint venture with Pan American Silver on the Meunier-144 property. It also owns 100% interest in the Croinor Property located in Val-d’Or, Quebec.


TSX:PRB - Post by User

Bullboard Posts
Comment by spacecowboy1on Feb 05, 2011 11:32am
367 Views
Post# 18081137

Update Resource Estimate Black Creek

Update Resource Estimate Black Creek put the good with the bad

Based on the cumulative averages shown in Table 17.7, it is evident that over 80% of the

Measured and Indicated resources will grade around 40% Cr2O3.

At present there are no known environmental, permitting, legal, title, taxation, socioeconomic,

marketing or political issues which would adversely affect the mineral resources

estimated above. However, mineral resources, which are not mineral reserves, do not have

demonstrated economic viability. There is no assurance that Probe will be successful in

obtaining any or all of the requisite consents, permits or approvals, regulatory or otherwise,

for the project. Other hindrances may include aboriginal challenges to title or interference

with ability to work on the property, and lack of efficient infrastructure. There are currently

no mineral reserves on the Black Creek property and there is no assurance that the project

will be placed into production.

The Micon personnel with responsibility for this resource estimate are Charley Murahwi,

M.Sc., P.Geo., MAusIMM, and Ing. Alan J. San Martin, MAusIMM. Both are Qualified

Persons as defined in NI 43-101, and are independent of Probe.

Effective date of the estimate is 31 December, 2010 and is based on drilling and assay data

up to November, 2010."

some one was trading b4 the news came out.......tiss   tiss tiss...the market regulators don't like when that happens........ummmmmmmm

what to do??????

yee-haw

Bullboard Posts