Probe Gold Inc T.PRB

Q3 Highlights and next steps

[JuniorMiner2014]

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 [e-mail] 647.227.4490

 

[Sudburysid]

Simply outstanding. If this doesn't pay off handsomely I will never invest in another junior mining company ever again.  I was invested in Noront and although I did ok I believe a lot of us expected more for the time and commitment invested let alone the money. I do believe that we have a much stronger leader leading us to a handsome rewards.  GLTA