Probe Gold to Acquire Adjacent Property to its Monique Gold Deposit in Val-d'Or, Quebec; Extends Strike Potential by 750 metres
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 20 2024
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Source: Newsfilter
Strategic Acquisition: Probe Gold Inc. has entered into an agreement to acquire the Bermont Claims, which extend the Monique Gold Deposit by 750 meters and enhance exploration potential for high-grade gold mineralization, with plans for resource expansion drilling in 2025.
Transaction Details: The acquisition involves a total consideration of $3 million, including cash and shares, along with a milestone payment contingent on confirming a significant mineral resource, while retaining a net smelter return royalty for the seller.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
