Core Viewpoint - Probe Gold Inc. has awarded the Environmental Impact Assessment/Statement (EIA/EIS) contract for the Novador Project to WSP Canada Inc., marking a significant step in the permitting process aimed at advancing the project towards production [2][3][6]. Group 1: Environmental Impact Assessment - The EIA/EIS will cover essential environmental aspects such as geochemistry, groundwater and surface water quality, hydrology, air quality, and species with conservation status [2][6]. - Submission of the EIA/EIS to federal and provincial authorities is targeted for Q1 2027, which is crucial for obtaining necessary permits [2][3]. Group 2: Project Overview - The Novador Project is part of a larger land package of 835 square kilometers in the Val d'Or East area of Quebec, which includes four past-producing mines and contains 80% of the company's gold resources in this region [5][7]. - The project is situated in a politically stable and low-cost mining environment, enhancing its attractiveness for development [7]. Group 3: Company Position and Future Plans - Probe Gold is fully funded to advance through the regulatory and permitting process, which is expected to unlock significant value for shareholders [3]. - The company's Novador updated Preliminary Economic Assessment indicates an average annual gold production of 255,000 ounces over a mine life of 12.6 years [9].
Probe Awards EIS Contract; Advances Permitting for Novador Project