TORONTO, ONTARIO -- (Marketwire) -- 01/08/13 -- 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 Gold project near Chapleau, Ontario. Results for diamond drill holes BL12-297 to BL12-313 were received and continue to expand the gold zone to depth, identify new mineralization to the hanging wall side (northeast) of the main zone and confirm the main zone through infill drilling. Although a number of intervals are of higher grade mineralization, these holes are not in the area of the recent high-grade discovery. The high-grade mineralization will be the focus of follow-up drilling when the program recommences in early January. The drilling up to, and including, Hole BL12-313 will all be part of an updated NI 43-101 compliant Resource Estimate to be released shortly.
Of the seventeen (17) new holes, four (4) represent expansion of the main zone mineralization to depth; two (2) 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.
Results continue to show a consistent overall improvement in grades with all but one of the 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). A significant number of intersections also display average grades over 1.5 g/t suggesting that the higher-grade core zone is also improving. Notable intervals include 41.7 metres grading 1.6 g/t Au in Hole BL12-300 (Section 350m SE) and a 35-metre intercept averaging 1.9 g/t Au in Hole BL12-309 (Section 550m SE), which includes a 14.5 metre wide interval averaging 3.3 g/t Au.
The Hanging Wall drilling program remains successful in delineating gold mineralization above the main deposit to the northeast, with Hole BL12-298 (Section 650m NW) containing a number of gold-bearing intervals at shallow depths. Further drilling will be required in 2013 to better evaluate the gold zones identified during the 2012 program.
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 BL12-304-306 and -312 true width is approximately 90% of drilled width.
Updated plan and section maps are available on the Company's website at www.probemines.com.
Depth Extension Drilling
---------------------------------------------------------------------------- From To Width AuDDH Section (m) (m) (m) (g/t)----------------------------------------------------------------------------BL12-303 900m SE 364.8 370.1 5.3 6.4----------------------------------------------------------------------------BL12-303 378.3 387 8.7 0.9----------------------------------------------------------------------------BL12-303 407 448 41 1.1----------------------------------------------------------------------------including 411 417 6 2.7----------------------------------------------------------------------------BL12-305 900m SE 426 432 6 1.8----------------------------------------------------------------------------BL12-305 438 451 13 2.5----------------------------------------------------------------------------BL12-308 800m SE 379.2 417 37.8 1.0----------------------------------------------------------------------------BL12-313 800m SE 319 342 23 1.3----------------------------------------------------------------------------including 320.7 327 6.3 2.4----------------------------------------------------------------------------BL12-313 369.4 380 10.6 1.4----------------------------------------------------------------------------BL12-313 384 404.5 20.5 0.8----------------------------------------------------------------------------
