Probe Gold Inc T.PRB

Alternate Symbol(s): PROBF

Metals & Mining Gold

Probe Gold Inc. is a Canadian gold exploration company focused on the acquisition, exploration, and development of highly prospective gold properties. The owns 100% of its flagship asset, the multimillion-ounce Novador Gold Project in Quebec, as well as an early-stage Detour Gold Quebec project. The Company holds a large land package of approximately 1685-square-kilometres of exploration ground within some of the prolific gold belts in Quebec. Its Casa Cameron Project includes the Casagosic, Sinclair-Bruneau and Florence properties, which are located north of the towns of La Sarre, Amos and Lebel-sur-Quevillon, northwest region in Quebec. It also holds three properties in the James Bay Lowlands area of northern Ontario, Canada: the Black Creek Property, the Tamarack-McFauld’s Lake Property, and the Victory Property. The Company has a 50/50 joint venture with Pan American Silver on the Meunier-144 property. It also owns 100% interest in the Croinor Property located in Val-d’Or, Quebec.

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Probe Gold Inc

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Post by JuniorMiner2014on Oct 02, 2023 11:14am

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Post# 35664975

Q3 Update

Good morning,

We released our Q3 2023 quarterly update today. Please see below for the link to the presentation, which outlines our achievements in Q3 2023 year and the outlook for the next quarter.

https://probegold.com/investors/#latest-presentations

Here are the key points:

2023 Q3 update

Novador Project

Exploration – Q3 achievements

Updated Val-D’Or Mineral Resource Estimate (July 2023)
1. Total inventory of 3.8Moz M&I and 1.4Moz Inferred category- 28% increase from the 2021 Mineral Resource.
2. Novador project has 3.8Moz M&I and 1.2Moz Inferred category - 30% increase from the 2021 Mineral Resource.
Monique Drill results (Aug 2023)
Near surface expansion and Infill drilling – intersected significant intercepts 3.8 g/t Au over 24.4 m, 1 g/t Au over 62.5m and 3.3 g/t Au over 20.5m .
Novador Expansion Drilling – 44,000 metres completed - visual results encouraging.
Novador Exploration Drilling – 12,000 metres completed - visual results encouraging.
Drill program

Next quarter

Continue Expansion Drilling program with up to four drills on Novador Monique/Pascalis/Courvan deposits (~15,000m).
Start Exploration Drilling program at the Val-d’Or East Croinor property with up to two drills on new gold targets (~4,000m).
Continue geochemical programs on new Exploration targets at Novador.
Perform an airborne (VTEM) geophysical survey on Val-d’Or East Megiscane property.
Release drill Results from Expansion and Exploration at Novador.

Development – Q3 achievements

Updated PEA
1. Final Geotechnical Description Received for overburden characterization – Areas of soft clays on the properties that will be managed in the updated PEA.
2. Final Pit Slope Design Criteria Received – In general, similar to or better pit slopes than in the 2021 PEA.
3. Selection and mobilization of consultants for the updated PEA.
4. Process trade-off studies initiated.
ESG – First ESG report issued.
Ecologo certification for responsible mining practices awarded.
Permitting – Second draft of the initial Project Description submitted to the Impact Assessment Agency of Canada and final concordance assessment received.

Next quarter

Final Initial Project Description submitted to the Impact Assessment Agency of Canada which will kick-off the official start of the federal permitting process.
Finalize process trade-off studies and selection of final flowsheet to use for updated PEA.
Establish process plant capacity for updated PEA.
Advance engineering for selected case to use for updated PEA.
Stakeholder consultation to continue.

Detour Project
Exploration – Q3 achievements

Detour (Western and Central areas 100% Probe owned)
1. Drill program completed (4,900 metres) - visual results encouraging.
Detour La Peltrie (Midland option)
Drill program completed (2,700 metres) – visual results encouraging.

Next quarter