Puma Exploration: 30-Metre Mineralized Zone at Shaft
Tue Jun 26, 10:30 AM
http://ca.news.finance.yahoo.com/s/26062007/28/link-finance-news-puma-exploration-30-metre-mineraliz...
RIMOUSKI, QUEBEC--(CCNMatthews - June 26, 2007) - News on Shaft:
Puma Exploration (TSX VENTURE: PUM.V) has just confirmed rich zinc mineralization in the Shaft lens at Nicholas-Denys by intersecting a mineralized lens containing 5.3% Zn over 5.6 metres in borehole F07-10. This lens is contained within a mineralized zone with an apparent thickness of 30.2 metres, with 2% Zn, 1% Pb, and 55 g/t Ag. This mineralized zone comprises two lenses of massive to semi-massive sulphides. The metal contents of the two sulphide layers are 5.3% Zn, 138 g/t Ag, and 4.5% Zn, 59 g/t Ag. The core of the mineralized zone contains 10.9% Zn over 1.8 metres.
This zinc enrichment had been observed in two other boreholes located within 50 metres of borehole F07-10 on the Shaft deposit (Press release of May 12, 2006). Borehole F06-16 encountered the mineralized zone at a vertical depth of 350 metres, with 6.0 % Zn, 3.3 % Pb, and 108 g/t Ag over 4.4 metres. Borehole F06-15intersected the Shaft lens at 120 metres vertically, and shows a major thickening of the mineralized lens, whose apparent thickness increases to 9.8 metres, with 4.3 % Zn, 2.9 % Pb, and 81 g/t Ag.
Drill intersections of mineralized zones
Borehole Azimuth Angle From To Length Zinc Silver Lead Gold
(m) (m) (m) (%) (g/t) (%) (g/t)
F07-10 N160 45 73.2 103.4 30.2 2.0 55 1.0
degrees degrees
Lens A Including 73.2 78.8 5.6 5.3 138 1.7 0.94
including 73.2 75.0 1.8 10.9 55 0.8 0.70
Lens B 92.8 103.4 10.6 2.3 53 1.2 0.08
including 95.0 98.5 3.5 4.5 59 1.4 0.11
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Borehole F06-16 was drilled in the centre of the Shaft lens and confirms the extension of the mineralization to a vertical depth of 350 metres. The mineralized zone remains open in all directions. Preliminary interpretation of the drilling at the Shaft lens suggests an enrichment in zinc with depth, and a thickening of the mineralized layer towards the west.
News on Hache:
Exploration Puma has now completed Phase 1 of its program of definition drilling on the Hache lens. 20 boreholes have been drilled on the Hache lens since the start of exploration on the Nicholas-Denys project. These boreholes will enable definition of the Hache lens at surface over an area of about 150 metres by 50 metres, and down to a depth of 150 metres. The results of the first nine boreholes have already been released by the Company: they confirm rich silver values in the Hache lens in the four principal boreholes. The results are as follows: 461 g/t Ag over 6.0 metres, 331 g/t Ag over 3.05 metres, 244 g/t Ag over 4.6 metres, and 262 g/t Ag over 4.2 metres.
The results from the 11 other definition holes drilled on the Hache lens will be released as soon as they are received.
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.
The TSX Venture Stock Exchange disclaims any responsibility for the veracity and accuracy of this release.
Contacts
Rimouski
Exploration Puma
Andre Proulx
President
418-724-0901
president@explorationpuma.com
Montreal
Exploration Puma
Christian Guilbaud
Investor Relations
514-813-7862
cguilbaud@explorationpuma.com
