Probe Gold (TSX: PRB | OTCQB: PROBF) has provided the first set of results from the 2023 Monique deposit drill programme on its 100%-owned Novador property located near Val-d’Or. The results are from 37 drill holes, totalling 10,772m, and have returned significant gold intercepts from surface to 425m vertical depth at Monique in Quebec, Canada.
The 2023 winter drill programme was focused on increasing the resource inside and just under the conceptual pit shell. New results continue to show growth at the Monique deposit and strong expansion potential in all directions.
“Earlier this year, Monique exceeded our expectations by adding >1Moz of Au to our inventory, growing to a total of 2.4Moz. With these results from the 2023 Monique expansion programme the potential for ongoing growth from this deposit are once again being highlighted and suggest further upside to future mining operations,” Probe president and CEO David Palmer said.
“An updated PEA is currently in-progress for the Novador project, which will offer a more comprehensive representation of the project’s expansion and progress towards a larger production scale.”
All 37 holes drilled to identify or confirm in-pit mineralization returned gold intercepts over 0.42g/t Au, which is above the cut-off grade used in the 2023 pit-constrained resource estimate. 25 holes returned gold intercepts with grade times thickness above 10.0g/t Au.
Top results from the programme included:
- 3.8g/t Au over 24.4m (including 9.1g/t Au over 8.9m)
- 2.1g/t Au over 34.3m
- 3.3g/t Au over 20.5m (including 58.6g/t over 1.0m)
Near-surface expansion and infill drilling in the northwest area of the conceptual pit intersected gold zones grading up to 1.0g/t Au over 62.5m (including 4.3g/t over 9.0m), 1.6g/t Au over 19.2m, and 1.1g/t over 25.5m.
More than 50,000m of drilling, out of the planned 68,000m for the programme have been completed. Two drills are active now with more drilling planned for September.
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