Press
Release
First metallurgical test for Nicholas-Denys
Rimouski, July 10, 2007 - Puma
Exploration (PUM-TSXV) is currently engaged in preliminary metallurgical
testing on ore from the Hach� lens on the Nicholas-Denys property. The
metallurgical tests are aimed at predicting the percentage recoveries of
economically-interesting metals in the ore, in order to estimate the potential
revenues from a mining operation.
The
Nicholas-Denys metallurgical test is being conducted on mineralization
intersected during the recent definition drilling of the Hach� lens. A 30-kg sample was collected
from four holes covering the entire lens. A total of 25 metres of mineralized
core were crushed and mixed together to produce a single homogeneous sample
representative of the ore in the Hach� lens. Initial analysis of the 30-kg composite sample
indicates 460 g/t Ag, 2.2 g/t Au, 6.0% Zn, and 3.7% Pb. The sample is being processed
at the SGS Lakefield Research Laboratory in Ontario.
"Metallurgical
testing is one of the major stages in a decision to put a mineralized deposit
into production.� It provides a means of estimating the potential earnings from
mining the ore, and thereby enables preliminary assessment of a project's
economic viability," notes Andr� Proulx, the Company's President.
News about Hach�:
Puma has now
completed Phase 1 of its program of definition drilling on the Hach� lens.
Twenty holes have been drilled on this lens since the start of exploration on
the Nicholas-Denys project. These holes will enable definition of the Hach� lens on surface over an area
of about 150 metres by 50 metres and down to a depth of 150 metres. The results
of the first nine holes have already been released by the Company: they confirm
rich silver values in the four principal holes on the Hach� lens. The results
are as follows: 461 g/t Ag over 6.0 metres, 331 g/t Ag over 3.05 metres, 244 g/t Ag
over 4.6 metres,
and 262 g/t Ag over 4.2
metres.
The results from the 11 other definition holes drilled
on the Hach� lens will be released as soon as they are received.
The samples
were analyzed in the SGS Lakefield Research Laboratory in Ontario, using the ICP method. 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.
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For additional information:
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Rimouski
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Montr�al
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Andr� Proulx
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Christian Guilbaud
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President
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Investor
Relations
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(418) 724-0901
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(514)
813-7862
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president@explorationpuma.com
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cguilbaud@explorationpuma.com
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