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Other Val-d’Or East Properties

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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).

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 O3 MINING)

  • 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.