Second Phase Drilling on the Cree LakeProbe Mines Commences Second Phase Drilling on the Cree Lake Project, Swayze Belt, Ontario
TORONTO, ONTARIO, Jan 18, 2011 (Marketwire via COMTEX News Network) --
The Directors of Probe Mines Limited (TSX VENTURE:PRB) (Probe) are pleased to announce that the Company has commenced a second phase diamond drilling program on its Cree Lake Project, currently under option from Mantis Mineral Corp (CNSX:MYN) ("Mantis").
The drill program is designed to follow up on results from a summer drill program that returned numerous, zones of gold mineralization including a five (5) metre section grading 2.3 g/t Au and individual assays of up to 8 g/t Au. The property is also host to a thick (15.5 metre), near surface, gold zone averaging 2.05 g/t Au discovered by Mantis in 2009 and the historical Flintrock showing, where one hole from the summer program intersected 24 g/t Au over one metre.
The program will comprise a minimum of five holes to test for a possible northwesterly dip of the thick, lower grade gold mineralized horizon discovered by Mantis. In addition, the program will target the potential northeast extension of the gold discovery, an area that has not been previously tested by drilling. Marathon Drilling of Ottawa is providing the drilling services for this program.
Probe is currently earning up to a 70% interest in the Cree Lake property from Mantis. The Mantis occurrence represents a new gold discovery in the Swayze Belt represented by a quartz stockwork system carrying significant gold values along substantial drill hole widths. The zone comes to surface and represents excellent open-pit potential for a gold deposit of the high tonnage, low-grade type. The property is situated along the Ridout deformation zone, a 130-kilometer long structure that hosts past producers such as the Jerome, Tyrranite and Kenty Mines, as well as numerous gold showings. The area has received recent attention with the identification of thick intervals of gold mineralization by Trelawney Mining on its Chester Gold Project, located approximately 60 kilometres southeast along strike in the Swayze Belt.