Exploration Puma Purchase of Three Lots Over the Former Shaft Mine at the Nicholas-Denys Project
Puma Exploration Inc. has just bought the three private properties covering the site of the former mine facilities at its Nicholas-Denys project in New Brunswick. In fact, the Company has acquired three private lots with a total area of 14.6 hectares which also include the Shaft lens and the northern portion of the Hache lens. With this acquisition Puma becomes the sole owner of the surface rights and will be able to construct the necessary infrastructure to develop the mineralized lenses in the near term and at reduced cost.
In addition, the Company is repairing 2.1 km of the access road to allow heavy trucks to travel from the main Nicholas-Denys road, which connects the Nicholas-Denys property to Highway No. 11. Following this work, the Company moved the drill core to the site so as to concentrate its operations directly on the property during 2009.
Exploration Puma is concentrating its exploration activities in New Brunswick on its Nicholas-Denys mineral property, located near Bathurst. The Company believes it is in a position to define enough ore to start a mining operation with a target resource of three to five million tonnes.
