Deep-South (DSM:tsxv) appoints Leveille as CEO, Stuart-Willams as Vice-President Exploration and hires Paradox for Investor Relation
Deep-South appoints Leveille as CEO, Stuart-Willams as Vice-President Exploration and hires Paradox for Investor Relation
– Momentum Public Relations –
Press Release: January 23, 2017
Deep-South Resources inc. (DSM:tsxv) announces that it has appointed Pierre Léveillé as CEO and Vivian Stuart-Williams as Vice-President Exploration. Tim Fernback has resigned as CEO but will remain as Vice-President and Director of the Board of Directors.
Mr. Léveillé has over 28 years of experience in the International financial sector including 20 years in the mining exploration industry. Mr. Léveillé has started is career as a Stock Broker and Corporate Finance advisor with a National brokerage firm. From the mid 1990’s to today, he has been Executive and Director of exploration companies active in Africa. He has financed and managed exploration projects in Namibia since 1996. Mr. Léveillé is President of Q7 Capital inc., a private company providing financial and management advisory services to public and private companies.
Mr. Stuart-Williams is a geologist with 46 years of experience in the mining and exploration industry, principally in the southern African region. He holds a M.Sc degree in uranium and he has been involved in base metals, gold, coal, and industrial mineral projects. Mr. Stuart-Williams has a worldwide exposure (including Liberia, Philippines, Afghanistan, Canada, Uzbekistan, Australia, Uganda, Mauritania and all of the Southern African countries). He has been involved with the Haib project from the mid-1990s as exploration Manager and subsequently as a Technical Director (geology) for Deep South Mining who held the Mineral Rights over the Haib Project during the recent exploration by Teck Namibia.
Mr. Tim Fernback has resigned has CEO but will remain Vice-President and Director.
The Board of Directly is highly pleased with those nominations as they will bring a wealth of experience and knowledge and will add value to the current team in place. The Board also acknowledge the work of Mr. Fernback during the company’s conversion and is pleased with his commitment and that he stays involved with the company.
Deep-South also announces that it has hired Paradox Public Relations Inc. to provide investor relations services. Paradox will focus on the development and expansion of the company’s communications with the investment community through a comprehensive investor relations program. Under the terms of the agreement, Deep-South will pay Paradox $5,000 per month for a term of 24 months and may be cancelled by either party by giving 30 days notice. The company will grant Paradox incentive options to acquire 350,000 common shares in the share capital of the company at a price of $ 0.25 per share for a period of two years, vesting quarterly over 12 months.
About Deep-Sout Resources Inc.
Deep-South Resources Inc. is a Canadian company, actively involved in the acquisition, exploration and development of major mineral properties in Namibia and Canada. Deep-South growth strategy is to focus on the exploration and development of quality assets, in significant mineralized trends, close to infrastructure, in stable countries.
- Published in Deep South Resources Inc., Mining, News Home
These are the African countries investors should pay attention to
About half of all the African countries either host significant operating mines or have advanced exploration projects, yet investors tend to shy away due to perceived risks such as high levels of corruption and political uncertainty, a new report shows.
There are many rankings that aim to help companies choose the best countries to set up shop in the region, such as Canada’s Fraser Institute annual report and Transparency International’s corruption index, but London-based finnCap has come up with one of its own.
The investment bank analyzed the 25 (roughly) countries in Africa that have working mines or or advanced exploration projects, incorporating the best known rankings available, but factoring each country’s geological potential and their current security risk.
So, what did they conclude?
The first and main finding is that there is an urgent need to refill the mining project pipeline of all African countries with early stage exploration projects of all shapes and sizes.
But where to start? According to finnCap, investors would be better off in Ghana, Botswana, Namibia, Lesotho and Senegal, which already have companies successfully operating inside their borders. These include, just to name a few, Kennedy Ventures (Tantalite Valley tantalum mine) and Weatherley (Tschudi copper mine) in Namibia, as well as Firestone Diamonds (Liqhobong diamond mine) and Gem Diamonds (Lesteng diamond mine) in Lesotho.
At the bottom of the bank’s list figure Eritrea, Kenya, Zimbabwe, Guinea and Angola, which also have a few known names present in their mining sector. Those include Avocet (Tri-K gold project) in Guinea, ASA Resource Group (Freda Rebecca gold mine and Bindura nickel mine) and Caledonian (Blanket gold mine) in Zimbabwe, and Base Resources (Kwale mineral sands mine in Kenya.
“There is a lot of money to be made if country risk and entry timing can correctly be judged,” the reports says, citing as an example Randgold Resources’ success story in Mali, which started off with a small gold mine back in 1995 when the country had had no mining industry other than some artisanal operations.
Within five years, Randgold’s Morila gold mine (jointly owned and managed with AngloGold) had become one of the world’s more profitable mines and laid the foundations for the growth of the business.
So the lesson for investors should be to always look at the risk/reward balance, the analysts say. Does outstanding geology beat corruption and security issues, including but not limited to the threat of the radical Muslim insurgencies? This mostly comes down to the quality of company management and their in-country experience, they conclude.
Source (Mining.com)
- Published in Blog, Deep South Resources Inc., Mining
King’s Bay (KBG:tsxv) Substantially Increases Lynx Lake Cu-Co Land Package in Labrador
King’s Bay Substantially Increases Lynx Lake Cu-Co Land Package in Labrador
– Momentum Public Relations –
Press Release: January 17, 2017
King’s Bay Gold Corporation (TSX.V: KBG), (FSE: KGB1), operating as “King’s Bay”, a mining exploration and development company based in Vancouver, is pleased to announce that, as a result of preliminary data compilation, the company has decided to increase the Lynx Lake Copper/Cobalt property in Labrador area from its original size of 20 square kilometers to approximately 240 square kilometers.
King’s Bay believes that, in order to adequately cover the geological structures and geophysical signatures of interest, the property must be extended to the south west.
The upcoming airborne electromagnetic survey will be strategically placed within the new land area in order to explain some of the surface electromagnetic anomalies that have been discovered during surficial reconnaissance.
Kevin Bottomley states “The increase in our land holdings by over 10 times shows a strong commitment to better understanding what type of mineralized system we may be dealing with in a more regional sense”.
King’s Bay has filed a NI 43-101 technical report on the Lynx Lake Copper/Cobalt property on SEDAR. To download the full report, please click the link below.
The Lynx Lake Project has returned historical grab samples assaying up to 1.39{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu, 0.94{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Co, 0.21{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Ni and 6.5g/t Ag. Government regional low resolution residual magnetic surveys and preliminary handheld electromagnetic surveys done by local prospectors have shown strong conductors beneath the overburden, and provide incentive to explore the area further for additional subsurface mineralization. The Project is located directly adjacent to a 3 phase powerline and the Trans-Labrador Highway.
NI 43‐101 Disclosure
Edward Lyons, P. Geo. supervised the preparation of the technical information in this news release and is a qualified person as defined by National Instrument 43‐101.
On Behalf of the Board,
Kevin Bottomley
CEO, President
- Published in King's Bay, Mining, News Home
2017 PREVIEW – LORD COPPER: Electric vehicle sector could be the driving force for metals commodities
Electric vehicle sector could be the driving force for metals commodities
Metals – or commodities generally – are no longer the pariah class, as funds once again dip their toes into the pool, Lord Copper asserts as he looks to the year ahead with cautious optimism.
2016 finished on a quietly positive note. Through the second part of last year, we saw metal prices stage a rally (of sorts: not, I concede, what we became used to during the boom period that now lives only in the memories and bank accounts of those who were there at the time, but a rally nonetheless), which has served to give a boost to the confidence of commodity investors.
