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 (11.8 g/t Au over 18.3 metres uncut, including 223 g/t Au over 0.8 metre); 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 Monique conceptual pit intersected new significant mineralization grading up to 16.6 g/t Au over 2.0 metres; 1.6 g/t Au over 19.5 metres; and 2.7 g/t Au over 11.8 metres.
- Over 70,000 metres of drilling have been completed at Novador in 2023. Drilling for this year is finished at Monique, and two drills are now active at Courvan.
- Planning a 30,000 metres expansion drill program for Q1 2024 at Novador.
Twenty (20) expansion and infill holes drilled to identify or confirm in-pit mineralization returned gold intercepts over 0.42 g/t Au, which is above the cut-off grade used in the current pit-constrained resource estimate. Seventeen (17) of these holes returned gold intercepts with a grade times thickness above 10.0 g/t Au. Five (5) exploration holes drilled south of the conceptual pit intersected interesting parallel structures in which two (2) holes returned low grade gold value.
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 the 2023 Monique deposit drilling program are, as follows:
Hole Number | From (m) | To (m) | Length (m) | Gold (g/t) | Zone |
MO-23-626 | 144.0 | 159.2 | 15.2 | 0.8 | New/Expan |
MO-23-626 | 211.5 | 212.3 | 0.8 | 44.8 | New/Expan |
MO-23-626 (cut) | 373.0 | 391.3 | 18.3 | 6.4 | B/Infill |
MO-23-626 (uncut) | 373.0 | 391.3 | 18.3 | 11.8 | B/Infill |
Including | 375.5 | 376.3 | 0.8 | 223.0 | B/Infill |
MO-23-626 | 537.0 | 539.0 | 2.0 | 16.6 | M/Expan |
MO-23-627 | 347.0 | 353.0 | 6.0 | 4.9 | B/Infill |
MO-23-628 | 159.0 | 192.0 | 33.0 | 1.3 | B/Infill |
MO-23-628 | 353.0 | 368.9 | 15.9 | 2.0 | M/Expan |
Including | 360.0 | 361.0 | 1.0 | 23.4 | M/Expan |
MO-23-629 | 70.0 | 102.0 | 32.0 | 0.7 | New/Expan |
MO-23-630 | 152.0 | 154.0 | 2.0 | 9.8 | A/Infill |
MO-23-630 | 223.0 | 270.9 | 47.9 | 1.9 | B/Infill |
MO-23-631 | 136.0 | 153.0 | 17.0 | 0.6 | New/Expan |
MO-23-632 | 250.8 | 255.4 | 4.6 | 2.5 | A/Infill |
MO-23-632 | 263.0 | 273.8 | 10.8 | 1.6 | B/Infill |
MO-23-632 | 308.2 | 324.1 | 15.9 | 2.0 | I/Infill |
MO-23-632 | 447.0 | 457.5 | 10.5 | 2.0 | M/Expan |
MO-23-633 | 143.0 | 154.0 | 11.0 | 1.2 | New/Expan |
MO-23-635 | 238.0 | 250.0 | 12.0 | 2.9 | B/Infill |
MO-23-635 | 348.0 | 349.5 | 1.5 | 9.5 | New/Expan |
MO-23-635 | 365.0 | 372.0 | 7.0 | 2.4 | M North/Ex |
MO-23-635 | 393.1 | 421.0 | 27.9 | 3.3 | M/Infill |
Including | 401.1 | 407.1 | 6.0 | 6.2 | M/Infill |
MO-23-637 | 122.0 | 141.5 | 19.5 | 1.6 | New/Expan |
MO-23-639 | 59.0 | 60.5 | 1.5 | 18.9 | New/Expan |
MO-23-645 | 239.5 | 252.0 | 12.5 | 4.7 | A/Infill |
Including | 240.5 | 241.5 | 1.0 | 51.1 | A/Infill |
MO-23-645 | 371.0 | 388.0 | 17.0 | 4.8 | I/Infill |
Including | 382.1 | 383.1 | 1.0 | 49.3 | I/Infill |
Including | 386.1 | 387.0 | 0.9 | 25.7 | I/Infill |
MO-23-645 | 484.0 | 491.7 | 7.7 | 1.9 | M/Expan |
Including | 484.9 | 485.8 | 0.9 | 11.9 | M/Expan |
MO-23-646 | 242.0 | 243.0 | 1.0 | 32.7 | New/Expan |
MO-23-646 | 326.0 | 327.5 | 1.5 | 8.8 | A/Infill |
MO-23-647 | 25.5 | 27.0 | 1.5 | 6.2 | A/Expan |
MO-23-647 | 397.4 | 415.8 | 18.4 | 3.4 | B//Infill |
including | 414.8 | 415.8 | 1.0 | 49.7 | B/Infill |
MO-23-647 | 467.0 | 470.5 | 3.5 | 3.3 | I/Expan |
MO-23-647 | 547.5 | 564.0 | 16.5 | 1.8 | M/Expan |
including | 561.0 | 564.0 | 3.0 | 6.4 | M/Expan |
MO-23-648 | 83.0 | 103.0 | 20.0 | 1.5 | J/Expan |
MO-23-649 | 319.0 | 338.5 | 19.5 | 1.6 | B/Infill |
including | 324.0 | 325.0 | 1.0 | 23.6 | B/Infill |
MO-23-650 | 249.9 | 257.0 | 7.1 | 1.6 | A/Expan |
MO-23-650 | 618.3 | 626.3 | 8.0 | 3.2 | B/Expan |
MO-23-650 | 724.8 | 736.6 | 11.8 | 2.7 | M/Expan |
including | 726.8 | 728.8 | 2.0 | 8.8 | M/Expan |
(1) | 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-626 to 650)
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.
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
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Please visit our website at www.probegold.com or contact:
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Figure 1
Surface Map – Monique deposit new drilling results (holes MO-626 to 650)
2023 GlobeNewswire, Inc., source