Probe Mines Continues to Intersect High-Grade Gold on Its Borden Gold Project, Ontario

Probe Mines Continues to Intersect High-Grade Gold on Its Borden Gold Project, 
Ontario 
Highlights: 
-- High-grade zone extended an additional 200 metres southeast and
showing improving grade with intercepts of 27.1 metres grading 6.4
g/t Au, including 9.2 metres averaging 11.1 g/t Au (Section 1800m
SE); and 39 metres grading 5.0 g/t Au, including 13.0 metres
averaging 11.2 g/t Au (Section 1900m SE);  
-- Step-out drilling from high-grade discovery section (1200m SE)
confirms continuity of high-grade zone with intersections of up to
26.1 metres grading 8.5 g/t Au, including 17.7 metres averaging 12.2
g/t Au; and 20.4 metres of 6.7 g/t Au, including 6.1 metres averaging
17.5 g/t Au (Section 1250m SE); 
-- Infill drilling in the northwest returns significant intersections
of shallow mineralization, including Hole BL13-409 (Section 950m NW),
which returned a 49-metre intersection averaging 1.8 g/t Au,
including 6.7 metres of 5.3 g/t Au, starting at a vertical depth of
120 metres. 
TORONTO, ONTARIO -- (Marketwired) -- 06/18/13 -- 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 Gold project near Chapleau, Ontario. Results
for 25 diamond drill holes, BL12-385 to BL13-409, were received and
were successful in identifying high-grade gold mineralization up to
700 metres along strike from the initial high-grade discovery on
Section 1200m SE; continued high-grade intercepts in the southeast
High-Grade Zone, including very high-grade intercepts on the new
step-out section 1250m SE; and expansion of the near surface
mineralization to the northwest. Results include the remaining five
holes from the winter ice drilling program on Borden Lake, which have
extended the high-grade gold zone an additional 200 metres in strike
length. Infill drilling also returned some important results
confirming the continuity of strong, near-surface mineralization in
the northwest on sections 900m and 950m NW.  
The deposit still remains open in both directions along strike.  
Results continue to confirm that, in addition to a dramatic
improvement in gold grades in the southeast extension of the deposit,
the high-grade zone also appears to extend over a significant strike
length with the potential for continued expansion. Owing to the new
scope of the mineralization, the Company is now re-classifying the
deposit as a more traditional high-grade, Archean lode gold system,
amenable to underground recovery, which is also bounded by
significant ancillary lower-grade mineralization, the latter ideally
suited to potential open pit mining techniques. 
High-Grade Zone  
Results from the high-grade gold zone continue to show thick
intersections of high-grade gold mineralization in both infill and
expansion drilling. The zone has now been identified over a potential
strike length of 700 metres and is still open to the southeast.  
Winter Drilling Program: 
The five remaining drill holes from the Winter drill program have
successfully extended the high-grade mineralization an additional 200
metres to the southeast on Sections 1800m and 1900m SE. Results from
the two new sections, 1800m SE and 1900m SE, show strong mineralized
intercepts that are thicker and higher grade than those previously
reported from Section 1700m SE, indicating a robust system with the
potential to continue well to the southeast.  
Intercepts include 27.1 metres grading 6.4 g/t Au, including 9.2
metres averaging 11.1 g/t Au in Hole BL13-402 on Section 1800m SE;
and 39 metres grading 5.0 g/t Au, including 13.0 metres averaging
11.2 g/t Au in Hole BL13-403 on Section 1900m SE. Drilling is now
focused on better delineating the high-grade gold zone in this area
in order to bring the mineralization into an upcoming NI
43-101-compliant Resource Update. 
The following table shows selected results from the expansion
drilling of the high-grade gold zone, with all intervals
approximating true width. Depths of the mineralized zones are between
255 and 431 metres vertical depth. Updated plan and section maps for
all holes are available on the Company's website at 
 http://www.probemines.com/s/Borden_Lake.asp?ReportID=585318&_Type=Bo
rden-Gold: 


 
                   High-Grade Zone Expansion Drill Results                  
----------------------------------------------------------------------------
                               From            To         Width           Au
DDH            Section          (m)           (m)           (m)        (g/t)
----------------------------------------------------------------------------
BL13-390      1700m SE        332.5         336.9           4.4          1.3
----------------------------------------------------------------------------
BL13-394      1800m SE          341           352          11.0          1.4
----------------------------------------------------------------------------
BL13-394      1800m SE          378         388.7          10.7          4.7
----------------------------------------------------------------------------
BL13-397      1900m SE          281         282.5           1.5          6.8
----------------------------------------------------------------------------
BL13-397      1900m SE          372         396.2          24.2          1.2
----------------------------------------------------------------------------
BL13-402      1800m SE          396         423.1          27.1          6.4
----------------------------------------------------------------------------
             including        401.9         411.1           9.2         11.1
----------------------------------------------------------------------------
BL13-403      1900m SE        297.1         299.6           2.5          1.8
----------------------------------------------------------------------------
BL13-403      1900m SE          394           433          39.0          5.0
----------------------------------------------------------------------------
             including          396           409          13.0         11.2
----------------------------------------------------------------------------
             including        402.1           409           6.9         15.7
----------------------------------------------------------------------------

