Probe Gold Inc. provided new results from its 2023 drilling program completed on the La Peltrie Project. The drilling campaign, consisting of 2,683 meters in 8 holes and one extension hole, was a follow-up program to Probe?s 2022 drilling, which discovered base metal mineralization on the La Peltrie Option property. The 2022 discovery hole, LAP-22-12, graded 0.13% Cu over 345.5 metres.

The 2023 follow-up drilling campaign was successful in demonstrating both continuity of the Cu-Au-Ag-Mo system and the presence of higher-grade mineralization. The 2023 drill program on the La Peltrie Option property tested the continuity of the Cu-Au-Ag-Mo mineralization along strike of the 2022 discovery in LAP-22-012. The drilling program was completed in September 2023 and consisted of eight drill holes totalling 2,683 metres, including five drill holes totalling 1,713.0 metres in the immediate vicinity of the Cu-Au-Mo-Ag discovery and three holes testing new targets.

During the program the original discovery hole, LAP-22-12, which ended still in mineralization, was also deepened by 168.0 metres and extended the zone to 513.5 metres of 0.13% Cu (core length). Drill hole LAP-23-18, drilled to the north approximately 150 metres east of drill hole LAP-22-12, intersected a wide Cu-Au-Mo-Ag mineralized interval grading 0.11% Cu over 363.0 metres, including a high-grade zone with grades of 1.17% Cu over 9.5 metres. Drill hole LAP-23-19, drilled to the north approximately 250 meters north of hole LAP-23-12, returned an interval grading 0.17% Cu over 15.2 meters, and another grading 0.09% Cu over 17.0 meters.

Drill hole LAP-23-20, drilled to the south approximately 350 metres northeast of drill hole LAP-23-18, yielded a wide interval grading 0.09% Cu over 400.2 metres, including an interval grading 0.50% Cu over 13.2 metres. Drill hole LAP-23-21, drilled to the south approximately 250 meters northeast of hole LAP-23-18, returned an interval grading 0.16% Cu over 22 meters, and another grading 0.12% Cu over 66 meters. A preliminary interpretation of results received to date suggests that combined Cu-Au-Mo-Ag grades tend to increase from east to west.

This indicates a potential vector of enrichment west of drill hole LAP-22-12_EXT, in an area that has not been tested. Base metal mineralization is associated with a massive to pillowed, fine-grained basalt unit. The basalt is carbonatized and pillow selvages have strong chlorite and epidote alteration.

The volcanic unit is crosscut by cm-scale quartz veins with blocky potassium feldspar within the veins and strong potassic epidote alteration halos. Local hydrothermal breccia zones have strong albite and silica altered angular clasts in a quartz/carbonate matrix. Quartz veining and brecciated zones host up to 25% sulphides as veinlets and blebby intergrowths of chalcopyrite and pyrrhotite.

Based on these results, the Company is currently preparing an exploration program in order to resume follow-up drilling on this new discovery. The discovery-stage Project covers an area of 777 square kilometres along the Detour Gold Trend, and includes the La Peltrie property option, the Gaudet-Fenelon JV property, the wholly owned Detour Quebec Main and North properties. The property is located 190 kilometres north of Rouyn-Noranda and 40 kilometres northwest of the town of Matagami, Quebec, and hosts the Sunday Lake, Massicotte and Lower Detour Lake gold deformation zones.

Both the La Petrie option and Gaudet-Fenelon JV properties are in partnership with Midland Exploration Inc. The Project is located along the lateral extensions of Canada?s second largest gold mine at Detour Lake, operated by Agnico Eagle Mines Ltd., and proximal to recent high-grade gold discoveries in Zone 58N (Agnico), Fenelon/Tabasco (Wallbridge), Area 51 (Wallbridge) and Martiniere/Bug Lake (Wallbridge).