Agoracom: Small Cap Investment - Probe Mines - TSXV's Probe Metals May Further Climb After Expanding Val-d'Or East Gold Project

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TSXV's Probe Metals May Further Climb After Expanding Val-d'Or East Gold Project

posted on May 05, 2020 09:36AM

2020-05-05 09:18:58 AM ET (MT Newswires)

09:18 AM EDT, 05/05/2020 (MT Newswires) -- Probe Metals Inc. (PRB.V) may further climb from yesterday's 2.7% rise after saying Tuesday that it expanded its Val-d'Or East gold project in Quebec to 435 square kilometers from 334 square kilometers through staking.

The company said it staked an additional 179 claims contiguous to the Pascalis and Megiscane-Tavernier properties within the project. The new claims were staked along gold structures identified during regional exploration work.

Probe said it has over $30 million in cash, allowing it to continue advancing the project as the global gold markets strengthen. Additional surveys and drilling are planned for 2020.