http://www.probemines.com/s/Borden_Lake.asp?ReportID=403793).

Summary of the drill holes



DDH BL10-01



Drillhole BL10-01 was stopped at 38m, before intersecting the gold zone, due to concerns over drill placement and drillhole orientation. In light of the assay results, Hole BL10-01 will be re-drilled in the second phase program to identify the hangingwall contact of the mineralization on this section.



DDH BL10-02



Drillhole BL10-02 was drilled in a northeast direction, on the same section as holes BL10-01, -03 and -04 and intersected the mineralized zone through its entire 128 metre length.



DDH BL10-03



This hole was drilled from the same setup as BL10-02, but at a shallower angle and intersected the gold mineralized zone over its entire length of 92 metres.



DDH BL10-04



This hole was also drilled from the same setup as BL10-02 but drilled to the southwest, the opposite direction to BL10-02, in order to identify the southwesterly limits of the mineralized zone. The hole remained in mineralization to its end at 95 metres depth, and failed to identify the full width of the mineralized zone. The combined plan-view length of holes BL10-02 and BL10-04 is 133 metres with both remaining in mineralization for their entire widths.



DDH BL10-05



Hole 5 was drilled approximately 60 metres southeast along strike from holes 2, 3 and 4 and was drilled in a southwest direction. The hole remained in the mineralized zone through its entire length of 97 metres.



DDH BL10-06



Hole 6 was drilled in a southwest direction along the same section and approximately 60 metres northeast of Hole 5. The hole appears to have gone through mostly barren country rock before intersecting the upper (hanging wall) contact of the gold zone at 58.6 metres depth. The hole remained in the mineralized zone from 58.6 metres to its end at 134 metres.



DDH BL10-07



Hole 7 was drilled approximately 250 metres southeast along strike of Hole BL10-02. Sulphide mineralization with anomalous gold values (0.2 g/t - 0.4 g/t Au) occurs from surface to approximately 34m depth, and increases significantly in grade to 58m averaging 1.2 g/t Au over the 23 metre interval. The mineralized zone is interrupted between 58 metres and 92 metres by a diabase dyke, then continues to the end of the hole at 101 metres while still in mineralization.



DDH BL10-08



Hole 8 was drilled on a parallel structure to the discovery zone and intersected a 0.7 metre-wide quartz vein that returned an assay of 2.4 g/t Au.


The gold discovery was made within one kilometre of Highway 101, which links the towns of Chapleau and Timmins, and is approximately 15 kilometres from well-developed infrastructure in the Town of Chapleau itself. The Chapleau area has seen historic gold exploration and development activity, however, no significant work has been done in the Borden Lake area and the zone represents a significant new gold discovery in a previously unexplored area.


The Company is currently reviewing all of its exploration results for the property and organizing a follow-up drilling program to further test the horizon. The initial focus of the drilling will be to determine the full width of the zone followed by further testing along strike and at depth. The Company will begin the second-phase drilling as soon as a drill is available. In addition to drilling, the Company is also planning further airborne and ground geophysical surveys on the rest of the property, with an initial focus on untested airborne targets already identified from the first VTEM program. Drill testing of satellite targets will begin once ground geophysical results have been received.


Dr. David Palmer, President of Probe states "to say we are encouraged by the results of the drilling would be an understatement. For a first phase program, located only one kilometre from a major highway, to identify potentially economic gold grades starting at surface and extending over significant thicknesses with all holes ending in mineralization is exceptional. Although this is only the first program on Borden Lake, the results indicate that the discovery has the potential of hosting a significant gold resource and we will be focused on evaluating this potential."


Probe has the right to earn a 100% interest in the Borden Lake property by making cash and share payments over a three year period.