| | Published : November 10th, 2011 | PUM.V - Trenches Discover High Grade Silver and Gold Mineralization With up to 2,450 g/t Ag and 29.5 |
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Trenches Discover High Grade Silver and Gold Mineralization With up to 2,450 g/t Ag and 29.5 g/t Au |
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PRESS RELEASE |
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RIMOUSKI, QUEBEC--(Marketwire - Nov. 10, 2011) - Puma Exploration (TSX VENTURE:PUM) is pleased to release additional results from its major trenching program undertaken on the Nicholas-Denys Silver Project in New Brunswick. Highlights from current work are the discovery of continuous surface silver and gold mineralizations over a strike length of 500 meters with grades up to 2,450 g/t Ag, 29.5 g/t Au, >20% Pb and 12.5% Zn in the Henry area.
The mineralization appears as semi-massive to massive sulphide lenses varying in thickness from 0.5 meters to 5 meters, generally oriented N070� within the regional foliation. The continuity on the mineralization has been proven by nine (9) different trenches spaced 25 to75 meters apart and spread over a strike length of 500 meters for a total length dug of 1,136 meters. In each trench, representative samples have been collected from the sulphide zones and select analytical results are summarized in Table 1.
Table 1. Representative samples of the sulphide lenses collected in the trenches
Table 1. Representative samples of the sulphide lenses collected in the trenches
Trench |
Sample |
Au |
Ag |
Pb |
Zn |
# |
# |
g/t |
g/t |
% |
% |
T11-18 |
343508 |
27.3 |
943 |
15.0 |
3.4 |
T11-18 |
343509 |
29.5 |
429 |
7.4 |
0.3 |
T11-18 |
343510 |
21.1 |
613 |
8.9 |
0.3 |
T11-18 |
343515 |
19.3 |
776 |
12.9 |
4.7 |
T11-20 |
343511 |
0.6 |
21 |
0.3 |
0.1 |
T11-28 |
351814 |
3.4 |
1,100 |
4.3 |
0.2 |
T11-28 |
351815 |
1.9 |
801 |
2.3 |
0.2 |
T11-28 |
351816 |
10.4 |
2,450 |
10.1 |
0.4 |
T11-28 |
351822 |
6.2 |
299 |
3.1 |
0.3 |
T11-29 |
351863 |
9.8 |
494 |
8.4 |
6.4 |
T11-29 |
351864 |
18.7 |
646 |
11.0 |
10.6 |
T11-29 |
351865 |
11.1 |
542 |
9.5 |
12.0 |
T11-29 |
351866 |
19.9 |
777 |
13.4 |
12.6 |
T11-29 |
351867 |
2.8 |
791 |
16.7 |
4.0 |
T11-29 |
349491 |
4.0 |
926 |
14.8 |
3.4 |
T11-29 |
349492 |
7.3 |
1,980 |
20.0 |
0.2 |
T11-29 |
349493 |
7.1 |
777 |
11.5 |
4.7 |
T11-29 |
349494 |
9.9 |
644 |
10.0 |
6.8 |
T11-29 |
349495 |
8.4 |
620 |
10.6 |
8.4 |
T11-29 |
349496 |
9.6 |
407 |
6.2 |
6.1 |
T11-29 |
349498 |
8.2 |
428 |
6.9 |
8.0 |
T11-30 |
351882 |
6.1 |
477 |
6.9 |
1.1 |
T11-30 |
351883 |
6.5 |
284 |
3.2 |
1.7 |
T11-30 |
351884 |
5.6 |
657 |
5.1 |
4.5 |
T11-30 |
351885 |
13.0 |
543 |
8.0 |
7.5 |
T11-30 |
351887 |
9.6 |
440 |
6.5 |
2.9 |
T11-42 |
350601 |
9.2 |
223 |
4.5 |
1.5 |
T11-42 |
350602 |
12.3 |
701 |
14.6 |
5.6 |
T11-42 |
350604 |
11.2 |
126 |
2.6 |
2.4 |
T11-42 |
350605 |
7.1 |
241 |
5.0 |
5.7 |
T11-42 |
350606 |
12.5 |
133 |
1.9 |
12.6 |
T11-42 |
350607 |
5.1 |
95 |
1.8 |
2.1 |
T11-44 |
350626 |
3.8 |
158 |
2.6 |
0.1 |
T11-45 |
350629 |
6.8 |
11 |
0.3 |
0.2 |
T11-45 |
350630 |
1.5 |
31 |
0.3 |
0.1 |
T11-55 |
349478 |
5.9 |
872 |
2.9 |
0.4 |
This 500 meter long mineralization zone is interpreted to be the surface expression of the EM-1 geophysical anomaly detected during the 2011 winter survey (refer to press release 19/05/2011). The EM-1 geophysical anomaly was the most conductive feature detected during the survey and it shows a long trend extending more than 1.2km and open-ended to the west. The estimated "depth-to-top" of the conductor or the strongest electromagnetic signal is interpreted to be from 150 to 250 meters deep. To date the only hole drilled by Puma to test a limited part of the zone was FH11-03 at a vertical depth of 30 meters. (refer to press release of 07/04/2011) More drilling is required to adequately test the entire 500 meter long mineralization at depth and to locate the thicker part of the lenses.
