Probe Gold Inc. (TSX: PRB | OTCQB: PROBF) has provided the final set of results from its 2022 Courvan Gold Trend resource drill programme at the company’s 100%-owned Novador property located near Val-d’Or, Quebec. These assays lengthen the strike, likely increasing the resource, and making it an acquisition target.
“Once again, our drill results align with the remarkable success we have consistently achieved across the entire project, including Pascalis and Monique. We are seeing additional improvement in both grade and thickness and are achieving our objectives of resource improvement across all three deposits.” stated Probe CEO and president, David Palmer.
The Novador project, which used to be called Val-d’Or East, announced improved resource potential, following the tripling of the indicated gold resource at the Monique deposit in January, placing the project on a path to be acquired by an established mine builder in the region.
Standout assays include expansion drill hole ‘CO-22-324’ which lies north of the former Bussiere mine, which cut 17.9m grading 9.2g/t gold from 63.1m downhole. It’s one of 67 assays issued, totaling 19,400m, all reporting intercepts above a cut-off level of 0.4g/t gold.
The results have reportedly yielded the thickest, highest-grade intervals to-date from the Courvan Trend.
An updated mineral resource estimate (MRE) is currently being calculated and will incorporate the newly released results.
“With these final results, our primary focus now is to complete the resource updates for both Pascalis and Courvan, which is expected to be ready next month, and use these as the basis for an updated economic study. With the exceptional drill results that have been coming in from the 2022 programme, we will evaluate potential increases in annual production, and will be working towards this for the remainder of the year.” Added David.
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