Probe Metals drills 15.4 metres of 4.1 g/t gold at Val d’Or East Project

Probe Metals Inc. [PRB-TSXV; PROBF-OTCQB] provided new results on Monday July 9 from the ongoing 85,000 metres drill program at its 100%-owned Val-d’Or East project near Val-d’Or, Quebec. Results from 42 drill holes, totaling 15,248 metres, were received and show continued expansion of the gold resource within the Pascalis Gold Trend. In addition, two new discoveries were made at the north and south ends of the current limits of the explored gold corridor.

Highlights:

• North Zone resource expansion drilling returned 4.1 g/t gold over 15.4 metres within a larger zone grading 2.2 g/t gold over 35 metres at shallow depth.
• New Beliveau deposit resource expansion drilling to the West returned significant near-surface intercepts grading: 5.6 g/t gold over 3.3 metres, 7.3 g/t gold over 6.6 metres and 7 g/t gold over 5.0 metres.
• Highway Zone resource expansion drilling 250 metres to the north returned near surface intercepts grading 6.2 g/t gold over 5.6 metres and 1.4 g/t gold over 8.8 metres.
• New discovery located 350 metres north of the Highway Zone returned 3.9 g/t gold over 4.9 metres within a larger zone grading 2.6 g/t gold over 8.7 metres at 8 metres depth.
• Second new discovery located in the far south of the Pascalis Gold Trend grading 5.2 g/t gold over 4.4 metres at shallow depth.

David Palmer, President and CEO of Probe, said, “In addition to its remarkable continuity and consistency, the Pascalis Gold Trend continues to impress us with its expansion potential as we extend out the boundaries of the mineralized system. The most recent drilling has resulted in two new gold discoveries, up to 350 metres away from the current resource areas, confirming that we are over a significant gold system. Results to date are extremely encouraging and we will now be increasing the drilling program to follow up on these recent successes.”

Along the Pascalis Gold Trend, the New Beliveau deposit resource expansion drilling to the West returned significant mineralization in four holes. Best intercepts come from hole PC-18-316 grading 7.0 g/t gold over 5.0 metres and 3.2 g/t over 5 metres and from hole PC-18-318 grading 5.6 g/t gold over 3.3 metres, 7.3 g/t gold over 6.6 metres and 15.8 g/t gold over 2.2 metres. New dyke-hosted gold mineralization has now been found up to 850 metres west of the former Beliveau Mine. Further drilling will mainly target the gold system in the area west and south of the current resource estimate at New Beliveau.

Two drill holes targeting the eastern extension of the North Zone returned significant mineralization of grading 4.1 g/t gold over 15.4 metres within a larger zone grading 2.2 g/t gold over 35 metres at 279 metres depth along the hole (PC-18-328) and 16.5 g/t gold over 2.5 metres at 429 metres depth along the hole (PC-18-337).

Two drill holes, targeting the western extension of the North Zone also returned interesting gold mineralization of 3.2 g/t gold over 8.2 metres at 186 metres depth along the hole (PC18-334) and 23.1 g/t gold over 0.5 metres at 152 metres depth along the hole (PC-18-326).

The North Zone remains open laterally and at depth. Resource expansion drill hole PC-18-343 located 250 metres to the northeast of the Highway Zone returned two zones grading 6.2 g/t gold over 5.6 metres and 1.4 g/t gold over 8.8 metres in dyke-hosted mineralization between the surface and 114 metres depth along the hole. The Highway Zone is open at depth, to the North and to the East.

Other notable results include two new, shallow, gold discoveries located at the north and the south ends of the Pascalis Gold Trend. In both cases, these discoveries represent the furthest step-out drilling from the New Beliveau deposit to-date. The first new discovery intercepted by hole PC-18- 353, located 350 metres north of the current resource at the Highway Zone, returned 3.9 g/t gold over 4.9 within a larger zone grading 2.6 g/t gold over 8.7 metres at 8 metres depth. The second discovery intercepted by hole PC-18-341, located 1.4 km southeast from the current resource at the South Zone, returned 5.2 g/t gold over 4.4 metres at a 262-metre depth along the hole. Exploration step-out holes were testing new Induced Polarization anomalies along the Pascalis Gold Trend. Mineralization in the new discoveries is the same as that seen in the rest of the trend, being mainly characterized by sulphide-bearing quartz-tourmaline veins associated with mineralized diorite dykes cross-cutting volcanics.