Probe Gold Inc. , is pleased to announce that it has closed its previously announced upsized bought-deal private placement. The Offering was completed through a syndicate of underwriters led by Canaccord Genuity Corp., Beacon Securities Limited and Scotiabank and including BMO Capital Markets, CIBC World Markets and Desjardins Securities Inc. for aggregate gross proceeds of $45,275,000. The Offering consisted of 6,250,000 [...]
Probe Gold is pleased to announce that as a result of strong investor demand, the Company has amended its agreement with a syndicate of underwriters led by Canaccord Genuity, Beacon Securities and Scotiabank and including BMO Capital Markets, CIBC World Markets and Desjardins Securities, to increase the size of its previously announced "bought deal" private placement to aggregate gross proceeds of $45,275,000. The [...]
Probe Gold is pleased to announce it has entered into an agreement with Canaccord Genuity, Beacon Securities and Scotiabank on behalf of a syndicate of underwriters, pursuant to which the Underwriters have agreed to purchase, on a "bought deal" basis, 4,630,000 common shares of the Company that will qualify as "flow-through shares" of the Income Tax Act and section 359.1 of the Taxation Act at a price of $3.24 per [...]
Highlights: Courvan Trend infill drilling results intersected near-surface gold zones with significant grades up to 14.8 g/t Au over 4.0 metres , including 66.3 g/t Au over 1.0 metres and thick gold zones, including an intersection of 0.8 g/t Au over 33.3 metres. Courvan Trend infill drilling results intersected near-surface gold zones grading 4.5 g/t Au over 7.7 metres, including 28.5 g/t Au over 1.0 metres. Monique [...]
Geochemical studies conducted in 2023 and 2024 confirm earlier results that waste rock, and tailings pose a very low risk of acid generation and metal leaching, meeting regulatory standards. Kinetic field tests confirm non-acid-generating, non-leachable classification for the waste rock in the Monique sector of the Novador mining project. Kinetic tests for Pascalis and Courvan sectors will be completed in 2025-2026. This [...]
Highlights: Extensive Soil Sampling Program on the Company's 100%-owned Detour project has successfully identified strong gold and gold-copper trends. Anomalies are associated with extension of Agnico Eagle's high-grade, Zone 58 shear splay, 15 kilometres to the west Results to date continue to indicate the potential for highly prospective mineralized systems similar to Zone 58N-style mineralization Ground geophysical [...]
Highlights: Courvan Trend infill drilling results intersected near-surface gold zones with significant grades up to 3.8 g/t Au over 17.4 metres , including 444 g/t Au over 1.0 metres. Courvan Trend infill drilling results intersected near-surface gold zones grading 3.1 g/t Au over 18.5 metres , including 66.2 g/t Au over 1.0 metres. Monique Deposit , infill drilling yielded up to 3.1 g/t Au over 16.0 metres, including [...]
Highlights: As part of its permitting process, Probe Gold has formally established a Community Integration Committee for the Novador mining project. The Committee will serve as a vital consultative and collaborative platform, incorporating the insights and perspectives of diverse stakeholders into the impact assessment process. The CIC will play a pivotal role in guiding the project toward compliance with legal [...]
Highlights: The acquisition of the Stella Property reinforces the Company's strategy to consolidate highly prospective exploration land within this underexplored and resource-rich belt. The Property hosts the historic high-grade Lacoma gold zone, discovered in 1925, and is strategically positioned between the Company's Croinor and Megiscane properties. The 30-square-kilometre Property, acquired at a low cost, offers [...]
Highlights: The Bermont Claims extend the Company's Monique Deposit's eastern boundary, adding 750 metres of potential strike extension. The Monique resource includes 3.56 Moz M&I and 0.68 Moz inferred over 2,500 metres of strike length. The Property hosts the Bermont and Adelemont zones, with minimal drilling to date. These zones remain open laterally and at depth, sharing the same geological setting as the Monique [...]
Highlights: Strategic Acquisition: the Property ties on to the eastern boundary of the current Monique Deposit and hosts an extra 750 metres of potential strike extension. The Monique resource currently has 3.56Mozs M&I and 0.68Mozs inferred delineated over 2,500 metres of strike length. Additional High-Grade Gold Zones: The property hosts the high-grade Bermont and Adelemont gold zones, which have seen limited drilling [...]
Highlights: Strategic Acquisition: The Stella Property hosts the high-grade Lacoma gold zone discovered in 1925 and is strategically located between our Croinor and Megiscane properties. We are continuing our strategy of consolidating highly prospective exploration land in this vastly underexplored belt. Prime Location: The Lacoma gold zone lies along the Manneville Fault, which also hosts our McKenzie Break gold resource [...]
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