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Platinex Sells Ivanhoe Property to Probe; Probe Up Slightly

By: MT Newswires
Posted: 12/7/2012 9:32:00 AM
Referenced Stocks: NSR

Platinex Inc. (PTX.V), has entered into an agreement with Probe Mines Limited (PRB.V) to sell 100% interest in its Ivanhoe property. The Company will receive $80,000 as well as 50,000 common shares, and grant a net smelter royalty ( NSR ) of 1.5% on the property.

The Ivanhoe property comprises 363 claim units covering approximately 58 square kilometres situated at the east end of the Borden Lake Belt. The claims are believed to cover the same horizons which host the Borden Lake gold discovery.

Probe Mines is up 1 cent, to $1.89.