Puma buys extra property at Nicholas-Denys project

2011-06-27 08:54 ET - News Release

Mr. Marcel Robillard reports

PUMA EXPLORATION PURCHASES MORE LAND AT NICHOLAS-DENYS SILVER PROJECT, NEW BRUNSWICK

Puma Exploration Inc. has purchased an additional private property contiguous to the site of the former mine facilities at its Nicholas-Denys silver project in New Brunswick. The company has acquired the private lot with a total area of 7.4 hectares to secure road access from the national highway to the main Shaft and Hache deposits.

With this acquisition, Puma becomes the sole owner of 22 hectares of surface rights and will be able to build the necessary infrastructure to develop the mineralized lenses when needed and without delays. This new acquisition ties Puma's previously held private properties that cover the Shaft and Hache lenses to Crown land.

Current work at Nicholas-Denys

Puma Exploration has launched its summer exploration program at Nicholas-Denys and a major trenching and stripping program is under way. The first target to be tested is a coincident geophysical (InfiniTEM and IP) and geochemical Ag-Pb-Zn soil anomaly over a strike length of 3.1 kilometres. The other targets include a total of 12 geophysical anomalies that were identified from the InfiniTEM 2010 ground survey (EM-01 to EM-12) and covered 3.5 km of favourable structural features from the Shaft to Henry lenses. Most of these geophysical anomalies are associated with surface soil geochemical Ag-Pb-Zn anomalies. Samples have been sent to the laboratory to be analyzed for precious and base metals, and the results are pending.

About Nicholas-Denys

The Nicholas-Denys property is located only 20 kilometres north of Bathurst and is part of the Bathurst mining camp of Northern New Brunswick. The property is accessible by road all year-round and is intersected by a power line. The Nicholas-Denys property is 6,750 hectares and is part of Puma's 10,476-hectare holdings which include the Turgeon copper deposit.

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