Pro Minerals Inc trades in the stock market under the ticker symbol of PRM. Search for the ticker of any public company above using the 'Get Ticker' search in red.

Who is Pro Minerals Inc?

Pro Minerals Inc. engages in the acquisition, exploration, and development of mineral properties in Ontario and Quebec, Canada. It primarily explores for gold, silver, copper, and zinc. The company principally holds interests in the Discovery Lake VMS project that consists of 36 mineral claims totaling an area of approximately 5,059 hectares and is located in the Petawanga Lake (Fort Hope) area of the Thunder Bay Mining District in northern Ontario; and the Shining Tree gold project, which consists of 1 mineral claim covering an area of approximately 72 hectares and is situated within the Abitibi Greenstone belt in Churchill Township, north-eastern Ontario. Pro Minerals Inc. was founded in 2006 and is headquartered in Vancouver, Canada.

Founded in 2006
Last C$0.01 CAD
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Volume 0.0
As of 5:00 PM 09/6/12 All times are local (Market data is delayed by at least 15 minutes).

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pro minerals inc (PRM) Key Developments

Pro Minerals Inc. Receives Positive NI 43-101 Compliant Technical Report for Lac Laura Gold-Silver-Copper Project

Pro Minerals Inc. and its Board of Directors reported that the company has received a positive NI 43-101 compliant technical report from C.D.G.C. Inc. on the company's Lac Laura Gold Project located in Levy Township, WSW of the Chibougamau, Quebec mining camp. The Lac Laura Gold Project is 100% owned by Pro Minerals. The project encompasses 39 mineral claims (550.65 hectares/1,360.6 acres). A $1,200,000 two-phase exploration program has been recommended which would include 3,000 meters (9,842.5 feet) of diamond drilling. The Lac Laura Project is the site of favorable geological context for the deposition of gold-silver and copper (vein-type deposits), with the presence in the neighborhood, of the past producing Cooke Cu-Au mine which operated from 1976 to 1985 and produced 1,084,000 tonnes grading 5.69 g/t Gold, 0.85% Copper, and 10 g/t Silver and for VMS type deposits.

Pro Minerals Inc. Announces Exploration Results from the Lac Laura Gold Project Drill Program

Pro Minerals Inc. reported that the company has received its assay results from the recent four-hole diamond drilling program carried out on its 100% owned Lac Laura Gold Project; situated near the mining town of Chapais, Quebec. Hole LLN-11-01 was planned to intersect the extension at depth of mineralization found on surface in the Central zone of the ‘Discovery’ area which is divided into two sectors by a NW trending shear zone. The Western sector is covering a highly schistozed pillowed meta-andesite with considerable small elongated pillows. In this part, the schistosity is oriented NW and dipping vertically. Tops of the pillows have been interpreted to be trending towards west. East of the NW shear zone, the meta-andesite is aphanitic to porphyritic, highly schistozed and cut by considerable stringers and veinlets of quartz and numerous joints. In the center of this Central zone, a favourable WNW-ESE strongly sheared and faulted zone (SZ #2), about 8 m wide; is accompanied by metric quartz-sulfide veins that can be followed for more than 30m and appears to still be open in both directions. The quartz-carbonate sulfide veins visible are boudinaged, and range in thickness, from 0.30 m to 2.50 m. Hole LLN 11-01, 102 m long, was drilled at -450 in a NE direction. It intersected from 62.13 to 69.55 m, three metric intersections of low Copper and Zinc values with traces of gold and silver. Hole LLN- 11-02 was started from the same location as hole LLN-11-01, with the same direction, but was drilled with a dip of -600. This hole was planned to evaluate the deep extension of Shear Zone # 2 South and Shear Zone # 2 North. The first intersection is thought to correspond to the extension at depth of the Shear Zone #2 South and confirm the existence of a strong boudinage. Intersections 2 to 4 correspond to a mineralized shear zone which was new and had not been uncovered earlier by the recent stripping program. The 99 meter long Hole LLN-11-03 was drilled in a NE direction with a dip of -450. Its target was the mineralized ‘Discovery’ zone which was found to correspond to a narrow NW oriented shear zone. Along this shear zone, the mineralization appears lenticular. Boudinage (geological term for often-favourable structures formed by extension, where a rigid tabular body such is stretched and deformed amidst less competent surroundings) is well visible along this shear zone. Because the ‘Discovery’ showing was found on the south mirror of the fault, it was very difficult to cut a horizontal channel right on the gossan itself. Hole LLN-11-03 returned 1.23 g/T Au, 2 g/T Ag from 51.0 to 51.3 m (0.30 m), which is indicating that the mineralized shear extends at depth. Hole LLN-11-04 was set-up about 50 m South of the Otter River gossan discovered by the field crew and is located about 125 m NW of the stripping. This gossan was channel sampled and the sample assayed well. The 108 meter long hole was bored to the north with a dip of ­ 45º. It intersected some narrow shear zones one of which returned 0.20 g/T Au, 1.91 % Zn and 0.26 % Pb from 58.60 to 59.00 m. This mineralized shear zone corresponds to the gossan sampled on surface. Results obtained, indicate that the precious and base metals are irregularly distributed along the shear zone. An IP survey covering this major structure has been highly recommended. It has been noted that the Otter River follows the Chiboug Copper Fault which is known in the surrounding Chapais area for its potential to host economic ‘Cooke Mine type’ gold-copper mineralized orebodies. This Chiboug Copper Fault crosses over and through the well-known ‘Cooke Mine’ which was successfully operated from 1977 to 1989 by Inmet Mining Corporation. The Cooke Mine produced 2 Mt grading 5.00 g/t Au, 10 g/t Ag and 0.66% Cu; from mesothermal quartz-sulfide veins, deeply embanked in narrow E-W to WNW-ESE oriented shear zones which cut the south part of the Blondeau Formation. All numbers re the Cooke Mine are for reference purposes only and are non NI 43-101 compliant.

Pro Minerals Inc. Announces Lac Laura Gold-Copper Project Delivers Positive Sample Results

Pro Minerals Inc. and its Board of Directors reported that the company has received positive assay results from the channel sampling portion of its recent stripping, channel sampling, and diamond drilling program carried out on its 100% owned Lac Laura Gold Project; situated near the mining town of Chapais, Quebec. The mineralized showings, where the stripping and drilling programs were being carried out, are located approximately 800m north of the Chapais-Senneterre Highway. They were discovered in 2009 and had not been drilled previously. In 2009, one of the grab samples collected by Dr. Christian Derosier, P.Geo., QP for the project, returned 128.5 g/t Au (4.1 oz Au), 113 g/t Ag and 2.61% Cu. The most recent stripping and sampling program covered and area of approximately half a hectare around that high-grade 2009 showing; which was discovered on the south face of a small cliff of a rounded hill. The recent stripping was made utilizing a hydraulic shovel and powerful high pressure washing equipment. The work uncovered favourable meta andesite units cut by faults and narrow shear zones. The company's channel sampling was made across a number of mineralized veins, mostly following a N-S direction, in order to intersect, at a good angle, the three sets of shear zones. The channel samples were each 1 m long, 5 cm in width and 7 cm deep. They were cut utilizing a gas powered diamond grit saw. Each sample was removed using a chisel and a hammer and placed in a plastic sample bag which was then tagged and sealed by the project QP. The sample bags were then sent to Techni-Lab S.G.B. Abitibi Inc. Samples were assayed for base and precious metals by fire assay method (Au, Co, Pt, and Pd) with the AA and gravimetric finish (Au); and the base metals were assayed by the ICP method. A total of 62 channel samples were been taken and assayed.

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