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Re: News Releases - Wednesday, September 08, 2010
Probe Mines Announces Drilling Results for Cree Lake Project,
Swayze Belt, Northeastern Ontario
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Toronto, September 8, 2010 -- The Directors of PROBE MINES LIMITED
(TSX-V: PRB) ("Probe") are pleased to announce that the Company has
received geochemical results from its first-phase drilling property on
the Cree Lake Project, currently under option from Mantis Mineral Corp
(CNSX: MYN) ("Mantis"), in the Swayze Belt of Northeastern Ontario. A
total of six holes were drilled testing Mantis' 2009 gold discovery,
comprising a thick (15.5m), near surface, gold zone averaging 2.05 g/t
Au, at depth and along approximately 150 metres of strike length. All
holes intersected numerous, narrower, zones of gold mineralization
grading up to 8 g/t Au, while Hole CL10-11 returned a five (5) metre
section grading 2.3 g/t Au. Hole CL10-12 also tested the historical
Flintrock showing and returned a one (1) metre intersection grading 24
g/t Au.
The program was successful in identifying numerous gold zones on the
property and provided considerable geological information. Although no
thick zones of mineralization were intersected in this program, the
structural data obtained from this program is now being used to
re-interpret the Mantis Zone and determine its probable orientation.
Owing to the widespread occurrences of gold, and a reinterpretation of
the Mantis Zone, the Company is now considering a second-phase program
once a full evaluation of the results has been completed.
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