Cyclicality has had a part to play here: nothing goes in one direction for ever and things that were out of fashion come back into focus as part of the natural order of the world. But that’s not all. As I suggested would be the case at the beginning of the year, selected mining equities have indeed pointed the way, with that sector of the FTSE powering the index to its new record high. (Incidentally, I noted a couple of weeks ago that Danny Fortson, in the Sunday Times, rated Rio Tinto a definite sell on the back of its (well-publicised) problems. I’m not an analyst, so my views are strictly those of a slightly educated outsider, but I’d still put that company among the best of the bunch, given where it sits on the cost curve in the majority of its products. I certainly wouldn’t dream of giving advice, but neither would I sell Rio from my portfolio.)
So what are we really looking at? The major influence – both up and down – in recent times has been China; this time, though, I’m not sure that it is as central as we have come to expect. Certainly, we all correctly and keenly watch that economy for signs good or bad, but at the moment the signals seem a bit fuzzy. The property market remains a problem, but on the other hand the government is projecting stimulus which should aid the commodity markets. But there is still overcapacity, and where does it go? All the aluminium can’t end up in the Mexican desert; and what does the Trump ascendancy presage for trade relations between the world’s two largest economies? Looked at coldly, unfortunately I can’t see a clear signal of a consistent China once again driving the commodity freight train.
My optimism comes from a slightly different direction, and one where we have to be very cautious, as this is more commodity-selective than China’s overall appetite. As often in the past, technological development holds a key position for the market. One of the hottest topics in scientific research right now is the work being done on the storage of electricity – in other words, better, smaller and cheaper batteries. This is being driven principally – but not exclusively – by the increase in demand for electric vehicles. The beneficiaries of this demand will be lithium (obviously), cobalt and nickel – as the cathode and anode – and also copper, not directly for use in batteries, but because an electric vehicle uses something like four times the copper of a conventional one. And, of course, one should also bear in mind the increased copper usage that will come through the continuing development of charging networks.
One of many charging points for Tesla electric vehicles
For an idea of how that will roll out, look at the growth in the network of petrol stations in the first part of the 20th century. (As an aside – for those who are interested – have a look on catch-up TV for the 2016 Royal Institution Christmas Lectures, where Saiful Islam, a chemistry professor from the University of Bath, is talking precisely about this issue of power generation and storage; it’s interesting stuff.)
So, I’m not a scientist, but I can see the way the world is going, and it’s towards an environment where the renewable generation of electricity and its storage will become of increasing importance. Lithium is a clear beneficiary; right now, you would bet on nickel and cobalt, but beware – battery technology may change to use other metals…. And copper, still the most effective means of power transmission, looks very secure.
I don’t expect a boom again, but a selective investment in metals could be the right way to go in 2017.
- Published in Blog, Deep South Resources Inc., King's Bay
King’s Bay Receives Permit Approval For Lynx Lake Cu, Co Project in Labrador
King’s Bay Receives Permit Approval For Lynx Lake Cu, Co Project in Labrador
– Momentum Public Relations –
Press Release: January 11, 2017
King’s Bay Gold Corporation (TSX.V: KBG), (FSE: KGB1), operating as “King’s Bay”, a mining exploration and development company based in Vancouver, announces approval from Newfoundland and Labrador Government, Department of Natural Resources for the commencement of an electromagnetic survey in south eastern Labrador.
The focus of the airborne survey is to locate high priority drill targets for its 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned Lynx Lake Copper, Cobalt project located 100km south east of Happy Valley‐Goose Bay, Labrador.
The Lynx Lake Project has returned historical grab samples assaying up to 1.39{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu, 0.94{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Co, 0.21{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Ni and 6.5g/t Ag. Government regional low resolution residual magnetic surveys and preliminary handheld electromagnetic surveys done by local prospectors have shown strong conductors beneath the overburden, and provide incentive to explore the area further for additional subsurface mineralization. The Project is located directly adjacent to a 3 phase powerline and the Trans-Labrador Highway.
Company President Kevin Bottomley states “The granting of our permit is an important first step in the exploration process for King’s Bay. Our goal is to get working on all aspects of our Lynx Lake Copper / Cobalt property as soon as possible. The successful completion of our financing on January 3rd was a key component of that goal”.
King’s Bay will begin to prepare proposed flight line orientation and spacing for the upcoming drilling program and has begun to evaluate quotes from potential vendors.
About Cobalt
At this time, the price of cobalt is rising due to a combination of factors. Some of these factors are related to unsettled conditions in areas such as the Democratic Republic of Congo, where the majority of the world’s cobalt is recovered. Other factors include an increased demand for rechargeable batteries. A single rechargeable ion car battery contains as much as 20 kilograms of cobalt. In addition to batteries, cobalt is used in alloys for aircraft engine parts and for alloys with corrosion/wear resistant uses. Cobalt also has many medical uses; cobalt isotopes are used to produce stable dichromatic beams in “cobalt therapy”, which is used to treat cancer. Molybdenum is also an important element of interest and can be used in fertilizer as well as battery electrodes.
About King’s Bay
King’s Bay is focused on the exploration of cobalt and other high‐tech metals in North America.The company believes in this emerging fast‐growth sector and will continue to seek out and evaluate properties that show promise for development. King’s Bay Gold Corp is operating as King’s Bay.
NI 43-101 Disclosure
Ed Lyons supervised the preparation of the technical information in this news release and is a qualified person as defined by National Instrument 43-101.
On Behalf of the Board,
Kevin Bottomley
CEO, President
- Published in King's Bay, Mining, News Home
Puma Exploration (PUM:tsxv) Releases NI 43-101 Murray Brook Resource Estimate
Puma Exploration Releases NI 43-101 Measured and Indicated Sulphide Mineral Resource Estimate at Murray Brook Deposit Containing 610Mlbs of Zinc @ 5.24{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn
– Momentum Public Relations –
Press Release: December 21, 2016
In its ongoing plan of action to acquire the Murray Brook Property, Puma Exploration Inc. (TSX VENTURE:PUM)(SSE:PUMA) is pleased to announce completion of a Mineral Resource Estimate on the Murray Brook Deposit located in the Bathurst Mining Camp (BMC) in Northern New Brunswick, Canada. A technical report will be filed on SEDAR within 45 days of this news release.
Highlights:
- The underground Sulphide Mineral Resource Estimate is comprised of Measured and Indicated Mineral Resources totaling 5.28 million tonnes averaging 5.24{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 1.80{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb, 0.46{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu, 68.9 g/t Ag and 0.65 g/t Au.
- The Murray Brook Deposit (“MBD”) contains 610 Mlbs of Zinc, 209 Mlbs of Lead, 54 Mlbs of copper, 11.7 Moz of silver and 111 Koz of gold at a C$85 per tonne NSR cut-off in the Sulphide Measured and Indicated categories.
- Oct 31/16 two year trailing average metal prices for Zn (US$0.90/lb), for Pb (US$0.82/lb), for Cu (US$2.39/lb) with a $US/$C Exchange Rate $0.78 were used for calculating the Mineral Resource Estimate.
- The Measured and Indicated Mineral resource categories represent respectively 68{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} and 30{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the total Sulphide Mineral Resource Estimate and will be used to launch a PEA for underground mining operation in the first half of 2017.
- Metal recoveries to concentrate of Zn (89{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}), Pb (37{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}), Cu (51{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}) Ag (55{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}) and Au (0{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}) were used for calculating the Mineral Resource Estimate.
- The deposit starts at surface and continues, so far, to a depth of 300 meters and is open at depth and along strike with drill ready UTEM geophysical targets.
The Murray Brook Property (jointly the Mining Lease 252 and the contiguous 245 mineral Claim Block 4925/ the Camel Back Property) is located 4 km west of the producing Caribou Mine owned and operated by Trevali Mining Corporation.
The Murray Brook Deposit is hosted by sedimentary rocks of the Charlotte Brook Member in the lower part of the Mount Brittain Formation. The upper felsic volcanic member of the Mount Brittain Formation is host to the Restigouche deposit, some 10 km to the west. The Mount Brittain Formation is believed to be equivalent of the Spruce Lake Formation which hosts the Caribou Mine, 10 kilometres to the east. Many drill ready geophysical and geochemical targets will be tested during the second half of 2017.
