Saturday 22nd October 2016

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Probe Mines reports Ontario Gold Assays up to 2 g/t over 91m

Probe Mines Limited PRB:CA announced drill results from its Borden Lake Project near Chapleau, Ontario. Assay highlights include 2 g/t gold over 91 metres (including 3.2 g/t over 21 metres), 0.7 g/t over 78 metres (including 1.1 g/t over 35.6 metres), 1 g/t over 86 metres (including 1.7 g/t over 34 metres), 0.9 g/t over 75.8 metres (including 1.4 g/t over 21.4 metres) and 1.2 g/t over 23 metres.

President David Palmer tells, “We only acquired Borden Lake in the spring of this year. It was acquired as another of the type of good grassroots property that Probe tends to focus on: properties with good potential value. And the results of the first phase program were a lot better than we had hoped for.

“In the first phase we were testing what was a surface occurence of gold. And as it turns out, it’s much much thicker than we thought. So the thing to take from this press release is that we haven’t even drilled through the width yet. Typically on a drill program—when you go through a zone—you’ll go from the hanging wall to the footwall, and you’ll see the entire zone. But even though we did a fence of holes, we still haven’t drilled through it. In one case, I did two holes from the same setup in the opposite direction, and both holes stayed in the mineralization for the entire lengths. And we’ve got potential at depth.

“It’s not your typical quartz-vein hosted hole; it’s got a kind of disseminated sulphide body. We hit some very high-grade zones in it, in an envelope of low-grade material. So the tonnage potential is significant. We could be looking at a real bulk-tonnage type of opportunity,” Palmer concludes. “As a first phase I’ve never seen anything like it.”

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David Palmer

or Karen Willoughby
Investor Relations

by Ted Niles

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