Probe Gold Inc

OTCQB:PROBFUnited StatesView on Canadian Exchange

Oct 21, 2024

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• Probe Gold Files NI 43-101 Technical Reports for Novador Project, McKenzie Break Property and Croinor Gold Property, from 7:30AM ET on Monday Oct 21, 2024 by Dow Jones

  7:30AM ET on Monday Oct 21, 2024 by Dow Jones
  Companies Mentioned: PRB
  
  Probe Gold Files NI 43-101 Technical Reports for Novador Project, McKenzie Break Property and Croinor Gold Property
  
  Highlights
  -- Val-d'Or East Properties: Total gold resources of 6,728,600 ounces Measured and Indicated (M&I) and 3,277,100 ounces Inferred; nearly double the 2023 update, with a 77% increase in M&I and a 131% increase in Inferred resources. -- Novador Project: Total resources currently amount to 6,405,000 ounces M&I and 1,550,200 ounces Inferred across the Monique, Pascalis, Courvan, and Beaufor deposits, reflecting a 60% increase from the previous year. -- Resource Conversion: Significant M&I conversion in Monique, Pascalis, and Courvan trends, with a 69% increase in M&I ounces. -- Other Val-d'Or East Properties: Gold resources of 323,600 ounces M&I and 1,727,000 ounces Inferred, including McKenzie Break, Croinor, Lapaska, and Sleepy deposits. -- Open Pit Potential: Over 82% of gold is within open pit-constrained resources, indicating strong near-surface growth potential. -- Dominant Trends: Monique and Pascalis deposits account for 86% of the Novador pit-constrained Mineral Resource Estimate. -- Ongoing Development: A 50,000-metre infill drill program is currently underway. -- Permitting Progress: Permitting is advancing well, with Federal guidelines for Phase II and a detailed project description submitted to Quebec.