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Probe Mines Limited Completes High Resolution Airborne Survey on the McFauld's West Property, James Bay Lowlands, Ontario
Thursday December 6, 3:20 pm ET
TORONTO, ONTARIO--(Marketwire - Dec. 6, 2007) - The Directors of PROBE MINES LIMITED (TSX VENTURE:PRB - News) are pleased to announce that a high-resolution airborne magnetic and electromagnetic survey has been completed on the Company's 100%-owned McFauld's West Property, located less than 450 metres from Noront Resources' high-grade nickel-copper-PGE discovery in the James Bay Lowlands, Ontario. The airborne survey will be used to identify targets for an upcoming drill program, and represents the first electromagnetic survey to be conducted on the property. The Company expects to mobilize in late January or early February 2008 to begin the drill program.
The McFaulds West property comprises 12 claims situated immediately north and southwest of Noront Resources' nickel-copper-PGE discovery. Previous airborne magnetic surveys released by the government show the presence of two anomalies within Probe's claims that are similar in size and shape to that associated with Noront's discovery. Other than regional magnetic surveys, the property has had no previous exploration and the current high-resolution airborne survey will be the first to identify potential drill targets.
The airborne survey was conducted by Aeroquest International utilizing the AeroTEM II system, which has a reported exploration depth of up to 250 metres. Once the data has been received and interpreted further announcements will be made on the results of the survey and the details of the 2008 drilling program.
About Probe Mines:
Probe Mines Limited is a Canadian base and precious metal exploration company with 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. This includes a 100% interest in 12 claims (192 hectares) situated less than 450 metres from the site of Noront's significant new nickel-copper discovery and represents one of the closest properties to the discovery. 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.
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:
David Palmer, Ph.D.
Probe Mines Limited
President
(416) 777-6703
Karen Willoughby
Probe Mines Limited
Investor Relations
1-866-365-4724
Website: www.probemines.com
Email: prb@agoracom.com
AGORACOM Investor Relations
Website: www.agoracom.com/ir/probemines
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Source: Probe Mines Limited
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