Puma Exploration Begins Drilling at Nicholas-Denys
(firmenpresse) - RIMOUSKI, QUEBEC -- (Marketwire) -- 04/10/12 -- Puma Exploration (TSX VENTURE: PUM) is pleased to annnouce that the summer exploration program at Nicholas-Denys has started and is ahead of schedule due to unexpected warmer spring weather conditions. Line cutting and wood cutting are completed and drilling site preparation is under way and the drill rig will be on site by the end of the week.
A drilling program will start with a first phase of 1000 meters to test the new targets at the Hache lens. The silver and gold oreshoot will be tested at depth in accordance with the new discovery model developed during the 2011 summer program as well as the surface lateral extensions towards the Henry East Lens. Previous drilling at Hache intercepted the gold and silver oreshoot down to a depth of 75 meters with grades of 477 g/t Ag and 1.9 g/t Au over 6.0 meters, 720 g/t Ag and 3.8 g/t Au over 8.4 meters and 265 g/t Ag and 1.0 g/t Au over 11.9 meters. Drilling will then be done on the Dante and the Henry East Lenses following the major stripping program.
Line cutting is complete from the Shaft lens to the Great Northern lens for a total strike length of 6.0 km. A total of 100 km of lines cover the 3 main structures hosting, so far, 16 silver and gold showings and deposits. A magnetic ground survey is underway over this new grid and should be completed shortly. This survey will be useful to identify new surface mineralization as well as the tranverse faults and structures which have a major role in the gold and silver enrichments at Nicholas-Denys.
Wood cutting has also been completed in the Dante Lens area (see press release 18/01/2012) to extend the stripping area for an additional 200 meters to the east and to the west and also over the Henry East Lens (see press release 06/02/2012) for an area of 650 meters long by 100 meters wide. A major stripping program will be completed on these areas to identify, locate and sample the thicker portion of the mineralized areas and then, the main gold and silver oreshoots will be drilled.
About Puma Exploration
Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The Company's major assets are the Nicholas-Denys Silver Project and Turgeon Copper Project in New Brunswick and the Little Stull Lake Gold Project in Manitoba. Puma is actually focusing its exploration efforts in New Brunswick, Canada, which has been ranked the best place in the world to conduct mining exploration by the 2012 Fraser Institute Survey. New players such as Trevali Mining Corporation which has initiated production at the Halfmile Mine and Votorantim and which is developing the Murray Brook Deposit are now very active in the area.
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The contents of this press release were prepared by Dominique Gagne, a Qualified Person as defined in NI 43-101. The samples were analyzed at the ALS Chemex laboratory in Val d'Or using the atomic absorption and ICP methods. 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.
Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Puma Exploration Inc. to be materially different from actual future results and achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. Except as required by law, Puma Exploration undertakes no obligation to publicly update or revise any forward-looking statements. These risks and uncertainties are described in the quarterly and annual reports and in the documents submitted to the securities administration.
Contacts:
Marcel Robillard, President
Puma Exploration
(418) 724-0901
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Toll free: (800) 321-8564
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Datum: 10.04.2012 - 12:53 Uhr
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News-ID 133319
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Mining & Metals
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