 
High Grade Infill: 
Drill results are also available for the first step-out holes made
from the initial high-grade discovery on Section 1200m SE. As
expected, Section 1250m SE returned significant intervals of
high-grade gold mineralization including an impressive 26.1 metres
grading 8.5 g/t Au, including 17.7 metres averaging 12.0 g/t Au in
Hole BL13-399; and 20.4 metres of 6.7 g/t Au, including 6.1 metres
averaging 17.5 g/t Au within a broader interval of 36.3m averaging
4.2 g/t Au in Hole BL13-401. These first step-out holes confirm the
continuity of the high-grade zone, and in conjunction with the
expansion holes, indicate that the high-grade mineralization is
extensive and is quickly becoming a dominant feature of the deposit.  
The following table shows selected results from the infill drilling
of the high-grade zone on Section 1250m SE, with all intervals
approximating true width. Depths of the mineralized zones are between
252 and 343 metres vertical depth: 


 
                    High-Grade Zone Infill Drill Results                    
----------------------------------------------------------------------------
                               From            To         Width           Au
DDH            Section          (m)           (m)           (m)        (g/t)
----------------------------------------------------------------------------
BL13-399      1250m SE        307.1         333.2          26.1          8.5
----------------------------------------------------------------------------
             including        313.5         331.2          17.7         12.0
----------------------------------------------------------------------------
BL13-401      1250m SE          312         348.3          36.3          4.2
----------------------------------------------------------------------------
             including        327.9         348.3          20.4          6.7
----------------------------------------------------------------------------
             including        342.2         348.3           6.1         17.5
----------------------------------------------------------------------------
BL13-407      1250m SE          291         315.9          24.9          2.1
----------------------------------------------------------------------------
             including          307         315.9           8.9          3.5
----------------------------------------------------------------------------

 
Infill Drilling 
Infill drilling between Sections 950m NW and 1200m SE was successful
in further delineating the gold deposit, particularly for the shallow
(less than 200 metre vertical depth) mineralization. Results for
Sections 900m NW and 950m NW confirmed the continuity of the gold
zone between previous sections 1100m NW (winter program) and 800m NW,
and returned impressive intersections at shallow depths. Hole
BL13-409 (Section 950m NW) returned a 49-metre intersection averaging
1.8 g/t Au, including 6.7 metres of 5.3 g/t Au, starting at a
vertical depth of 120 metres, while Hole BL13-400 (Section 900m NW)
returned a 10 metre wide intercept of 1.5 g/t Au starting at only 74
metres vertical depth. These results indicate that the deposit
continues to show robust shallow mineralization at its northwest end
in the area of the potential open pit operations. Gold mineralization
still remains open in the northwest direction. 
The following table shows selected results from the infill drilling,
with all intervals approximating true width. Depths of the
mineralized zones are between 60 and 413 metres vertical depth: 


 
                            Infill Drill Results                            
----------------------------------------------------------------------------
                               From            To         Width           Au
DDH            Section          (m)           (m)           (m)        (g/t)
----------------------------------------------------------------------------
BL13-385       900m NW           85            95          10.0          0.9
----------------------------------------------------------------------------
BL13-385       900m NW          159           162           3.0          1.2
----------------------------------------------------------------------------
BL13-386      1150m SE        214.8           220           5.2          1.3
----------------------------------------------------------------------------
BL13-387       850m SE        314.4         328.5          14.1          1.1
----------------------------------------------------------------------------
BL13-387       850m SE        331.5         339.1           7.6          1.0
----------------------------------------------------------------------------
BL13-387       850m SE          371         392.7          21.7          1.1
----------------------------------------------------------------------------
             including          371           375           4.0          2.9
----------------------------------------------------------------------------
BL13-388       600m NW           86            90           4.0          1.2
----------------------------------------------------------------------------
BL13-389       650m NW          NSA                                         
----------------------------------------------------------------------------
BL13-391       850m SE        341.6         347.5           5.9          2.8
----------------------------------------------------------------------------
BL13-391       850m SE        380.5         395.6          15.1          1.2
----------------------------------------------------------------------------
             including        380.5         386.5           6.0          1.8
----------------------------------------------------------------------------
BL13-392      1050m SE         93.3          98.5           5.2          1.2
----------------------------------------------------------------------------
BL13-392      1050m SE          186         195.6           9.6          1.2
----------------------------------------------------------------------------
BL13-393      1050m SE          216           225           9.0          1.1
----------------------------------------------------------------------------
BL13-393      1050m SE          232         235.9           3.9          1.7
----------------------------------------------------------------------------
BL13-395       900m SE        319.6           328           8.4          2.4
----------------------------------------------------------------------------
BL13-395       900m SE          348           365          17.0          1.4
----------------------------------------------------------------------------
BL13-396       950m SE          185         190.6           5.6          1.7
----------------------------------------------------------------------------
BL13-396       950m SE          221         222.1           1.1          8.7
----------------------------------------------------------------------------
BL13-398       950m SE          196         235.7          39.7          1.1
----------------------------------------------------------------------------
             including          218         224.5           6.5          2.0
----------------------------------------------------------------------------
BL13-400       900m NW           85            95          10.0          1.5
----------------------------------------------------------------------------
BL13-404       900m NW          146           155           9.0          0.9
----------------------------------------------------------------------------
BL13-404       900m NW          161           169           8.0          0.9
----------------------------------------------------------------------------
BL13-405       950m NW           87         103.4          16.4          1.4
----------------------------------------------------------------------------
BL13-406      1200m SE        404.8           415          10.2          1.1
----------------------------------------------------------------------------
BL13-408       950m NW        117.5           124           6.5          1.1
----------------------------------------------------------------------------
BL13-409       950m NW          122           171          49.0          1.8
----------------------------------------------------------------------------
             including          122         129.6           7.6          2.6
----------------------------------------------------------------------------
                  also                                                      
             including          162         168.7           6.7          5.3
----------------------------------------------------------------------------