In summary, the trenching program was designed to test the intersection of NW-SE gold-silver rich structures with the general E-W sulphide horizons which constitute the discovery model at Nicholas-Denys. The mineralization discovered at surface in trench T11-28 is located at only 90 meters east of the Cullinan South new discovery (see press release 20/09/2011) consisting of high grade gold and silver structures, with 21.1 g/t Au and 106 g/t Ag, 18.0 g/t Au and 82 g/t Ag and 15.9 g/t Au and 72 g/t Ag. This confirms the efficiency of the discovery model being utilized at Nicholas-Denys.
Further assay results are expected from the remaining trenches, which will provide additional data on the distribution of gold and silver mineralization at Nicholas-Denys. Clearly, the trench results indicate Nicholas-Denys contains a significant silver-gold mineralization system that is open to depth. The company will evaluate all trench results upon receipt, and plan additional exploration based on those results.
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.
Puma carried out its work by digging a series of trenches during the summer of 2011 for a total length of 5,000 metres between the Hach� and Henry lenses. The area explored is only 1/6 of the total length of the favourable corridor, which extends over more than 10 km. The discovery of the structures rich in silver and gold represents a key step toward the discovery of new lenses displaying similar characteristics to the Shaft and Hach� lenses. Puma's teams are busy with major stripping efforts on the mineralized zones discovered during the trenching program.
About Puma Exploration
Puma Exploration is a Canadian mineral exploration company with advanced projects in precious and base metals in Canada. The Company's major projects are the Nicholas-Denys Silver Project and Turgeon Copper Project in New Brunswick and the Little Stull Lake Gold Project in Manitoba.
Investor Relations: 1-800-321-8564 Learn more by clicking here: www.pumaexploration.com And visit our media page at: www.pumaexploration.blogspot.com You can also find us on Facebook at: www.facebook.com/pages/Puma-Exploration/205712039487571
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Puma Exploration Inc. 212, Avenue de la Cath�drale, Rimouski, QC, G5L 5J2, T. 418-724-0901 � 2011 All Rights Reserved | |
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Puma Exploration Inc.
