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)


--  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

Probe Mines Limited
Karen Willoughby
Director of Corporate Communications
(866) 936-6766
[email protected]

Probe Mines Limited
Patrick Langlois
Vice President, Corporate Development
(416) 777-6703
[email protected]

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
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
"We started a Master of Science in business analytics - that's the hot topic. We serve the business community around San Francisco so we educate the working professionals and this is where they all want to be," explained Judy Lee, Associate Professor and Department Chair at Golden Gate University, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
DXWorldEXPO LLC announced today that Dez Blanchfield joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Dez is a strategic leader in business and digital transformation with 25 years of experience in the IT and telecommunications industries developing strategies and implementing business initiatives. He has a breadth of expertise spanning technologies such as cloud computing, big data and analytics, cognitive computing, m...
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
There is a huge demand for responsive, real-time mobile and web experiences, but current architectural patterns do not easily accommodate applications that respond to events in real time. Common solutions using message queues or HTTP long-polling quickly lead to resiliency, scalability and development velocity challenges. In his session at 21st Cloud Expo, Ryland Degnan, a Senior Software Engineer on the Netflix Edge Platform team, will discuss how by leveraging a reactive stream-based protocol,...
DXWorldEXPO LLC announced today that Kevin Jackson joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Kevin L. Jackson is a globally recognized cloud computing expert and Founder/Author of the award winning "Cloud Musings" blog. Mr. Jackson has also been recognized as a "Top 100 Cybersecurity Influencer and Brand" by Onalytica (2015), a Huffington Post "Top 100 Cloud Computing Experts on Twitter" (2013) and a "Top 50 C...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
Daniel Jones is CTO of EngineerBetter, helping enterprises deliver value faster. Previously he was an IT consultant, indie video games developer, head of web development in the finance sector, and an award-winning martial artist. Continuous Delivery makes it possible to exploit findings of cognitive psychology and neuroscience to increase the productivity and happiness of our teams.
The standardization of container runtimes and images has sparked the creation of an almost overwhelming number of new open source projects that build on and otherwise work with these specifications. Of course, there's Kubernetes, which orchestrates and manages collections of containers. It was one of the first and best-known examples of projects that make containers truly useful for production use. However, more recently, the container ecosystem has truly exploded. A service mesh like Istio addr...
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory? In her Day 2 Keynote at @DevOpsSummit at 21st Cloud Expo, Aruna Ravichandran, VP, DevOps Solutions Marketing, CA Technologies, was jo...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.