Sep 27, 2007
Probe Launches AGORACOM IR Hub Ahead of Schedule - Online Investor Community Now Live
TORONTO, ONTARIO, Sept. 27, 2007 - Probe Mines Ltd. (TSX VENTURE: PRB)
Pursuant to a press release issued on September 20, 2007, Probe Mines has moved its schedule ahead and is pleased to announce that the IR Hub provided by AGORACOM Investor Relations ("AGORACOM") (http://www.agoracom.com) to provide online investor relations services, a Web 2.0 social network for current shareholders and Tier-1 awareness through the world's biggest websites for the purpose of attracting new shareholders; is now live.
The McFauld's Lake area has quickly taken on added significance in the investment community with Noront Resources' recent high-grade, nickel-copper-PGM discovery. Probe's 100%-owned McFauld's West property, which was staked in 2005, is proving to be one of our most important to date.
Noront's Hole NOT-07-05, is the most significant hole to date, as the most recent assay results include; 68.3 meters averaging 5.9% nickel, 3.1% copper, 2.87 g/t platinum, 9.78 g/t palladium, 0.61 g/t gold and 8.5 g/t silver; the highest grades were from a 3 meter section of hole that averaged 8.7% nickel, 10.9% copper, 40.79 g/t platinum, 14.57 g/t palladium, 9.39 g/t gold and 8.7 g/t silver.
Although in its early stages, the grades of the discovery mineralization rival that of the world's primary nickel/copper/pgm producing areas.
Probe is fortunate to be proximal to such a significant discovery, and we will be focussed on exploring these valuable claims in the months to come. Probe has already completed a preliminary reconnaissance program and is planning a winter exploration program to fully develop and expand its interests in this exciting area play.
Probe also holds a substantial land position in other areas of the belt, and we are now re-evaluating this ground for nickel-copper potential. Our Tamarack Project, which is now under an Option-Joint Venture agreement with Mantis Mineral Corporation, is the site of our high-grade copper discovery and work will continue on this and potential nickel-copper mineralization. Probe is also active on its 100%-owned Victory Project, which is focused on exploration in an associated volcanic belt immediately adjacent to the McFauld's Lake Volcanic Belt.
While historically the McFauld's Lake Belt is known for its base metal volcanogenic massive sulphide (VMS) deposits, this new nickel/copper/pgm intersection broadens the scope for exploration in the area and strengthens its potential as a new Canadian mining camp.
Investors are invited to visit the Probe Mines IR Hub at www.agoracom.com/IR/Probe where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [email protected] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.
AGORACOM Investor Relations (http://www.AgoracomIR.com) is North America's largest online investor relations firm for small-cap companies. We have partnered with the world's biggest internet companies, including Yahoo, AOL, Google and Blackberry to market our clients to a massive audience of new small-cap investors. We have served over 200 companies since 1997.
AGORACOM Investor Relations has displaced the telephone and e-mail as primary IR communications devices. Our IR HUB delivers two-way investor relations in near real-time that is 24/7/365 accessible to shareholders around the world and goes far beyond text by offering both audio and video communications.
AGORACOM (http://www.Agoracom.com) is North America's only small-cap community built to serve the needs of serious small-cap and micro-cap investors. No rumours, profanity, stock bashing or hyping. Our traffic ranking is above the top 1% of all websites around the world.
About Probe Mines:
Probe Mines Limited is a Canadian base and precious metal exploration company with a portfolio of highly prospective mineral properties. The Company has assembled a portfolio of quality projects and is currently focusing on the McFauld's Lake area where the company owns over 856 claims (13,696 hectares). This includes a 100% interest in 12 claims (192 hectares) that lie less than 600 metres from the site of Noront's significant new nickel-copper-PGM discovery and represents one of the closest properties to the discovery. Probe currently has joint venture agreements on its Bristol Township gold project (West Timmins Mining Inc.) and Tamarack base metal project (Mantis Minerals Corp.). The Bristol Project is adjacent to the million-plus ounce gold deposit owned by Lake Shore Gold Corp., which has recently announced a positive pre-feasibility study for the project. Probe also maintains a 5% net smelter royalty on a portion of Agnico Eagle's Goldex Mine near Val d'Or, Quebec, slated for production in 2008.
Its shares trade on the TSX Venture Exchange, trading symbol PRB, and there are 23,914,973 shares issued to date.
To find out more about Probe Mines Limited, visit our website at http://www.probemines.com
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.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Probe Mines Limited
David Palmer, Ph.D., President
Harry J. Hodge, P.Eng., Director
Karen Willoughby, Director Corporate Communications
AGORACOM Investor Relations
SOURCE: Probe Mines Limited
You can view the Next News Releases item: Thu Oct 25, 2007, Probe Mines Announces Increase in Size of Non-Brokered Private Placement to Explore McFauld's Lake Project
You can view the Previous News Releases item: Mon Sep 10, 2007, PROBE MINES CONDUCTS PRELIMINARY EXPLORATION PROGRAM, INCLUDING CONFIRMATION OF PROPERTY BOUNDARIES, ON THE MCFAULDS LAKE WEST PROPERTY
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