PRB

Probe Gold Completes Acquisition of the Beaufor and McKenzie Break Properties in Val-d’Or, Quebec; Consolidates Gold Resources Around the Novador Project

Retrieved on: 
Mercoledì, Aprile 3, 2024
Monarch, Monique, Agreement, Property, GOLD, Gold, Sale, Acquisition, Toronto Stock Exchange, TSX, The McKenzie Break, PRB, VWAP, The, Report, Palladium

TORONTO, April 03, 2024 (GLOBE NEWSWIRE) -- PROBE GOLD INC. (TSX: PRB) (OTCQB: PROBF) (“Probe” or the “Company”) is pleased to announce the completion of its previously announced agreement of purchase and sale (the “Agreement”) with Monarch Mining Corporation (“Monarch”) (see press release ‘Probe Gold announces acquisition of the Beaufor and Mckenzie break properties in Val-d’Or, Quebec’). Pursuant to the Agreement, Probe acquired a 100% interest in the McKenzie Break and Beaufor properties (collectively, the “Property”) The Property acquisition extends the Company’s land package adjacent and immediately to the north of the Company’s Novador Project (“Novador”) (see figure 1) and increases Probe’s landholdings in Val-d’Or to 685 square kilometres.

Key Points: 
  • The Beaufor property currently hosts an historic, high-grade, measured and indicated gold resource of 219,200 ounces of gold at 5.3 g/t and inferred mineral resource of 122,500 ounces of gold at 4.7 g/t.
  • This further consolidates the Courvan Gold Trend, which includes the Courvan, Senore and Beaufor deposits.
  • The McKenzie Break Property is proximal to the Company's Novador Project and hosts an historic, high-grade indicated gold resource of 146,000 ounces of gold at 3.2 g/t, with an inferred mineral resource of 250,600 ounces of gold at 3.1 g/t.
  • The Consideration Shares have a hold period of four months and one day from closing date of the Acquisition.

Probe Gold Appoints Shannon McCrae to its Board of Directors

Retrieved on: 
Giovedì, Marzo 28, 2024
Copper, Professional, GOLD, Business, Business development, Barrick Gold, TSX, Boart Longyear, PRB, De Beers, Mining

TORONTO, March 28, 2024 (GLOBE NEWSWIRE) -- PROBE GOLD INC. (TSX: PRB) (OTCQB: PROBF) (“Probe” or the “Company”) is very pleased to announce the appointment of Shannon McCrae to its board of directors, effective immediately.

Key Points: 
  • TORONTO, March 28, 2024 (GLOBE NEWSWIRE) -- PROBE GOLD INC. (TSX: PRB) (OTCQB: PROBF) (“Probe” or the “Company”) is very pleased to announce the appointment of Shannon McCrae to its board of directors, effective immediately.
  • Ms. Shannon McCrae is a seasoned professional geologist and executive with more than 25 years of experience in the resource industry.
  • Jamie Sokalsky, Chairman of Probe, states: “On behalf of myself and the other Directors, I am pleased to extend a warm welcome to Shannon as the newest member of the Probe Board.
  • Shannon is highly respected within our industry, and her professionalism, integrity, and strong work ethic align perfectly with our corporate culture.”

Probe Gold Discovers New Gold Zones, Grading up to 6.2 g/t Au over 13.0 Metres (cut), at Courvan, Novador Project, Quebec

Retrieved on: 
Martedì, Marzo 19, 2024
Bussière, Vein, Gold, TSX, PEA, PRB, Mining

