Nov 29, 2005
Probe Mines Commences Deep EM Geophysical Program on McFauld's Lake Project
Probe Mines Limited (PRB - TSX Venture), is pleased to announce that a deep probing electromagnetic (EM) geophysical program has commenced on its 100%-owned McFauld's Lake Project in the James Bay Lowlands. The survey will cover over 2000 acres of the property centered on the recent high-grade copper VMS discovery, which returned a 7.8m section grading 3.1% Cu. Abitibi Geophysics of Val d'Or, Quebec has been awarded the contract and will use the new InfiniTEM system. The InfiniTEM system has successfully identified VMS deposits to over 300m depth and was designed to penetrate deeper than conventional time domain loop surveys. Probe is confident that the program will be successful in providing better definition of the known copper zone, as well as outlining new VMS targets.
Data from the geophysical program will be used to plan an intensive diamond drilling program to begin in the new year. Drilling will focus on the VMS discovery, and is designed to expand the known mineralization along strike and at depth. In addition the program will be used to test additional conductors. VMS deposits tend to occur in clusters, and other geophysical anomalies in the area represent a strong potential for the discovery of additional VMS deposits.
This press release is available on the Probe Mines IR HUB for investor commentary, feedback and questions. Investors are asked to visit http://www.agoracom.com/IR/ProbeMines. Alternatively, investors are asked to e-mail all questions and correspondence to [email protected] where they can also request addition to the investor e-mail list to receive all future press releases and correspondence directly.
About the Company: Probe Mines Limited is a well-funded base and precious metal exploration company with a portfolio of highly prospective mineral properties. In addition to its McFauld's Lake property Probe is currently exploring the adjacent Victory property, which represents a previously unexplored volcanic belt related to the McFauld's Lake volcanics. As well, Probe maintains a 5% royalty interest in claims covering part of Agnico-Eagle Mines Limited TSX: AGE) Goldex Mine property in Val d'Or, Quebec, which is slated to begin production in 2008, while gold mineralization has been discovered on its Bristol Township property in the new West Timmins gold camp. Probe'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 (TSX-V: PRB), visit our website at www.probemines.com or contact:
AGORA Investor Relations http://www.agoracom.com/IR/ProbeMines [email protected]
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Probe, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially form those anticipated in such statements. Important factors that could cause actual results to differ materially from Probe's expectations are exploration risks detailed herein and from time to time in the filings made by Probe with securities regulators.
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