Probe Gold Inc. (PROBF)

[investor15]

TheAuReport

Expert Comments: Probe Mines Ltd.

BNN Interview with John Kaiser (9/12/13) "There is a chance Probe Mines Limited could develop a 'new mining district' outcome where the company could end up controlling 10–20 Moz in the form of medium-grade gold deposits, which would make the stock far more valuable than the $4–5 target one could hope for, based on a positive preliminary economic assessment for the Borden deposit alone at gold prices below US$1,600/oz."

Haywood Securities (9/11/13) "Probe Mines Ltd. is advancing its Borden gold project, a 4.3 Moz gold discovery hosting near-surface mineralization amenable to open-pit mining in the low political-risk jurisdiction of northwestern Ontario. . .stepout drilling this year has extended high-grade mineralization by 700m to the southeast, and mineralization still remains open in both directions along strike. Recent high-grade results southeast of the current resource include 14.3m grading 11.1 g/t gold and 11.6m averaging 15.1 g/t gold. An updated resource is anticipated by the end of 2013 and a preliminary environmental assessment is targeted in H1/14."

The Gold Report Interview with Barry Allan (9/4/13) "We've been involved with Probe Mines Limited for some time. What started off as something that looked like a better-quality 1 g/t bulk mining, open-pit deposit has morphed into what is likely to become a high-grade underground mine that will grade somewhere between 6 and 15 g/t. As subsequent drill results have confirmed, there is a very high-quality component to the resource—better than 10 g/t—that allows Probe the flexibility of investigating a smaller-scale, higher-grade development scenario. It would have a smaller footprint and a more affordable up-front capital cost. And interestingly, mineralization remains open. It has been one of the better gold discoveries in years." More >

http://www.theaureport.com/pub/co/3961#quote