TORONTO, March 19, 2024 (GLOBE NEWSWIRE) -- Probe Gold Inc. (TSX: PRB) (OTCQB: PROBF) (“Probe” or the “Company”), is pleased to provide the final set of results from the 2023 Courvan Gold Trend drill program on its 100%-owned Novador property (the “Property”) located near Val-d’Or, Quebec. Results from forty-seven (47) drill holes, totaling 12,200 metres, have returned significant gold intercepts from surface to 150 metres vertical depth at the Bussiere and Creek deposits (see figure 1 and table of selected drill results below). The 2023 fall drill program at Courvan focused on both resource expansion and exploration drilling. Exploration drilling east of the former Bussiere mine returned impressive intervals in a new discovery, with an initial intercept of 1.1 g/t Au over 29.0 metres with follow-up resource expansion drilling returning higher-grade intercepts of up to 6.2 g/t Au over 13.0 metres (cut) and 4.1 g/t Au over 6.0 metres. Winter resource expansion drilling at the Novador trends, Courvan and Monique, is progressing well, including follow-up drilling on the new Bussiere East discovery area. Assay results from the winter program will be released when available. Based on the success of the 2023 exploration program, the Company will continue our regional exploration in 2024, with at least 6 new areas slated for evaluation and drilling.

Key Points: 
  • New, near-surface, Gold Zone discovered 400 metres East of the Bussiere Mine Zone; significant new gold intersections grading up to 6.2 g/t Au over 13.0 metres (cut) (7.6 g/t Au over 13.0 metres uncut), including 68 g/t Au over 1.0 metre; 4.1 g/t Au over 6.0 metres; and 1.1 g/t Au over 29.0 metres.
  • Near-surface expansion drilling on the Creek Deposit intersected parallel gold zones grading up 6.2 g/t Au over 9.1 metres (cut) (18.5 g/t Au over 9.1 metres uncut), including 162 g/t Au over 1.0 metre; and 18.4 g/t Au over 3.0m (cut) (23.9 g/t Au over 3.0m uncut), including 66.4 g/t Au over 1.0 metre.
  • Near-surface expansion drilling at Bussiere Deposit intersected thick gold zones grading up to 1.0 g/t Au over 61.0 metres.
  • The 2023 fall drill program at Courvan focused on both resource expansion and exploration drilling.

Probe Gold Announces Acquisition of the Beaufor and McKenzie Break Properties in Val-d’Or, Quebec

Retrieved on: 
Lunedì, Marzo 4, 2024
Acquisition, PRB, Property, TSX, Toronto Stock Exchange, The McKenzie Break, Val-d'Or, The, Gold, Report, GOLD, Agreement, Superior court

TORONTO, March 04, 2024 (GLOBE NEWSWIRE) -- PROBE GOLD INC. (TSX: PRB) (OTCQB: PROBF) (“Probe” or the “Company”) is pleased to announce that it has entered into a definitive purchase agreement (the “Agreement”) with Monarch Mining Corporation (“Monarch”), pursuant to which Probe has agreed to acquire a 100% interest in the McKenzie Break and Beaufor properties (collectively, the “Property”). The Property acquisition will extend the Company’s land package adjacent and immediately to the north of the Company’s Novador Project (“Novador”) (see figure 1) and will increase Probe’s landholdings in Val-d’Or to 685 square kilometres. The closing of the transaction is expected to occur in the coming weeks and is contingent upon receipt of all necessary court, regulatory and other approvals, including approval of the Superior Court of Quebec in the Companies’ Creditors Arrangement Act proceedings of Monarch, of the Toronto Stock Exchange (“TSX”), and the satisfaction of other closing conditions.

Key Points: 
  • Upon closing of the transaction, Probe will own all of the Courvan Gold Trend, which includes the Courvan, Senore and Beaufor deposits.
  • The McKenzie Break Property is proximal to the Company's Novador Project and hosts a current, higher-grade indicated gold resource of 146,000 ounces of gold at 3.2 g/t, with an inferred mineral resource of 250,600 ounces of gold at 3.1 g/t.
  • David Palmer, President and CEO of Probe, states: “The tuck-in acquisition of the Beaufor and McKenzie Break properties is a strategic fit with our current development model in Val-d'Or.
  • The McKenzie Break property is within trucking distance of Novador and hosts higher-grade gold resources with tremendous exploration upside.

