Probe Gold adds Monarch’s key assets to Quebec-focused portfolio

Date:

The Beaufor property lies immediately next to Probe’s Novador project and consists of 23 mineral claims covering 6.9 square kilometres. The property hosts a current measured and indicated gold resource of 219,200 oz. at 5.3 g/t and inferred gold resource of 122,500 oz. at 4.7 g/t.

The McKenzie Break property is host to a high-grade gold deposit situated only 20 km north of the Novador project. The property hosts a current indicated gold resource of 146,000 oz. at an average grade of 3.2 g/t, plus an inferred gold resource of 250,600 oz. at 3.1 g/t.

“The tuck-in acquisition of the Beaufor and McKenzie Break properties is a strategic fit with our current development model in Val-d’Or,” Probe Gold CEO David Palmer said in a news release.

The Beaufor property, said Palmer, was “the missing piece” in the company’s Novador claim fabric and will complete its consolidation of the Courvan trend, which now includes the…

Read more…

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Tampa RV giant Lazydays to delist from Nasdaq

Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...

Granite Geek: New Hampshire might get access to ‘balcony solar’

I had solar panels put on my roof six...

TSX Today: What to Watch for in Stocks on Monday, November 10

Despite firm gold and silver prices, Canadian stocks...

While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!

As market-wide fear grips the sector, the Binance Coin...