Sustainable Mining Exploration
New Brunswick is a province rich in natural resources, qualifying as the seventh best place in the world for mineral exploration by the Fraser Institute in 2014. Puma Exploration projects are located nearby and inside the famous Bathurst Mining Camp (BMC).
Puma Exploration has become a major player in mineral exploration in New Brunswick through the acquisition of a diversified portfolio of mining properties. In 2014, the Company was honored to receive the Prospector of the Year award from The New Brunswick Prospectors and Developers Association. The Corporation benefits from the proximity of several infrastructures: In addition to the structured road network bordering its projects, a major seaport, the one of Belledune, is located near the city of Bathurst.
In addition to its portfolio of mineral properties in New Brunswick, Puma Exploration has an equity interest in BWR Exploration (BWR: TSX-V) following the Little Stull Lake (Manitoba) gold property transaction.
Flagship Project - Murray Brook
❖ A preliminary economic assessment (PEA) was obtained on the Murray Brook deposit in July 2013 by Votorantim Metals Canada Inc. A copy of the PEA was filed on SEDAR by El Nino Ventures Inc. Puma Exploration plans to update the PEA in the first half of 2018.
❖ 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”) of silver and 338,000 oz. of gold within historical Measured and Indicated Resources of 17,884,000 tons @ 2.73% Zn, 0.47% Cu, 0.99% Pb, 41.7 grams per ton (“g/t Ag”) and 0.59 g/T Au.
❖ Preliminary metallurgical tests indicated recoveries of up to 88% 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.