Dec 21, 2005
Probe Mines Completes Deep EM Geophysical Program on McFauld's Lake Project
Toronto, Ontario CANADA, Dec 21, 2005 (M2 PRESSWIRE via COMTEX) --
Probe Mines Limited (PRB - TSX Venture), is pleased to announce that it has completed a deep-penetrating electromagnetic (EM) geophysical program on its 100%-owned McFauld's Lake Project in the James Bay Lowlands of Northern Ontario. The program comprises over 60 line kilometers of surveyed grid covering approximately 930 hectares underlain by volcanic rocks surrounding the Company's recent high-grade copper volcanogenic massive sulphide (VMS) discovery. Preliminary interpretation of the earliest data indicates that the discovery zone is over 400 metres in length, and at least one other conductor has been identified along the geological trend from the discovery zone. The survey was read with the InfiniTEM EM system of Abitibi Geophysics, Quebec, a new method of deep-probing EM that has been successful in identifying VMS deposits to over 300 metres depth.
Data from the survey are currently undergoing final processing and interpretation; with results expected by mid-January. The data will be released as soon as they are received.
A diamond drilling program is currently being planned for early in the New Year to further delineate Probe's VMS discovery, and test additional geophysical targets. VMS deposits tend to occur in clusters, and other geophysical anomalies in the area represent a strong potential for the discovery of new VMS deposits.
About the Company:
Probe Mines Limited is a well-funded base and precious metal exploration company with a portfolio of highly prospective mineral properties. Probe has made a significant copper VMS discovery during recent drilling on its McFauld's Lake project in the James Bay Lowlands, Ontario, including a near-surface intercept grading 3.1% Cu over 7.8 m. In addition, 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. Probe's shares trade on the TSX Venture Exchange under the symbol PRB.
To find out more about Probe Mines Limited, visit our website at www.probemines.com, or contact:
Dave Palmer, Ph.D. Fiona Childe, Ph.D. Harry J. Hodge, P.Eng., President Manager of Corp. Communications Director Tel: (416)777-6703 Tel: (416)992-8402 Tel: (416)363-4376
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.
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.
You can view the Next News Releases item: Thu Dec 22, 2005, Probe Mines to Option Noront Resource's Double Eagle Project in the McFauld's Lake Area, James Bay Lowlands
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