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Message: Peter Koven from Financial Post apparently noticed Probe's news
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Peter Koven from Financial Post apparently noticed Probe's news

posted on Jan 14, 2008 03:32PM

I don't know if this will make the paper tomorrow or not - if it does, look out!!! 

Interesting find at McFauld's Lake
Posted: January 14, 2008, 1:00 PM by Peter Koven
Mining
The whole mining world got excited last year when an old junior called Noront Resources Ltd. made an amazing high-grade nickel-copper discovery at the McFauld's Lake camp in Northern Ontario. A bunch of other juniors started staking out all the land they could find, and McFauld's looked like it could be the next big Canadian area play. But the stocks have lagged lately as investors wait to see how big the discovery actually is and whether any of the other juniors find something significant.


One of those juniors is Probe Mines Ltd., and the Toronto-based company got investors excited on Monday when it said a soil sampling program at McFauld's identified "significant" anomalies in nickel, copper, cobalt, and silver. The samples came from a 350-metre space about one kilometre northwest of Noront's big find.

Probe shares shot up 40% in morning trading, and the company noted the property will be a "focus for exploration" in 2008. No kidding.

Peter Koven

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