Probe Gold Inc. Secures Engineering Contracts to Advance Novador Project in Quebec
- Probe Gold Inc. has awarded engineering contracts to advance the Novador Project, assessing its economic viability through a Pre-Feasibility Study.
- G Mining Services and GHD will manage mining engineering and environmental compliance for the Novador Project's development.
- The Novador Project holds approximately 10 million ounces of gold resources, positioning Probe Gold for growth in a competitive market.
Probe Gold Inc. Advances Novador Project with Strategic Engineering Contracts
In a significant development for Probe Gold Inc., the Canadian gold exploration company announces the awarding of essential engineering contracts for its Novador Project, one of the largest undeveloped gold projects in Canada. On June 3, 2025, Probe Gold confirms that Ausenco Engineering Canada ULC will lead the Pre-Feasibility Study (PFS), a pivotal step in assessing the project's economic viability. The PFS is expected to be completed by the end of 2025 and will encompass technical expertise across multiple engineering disciplines, including infrastructure, metallurgy, and processing. This strategic move aims to enhance the project's overall execution by establishing a clear project execution plan that outlines necessary capital and operational expenditures.
The appointment of G Mining Services Inc. further solidifies Probe Gold's commitment to advancing the Novador Project. G Mining Services will manage all mining engineering aspects, focusing on both open pit and underground mining design, mine planning, and developing an execution strategy tailored to the unique challenges of the project. Furthermore, GHD is brought on board to address tailings and water management engineering, leveraging their existing knowledge of the Novador site. This multi-faceted approach ensures that Probe Gold is not only focused on maximizing resource extraction but is also committed to meeting environmental compliance and permitting requirements.
The Novador Project is strategically located in Val D'Or, Québec, an area renowned for its rich mining history and infrastructure. With approximately 10 million ounces of gold resources reported, and a significant land position of 835 square kilometers, Probe Gold is poised for growth. Company President and CEO David Palmer expresses confidence in the project’s future, noting that the recent financing will fully fund the project through regulatory and permitting stages. As gold remains a sought-after asset during times of geopolitical uncertainty, Probe Gold’s strategic maneuvers position it favorably in a market where demand continues to outpace supply.
In addition to the engineering contracts, Probe Gold's corporate initiatives reflect a broader trend in the gold industry. The company emphasizes the increasing interest from central banks in gold, which further underscores its desirability as a stable investment. The lack of major gold discoveries in recent years has intensified focus on existing resources, strengthening Probe Gold's position within the competitive landscape of gold exploration in Canada. With the Novador Project at the forefront, Probe Gold continues to solidify its role as a key player in the Canadian gold sector.