2016 Mineral Resource Estimate
The Technical Report incorporates P&E’s NI 43-101 Mineral Resource Estimate for sulphide and oxide mineralization at a C$85/t Net Smelter Return (“NSR”) cut-off that is summarized in Table 1.
Table 1 Murray Brook Underground Mineral Resource Estimate at C$85/t NSR Cut-Off(1-4) |
||||||||||||
Zone | Category | Tonnes (‘000’s) |
Cu {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Cu M lb |
Pb {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Pb M lb |
Zn {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Zn M lb |
Au g/t |
Au K oz |
Ag g/t |
Ag M oz |
Oxide | Measured | 434 | 1.13 | 10.8 | 1.44 | 13.8 | 4.51 | 43.2 | 0.31 | 4.3 | 60.5 | 0.8 |
Indicated | 105 | 1.94 | 4.5 | 0.82 | 1.9 | 2.84 | 6.6 | 0.46 | 1.6 | 45.3 | 0.2 | |
M+I | 539 | 1.29 | 15.3 | 1.32 | 15.7 | 4.19 | 49.8 | 0.34 | 5.9 | 57.5 | 1.0 | |
Inferred | 4 | 3.94 | 0.3 | 0.19 | 0.0 | 0.62 | 0.0 | 0.46 | 0.1 | 26.6 | 0.0 | |
Sulphide | Measured | 3,681 | 0.36 | 29.0 | 1.87 | 151.9 | 5.57 | 451.7 | 0.56 | 65.8 | 70.5 | 8.3 |
Indicated | 1,603 | 0.70 | 24.8 | 1.63 | 57.4 | 4.48 | 158.4 | 0.88 | 45.1 | 65.3 | 3.4 | |
M+I | 5,284 | 0.46 | 53.8 | 1.80 | 209.3 | 5.24 | 610.1 | 0.65 | 110.9 | 68.9 | 11.7 | |
Inferred | 125 | 2.16 | 5.9 | 0.92 | 2.5 | 2.58 | 7.1 | 0.54 | 2.2 | 47.3 | 0.2 |
(1) | Mineral Resources which are not mineral reserves do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. |
(2) | The quantity and grade of reported Inferred Resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred Resources as an Indicated or Measured Mineral Resource and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured Mineral Resource category. |
(3) | The Mineral Resources in this report were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council. |
(4) | “M” means millions; “K” means thousands. |
The Mineral Resource Estimate classification was determined with the Zn grade interpolation since Zn generated the highest proportionate NSR value in the block model. The zinc price used in the Mineral Resource Estimate was US$0.90/lb. The Mineral Resource Estimate is primarily sensitive to zinc price. The NSR underground cut-off Mineral Resource Estimate sensitivity to the November 30th-2016 spot metal prices are tabulated in Table 2.
Table 2 Murray Brook Underground Spot Metal Price (Nov 30/16) Sensitivity to Resource Estimate at C$85/t NSR Cut-Off |
||||||||||||
Zone | Category | Tonnes (‘000’s) |
Cu {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Cu M lb |
Pb {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Pb M lb |
Zn {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Zn M lb |
Au g/t |
Au K oz |
Ag g/t |
Ag M oz |
Oxide | Measured | 595 | 1.05 | 13.7 | 1.24 | 16.3 | 3.88 | 50.9 | 0.33 | 6.2 | 52.7 | 1.0 |
Indicated | 172 | 1.43 | 5.4 | 0.82 | 3.1 | 2.62 | 10.0 | 0.53 | 2.9 | 42.2 | 0.2 | |
M+I | 767 | 1.13 | 19.2 | 1.14 | 19.4 | 3.60 | 60.9 | 0.37 | 9.2 | 50.3 | 1.2 | |
Inferred | 4 | 3.84 | 0.3 | 0.18 | 0.0 | 0.59 | 0.1 | 0.44 | 0.1 | 26.0 | 0.0 | |
Sulphide | Measured | 6,157 | 0.36 | 48.5 | 1.50 | 202.9 | 4.38 | 593.8 | 0.55 | 108.3 | 58.0 | 11.5 |
Indicated | 3,512 | 0.61 | 47.3 | 1.26 | 97.7 | 3.28 | 254.1 | 0.88 | 98.8 | 53.2 | 6.0 | |
M+I | 9,669 | 0.45 | 95.7 | 1.41 | 300.6 | 3.98 | 847.9 | 0.67 | 207.0 | 56.3 | 17.5 | |
Inferred | 188 | 1.85 | 7.6 | 0.81 | 3.4 | 2.24 | 9.3 | 0.56 | 3.4 | 42.7 | 0.3 |
Puma’s projections for 2017 in view of the purchase of the Murray Brook Deposit are as follows:
- Produce a new PEA (Preliminary Economic Assessment) during the first half of 2017 for HIGH GRADE ZINC zones of the sulphide portion of the deposit contained in the current Mineral Resource Estimate.
- Proceed with additional advanced recovery (metallurgical) tests on the Deposit’s mineralization, focusing on GOLD and SILVER recovery with the objective of establishing the economic value of the deposit.
- Proceed with a drilling exploration program to delineating the size of the deposit and potentially add more deposits along strike in the direction of the Caribou Mine.
Mineral Resource Estimate Methodology
The NI 43-101 Mineral Resource Estimate for sulphide and oxide mineralization at a C$85/t Net Smelter Return (“NSR”) cut-off is summarized in table 1. The drilling database of the Murray Brook Project contains 10,045 samples, all of which were analyzed for copper (“Cu”){92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}, lead (“Pb”){92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}, zinc (“Zn”){92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}, gold (“Au”) g/t and silver (“Ag”) g/t. A total of 7,964 assays from 141 drill holes have been utilized for the Mineral Resource Estimate. The drilling was carried on between 2010 to 2013.
The Murray Brook resource block model was constructed using Gemcom modeling software. The block model is oriented with X axis at 110° azimuth with 3m x 3m x 3m blocks. Inverse Distance Squared (1/d²) grade interpolation was utilized for the Cu, Pb and Zn grade interpolation on capped composites while Inverse Distance Cubed (1/d3) was used for the Au and Ag grade interpolation on uncapped composites. The average block-model mineralized bulk density was calculated to be 4.08 tonnes per cubic metre.
The resource model classification was determined from the Zn interpolation due to Zn generating the highest proportionate contribution to the NSR value in the block model. Based on the semi-variogram performance and density of the drilling data, the Measured Mineral Resource category was justified for blocks interpolated by the first pass using at least seven composites from a minimum of four drill holes within a spacing of 25 m along strike, 40 m down dip and 15 m on the across dip direction. Indicated Resources were classified to the blocks interpolated with the second pass; wheras Inferred Resources were categorized for all remaining unclassified blocks. The classifications of some blocks have been manually adjusted to represent the resource classification more reasonably.
The underground NSR block values were based on two year trailing average metal prices as of October 31, 2016, including Cu at US$2.39/lb, Pb at US$0.82/lb, Zn at US$0.90/lb, Au at US$1,200/oz, Ag at US$16.33/oz, and a $US/$CDN Exchange Rate of $0.78. Taking into consideration concentrate recoveries, refining charges, smelter payables, concentration ratio, smelter treatment charges, humidity factors and concentrate freight charges. The NSR value of the mineralized blocks was calculated using the following formula:
NSR = [(Cu{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} x 24.65) + (Pb{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} x 7.49) + (Zn{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} x 14.98) + (Au x 0.0) + (Ag x 0.24)) – 9.02]/0.78
The projected process recovery, smelter payable, concentrate, transportation and other parameters used in the NSR calculation are as follows:
Cu Concentrate Recovery | 51{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Zn Concentrate Recovery | 89{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Pb Concentrate Recovery | 37{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Ag Concentrate Recovery | 55{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Au Concentrate Recovery | 0{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Concentrate Ratio | 54:1 |
Cu Smelter Payable | 95{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Pb Smelter Payable | 95{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Zn Smelter Payable | 85{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Ag Smelter Payable | 90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Au Smelter Payable | 0{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Trucking/Storage/Ship Loading | US$30/t per WMT |
Zn Smelter Treatment Charge | US$150/t per DMT |
Cu Smelter Treatment Charge | US$100/t per DMT |
Pb Smelter Treatment Charge | US$140/t per DMT |
Concentrate Humidity Factor | 8.0{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
These data were derived from the metallurgical reports and other underground mining operations similar to that anticipated at Murray Brook.
