Solid foundations. New horizons.
Message: denver sorry about small font
Address
2 Toronto Street, Suite 306
Toronto, ON M5C 2B6
Canada
Value Drivers
• New multi-million ounce gold
discovery situated within 1 km of
well-developed infrastructure
• Over 5.8 million ounces of gold
delineated within one year of
discovery
• Deposit still open for expansion in all
directions
• New, unexplored belt with significant
exploration upside along trend
• Initial metallurgical test results
indicate recoveries of up to 92.6%
Au
Management
Chairman:
Patrick Reid
CEO/President/MD:
David Palmer
CFO:
Carmelo Marrelli
Other Key Staff:
Dennis
Peterson,
Director
John Gammon,
Director
Gordon
McCreary,
Director
IR Contact
Karen Willoughby
416-777-6703
kwilloughby@probemines.com
www.probemines.com
Cautionary Information
© Copyright 2012, Denver Gold Group
& Probe Mines Limited
Although every care has been taken to ensure that
this data is accurate, Denver Gold Group cannot
accept responsibility for sourcing variances,
mistakes, errors or omissions or for any action
taken in reliance thereon. Use of this data is
governed by Denver Gold Group's Terms of Use.
Probe Mines Limited
Toronto Venture Exchange : PRB
Last Updated: August 27, 2012
Information is qualified - read footnotes
Status:
Explorer
Primary Mineral:
Gold
Secondary Mineral:
Chromium
Primary Country of Operation:
Canada
Probe Mines is a well-funded explorer focused on its Borden Lake Project, a new multi-million
ounce gold discovery in Ontario, Canada. Fast approaching development stage, it is located near
Chapleau, Ontario, within 1km of a major highway and close to well-developed infrastructure.
Borden Lake represents a surface gold discovery, identified over an area that is 2,100m long by up
to 200m wide with depths of up to 450m. The gold zone is characterized by a persistent
higher-grade core surrounded by lower-grade mineralization and is ideally oriented for open-pit
design.
An updated NI 43-101 Resource Estimate was released in April 2012. Significant improvement was
achieved with a Global Resource of 5.8 million oz @ 0.7 g/t Au; including the delineation of a
discernible higher-grade core that could provide achievable, alternative development scenarios less
sensitive to the parameters affecting most low-grade bulk tonnage deposits. Initial metallurgical
tests indicate recoveries of up to 92.6% Au; phase II is underway.
The PEA which is anticipated in H2 2012 and the PFS in H1 2013, are expected to have significant
impact on the advancement of the project.
Other Markets Traded On
PROBF:US
Top Shareholders
• Macquarie
• Sprott
• n/a
• n/a
• n/a
Capital Structure
Common Shares Outstanding:
64,747,922
Float (%):
100
Warrants Outstanding:
10,791,811
Restricted Stock Units:
0
Convertible Debentures:
0
Options Outstanding:
6,010,766
Fully Diluted Shares:
81,550,499
Stock as of September 11, 2012
Local: CAD USD
Stock Price:
1.17 1.20
52-Week Range:
0.9000 - 2.8500 0.92 - 2.93
Market Cap:
76 MM 78 MM
Fully Diluted Market Cap:
95 MM 98 MM
1-Year Return:
-29.09%
Average Volume (30 Day):
98,002
Notes
Please note that the 2012 numbers are actual, not forecast. There was not an option for actual for 2012
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