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Probe Gold Inc T.PRB

Alternate Symbol(s):  PROBF

Metals & Mining Gold
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

Probe Gold Inc
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Post by BSCasinoon Jul 21, 2011 1:17pm
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Post# 18857444

TRR vs. PRB

TRR vs. PRB

https://www.stockhouse.com/tools/?page=%2FFinancialTools%2Fsn%5Fnewsreleases%2Easp%3Fsymbol%3DV%2ETRR%26newsid%3D8184397

Cote Lake Deposit which currently stands at 131 million tonnes grading 1.0 g/t gold for a total of 4.2 million ounces gold.
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Including drill results released today, mineralization of the Cote Lake Deposit has now been intersected over a strike-length of 1,000 metres and remains open along strike, and at depth on all sections that have been drilled. In section the zone attains widths of up to 300 metres.

Given what we know about BL today (i.e. 1600m x 250m Wide x ?? Depth) could we not come up with a rough guess. If we assumed similar tonnage at .5 g/t could we assume minimum 2 million oz. inferred for PRB? Or am I out to lunch here?

Half of TRR market cap is $350 million. Divide by 60,000,000 shares for PRB and you get $5.80 / share just for BL.

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Dealroom for high-potential pre-IPO opportunities