Highlights:

Exploration Programs - 60,000 metres of drilling is planned for Novador and Detour Quebec projects in 2023.
Novador Project
38,000 metres in expansion drilling at Novador’s Monique, Courvan and Pascalis deposits. Five drills are turning now at Monique.
15,000 metres in exploration drilling in Val-d’Or with 12,500 metres at Novador, testing new and lateral extension of gold trends, in February.
Detour Quebec
Additional follow-up drilling on high prospectivity identified targets.
7,000 metres in follow-up drilling, including on La Peltrie 2022 copper-gold-silver-molybdenum discovery, in June with two drills.
Geophysics, geochemistry, and prospecting has commenced over 20 new areas identified with high exploration potential.
Resource updates on the Pascalis and Courvan trend deposits are progressing well and expected in Spring.

Toronto, January 31, 2023 – PROBE GOLD INC. (TSX: PRB) (OTCQB: PROBF) (“Probe” or the “Company”), is pleased to provide the exploration plan for 2023 and an update on the progress of exploration activities at its Novador and Detour Quebec gold projects located in the two largest gold camps in Quebec’s Abitibi greenstone belt. Probe has been successfully growing and converting significant gold resources at its Novador Monique, Pascalis and Courvan gold trends while generating numerous high-priority regional targets with strong potential for additional, new, discoveries. In 2023, Probe intends to be more aggressive in exploration outside the existing gold resources areas and is planning to begin testing these new areas within Novador while maintaining a large resource expansion program. To begin this ongoing program of regional exploration, 15,000 metres of drilling has been allocated in 2023 to test selected targets. Resource expansion drilling will continue at Novador’s Monique, Pascalis and Courvan deposits with 38,000 metres planned in areas with high probability of expansion as predicted by our 3D geological models on each deposit.

At the Detour Quebec project, additional follow-up drilling will be performed on last year’s Copper-Gold-Silver-Molybdenum discovery and new drill targets identified along the Lower Detour Gold Trend will be tested. The drill program, totaling 7,000 metres with two drills, is scheduled to begin next June at Detour.

Exploration activities such as prospecting, geophysics and geochemistry are also planned from Q1 to Q3 this year to define drill targets in new areas at Novador and Detour where we see high potential for new gold discoveries. Probe intends to begin drill testing these new targets as soon as Q4, this year.

David Palmer, President and CEO of Probe, states “What we have achieved at our Novador project has been exceptional, with a growing development asset of over five million ounces in one of the most mining friendly jurisdictions in the World. However, we still see an incredible amount of upside in this project, in terms of both resource expansion and new gold discoveries. When we consolidated the Novador project we saw the untapped potential of this area to host multiple gold deposits outside of the existing resource areas. Now that we have solidified Novador’s place as one of the largest and best development projects in Canada, we can now start demonstrating the tremendous regional exploration upside of the project. We already have more than 20 new target areas identified, with five drill-ready, and the others being brought to drill readiness. I am very excited to finally start testing these targets and show the incredible potential of this project and why we were so eager to consolidate this area. The first drills are scheduled to start in February, alongside our resource expansion program which is already in progress. We are also encouraged by our recent results at Detour, which showed the discovery of a potentially large base and precious metal system on the La Peltrie property as well as some good indications of gold mineralization along the interpreted structure hosting Agnico Eagle’s Zone 58 discovery. In addition, we have been advancing new exploration targets along the Lower Detour Deformation Zone, two of which will be tested in the summer program. It is going to be a busy year for the exploration drills and we will be eagerly awaiting results.”

Novador project

In 2023, the Company's main priorities are to increase mineral resources and make new discoveries at the Novador project. Probe plans to test targets in the regional extensions of the Monique, Pascalis, and Courvan gold trends (Figure 1) as well as other new areas of the property. The Company is also pursuing an extensive expansion drill program to continue increasing the amount of gold ounces within the Novador deposits. This year's expansion drilling will focus on new mineralization potential within the current open pit shells and potential higher-grade, underground stopes. Following the positive resource estimate for Monique, updated resource estimates for Pascalis and Courvan are scheduled for spring 2023.

Detour Quebec project

In December 2022, Probe announced the discovery of a potential large copper-gold-silver-molybdenum mineralized system on the La Peltrie option property (option from Midland Exploration Inc.), located 15 kilometres southeast of Agnico Eagle Mines Ltd.'s Zone 58N gold deposit and 25 kilometres west of the former Selbaie mine, which produced 56.9 million tonnes grading 0.87 per cent copper, 1.85 per cent zinc, 39 grams per tonne silver and 0.55 gram per tonne gold (historical production). The mineralization intersected in hole LAP-22-012 was present throughout the drill hole, defining a wider copper-gold-silver-molybdenum intercept grading 0.21 per cent copper equivalent over 345.5 metres from surface, with potential to continue laterally and at depth. The Company, is currently planning the next phase of work, including a winter induced polarization (IP) survey, a spring prospecting program, and a summer 2,500-metre drilling program, with a focus on testing new induced polarization anomalies strategically positioned surrounding the discovery hole LAP-22-012.

At Detour Quebec Main property (100% owned by Probe), additional follow-up drilling on 2022 drill results is warranted. Last year Probe drilled thirteen (13) holes totaling 5,279-metre located 15 kilometres to the southeast of Agnico Eagle’s Zone 58N gold zone (Figure 2). Drilling was designed to test selected targets from the induced polarization (IP) and property-scale biogeochemical sampling programs. Drill holes intersected multiple low-grade gold intercepts grading 0.1 to 2.7 g/t Au over 1.0 to 1.5 metres associated with the Lower Detour Zone 58N typical host rocks assemblage and structures. Drilling provided comprehensive geologic stratigraphy comparable to the Zone 58N gold zone, including the identification of shear zones similar to that described at Zone 58. Low-grade gold mineralization was associated with contacts between Fe-rich and Mg-rich tholeiitic basalts, chert-layers and quartz-tourmaline veining in quartz feldspar porphyry units. Based on these interesting drill results, the program successfully demonstrated high prospectivity for larger gold mineralized systems which will be followed up with a 4,500-metre drill program next summer.

see & read more onhttps://probemetals.com/news/2023/probe-gold-provides-exploration-plans-for-2023/