Probe Metals Inc. reported on August 20, 2019 it has new results from its Courvan area exploration drill program on its Vald’Or East property located in northwestern Quebec. The 100%-owned claims are located approximately 1.5 kilometres west of, and adjacent to, the New Beliveau deposit, said a company news release.
- • Drilling program continues to expand near surface discoveries on the parallel Courvan gold trend located 1.5 km west of the New Beliveau deposit.
- • Drilling results east of the Southwest zone identified significant new gold mineralization with intercepts grading up to 6.8 g/t Au over 5.3 metres, including 25.1 g/t Au over 1.0 metre; and 0.6 g/t Au over 151.2 metres, including 25.5 g/t Au over 1.2 metres.
- • Drilling between Bussiere and Creek Zones returned an intercept grading 2.0 g/t Au over 13.2 metres.
The drill program is focusing on expansion and exploration drilling in and around the former Bussiere mine. The company said the results from twenty-two (22) follow-up drill holes totaling 6,210 metres, continue to expand previous discoveries as they delineate the new Courvan parallel gold trend, said the release.
This trend includes five deposits namely Southwest, Southeast, Bussiere West, Creek and Bordure. An updated mineral resource estimate, incorporating new drill results from the Courvan gold trend, is expected shortly.
David Palmer, President and CEO of Probe, states, “The Courvan area continues to deliver above expectations in both exploration and infill drilling programs. Based on the results to date, the Courvan area is considered to be a legitimate parallel trend to the gold mineralization hosted by the Beliveau deposit, which currently contains most of the Company’s gold resources. The identification of parallel trends opens up considerable exploration upside and both geophysical and geochemical surveys are in-progress to delineate these and other potential trends within the area. The Fall drilling program, expected to begin shortly, will focus on both Resource expansion/improvement and the discovery of new trends and deposits. Management is looking forward to accelerating its exploration programs in this rising gold price environment.”
The Courvan Property is adjacent to the Company’s New Beliveau deposit at Val-d’Or East and unlocks significant exploration potential to the west of the New Beliveau mineralized system. The Property land package is largely unexplored, with limited historic diamond drilling in the vicinity of the past-producing Bussiere Mine. Gold-bearing veins historically mined on the property consisted of quartz-tourmaline-pyrite veins associated with shear zones and diorite dykes, similar to what is found in the New Beliveau deposit, approximately 1.5 kilometers to the east. The Bussiere Mine produced 42,000 ounces at an average grade of 5.8 g/t Au up until 1942, when it was destroyed by forest fires.