- Probe Gold Inc. (PRB) tripled its indicated gold resource in its updated resource estimate for the Monique Property in Quebec
- The new resource at Monique is about 2.03 million ounces of gold indicated and 357,200 ounces of gold inferred
- The average gold grade in the indicated resource increased to 1.42 grams of gold per tonne
- Monique gold resources have connected multiple mining areas into a single open pit
- The mineral resource remains open for future expansion with drilling underway
- Probe Gold Inc. (PRB) is down 1.12 per cent trading at $1.77 per share as of 12:39 p.m. EST
Probe Gold Inc. (PRB) tripled its indicated gold resource in its updated resource estimate for the Monique Property in Quebec.
The company stated its new resource at Monique is about 2.03 million ounces of gold within the indicated category and 357,200 ounces of gold within the inferred category.
David Palmer, President and CEO of Probe Gold, stated,
“In addition, we also saw an increase in grade of the pit-constrained resources, reflecting the better-than-expected drill results throughout the year.”
The average gold grade in the Monique pit-constrained indicated resource increased to 1.42 grams of gold per tonne, up from 1.38 grams of gold per tonne at the same cut-off grade.
The new Monique gold resources have connected multiple mining areas into a single open pit.
The property is a part of the Novador Project where the mineral resource remains open in all directions for future expansion. Drilling is ongoing as a part of a 50,000-metre drill program throughout the project.
“This, in addition to our large generative exploration drilling programs at Novador and Detour, we will continue to successfully advance our projects throughout 2023,” Palmer said.
Probe Gold Inc. (PRB) is down 1.12 per cent trading at $1.77 per share as of 12:39 p.m. EST.