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 > Q3 Highlights and next steps

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Post by JuniorMiner2014on Oct 03, 2024 8:25pm

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Post# 36252593

Q3 Highlights and next steps

Good morning,

I’m pleased to share that our Q3 2024 quarterly update is now available. Please find the presentation via the link below, which highlights our key achievements for the quarter and provides an outlook for the upcoming period.

View Quarterly Report

Key Highlights:

Major Milestone Achieved: Doubling of Total Gold Resources to 10 Moz.

Q3 2024 Update
Exploration: Q3 Achievements

Val-d’Or Mineral Resource Estimate (Total, including total satellite deposits)

Significant growth across all Val-d’Or deposits, now totaling 6.73 Moz (M&I)and 3.28 Moz Inferred.

Novador Mineral Resource Estimate (Total, for current development project)

Novador’s resources have increased by 60%, reaching 6.41 Moz (M&I)and 1.55 Moz Inferred, compared to the 2023 update.

Monique and Pascalis deposits contribute to 86% of Novador’s pit-constrained resource estimate.

Drill Results (included in the new MRE)

Monique: High-grade intersections, including14.9 g/t Au over 6.8m (cut), 9.9 g/t Au over 12.0m, and 2.7 g/t Au over 23.7m.

Beaufor: Multiple intercepts, including 20.2 g/t Au over 3.9m, 4.1 g/t Au over 17.4m (cut), 4.6 g/t Au over 26.7m, and14.5 g/t Au over 4.2m (cut).

Next Quarter Plans

Completion and filing of updated resource estimate technical reports for Novador, McKenzie Break, and Croinor.

Release of new drill results from the Novador Courvan area.

Commencement of exploration planning forMcKenzie Break and Beaufor.

Finalization and release of Phase 1 results from regional exploration programs on Val-d’Orand Detour.

Development: Q3 Achievements
Permitting

Submitted a "Project Notice" to the Quebec government to begin the provincial permitting process.

Received final EIS guidelines from both Federal and Provincial bodies.

Next Quarter Plans

Launch of a 50,000-meter infill drill program.

Completion of the 2024 geochemical programand Year 2 of 3 baseline environmental studies.

Continuation of geotechnical andhydrogeologicalfieldwork.

Detour Project: Exploration Progress

Focus on high-grade targets adjacent to Agnico-Eagle’s Detour Project.

Regional soil program completed, results pending.

Next Steps

Follow-up geophysical surveys and drill planning based on soil results.

Preparations for the winter drilling campaign.

Financial Position
Probe remains well-funded with $30M in cash and no debt, providing a strong treasury for continued exploration and development through 2024/25.

Please feel free to reach out with any questions or feedback.

Thanks,
Seema

Seema Sindwani, MBA, CFA
VP, Investor Relations
info@probegold.com
647.227.4490