TORONTO, ONTARIO -- (Marketwired) -- 06/18/13 -- 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 25 diamond drill holes, BL12-385 to BL13-409, were received and were successful in identifying high-grade gold mineralization up to 700 metres along strike from the initial high-grade discovery on Section 1200m SE; continued high-grade intercepts in the southeast High-Grade Zone, including very high-grade intercepts on the new step-out section 1250m SE; and expansion of the near surface mineralization to the northwest. Results include the remaining five holes from the winter ice drilling program on Borden Lake, which have extended the high-grade gold zone an additional 200 metres in strike length. Infill drilling also returned some important results confirming the continuity of strong, near-surface mineralization in the northwest on sections 900m and 950m NW.
The deposit still remains open in both directions along strike.
Results continue to confirm that, in addition to a dramatic improvement in gold grades in the southeast extension of the deposit, the high-grade zone also appears to extend over a significant strike length with the potential for continued expansion. Owing to the new scope of the mineralization, the Company is now re-classifying the deposit as a more traditional high-grade, Archean lode gold system, amenable to underground recovery, which is also bounded by significant ancillary lower-grade mineralization, the latter ideally suited to potential open pit mining techniques.
Results from the high-grade gold zone continue to show thick intersections of high-grade gold mineralization in both infill and expansion drilling. The zone has now been identified over a potential strike length of 700 metres and is still open to the southeast.
Winter Drilling Program:
The five remaining drill holes from the Winter drill program have successfully extended the high-grade mineralization an additional 200 metres to the southeast on Sections 1800m and 1900m SE. Results from the two new sections, 1800m SE and 1900m SE, show strong mineralized intercepts that are thicker and higher grade than those previously reported from Section 1700m SE, indicating a robust system with the potential to continue well to the southeast.
Intercepts include 27.1 metres grading 6.4 g/t Au, including 9.2 metres averaging 11.1 g/t Au in Hole BL13-402 on Section 1800m SE; and 39 metres grading 5.0 g/t Au, including 13.0 metres averaging 11.2 g/t Au in Hole BL13-403 on Section 1900m SE. Drilling is now focused on better delineating the high-grade gold zone in this area in order to bring the mineralization into an upcoming NI 43-101-compliant Resource Update.
The following table shows selected results from the expansion drilling of the high-grade gold zone, with all intervals approximating true width. Depths of the mineralized zones are between 255 and 431 metres vertical depth. Updated plan and section maps for all holes are available on the Company's website at
Most Popular Stories
- Dell Offers Undisclosed Number of Employee Buyouts
- Saab Gets Back into the Game; U.S. Auto Sales Soar
- Authorities Close to Deal with JPMorgan Chase over Madoff Response
- Apple Activates Customer-Tracking iBeacon
- 2013 Tech Gift Guide: iPad Mini Still Hot; Chromecast a Great Low-Cost Option
- A Biography of Jonathan Ive, Apple's Creative Chief
- It's No Yolk: Food-tech Startups Take Aim at Replacing Eggs
- U.S. Stocks Rise on Sysco Acquisition