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Puma Exploration Inc V.PUMA

Alternate Symbol(s):  PUMXF

Puma Exploration Inc. is a Canada-based mineral exploration company. The Company has a portfolio of precious metals projects located near the Bathurst Mining Camp (BMC) in New Brunswick, Canada. It controls more than 70,000 hectares (ha) of prospective land in northern New Brunswick. Its projects include Williams Brook, Jonpol, Portage, TIMM, McCormack Brook South, Carleton, Rocky Fault, Jacquet River, Ten Miles Pool Road, and South East Moose Brook. The Company's primary focus is its Williams Brook North property, located approximately 60 kilometers west of the city of Bathurst and accessible via a paved road. The Jonpol properties consist of approximately 204 claims near the Murray Brook and Restigouche deposits. The Portage Lake property consists of 118 claims and is located at the northwest contact of the former Restigouche mine. The TIMM property of 223 claims is located 10 kilometer east of St-Quentin and covers 4,840 hectares.


TSXV:PUMA - Post by User

Bullboard Posts
Post by mallgirlon Jan 29, 2010 10:10pm
454 Views
Post# 16735013

Confused

ConfusedI have to say I'm a bit confused.  Maybe some of the regulars can help me out. 

These are assays from surface grab samples, and they're from previously worked zones, right?

On Dec. 3, PUM released the nr below stating that they were resuming drilling on this property, but now they release surface grab samples?  Are they drilling? 

Any answers would be appreciated.


12/3/2009 10:44:46 AM
RIMOUSKI, QUEBEC, Dec 03, 2009 (MARKETWIRE via COMTEX News Network) --

Exploration Puma (TSX VENTURE: PUM) is pleased to announce the resumption of drilling on the Pine Tree lens, located on the Rocky Brook Millstream fault at its Nicholas-Denys project in New Brunswick. This structure hosts six deposits: the Pine Tree, Half Mile, Shaft, Hache, Henry, and Great Northern.

Puma's strategy is to confirm the near-surface (0-100 metres) silver resources in the four lenses located on either side of the Shaft and Hache deposits, starting with the Pine Tree lens. Puma controls 100 % of the rights over 7 kilometres of the belt of favourable rocks that carries this mineralization.

Historic resources of 105,560 tonnes with 79.9 g/t Ag, 2.82% Pb, and 3.40% Zn were estimated at the Pine Tree deposit in 1969. That resource calculation does not comply with Canadian Standard 43-101

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