As part of the permitting process for the Novador Project, Probe Gold has awarded the Environmental Impact Assessment/Statement (EIA/EIS) contract to WSP.
The completed EIA/EIS will form the cornerstone of Probe Gold’s impact assessment application to federal and provincial regulators, and is another significant milestone in the permitting process, bringing the Novador Project closer to production.
WSP is a globally recognized leader in environmental permitting, consistently ranked among the top environmental consulting firms. The company has successfully completed EIA/EIS, including the James Bay Lithium Mine Project for Galaxy Lithium (Canada) inc., the Windfall Mine Project for Minière Osisko inc., the Bloom Lake Project for Minerai de Fer Québec, among others. WSP is also involved in several ongoing EIA/EIS for various mining clients.
TORONTO, May 06, 2025 (GLOBE NEWSWIRE) -- PROBE GOLD INC. (TSX: PRB) (OTCQB: PROBF) ("Probe" or the "Company") is pleased to announce that it has awarded the contract for the Environmental Impact Assessment/Statement (EIA/EIS), for the Novador Project, to WSP Canada Inc. (“WSP”). As part of this engagement, WSP will support the preparation of the EIA/EIS documentation, covering key environmental aspects of the project, including geochemistry, groundwater and surface water quality, hydrology, hydrogeology, air quality, noise and vibration, vegetation and wetlands, fish and fish habitat, species with conservation status. Submission of the EIA/EIS, to both federal and provincial authorities, is targeted for Q1 2027. The Impact Assessment Agency of Canada (IAAC) will use the EIS, along with other relevant information, to prepare an impact assessment report in order to approve permitting. At the provincial level, the Ministry of the Environment, the Fight against Climate Change, Wildlife and Parks will proceed with the screening analysis and the environmental analysis of the EIA report.
David Palmer, President and CEO of Probe Gold, states “This milestone marks another key step forward in the permitting process and continued de-risking of the Novador Project. Partnering with WSP, a recognized leader in Environmental Impact Statements, gives us confidence in the quality and scope of the work, which will help us to meet our permitting timeline of 2027. With the close of our recent financing, we are now fully-funded to advance through the regulatory and permitting process, which will unlock significant value for Shareholders.”
Figure 1
Figure 1: Federal and Provincial Environmental Permitting Process
About Probe's Novador Project Since 2016, Probe Gold has been consolidating its land position in the highly prospective Val d'Or East area in the province of Quebec with a district-scale land package of 835 square kilometres that represents one of the largest land holdings in the Val-d'Or mining camp. The Novador project represents one property block of 202 square kilometres that hosts four past producing mines (Beliveau Mine, Bussiere Mine, Monique Mine and Beaufor Mine) and contains 80% of the Company's gold resources in Val-d'Or East. Novador is situated in a politically stable and low-cost mining environment that hosts numerous active producers and mills.
About WSP WSP is one of the world’s leading professional services firms, uniting its engineering, advisory and science-based expertise to shape communities to advance humanity. From local beginnings to a globe-spanning presence today, WSP operates in over 50 countries and employs approximately 73,000 professionals, known as Visioneers. Together they pioneer solutions and deliver innovative projects in the transportation, infrastructure, environment, building, energy, water, and mining and metals sectors. WSP is publicly listed on the Toronto Stock Exchange (TSX:WSP).
About Probe Gold Probe Gold Inc. is a leading Canadian company focused on the acquisition, exploration, and development of highly prospective gold properties. The Company is well-funded and dedicated to exploring and developing high-quality gold projects. Notably, it owns 100% of its flagship asset, the multimillion-ounce Novador Gold Project in Québec, as well as an early-stage Detour Gold Québec project. Probe controls a large land package of approximately 1,835-square-kilometres of exploration ground within some of the most prolific gold belts in Québec. The Company’s recent Novador updated Preliminary Economic Assessment outlines a robust mining plan with an average annual gold production of 255,000 ounces over a 12.6-year mine life.
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 Probe Gold Inc.,
Dr. David Palmer, President & Chief Executive Officer
For further information:
Please visit our website at www.probegold.com or contact:
Seema Sindwani Vice-President of Investor Relations info@probegold.com +1.416.777.9467
Forward-Looking Statements
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