Probe Gold Unveils Exciting Infill Drilling Outcomes
Highlights:
- Courvan Trend infill drilling results have intersected valuable near-surface gold zones with significant grades, including encounters of 8.7 g/t Au over 6 metres and 7.2 g/t Au over 6 metres.
- The extensive 50,000-metre winter infill drilling program aimed to back the upcoming 2025 Pre-Feasibility Study, which is anticipated to be released soon.
Probe Gold Inc. (TSX: PRB) (OTCQB: PROBF), is delighted to announce promising findings from its Novador property, a 100%-owned project located near Val-d'Or, Quebec. The recent winter infill drilling program, spanning 50,000 metres, commenced in the fall of the previous year and is set to enhance the Pre-Feasibility Study expected by 2025. The results encompass 36 infill drill holes, totaling 8,202 metres and have identified noteworthy gold intercepts at varying depths.
David Palmer, the esteemed President and CEO of Probe Gold, expressed enthusiasm about the findings, stating, “Our drilling program at Novador continues to yield strong outcomes, affirming mineral continuity while highlighting significant enhancement opportunities within the Courvan trend. These results are vital in supporting resource conversion and strengthening our trajectory towards development.”
Innovation and quality are key as the new drilling results refine 3D models, incorporating high-grade intercepts within the Creek area. Notably, the Courvan Creek Zone remains open for substantial expansion.
Selected Infill Drill Results
Below is a summary of select infill drill results demonstrating the potential of the Courvan Creek deposit:
| Hole Number | From (m) | To (m) | Length (m) | Gold (g/t) | Zone |
|---|---|---|---|---|---|
| CO-25-504 | 42.0 | 46.5 | 4.5 | 5.6 | Creek 001A |
| Including | 43.5 | 45.0 | 1.5 | 15.2 | Creek 001A |
| CO-25-508 | 103.0 | 109.0 | 6.0 | 7.2 | Creek 004 |
| Including | 107.0 | 108.0 | 1.0 | 35.3 | Creek 004 |
| CO-25-516 | 209.0 | 210.0 | 1.0 | 21.7 | New |
Table details represent only a portion of the exciting findings.
Understanding the Mineralization at Novador
The mineralization across the Courvan trend, including the Bussiere Mine and Creek districts, is defined by a range of shallow-dipping east-west gold-bearing veins correlated with shear zones piercing through the Bourlamaque granodiorite batholith. Subsequently, these veins that host gold are primarily composed of sulphide-bearing quartz-carbonate-tourmaline.
Gold is typically associated with pyrite masses present in these veins, indicating a robust mineralization pattern. Importantly, the Bussiere deposit continues to remain open for lateral and depth expansion.
Commitment to Quality and Control
The scientific validity of the information shared has been thoroughly examined by Mr. Vivien Janvier, P.Geo, designated as a “Qualified Person” by the National Instrument 43-101 standards. The assessment process includes rigorous sampling techniques, whereby NQ cores are cut precisely, with splits sent to a certified laboratory for analysis with QR/QC measures ensuring high standards throughout.
About the Novador Project
Since the market entry of Probe Gold in 2016, the company has been progressively accumulating holdings in the Val d'Or East area, a promising gold district. The Novador project encompasses a land area of 202 square kilometres featuring four previously producing mines. The project is strategically located within an accessible region home to various active producers and is poised within a stable mining environment.
Probe Gold Inc. is dedicated to expanding its gold projects and has outlined a comprehensive mining plan that anticipates significant production returns from the Novador project over its lifespan. The company manages a total operational area of around 1,798 square kilometres within prolific gold regions.
Contact Information
For further information, please visit our website at www.probegold.com or reach out to:
Seema Sindwani
Vice-President of Investor Relations
info@probegold.com
+1.416.777.9467
Frequently Asked Questions
1. What is the Novador project?
The Novador project is a gold exploration and development project located in the Val d'Or area, owned 100% by Probe Gold Inc.
2. What were the key findings from the recent drilling?
The drilling revealed significant gold grades including up to 11.7 g/t over 4.0 metres in the latest results.
3. What is the purpose of the infill drilling program?
The infill drilling program is aimed at enhancing resource estimates and supporting the upcoming Pre-Feasibility Study.
4. What qualifications does Mr. Vivien Janvier have?
Mr. Vivien Janvier is a qualified professional geologist as defined by the National Instrument 43-101 standards.
5. How can investors get further information about Probe Gold Inc.?
Investors can check more about Probe Gold Inc. by visiting their official website or contacting their Investor Relations office.
