Re: ..Puma, skarn deposit
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Oct 17, 2012 11:41AM
Discovery and development of precious metals - New Brunswick & Manitoba
PRESS RELEASE
Purchase of three lots over the former Shaft Mine at the Nicholas-Denys Project
Rimouski, February 10, 2009 – Exploration Puma (PUM-TSXV) 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 Haché 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 Haché 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 Haché lenses at a vertical depth of 250
metres. The holes also confirmed the surface extension of the Haché 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.
Read more at http://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=31666578&l=0&r=0&s=pum&t=LIST#4MJ2I6ucxk6UXWpr.99