Highlights: New, near-surface intercepts at Courvan, grading up 1.1 g/t Au over 133.0 metres; 3.2 g/t Au over 19.0 metres; and 0.8 g/t Au over 54.0 metres. Near-surface, infill drilling at Courvan intersected gold zones grading up 1.7 g/t Au over 17.0 metres; and 0.8 g/t Au over 37.5m. 10,000 metres exploration drill program is commencing next [...]
Highlights: Probe Gold has submitted the Detailed Project Description for the Novador project to the Impact Assessment Agency of Canada , marking a significant advancement in the federal environmental permitting process. This submission follows the Initial Project Description sent to the IAAC in October 2023. TORONTO, May 15, 2024 -- [...]
Highlights: New multiple high-grade gold intercepts in both expansion and infill drilling. Expansion drilling within and around the Monique conceptual pit intersected significant intervals of mineralization grading up to 4.3 g/t Au over 16.0 metres; 4.2 g/t Au over 14.7 metres and 1.8 g/t Au over 34.0 metres. Infill drilling continues to confirm [...]
Highlights: The acquisition of the Beaufor and McKenzie Break properties continues the Company's strategic consolidation of gold resources and exploration potential surrounding its Novador development project, which hosts a current resource of 3,793,900 ounces M&I and 1,179,400 ounces Inferred along the Monique, Pascalis, and Courvan gold trend [...]
Probe Gold Inc. is very pleased to announce the appointment of Shannon McCrae to its board of directors, effective immediately. Ms. Shannon McCrae is a seasoned professional geologist and executive with more than 25 years of experience in the resource industry. Her expertise spans from early-stage exploration to mine sites across multiple [...]
Probe Gold Inc. is pleased to announce the filing of the independent Preliminary Economic Assessment technical report which has been prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects, on its 100% owned Novador Project, located in Val-d'Or, Québec. The Novador PEA supports a robust mining plan that [...]
Highlights: New, near-surface, Gold Zone discovered 400 metres East of the Bussiere Mine Zone; significant new gold intersections grading up to 6.2 g/t Au over 13.0 metres , including 68 g/t Au over 1.0 metre; 4.1 g/t Au over 6.0 metres; and 1.1 g/t Au over 29.0 metres. Near-surface expansion drilling on the Creek Deposit intersected parallel gold [...]
Highlights: The Beaufor Property is within the Company's Novador property boundaries and currently hosts a high-grade, measured and indicated gold resource of 219,200 ounces of gold at 5.3 g/t and inferred mineral resource of 122,500 ounces of gold at 4.7 g/t. Upon closing of the transaction, Probe will own all of the Courvan Gold Trend, which [...]
Highlights: Robust economics: pre-tax net present value of C$1.53 billion, post-tax NPV of C$910 million, pre-tax internal rate of return of 34.4%, post-tax IRR of 24.4% at US$1,750 per ounce. At the current gold price of approximately US$2,000 per ounce, pre-tax NPV5% increases to $2.29 billion and pre-tax IRR increases to 47.8%. 12.6-year mine [...]
Highlights: Expansion of the mineralized zone intersected in 2022 discovery hole LAP-22-12 with a new total interval of 0.13% Cu over 513.5 metres. Highest grade intervals intersected to date within the mineralized envelope, grading up to 1.17% Cu over 9.5 metres and 0.50% Cu over 13.2 metres. Results to date continue to indicate the potential for [...]
Probe Gold Inc. is pleased to announce that it has closed its previously announced bought deal private placement ), for aggregate gross proceeds of approximately C$10 million . The Offering was comprised of 4,545,400 Canadian Exploration Expense flow-through common shares of the Company, at a price of C$2.20 per Flow-Through Common Share. David [...]
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 ; 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 [...]