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Probe Mines Announces Additional Assay Results for Its Borden Lake Gold Project: Infill Drilling Returns up to 111 Metres Grading 1.1 g/t Au; Exploration Drilling Update
TORONTO, ONTARIO--(Marketwire - Jan. 30, 2012) - Probe Mines Limited (TSX VENTURE:PRB) ("Probe" or the "Company") is pleased to announce that it has received further assays from its ongoing drilling program at the Company's Borden Lake Gold Project near Chapleau, Ontario. Results for diamond drill holes BL11-115 to BL11-122 were received with intersections of up to 111 metres averaging 1.1 g/t gold ("Au") in the infill drilling. Results are also announced for the first six exploration holes testing targets along-trend of the Borden Lake Zone in the area of the fold hinge. Holes BN11-01 to BN11-06 returned intervals of up to 13 metres averaging 0.5 g/t Au, with individual samples of up to 3.2 g/t Au.

Borden Lake Zone

Drilling results confirm the continuity of the mineralized zone within the previously announced Initial Resource Estimate and are also successfully extending the deposit to depth. Hole BL11-121 identified higher grade mineralization down to a vertical depth of approximately 306 metres, including a 50 metre-wide interval averaging 1.9 g/t Au, while hole BL11-119 identified gold mineralization down to a vertical depth of approximately 416 metres, the deepest intersection to date on the Borden Lake Zone. Hole BL11-115 was stopped while entering a higher-grade mineralized zone at approximately 400 metres depth and will have to be lengthened or re-drilled. Updated plans and sections will be available on the Company's website at www.probemines.com. Highlights of the current results are presented in the following table. Drill widths represent approximate true widths for all holes:
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