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EXPLORATION STAGE |
CODE : PUM.V |
ISIN : CA74588S1039 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
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. |
Financings of Puma Exploration Inc. |
Option Grants of Puma Exploration Inc. |
Project news of Puma Exploration Inc. |
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12/17/2013 | (Turgeon)samples 6.5% Copper at Turgeon Cu-Zn Project in New Brunswic... |
10/22/2013 | (Nicholas-denys)Confirms Significant Copper-Molybdenum System at Nicholas-De... |
9/9/2013 | Names Dominique Gagne as VP of Exploration |
9/9/2013 | names Dominique Gagn=E9 as VP of exploration |
8/15/2013 | (Little Stull Lake)purchases 100% interest of Little Stull Lake Gold Project, M... |
8/12/2013 | (Nicholas-denys)reached a depth of 1,290 meters with its hole FND13-02 and b... |
3/13/2013 | (Nicholas-denys)Drills 0.41% Copper (CuEq(i)) over 60.5 meters at Nicholas-D... |
3/13/2013 | (Nicholas-denys)Drills 0.41% Copper Equivalent (CuEq(i)) over 60.5 meters in... |
2/21/2013 | (Turgeon)samples 0.64% Copper Equivalent** (CuEq) over 300.9 meters i... |
12/12/2012 | Henry East Lens confirmed at depth with 376 g/t Ag, 1.4 g/t ... |
10/18/2012 | (Nicholas-denys)Starts Drilling Program at Nicholas-Denys Project, New Bruns... |
10/17/2012 | (Nicholas-denys)Extends the Skarn Horizon Over More Than 10 km at Nicholas-D... |
8/29/2012 | (Nicholas-denys)samples 2,590 g/t Ag, 16 g/t Au at New Discovery Lens at Nic... |
7/5/2012 | (Nicholas-denys)drills 6.4 meters of 446 g/t Ag, 1.5 g/t Au, and 5.8% Zn at ... |
4/10/2012 | (Nicholas-denys)begins drilling at Nicholas-Denys |
2/6/2012 | SAMPLES 5 G/T GOLD, 267 G/T AG, 5.3% LEAD AND 1.1% ZINC OVER... |
1/18/2012 | Drills 24.6 Meters of 100 g/t Silver, 1.4% Lead and 1.3% Zin... |
1/12/2012 | 239 G/T SILVER AND 1.9% LEAD OVER 6.3 METERS AT SURFACE AT D... |
12/8/2011 | PUM.V - Discovery of Dante Lens Samples up to 1020 g/t Ag |
12/8/2011 | (Nicholas-denys)Dante Lens, a new discovery on a second E-W Main Fault Zone ... |
11/30/2011 | (Nicholas-denys)discovers three additional NW-SE high grade structures with ... |
11/30/2011 | PUM.V - Discovery of Three Additional NW-SE High Grade Struc... |
9/20/2011 | (Nicholas-denys)21.1 g/t Au over the extension of the Cullinan veins at Nich... |
8/23/2011 | (Nicholas-denys)1=2C330 g/t Ag=2C 17.4 g/t Au=2C 6.3% Pb and 2.3% Zn at Nich... |
6/27/2011 | (Nicholas-denys)purchases more land at Nicholas-Denys Silver Project, New Br... |
5/19/2011 | (Nicholas-denys)3.1 KM LONG FIRST PRIORITY TARGET TO BE TESTED AT NICHOLAS-D... |
3/17/2011 | (Turgeon)Drilled 1.2% Cu Over 75.5 Meters at Turgeon Copper Project i... |
2/9/2011 | (Turgeon)10.1% Cu and 54 g/t Ag over 7.5 meters at Turgeon Copper Pro... |
6/15/2010 | (Turgeon)Increases its strategic holdings |
6/8/2010 | (Turgeon)Target of 7-10 million tonnes of 1.0%-1.5% Cuat Turgeon |
4/21/2010 | (Turgeon)Copper recovery of 95% |
2/16/2010 | (Nicholas-denys)Drilling confirms a silver-rich section at Nicolas-Denys |
1/28/2010 | (Nicholas-denys)508 g/t Ag and 3 g/t Au at Nicholas-Denys |
12/17/2009 | (Turgeon)Metallurgical testing for Turgeon and drilling at Nicholas-D... |
12/3/2009 | (Nicholas-denys)Resumes Drilling at Nicolas-Denys |
