Lac Laura Gold Project

The project is located 30 km West from Chibougamau, QC just off the provincial hwy. Pro Minerals entered into an option agreement to acquire a 100% interest in the “Lac Laura Gold Project”, from Apella Resources Inc. A recent discovery of a new gold-silver-copper showing on the Northern part of the property returned assay values of 128.5 g/T (4.1 oz) Gold, 113 g/T (3.6 oz) Silver and 2.61% Copper.

Farther to the North, sampling re-discovered a second historic showing. The showing features a trench which was created in the 1950's by a company named Indian Lake. This blasted trench shows a shear zone filled with massive to semi-massive pyrrhotite and chalcopyrite. The shear zone is 30 cm thick, dipping vertically and oriented almost E-W. One representative grab sample was taken which returned assays of 0.2 g/T Gold, 10.05 g/T Silver, 0.74 % Copper, 185 ppm Cobalt, and 95 ppm Nickel.

In 1987, Minnova Inc. reported a drill defined resource estimate of 163,295 tonnes grading 5.83 g/T gold on what is now part of the Property. Pro Minerals is not treating this historical resource estimate as a National Instrument 43-101 defined resource for reserves verified by a qualified person and the historical resource estimate should not be relied upon.

This past summer the Lac Laura Gold Project was also highlighted and selected to be the subject of a Quebec Government geological compilation project. The results of the Government project will be released as part of a comprehensive report due this fall, which the company will be able to utilize in defining future exploration targets.

A new timber road has also recently been built parallel to the Chapais-Senneterre Highway, which permits much better access to the northern part of the property which is covering the southern portion of the Blondeau Formation. This Formation comprises volcanic rocks as well as Gabbro sills. Those sills are known to contain chalcopyrite, pyrrhotite, pyrite and sometimes sphalerite. The Blondeau Formation is known to be favourable for the discovery of "Cooke Mine type" copper mineralization as well as VMS type mineralization. Several MEGATEM and INPUT anomalies cover this northern part of the property and Pro Minerals intends to verify these targets by ground geophysical surveys and a diamond drilling program.