Puma Exploration Inc.

Published : September 19th, 2007

93 metres of molybdenum for NB Moly in New Brunswick

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Press Release

 

 

93 metres of molybdenum for NB Moly in New Brunswick

 

 

Rimouski, September 19, 2007 - Exploration Puma (PUM-TSXV) has intersected 93 metres of persistent molybdenum (Mo) mineralization, grading 0.030% Mo, during recent drilling at its NB Moly Project in New Brunswick. In fact, the last 93 metres of drilling in Borehole F07-09 show disseminated molybdenum mineralization cut by occasional higher-grade quartz-molybdenite veinlets. This borehole bottomed in mineralized granite grading 0.128% Mo over 1.5 metres.

 

The two other boreholes also intersected the same mineralized granite over significant thicknesses, e.g., Borehole F07-07 with 0.037% Mo over 24.1 metres, and Borehole F07-08 with 0.033% Mo over 11.1 metres.

 

Mineralized borehole intersections

 

Borehole

Azimuth

Angle

 

Length

From

To

Mo

 

 

 

 

m

m

m

%

F07-07

N 135�

45�

 

24.1

36.8

60.8

0.037

 

 

 

including

2.8

58.0

60.8

0.163

F07-08

N 135�

45�

 

6.6

85.1

91.9

0.029

 

 

 

 

11.1

98.3

109.4

0.033

 

 

 

including

3.9

105.6

109.4

0.060

 

 

 

 

1.0

121.3

122.3

0.206

F07-09

N 135�

45�

 

11.3

27.2

38.5

0.034

 

 

 

 

93.0

57.0

150.0

0.030

 

 

 

including

43.4

106.6

150.0

0.051

 

 

 

including

10.1

130.5

140.6

0.129

 

 

 

including

4.0

135.0

139.0

0.216

 

 

 

The NB Moly property contains seven molybdenum showings located within a circular granite stock about 12 km2 in area. Sixteen (16) shallow holes were drilled on the granite between 1965 and 1968 by NB Molybdenum Mines Ltd.� Twelve (12) of the 16 boreholes intersected significant molybdenum mineralization resembling that found in the current drilling (Press Release of May 24, 2007). There has so far been no deep drilling on the granite body.

 

"The presence of mineralized showings throughout the intrusion, which covers 12 km2, as well as the thicknesses and grades found by drilling, suggest that the NB Moly Project could contain a world-class deposit,” notes Andr� Proulx, the President of Exploration Puma.

 

The Company is currently engaged in an exhaustive compilation of data concerning the NB Moly Project, to identify the next targets for drilling.

 

 

Visit our website at www.explorationpuma.com for more detailed information on this project.

 

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-

 

For additional information:

 

 

Rimouski

Montr�al

 

 

Andr� Proulx

Christian Guilbaud

President

Investor Relations

(418) 724-0901

(514) 813-7862

president@explorationpuma.com

cguilbaud@explorationpuma.com

 

 

Puma Exploration Inc.

EXPLORATION STAGE
CODE : PUM.V
ISIN : CA74588S1039
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Puma Exploration is a zinc and lead exploration company based in Canada.

Puma Exploration holds various exploration projects in Canada.

Its main exploration properties are LITTLE STULL LAKE, TURGEON and NICHOLAS-DENYS in Canada.

Puma Exploration is listed in Canada. Its market capitalisation is CA$ 15.7 millions as of today (US$ 12.6 millions, € 10.3 millions).

Its stock quote reached its highest recent level on December 07, 2007 at CA$ 0.59, and its lowest recent point on January 22, 2016 at CA$ 0.03.

Puma Exploration has 184 380 000 shares outstanding.

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