Nuclear Fuels presenting at Red Cloud, Metals Investor Forum Toronto and attending PDAC 2024

Retrieved on: 
Mercoledì, Febbraio 28, 2024
Cloud, PRB, Uranium, Fuel pump, NF, ISR, News, CPG, Federation, National instrument, PDAC, National Instrument 43-101, Nuclear Regulatory Commission, Sheraton Centre Toronto Hotel, State government, Uranium mining

VANCOUVER, BC, Feb. 28, 2024 /PRNewswire/ - Nuclear Fuels Inc. (CSE: NF) (OTCQX: NFUNF) ("Nuclear Fuels" or the "Company") is pleased to announce that the company will be presenting at Red Cloud's Pre-PDAC 2024 Mining Showcase on February 29th and March 1st, The Metals Investor Forum Toronto on March 1st and 2nd, and participating in the PDAC March 3rd to 6th.

Key Points: 
  • VANCOUVER, BC, Feb. 28, 2024 /PRNewswire/ - Nuclear Fuels Inc. (CSE: NF) (OTCQX: NFUNF) ("Nuclear Fuels" or the "Company") is pleased to announce that the company will be presenting at Red Cloud's Pre-PDAC 2024 Mining Showcase on February 29th and March 1st, The Metals Investor Forum Toronto on March 1st and 2nd, and participating in the PDAC March 3rd to 6th.
  • The annual conference will take place in-person at the Sheraton Centre Toronto Hotel February 29-March 1, 2024.
  • The annual conference will take place in-person at the Delta Hotels Toronto Hotel March 1-March 2, 2024.
  • For more information and/or to register for the conference please visit: https://metalsinvestorforum.com/
    Nuclear Fuels is pleased to participate in the 2024 PDAC Convention in Toronto, Canada.

Nuclear Fuels Intersects .233% U3O8 in initial drilling at Spur zone Kaycee Project, Wyoming

Retrieved on: 
Martedì, Febbraio 27, 2024
PRB, Uranium, Fuel pump, ISR, News, CPG, Federation, National instrument, National Instrument 43-101, Nuclear Regulatory Commission, ICP-MS, Gamma, State government, Uranium mining

(1) %U3O8 by Gamma logging is a measure of gamma intensity from a decay product of uranium.

Key Points: 
  • (1) %U3O8 by Gamma logging is a measure of gamma intensity from a decay product of uranium.
  • Comparisons of U3O8 Gamma log and ICP-MS assays of Powder River Basin core samples indicate that U3O8 Gamma is comparable to ICP-MS uranium assay in the Powder River Basin.
  • To view the Kaycee uranium drill program video please visit: Kaycee Project- Nuclear Fuels (youtube.com) .
  • The Kaycee Project, under Nuclear Fuels, represents the first time since the early 1980's that the entire district is controlled by one company.

Nuclear Fuels Reports Positive Drill Results from the Kaycee Uranium Project, Wyoming

Retrieved on: 
Martedì, Gennaio 30, 2024
PRB, Uranium, Fuel pump, CPG, Federation, State government, ISR, ICP-MS, Nuclear Regulatory Commission, National Instrument 43-101, Gamma, News, National instrument, Uranium mining

(1) %U3O8 by Gamma logging is a measure of gamma intensity from a decay product of uranium.

Key Points: 
  • (1) %U3O8 by Gamma logging is a measure of gamma intensity from a decay product of uranium.
  • The Kaycee Project in Wyoming's Powder River Basin ("PRB"), Nuclear Fuel's priority project, consisting of over 42 square miles of mineral rights over a 33-mile mineralized trend and 110 miles of identified roll fronts.
  • The Kaycee Project, under Nuclear Fuels, represents the first time since the early 1980's that the entire district is controlled by one company.
  • Wyoming is a proven and prolific uranium producer with a pro-energy government and established regulatory regime for the permitting and extraction of uranium through ISR technology.

