Probe Metals Completes Acquisition of Courvan Property from Monarques Gold
TSX VENTURE: PRB
TORONTO, Oct. 19, 2017 (GLOBE NEWSWIRE) -- PROBE METALS INC. (TSX-V:PRB) (OTCQB:PROBF) (“Probe” or the “Company”) is pleased to announce the completion of the previously announced acquisition of the Courvan property from Monarques Gold Corporation. Probe’s landholdings in Val-d’Or is now 327 square kilometres, making it one of the largest consolidated land packages in the Val-d’Or Mining Camp. The details of the transaction and a description of the property are described in the Company’s press release dated September 11, 2017.
Work is continuing on the Company’s 75,000 metre drill program at Val-d’Or East, with five rigs currently testing resource expansion potential, including follow-up drilling on the new discovery areas.
About Probe Metals:
Probe Metals Inc. is a leading Canadian gold exploration company focused on the acquisition, exploration and development of highly prospective gold properties. The Company is well-funded and controls a strategic land package of over 1,000-square-kilometres of exploration ground within some of the most prolific gold belts in Ontario and Quebec: Val d’Or, West Timmins, Casa-Berardi and Detour Quebec. The Company is committed to discovering and developing high-quality gold projects, including its key asset the Val-d’Or East Gold Project. The Company was formed as a result of the sale of Probe Mines Limited to Goldcorp on March 13, 2015. Goldcorp currently owns a 14% stake in the Company.