The C$85/tonne NSR Mineral Resource Estimate cut-off was derived as follows:
C$57/tonne Mining cost |
C$24/tonne Process cost |
C$4/tonne G&A cost |
The NSR cut-off sensitivities to the Underground Mineral Resource Estimate are tabulated in Table 3.
Table 3 Sensitivity to Underground Mineral Resource Estimate of the Murray Brook Project |
|||||||||||||
Zone | Category | Cut-Off | Tonnage | Cu | Cu | Pb | Pb | Zn | Zn | Au | Au | Ag | Ag |
NSR C$/t | tonnes | {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | M lb | {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | M lb | {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | M lb | g/t | K oz | g/t | M oz | ||
Oxide | Measured | 150 | 162,150 | 1.16 | 4.2 | 2.07 | 7.4 | 6.37 | 22.8 | 0.28 | 1.5 | 82.5 | 0.4 |
125 | 246,915 | 1.16 | 6.3 | 1.81 | 9.9 | 5.65 | 30.7 | 0.29 | 2.3 | 73.4 | 0.6 | ||
100 | 353,004 | 1.15 | 9.0 | 1.58 | 12.3 | 4.94 | 38.5 | 0.30 | 3.4 | 65.4 | 0.7 | ||
85 | 434,447 | 1.13 | 10.8 | 1.44 | 13.8 | 4.51 | 43.2 | 0.31 | 4.3 | 60.5 | 0.8 | ||
70 | 529,563 | 1.09 | 12.7 | 1.31 | 15.3 | 4.11 | 47.9 | 0.32 | 5.4 | 55.6 | 0.9 | ||
60 | 608,171 | 1.06 | 14.2 | 1.22 | 16.3 | 3.81 | 51.1 | 0.33 | 6.4 | 52.2 | 1.0 | ||
Indicated | 150 | 23,945 | 3.09 | 1.6 | 0.91 | 0.5 | 3.41 | 1.8 | 0.36 | 0.3 | 49.9 | 0.0 | |
125 | 47,425 | 2.74 | 2.9 | 0.82 | 0.9 | 3.07 | 3.2 | 0.37 | 0.6 | 46.7 | 0.1 | ||
100 | 76,518 | 2.29 | 3.9 | 0.81 | 1.4 | 2.93 | 4.9 | 0.41 | 1.0 | 46.0 | 0.1 | ||
85 | 105,137 | 1.94 | 4.5 | 0.82 | 1.9 | 2.84 | 6.6 | 0.46 | 1.6 | 45.3 | 0.2 | ||
70 | 141,525 | 1.64 | 5.1 | 0.83 | 2.6 | 2.71 | 8.5 | 0.51 | 2.3 | 43.6 | 0.2 | ||
60 | 173,484 | 1.45 | 5.6 | 0.81 | 3.1 | 2.58 | 9.9 | 0.53 | 2.9 | 42.0 | 0.2 | ||
Inferred | 150 | 1,503 | 4.49 | 0.1 | 0.19 | 0.0 | 0.86 | 0.0 | 0.51 | 0.0 | 29.4 | 0.0 | |
125 | 2,271 | 4.34 | 0.2 | 0.19 | 0.0 | 0.76 | 0.0 | 0.50 | 0.0 | 28.7 | 0.0 | ||
100 | 3,215 | 4.08 | 0.3 | 0.18 | 0.0 | 0.63 | 0.0 | 0.47 | 0.0 | 26.7 | 0.0 | ||
85 | 3,595 | 3.94 | 0.3 | 0.19 | 0.0 | 0.62 | 0.0 | 0.46 | 0.1 | 26.6 | 0.0 | ||
70 | 3,917 | 3.82 | 0.3 | 0.18 | 0.0 | 0.59 | 0.1 | 0.44 | 0.1 | 25.9 | 0.0 | ||
60 | 3,917 | 3.82 | 0.3 | 0.18 | 0.0 | 0.59 | 0.1 | 0.44 | 0.1 | 25.9 | 0.0 | ||
Sulphide | Measured | 150 | 1,318,497 | 0.33 | 9.7 | 2.71 | 78.8 | 8.05 | 234.0 | 0.63 | 26.5 | 99.3 | 4.2 |
125 | 1,910,405 | 0.34 | 14.1 | 2.41 | 101.3 | 7.19 | 302.8 | 0.59 | 36.3 | 88.5 | 5.4 | ||
100 | 2,819,661 | 0.35 | 21.5 | 2.08 | 129.5 | 6.23 | 387.4 | 0.56 | 51.1 | 77.4 | 7.0 | ||
85 | 3,680,679 | 0.36 | 29.0 | 1.87 | 151.9 | 5.57 | 451.7 | 0.56 | 65.8 | 70.5 | 8.3 | ||
70 | 4,953,664 | 0.37 | 40.5 | 1.65 | 180.0 | 4.85 | 529.2 | 0.55 | 88.2 | 63.4 | 10.1 | ||
60 | 6,072,003 | 0.38 | 51.0 | 1.50 | 200.5 | 4.37 | 585.3 | 0.55 | 107.4 | 58.5 | 11.4 | ||
Indicated | 150 | 368,910 | 0.45 | 3.6 | 2.97 | 24.2 | 8.10 | 65.9 | 1.00 | 11.9 | 105.7 | 1.3 | |
125 | 585,896 | 0.60 | 7.7 | 2.42 | 31.2 | 6.80 | 87.9 | 0.89 | 16.7 | 88.4 | 1.7 | ||
100 | 1,032,294 | 0.69 | 15.7 | 1.90 | 43.3 | 5.40 | 123.0 | 0.85 | 28.3 | 73.2 | 2.4 | ||
85 | 1,602,774 | 0.70 | 24.8 | 1.63 | 57.4 | 4.48 | 158.4 | 0.88 | 45.1 | 65.3 | 3.4 | ||
70 | 2,669,331 | 0.66 | 38.8 | 1.38 | 81.3 | 3.64 | 214.1 | 0.89 | 76.6 | 57.7 | 5.0 | ||
60 | 3,548,682 | 0.64 | 50.0 | 1.25 | 97.9 | 3.23 | 252.5 | 0.88 | 100.5 | 53.2 | 6.1 | ||
Inferred | 150 | 31,661 | 2.14 | 1.5 | 1.67 | 1.2 | 4.66 | 3.2 | 0.63 | 0.6 | 70.6 | 0.1 | |
125 | 53,133 | 2.33 | 2.7 | 1.31 | 1.5 | 3.74 | 4.4 | 0.58 | 1.0 | 59.4 | 0.1 | ||
100 | 92,588 | 2.29 | 4.7 | 1.02 | 2.1 | 2.92 | 6.0 | 0.55 | 1.6 | 50.7 | 0.2 | ||
85 | 124,834 | 2.16 | 5.9 | 0.92 | 2.5 | 2.58 | 7.1 | 0.54 | 2.2 | 47.3 | 0.2 | ||
70 | 167,127 | 1.98 | 7.3 | 0.82 | 3.0 | 2.28 | 8.4 | 0.55 | 2.9 | 43.8 | 0.2 | ||
60 | 201,151 | 1.84 | 8.2 | 0.77 | 3.4 | 2.13 | 9.4 | 0.55 | 3.6 | 41.4 | 0.3 |
About Puma Exploration Inc.
Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The Company’s major assets are the Turgeon Zinc-Copper Project and the Nicholas-Denys Project in New Brunswick and an equity interest in Black Widow Resources related to the Little Stull Lake Gold Project in Manitoba. Puma’s objective for the coming year is to focus its exploration efforts in New Brunswick. Canada.
You can visit us on Facebook and Twitter.
Learn more by consulting www.pumaexploration.com for further information on Puma Exploration Inc.
Qualified Persons Statement
Eugene Puritch, P.Eng. and Yungang Wu, P.Geo. are the Independent Qualified Persons responsible for the Murray Brook Deposit underground Mineral Resource Estimate disclosed in this press release.
Eugene Puritch, P.Eng., President of P&E Mining Consultants Inc. has. reviewed and approved the technical contents of this press release. The contents of this press release were prepared by Marcel Robillard, P.Geo., 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.
- Published in Mining, News Home, Puma Exploration
Puma Exploration to Acquire 100 of Murray Brook Deposit and Significant Land Package
Puma Exploration to Acquire 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of Murray Brook Deposit and Significant Land Package in the Brunswick Belt in New Brunswick
– Momentum Public Relations –
Press Release: October 13, 2016
Puma Exploration (TSX VENTURE:PUM)(SSE:PUMA) is pleased to announce that it has executed an asset purchase agreement with Votorantim Metals Canada Inc. and signed a letter of intent with El Nino Ventures (ELN-V) to acquire, respectively, approximatively 67.9{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} and 32.1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} beneficial interest in the Murray Brook Zn-Pb-Cu-Ag Volcanogenic Massive Sulphide (“VMS”) deposit located in the famous Bathurst Mining Camp (“BMC”) of northern New Brunswick. The Murray Brook property consists of Mining Lease 252 and contiguous Mineral Claim Block 4925 (245 claims) located 4 km west of the producing Caribou Mine, which is owned and operated by Trevali Mining Corporation. Both of the aforementioned transactions are expected to close on or about November 15th, 2016.
HIGHLIGHTS:
• The Murray Brook deposit contains historical resources of 1 billion pounds (lbs) of zinc, 183 million lbs of copper, 390 million lbs of lead, 23.9 million ounces (“oz”) silver and 338,000 oz. of gold within historical Measured and indicated Resources of 17,884,000 tons @ 2.73{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 0.47{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu, 0.99{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb, 41.7 grams per ton (“g/t Ag”) and 0.59 g/T Au. The historical resource estimates were prepared for Votorantim Metals Canada Inc in accordance with NI43-101. in 2012 from 132 holes and use terminology compliant with current reporting standards. Puma has not made any attempt to re-classify the estimates according to current standards of disclosure and is not treating the estimate as current mineral resources or mineral reserves. Investors are cautioned that “historical resources” are considered conceptual in nature and there is no guarantee that historic “potential resources” will be able to be converted into current NI43-101 resource categories or demonstrate economic viability. A qualified person has no done sufficient work to classify the historical estimate as current mineral resources.
• Preliminary metallurgical tests indicated recoveries of up to 88{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} zinc.
• Gravity and soil geochemical targets exist along strike from the Murray Brook deposit and there are high priority drill-ready targets in favorable stratigraphy and along strike from the nearby Caribou Mine within Mineral Claim Block 4925.
Marcel Robillard, president of Puma, said “I am very pleased that we have been able to reach agreement with Votorantim Metals Canada Inc. and El Nino Ventures Inc. to acquire 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the Murray Brook deposit and look forward to completing the definite transactions by November 15th, 2016. The next step will be to update the historical Resources Estimate done in 2012 and the PEA released in 2013 to show the actual metal prices. This acquisition is another step to become a leader in Zinc Exploration in New Brunswick and it is a substantial addition to our portfolio of base metals projects in New Brunswick, which include the Turgeon, Nicholas-Denys and the newly acquired Red Brook projects.”
The Murray Brook VMS deposit is hosted within a sheath fold; enveloped by a halo of chlorite-sericite alteration. There are 2 distinct lenses to the deposit; a western lens, which is deeper and zinc-rich, and an eastern lens that is shallower and copper-rich with some zinc. The bottom of the deposit is approximately 350 meters below surface.
Table 2. Selected drill-hole intersections at Murray Brook Deposit
Hole ID | From (m) |
To (m) |
Interval (m) |
Cu {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Pb {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Zn {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Au (g/t) |
Ag (g/t) |
MB-2012-138 | 182.00 | 226.00 | 44.00 | 0.19 | 4.90 | 9.16 | 0.68 | 164 |
MB-2011-52 | 181.00 | 224.00 | 43.00 | 0.29 | 3.64 | 8.51 | 0.99 | 118 |
MB-2012-132 | 165.00 | 200.00 | 35.00 | 0.14 | 3.48 | 10.35 | 1.36 | 121 |
MB-2012-110 | 108.00 | 154.00 | 46.00 | 0.08 | 1.46 | 6.96 | 0.23 | 57 |
MB-2011-49 | 118.00 | 157.00 | 39.00 | 0.32 | 3.22 | 7.67 | 1.39 | 120 |
MB-2012-107 | 60.00 | 93.00 | 33.00 | 0.10 | 2.63 | 8.66 | 0.33 | 109 |
MB-2012-70 | 211.00 | 234.00 | 23.00 | 0.41 | 4.74 | 11.94 | 1.56 | 153 |
MB-2012-90 | 165.00 | 189.00 | 24.00 | 0.13 | 4.22 | 11.10 | 0.74 | 160 |
MB-10-16 | 44.00 | 71.00 | 27.00 | 0.47 | 3.39 | 9.56 | 0.12 | 122 |
MB-2011-39 | 190.00 | 210.00 | 20.00 | 0.18 | 3.82 | 10.90 | 1.34 | 115 |
MB-2011-30 | 55.00 | 78.00 | 23.00 | 0.14 | 3.03 | 8.93 | 0.46 | 131 |
The Murray Brook VMS deposit is hosted within sedimentary rocks of the Mount Brittain formation. Recent geological mapping has identified exposures of the same rocks to the east of the deposit (on Mineral Claim Block 4925), that have not been recognized in the past. Notably, several gravity anomalies defined by a recent ground survey as well as a number of lead-zinc in-soil anomalies are coincident with the mapped exposures of the Mount Brittain formation and provide excellent targets for diamond drilling in efforts to find additional mineralization. Of note, the Murray Brook VMS deposit shows up prominently as a strong gravity anomaly coincident with strong lead and zinc in-soil values. Additionally, large-loop electromagnetic surveys (Pulse EM) are warranted in the immediate locale of the deposit itself and along strike from it, to assist in finding satellite deposits to the known mineralization.
Terms of the transactions:
Puma will acquire Votorantim Metals Canada Inc.’s 67.9{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} beneficial interest and El Nino Ventures Inc.’s 32.1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} beneficial interests in the Murray Brook property by concluding two (2) distinct transactions.
To acquire Votorantim Metals Canada interest (67.9{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce})
a. C$1.0 million upon closing (no later than November 15th, 2016)
b. C$2.0 million payable 12 months from closing
c. C$3.0 million upon the earliest of commercial production or September 30th, 2019,
plus a laddered NSR starting at 0.25{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} at a zinc price of US$1.04/lb and increasing, in increments of 0.25{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}, to a maximum of 1.75{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} above US$1.50/lb Zn in relation to 67.9{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the production from the Murray Brook Property, which includes the Mining Lease and the Camel Back claims, for actual Murray Brook deposit and any new discovery for their respective life of mine.
Additionally, Puma will assume and fund Votorantim Metals Canada Inc.’s liability for the C$2 million Environmental Bond Letter of Credit with the New Brunswick government and assume the C$3 million + 0.25{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} NSR or the 1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} NSR, December 2017 option payment obligation to Murray Brook Minerals.
