Goldflare Produces New Targets on Goldfields - Seite 2

• At the southeast corner of the property, the interpreted structure can be extended northeast to the Fayolle pit.
• Two other unexplored lineaments can be defined to the west.
• The same exercise also covered the Destorbelle showing located 3.5km west of Goldfields. At this location, a northeast lineament corresponding to a strong mag contrast that intersects ultramafic units that serve as markers to follow the Porcupine-Destor fault. The Destorbelle showing is adjacent to this geophysical signature. Portions of the 5 lineaments will be covered by bark sampling grids at 50 to 100 metre spacing. Each target corresponds to an area of approximately 1 km by 0.5 km.

This prospecting method, which uses the ability of trees to fix gold from the root system, has been successfully tested in northern Abitibi in forest areas similar to the Goldfields sector (Beh B., et al.,2021). Sampling work will begin in the spring.

Source: Beh B., Lafontaine D., 2021. Work Report 2020 and 2021 Spruce Bark Sampling and Prospecting work on the Detour Quebec Property 32E13/32E14/32E15 Massicotte, Enjalran, LaPeltrie, Carheil, Lanouillier, Brouillan and Gaudet Townships Quebec, Probe Metals Inc. GM-72265.

Exploration model

The gold values intercepted on the Goldfields property are hosted in altered lamprophyre and syenite intrusions in fault contact between ultramafic volcanic rocks and basalts. Mineralization takes the form of free gold trapped in a network of joints and veinlets associated with minor amounts of sulphides (pyrite, chalcopyrite) and magnetite.

These observations are consistent with the geology of Iamgold's Fayolle deposit located approximately 700 metres to the east. Preliminary interpretation based on magnetic surveys has clearly demonstrated that the Fayolle deposit is part of the same structural pattern as the Goldfields property.

President and CEO Ghislain Morin mentions: « Goldflare intends to apply exploration methods that are appropriate to the conditions of the field. The company believes that the time has come to innovate in terms of exploration methods while reducing exploration risk and investments at a preliminary stage. With these results, we hope to identify the signature of an important deposit under the overburden cover that has never been explored for this reason.