Significant Intercepts From Deposits At Novador Property
TORONTO - Probe Gold Inc. reported on the 2024 Courvan Gold Trend drill program on its 100%-owned Novador property located near Val-d’Or, Quebec. Results from thirty (30) drill holes, totaling 7,635 metres, have returned significant, near-surface, gold intercepts from surface to 150 metres vertical depth at the Bussiere and Southeast deposits. The 2024 summer-fall drill program at Courvan targeted both resource expansion and condemnation drilling. The condemnation drilling program, which was focussed east of the former Bussiere mine, revealed unexpected and significant gold-rich intercepts. In advance of follow-up drilling on the new discovery, the Company will re-evaluate the Courvan 3D model to refine its regional exploration model for the area.
David Palmer, President and CEO, said, “The results from Courvan once again highlight the substantial exploration potential that remains within the Novador project. The recent discovery of thick, high-grade gold mineralization just 150 metres from our development areas suggests strong potential for further exploration breakthroughs as we advance our work on new targets around Novador. Our condemnation program, designed to evaluate areas for future development infrastructure, is also uncovering new mineralized zones, further underscoring Novador's capacity for remarkable growth. The Val-d’Or East area has proven to be one of Canada’s most fertile gold exploration belts, and we look forward to continued success. To accelerate our timeline toward production, we have initiated a 50,000-meter drill program aimed at completing resource conversion, which will set the stage for our Pre-Feasibility Study anticipated in early 2026. Additionally, we are expanding our team to ensure we fulfill our strategy of concurrently advancing permitting, the pre-feasibility study, resource growth and new discoveries, at Novador and the new satellite properties. We anticipate that 2025 will be a highly productive and successful year.
These latest drilling results continue to improve our 3D model of Courvan. The mineralization is characterized by a series of shallow-dipping East-West gold-bearing veins situated next to shear zones that cut the Bourlamaque granodiorite batholith. The gold veins encountered are primarily composed of sulphide-bearing quartz-carbonate-tourmaline, and gold is typically associated with centimeter-scale pyrite masses within the veins, as well as zones containing 1% to 5% finely disseminated pyrite in the host rocks. Gold mineralization intersected in the volcanics is associated with a shear zone and sulphide-bearing quartz-carbonate-tourmaline veins. The Bussiere and Southeast deposits remain open laterally and at depth.”