Core Viewpoint - Probe Gold Inc. has entered into a definitive purchase agreement to acquire a 100% interest in the Bermont Claims for a total consideration of 1,500,000 and a cash payment of 1,500,000 contingent on a mineral resource calculation report confirming at least 1,000,000 ounces of gold [2][11] - Jadmine retains a 3.5% net smelter return royalty on the Property, with 2.5% available for purchase by Probe for $2,500,000 [2] Property Overview - The Bermont Claims are strategically located adjacent to the Monique Deposit, which has resources of 3.56 million ounces measured and indicated and 0.68 million ounces inferred [12] - The Property spans 10 contiguous claims and is part of the Novador Development Project, which has a total land package of 835 square kilometers in the Val-d'Or East area of Quebec [4][10] Exploration Potential - Historical drilling from 1945 to 2011 has identified high-grade gold zones, with significant intercepts reported, including up to 30.9 g/t Au over 1.6 meters [8][9] - The Property has strong potential for additional high-grade gold mineralization and new discoveries, with limited modern exploration conducted [9][10] Future Plans - The company plans to initiate exploration and resource expansion drilling programs on the Property in 2025 [9][10][18] - The acquisition is expected to enhance the exploration potential at Monique by 30% and expand the available surface area for operational infrastructure [18]
Probe Gold to Acquire Adjacent Property to its Monique Gold Deposit in Val-d’Or, Quebec; Extends Strike Potential by 750 metres