Press
Release
596 g/t Ag, 4.3% Zn, 3.3% Pb, and 1.6 g/t Au over 7.6 metres on surface at
Nicholas-Denys
Rimouski,
October 30, 2007 – Recent work by Puma Exploration (PUM-TSXV) on the
Nicholas-Denys property, in New Brunswick, includes systematic channel sampling
of surface mineralization on the Hach� Lens (16 channels totalling 325 line
metres). The Company has just received the results from the first four (4)
channels.
All the
channels intersected the mineralized zone on surface, over lengths ranging from
7.6 to 15.0 metres,
with high silver and gold grades that range from 143 to 596 g/t Ag and from 0.8
to1.6 g/t Au. Notably, Channel R07-17, located in the centre of the Hach� Lens,
gave 596 g/t Ag, 4.3% Zn, 3.3% Pb, and 1.6 g/t Au over a length of 7.6 metres.
Mineralized sections from channel sampling on the
Hach� Lens
|
Channel
|
From
|
To
|
Length
|
Ag
|
Zn
|
Pb
|
Au
|
|
|
(m)
|
(m)
|
(m)
|
(g/t)
|
(%)
|
(%)
|
(g/t)
|
|
|
|
|
|
|
|
|
|
|
R07-15
|
0.0
|
9.2
|
9.2
|
179
|
0.7
|
0.7
|
0.82
|
|
including
|
2.5
|
8.8
|
6.3
|
210
|
0.9
|
0.9
|
1.04
|
|
including
|
2.5
|
5.5
|
3.0
|
282
|
1.0
|
1.2
|
1.46
|
|
|
|
|
|
|
|
|
|
|
R07-17
|
0.7
|
8.3
|
7.6
|
596
|
4.3
|
3.3
|
1.58
|
|
including
|
1.6
|
7.7
|
6.1
|
738
|
5.3
|
4.1
|
1.90
|
|
including
|
4.2
|
7.7
|
3.5
|
1263
|
8.8
|
7.0
|
2.94
|
|
|
|
|
|
|
|
|
|
|
R07-18
|
15.7
|
23.4
|
7.7
|
143
|
0.3
|
0.6
|
0.84
|
|
including
|
16.7
|
21.0
|
4.3
|
217
|
0.2
|
1.1
|
1.19
|
|
including
|
16.7
|
18.8
|
2.1
|
372
|
0.2
|
1.9
|
2.02
|
|
|
|
|
|
|
|
|
|
|
R07-20
|
13.4
|
28.3
|
15.0
|
192
|
1.2
|
1.2
|
1.11
|
|
including
|
13.9
|
21.7
|
7.9
|
332
|
2.0
|
2.1
|
1.82
|
|
including
|
13.9
|
19.3
|
5.5
|
455
|
2.6
|
2.9
|
1.57
|
“We are
very pleased with the first results from the channel sampling on the Hach�
Lens. These results provide an accurate picture of the lengths and grades of
the mineralized zones on surface.� The lengths of the mineralized zones
obtained exceed our preliminary estimates. It should be noted that in the event
of surface mining, this mineralization will comprise the first shipments to be
sent to the mill,” observes Andr� Proulx, the Company's President. The results
from the other twelve (12) channels are expected shortly.
About Nicholas-Denys
The
Nicholas-Denys property is located at the north end of the Bathurst
mining camp, in the vicinity of the Caribou, Restigouche and Brunswick 12 mining facilities, as well as
the lead-silver-gold smelter and the Belledune deep water port. The property
encompasses five (5) major mineralized zones spread along a 5.4-km fault zone.
The current
works on the Hach� lens aim to lead to a short-term surface exploitation of a
small open pit. The Company has completed the first phase of definition
drillings as well as the complete stripping of the main mineralized zone. This
activity allowed to prospect the surface of Hach� lens over a span of about 150
by 50 meters
and to a depth of 100
meters. Metallurgical testing is also underway of the
minerals extracted from the Hach� lens. Results obtained will be used to
calculate resources as per the 43-101 standards.
The results
from the preliminary drillings announced by the Company confirm silver
enrichment on the Hach� lens. The main results obtained from different holes
are as follows: 461 g/t Ag over 6.0 meters, 331 g/t Ag over 3.05 meters, 244 g/t Ag
over 4.6 meters,
262 g/t Ag over 4.2
meters.
About Puma
Exploration
Puma is a public mineral-exploration corporation (PUM-TSXV) engaged in the
discovery, exploration, and development of mining projects in Canada. Puma's efforts are focused
on its two major advanced projects: the polymetallic project (Ag-Pb-Zn-Au) on
the Nicholas-Denys property in New Brunswick
and the auriferous (Au) project in Little Stull Lake in Manitoba.
The samples
were analyzed in the ALS Chemex laboratory at Val d’Or, using the atomic absorption
and ICP methods. 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
-30-
Additional
information:
|
|
|
|
Rimouski
|
Montreal
|
|
|
|
|
Andr�
Proulx
|
Christian
Guilbaud
|
|
President
|
Investor Relations
|
|
(418) 724-0901
|
(514) 813-7862
|
|
president@explorationpuma.com
|
cguilbaud@explorationpuma.com
|