Probe Mines Appoints New Chief Operating Officer
05 Maggio 2014 - 12:00PM
Marketwired
Probe Mines Appoints New Chief Operating Officer
TORONTO, ONTARIO--(Marketwired - May 5, 2014) - Probe Mines
Limited (TSX-VENTURE:PRB) ("Probe" or the "Company") is pleased to
announce that Yves Dessureault has been appointed Chief Operating
Officer, replacing Michael Petrina, who has decided to leave the
Company to pursue other interests. The Company would like to thank
Mike for his contribution in advancing the Borden Gold project and
wish him the very best in his future endeavors.
Mr. Dessureault brings over 25 years of international mining
experience in operations, consulting and engineering with a focus
in the last 15 years on project evaluation, development and
execution. Mr. Dessureault previously held leadership positions
with Rio Tinto PLC and Hatch Ltd., and more recently was a partner
at BBA Inc. where he was leading their Toronto operations. At BBA
and Hatch, he was responsible for managing engineering projects,
especially in the area of project development or feasibility
studies for mining clients including Rio Tinto PLC, Sherwood Copper
Corp., Teck Resources Limited and Potash Corp. Since 2012, he has
been the main consultant to Probe and been part of the Borden Gold
project development. For 10 years at Rio Tinto, Mr. Dessureault
held several operational roles including the Project Director for a
C$600 million project. Throughout his career, he has managed
development of greenfield and brownfield projects valued between
C$110 million and C$1,200 million, and covered many commodities
including gold. Mr. Dessureault is a Professional Engineer, he
holds a B.Eng., M.Sc.A. and Ph.D. from École Polytechnique of
Montréal and an MBA from HEC Montreal.
Dr. David Palmer, President and CEO of Probe, states, "The depth
and breadth of Yves' industry experience and his close involvement
in the Borden Project over the past three years make him the ideal
person to lead our operating team. Yves has been actively involved
in the development and growth of the Borden Gold project as our
lead consultant since 2012 and we are pleased that he will now
guide the development of the project from within as an integral
member of the team. We are all looking forward to working closely
with him as we continue to advance the project".
Mr. Dessureault will be granted options to acquire 250,000
common shares of Probe for a period of five years with an exercise
price of $2.50 per share.
About Probe Mines:
Probe Mines Limited is a Canadian precious metals exploration
company whose key asset is the Borden Gold Zone in Ontario, Canada.
As of January 31, 2014, the Company is well-positioned with
approximately $29.4 million in treasury. The Company is actively
exploring a significant new gold resource on its Borden Gold Zone
near Chapleau, Ontario and has 100% interest in the Black Creek
chromite deposit located in Northern Ontario. The Company's shares
trade on the TSX Venture Exchange under the symbol PRB.
On behalf of Probe Mines Limited,
Dr. David Palmer, President & Chief Executive Officer
Forward-Looking Statements
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This News Release includes certain
"forward-looking statements" which are not comprised of historical
facts. Forward-looking statements include estimates and statements
that describe the Company's future plans, objectives or goals,
including words to the effect that the Company or management
expects a stated condition or result to occur. Forward-looking
statements may be identified by such terms as "believes",
"anticipates", "expects", "estimates", "may", "could", "would",
"will", or "plan". Since forward-looking statements are based on
assumptions and address future events and conditions, by their very
nature they involve inherent risks and uncertainties. Although
these statements are based on information currently available to
the Company, the Company provides no assurance that actual results
will meet management's expectations. Risks, uncertainties and other
factors involved with forward-looking information could cause
actual events, results, performance, prospects and opportunities to
differ materially from those expressed or implied by such
forward-looking information. Forward looking information in this
news release includes, but is not limited to, the Company's
objectives, goals or future plans, statements regarding exploration
results, potential mineralization, the estimation of mineral
resources, exploration and mine development plans, timing of the
commencement of operations and estimates of market conditions.
Factors that could cause actual results to differ materially from
such forward-looking information include, but are not limited to,
failure to identify mineral resources, failure to convert estimated
mineral resources to reserves, the inability to complete a
feasibility study which recommends a production decision, the
preliminary nature of metallurgical test results, delays in
obtaining or failures to obtain required governmental,
environmental or other project approvals, political risks,
inability to fulfill the duty to accommodate First Nations and
other indigenous peoples, uncertainties relating to the
availability and costs of financing needed in the future, changes
in equity markets, inflation, changes in exchange rates,
fluctuations in commodity prices, delays in the development of
projects, capital and operating costs varying significantly from
estimates and the other risks involved in the mineral exploration
and development industry, and those risks set out in the Company's
public documents filed on SEDAR. Although the Company believes that
the assumptions and factors used in preparing the forward-looking
information in this news release are reasonable, undue reliance
should not be placed on such information, which only applies as of
the date of this news release, and no assurance can be given that
such events will occur in the disclosed time frames or at all. The
Company disclaims any intention or obligation to update or revise
any forward-looking information, whether as a result of new
information, future events or otherwise, other than as required by
law.
Shares Issued: 75,784,727
Probe Mines LimitedKaren WilloughbyDirector of Corporate
Communications(866) 936-6766info@probemines.comProbe Mines
LimitedPatrick LangloisVice President, Corporate Development(416)
777-6703patrick@probemines.com
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