=======================================================================
Re: News Releases - Tuesday, September 22, 2009
Probe Mines Commences Phase II Drilling on its Black Creek
Chromite Discovery
=======================================================================
Toronto, September 22, 2009 -- The Directors of Probe Mines Limited
(TSX-V: PRB) ("Probe") are pleased to announce that the mobilization of
field crews has commenced for Phase II drilling on its Black Creek
high-grade chromite discovery in the McFauld's Lake area of the James
Bay Lowlands. The Black Creek horizon is located on the Probe/Noront
McFauld's West joint venture property and represents the latest
discovery in the "Ring of Fire". Results from the summer drilling
program yielded up to 62.4 metres of 34.5% Cr2O3, including 34 metres
of 41.4% Cr2O3. Values are amongst the best found in the McFauld's
area to date.
The Black Creek horizon was identified over 100 metres of strike length
and to a vertical depth of 186m and remains open in all directions. The
chromite-bearing horizon, which is hosted by a thick package of
peridotite comprised of olivine-bearing ultramafic rocks, lies directly
between the Black Thor chromite discovery of Freewest Resources
('Freewest') and the Freewest/KWG Resources/Spider Resources Big Daddy
chromite zone and northeast of Noront Resources Blackbird discoveries.
Phase II drilling will comprise up to 14 holes totaling approximately
2,100m and will focus on expanding the high-grade chromite zone.
Results will be announced upon completion of the program.
McFauld's Lake
The McFauld's area continues to receive considerable attention with
recent reports of high-grade chromite and PGE mineralization from
Noront and Freewest Resources, in addition to continuing intersections
of high-grade nickel and copper at Noront's Eagle One, Eagle Two and
AT-12 discoveries. A preliminary economic assessment of the Eagle One
Ni-Cu deposit reported an estimated resource (indicated) of 1,834,000
tonnes averaging 1.96% Ni, 1.18% Cu and 5.1g/t combined platinum,
palladium and gold.
The discovery of chromite at McFauld's has added significantly to the
area's value. The first massive chromite horizon was identified by
Spider Resources in January 2006 while exploring for VMS
mineralization. Noront Resources identified further chromite
mineralization on its Black Bird 1 and 2 showings, while Freewest
Resources returned significant intersections of massive chromite in its
Black Thor and Black Label deposits. Highlights from the Freewest
drilling include a 124m intersection grading 30% Cr2O3. The chromite
occurrences are all located along a laterally extensive magnetic high
that can be traced for approximately 20km in a northeast direction,
along which many of the Probe-Noront joint venture claims occur.
About Probe Mines:
Probe Mines Limited is a well financed, Canadian base and precious
metal exploration company with approximately $4.3M in treasury and a
portfolio of highly prospective mineral properties. The Company is
currently focused on the McFauld's Lake area where it owns 931 claims
covering almost 15,000 hectares, including joint venture properties
with Noront Resources. Probe also has an option-joint venture agreement
with West Timmins Mining on its 100%-owned West Timmins gold project
adjacent to the million-plus ounce gold deposit of Lake Shore Gold
Corp. and the recently announced Porphyry Zone discovery (83.4m of
12.75 g/t Au) of Lake Shore-West Timmins. In addition, Probe maintains
a 5% net smelter royalty on a portion of Agnico Eagle's Goldex Mine
near Val d'Or, Quebec, which began production in 2008. The Company has
only 33,516,472 shares issued and outstanding, which 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, or contact:
David Palmer
President
Tel: (416) 777-6703
Karen Willoughby
Investor Relations
Tel: (866) 365-4724
Forward-Looking Statements
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release. 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.
=======================================================================
Copyright (c) 2009 PROBE MINES LTD. (PRB) All rights reserved. For
more information visit our website at http://www.probemines.com/ or
send mailto:info@probemines.com
Message sent on Mon Sep 21, 2009 at 7:36:06 PM Pacific Time
=======================================================================
.
<