To acquire El Nino Ventures’s interest (32.1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce})
a. C$50,000 non-refundable deposit to be paid 10 days following the waiver of the ROFR from El Nino. This deposit becomes binding on receipt of the waiver of the ROFR from El Nino.
b. C$0.6 million upon closing of this transaction (no later than Nov.15th, 2016)
c. C$0.4 million payable six (6) months after the closing (no later than May.15th, 2017)
d. C$1.0 million payable twelve (12) months from closing (no later than Nov.15th, 2017)
e. C$1.0 million payable twelve (24) months from closing (no later than Nov.15th, 2018)
f. 2,000,000 warrants given the right to buy 2,000,000 Puma’s ordinary shares expiring 3 year after the closing of the transaction based on the following exercise prices:
1) 0 to Year 1 (Nov 15, 2017): Equal to the price of the acquisition equity financing;
2) Year 1 to Year 2 (Nov 15, 2018): a 20{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} premium to the price indicated in 1) above;
3) Year 2 to Year 3: a 20{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} premium to the price indicated in 2) above,
plus a laddered NSR starting at 0.25{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} at a zinc price of US$1.04/lb and increasing, in increments of 0.25{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}, to a maximum of 1.75{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} above US$1.50/lb Zn in relation to 32{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the production from the Murray Brook Property, which includes the Mining Lease and the Camel Back claims, for actual Murray Brook deposit and any new discovery for their respectively LOM.
Votorantim Metals Canada Inc. will retain title to the project as security until the assumption of the environmental liability has been completed and Votorantim Metals Canada Inc.’s liability is released by the Government of New Brunswick.
About BMC
The BMC is a well-established mining district hosting numerous mines with infrastructures mines and deposits including the Brunswick No. 12 deposit, having produced zinc, lead, silver and gold for well over 60 years. In addition to Brunswick No. 12, there are more than 30 other massive sulphide deposits and numerous prospects in the BMC, attesting to its vast world-class endowment and mineral potential.
About Puma Exploration
Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The Company’s major assets are the Turgeon Zinc-Copper Project and the Nicholas-Denys Project in New Brunswick and their equity interest in BWR as related to the Little Stull Lake Gold Project in Manitoba. Puma is focusing its exploration efforts in New Brunswick. Canada.
To view the maps associated with this press release, please visit the following links:
Puma Exploration Acquisition: http://media3.marketwire.com/docs/490_Acquisition.pdf
Geophysical Targets on Murray Brook Claims: http://media3.marketwire.com/docs/490_GphTargets.pdf
You can visit us on Facebook and Twitter.
Learn more by clicking here: www.pumaexploration.com
- Published in Mining, News Home, Puma Exploration
Puma Exploration Inc. (PUM:tsxv) Finalizes Negotiations on a Definitive Sale Agreement with BWR Exploration on Little Stull Lake Gold Project, Manitoba
Puma Exploration Inc. (PUM:tsxv) Finalizes Negotiations on a Definitive Sale Agreement with BWR Exploration on Little Stull Lake Gold Project, Manitoba
– Momentum Public Relations –
Press Release: October 7th, 2016
Puma Exploration (TSX VENTURE:PUM)(SSE:PUMA) has executed a definitive sale agreement, whereby BWR can acquire 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} interest in the Little Stull Lake Gold project in Northern Manitoba from Puma Exploration Inc. (“Puma”). The closing is subject to the approval of the TSX Venture exchange.
Definitive Agreement
The main elements of the definitive agreement include:
- Cash payments of $150,000 to Puma; the first $50,000 was paid upon signing the LOI on July 11, 2016, there are two additional milestone payments of $50,000 each, payable within 30 days of Edmund Lake and Kistigan Mineral Exploration Licenses being granted and transferred to BWR by Manitoba Department of Natural Resources.
- Puma will receive up to 10 million BWR common shares, of which 4,750,000 are subject to escrow provisions. 4,750,000 of the first 5,000,000 securities will be delivered to Puma upon execution and approval of the definitive agreement to be released in increments over a 36-month period, 250,000 shares will similarly be delivered as directed by Puma to a finder. The additional 5,000,000 additional securities are to be delivered to Puma as directed by Puma, upon certain exploration and development milestones being met by BWR over the next several years as follows:
- 1 million shares to be issued once 500,000 ounces of gold have been identified in the measured and indicated category;
- 1 million additional shares to be issued once 1,000,000 ounces of gold have been identified in the measured and indicated category;
- 1 million additional shares to be issued once a positive preliminary economic analysis has been prepared;
- 2 million additional shares to be issued upon delivery of positive feasibility study.
Notwithstanding the above, with respect to the additional 5,000,000 securities, BWR must expend $1.5 million in exploration within the first 36 months of the effective date. Failure on the part of BWR to do so will result in the additional 5,000,000 securities being issued to Puma in accordance with provisions of the escrow agreement.
- Puma has nominated Marcel Robillard to be their representative on the BWR Board of Directors as part of the agreement. BWR has agreed to add Mr. Robillard to its’ Board of Directors upon closing of the agreement.
- Puma will have the right to maintain its’ pro rata equity interest in BWR by investing in future financings of BWR for as long as it maintains greater than 10{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} equity. The pro rata equity interest calculation is as if Puma has received all 9.75 million shares.
- If commercial production is attained at the Little Stull Lake Project, Puma retains a non-buyable 1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} NSR.
- BWR has assumed Puma’s right of first refusal regarding an underlying 1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} net smelter royalty that is payable to Tanqueray Resources Inc. (“Tanqueray”). This underlying royalty is buyable in its entirety at anytime for $3 million by BWR, Tanqueray has consented to this assignment.
The Little Stull Lake Gold Project
The Little Stull Lake Gold project consists of 20 staked mining claims covering approximately 2,387 hectares that cover the main exploration sites for the project. The staked claims were originally staked in 1984 and have applied assessment credits making them valid until 2025. The 20 claims are surrounded by the Kistigan Mineral Exploration License (M.E.L. 1026A) application covering an area of approximately 15,640 hectares. The western extension of the project is covered by the Edmund Mineral Exploration License (M.E.L. 426A) application covering an area of approximately 20,308 hectares. The Little Stull Lake Project covers exploration rights over a total of 38,335 hectares (approximately 384 square kilometers), including the 20 claims and the two Mineral Exploration Licenses.
Historical results on Project
Historical drilling has been carried out in three drill campaigns, initially by Westmin Resources Inc. in the period 1984 to 1990 when 202 drill-holes were completed totalling 34,498 meters, followed by Wolfden Resources Inc. drilling 7 holes in 2000 totalling 1,423 meters, followed by Puma Exploration drilling 10 holes in 2007 totalling 1,500 meters. These 219 drill holes represent an aggregate of 37,421 metres, the analysis of which resulted in the delineation of five separate zones of gold mineralization along a 6.2 kilometre geological structure. Most of the drilling focussed on the West Zone reported by Westmin in 1991, to contain a potential resource estimate of 750,000 tons averaging 10.5 g/t Au as recorded in Open file 90-2 by Manitoba Department of Energy and Mines (p 58), also reported in Canadian Intergovernmental Working Group on Mineral Industry, in 2008. The Westmin resource estimate is considered historical in nature and was done prior to the implementation of NI 43-101 reporting requirements and adoption of CIM Guidelines for Estimation of Mineral Resources and Reserves, however the reported resource estimate is considered relevant as it has been used as reference to the gold potential of the region in various technical reports about the area by government agencies. A Qualified Person has not done sufficient work to classify this historical estimate and the Company is not treating this historical estimate as a current mineral resource estimate.
Recent activity in Project area
Most notably, in June, 2015 Yamana Gold (TSX:YRI) acquired Mega Precious Metals (TSX VENTURE:MGP), in a share transaction valued at an estimated $17.5 million. As a result of this corporate takeover, Yamana now holds title to the Monument Bay Gold Deposit, that is located approximately 20 km southwest of BWR’s Little Stull Lake Gold Project. The Little Stull Lake mineralized gold zones lie in a similar geological environment to those on the Monument Bay property. Recent news by Yamana includes an update press release on September 6, 2016 where they report an Indicated Mineral Resource of 1.787 million ounces of gold contained in 36.58 million tonnes at a grade of 1.52 g/t Au and an Inferred Mineral Resource of 1.781 million ounces of gold contained in 41.97 million tonnes at an average grade of 1.32 g/t Au. The mineralization hosted on the Monument Bay property is not necessarily indicative of the mineralization, if any, hosted on the Company’s property.
