Puma starts summer exploration work at Nicholas-Denys

2011-05-19 08:29 ET - News Release

Mr. Marcel Robillard reports

3.1 KM LONG FIRST PRIORITY TARGET TO BE TESTED AT NICHOLAS-DENYS PUMA'S SILVER PROJECT, NEW BRUNSWICK

Puma Exploration Inc. has started its summer exploration program at Nicholas-Denys silver project, New Brunswick. The first priority target to be tested is a coincident geophysical (InfiniTEM and induced polarization) and geochemical silver-lead-zinc soil anomaly over a strike length of 3.1 kilometres. This target corresponds to the western extension of the very-high-grade silver Hache and Shaft lenses explored and defined by Puma's work.

The other high-priority targets include a total of 12 geophysical anomalies that were identified from the InfiniTEM 2010 ground survey (EM-01 to EM-12) and covered 3.5 km of favourable structural features from the Shaft to Henry lenses. Most of these geophysical anomalies are associated with surface soil geochemical Ag-Pb-Zn anomalies. The most important silver soil anomaly covers an area of about 300 metres by 1,000 metres in the Henry area. All these surface targets will be prospected, trenched, and then the best mineralization discoveries will be drilled to verify the extent of the mineralization at depth.

"We are very pleased to launch our summer program at Nicholas-Denys. The first priority targets correspond to surface geophysical and geochemical anomalies that could be verified by a trenching and stripping program. This program will allow Puma to confirm the efficiency of our silver discovery model defined at the Hache and Shaft lenses and show the real potential of the entire land package at Nicholas-Denys," notes Marcel Robillard, president of Puma Exploration.

The InfiniTEM 2010 ground survey, added with the compilation of previous works, has also confirmed the presence of two additional structures parallel to the Rocky-Brook-Millstream fault that will be explored in the current program. The Rocky-Brook-Millstream fault is the primary control for the mineralization found in the Hache, Shaft, Henry, PineTree and Great Northern lenses. All three structures together host 16 promising silver deposits and showings over a strike length of 10 kilometres, which will be examined in greater detail. The location and the best silver results from these deposits and showings are showed on the company website.

About Nicholas-Denys

The Nicholas-Denys property is located only 20 kilometres north of Bathurst and is part of the Bathurst mining camp of northern New Brunswick. The property is accessible by road throughout the year and is intersected by a power line. The Nicholas-Denys property is 6,750 hectares and is part of Puma's 10,476-hectare holdings, which include the Turgeon copper deposit.

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