Probe Metals and Midland Discover a large Copper-Gold-Silver-Molybdenum System on La Peltrie Option Property, Detour Project

Highlights:

TORONTO, Dec. 06, 2022 (GLOBE NEWSWIRE) -- Probe Metals Inc. (TSX-V: PRB) (OTCQB: PROBF) (“Probe” or the “Company”), in partnership with Midland Exploration Inc. (“Midland”) (TSX.V: MD), is pleased to announce the discovery of a large copper-gold-silver-molybdenum (“Cu-Au-Ag-Mo”) mineralized system on the La Peltrie Option Property (“the Property”) located 15 kilometres to the southeast of Agnico Eagle’s Zone 58N gold zone and about 25 kilometres west of the former Selbaie Mine which produced 56.9 Mt grading 0.87% Cu, 1.85% Zn, 39 g/t Ag and 0.55 g/t Au (historical production). New results come from the first of two drilling programs on the Detour Project in 2022 (Figure 1). Drilling was designed to test selected targets from the induced polarization (IP) and property-scale biogeochemical sampling programs. A new zone, discovered by hole LAP-22-12, contained significant Copper-Gold-Silver-Molybdenum mineralization throughout the entire 346-metre drill hole. Additionally, two regional exploration drill holes intersected low-grade gold zones along the Lower Detour – Gold Zone 58N Shear Splay. Based on these interesting drill results, the La Peltrie program successfully demonstrated high prospectivity for large gold and copper mineralized systems that will be followed up in the 2023 programs. Today’s results on La Peltrie come from seven (7) drill holes totaling 2,388 metres, on new exploration targets (Figure 2). Assay results from selected drill holes are reported below (Table 2). Results from the second drilling program at the 100% owned Detour Quebec Main claims block are expected to be released early next year.

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