Probe Gold increases Novador resource estimate by 28%

After nearly 1.9 million metres of drilling, Osisko has outlined a total of 1.9 million oz. at its 100%-owned Windfall gold deposit in Quebec.

The PEA puts the gross revenues over 15 years of mining at $3.7 billion.

Apollo is one of eight porphyry-related targets the company has found within a 3-km by 4-km cluster, and is part of the Guayabales project.

The Maria Reyna and Caballito properties consist of a large, contiguous block of mineral rights with potential to host mineral deposits close to the Constancia processing facilities.

Drlling targets a combination of large step-out holes focusing on the system edges and step-out and infill holes on the Aurora Zone.

Over an estimated five-year life, the Hammerdown mine would produce a total of 247,000 oz. of gold, averaging 50,000 oz. annually.

The project will develop updated interpretations for the bedrock geology of the central Quesnel terrane.

The indicated gold resource now totals 1.16 million oz., representing an increase of 121% over the previous estimate.

The resource calculation encompasses both in-pit and underground components of the Tommy and Ted-Mint vein systems.