Puma Exploration Inc (C-PUM) - News Release
Puma drills 1,513 g/t Ag over 3.4 m at Hache
2007-07-18 13:10 ET - News Release
Shares issued 28,376,783
PUM Close 2007-07-17 C$ 0.35
Mr. Andre Proulx reports
PUMA EXPLORATION: 1.5 KG AG, 7.4 G/T AU, 10.1% ZN, AND 7.3% PB OVER 3.4 METRES AT NICHOLAS-DENYS
Puma Exploration Inc. has confirmed rich precious metals values in the Hache deposit by intersecting a mineralized lens containing 1,513 grams per tonne (g/t) Ag, 7.4 g/t Au, 10.1 per cent Zn and 7.3 per cent Pb over 3.4 metres in borehole F07-15. This lens is part of a mineralized zone with an apparent thickness of 40.3 metres, grading 171 g/t Ag, 0.93 g/t Au and 1.7 per cent Zn. The mineralized zone consists of three separate enrichment zones of massive to semi-massive sulphides, locally called the North, Central and South lenses. The Central lens was intersected at a vertical depth of 50 metres and contains 720 g/t Ag, 3.8 g/t Au, 5.3 per cent Zn and 3.4 per cent Pb over an apparent thickness of 8.4 metres.
DRILL INTERSECTIONS OF MINERALIZED ZONES
Borehole Length From To Ag Au Zn Pb
m m m g/t g/t % %
F07-15 40.3 59.7 100.0 171 0.93 1.7 0.9
North lens 3.8 59.7 63.5 72 0.42 1.9 1.1
Central lens 8.4 70.9 79.3 720 3.82 5.3 3.5
including 3.4 70.9 74.3 1513 7.38 10.1 7.3
South lens 7.0 93.0 100.0 74 0.34 1.9 0.5
including 2.0 93.0 95.0 217 1.03 5.3 1.3
This borehole was drilled on the same section as, and 30 metres north of, borehole F06-01, the results of which (including 462 g/t Ag, 3.6 per cent Zn, 2.1 per cent Pb and 1.9 g/t Au over six metres) confirm the presence of exceptionally rich precious metal zones exhibiting considerable thicknesses.
Note that the definition drilling carried out on the Hache lens is aimed at defining the quantity and quality of ore in the mineralized zones, and that the results obtained will be used to estimate the resources according to the National Instrument 43-101 standards. The results from the 10 other holes drilled on the Hache lens will be released as soon as they become available.
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. |
