Probe Mines identifies anomalies at McFauld's West

Shares of Probe Mines (PRB-V) on the TSX Venture Exchange shot up 40% in mid-day trading today on news that the company had found anomalies in nickel, copper, cobalt, and silver, as well as anomalous values in gold, at its McFauld's West project.

Samples taken from one of two magnetic anomalies on the property indicated highly anomalous values for nickel, copper, silver and cobalt with response ratios of up to 9.1, 36, 18, and 14.5 times background, respectively, within a 200-metre section of the profile. Gold consistently showed values of 4 times background.

The samples, made up of eight soil samples in a 350-metre-long profile, were taken about 1 km northwest of Noront Resources's (NOT-V) high-grade nickel-copper-platinum group element discovery known as the "Ring of Fire" project.

"We've got some very significant results—much higher than I expected—in the base and precious metals," says David Palmer, president of Probe Mines. "They're very, very good results. They were very high in nickel, copper, cobalt and silver and the data itself was very consistent between samples."

Palmer notes that it was "really encouraging" to see not only the significant level of anomalies but that the geochemical data had an internal consistency and that "the elements seem to be travelling together, probably from a unique source."

In some soil surveys you can get a high nickel result in one sample and in another sample a high copper or other metal result, he explains. But in Probe's current samples, "when we get high nickel, we get high copper, and high cobalt."

Says Palmer: "It's indicative of a unique source that carries all those metals and it suggests sulphide mineralization in the host rock. It's something that we will follow up with ground geophysics and drilling."

Probe has 931 claims covering nearly 150 sq. km, including its 100% interest in the McFauld's West project. The McFauld's West project is made up of 12 claims on 1.9 sq. km, less than 450 metres from Noront's new nickel-copper discovery.