Highlights:
- Initiated Phase I regional MMI geochemical surveys over the La Peltrie Cu-Au-Ag-Mo discovery and Detour West target areas to identify priority targets for high-grade gold and copper mineralization.
- Begin structural studies over the western part of the
Lower Detour Gold Zone and the La Peltrie Cu-Au-Ag-Mo discovery areas to help refine priority drill targets. - Planning Phase II drilling program for second half of year, pending results from Phase I exploration programs.
A team has been mobilized to begin the MMI soil sampling program on the La Peltrie option, in the immediate vicinity of the Cu-Au-Ag-Mo discovery that graded 0.13% Cu over 513.5 meters and 1.17% Cu over 9.5 meters (see press release by Probe dated
In addition, using the high-resolution aeromagnetic survey conducted in 2020 and all relevant geological data, structural analysis studies have been initiated over two target areas. The objective is to improve the structural and geological understanding of the Cu-Au-Ag-Mo mineralized zone and the Detour West area target zone, focusing on the geometry of the structural fabric, the generations and distribution of fault/shear zones, and folds.
Of particular interest, an IP survey covering 12 line kilometers was recently completed on the La Peltrie option property to the northeast. This survey identified five chargeability anomalies linked to moderately to strongly resistive bodies that require follow-up. These anomalies will be prioritized based on the new ongoing geological interpretation.
In the fall of 2023, Probe completed a fifteen (15) holes drill program totaling 4,900-metre at the Detour Quebec Main property (100% owned by Probe). Drilling was designed to test selected targets along the
Figure 1: Surface Map –
Figure 2: 2024 Summer Work –
Figure 3: 2024 Summer Work Areas – Detour Gold Trend Properties Aiborne Magnetic
About Probe’s
The discovery stage Project covers an area of 777 square kilometres along the Detour Gold Trend, including the La Peltrie property option, the Gaudet-Fenelon JV property, the wholly owned Detour Quebec Main and North properties, and is located 190 kilometres north of
Qualified Person
The scientific and technical content of this press release has been prepared, reviewed, and approved by Mr.
Quality Control
During the last drilling program, assay samples were taken from the NQ core by sawing the drill core in half, with one-half sent to a certified commercial laboratory and the other half retained for future reference. A strict QA/QC program was applied to all samples; which includes insertion of mineralized standards and blank samples for each batch of 20 samples. The gold analyses were completed by fire-assayed with an atomic absorption finish on 50 grams of materials. Repeats were carried out by fire-assay followed by gravimetric testing on each sample containing 3.0 g/t gold or more. Total gold analyses (Metallic Sieve) were carried out on the samples which presented a great variation of their gold contents or the presence of visible gold.
About Probe Gold:
Probe
On behalf of
Dr.
President & Chief Executive Officer
For further information:
Please visit our website at www.probegold.com or contact:
Vice-President of Investor Relations
info@probegold.com
+1.416.777.9467
Forward-Looking Statements
Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release. This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties, and other factors involved with forward-looking information could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/115b655a-8829-49cf-ad3a-c1196de53fbc
https://www.globenewswire.com/NewsRoom/AttachmentNg/575bf518-a852-4c68-a0d4-d0629e0767e7
https://www.globenewswire.com/NewsRoom/AttachmentNg/72cf4b32-5dac-49d5-bdef-5ed303343e30
![](https://ml.globenewswire.com/media/ZjBmOWYyNjItNzA3OC00NTkzLWJmZjUtMDQ5MTc3NzY5YjFjLTExMDI5OTA=/tiny/Probe-Gold-Inc-.png)
Figure 1 Detour Surface Map
![](https://ml.globenewswire.com/media/115b655a-8829-49cf-ad3a-c1196de53fbc/medium/figure-1-detour-surface-map.jpg)
Detour Surface Map
Figure 2 Detour Properties Geology
![](https://ml.globenewswire.com/media/575bf518-a852-4c68-a0d4-d0629e0767e7/medium/figure-2-detour-properties-geology.png)
Detour Properties Geology
Figure 3 Detour Properties Airbirne Magnetic
![](https://ml.globenewswire.com/media/72cf4b32-5dac-49d5-bdef-5ed303343e30/medium/figure-3-detour-properties-airbirne-magnetic.png)
Detour Airborne Magnetics
2024 GlobeNewswire, Inc., source