Smells good!Puma Acquires the Red Brook Project in Northern New Brunswick
RIMOUSKI, QUEBEC--(Marketwired - Jan. 19, 2016) - Puma Exploration (TSX VENTURE:PUM)(SSE:PUMA) has signed an option to acquire a 500 hectares project containing a newly discovered high grade Zinc showing. Puma's new "Red Brook" project has only been prospected and never drill tested.
Red Brook option was acquired from a local prospector's following his recent discovery of high grade Zinc Massive Sulphide outcrop grading up to 13% Zn, 0.23% Cu and 2.5g/t Ag. The initial excavated, 40 meters by 15 meters area, also contains a Gold and Copper zone grading up-to 1.3 g/t Au and 0.53% Cu.
During the field due diligence for the acquisition of the Red Brook project, Puma conducted a one-day reconnaissance trenching program to investigate the newly high grade zone. Three different areas were stripped on the high grade massive sulphide zones and more rock samples were collected. The results of the samples collected will be released shortly.
The mineralization is open in all directions. Currently, the planned work will consist of compiling previous work to define additional trenching and diamond drilling targets. The compilation will be used to plan the 2016 summer program.
Red Brook Project
The Red Brook project comprises 23 claims totaling 500 hectares located 20 km west of Puma's Benjamin Project and 50 km west of Nicholas-Denys Project.