08:35 AM EDT, 04/30/2025 (MT Newswires) -- Probe Gold ( PROBF ) reported Wednesday the latest results from its 50,000-meter infill drilling program at the Novador project in Quebec.

The company said results from 33 infill drill holes at the Monique deposit totaling 14,045 meters returned thick intercepts of significant gold grades.

Results include 5.4 grams per tonne (g/t) gold over 16.4 meters, 6.7 g/t gold over 20.7 meters and 2.8 g/t gold over 16.5 meters.

"The infill drilling program at Novador continues to yield strong results, confirming the continuity and expanding deeper gold zones at Monique," said David Palmer, president and CEO of Probe.

The company said it will use the results for an upcoming pre-feasibility study on the project.

"Backed by a robust treasury of over $50 million, we remain firmly committed to positioning Novador as a premier gold development project, capable of delivering long-term value across all market conditions," Palmer said.

Probe's share price rose 2.5% on Tuesday to $2.07 on the TSX.