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Toronto, December 9, 2014 — PROBE MINES LIMITED (TSX-V: PRB) (“Probe” or the “Company”) is very pleased to announce that President and CEO, Dr. David Palmer, has been named the recipient of the Prospectors & Developers Association of Canada (PDAC) Bill Dennis Award for a Canadian mineral discovery or prospecting success for 2015. Dr. Palmer is receiving this award for the Company’s Borden Gold discovery located near Chapleau, Ontario. The award will be presented at the PDAC’s awards evening on Monday, March 2, 2015 during the PDAC 2015 Convention in Toronto. The annual awards honour six industry leaders for their achievements in the mineral exploration and mining sector for domestic and international mineral discovery, mine development, Aboriginal achievement, environmental and social responsibility, and distinguished service.
“This prestigious award is shared by every member of the Probe team,” said David Palmer, President and CEO of Probe Mines. “From our technical team that has continued to advance and improve this deposit in the four years since its discovery, to the prospectors who brought us the property, Mike Tremblay and Jack Robert; Brian Atkinson, former OGS Regional Resident Geologist (Timmins); our Board of Directors; management and support teams; consultants and the First Nations and Chapleau communities — none of this would have been possible without them. On behalf of the entire Probe team, I would like to thank the PDAC for this incredible honour. As discoveries become scarcer, Borden exemplifies the importance of grass roots exploration and the potential that still exists within Canada to find high-quality and relevant deposits.”
Probe’s Chairman, Jamie Sokalsky, stated, “We are proud of the tremendous accomplishments of David and his team. While this has unquestionably been a group effort, it’s David’s determination that has taken the Borden Gold project from an exploration opportunity to an important new gold discovery. On behalf of the board, I would like to extend my thanks and congratulations to our President and CEO, Dr. David Palmer, on receiving the Bill Dennis Award.”
The Borden Gold Project is an exciting and important new gold discovery which continues to evolve, grow and improve with continued exploration. Located in a previously unexplored area of Ontario, Borden could potentially herald the beginning of a significant new gold district in Canada. The June 2014 technical report estimated a high-grade gold resource with potential for Underground extraction in the Borden Gold Project totaling: 1.60 million ounces of gold in the Indicated Resource category (9.3 million tonnes grading 5.39 grams of gold per tonne); 0.43 million ounces of gold in the Inferred Resource category (3 million tonnes grading 4.37 grams of gold per tonne) at a 2.5 g/t Au cut-off. Additionally, the project contains an open pit-constrained resource with 2.3 million ounces of gold in the Indicated Resource category (grading 1.03 grams per tonne) at a 0.5g/t Au cut-off. The deposit still remains open for expansion. For additional information on the Mineral Resource Update, please refer to the Company’s NI 43-101 technical report Mineral Resources Update Borden Gold Project dated June 10, 2014 which is available on SEDAR at www.SEDAR.com under the Company’s profile.
Yves Dessureault, Ph.D., P.Eng., is the Qualified Person for Probe Mines. The contents of this news release have been reviewed and approved by Independent Qualified Persons Walter Allan Dzick, P.Geo., of Snowden.
About Probe Mines:
Probe Mines Limited is a Canadian precious metals exploration company whose key asset is the Borden Gold project near Chapleau in Ontario, Canada. The Company is well-funded to continue advancing and growing a significant gold resource on its Borden Gold project. Probe controls a large land package along the Borden Belt representing over 400km2 of exploration ground. The Company also has a 100% interest in the Black Creek chromite deposit located in Northern Ontario.
On behalf of Probe Mines Limited,
Dr. David Palmer,
President & Chief Executive Officer
For further information, please contact:
Karen Willoughby, Director of Corporate Communications
Tel: (866) 936-6766
Email: [email protected]
Patrick Langlois, Vice President, Corporate Development
Tel: (416) 777-6703
Email: [email protected]
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