Probe Gold’s Novador Project Could Be a Top Investment Opportunity in High-Grade Gold this 2025
Probe Gold’s Novador Project Could Be a Top Investment Opportunity in High-Grade Gold this 2025
Embedded Files
Probe Gold has made an exciting new discovery in Quebec at its Novador project, located near Val-d’Or. This recent find is within a new, high-grade zone called Courvan SE001, a sub-zone in the Courvan Southeast deposit area. Drilling during the summer and fall unearthed promising results, with one standout drill hole revealing gold at shallow depths. This discovery is significant as it expands the potential for Novador, aligning with Probe Gold’s larger plans to explore and develop multiple deposits within the project.
Probe Gold has made an exciting new discovery in Quebec at its Novador project, located near Val-d’Or. This recent find is within a new, high-grade zone called Courvan SE001, a sub-zone in the Courvan Southeast deposit area. Drilling during the summer and fall unearthed promising results, with one standout drill hole revealing gold at shallow depths. This discovery is significant as it expands the potential for Novador, aligning with Probe Gold’s larger plans to explore and develop multiple deposits within the project.
Insight into the Drilling Results
Recent drill results have highlighted the gold-rich nature of the Courvan SE001 zone. Here are some of the most promising findings:
Drill Hole COD-24-29 encountered 12.8 meters of gold at a grade of 4.2 grams per tonne from just 8 meters below the surface. Within this interval, a high-grade section measured an impressive 14.3 grams per tonne.
Another section within the same hole found a shorter interval—0.8 meters—at an astonishing 224 grams per tonne.
A separate drill hole, COD-24-13, located just east of this deposit, intersected 3.2 meters with gold grades of 14.4 grams per tonne from a depth of 155 meters. This interval included a smaller, high-grade portion of 1 meter at 56.5 grams per tonne.
These findings underscore the potential of the Novador project, indicating that high-grade gold mineralization is spread over multiple sections and remains accessible at relatively shallow depths. For investors, these results suggest the project may contain even more valuable gold zones, which could add to the project's overall resource base.
These findings underscore the potential of the Novador project, indicating that high-grade gold mineralization is spread over multiple sections and remains accessible at relatively shallow depths. For investors, these results suggest the project may contain even more valuable gold zones, which could add to the project's overall resource base.
“The results from Courvan once again highlight the substantial exploration potential that remains within the Novador project... The recent discovery of thick, high-grade gold mineralization just 150 metres from our development areas suggests strong potential for further exploration breakthroughs as we advance our work on new targets around Novador.”
- David Palmer, Probe CEO and president said in a release.
Expert Commentary and Market Reactions
Probe Gold’s CEO, David Palmer, shared optimism about Novador's future, pointing to the new high-grade gold finds as proof of the project’s significant exploration potential. According to Palmer, these results could lead to further breakthroughs as the company continues to test new targets around the site. The market responded positively to this news, with Probe Gold’s stock seeing a slight gain, reflecting growing investor confidence. Additionally, the strong gold market—recently trading near record highs at $2,737.90 per ounce—adds to the excitement around this discovery.
Probe Gold’s CEO, David Palmer, shared optimism about Novador's future, pointing to the new high-grade gold finds as proof of the project’s significant exploration potential. According to Palmer, these results could lead to further breakthroughs as the company continues to test new targets around the site. The market responded positively to this news, with Probe Gold’s stock seeing a slight gain, reflecting growing investor confidence. Additionally, the strong gold market—recently trading near record highs at $2,737.90 per ounce—adds to the excitement around this discovery.
Future Outlook and Investor Takeaways
Looking ahead, Probe Gold has ambitious plans for the Novador project. The company recently launched a 50,000-meter drilling program to confirm the resource size and support the completion of a prefeasibility study by early 2026. Novador stands as a flagship project, holding the largest resource among Probe’s properties in the Val-d’Or East area. It includes measured and indicated resources of 6.4 million ounces, which represent a 60% increase from previous estimates.
Looking ahead, Probe Gold has ambitious plans for the Novador project. The company recently launched a 50,000-meter drilling program to confirm the resource size and support the completion of a prefeasibility study by early 2026. Novador stands as a flagship project, holding the largest resource among Probe’s properties in the Val-d’Or East area. It includes measured and indicated resources of 6.4 million ounces, which represent a 60% increase from previous estimates.
From an investment standpoint, this large resource base and the project’s estimated 12.6-year mine life, with a projected annual gold production of 255,000 ounces, add considerable value. A preliminary economic study places the project’s value at C$910 million after tax, with an anticipated 24.4% return rate, assuming a gold price of $1,750 per ounce. All these factors combined position Probe Gold as a promising player in the gold mining sector, with strong potential for both short-term and long-term returns.
From an investment standpoint, this large resource base and the project’s estimated 12.6-year mine life, with a projected annual gold production of 255,000 ounces, add considerable value. A preliminary economic study places the project’s value at C$910 million after tax, with an anticipated 24.4% return rate, assuming a gold price of $1,750 per ounce. All these factors combined position Probe Gold as a promising player in the gold mining sector, with strong potential for both short-term and long-term returns.
Thinking About Investing in Precious Metals?
Thinking About Investing in Precious Metals?
Watch this video first.
Learn More With Our Free Gold IRA Guide
Learn More With Our Free Gold IRA Guide
Page updated
Google Sites
Report abuse