• Discovery Made in 2010
• Located in Ontario, Mining Friendly Jurisdiction
• Increasing Resource and Grade
• Close to Well-developed Infrastructure in Ontario
The Borden Gold project is located in northern Ontario, approximately 160 km southwest of the city of Timmins and 9 km east-northeast of the town of Chapleau. The gold discovery was made within one kilometre of Highway 101, which links the towns of Chapleau and Timmins. The Borden Gold project is approximately 15 kilometres from well-developed infrastructure.
The Borden Gold Project represents a gold discovery associated with Timiskaming-age sediments in an underexplored part of the Kapuskasing Structural Zone. Timiskaming sediments often show a spatial association with large-scale Archean lode gold deposits such as those found in the Timmins, Kirkland Lake, Hemlo and Red Lake gold camps and thus represent an important geological indicator for the gold potential of an area.
An updated NI 43-101 was completed on the project in January 2013. The Borden Gold Zone is estimated to contain a Pit-Constrained Indicated Resource of 3,686,000 ounces of gold averaging 1.02 g/t Au and an additional Inferred Resource of 625,000 ounces of gold averaging 1.08 g/t Au, at a 0.5 g/t Au cut-off grade. This represents an overall increase of approximately 26%, at similar average grades, from the previous Resource Estimate.
The Borden Gold Project has been the main focus of Probe's exploration programs since significant gold mineralization was confirmed in November 2010.