Canada’s Eldorado Gold (TSX:ELD)(NYSE:EGO) has bought an 11.5% stake in Quebec-focused explorer Probe Metals, in deal worth about C$23.7 million ($18.9m). The acquisition of 15.04 million common shares of Probe at C$1.575 each follows the friendly takeover of QMX Gold Corp, another junior with assets in Quebec’s resource-rich Abitibi Greenstone Belt, earlier this year. The buyout increased Eldorado’s footprint and landholdings in the area by approximately 550%. Probe Metals owns several gold properties relatively close to Eldorado’s Lamaque gold mine, including the Val-d’Or East project. Depending on market ... (full story)