(Kitco News) - Probe Gold (TSX-V: PRB) announced today that it has tripled indicated gold resource to 2,038,900 ounces at its Monique property, part of the Novador project (formerly Val-d'Or East) located near Val-d'Or, Quebec.
The company said that the mineral resource has shown significant improvement over the previous resource estimate and remains open for future expansion, adding that updated resource at Monique stands at 2,038,900 ounces of gold within the indicated category and 357,200 ounces of gold within the inferred category.
The company noted that in addition to the substantial increase at Monique, the updated resource was also successful in converting an additional l,367,000 ounces to the indicated category from the 2021 resource estimate, more than tripling the indicated resources for Monique.
"This estimate includes the resource from the Monique property only and the resource updates on the Pascalis and Courvan trend deposits will follow later in Spring 2023 and are expected to show significant improvement in the indicated resource and a potential increase in the total gold inventory for the three combined deposits," the company said in a press release.
President and CEO David Palmer stated, "Once again Monique has exceeded our expectations showing a significant increase in gold resources of more than a million ounces and more than tripling the amount of indicated resource. With a 2.4 million ounces inventory now hosted by Monique, and 5.1 million ounces expected in total inventory, our expansion and conversion programs were highly successful and confirmed the consistency, and quality, of the Monique deposit."
Probe Gold is a Canadian gold exploration company focused on the acquisition, exploration, and development of prospective gold properties. The company said it is committed to discovering and developing high-quality gold projects, including its key asset the multimillion-ounce Novador gold project, Québec.
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