AXMIN Inc (TSXV: AXM)
AXMIN Inc. (TSXV:AXM) is a Canadian-based exploration and development company with a strong focus on central and West Africa.
At the Monique gold project, 25 km east of Val-d’Or, Quebec, operator Probe Metals has discovered a new gold zone that returned 7.6 g/t gold over 10.0 metres. The Monique project is owned by Montreal’s Monarch Gold, and Probe Metals is earning a 60% interest. Fifteen holes drilled south and southwest of the A and B zones returned evidence of a new 500-metre zone. The best assays from this area were from hole MO-19-16 that cut 5.9 g/t gold over 11.5 metres within a larger interval of 1.9 g/t over 49.4 metres. Hole MO-19-18 returned 7.5 g/t gold over 10.0 metres. Together these two holes point to a new 500-metre gold structure, named zone M. The new zone trends roughly parallel to the A and B zones and dips steeply to the north. Three other holes were drilled along trend. The company is preparing a follow-up drill program for 2020. At market close Tuesday, Probe Metals’ shares were trading up 5% on the TSX. The company has a C$137 million market capitalization. Source: Mining.com
