Puma Exploration (PUM-V)
www.explorationpuma.com
84.2 million o/s
Nicholas-Denys project 9 deposits over 10 km of strike lenght "Really Rich" of silver in New Brunswick.
20 km from Xstrata Belledune lead-zinc smelter
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Puma Exploration starts drilling at Nicholas-Denys
Oct 18, 2012 - News Release
Puma Exploration Inc. has started a two-phase drilling program at its Nicholas-Denys property, New Brunswick. The first phase of approximately 1,000 metres focuses on the Henry East lens, located along the western end of the Rocky-Brook-Millstream fault. The second phase, of an additional 1,000 metres, will test the skarn horizon and the Nicholas-Denys porphyry.
Drilling program in progress on Henry East lens
The first phase of the drilling program is under way and targets the Henry East massive sulphide lens located along the Main Fault zone. Ten holes will be drilled over the main stripping area in preparation for two deeper 250- to 300-metre-long holes testing the EM-1 electromagnetic geophysical anomaly at depth.
The Henry East Lens outcrops on surface as a semi-massive to massive sulphide zone varying in thickness from 0.5 metre to five metres, with selected grab samples graded up to 943 grams per tonne silver, 29.5 g/t gold, 16.7 per cent lead and 12.5 per cent zinc. The continuity of the mineralization has been proven by nine different trenches spaced by 25 metres to 75 metres and spread over a strike length of 500 metres.
Due to winter conditions, only a limited part of trench T11-29 was accessible for channel sampling. In channel NS1, located in trench T11-29, a sample with five g/t Au, 267 g/t Ag, 4.9 per cent Pb and 2.4 per cent Zn over 2.0 metres was recovered. The two other channel samples with 3.6 g/t Au and 716 g/t Ag over 2.2 metres, and 2.0 g/t Au and 130 g/t Ag over 2.2 metres were also identified.
This 500-metre-long mineralization zone is interpreted to be the surface expression of the EM-1 geophysical anomaly detected during the 2011 winter survey (see press release May 19, 2011). The EM-1 geophysical anomaly was the most conductive feature detected during the survey, and shows a long trend extending on more than 1.2 kilometres and open ended to the west. The estimated depth to top of the conductor or the strongest electromagnetic signal is interpreted to be between 150 metres and 250 metres deep. No hole has tested this mineralization zone at depth.
Skarn horizon and Nicholas-Denys porphyry at depth
The second phase of drilling will include two deep 500-metre to 600-metre holes located at the south and north contacts of the Nicholas-Denys felsic porphyry. Only limited shallow drilling was directed in 2007 at these locations, and deep holes are needed to better evaluate the entire potential of the Nicholas-Denys porphyry system. Borehole geophysical surveys will be conducted in these holes.
The first deep hole will be located south of the pluton near hole F07-04 near the Millstream iron deposit, which intersected near-surface copper-skarn mineralization grading 1.04 per cent copper, 0.3 gram per tonne gold and 10 grams per tonne silver over 9.75 metres. The second hole will be located in the northern part of the intrusive near hole F07-09, which intersected persistent molybdenum mineralization grading 0.030 per cent Mo over 93 metres, including a richer zone of 0.074 per cent Mo over 23.5 metres.
Nicholas-Denys 2012 exploration program
Puma Exploration has conducted an extensive exploration program at Nicholas-Denys in 2012. So far, 18 holes for 2,009 metres of drilling, 25 trenches for 3,100 metres of trenching and stripping of about 9,600 square metres were directed on the two main structures, which are the Rocky-Brook-Millstream and Main Fault zones. Currently, more stripping and trenching are in progress along the Main fault, and a detailed channel sampling program is under way at the Henry East Rich silver and gold lens. More results will be released shortly on these programs.
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