Vancouver Recent drilling by Consolidated Puma Minerals (CPW-V) has returned high-grade results for platinum group elements (PGEs) from the East Pansky property in the Kola Penninsula of northwestern Russia.
The best of several recent holes testing the East Chuarvi prospect at East Pansky returned 13.95 metres grading 0.29 gram gold per tonne along with 1.79 grams platinum and 3.69 grams palladium. This includes 6.6 metres of 0.5 gram gold, 2.79 grams platinum and 5.94 grams palladium, or 9.22 grams gold-PGE-equivalent.
Results from three other holes include: 0.5 metre of 0.31 gram gold, 2.28 grams platinum and 6.57 grams palladium; 2.5 metres of 0.18 gram gold, 0.9 gram platinum and 2.02 grams palladium, and 1 metre of 0.28 gram gold, 1.77 grams platinum and 4.69 grams palladium; and 1.5 metres of 0.23 gram gold, 2.03 grams platinum and 4.53 grams palladium.
Puma is owned 40% by Bema Gold (BGO-T, BGO-X), and acquired the East Pansky project from Bema in May of 2002. Bema is a mid-tier gold-silver producer with several projects in Far East Russia, namely the 79%-held Julietta mine and the 75%-held Kupol mine project.
Puma’s East Pansky property lies on the eastern border of the Federova Tundra PGE project where Barrick Gold (ABX-T, ABX-N) is carrying out an advanced exploration program.
Drilling by Puma and previous Russian operators at East Pansky outlined a number of targets within the Pansky intrusive complex, and along the 50-km-long strike length of the favorable horizon.
This year’s program will consist of 15,000 metres of drilling on the East Chuarvi mineralized zone, and three other targets along strike. Besimyanyi lies 1 km east of East Chuarvi, Churozerski is 3 km further east, and Chuarvi is situated 5 km west of East Chuarvi.
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