Probe Gold Reports Encouraging Results from Monique Drill Program

Probe Gold Inc. has announced the second set of results from its 2023 Monique drill program on the Novador property in Val-d’Or, Quebec. The company has reported significant gold intercepts from surface to a depth of 400 meters at the Monique gold zones. The drill program aimed to expand the resource within and beneath the current mineral resource estimate’s conceptual pit shell.

The latest results from the drill program demonstrate the growth and strong continuity of gold mineralization at the Monique deposit. All forty drill holes returned gold intercepts above the cut-off grade used in the current pit-constrained resource estimate. Additionally, twenty-seven holes returned gold intercepts with a grade times thickness above 10.0 g/t Au.

David Palmer, President and CEO of Probe Gold, expressed his excitement about the results, highlighting the tremendous upside for continued growth at the deposit. The company plans to ramp up its expansion drilling program in anticipation of an Updated Resource in the second half of 2024. Furthermore, an Updated PEA is expected in the first quarter of 2024, which will add considerable value to the project.

Probe Gold’s Novador project is situated in the Val-d’Or East area, known for its highly prospective gold properties. The project covers a district-scale land package of 600 square kilometers and includes three past producing mines. The Val-d’Or mining camp is a politically stable and low-cost mining environment, hosting numerous active producers and mills.

With a well-funded and dedicated approach to exploration and development, Probe Gold is focused on unlocking the potential of its high-quality gold projects. The company’s flagship asset, the Novador Gold Project, holds significant promise, with a large land package in prolific gold belts in Quebec.

As Probe Gold continues to advance its strategic assets, including Detour, Croinor, and Casa Berardi-trend properties, the company aims to deliver value to its shareholders. The productive year for Probe Gold projects is expected to continue with momentum throughout the remainder of this year and into the next.

For more information about Probe Gold and its projects, please visit their website at www.probegold.com.