Highlights:
- The acquisition of the Stella Property reinforces the Company’s strategy to consolidate highly prospective exploration land within this underexplored and resource-rich belt.
- The Property hosts the historic high-grade Lacoma gold zone, discovered in 1925, and is strategically positioned between the Company’s Croinor and Megiscane properties.
- The 30-square-kilometre Property, acquired at a low cost, offers significant potential for high-grade gold mineralization and new discoveries along a prolific gold-bearing structure, providing tremendous exploration value.
Figure 1 – Probe Gold Val-d’Or properties with the Stella Property
Transaction details
Pursuant to the Agreement, Probe acquired a 100% interest in the Property for consideration of 149,066 common shares of the Company (the “Shares”), at a deemed price per Share of
About the Stella Property
The history of the Stella Property dates back to approximately 1925, with the discovery of a gold showing. By 1931,
From 1939 to 1983, minimal exploration occurred, with limited drilling. Renewed efforts in 1983-1984 included magnetic, gradient, and geological surveys, alongside 17 drill holes primarily targeting the quartz diorite hosting the Lacoma gold zones. Further exploration in 1987-1988 included EMH and magnetic surveys, followed by five diamond drill holes.
More recently, in 2011, 23 drill holes were completed near the historical Lacoma shaft. Notably, hole STE-10 intersected 1.6 g/t Au over 14.8 meters in a quartz-veined and pyrite-rich diorite stockwork. The Property is predominantly underlain by intermediate volcanic rocks and finely laminated tuffs, with the mineralized zones concentrated near a central diabase dyke and dioritic intrusion close to the Lacoma shaft. Exploration outside the Lacoma area remains limited.
Qualified Person
The scientific and technical content of this press release has been prepared, reviewed, and approved by Mr.
About Probe’s
Since 2016, Probe Gold has been consolidating its land position in the highly prospective Val-d’Or East area in the province of
About Probe Gold:
Probe
Val-d’Or properties include gold resources totaling 6,728,600 ounces in the Measured and Indicated category and 3,277,100 ounces in the Inferred category along all trends and deposits.
On behalf of
Dr.
President & Chief Executive Officer
For further information:
Please visit our website at www.probegold.com or contact:
Vice-President of Investor Relations
info@probegold.com
+1.416.777.9467
Forward-Looking Statements
Neither TSX Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Exchange) accepts responsibility for the adequacy or accuracy of this release. This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties, and other factors involved with forward-looking information could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, that the Property offers significant potential for high-grade gold mineralization and new discoveries and provides tremendous exploration value, the potential to define high-quality drill targets, particularly in the Lacoma area and beyond, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to the timely receipt of all regulatory and third party approvals for the acquisition of the Property, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Shares Issued: 182,192,292
An image accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f97ac33b-8751-46bb-89d4-f5a48f738064

Figure 1 – Probe Gold Val-d’Or properties with the Stella Property

Figure 1 – Probe Gold Val-d’Or properties with the Stella Property
2025 GlobeNewswire, Inc., source