Probe Mines starts McFauld's West fieldwork
posted on
Jan 30, 2008 02:39AM
Wednesday January 30 2008 - News Release
Dr. David Palmer reports
PROBE MINES COMMENCES FIELDWORK ON ITS MCFAULD'S WEST PROJECT, JAMES BAY LOWLANDS, ONTARIO
Fieldwork has commenced on Probe Mines Ltd.'s 100-per-cent-owned McFauld's West project, located immediately north of Noront Resources' high-grade nickel-copper-platinum group element discovery in the McFauld's Lake area. Fieldwork will consist of grid establishment followed by a ground geophysical survey employing Insight Geophysics' deep-penetrating resistivity/induced polarization system. The Insight survey will have an effective depth penetration of up to 400 metres, and will cover two priority magnetic anomalies identified on Probe's claims.
One of these magnetic targets has a coincident nickel-copper-cobalt-silver-gold soil geochemical anomaly recently delineated by Probe. The soil geochemical survey returned a consistent anomalous profile of base and precious metal response ratios of up to 9.1, 36, 18 and 14.5 times background, for nickel, copper, silver, cobalt respectively, while gold consistently showed values of four times background. The mobile metal ion technique employed for the analysis considers values of two anomalous and values of five significantly anomalous.
The program is expected to be completed in February and is designed to identify zones of anomalous conductivity and/or polarization for the upcoming winter drill program. The geophysical survey will be read as an initial gradient survey, which will be used to identify areas for the deep-penetrating Insight sections. The Insight technique uses a proprietary IP array providing high-density readings and better resolution of the IP/resistivity signature than traditional surveys. This will allow more accurate target location for the drilling program.
Owing to the presence of coincident magnetic and geochemical anomalies, management believes this ground geophysical program will be effective in evaluating the potential of the property to host magmatic massive sulphide mineralization (and/or disseminated mineralization) similar to that discovered by Noront Resources.
The McFauld's area is receiving considerable attention with the continuing reports of high-grade nickel-copper-PGE mineralization on Noront Resources' Eagle One property. The most recent drilling intersection returned the highest grade material to date averaging 6.25 per cent nickel, 2.75 per cent copper, 1.85 grams per tonne platinum, 10.23 g/t palladium, 3.0 g/t gold and 10.3 g/t silver over 46.6 metres. Located only 450 metres from the Eagle One zone, management is encouraged by the proximity of the McFauld's West property to this significant discovery and believes there is a strong potential for the property to also host mineralization.