NEWS RELEASE – 18/2022
Symbol: TSX-V: PRB
Shares Issued: 151,412,679
Probe Metals Intersects 1.5 g/t Au over 60 metres in Expansion Drilling at Monique, Val-d’Or East Project Highlights: • Expansion drilling at the Monique deposit cut new intercepts grading up to 1.5 g/t Au over 60.0 metre, 32.1 g/t Au over 2.3 metres, 1.9 g/t Au over 20.3 metres and 1.0 g/t Au over 37.1 metres proximal to the existing resource • Infill drilling continues to strengthen resource and returned significant new intersections grading up to 2.2 g/t Au over 38.3 metres, including 94.1 g/t Au over 0.8 metre, 2.3 g/t Au over 24.4 metres, and 1.1 g/t Au over 36.9 metres • Year-to-date over 153,000 metres of drilling completed at Val-d’Or East • Six drills active at the project – five on the Courvan and one on the Pascalis gold trends Toronto, November 8, 2022 – PROBE METALS INC. (TSX-V: PRB) (OTCQB: PROBF) (“Probe” or the “Company”) is pleased to provide further results from the 2022 drill program on its 100%owned Val-d’Or East Monique property (the “Property”) located near Val-d’Or, Quebec. Results from fifty-one (51) new holes demonstrate continued strike and depth expansion with significant gold intercepts along the Monique gold zones. The 2022 drill program aimed to convert, expand, and discover new gold resources within and surrounding the conceptual pits from the 2021 PEA report (see figure 1). Results from three hundred thirty-six (336) holes drilled since the beginning of 2022 at Monique (79), Pascalis (197) and Courvan (60) are still pending and will be released as they are received and interpreted. Selected highlights from the current results are presented below. David Palmer, President and CEO of Probe, states: “As we approach the end of the 2022 drilling season we are extremely pleased with the outcome. Monique has surprised to the upside in terms of resource expansion and resource conversion, while remaining open for further expansion in all directions. This year was our largest program to date and we still have a significant number of results pending, which we will continue to release as they come in. As we look to 2023 we will be focussed on extracting even more value from the project, not only through expanding our gold resource base, but also targeting potential exploration catalysts across Val-d’Or East and on our Detour Quebec project, as well.” Expansion drilling – Twenty-three (23) holes released today are from the expansion drilling program designed to test the extension of the A, B, M, and new zones laterally and at depth. Twelve (12) of these expansion drilling holes intersected gold structures with grade times thickness above 15.0 g/t. Gold mineralization above the 0.42 g/t Au cut-off grade was intersected in all of these holes and we are planning follow-up drilling to expand and define resources. Infill drilling – Twenty-four (24) holes are from the resource conversion drilling program designed to test the continuity of A, B, I and J zones inside the conceptual pits between surface to approximately 325 metres depth and four (4) holes to test the A and B zones between 350 to 450