Probe Gold Reports High-Grade Gold Results in Quebec Drilling
Significant Gold Findings from Probe Gold's Novador Project
Probe Gold Inc. continues to impress with remarkable results from its ongoing infill drilling program at the Monique deposit within the Novador Project. After completing a substantial 50,000-metre drilling program, the company has reported intermittent high-grade gold hits that are expected to aid in the upcoming pre-feasibility study.
Infill Drilling Highlights
The infill drilling focused on several zones, particularly the B & B1 areas of the Monique deposit, yielding impressive grades:
- 5.4 g/t Au over 16.4 metres (cut), including standout values of 30.5 g/t over 5.6 metres.
- 6.7 g/t Au over 20.7 metres (cut), showcasing a solid 12.3 g/t uncut.
- Additional findings include grades of 2.8 g/t Au over 16.5 metres and 4.8 g/t Au over 8.3 metres. Furthermore, notable intersections included 12.8 g/t over 19.5 metres (cut).
Moreover, the E1, G2, J2, and J3 zones offered further insights with grades like 4.0 g/t Au over 7.6 metres and significant values of 8.1 g/t Au over 4.0 metres that incorporated 27.4 g/t Au in intervals of 1 metre.
Continued Exploration and Expansion Potential
David Palmer, President and CEO of Probe, expressed enthusiasm about these ongoing results, stating that they confirm the continuity of the gold deposit while also highlighting the potential for significant expansion. The data gathered from the thirty-three drilled holes across 14,045 metres has reinforced the idea of deeper fertile gold zones, which could substantially impact future resource calculations.
As exploration continues, the Monique zone remains tantalizingly open for expansion, offering the promise of additional resource discovery along strike and at greater depths. This encourages the team to focus their efforts on both resource growth and optimizing mine planning.
Strategic Vision for Novador's Development
With over $50 million in treasury, Probe Gold is passionately committed to establishing the Novador project as a prime gold development site, emphasizing sustainable long-term growth and value creation. The firm aims to streamline operations by consolidating project layouts into larger open pits, enhancing operational efficiencies.
This proactive approach not only reduces project risk but also exponentially increases the overall value of Novador, reinforcing its potential within a competitive gold market.
Understanding the Monique Gold Trend
Mineralization at the Monique deposit predominantly arises around deformation zones spanning the mineralized structures of the deposit. Notably, these structures show an inclination of 75°-80° to the north with orientations between 280°-300°.
Mineralization is characterized by an intricate network of quartz/carbonate/albite veins, which hosts fine disseminated pyrite within altered volcanic rocks and diorite dykes. This unique combination has laid down extensive mineralized structures, potentially extending more than 2,500 metres laterally and reaching depths of up to 700 metres.
The Future of Probe Gold
Probe Gold Inc. is swiftly advancing in the Val d'Or region, focusing on the synthesis of extensive land holdings while ensuring the success of its flagship Novador Project. With gold resources of over 6.7 million ounces, the company's assets reflect its robust positioning in one of Canada’s most productive mining districts.
As the company moves forward, the results from its drills inform optimistic planning and affirm the company’s strong belief in the Novador project’s potential for viable mining success.
Frequently Asked Questions
What are the latest results from Probe Gold's drilling program?
The latest drill results have revealed several high-grade gold intercepts, including notable hits like 12.3 g/t Au over 20.7 metres.
How does Probe Gold plan to utilize these findings?
The results from the drilling program will support an upcoming pre-feasibility study and guide resource conversion efforts.
What is the status of the Novador Project?
The Novador Project has successfully completed a 50,000-metre drilling program and continues to show promising potential for expansion.
Who is leading Probe Gold?
David Palmer, serving as the President and CEO, is at the helm of Probe Gold, guiding its exploration and development strategies.
How can interested parties stay updated on Probe Gold?
Stakeholders can visit the company's website or subscribe to updates on their ongoing projects and developments.
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