Puma Exploration Inc.
TSX VENTURE : PUM

Puma Exploration Inc.

March 14, 2007 07:00 ET

Puma Exploration: 331 g/t, 244 g/t, and 461 g/t of Silver Up to Six Metres Thick on Nicholas-Denys

RIMOUSKI, QUEBEC--(CCNMatthews - March 14, 2007) - Three holes drilled by Puma Exploration (TSX VENTURE:PUM) have intersected grades of 93 g/t Ag, 116 g/t Ag, and 66 g/t Ag over respective thicknesses of 18, 28, and 41(i) metres in the Hache lens on the Nicholas-Denys property in New Brunswick. The three holes cut the core of the mineralized lens, with grades of 331 g/t, 244 g/t, and 461 g/t Ag up to six metres thick, at depths that would permit open pit mining.

The first hole, F07-01, cut 18.1 metres of a mineralized lens with 93 g/t Ag and 0.48 g/t Au. This mineralized lens consists of two separate zones rich in precious metals, respectively containing 148 g/t Ag and 1.13 g/t Au over 6.9 metres and 164 g/t Ag and 0.50 g/t Au over 2.9 metres. The upper zone, 6.9 metres thick, includes 3.1 metres grading 330 g/t Ag and 1.6 g/t Au.

Hole F07-03 encountered a mineralized zone 41.2 metres thick, containing 66 g/t Ag and 0.40 g/t Au. This mineralized lens also consists of two separate zones rich in precious metals, with 109 g/t Ag and 0.80 g/t Au over 12.4 metres and 130 g/t Ag and 0.44 g/t Au over 9.2 metres, separated by a zone of disseminated sulphides.

Hole F06-01 intersected a 28.2-metres thickness of the Hache lens containing 116 g/t Ag and 0.54 g/t Au. It again consists of two mineralized zones that are richer in precious metals, separated by a few metres of disseminated sulphides.

The disseminated-sulphide zones in holes F07-03 and F06-01 were sampled after the first positive results were received. Respectively, analyses of nine samples totaling 9.6 metres and eight samples totaling 7.15 metres are awaited, to be used in a new calculation of the mineralized intersections. The results to be obtained will enable an increase in the precious-metal grade, since the disseminated sulphides had been assigned a grade of zero when calculating the 28.2 and 41.2 metre intersections announced in this release.

Best mineralized intersections



Hole From To Length Ag Au Zn Pb
m m m g/t g/t % %
F07-01 18.2 36.3 18.1 93 0.48 1.2 0.5

18.2 25.05 6.85 148 1.13 1.1 0.7
22.0 25.05 3.05 331 1.60 2.7 1.6

29.0 35.3 7.3 80 0.27 0.6 0.3
33.4 36.3 2.9 164 0.50 0.6 0.6
34.4 36.3 1.9 244 0.70 0.9 0.9

F07-03 19.0 60 41 66 0.40 0.5 0.3

19.0 31.5 12.4 109 0.80 0.8 0.5
19.0 27.4 8.4 148 1.13 1.1 0.7
19.0 24.3 5.3 213 1.61 1.7 1.0
19.0 23.6 4.6 244 1.71 1.9 1.2
19.0 20.6 1.6 581 3.34 4.6 3.0

50.2 59.4 9.2 130 0.44 0.6 0.7
53.5 59.4 5.9 159 0.40 0.7 0.8
56.7 59.4 2.7 232 0.72 0.8 0.3

F06-01 38.3 66.5 28.2 116 0.54 1.2 0.5
46.1 52.1 6.0 461 1.94 3.6 2.1


(i) The drill intersections represent the lengths of the core. The true thickness of the mineralized zones cannot at present be defined.

The Hache lens is located 300 metres west of the Shaft lens, where drilling has intersected persistent silver and zinc rich mineralization to a vertical depth of 350 metres, with grades of 108 g/t Ag and 6% Zn over a thickness of 4.4 metres. These two lenses are connected by underground workings at the 150 metres depth level. Current exploration work is not sufficiently advanced to determine if the two lenses are joined to form one lens 650 metres in length.

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Assays were performed by ALS Chemex in Val d'Or, using atomic absorption and ICP. The contents of this press release were prepared by Marcel Robillard, Geologist and NI-43-101 Qualified Person. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Puma Exploration
    Christian Guilbaud
    Investor Relations
    514-813-7862
    info@explorationpuma.com
    explorationpuma.com
    or
    BullRun Investor Relations
    Kal Malhi
    Investor Relations
    604-940-9756