Probe Mines

Growth through Discovery Canadian Base and Precious Metal Exploration
Re: Goldex
about 16 years ago
3
in response to res-investor's message

"Whats it worth.... looks like this would be worth about $ 30 million to PRB for every 1 million oz found on thos claims."

The financial summary to the 2005 Goldex technical report estimates the total Probe royalty at $91,000 (based on sub-500/oz gold prices; see page 166).

I have some significant concerns with the AEM reporting, given that their maps locate the gold body GEZ outside their map's granodiorite domain, and "coincidentally" only marginally intersection the claims upon which they would have royalties due. Far be it for me to suggest that they've fudged the maps to avoid paying the royalties, but that's one possible explanation for the discrepancies.....as Figures 7.3 and 8.3/8.4 don't agree with one another. In the former, the deposit is substantially NE of the granodiorite band, whereas in the latter two, it's embedded within it (or another one not shown).

Lar

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hoov
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