Click here to close now.




















Welcome!

News Feed Item

Probe Mines Announces High-Grade Infill Drill Intercepts, Including 7.0 g/t Gold Over 39.5 Metres, for its Borden Gold Project, Ontario

TORONTO, ONTARIO -- (Marketwired) -- 02/18/14 -- Probe Mines Limited (TSX VENTURE: PRB)

Highlights:


--  Infill drilling within High-Grade Zone ("HGZ") returned significant gold
    mineralization in Hole BL14-583on Section 1000mSE. This drill hole is
    located near the northwest end of the HGZ and demonstrates higher grades
    than previously encountered, returning:
    --  39.5 metres averaging 7.0 g/t gold
        --  including 28.5 metres grading 9.1 g/t gold
        --  including 16.0 metres grading 12.4 g/t gold

--  Infill Hole BL14-584 on Section 1050mSE (50m southeast of BL14-583)
    returned a significant intersection of:
    --  34.8 metres averaging 5.1 g/t gold
        --  including 12.6 metres of 11.4 g/t gold

--  Infill Hole BL14-582 on Section 950mSE (50m northwest of BL14-583)
    returned a thick gold intercept, consisting of:
    --  30.1 metres averaging 3.5 g/t gold
        --  including 2.9 metres grading 14.1 g/t gold
        --  also including 7.2 metres grading 4.4 g/t gold

--  Results continue to confirm the importance of the infill drill program
    through the identification of higher grades within the deposit, and
    particularly in the HGZ

Probe Mines Limited (TSX VENTURE: PRB) ("Probe" or the "Company") is pleased to announce that it has received further results for its on-going drill program on the Company's Borden Gold project near Chapleau, Ontario. Results are for the last nine (9) holes completed from the land-based infill drilling program on the High-Grade Zone ("HGZ") before the start of the on-ice drilling, which is currently underway. Diamond drill holes BL14-578 to BL14-586 were received and were successful in demonstrating the continuity and consistency of the high-grade gold mineralization. Holes BL14-583, -584, -582 and -586 are of particular importance as they demonstrate increasing grades at shallow depths (220-250 metres) within the northwest end of the HGZ (Sections 950mSE to 1100mSE) and indicate that the HGZ is still improving within its known strike length. Significantly, all four drill holes are located northwest of the original HGZ discovery hole, BL12-256, on Section 1200mSE (see News Release dated December 12, 2012).

Diamond drill hole BL14-583 returned a thick intersection of high-grade gold on Section 1000mSE consisting of 39.5 metres averaging 7.0 g/t gold ("Au"), which includes a higher-grade interval of 16 metres averaging 12.4 g/t Au. Fifty metres to the southeast (Section 1050mSE), Hole BL14-584 returned an equally significant 34.8 metres grading 5.1 g/t Au, including 12.6 metres of 11.4 g/t Au, while fifty metres to the northwest (Section 950mSE), Hole BL14-582 displayed an notable section of 30.1 metres averaging 3.5 g/t Au, which includes a 7.2 metre interval of 4.4 g/t Au. These results confirm the importance of the infill program and its contribution to the overall increase in the gold grades observed within the deposit.

The following table shows selected drill results for the HGZ infill drilling, which includes the shallow and deep holes necessary to bracket the gold mineralized structure in order to more accurately define its boundaries. No top-cut was used in calculating the gold intervals. Depths of the mineralized zones in Holes BL14-582, -583, -584 and -586, on sections 950mSE to 1100mSE are between 220 and 250 metres vertical depth. Mineralized intervals from holes to the southeast, on sections 1850mSE to 1950mSE, are between 420 and 570 metres vertical depth. All intervals approximate true width. Updated plan and section maps for all holes are also available on the Company's website at www.probemines.com:

