Summary
posted on
Jan 15, 2013 09:30AM
Summary
The Updated Resource Estimate highlights a number of key features of the Borden Gold Zone, including:
- The improved delineation and increasing grade of the higher-grade zone within the deposit, which may positively influence future economic studies; - Increasing Resource size and grade at all cut-offs, with an approximately 26% overall increase in the resource at the 0.5 g/t Au cut-off, at similar average grades to the previous Estimate, and a 32% increase in the overall size of the higher-grade core and a 12% increase in grade at the 1 g/t Au cut-off; - Improved confidence in the deposit through upgrade of the majority (85%) of the Resource into the Indicated category, at a 0.5 g/t .
Dr. David Palmer, President of Probe, states: "We are extremely pleased with the results of the current Resource Estimate as the Borden Gold Zone continues to not only grow, but is also improving from a potential economic standpoint. Bulk tonnage deposits are grade sensitive, and our ability to target higher average grades distinguishes our deposit and provides a solid base from which to evaluate a potential development project. The recently identified high-grade interval on Section 1200 is a clear example of the project's growing potential, and indicates that there is still much more to come for this property. During 2013, we will be focused on evaluating the new high-grade mineralization and further improving the deposit and advancing the project development."