Probe Mines Limited
TSX VENTURE : PRB

Probe Mines Limited

April 07, 2006 07:00 ET

Probe Mines Completes Winter Drilling Program in the James Bay Lowlands, Ontario, New 35 Meter Volcanogenic Massive Sulphide 'VMS' Intersection on 100%-Owned Tamarack Property, Assays Pending

TORONTO, ONTARIO--(CCNMatthews - April 7, 2006) - Probe Mines Limited (TSX VENTURE:PRB) is pleased to announce the completion of the 2006 winter drilling program in the McFaulds Lake area of Northern Ontario. Thirty holes, totaling approximately 4541 meters, were drilled to investigate selected electromagnetic conductors on four of the five projects Probe is operating in the area. Several new zones of sulphide mineralization were encountered, including a 35m volcanogenic massive sulphide (VMS) intersection on the Tamarack property to the south of the A-zone copper mineralization.

Tamarack Project

Fifteen holes were drilled on the company's 100% -owned Tamarack Project, totaling 2334m, testing the recently discovered A-zone copper mineralization, and two new conductors identified in the winter ground geophysical program. A-zone mineralization was intersected in five holes, over a strike length of a minimum of 100m, to the south and west of the initial discovery, while a new zone of massive sulphide mineralization was intersected 900m to the south of the A-zone and corresponds to one of the two new conductors. The new mineralization represents a significant sulphide intersection, comprising a continuous 35 meters zone of massive and semi massive sulphides comprised of pyrite with visible chalcopyrite. This new zone is much thicker than the A-zone (7.8 meters of 3.1% Cu) and represents the potential for substantial mineralization in the area.

Double Eagle Joint Venture

Ten conductors were tested with 11 holes, totaling 1585m, on the Double Eagle property in joint venture with Noront Resources Inc. (TSX VENTURE:NOT). Three of the holes intersected sulphide mineralization, containing visible chalcopyrite, hosted by felsic volcanic rocks similar to those in the area of Probe Mines' and Spider Resources' (TSX VENTURE:SPQ) discoveries. In addition to the volcanic-hosted sulphides, two zones of intense faulting and hydrothermal alteration in ultramafic rocks were delineated and represent the potential for possible gold mineralization in the area.

Fancamp Joint Venture

One hole of 171m was drilled on the recently acquired joint venture property with Fancamp Exploration Ltd. (TSX VENTURE:FNC). A thick section of highly altered felsic volcanics containing sulphide mineralization were intersected suggesting the presence of a large mineralizing system with the potential for significant base and/or precious metal mineralization nearby.

Freewest Option

Three conductors were drilled, for a total of 450m, on the recently acquired Freewest Option, with only one conductor explained. Mineralization in this hole consists of banded sulphides, including chalcopyrite, and graphite in felsic volcanic rocks.

The core has been sampled and is being sent to Accurassay Laboratories in Thunder Bay, Ontario. Samples will be analysed for base and precious metals and results will be released once all of the data has been compiled.

Probe Mines Limited is a base and precious metal exploration company with a portfolio of high-quality mineral properties. As well, Probe Mines maintains a royalty interest in claims covering part of Agnico-Eagle Mines Limited (TSX:AGE) Goldex Mine property in Val d'Or, Quebec, which is currently undergoing feasibility studies. Probe's shares trade on the TSX Venture Exchange under the symbol PRB.

To find out more about Probe Mines Limited (TSX VENTURE:PRB), visit our website at www.probemines.com.

About the Company:

Probe Mines Limited is a 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, and now has access to over 21,000 hectares of volcanic stratigraphy. 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.

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.

Forward-Looking Statements

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.

Contact Information

  • Probe Mines Limited
    Dave Palmer, Ph.D
    President
    (416) 777-6703
    or
    Probe Mines Limited
    Harry J. Hodge, P.Eng
    Director
    (416) 363-4376
    www.probemines.com