Probe Gold Inc. (TSX: PRB)
(OTCQB: PROBF)
(“Probe” or the
“
Company”) is pleased to announce that following
the release of an updated Mineral Resource Update
(“
MRE”) on July 19th, 2023, the Company has filed
a National instrument 43-101 Technical Report for Novador Project
(the “
Report”) entitled, “NI 43-101 Technical
Report and Updated Mineral Resource Estimate for the Novador
Project, Quebec”, prepared by InnovExplo Inc, dated September 1st,
2023, with an effective date of July 13, 2023. The report is
available for review on both SEDAR (www.sedar.com) and the
Company’s website (www.probegold.com).
The Report was prepared by Marina Iund, P.Geo.,
M.Sc., Senior Resources Geologist, Vincent Nadeau-Benoit, P.Geo,
Martin Perron, P.Eng., Simon Boudreau, P.Eng., Senior Mine Engineer
and Elisabeth Tremblay P.Geo., M.Sc.A., Senior Geologist from
InnovExplo Inc, each of which is considered a “Qualified
Person” as defined in NI 43-101. The Report supports
the scientific and technical disclosure in the updated mineral
resources contained in the Company's press release dated July 19,
2023. The scientific and technical content of this press release
has been reviewed, prepared, and approved by Mr. Marco Gagnon, P.
Geo, Executive Vice President of Probe, who is a “Qualified
Person” under NI 43-101.
Probe's news release dated July 19, 2023 (titled
"Probe Gold Increases Val-D’Or Mineral Resources To 3,793,900
Ounces Of Gold Measured & Indicated And 1,418,700 Ounces
Inferred, Doubles Amount Of Measured And Indicated Mineral
Resources") summarized the resource estimate in detail.
About Probe’s Novador
ProjectSince 2016, Probe Gold has been consolidating its
land position in the highly prospective Val-d’Or East area in the
province of Quebec with a district-scale land package of 600 square
kilometers that represents one of the largest land holdings in the
Val-d’Or mining camp. The Novador project is a sub-set of
properties totaling 175 square kilometers hosting three past
producing mines (Beliveau Mine, Bussière Mine and Monique Mine) and
falls along three regional mine trends. Novador is situated
in a politically stable and low-cost mining environment that hosts
numerous active producers and mills.
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.
About Probe Gold:Probe Gold
Inc. is a leading Canadian gold exploration company focused on the
acquisition, exploration, and development of highly prospective
gold properties. The Company is well-funded and dedicated to the
exploration and development of high-quality gold projects, notably
its 100% owned flagship asset, the multimillion-ounce Novador Gold
Project in Québec. Probe controls a large land package of
approximately 1,600-square-kilometres of exploration ground within
some of the most prolific gold belts in Québec.
On behalf of Probe Gold Inc., Dr. David
Palmer, President & Chief Executive OfficerFor
further information:
Please visit our website at www.probegold.com or
contact:
Seema SindwaniVice-President of Investor
Relationsinfo@probegold.com+1.416.777.9467
Forward-Looking Statements
Neither TSX Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Exchange) accepts responsibility for the adequacy or accuracy of
this release. This News Release includes certain "forward-looking
statements" which are not comprised of historical facts.
Forward-looking statements include estimates and statements that
describe the Company’s future plans, objectives or goals, including
words to the effect that the Company or management expects a stated
condition or result to occur. Forward-looking statements may be
identified by such terms as “believes”, “anticipates”, “expects”,
“estimates”, “may”, “could”, “would”, “will”, or “plan”. Since
forward-looking statements are based on assumptions and address
future events and conditions, by their very nature they involve
inherent risks and uncertainties. Although these statements are
based on information currently available to the Company, the
Company provides no assurance that actual results will meet
management’s expectations. Risks, uncertainties, and other factors
involved with forward-looking information could cause actual
events, results, performance, prospects, and opportunities to
differ materially from those expressed or implied by such
forward-looking information. Forward looking information in this
news release includes, but is not limited to, the Company’s
objectives, goals or future plans, statements, exploration results,
potential mineralization, the estimation of mineral resources,
exploration and mine development plans, timing of the commencement
of operations and estimates of market conditions. Factors that
could cause actual results to differ materially from such
forward-looking information include, but are not limited to failure
to identify mineral resources, failure to convert estimated mineral
resources to reserves, the inability to complete a feasibility
study which recommends a production decision, the preliminary
nature of metallurgical test results, delays in obtaining or
failures to obtain required governmental, environmental or other
project approvals, political risks, inability to fulfill the duty
to accommodate First Nations and other indigenous peoples,
uncertainties relating to the availability and costs of financing
needed in the future, changes in equity markets, inflation, changes
in exchange rates, fluctuations in commodity prices, delays in the
development of projects, capital and operating costs varying
significantly from estimates and the other risks involved in the
mineral exploration and development industry, an inability to
predict and counteract the effects of COVID-19 on the business of
the Company, including but not limited to the effects of COVID-19
on the price of commodities, capital market conditions, restriction
on labour and international travel and supply chains, and those
risks set out in the Company’s public documents filed on SEDAR.
Although the Company believes that the assumptions and factors used
in preparing the forward-looking information in this news release
are reasonable, undue reliance should not be placed on such
information, which only applies as of the date of this news
release, and no assurance can be given that such events will occur
in the disclosed time frames or at all. The Company disclaims any
intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, other than as required by law.
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