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Other Val-d’Or East Properties
Croinor
- The Property is located 58 kilometres east of the Novador project in Val-d’Or, Quebec, and consists of one mining lease and 337 claims, over a 152-square-kilometre area.
- The Property hosts a current measured and indicated resource of 805,900 tonnes at 6.47 g/t for 187,900 ounces of gold and inferred mineral resource of 200,100 tonnes at a grade of 6.19 g/t for 39,800 ounces of gold (source: Monarch NI 43-101 Technical Report Croinor Gold – July 2022).
- The Property is part of the Company’s Val-d’Or consolidated land package, which now stands at 600 square kilometres.
- The Property is underlain by two major lithological packages: the dominantly volcanic Assup Domain in the north and the dominantly sedimentary Garden Island Domain in the south.
- The Pershing Batholith overlaps the southwest end of the Property. The Property is transected by the Garden Island Deformation Corridor (“GIDC”) in a northwest-southeast direction, which is a major fault following the contact between the Assup and Garden Island domains. Probe is currently exploring the GIDC on its Novador project, as part of the Company’s 2023 exploration initiative.
- The Croinor Gold deposit is hosted by a synvolcanic dioritic sill. This sill is 60 to 120 metres thick and is hosted within volcanic rocks of the Assup Domain.
- The deposit is characterized by gold-rich lenses consisting of quartz-carbonate-tourmaline-pyrite veins, altered pyritic host rock material, and/or tectonic breccia.
- The mineralized lenses range from 60 to 120 metres long and can be followed over lateral distances varying from several tens of metres up to 600 m.
- To date, about 40 gold-rich lenses have been identified. Other gold showings, surrounding the Croinor deposit have seen limited exploration by trenching and drilling.
- Gold mineralization is found in vein systems within or associated with dyke, sill or intrusives within the volcanics. The Croinor gold system remains open for expansion and a large part of the property was never explored using modern techniques.
Lapaska
- Lapaska property consists of 26 contiguous mining claims covering 344 hectares and is favourably located 5 Km south of the Pascalis property.
- Mineral Resources were estimated at 1.2 g/t Au for a total of 79,335 ounces at a cut-off grade of 0.5 g/t Au (Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability).
Stella
- The Stella Property’s history dates back to 1925 with the discovery of a gold showing. By 1931, Lacoma Gold Mines Ltd. began exploration south of Senneterre, conducting surface drilling, sinking a 79-meter shaft, and developing two underground levels to investigate four mineralized veins, yielding results up to 39 g/t Au over 1.1 meters before ceasing operations in 1939.
- Minimal activity occurred until 1983-1984, when magnetic, gradient, and geological surveys, along with 17 drill holes, targeted the quartz diorite hosting the Lacoma gold zones. Further exploration in 1987-1988 included EMH and magnetic surveys and five diamond drill holes. In 2011, 23 drill holes were completed near the historical Lacoma shaft, with hole STE-10 intersecting 1.6 g/t Au over 14.8 meters in quartz-veined, pyrite-rich diorite stockwork.
- The property features intermediate volcanic rocks and laminated tuffs, with mineralized zones near a central diabase dyke and dioritic intrusion around the Lacoma shaft. Exploration beyond this area remains limited.
MEGISCANE-TAVERNIER
The 100%-owned Megiscane-Tavernier property contains 86 claims divided in two blocks (West and East) totalling 4,930 hectares.
McKenzie Break Property
- The high-grade gold deposit at the McKenzie Break property is situated only 20 kilometres north of the Company’s Novador Project.
- The property hosts a current, high-grade indicated gold resource of 146,000 ounces of gold at an average grade of 3.2 g/t, with an inferred mineral resource of 250,600 ounces of gold at an average grade of 3.1 g/t (source: Monarch NI 43-101 Technical Report McKenzie Break – October 2021).
- Spanning 183 mineral claims over 78.5 square kilometers, it has surface and underground infrastructure, including a ramp descending to 80 metres below the surface. Additionally, the property remains accessible year-round via Route 397 and a gravel road.
Beaufor Property
- The Beaufor property is immediately adjacent to the Company’s Novador project and consists of 23 claims covering 6.9 square kilometres.
- The Property hosts a current measured and indicated resource of 219,200 ounces of gold at 5.3 g/t and inferred mineral resource of 122,500 ounces of gold at 4.7 g/t (source: Monarch NI 43-101 Technical Report Beaufor Gold – July 2021).
- The property is easily accessible via Highway 117 and a gravel road and is located approximately 25 km east of Val-d’Or.
- It has surface mining rights and infrastructure, including underground developments descending to 900 metres below the surface.
CADILLAC BREAK EAST (JV WITH AGNICO EAGLE)
- Probe optioned Cadillac Break East property from Alexandria Minerals Corporation, now O3 Mining, in 2016.
- In 2021, Probe earned a 60% interest in the Cadillac Break East Property in joint venture with O3 Mining Inc.
- This property includes the Sleepy deposit, which hosts a Current Resource of 1,855,300 tonnes @ 5.1 g/t gold, for a total of 307,350 inferred ounces of gold, uncapped.
- Beyond the Sleepy area, exploration work since the 1920’s has consisted of primarily early-stage exploration programs consisting of geophysical surveys and limited drilling.
BERMONT CLAIMS
- The Bermont Claims are adjacent to the Monique deposit, which hosts resources of 3,559,600ounces M&I and 677,300 ounces inferred (see press release dated September 5, 2024).
- The Bermont and the Adelemont mineralized zones were formed contemporaneous to the Monique gold deposit and show similar characteristics. Gold mineralization is associated with deformation zones and porphyry dykes within mafic to ultramafic volcanics assemblage crossing the Property with an orientation of 280° and dipping – 80° to the north. Gold mineralization is defined by a network of quartz-tourmaline-carbonate veins and veinlets with disseminated sulphides in altered wall rocks.
- The history of the Property dates to 1945, with the discovery of the Adelemont gold zone. The Property was subjected of exploration activities from 1945 to 2011, which consisted mainly in drilling the Adelemont and magnetic surveys covering the area. The Bermont zone was discovered in 2008 and very few holes were drilled into this zone. The most recent exploration drill program was in 2011 and returned intercepts grading up to 30.9 g/t Au over 1.6 metres, 5.7 g/t Au over 3.2 metres and 2.9 g/t Au over 4.0 metres.
