Puma Exploration (PUM.V) has announced some assay results from an earlier drill program at its Turgeon VMS project in New Brunswick. The main eye catcher is an intercept of 6.8 meters containing 5.66% zinc, 0.38% copper and 2.3 g/t silver which is pretty good. It’s also very encouraging Puma intersected this mineralization as part of a very short 6 hole drill program which completed less than 1,400 meters of drilling.
This bodes very well for future drill programs as the Turgeon project is in an excellent location just a few kilometers away from a deep water port and a smelter operated by Xstrata. As CEO Marcel Robillard has been buying a lot of shares on the open market in the past six months, he definitely must like what he sees. Puma has recently concluded a 4-hole 1,600 meter drill program at Turgeon and we expect to receive more assay results before this summer.
> Click here to go to Puma’s website
Disclosure: The author holds no position in Puma Exploration. Please see our disclaimer for current positions.
