RIMOUSKI, QUEBEC--(Marketwire - June 27, 2011) - Puma Exploration (TSX VENTURE:PUM) has purchased an additional private property contiguous to the site of the former mine facilities at its Nicholas-Denys Silver Project in New Brunswick. The Company has acquired the private lot with a total area of 7.4 hectares to secure road access from the national highway to the main Shaft and Haché deposits.
With this acquisition, Puma becomes the sole owner of 22 hectares of surface rights and will be able to build the necessary infrastructure to develop the mineralized lenses when needed and without delays. This new acquisition ties Puma's previously-held private properties that cover the Shaft and Haché lenses to Crown Land.
Current work at Nicholas-Denys
Puma Exploration has launched its summer exploration program at Nicholas-Denys and a major trenching and stripping program is underway. The first target to be tested is a coincident geophysical (InfiniTEM and IP) and geochemical Ag-Pb-Zn soil anomaly over a strike length of 3.1 km. The other targets include a total of twelve 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. Samples have been sent to the laboratory to be analysed for precious and base metals and the results are pending.
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 all year round 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.
About Puma Exploration
Puma Exploration is a Canadian mineral exploration company with advanced projects in precious and base metals in Canada. The Company's major projects are the Nicholas-Denys Silver Project and Turgeon Copper Project in New Brunswick and the Little Stull Lake Gold Project in Manitoba.
Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Puma Exploration Inc. to be materially different from actual future results and achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. Except as required by law, Puma Exploration undertakes no obligation to publicly update or revise any forward-looking statements. These risks and uncertainties are described in the quarterly and annual reports and in the documents submitted to the securities administration.
The contents of this press release were prepared by Marcel Robillard, a Qualified Person as defined in NI 43-101. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information:
Puma Exploration
(418) 724-0901
president@explorationpuma.com
Investors Relation
Toronto: (647) 628-8318
Vancouver: (604) 685-1343
info@explorationpuma.com
www.pumaexploration.com