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Probe Mines Ltd
Symbol PRB
Shares Issued 56,615,080
Close 2011-08-08 C$ 1.40
Market Cap C$ 79,261,112
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Probe Mines hires SGS for Borden metallurgical studies

2011-08-09 08:17 ET - News Release

Mr. David Palmer reports

PROBE MINES COMMENCES METALLURGICAL TESTWORK AT BORDEN LAKE

Probe Mines Ltd. has contracted SGS Mineral Services to begin metallurgical scoping studies on its Borden Lake gold discovery, near Chapleau, Ont. The company has drilled a twin hole to BL10-10, on the discovery section, which has been submitted and will be used for the metallurgical tests. The scoping study will focus on the geochemical and mineralogical characteristics of the gold mineralization, as well as testing for the recoverability of gold through gravity, flotation and cyanidation tests. Two sample populations will be examined in the scoping metallurgical work, represented by the higher grade core zone of the mineralization and the lower grade envelope.

The metallurgical scoping testwork will provide a detailed mineralogical analysis of the ore zone and evaluate the recoverability and beneficiation requirements of the mineralized zone. This information will form an instrumental part of any future evaluation of the economic potential of the Borden Lake deposit. The scoping study is expected to take approximately 12 weeks to complete. Results will be announced as soon as they are received and evaluated.

The Borden Lake gold zone is a significant new gold discovery in Ontario hosted by unexplored Timiskaming-age metasediments near Chapleau, Ont., approximately 160 kilometres southwest of Timmins, Ont. Timiskaming-age sediments often show a spatial association with large-scale Archean lode gold deposits such as those found in the Timmins, Kirkland Lake, Hemlo and Red Lake gold camps. The Borden Lake mineralization comprises thick (up to 200-metre-wide) zones of gold-bearing sulphides which have been identified over a strike length of 1,700 metres and to vertical depths of up to 340 metres. The discovery is situated less than one kilometre from Highway 101, 10 minutes from major rail lines and 15 minutes from well-developed local infrastructure. The company is currently in the process of having an NI 43-101-compliant resource estimate calculated for the deposit, which is expected to be finished by the end of August.

The metallurgical scoping study will be conducted from SGS Mineral Services' laboratory in Vancouver, B.C. SGS is one of the world's leading inspection, verification, testing and certification companies. SGS Mineral Services provides quality and quantity inspection and testing for a wide range of commodities.

David Palmer, PhD, PGeo, is the qualified person for all technical information in this release.

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