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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Post by JuniorMiner2014on Nov 21, 2023 11:46am

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Post# 35746563

Note From Seema

More good news, hopefully the tax loss selling is done and we will see a meaningful increase in the share price over the next few months. We have added to our position on weakness. Best, JM

Good morning,

We reported the third set of results from 25 new holes from the 2023 drill program on the Monique deposit today (see attached NR).

View map

The 2023 drill program at Monique focused on increasing the resource inside and just under the conceptual pit shell.

Here are the main highlights:

Multiple high-grade gold intercepts found within and around the Monique conceptual pit.
Infill drilling continues to intersect thick gold zones inside the conceptual pit, yielding up to 6.4 g/t Au over 18.3 metres (11.8 g/t Au over 18.3 metres uncut, including 223 g/t Au over 0.8 metre); 3.3 g/t Au over 27.9 metres; and 1.9 g/t Au over 47.9 metres.
Exploration and expansion drilling around and inside the Monique conceptual pit intersected new significant mineralization grading up to 16.6 g/t Au over 2.0 metres; 1.6 g/t Au over 19.5 metres; and 2.7 g/t Au over 11.8 metres.
Over 70,000 meters of drilling have been completed at Novador in 2023. Drilling for this year is finished at Monique, and two drills are now active at Courvan.
Planning a 30,000 meters expansion drill program for Q1 2024 at Novador.

Surface Map

Bottom line:
Our 2023 Monique expansion program results highlight two key aspects: 1) the substantial potential for ongoing expansion, and 2) the enhancement of the development project as we generate additional ounces within the existing conceptual pit shell.
Two pivotal milestones for 2024 include an updated PEA (Q1 2024) and an updated resource (H2 2024). These milestones aim to significantly elevate the value of our project by showcasing both current production growth in the new PEA and future production expansion in the Updated Resource.
Beyond Novador, we are actively advancing several other strategic assets to unlock value for our shareholders, including Detour, Croinor, and our Casa Berardi-trend properties, where work programs are in progress or have recently been completed, with pending results.

Upcoming milestones:

Novador: Additional drilling results from the 2023 program.
Updated PEA: An updated PEA is currently in progress for the Novador project, which will offer a more comprehensive representation of the project’s expansion and progress towards a larger production scale (Expected Q1/2024).
Croinor project: A 4,000-meter drilling program on the Croinor project underway to evaluate potential resource growth on this property.
Detour drilling results: Drill results from the 7,500-meter drilling program.