 
Dr. David Palmer, President and CEO of Probe, states, "Once again the
new drill results highlight the improving quality of the Borden Gold
deposit. Owing to these encouraging results our focus has now shifted
entirely to the high-grade gold zone, with all four drills mobilized
to the southeast to begin work on expansion and infill drilling. Our
goal is to include as much of the new high-grade gold mineralization
into an updated NI 43-101 Resource Estimate later this year. The
evolution of this deposit has been remarkable, going from a
grass-roots discovery to a continuous gold horizon over three
kilometers in strike length, in under 3 years, and we see much more
potential ahead as we continue our technical program." 
Probe has instituted a strict quality assurance and quality control
("QA-QC") program for the Borden Gold drill core sampling, with each
fire assay furnace batch of 40 samples including two certified
reference materials (standards), one blank sample and one core
duplicate sample. Quality control guidelines and ongoing QAQC
monitoring are being carried out by Probe personnel. 
About Probe Mines:  
Probe Mines Limited is a Canadian precious metals exploration company
whose key asset is the Borden Gold Zone in Ontario, Canada. As of
January 31, 2013, the Company had approximately $32 million in
treasury and a portfolio of highly prospective mineral properties. In
May 2013, the Company closed a private placement of $15 million. As a
result of the financing, Agnico Eagle Mines Limited now owns 9.9% of
the Company on a non-diluted basis. The Company is actively exploring
a significant new gold resource on its Borden Gold Zone near
Chapleau, Ontario and has 100% interest in the Black Creek chromite
deposit located in Northern Ontario. The Company's shares trade on
the TSX Venture Exchange under the symbol PRB. 
David Palmer, Ph.D., P.Geo., is the qualified person for all
technical information in this release. To find out more about Probe
Mines Limited, visit our website at www.probemines.com. 
On behalf of Probe Mines Limited, 
Dr. David Palmer, President & Chief Executive Officer 
Forward-Looking Statements  
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
This News Release includes certain "forward-looking statements".
These statements are based on information currently available to the
Company and the Company provides no assurance that actual results
will meet management's expectations. Forward-looking statements
include estimates and statements that describe the Company's future
plans, objectives or goals, including words to the effect that the
Company or management expects a stated condition or result to occur.
Forward-looking statements may be identified by such terms as
"believes", "anticipates", "expects", "estimates", "may", "could",
"would", "will", or "plan". Since forward-looking statements are
based on assumptions and address future events and conditions, by
their very nature they involve inherent risks and uncertainties.
Actual results relating to, among other things, results of
exploration, project development, reclamation and capital costs of
the Company's mineral properties, and the Company's financial
condition and prospects, could differ materially from those currently
anticipated in such statements for many reasons such as: changes in
general economic conditions and conditions in the financial markets;
changes in demand and prices for minerals; litigation, legislative,
environmental and other judicial, regulatory, political and
competitive developments; technological and operational difficulties
encountered in connection with the activities of the Company; and
other matters discussed in this news release. This list is not
exhaustive of the factors that may affect any of the Company's
forward-looking statements. These and other factors should be
considered carefully and readers should not place undue reliance on
the Company's forward-looking statements. The Company does not
undertake to update any forward-looking statement that may be made
from time to time by the Company or on its behalf, except in
accordance with applicable securities laws.
Contacts:
Probe Mines Limited
Karen Willoughby
Director of Corporate Communications
(866) 936-6766
info@probemines.com 
Probe Mines Limited
Patrick Langlois
Vice President, Corporate Development
(416) 777-6703
patrick@probemines.com
www.probemines.com
 
 
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