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Discuss the various junior resource companies within the McFaulds Lake Area

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Message: Noront

I think a lot of people in these forums misinterpret the size of Probe's claims because they are so focused on the immediate area of Noront's strike zone.

Probe has almost 15,000 hectares in the McFauld's area. Granted the immediate claims around Noront's strike zone consist of only 192 hectares (still a very large site that could certainly host a mine), but it is a very key 192 hectares. The recent MMI results are giving very strong indications of a large mineral body existing below the surface. Dr. Palmer could be going up there as soon as this weekend to start the line-cutting program.

Tamarack is going to be drilled first (5-10 holes to be drilled in the next few weeks) and is comprised of 5800 hectares. It was already been drilled in September, 2005. The discovery hole, M6, intersected a 7.8 metre section of chalcopyrite-rich VMS mineralization grading 3.1% copper in the A-zone, starting at a vertical depth of 50 metres. Drill hole M7, collared 50 metres west and down dip from M6, intersected the A-zone at 97 metres vertical depth and returned 2.4% copper over 6.0 metres. Both intercepts also returned anomalous concentrations of zinc, gold and silver.

In late 2005, Probe conducted a ground-based InfiniTEM geophysical survey on the Tamarack project, centred over the A-zone. Results indicate the A-zone has a strike length of at least 500 metres. In addition, two high-priority targets have been delineated 600 metres to the south and 1200 metres to the north of the A-zone. These new targets comprise bedrock conductors coincident with strong magnetic anomalies. The southern anomaly consists of a 400 metre long horizon displaying stronger conductivity than the A-zone, while the northern zone extends for over 600 metres in length. The two new anomalies lie within the same stratigraphic horizon as the A zone, indicating potential for similar style VMS mineralization.

The Victory Project has over 7800 hectares with over 34 EM targets already identified and will be drilled in late spring.

That is a good size position.

I am still long NOT and BMK and just picked up a few shares in FNC, but PRB is looking more and more interesting everyday.


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