High-Grade Zone Drill Results


----------------------------------------------------------------------------
                              From            To         Width            Au
DDH       Section              (m)           (m)           (m)         (g/t)
----------------------------------------------------------------------------
BL14-578  1900mSE            426.3         429.0           2.7           6.9
----------------------------------------------------------------------------
          1900mSE            534.0         549.0          15.0           1.8
----------------------------------------------------------------------------
          including          540.0         549.0           9.0           2.4
----------------------------------------------------------------------------
BL14-579  1850mSE            554.0         565.8          11.8           1.0
----------------------------------------------------------------------------
BL14-580  1950mSE            586.7         612.0          25.3           1.4
----------------------------------------------------------------------------
          including          597.4         606.0           8.6           2.3
----------------------------------------------------------------------------
BL14-581  1900mSE            459.1         464.4           5.3           1.3
----------------------------------------------------------------------------
          1900mSE            557.9         563.9           6.0           1.7
----------------------------------------------------------------------------
BL14-582  950mSE             237.9         268.0          30.1           3.5
----------------------------------------------------------------------------
          including          237.9         240.8           2.9          14.1
----------------------------------------------------------------------------
          also including     253.3         260.5           7.2           4.4
----------------------------------------------------------------------------
BL14-583  1000mSE            232.0         271.5          39.5           7.0
----------------------------------------------------------------------------
          including          243.0         271.5          28.5           9.1
----------------------------------------------------------------------------
          including          243.0         259.0          16.0          12.4
----------------------------------------------------------------------------
BL14-584  1050SE             237.0         271.8          34.8           5.1
----------------------------------------------------------------------------
          including          247.0         259.6          12.6          11.4
----------------------------------------------------------------------------
BL14-585  Lost Hole            ---           ---           ---           ---
----------------------------------------------------------------------------
BL14-586  1100SE             223.0         260.0          37.0           2.5
----------------------------------------------------------------------------
          including          244.1         260.0          15.9           4.6
----------------------------------------------------------------------------
          including          244.1         248.0           3.9           8.7
----------------------------------------------------------------------------

Dr. David Palmer, President and CEO of Probe, comments, "It is encouraging to see continued improvement within the high grade zone, and more importantly at its northwest end where mineralization tends to be shallowest. The increasing grade observed in the northwest between Sections 950mSE and 1100mSE suggests that there are still improvements to be made within the current strike length of the high-grade zone, in addition to the strong potential for expansion now being tested out on the ice. These results re-affirm the value of the infill program, which will continue to be one area of focus for the 2014 exploration program."

Probe has instituted a strict quality assurance and quality control ("QA-QC") program for the Borden Gold drill core sampling, with each fire assay furnace batch of 40 samples including two certified reference materials (standards), one blank sample and one core duplicate sample. Quality control guidelines and ongoing QAQC monitoring are being carried out by Probe personnel.

About Probe Mines:

Probe Mines Limited is a Canadian precious metals exploration company whose key asset is the Borden Gold Zone in Ontario, Canada. As of October 31, 2013, the Company is well-positioned with approximately $33.4 million in treasury. The Company is actively exploring a significant new gold resource on its Borden Gold Zone near Chapleau, Ontario and has 100% interest in the Black Creek chromite deposit located in Northern Ontario. The Company's shares trade on the TSX Venture Exchange under the symbol PRB.

David Palmer, Ph.D., P.Geo., is the qualified person for all technical information in this release. To find out more about Probe Mines Limited, visit our website at www.probemines.com.