11/18/2009 | (Turgeon)targets the high-grade copper zone at Turgeon |
10/20/2009 | (Turgeon)intersects 1% Cu over 97 metres on its Turgeon, New Brunswic... |
9/2/2009 | (Turgeon)Drilling starts at Turgeon in New Brunswick |
7/7/2009 | (Little Stull Lake)Holds 71.6% of the Little Stull Lake Gold Project, Manitoba |
2/10/2009 | (Nicholas-denys)Purchase of three lots over the former Shaft Mine at the Nic... |
11/26/2008 | (Nicholas-denys)108 g/t Ag, 7.0% Zn, and 7.4% Pb over 3.4 metres on the Shaf... |
8/20/2008 | (Nicholas-denys)Surface drilling intersects high grades at Shaft lens with 1... |
7/10/2008 | (Nicholas-denys)New mineralized lens discovered at Nicholas-Denys |
5/13/2008 | (Turgeon)Puma options its Ste-Marguerite Gold Property |
4/14/2008 | (Nicholas-denys)Strategic acquisition of the Turgeon Deposit for the Nichola... |
4/8/2008 | (Nicholas-denys)113 g/t Ag, 3.3% Zn, 3.8% Pb, and 0.27 g/t Au over 11 metres... |
3/27/2008 | (Nicholas-denys)17,000 metres of drilling under way at Nicholas-Denys |
2/27/2008 | 1 million ounces of silver in the Haché Lens (NI 43-101 comp... |
1/29/2008 | (Nicholas-denys)540 g/t Ag, 1.0 g/t Au, 3.3% Zn, and 2.7% Pb over 5.1 metres... |
1/17/2008 | (Nicholas-denys)Three drills on Nicholas-Denys, New Brunswick |
10/30/2007 | (Nicholas-denys)596 g/t Ag, 4.3% Zn, 3.3% Pb, and 1.6 g/t Au over 7.6 metres... |
10/22/2007 | (Nicholas-denys)Surface sample on Nicholas-Denys property shows 1.7 kg/t Ag,... |
9/26/2007 | (Little Stull Lake)6.1 g/t Au over 4 metres on the Little Stull Lake gold depos... |
7/25/2007 | (Nicholas-denys)Prefeasibility study for Nicholas-Denys, New Brunswick |
7/18/2007 | (Nicholas-denys)1.5 kg Ag, 7.4 g/t Au, 10.1% Zn, and 7.3% Pb over 3.4 metres... |
7/10/2007 | (Nicholas-denys)First metallurgical test for Nicholas-Denys |
6/19/2007 | (Little Stull Lake)Drilling begins on the Little Stull Lake gold deposit, Manit... |
5/2/2007 | (Nicholas-denys)Update on drill results from Nicholas-Denys |
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Corporate news of Puma Exploration Inc. |
1/19/2016 | Puma Acquires the Red Brook Project in Northern New Brunswic... |
12/29/2015 | Puma Exploration Announces the Closing of Private Placement ... |
10/14/2015 | Puma Begins Fall Exploration Program at Turgeon Cu-Zn VMS pr... |
9/23/2015 | Puma Exploration Welcomes Dale Ginn as a Director |
4/6/2015 | Puma Completes Successful Drilling Program at Turgeon Cu-Zn ... |
3/11/2015 | Puma Resumes Drilling at Turgeon Copper-Zinc Project in New ... |
2/25/2015 | Puma Intersects 10.1% Zn Over 2.7m Within a New VMS System |
2/19/2015 | Begins Trading on the Santiago Stock Exchange in Chile |
12/23/2014 | Puma Exploration Closes Private Placement for $867,200 |
12/17/2014 | Puma Has Hired Rihanna As Its Creative Director |
12/8/2014 | Puma Intersects Multiple Zones of Massive Sulphide Mineraliz... |
11/20/2014 | Puma Exploration Samples 2.0% Cu Over 6 Meters at Turgeon So... |
11/12/2014 | Puma Receives Junior Mining Award in New Brunswick |
11/5/2014 | Puma Starts Drilling at Turgeon Copper-Zinc Project in New B... |
10/21/2014 | Puma Expands Brunswick North Project and Appoints Technical ... |
10/16/2014 | Puma Acquires the Brunswick North VMS Project 6 km North of ... |
