An initial $0.5 million exploration budget was approved by Probes Mines with Noront’s share being 50%. The total cost for Phase I drilling was $250,000 (not $500,000). With recent rising WTM sp ($2.37) on 400K shares, ironically Probes became richer.

I posted in early July that Probes had a deep-down drilling plan as part of the Phase II exploration activities hosting Noront geologists and technical staff to be participated in the plan. No Noront staff participated in the field activities of Phase I other than Dave.

Probes probably has access to the Noront's insider information through technical committee meetings. Knowing hole-09-49 was located at the northwestern contact of the Eagle One conduit, it is a common sense that one of holes 50, 51,52,53, etc. were very close to the NOT/PRB jv property. Noront is extremely tight-lipped in regards to the location, angles, etc.