Probe Gold Intersects up to 1.17% Copper over 9.5m and expands the Cu-Au-Ag-Mo Mineralized system on the Midland Exploration Inc, La Peltrie Option Property, Detour Quebec

Retrieved on: 
Martedì, Gennaio 23, 2024
Quartz, PRB, MD, Vein, La Peltrie, TSX, Rare-earth element

TORONTO, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Probe Gold Inc. (TSX: PRB) (OTCQB: PROBF) (“Probe” or the “Company”), under an option agreement with Midland Exploration Inc. (“Midland”) (TSX.V: MD), is pleased to provide new results from its 2023 drilling program completed on the La Peltrie Project. The drilling campaign, consisting of 2,683 meters in 8 holes and one extension hole, was a follow-up program to Probe’s 2022 drilling, which discovered base metal mineralization on the La Peltrie Option property (refer to Figure 1). The 2022 discovery hole, LAP-22-12, graded 0.13% Cu over 345.5 metres (see press release by Probe dated December 6, 2022). The 2023 follow-up drilling campaign was successful in demonstrating both continuity of the Cu-Au-Ag-Mo system and the presence of higher-grade mineralization. Results are presented below in Table 1 and Figure 2.

Key Points: 
  • Highest grade intervals intersected to date within the mineralized envelope, grading up to 1.17% Cu over 9.5 metres and 0.50% Cu over 13.2 metres.
  • The 2022 discovery hole, LAP-22-12, graded 0.13% Cu over 345.5 metres (see press release by Probe dated December 6, 2022).
  • The 2023 follow-up drilling campaign was successful in demonstrating both continuity of the Cu-Au-Ag-Mo system and the presence of higher-grade mineralization.
  • Based on these results, the Company is currently preparing an exploration program in order to resume follow-up drilling on this new discovery.

Probe Gold Completes Previously Announced Bought Deal Private Placement of $10 Million

Retrieved on: 
Venerdì, Dicembre 22, 2023
National instrument, La Peltrie, Gold, BMO Capital Markets, PRB, NEWS, Treasury, Common, Part, Growth, Detour Gold, TSX, Indian stock exchange, Detour, Offering, Security (finance)

TORONTO, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Probe Gold Inc. (TSX: PRB) (OTCQB: PROBF) (“Probe” or the “Company”) is pleased to announce that it has closed its previously announced bought deal private placement (pursuant to the listed issuer financing exemption (“LIFE”)), for aggregate gross proceeds of approximately C$10 million (the “Offering”). The Offering was comprised of 4,545,400 Canadian Exploration Expense (“CEE”) flow-through common shares (the “Flow-Through Common Shares”) of the Company, at a price of C$2.20 per Flow-Through Common Share.

Key Points: 
  • THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES
    TORONTO, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Probe Gold Inc. (TSX: PRB) (OTCQB: PROBF) (“Probe” or the “Company”) is pleased to announce that it has closed its previously announced bought deal private placement (pursuant to the listed issuer financing exemption (“LIFE”)), for aggregate gross proceeds of approximately C$10 million (the “Offering”).
  • David Palmer, President and CEO of Probe, states: “We are delighted with the robust support received for the Offering.
  • In 2024, our focus will be on expanding our resources, exploring new gold targets and advancing development studies at Novador in Val-d’Or.
  • The Company plans to use the gross proceeds from the Offering to fund exploration and drilling at the Novador Gold project and the Detour Gold project.

Probe Gold Announces C$10 Million Bought Deal Financing

Retrieved on: 
Martedì, Dicembre 12, 2023
Sale, BMO Capital Markets, PRB, News, Common, Detour Gold, TSX, Toronto Stock Exchange, Offering, Security (finance)

TORONTO, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Probe Gold Inc. (TSX: PRB) (OTCQB: PROBF) (“Probe” or the “Company”) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy on a bought deal basis by way of private placement (pursuant to the listed issuer financing exemption (“LIFE”)), 4,545,400 Canadian Exploration Expense (“CEE”) flow-through common shares (the “Flow-Through Common Shares”) of the Company, at a price of C$2.20 per Flow-Through Common Share for gross proceeds of approximately C$10 million (the “Offering”).

Key Points: 
  • Not for distribution to U.S. news wire services or dissemination in the United States.
  • The Company intends to use the net proceeds of the Offering to continue exploration and drilling at its Novador Gold project and Detour Gold project.
  • The Offering is expected to close on or about December 22, 2023 and is subject to Probe receiving all necessary regulatory approvals, including the approval of the Toronto Stock Exchange.
  • The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.