Puma Exploration Inc. (TSXV:PUM) announced that further drilling at its Nicholas-Denys property, located near Bathurst, New Brunswick, has confirmed the presence of a “large, near-surface copper-molybdenum system.”
As quoted in the press release:
Continuous copper and molybdenum mineralization was intersected from surface in hole FND13-04 and graded 0.10% copper equivalent (Cu Eq*) over 591 meters to outline a 180 hectares (1.2km x 1.2km) highly prospective area in the core of the porphyry.
Drill holes FND13-02, FND13-03 and FND13-04 were located to pierce low mag-high mag boundaries in a central part of the porphyry and to provide down-hole IP survey access. All three holes intersected highly altered, strongly veined and pervasively mineralized granodiorite. Drill hole FND13-01 was drilled to confirm the continuity of the Copper skarn horizon between the two main copper-iron skarn deposits located only 200 meters south of the intrusive boundary.