9/30/2014 | Puma Samples 3% Cu at Turgeon Cu-Zn Project in New Brunswick |
9/18/2014 | Puma Exploration: Cullinan Silver/Gold/Zinc Zone at Nicholas... |
9/2/2014 | Results From the Annual Meeting of Shareholders |
8/27/2014 | Puma Exploration Closes Private Placement for $562,250 |
8/12/2014 | Puma Acquires Three New Porphyry Systems in Northern New Bru... |
7/29/2014 | Puma Increases its Strategic Land Holding at Little Stull La... |
6/26/2014 | Puma Reports Progress on 2014 Summer Exploration Programs in... |
5/21/2014 | IIROC Trading Resumption - PUM |
5/21/2014 | Puma Discovers 0.41% CuEq(i) Over 200 Meters Within 486 Mete... |
5/21/2014 | IIROC Trading Halt - PUM |
4/29/2014 | Puma Discovers a New VMS System at Turgeon Copper-Zinc Proje... |
12/23/2013 | closes private placements for $1,462,860 |
10/30/2013 | Discovers High Grade on the Rocky Brook Corridor with Sample... |
8/12/2013 | Reached a Depth of 1,290 Meters With its Hole FND13-02 and B... |
7/8/2013 | Reached a Depth of 1,215 Meters With its Hole FND13-01 and B... |
5/29/2013 | (Nicholas-denys)Targets World Class Porphyry System at Nicholas-Denys Projec... |
2/21/2013 | Samples 0.64% Copper Equivalent(ii) (CuEq) Over 300.9 Meters |
10/31/2012 | More Gold Found Along the Main Fault |
10/23/2012 | Allocation of Stock Options |
8/29/2012 | (Nicholas-denys)discovers a new high grade lens at Nicholas-Denys Silver Pro... |
7/13/2012 | Closes Private Placements for $1,988,830 |
7/5/2012 | (Nicholas-denys)Drills 6.4 Meters of 446 g/t Ag, 1.5 g/t Au, and 5.8% Zn at ... |
6/29/2012 | Closes $1,238,830 Financings |
6/29/2012 | closes private placements for $988,830 |
6/5/2012 | Announces Non-Brokered Private Placements |
3/2/2012 | (Little Stull Lake)Recalculates Drill Results for New Open Pit Model at Little ... |
12/21/2011 | (Nicholas-denys)Two additional mineralized lenses discovered at Nicholas-Den... |
5/19/2011 | (Nicholas-denys)3.1 km Long First Priority Target to Be Tested at Nicholas-D... |
5/12/2011 | to Optimize Market Exposure and Deepen its Financial Network |
4/7/2011 | (Nicholas-denys)Silver and Gold intersected in the first six holes drilled i... |
3/11/2011 | Welcomes Richard Thibault as a Board Member |
8/4/2009 | 1.72% Copper over a 56.5-metre thickness at Turgeon, New Bru... |
7/27/2009 | 2.4% Copper over a 31-metre thickness at Turgeon, New Brunsw... |
6/23/2009 | Modification to stock option plan |
8/13/2008 | More holes intersect the new lens between the Shaft and Hach... |
6/12/2008 | Mineralization between Shaft and Hach=E9 lenses continuous a... |
5/14/2008 | Haché lens 50 metres longer, with 339 g/t Ag, 2.2% Zn, 3.8% ... |
11/27/2007 | ANNOUNCES A $6 MILLION FINANCING |
11/15/2007 | Conclusive metallurgical test on the Haché lens, New Brunswi... |
11/7/2007 | TR: 1.5 kg/t Ag, 3.5% Zn, 9.8% Pb, and 3.6 g/t Au over 3.5 m... |
10/16/2007 | EXPLORATION PUMA COMPLETES $350,000 INVESTMENT |
9/19/2007 | 93 metres of molybdenum for NB Moly in New Brunswick |
9/4/2007 | 230 g/t Ag, 1.3 g/t Au, 3.6% Zn, and 2.8% Pb over 10.0 metre... |
6/26/2007 | 30-metre mineralized zone at Shaft |
5/24/2007 | begins drilling on molybdenum property in New Brunswick |
3/14/2007 | TR: 331 g/t, 244 g/t, and 461 g/t of silver up to six metres... |
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