“BWR is excited about this new exploration and development opportunity acquired from Puma Exploration. Our Board of Directors is looking forward to working with Marcel Robillard of Puma over the next several years as the Little Stull Lake Gold Project matures from an attractive exploration project into what BWR hopes to be a development project. Puma will continue focussing their exploration efforts on their base metal assets in New Brunswick while BWR focuses on this exciting gold project.” notes Neil Novak, President and CEO of BWR Exploration Inc.
BWR is a public company (TSX VENTURE:BWR) focused on exploring early stage projects for base and precious metals, with three exploration projects in Northern Ontario, and more recently one in Northern Quebec, Canada. Management of BWR includes an accomplished group of exploration/mining specialists with many decades of operational experience in the junior resource sector. There are currently 39,191,961 shares issued in BWR prior to this transaction.
The contents of this press release were prepared by Dominique Gagné, PGeo, a Qualified Person as defined in NI 43-101. The samples were analyzed at the ALS Chemex laboratory in Val d’Or using the atomic absorption and ICP methods. There is not enough drilling data presently available to determine the shape and true width of the mineralized zone. 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.
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 BWR 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. BWR Exploration Inc. undertakes no responsibility to publicly update or revise any forward-looking statements. These risks and uncertainties include: the uncertainty of completing the acquisition of the project from Puma at all as the final acquisition is subject to regulatory approval, or on the terms described in this press release, or that actual results obtained by BWR in the future may differ materially from the historical results described in this press release, which historical results have not been verified by BWR. In addition, readers of this press release should review the risks and uncertainties that are described in the quarterly and annual reports and in the documents submitted to the securities administration. Neither the Toronto 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.
About Puma Exploration
Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The Company’s major assets are the Turgeon Zinc-Copper Project and the Nicholas-Denys Project in New Brunswick and their equity interest in BWR as related to the Little Stull Lake Gold Project in Manitoba. Puma is focusing its exploration efforts in New Brunswick. Canada.
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Learn more by clicking here: www.pumaexploration.com
- Published in Mining, News Home, Puma Exploration
Puma Exploration Samples 6.04 Zn Over 3.0 Meters at Red Brook Cu-Au-Zn Skarn
Puma Exploration Samples 6.04{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn Over 3.0 Meters at Red Brook Cu-Au-Zn Skarn in New Brunswick
– Momentum Public Relations –
Press Release: October 3rd, 2016
Puma Exploration (TSX VENTURE:PUM)(SSE:PUMA) has completed its preliminary channeling program on the Red Brook Skarn property located in New Brunswick. The high grade zinc skarn discovered during the stripping has been confirmed with 2 channels sampled in Zone A with respectively 6.04{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn over 3.0 meters and 5.2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn over 1.5 meters. All the samples collected show significant copper background content with an average copper grade of 0.20{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu for the entire 119 channel samples. A gold and copper association has been observed in channels particularly in zone A with 0.10 g/t Au and 0.23{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu over 15.8 meters.
Following the grab results of the first phase of exploration, grading up to 15,05{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 0,55{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu and 2,62 g/t Au (Press release 2016/09/20), Puma’s technical team has been performing channel sampling on the four (4) mineralized excavated zones of the Red Brook property. Seven (7) channels have been collected on both Zones (A and B) for a total of 64.3 meters of channel distributed in 119 individual samples.
The channels were selected to confirm the high grade grab samples results and to study the metal zonation of the Zinc and Gold within the Copper mineralization.
Table 1: Channel samples results on the Zones A and B
Channel | Zone | From | To | Length | Au | Ag | Cu | Zn |
# | (m) | (m) | (m) | g/t | g/t | {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
RRB16-01 | A | 2.0 | 8.0 | 6.0 | 0.17 | 1.85 | 0.25 | 0.02 |
RRB16-02 | A | 1.5 | 17.3 | 15.8 | 0.10 | 1.34 | 0.23 | 0.55 |
inclus | 5.5 | 8.5 | 3.0 | 0.01 | 1.43 | 0.12 | 2.91 | |
inclus | 6.0 | 7.5 | 1.5 | 0.00 | 1.56 | 0.11 | 5.20 | |
inclus | 8.5 | 17.3 | 8.8 | 0.14 | 1.37 | 0.28 | 0.01 | |
RRB16-03 | A | 0.0 | 11.0 | 11.0 | 0.07 | 1.93 | 0.23 | 1.68 |
inclus | 0.0 | 1.5 | 1.5 | 0.29 | 2.56 | 0.26 | 0.01 | |
inclus | 6.5 | 10.5 | 4.0 | 0.01 | 1.91 | 0.19 | 4.59 | |
inclus | 6.5 | 9.5 | 3.0 | 0.00 | 1.90 | 0.20 | 6.04 | |
RRB16-04 | B | 0.5 | 3.0 | 2.5 | 0.10 | 3.06 | 0.27 | 0.00 |
RRB16-05 | B | 0.0 | 6.0 | 6.0 | 0.04 | 1.07 | 0.11 | 0.00 |
RRB16-06 | B | 0.0 | 6.5 | 6.5 | 0.05 | 0.96 | 0.23 | 0.00 |
RRB16-07 | B | 0.0 | 6.6 | 6.6 | 0.00 | 0.84 | 0.16 | 0.01 |
In the light of the first channel results obtained, Zone A shows a higher grade Zn-Au-Cu. Zone B, located 300 meters south of the Zone A, shows the same background of copper in the skarn but with limited gold and zinc enrichment.
More stripping operations will be conducted on Zone B to verify any gold and zinc rich areas of the mineralization which is open in all directions. Currently, more channels sampling is ongoing on the Zone A to extend the known massive sulphide high grade gold and zinc areas.
Puma’s geologists have finalized the compilation of previous work done on the Red Brook property and the surrounding Popelogan area. It appears that the Popelogan Deposit is located on the southern edge of Zone B within Puma’s claims. The newly discovered Zone B could be the extension of the Popelogan Deposit reported to have an historical resources of 3.1 M tons at 0.3 {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu. The historical resources as been defined by Noranda in 1960 by 20 drillholes and were prepared prior to the implementation of NI43-101 and use terminology not compliant with current reporting standards. Puma has not made any attempt to re-classify the estimates according to current standards of disclosure and is not treating the estimate as current mineral resources or mineral reserves. Historical estimates should not be relied upon.
The property covers an area underlain by Ordovician volcanic and Silurian sediments intruded by Devonian intrusions, similar in age and composition of the Gaspe intrusive.
About Red Brook Property
The Red Brook project comprises 23 claims totaling 500 hectares located 50 km west of Nicholas-Denys Project. The property has been acquired from a local prospector in 2016 following the discovery of a high grade Zinc zone contained in massive sulfides. This mineralized zone is located at the contact of an intrusive body in a folded limestone horizon which is part of the Popelogan terrane. The Popelogan deposit is located within the Reb Brook Property.
About Puma Exploration
Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The Company’s major assets are the Turgeon Zinc-Copper Project and the Nicholas-Denys Project in New Brunswick and their equity interest in BWR as related to the Little Stull Lake Gold Project in Manitoba. Puma is focusing its exploration efforts in New Brunswick. Canada.
- Published in Mining, News Home, Puma Exploration
Puma Samples (PUM:tsxv) 15.1 Cu on the Red Brook Skarn in New Brunswick
Puma Samples 15.1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 2.6 g/t Au and 0.55{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu on the Red Brook Skarn in New Brunswick
– Momentum Public Relations –
Press Release: Sept. 22, 2016
Puma Exploration (TSX VENTURE:PUM)(SSE:PUMA) has completed the first phase of exploration on its new Red Brook property in New Brunswick. The program, consisting of prospecting, trenching, stripping and channel sampling, significantly expanded the size of the original discovery and revealed three (3) new massive sulphide-rich skarn zones along strike with grab samples grading up-to 15.1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 2.6 g/t Au and 0.55{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu.
