Just got back to my computer to see how we ended up today. Oh well lots to come. I found it interesting that this news release was attached to my Probes, Global Investors profile.

UPDATE 1-Probe Mines buys more property on Borden Lake, shares up

12:31 EST Thursday, March 03, 2011

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March 3 (Reuters) - Canada's Probe Mines Ltd said it acquired additional property on its Borden Lake project in Ontario, sending its shares up 9 percent.

The base and precious metal explorer has entered into an option agreement to acquire a controlling interest in the property's mineral rights by making cumulative cash payments of C$20,000 and issuing 45,000 shares to the vendors over three years.

"This acquisition will now allow us to concentrate more energy on the exploration of our holdings at Borden Lake," said David Palmer, president of Probe Mines.

Borden Lake gold project is a new gold discovery in a previously unexplored area located within one kilometre of a major highway.

Shares of Probe Mines -- which also has an interest in the grassroots Cree Lake gold project near Timmins, Ontario -- were up 8 Canadian cents at C$1.72 on Thursday afternoon on the Toronto Venture Exchange. They touched a high of C$1.79 earlier in the session. (Reporting by Bhaswati Mukhopadhyay in Bangalore; Editing by Sriraj Kalluvila)

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