Stalwart junior resource stock analyst John Kaiser was uncharacteristically enthusiastic in recommending Probe Mines (TSXV:PRB) to Korelin Economics radio subscribers today, saying the company’s Borden Gold project, about 200 km southwest of the Timmins Gold District in Ontario, Canada, has “District scale potential” of its own.
Originally Probe Mines thought they had approximately 4 million ounces of 1 gram per tonne gold at Borden Gold, however higher grades have been found as the deposit plunges to the southeast. Intersections of 5-20 grams per ton gold over up to 50 meter widths along a 800 meter strike will add substantially to the story, according to Kaiser, who sees potential for both open pit and underground mining operations at the company’s flagship project.
After finding this new high grade zone which Kaiser says has “Spectacular continuity”, the company has postponed their Preliminary Economic Assessment (PEA). A new Resource Estimate is expected in September, however. The market is also waiting for the company to consolidate ownership at the Borden Gold project 100%. Some other land holders own slivers of the project currently. Kaiser expects this to be resolved in short order.
Probe has been very forthcoming, Kaiser noted, publishing detailed sections as part of a sixty page report on the discovery. Mr. Kaiser, a well respected analyst with over 30 years experience in the junior resource sector, is rarely rarely this excited about a story. Listen for yourself at the Korelin Economics Report.
Probe Mines 3 year chart: 
Disclosure: No position in Probe. All facts to be verified by the reader.
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Probe Mines: Enthusiastic Recomendation From Analyst
Published 09/03/2013, 01:19 AM
Updated 07/09/2023, 06:31 AM
Probe Mines: Enthusiastic Recomendation From Analyst
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