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 gold zones inside and just under the conceptual pit, yielding up to 23.1 g/t Au over 3.1 metres; 8.3 g/t Au over 4.0 metres; and 1.5 g/t Au over 20.0 metres.
- Successfully completed 28,000 metres of winter drilling at Novador in Q1 2024.
- A 10,000-metre exploration drill program will begin in May at Novador.
All twenty-eight (28) expansion and infill holes returned gold intercepts over 0.42 g/t Au, which is above the cut-off grade used in the current pit-constrained resource estimate. Eighteen (18) of these holes returned gold intercepts with a grade times thickness above 10.0 g/t-m Au. The Monique Gold Trend zones remain open along strike and at depth.
Gold mineralization intersected is mainly associated with deformation zones that cross the deposit at an orientation of 280° - 300° and a 75°- 80° dip to the north. This gold mineralization is defined by a network of quartz/carbonate/albite/±tourmaline veins and veinlets, along with disseminated pyrite in the altered wall rocks.
Selected drill results from hole MO-651 to 678 at the Monique deposit drilling program are, as follows:
Hole Number | From (m) | To (m) | Length (m) | Gold (g/t) | Zone |
MO-651 | 216.8 | 228.7 | 11.9 | 2.1 | I / Expansion |
MO-654 | 376.0 | 378.0 | 2.0 | 10.4 | A / Expansion |
MO-654 | 427.0 | 433.0 | 6.0 | 2.0 | New/ Expansion |
MO-659 | 54.5 | 58.0 | 3.5 | 3.4 | J / Expansion |
MO-663 | 265.5 | 280.2 | 14.7 | 4.2 | E / Expansion |
including | 265.5 | 267.0 | 1.5 | 36.4 | E / Expansion |
MO-665 | 270.5 | 284.0 | 13.5 | 1.1 | A / Expansion |
MO-666 | 262.0 | 296.0 | 34.0 | 1.8 | A/ Expansion |
MO-667 | 480.2 | 492.6 | 12.4 | 1.0 | B / Expansion |
MO-667 | 524.3 | 527.4 | 3.1 | 23.1 | I / Infill |
including | 524.3 | 525.4 | 1.1 | 62.2 | I / Infill |
MO-667 | 599.0 | 612.5 | 13.5 | 1.3 | M / Expansion |
MO668 | 261.0 | 267.0 | 6.0 | 3.1 | B / Expansion |
MO-669 | 183.0 | 202.0 | 19.0 | 1.2 | E / Expansion |
MO-669 | 259.9 | 287.5 | 27.6 | 1.0 | A / Expansion |
MO-670 | 353.0 | 368.0 | 15.0 | 1.5 | M North/ Exp. |
MO-671 | 163.0 | 181.0 | 18.0 | 0.9 | New/ Expansion |
MO-671 | 247.0 | 263.0 | 16.0 | 1.0 | I/ Expansion |
MO-671 | 275.0 | 290.0 | 15.0 | 0.8 | I-FW/ Expansion |
MO-672 | 524.1 | 530.1 | 6.0 | 2.0 | B1 / Expansion |
MO-672 | 604.7 | 632.0 | 27.3 | 1.3 | M / Expansion |
MO-673 | 226.0 | 242.0 | 16.0 | 4.3 | B / Expansion |
Including | 233.5 | 234.5 | 1.0 | 62.9 | B / Expansion |
MO-673 | 359.0 | 398.0 | 39.0 | 1.1 | M North / Exp. |
MO-674 | 294.3 | 309.0 | 14.7 | 1.7 | A / Infill |
MO-674 | 450.0 | 465.5 | 15.5 | 0.8 | B / Expansion |
MO-674 | 541.0 | 551.5 | 10.5 | 1.9 | M / Expansion |
MO-675 | 506.0 | 526.0 | 20.0 | 1.5 | B / Infill |
MO-676 | 353.0 | 357.0 | 4.0 | 8.3 | A / Infill |
including | 353.7 | 354.3 | 0.6 | 45.6 | A / Infill |
MO-677 | 332.0 | 339.7 | 7.7 | 1.2 | A / Expansion |
MO-678 | 295.6 | 302.0 | 6.4 | 1.5 | A / Expansion |
All the new analytical results reported in this release and in this table, are presented in core length and cut to 100 g/t Au when needed. True width is estimated between 65 to 95 % of core length. Only grade times thickness above 10.0 g/t Au * m is reported.
Figure 1: Surface Map – Monique deposit new drilling results (holes MO-651 to 678)
About Probe’s
Since 2016, Probe Gold has been consolidating its land position in the highly prospective Val-d’Or East area in the province of
Val-d’Or properties include gold resources totaling 3,793,900 ounces in the Measured and Indicated category and 1,418,700 ounces in the Inferred category along all trends and deposits (news release dated
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.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3c0e0115-39cf-4641-a767-9a7908a5e650
Figure 1
Surface Map - Monique Deposit Drilling Results
2024 GlobeNewswire, Inc., source