Puma’s geologists have now prospected the entire claim bloc and have increased the size of the initial discovery zone from the original 5 by 15 meters to 50 by 50 fully striped meters. Rocks exposed in this zone (Zone A) consist of skarn, limestone and hornfels in contact with a Devonian porphyric granodiorite. A total of 50 grab samples were collected from the excavated area and show distinct metal zonation, including high grade zinc and gold within a significant copper background. The sulphide zone is composed by sphalerite, chalcopyrite, pyrite and pyrrhotite with the highest zinc values grading 15.1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 12.0{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 8.7{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn and 8.2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn and the highest gold values grading 2.6 g/t Au, 1.6 g/t Au and 0.95 g/t Au. The average copper content for the 50 samples in Zone A is 0.27{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu.
Table 1: Selected Grab samples collected from Zone A of the Red Brook Property
Metals | Sample | X | Y | Au | Ag | Cu | Zn | |||
# | Nad83 z19 | Nad83 z19 | g/t | g/t | {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | ||||
ZINC | R668158 | 678262 | 5293842 | <0.01 | 1.7 | 0.18 | 8.13 | |||
R668160 | 678259 | 5293846 | <0.01 | 1.9 | 0.17 | 7.02 | ||||
R668161 | 678257 | 5293845 | 0.01 | 2.1 | 0.18 | 6.98 | ||||
R668162 | 678255 | 5293845 | 0.02 | 4.0 | 0.17 | 7.70 | ||||
R668163 | 678262 | 5293841 | <0.01 | 2.0 | 0.20 | 8.20 | ||||
R669916 | 678275 | 5293843 | 0.03 | 2.7 | 0.25 | 8.79 | ||||
R669917 | 678274 | 5293843 | 0.04 | 3.0 | 0.19 | 12.10 | ||||
R669925 | 678276 | 5293845 | 0.04 | 2.7 | 0.21 | 15.05 | ||||
GOLD-COPPER | R668156 | 678257 | 5293842 | 0.28 | 3.3 | 0.47 | 0.02 | |||
R668165 | 678262 | 5293845 | 0.13 | 1.5 | 0.22 | 0.02 | ||||
R668166 | 678264 | 5293846 | 0.21 | 1.6 | 0.43 | 0.01 | ||||
R668169 | 678263 | 5293853 | 0.44 | 2.0 | 0.29 | 0.01 | ||||
R668170 | 678261 | 5293857 | 0.95 | 3.4 | 0.45 | 0.02 | ||||
R668172 | 678257 | 5293867 | 2.62 | 2.3 | 0.44 | 0.01 | ||||
R668173 | 678255 | 5293869 | 0.24 | 1.5 | 0.31 | 0.01 | ||||
R668174 | 678255 | 5293872 | 1.61 | 1.9 | 0.36 | 0.01 | ||||
R668175 | 678254 | 5293874 | 0.91 | 1.0 | 0.18 | 0.00 | ||||
R668181 | 678246 | 5293846 | 0.27 | 2.9 | 0.45 | 0.06 | ||||
R668183 | 678242 | 5293863 | 0.53 | 3.9 | 0.43 | 0.02 | ||||
R668185 | 678248 | 5293847 | 0.22 | 1.4 | 0.33 | 0.07 | ||||
R668187 | 678255 | 5293839 | 0.79 | 4.3 | 0.55 | 0.02 | ||||
R668190 | 678254 | 5293837 | 0.33 | 1.8 | 0.34 | 0.01 | ||||
R668191 | 678243 | 5293837 | 0.19 | 1.8 | 0.32 | 0.03 | ||||
R668193 | 678238 | 5293844 | 0.32 | 0.9 | 0.26 | 0.01 |
Following the stripping of Zone A, containing mineralization that still open in all direction, exploration trenches discovered a major massive sulfide zone located 350 meters south of Zone A along the skarn horizon. This new zone has been partially stripped with three 15 by 15 meter pits spaced over a length of 100 meters. These pits expose massive to semi-massive sulphides in skarn. The zone is open in all directions.
A total of 24 grab samples were collected from the new mineralized zone (Zone B) with results grading up to 0.48{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu and 0.33 g/t Au. The average copper content of the 24 samples collected is 0.22{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu. The geology is similar than in Zone A showing skarn and limestone in contact with a Devonian intrusive.
Table 2: Selected Grab samples collected from Zone B of the Red Brook Property
Sample | X | Y | Au | Ag | Cu | |||
# | NAD83 Z19 | NAD83 Z19 | g/t | g/t | {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |||
R668195 | 678214 | 5293546 | 0.05 | 1.5 | 0.18 | |||
R668196 | 678214 | 5293548 | 0.14 | 1.6 | 0.22 | |||
R668197 | 678217 | 5293551 | 0.19 | 1.3 | 0.14 | |||
R668198 | 678216 | 5293544 | 0.08 | 1.2 | 0.13 | |||
R668199 | 678208 | 5293543 | 0.07 | 3.3 | 0.30 | |||
R668200 | 678207 | 5293554 | 0.33 | 2.5 | 0.24 | |||
R669903 | 678296 | 5293500 | <0.01 | 1.5 | 0.28 | |||
R669905 | 678257 | 5293494 | 0.01 | 1.6 | 0.35 | |||
R669906 | 678262 | 5293491 | <0.01 | 2.0 | 0.36 | |||
R669908 | 678266 | 5293484 | <0.01 | 0.8 | 0.25 | |||
R669910 | 678229 | 5293514 | 0.03 | 2.0 | 0.48 | |||
R669911 | 678231 | 5293516 | 0.03 | 0.9 | 0.21 | |||
R669913 | 678228 | 5293524 | 0.04 | 2.2 | 0.32 | |||
R669914 | 678225 | 5293518 | 0.05 | 1.0 | 0.23 | |||
R669915 | 678223 | 5293523 | 0.17 | 1.4 | 0.27 | |||
R669924 | 678464 | 5293487 | 0.01 | 4.1 | 0.37 |
Following the stripping of these four (4) new mineralized zones, a channel sampling program was designed to verify the metal zonation and the grade of the massive sulphide area of the stripped areas. A total of 64.3 meters of channel sampling has been collected distributed in 119 individual samples. Results are pending.
About Red Brook Property
The Red Brook project comprises 23 claims totaling 500 hectares located 50 km west of Nicholas-Denys Project. The property was acquired from a local prospector in 2016 following the discovery of a high grade Zinc zone contained in massive sulfides. This mineralized zone is located at the contact of an intrusive body in a folded limestone horizon which is part of the Popelogan Terrane.
About Puma Exploration
Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The Company’s major assets are the Turgeon Zinc-Copper Project and the Nicholas-Denys Project in New Brunswick and their equity interest in BWR as related to the Little Stull Lake Gold Project in Manitoba. Puma is focusing its exploration efforts in New Brunswick. Canada.
You can visit us on Facebook and Twitter.
Learn more by clicking here: www.pumaexploration.com
The contents of this press release were prepared by Dominique Gagné, PGeo. a Qualified Person as defined in NI 43-101. The samples were analyzed at the ALS Chemex laboratory in Val d’Or using the atomic absorption and ICP methods. There is not enough drilling data presently available to determine the shape and true width of the mineralized zone. 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.
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.
Zone A figure is available at the following link: http://media3.marketwire.com/docs/1070299_ZoneA.pdf
Zone B figure is available at the following link: http://media3.marketwire.com/docs/1070299_ZoneB.pdf
Zone A&B figure is available at the following link: http://media3.marketwire.com/docs/1070299_ZoneAetB.pdf
- Published in Mining, News Home, Puma Exploration