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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

Post by biotechguy1on Jul 21, 2023 6:03pm
230 Views
Post# 35552276

Continue to build value

Continue to build value

Dave P will continue to build value.... my only concern is dilution ... as for building a mine ? Not going to happen fro one main reason.

" getting equipment and a functional facility with a ball mill or two ". will take 3-4 years just to get started.  Money borrowed required 6-8% leverage so I don't think it's going to happen.

if Probe gets a mining permit for 20,000 to 30,000 tons per day it would be worthwhile to pursue.  Anything above 5000 tons per day requires federal approval !  

The goal would be to sell to a major with spare equipment ... AEG or Eldorado or ???.  

Regardless, mining is expensive and I don't think that is the direction.  

The real question is ...how to find another 150000 metre of drilling and not dilute ? 

GLTA

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