TORONTO, ONTARIO -- 12/06/16 -- Probe Metals Inc. (TSX VENTURE: PRB) ("Probe" or the "Company, is pleased to announce results from the ongoing drilling program on its 100% owned Val-d'Or East project (the "Project") located in Quebec (see table 1). In addition to further definition and delineation of the East-West-trending gold-bearing quartz-tourmaline vein system, drilling was also successful in discovering a new high-grade gold zone hosted by diorite dyke, similar to that of the past-producing Beliveau Mine.

 

Highlights from new drilling include:

--  Discovery of a new high-grade gold zone in diorite dyke returning intervals of up to 12.6 g/t gold ("Au") over 7.3 metres in Hole PC-90. Mineralization was intersected consistently between 400 and 800 metres depth and could represent a significant new gold zone (within the dyke mineralization, true width is not known)

 

--  Holes PC-91 & -94 also intersected the high-grade zone returning

    intercepts of up to 8.5 g/t Au over 3.5 metres and 9.7 g/t Au over 4.2

    metres, respectively (within the dyke mineralization, true width is not

    known)

 

--  Continuity of near surface mineralization continues to be demonstrated

    with some impressive intervals in the first 150 meters of depth, with

    the best intercept returning 2.0 g/t Au over 143 metres, including 35.1

    g/t Au over 4.2 metres, in Hole PC-90 (true width approximately 70% -

    90% of drill interval).

 

The new gold zone was intersected by an infill drill hole, DDH PC-90, which was originally designed to test for higher grade mineralization within the east-west-trending quartz-tourmaline vein system. At approximately 400 metres depth (down-hole) a north-south-trending diorite dyke containing numerous zones of significant disseminated pyrite mineralization and quartz-tourmaline veins, similar to that hosting the former Beliveau Mine, were intersected and traced down to over 800 metres depth down hole. The true width of these zones is not known and will require further drilling to determine. The presence of strong gold mineralization in the diorite dyke at these depths indicates that the east-west feeder system is active at these levels and bodes well for further expansion along strike, away from the dyke, at these depths. In addition to the new zone, the higher-grade quartz-tourmaline vein mineralization originally targeted was also intersected at shallow depths in Hole PC-90, returning an impressive 2.0 g/t Au over 143 metres starting at 15 metres depth (down hole). Other highlights of the near-surface vein system include: 2.5 g/t Au over 25.5 metres in Hole PC-86; and 3.0 g/t Au over 16.0 metres in Hole PC-88. Results from this first-phase drilling program are very encouraging, and indicate increased potential for both near-surface bulk tonnage and deeper, higher grade mineralized systems. Results also demonstrate the continuity of the gold mineralization and therefore the potential for significant new mineralization laterally to the west and east of the known mineralization.