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Puma leaps on significant drill result

Puma Exploration (CN:PUM) says a massive sulphide intersection below the current resource at its Murray Brook project represents a “fundamental and significant” expansion of the system’s geometry and metal content.
Puma leaps on significant drill result Puma leaps on significant drill result Puma leaps on significant drill result Puma leaps on significant drill result Puma leaps on significant drill result

Puma has a PEA underway on the Murray Brook deposit

Staff reporter

The 405m intersection from 27m contained an overall 3.3% zinc, 1.1% lead, 0.95g/t gold, 42g/t silver and 0.3% copper, and higher-grade zones including 160m at 2g/t gold.

The results will be incorporated into a resource model and the current preliminary economic assessment.

The deposit in the Bathurst mining camp in New Brunswick contains a measured and indicated 5.28 million tonne resource at 5.24% zinc, 0.24% copper, 1.8% lead, 68.9g/t silver and 0.65g/t gold.

The drilling results come as the zinc price sits around a 10-year high and at more than US$3,300/t this week is more than double what it was worth in January 2016.

Puma secured the option to acquire a 100% beneficial interest in the Murray Brook property in May.

Shares in Puma leapt more than 46% yesterday to C$0.11, capitalising the company around $21.5 million.