07:05 AM EDT, 09/03/2024 (MT Newswires) -- Probe Gold ( PROBF ) said on Tuesday that it intersected high-grade gold at the Beaufor gold deposit on the Novador property in Quebec, with drilling completed by Monarch Mining before it was acquired by Probe in April.

High-grade intercepts returned up to 20.2 grams per tonne (g/t) gold over 3.9 meters, 4.1 g/t gold over 17.4 meters, 4.6 g/t gold over 26.7 meters, and 14.5 g/t gold over 4.2 meters.

The results indicate a strong potential for expansion and growth in near-surface mineralization located close to existing mine infrastructure, the company said.

The results will be included in a new updated mineral resource estimate to be released soon.

A new exploration and expansion drilling program is scheduled to begin in September at Novador, which will include near surface targets at Beaufor.