On Track for a New Mine
Discovery and development of precious metals - New Brunswick & Manitoba
Message: Purchase of Three Lots Over the Former Shaft Mine at the Nicholas-Denys Project
| February 10, 2009 |
| Puma Exploration Inc.: Purchase of Three Lots Over the Former Shaft Mine at the Nicholas-Denys Project |
| RIMOUSKI, QUEBEC--(Marketwire - Feb. 10, 2009) - Exploration Puma (TSX VENTURE:PUM) has just bought the three private properties covering the site of the former mine facilities at its Nicholas-Denys project in New Brunswick. In fact, the Company has acquired three private lots with a total area of 14.6 hectares which also include the Shaft lens and the northern portion of the Hache lens. With this acquisition Puma becomes the sole owner of the surface rights and will be able to construct the necessary infrastructure to develop the mineralized lenses in the near term and at reduced cost. In addition, the Company is repairing 2.1 km of the access road to allow heavy trucks to travel from the main Nicholas-Denys road, which connects the Nicholas-Denys property to Highway No. 11. Following this work, the Company moved the drill core to the site so as to concentrate its operations directly on the property during 2009. 2008 Program In 2008, Exploration Puma drilled 84 holes in the vicinity of the Shaft and Hache lenses, for a total advance of 19,504 metres. These holes led to the discovery of five new lenses containing Ag-Pb-Zn mineralization, including one lens that connects the Shaft and Hache lenses at a vertical depth of 250 metres. The holes also confirmed the surface extension of the Hache lens over more than 200 metres, which represents a doubling of the length of lens used in the resource calculation released in February 2008. It should be noted that the resource calculation was performed before the discovery of these new mineralized lenses. Regarding Puma Exploration Puma is concentrating its exploration activities in New Brunswick on its Nicholas-Denys mineral property, located near Bathurst. The Company believes it is in a position to define enough ore to start a mining operation with a target resource of three to five million tonnes. The contents of this press release were prepared by Geologist Marcel Robillard, a Qualified Person as defined in NI 43-101. The TSX Venture Stock Exchange disclaims any responsibility for the veracity and accuracy of this release. |
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