TORONTO, ONTARIO -- (Marketwire) -- 12/18/12 -- Probe Mines Limited (TSX VENTURE: PRB) ("Probe" or the "Company") is pleased to announce that it has received further assays from its ongoing drilling program at the Company's Borden Lake Gold Project near Chapleau, Ontario. Results for diamond drill holes BL12-272 to BL12-296 were received and continue to expand the Borden Lake gold zone to depth, identify new mineralization to the hanging wall side (northeast) of the main zone and confirming the main zone through infill drilling. These results continue to show improvement in the Borden Lake deposit outside the area of the recently announced high-grade mineralization (see News Release dated December 12, 2012), particularly with respect to the higher-grade core. Follow-up drilling is now being planned for the high-grade mineralization identified at the southeast end of the deposit, which will be a focus in 2013.
Of the twenty-five (25) new holes, seven (7) represent expansion of the main zone mineralization to depth; seven (7) represent drilling in the immediate hanging wall of the main zone testing for parallel gold zones; and the remaining eleven (11) were drilled as infill to previous drilling of the main zone.
As with previous expansion and infill drilling on the main mineralized zone, results show a consistent improvement in overall grades with all significant intersections reported here returning values at or above the 0.6 g/t gold ("Au") cut-off used to define the Updated Resource (see news release dated April 2, 2012). The higher-grade core, which has become an integral feature of the mineralized zone, also shows continued improvement with a number of intersections averaging above 1.5 g/t over appreciable widths. Highlights from this drilling include 29 metres grading 1.7 g/t Au and 29.2 metres averaging 1.6 g/t Au in drill holes BL12-272 (Section 100m SE) and BL12-274 (Section 0m), respectively, with a number of high-grade zones including 12 metres of 3.9 g/t Au (BL12-294) and 6 metres of 6.3 g/t Au (BL12-293) on sections 450m SE and 1000m SE, respectively. Hole BL12-294 also returned an impressive intercept averaging 1.4 g/t Au over 95.6 metres.
The Hanging Wall drilling program remains successful in delineating gold mineralization above the main deposit to the northeast. Four of the reported holes contain significant intersections with respect to both width and grade, including a 4 metre interval grading 9.1 g/t Au (BL12-288) and a 35 metre-wide intercept averaging 0.6 g/t Au (BL12-286). The Company will now begin evaluating the results on the Hanging Wall program to direct future drilling on these gold zones.
The following tables show selected results from Depth Extension, Hanging Wall and Infill drilling programs. For the majority of holes, drill width approximates true width. For holes BL12-282 and -293 true width is approximately 90% of drilled width.
Updated plan and section maps are available on the Company's website at http://www.probemines.com.
Depth Extension Drilling---------------------------------------------------------------------------- From To Width AuDDH Section (m) (m) (m) (g/t)----------------------------------------------------------------------------BL12-273 600m NW 167 178 11 1.5----------------------------------------------------------------------------BL12-273 523 545.5 22.5 0.7----------------------------------------------------------------------------including 535 544 9 1.1----------------------------------------------------------------------------BL12-275 1100m SE 407.2 460 52.8 0.8----------------------------------------------------------------------------including 450 457 7 1.3----------------------------------------------------------------------------BL12-279 600m NW 713 726 13 0.7----------------------------------------------------------------------------BL12-281 1100m SE 388.3 399.4 11.1 1.6----------------------------------------------------------------------------BL12-281 447 459.7 12.7 0.8----------------------------------------------------------------------------BL12-285 700m NW 513 525 12 1.0----------------------------------------------------------------------------BL12-287 1000m SE 435.5 462 26.5 0.8----------------------------------------------------------------------------BL12-293 1000m SE 361 367 6 6.3----------------------------------------------------------------------------BL12-293 384 394 10 1.0----------------------------------------------------------------------------BL12-293 426 460 34 0.6----------------------------------------------------------------------------Hanging Wall Drilling---------------------------------------------------------------------------- From To Width AuDDH Section (m) (m) (m) (g/t)----------------------------------------------------------------------------BL12-284 550m SE 142.1 155.8 13.7 0.8----------------------------------------------------------------------------BL12-286 550m SE 128 163 35 0.6----------------------------------------------------------------------------BL12-288 650m SE 74 78 4 9.1----------------------------------------------------------------------------BL12-289 650m SE --- --- --- NSA----------------------------------------------------------------------------BL12-291 750m NW --- --- --- NSA----------------------------------------------------------------------------BL12-292 750m NW --- --- --- NSA----------------------------------------------------------------------------BL12-296 650m NW 191 200 9 1.6----------------------------------------------------------------------------(i)NSA - no significant assaysInfill Drilling---------------------------------------------------------------------------- From To Width AuDDH Section (m) (m) (m) (g/t)----------------------------------------------------------------------------BL12-272 100m SE 48 56 8 1.4----------------------------------------------------------------------------BL12-272 104 160 56 1.1----------------------------------------------------------------------------including 118 147 29 1.7----------------------------------------------------------------------------BL12-272 171.4 190 18.6 0.8----------------------------------------------------------------------------BL12-274 0m 88.8 187 98.2 1.0----------------------------------------------------------------------------including 115.8 145 29.2 1.6----------------------------------------------------------------------------also including 153 167 14 1.8----------------------------------------------------------------------------BL12-274 240.6 246 5.4 3.9----------------------------------------------------------------------------BL12-276 550m SE 213 225 12 1.0----------------------------------------------------------------------------BL12-276 262 294 32 0.7----------------------------------------------------------------------------BL12-277 750m NW 281.9 332.7 50.8 0.6----------------------------------------------------------------------------BL12-278 550m SE 208 296 88 1.3----------------------------------------------------------------------------including 222 224 2 21.9----------------------------------------------------------------------------also including 244 248.8 4.8 1.5----------------------------------------------------------------------------also including 252 256 4 3.1----------------------------------------------------------------------------BL12-280 750m NW 335 339 4 1.1----------------------------------------------------------------------------BL12-280 343 369.3 26.3 0.7----------------------------------------------------------------------------BL12-282 550m SE 213 241 28 0.7----------------------------------------------------------------------------BL12-282 250 304.8 54.8 1.1----------------------------------------------------------------------------including 279.4 300.2 20.8 1.4----------------------------------------------------------------------------BL12-282 308.6 316.8 8.2 0.7----------------------------------------------------------------------------BL12-283 750m NW 409.5 429 20.5 0.7----------------------------------------------------------------------------BL12-290 450m SE 186.5 222 35.5 0.7----------------------------------------------------------------------------BL12-290 244 267 23 1.2----------------------------------------------------------------------------including 247 251 4 2.2----------------------------------------------------------------------------BL12-294 450m SE 208.4 304 95.6 1.4----------------------------------------------------------------------------including 214 226 12 3.9----------------------------------------------------------------------------also including 259 286 27 1.7----------------------------------------------------------------------------BL12-295 550m NW --- --- --- NSA----------------------------------------------------------------------------(i)NSA - no significant assays