On behalf of Probe Mines Limited,

Dr. David Palmer, President & Chief Executive Officer

Forward-Looking Statements

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

Shares Issued: 75,684,727

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
A producer of the first smartphones and tablets, presenter Lee M. Williams will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ETwater. In his session at @ThingsExpo, Lee Williams, COO of ETwater, will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ET...
Puppet Labs has announced the next major update to its flagship product: Puppet Enterprise 2015.2. This release includes new features providing DevOps teams with clarity, simplicity and additional management capabilities, including an all-new user interface, an interactive graph for visualizing infrastructure code, a new unified agent and broader infrastructure support.
SYS-CON Events announced today that Micron Technology, Inc., a global leader in advanced semiconductor systems, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Micron’s broad portfolio of high-performance memory technologies – including DRAM, NAND and NOR Flash – is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of tech...
This Enterprise Strategy Group lab validation report of the NEC Express5800/R320 server with Intel® Xeon® processor presents the benefits of 99.999% uptime NEC fault-tolerant servers that lower overall virtualized server total cost of ownership. This report also includes survey data on the significant costs associated with system outages impacting enterprise and web applications. Click Here to Download Report Now!
SYS-CON Events announced today the Containers & Microservices Bootcamp, being held November 3-4, 2015, in conjunction with 17th Cloud Expo, @ThingsExpo, and @DevOpsSummit at the Santa Clara Convention Center in Santa Clara, CA. This is your chance to get started with the latest technology in the industry. Combined with real-world scenarios and use cases, the Containers and Microservices Bootcamp, led by Janakiram MSV, a Microsoft Regional Director, will include presentations as well as hands-on...
Cloud and datacenter migration innovator AppZero has joined the Microsoft Enterprise Cloud Alliance Program. AppZero is a fast, flexible way to move Windows Server applications from any source machine – physical or virtual – to any destination server, in any cloud or datacenter, using its patented container technology. AppZero’s container is also called a Virtual Application Appliance (VAA). To facilitate Microsoft Azure onboarding, AppZero has two purpose-built offerings: AppZero SP for Azure,...
It’s been proven time and time again that in tech, diversity drives greater innovation, better team productivity and greater profits and market share. So what can we do in our DevOps teams to embrace diversity and help transform the culture of development and operations into a true “DevOps” team? In her session at DevOps Summit, Stefana Muller, Director, Product Management – Continuous Delivery at CA Technologies, answered that question citing examples, showing how to create opportunities for ...
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies leverage disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advance...
While many app developers are comfortable building apps for the smartphone, there is a whole new world out there. In his session at @ThingsExpo, Narayan Sainaney, Co-founder and CTO of Mojio, will discuss how the business case for connected car apps is growing and, with open platform companies having already done the heavy lifting, there really is no barrier to entry.
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Everyone talks about continuous integration and continuous delivery but those are just two ends of the pipeline. In the middle of DevOps is continuous testing (CT), and many organizations are struggling to implement continuous testing effectively. After all, without continuous testing there is no delivery. And Lab-As-A-Service (LaaS) enhances the CT with dynamic on-demand self-serve test topologies. CT together with LAAS make a powerful combination that perfectly serves complex software developm...
As more and more data is generated from a variety of connected devices, the need to get insights from this data and predict future behavior and trends is increasingly essential for businesses. Real-time stream processing is needed in a variety of different industries such as Manufacturing, Oil and Gas, Automobile, Finance, Online Retail, Smart Grids, and Healthcare. Azure Stream Analytics is a fully managed distributed stream computation service that provides low latency, scalable processing of ...
As more intelligent IoT applications shift into gear, they’re merging into the ever-increasing traffic flow of the Internet. It won’t be long before we experience bottlenecks, as IoT traffic peaks during rush hours. Organizations that are unprepared will find themselves by the side of the road unable to cross back into the fast lane. As billions of new devices begin to communicate and exchange data – will your infrastructure be scalable enough to handle this new interconnected world?
Culture is the most important ingredient of DevOps. The challenge for most organizations is defining and communicating a vision of beneficial DevOps culture for their organizations, and then facilitating the changes needed to achieve that. Often this comes down to an ability to provide true leadership. As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership ab...
IBM’s Blue Box Cloud, powered by OpenStack, is now available in any of IBM’s globally integrated cloud data centers running SoftLayer infrastructure. Less than 90 days after its acquisition of Blue Box, IBM has integrated its Blue Box Cloud Dedicated private-cloud-as-a-service into its broader portfolio of OpenStack® based solutions. The announcement, made today at the OpenStack Silicon Valley event, further highlights IBM’s continued support to deliver OpenStack solutions across all cloud depl...