Email from SeemaHere is Seema's email regarding this morning's release. Best regards, JM
Good morning,
I hope all is well. Please find attached Probe’s latest press release. We're starting a 10,000-metre drilling program on our Detour Quebec project to test new high-priority gold targets. This represents the Company's first drilling program on its 100%-owned property and the Midland Option property based on the encouraging results received from the extensive regional surveys and new geological interpretation of the property.
The drill program will be focussed on the western area of the Project adjacent to Agnico Eagle Mines Ltd.'s Detour Lake mine property. Most of the high-priority targets to be tested in this program show structural and geological similarities to those of Agnico's Zone 58N gold discovery proximal to Probe's claims.
Here are the important highlights:
- A 10,000-metre summer drilling program will begin at the end of this month on the Company’s 100% owned Detour Quebec project as well as the Midland La Peltrie Option property
- 2 helicopter-supported drill rigs will test numerous high-priority gold targets identified by project-wide geophysical and biogeochemical, completed over the last two years, and more recent Induced Polarization (“IP”) ground geophysical surveys and geological re-interpretation
- Most of these targets fall along fault splays associated with the Lower Detour Deformation Zone and are in a similar geological setting to that hosting Agnico Eagle Mines’ 58N high-grade gold discovery approximately 10km to the west.
The Detour project represents an excellent opportunity for early-stage discoveries in a prolific area of Quebec. We have advanced our exploration to a point where we have identified numerous structures and targets along the full 90 kilometres of strike length that have the potential to host similar high-grade gold deposits to those on neighbouring properties. This summer’s program will look at the first three of these areas at the western end of the project in a very active part of the Detour belt and provides the opportunity for exploration catalysts that will help in realizing the value we see in this project.
See below for the surface map highlighting the drill area:
https://www.probemetals.com/site/assets/files/1562/2022_may17th_figurepr.jpg Exploration Programs 2022 - recap Recall in January this year, we announced a162,000-metre drill program for 2022 – our largest program to date.
- 150,000 metres of drilling on the Val-d’Or East (VDE) project - focussed on exploration, expansion and resource conversion (72,000 metres completed year-to-date https://bit.ly/3yHXtCM)
- 12,000 metres discovery stage drilling panned for Detour and Casa Cameron projects (10000-metre program on Detour announced today)
I will keep you updated on our progress. Please don’t hesitate to reach out with your questions.
Thanks, and have a great day!
Seema
Seema Sindwani, MBA, CFA
Director, Investor Relations