Probe Mines Limited
TSX VENTURE : PRB

Probe Mines Limited

September 10, 2007 15:25 ET

Probe Mines Conducts Preliminary Exploration Program, Including Confirmation of Property Boundaries, on the Mcfaulds Lake West Property

TORONTO, ONTARIO--(Marketwire - Sept. 10, 2007) - The Directors of PROBE MINES LIMITED (TSX VENTURE:PRB) are pleased to announce that a reconnaissance field program has begun on their McFauld's Lake West property immediately adjacent Noront Resources new nickel-copper discovery. The field work will comprise a precise location of property boundaries and a soil geochemical survey, employing mobile metal ion (MMI) analysis. The survey will be centered over a magnetic anomaly identified from regional airborne data, similar to the one thought to be associated with the new nickel copper discovery. Probe Mines owns a 100% interest in 12 claims (192 hectares) staked in 2005 along the northern boundary, and to the south and west, of the Condor/Greenstone claim boundaries (http://www.probemines.com/i/maps/Probe-Condor_Press_Release_largel.jpg). The claims lie less than 600 metres from the site of the new nickel-copper discovery and represent the closest property to the new discovery. The reconnaissance survey will be used to develop a second, more comprehensive, exploration program on the property.

Noront Resources today released partial assay results on drillcore from the discovery hole. A 36m core length of sulphide mineralization assayed 1.84% Ni and 1.53% copper. The new discovery is significant as both a new Canadian nickel discovery and more specifically for the McFauld's Lake area where Probe owns over 856 claims (13,696 hectares). Historically the McFauld's Lake Belt is known for its base metal volcanogenic massive sulphide (VMS) deposits, however, this new nickel intersections broadens the scope for exploration in the area and strengthens its potential as a new Canadian mining camp.

Previous work by Probe Mines in the area resulted in a high-grade copper intersection on its 100%-owned Tamarack Project, approximately 20km east of Noront's Condor/Greenstone option. The Tamarack property is currently under option to Mantis Minerals Corp. 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.

Results for the current field program will be released as soon as they are available.

About the Company:

Probe Mines Limited is a Canadian base and precious metal exploration company with a portfolio of highly prospective mineral properties. 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. 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.

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
    David Palmer, Ph.D.
    President
    (416) 777-6703
    or
    Probe Mines Limited
    Harry J. Hodge, P.Eng.
    Director
    (416) 363-4376
    or
    Probe Mines Limited
    Karen Willoughby
    Investor Relations
    1-866-365-4724
    Website: www.probemines.com