Probe Gold Enhances Val-d’Or Resource Estimate Significantly
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Significant Increases in Val-d'Or Resource Estimates
Overview: Probe Gold Inc. is thrilled to share the updated mineral resource estimate for its Val-d'Or properties in Quebec. This release highlights a remarkable growth in gold resources, with figures reaching 6,728,600 ounces for Measured and Indicated (M&I) resources and 3,277,100 ounces for inferred resources.
Impressive Resource Growth Figures
The latest estimates demonstrate a significant increase, marking a 77% rise in M&I resources and an impressive 131% growth in inferred resources compared to the previous update in 2023. Notably, the Novador Development Project alone contributes 6,405,000 ounces in M&I and 1,550,200 ounces in the inferred category, driven by positive drilling results across several deposits, including Monique, Pascalis, Courvan, and Beaufor.
Drilling Success and Development Ambitions
Over 95,000 metres of new drilling have shaped these estimates, reflecting Probe Gold's commitment to expanding its resource base. The conversion from inferred to indicated resources has been robust across several trends, especially at Monique, Pascalis, and Courvan, showcasing the potential for further growth here.
Future Developments and Opportunities
With 82% of the total gold now categorized within open-pit constrained resources, there lies a strong prospect for continued near-surface resource expansion. Ongoing development includes a new 50,000-metre infill drill program aimed at further resource conversion in preparation for an upcoming pre-feasibility study.
Continued Advancements in Permitting
Probe Gold is making strides in its permitting process with federal guidelines for Phase II already received, and a detailed project description has been submitted to the relevant provincial authorities. This proactive approach underpins the company’s roadmap to advance the Novador project towards production.
About Probe Gold Inc.
Probe Gold Inc. is a dynamic mining company focused on the acquisition, exploration, and development of high-quality gold properties. It remains well-capitalized and has established a firm footprint in Quebec, controlling a significant land package within one of the province's most prolific mining districts.
Upcoming Milestones
- Expansion of Development Activities: The focus on infill and condemnation drilling will support ongoing advancement.
- Pre-Feasibility Study: The results from the 2024 and 2025 drilling campaigns will lay the groundwork for this comprehensive study.
- Advancing Permitting: Continuous progress through the permitting processes aligns with project timelines and regulations.
- Showcasing Upside Potential: Highlighting the growth of the Novador project and regional exploration programs will be a priority.
Frequently Asked Questions
What are the latest gold resource estimates for Probe Gold?
Probe Gold's latest report shows 6,728,600 ounces in Measured and Indicated resources and 3,277,100 ounces in inferred resources.
How much has Probe Gold's resources grown since 2023?
The company has reported a 77% increase in M&I resources and a 131% increase in inferred resources compared to the 2023 estimate.
What projects are included in the latest resource estimate?
The updated estimates include key deposits from the Novador Development Project, specifically Monique, Pascalis, Courvan, and Beaufor.
What are the next steps for Probe Gold?
Upcoming activities include expanding development initiatives, completing a Pre-Feasibility Study, and advancing permitting processes.
Where can I find more information about Probe Gold Inc.?
For additional details, you can visit Probe Gold's website or contact their investor relations.
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