Up to 461 grams silver at Puma’s Bathurst property

Puma Exploration (PUM-V) has reported positive results from three drill holes at its Nicholas-Denys silver property in the Bathurst mining camp of New Brunswick.

The drill results come from the Hach massive sulphide lens, 300 metres west of the Shaft lens where drilling has intersected silver and zinc mineralization to a vertical depth of 350 metres with grades of 108 grams silver per tonne and 6% zinc over 4.4 metres.

The lenses are connected by underground workings at the 150-metre level. Puma says the lenses may be connected, forming a larger lens 650 metres in length.

Hole F07-01 intersected 18.1 metres grading 93 grams silver per tonne and 0.48 gram gold. The hole cut two zones separated by disseminated sulphides one that yielded 148 grams silver and 1.13 grams gold per tonne over 6 metres and the other 330 grams silver and 1.6 grams gold over 3.1 metres.

Hole F07-03 intersected 41.2 metres grading 66 grams silver and 0.4 gram gold. This drill hole also contains two zones one that graded 109 grams silver and 0.8 gram gold over 12.4 metres, and the other includes 130 grams silver and 0.44 gram gold over 9.2 metres.

Hole F06-01 cut 28.2 metres grading 116 grams silver and 0.54 gram gold, including 6 metres grading 461 grams silver, and was also separated by a few metres of disseminated sulphides.

The disseminated sulphide zones in F07-03 and F06-01 were assigned grades of zero when calculating the reported intersections. The company will do a new calculation to include these zones, which will increase the precious metal grade.

The Nicholas-Denys property is located on the northern edge of the Bathurst mining camp, close to the infrastructure of the Caribou, Restigouche, and Brunswick No. 12 Mines, as well as a lead-silver-gold smelter a port in Belledune. The property contains more than 50 mineralized showings, which have been subject to detailed exploration as well as underground mine development from the 1950s to the 1970s.

Puma shares were down 4 in Toronto today at 47 on a volume of 455,000.