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Sorry people, I cannot seem to find anything on Probe, regarding eagle one, other than what is below. My apologies. Someone does have a 1% NSR on two NOT claims in the ROF, but I can't find out where they are.
Yet. Still looking...
strato-error
Probe Mines Limited (PRB - TSX Venture), is pleased to announce that an agreement in principle has been reached with Noront Resources Ltd. (Noront) to option the Double Eagle project in the McFauld's Lake area of Northern Ontario. Probe has the right to earn 50% of the Double Eagle project by incurring expenditures of $2,000,000 by September 1, 2007, $750,000 of which must be spent prior to June 30, 2006, and issuing 300,000 common shares of Probe Mines upon signing of the agreement and 200,000 common shares on the first anniversary, subject to regulatory approval.
The Double Eagle project comprises 533 claims within the Sachigo Volcanic Belt, along strike of, and proximal to, at least nine volcanogenic massive sulphide (VMS) discoveries, including Probe's recent intersection of 7.8 meters of high-grade copper mineralization at McFauld's Lake. Optioning of the Double Eagle project now allows Probe access to 1,365 claims in the belt covering over 21,000 hectares of volcanic stratigraphy, including the Company's 100% owned McFauld's Lake and Victory projects. This represents the second largest land position for a single company in the area.
Several geophysical surveys have been conducted over the Double Eagle project; these surveys have identified numerous conductors characteristic of VMS-type mineralization, which have yet to be drill-tested. Exploration programs currently being planned by Probe for the Double Eagle project will run in conjunction with an extensive drill program already announced for the McFauld's Lake project in the New Year.
David Palmer, President of Probe Mines, states "The agreement with Noront now puts Probe in a very strong position in the McFauld's Lake area and greatly enhances our exploration potential. The Double Eagle project represents a turnkey exploration property with a significant number of drill-ready targets. We are looking forward to applying our experience in the belt to this new property, and building on our success at McFauld's Lake".
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