Probe Gold Inc. provided the final set of results from the 2023 Courvan Gold Trend drill program on its 100%-owned Novador property located near Val-d?Or, Quebec. Results from 47 drill holes, totaling 12,200 metres, have returned significant gold intercepts from surface to 150 metres vertical depth at the Bussiere and Creek deposits. The 2023 fall drill program at Courvan focused on both resource expansion and exploration drilling.

Exploration drilling east of the former Bussiere mine returned impressive intervals in a new discovery, with an initial intercept of 1.1 g/t Au over 29.0 metres with follow-up resource expansion drilling returning higher-grade intercepts of up to 6.2 g/t Au over 13.0 metres (cut) and 4.1 g/t Au over 6.0 metres. Winter resource expansion drilling at the Novador trends, Courvan and Monique, is progressing well, including follow-up drilling on the new Bussiere East discovery area. Assay results from the winter program will be released when available.

Based on the success of the 2023 exploration program, the Company will continue regional exploration in 2024, with at least 6 new areas slated for evaluation and drilling. Forty of the forty-seven holes (10 exploration drill holes and 37 resource expansion drill holes) drilled to identify or expand near-surface mineralization returned gold intercepts over 0.4 g/t Au, which is above the cut-off grade used in the 2023 pit-constrained resource estimate. 17 holes returned gold intercepts with gold grade times thickness (g/t x m) above 10.

Exploration and expansion drilling near the Bussiere and Creek deposits identified significant new parallel gold zones in the Bourlamaque intrusive and gold zones of interest in the volcanics to the East, the latter being a first-hole discovery. The Bussiere deposit remains open laterally and has been drilled only to shallow depths. Previous drilling under 350 metres deep at the Creek deposit yielded positive results and indicates good expansion and exploration potential laterally and at depth.

The latest drilling results continue to improve 3D model of Courvan. The mineralization is characterized by a series of shallow-dipping East-West gold-bearing veins situated next to shear zones that cut the Bourlamaque granodiorite batholith. The gold veins encountered are primarily composed of sulphide-bearing quartz-carbonate-tourmaline, and gold is typically associated with centimeter-scale pyrite masses within the veins, as well as zones containing 1% to 5% finely disseminated pyrite in the host rocks.

Gold mineralization intersected in the volcanics is associated with a shear zone and sulphide-bearing quartz-carbonate-tourmaline veins. Since 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 685 square kilometres 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 kilometres hosting three past producing mines (Beliveau Mine, Bussiere 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.