Puma Minerals Corp. Resumes Drilling at El Salado Property in Argentina

Strategic Insights -

Puma Minerals Corp. is pleased to announce that drilling has resumed on the El Salado property, located in the northern part of the 400,000 hectare Uspallata Project in Argentina. The company is exploring for large copper-gold deposits in the Uspallata Copper-Gold Porphyry Belt, a region that has shown promising results in early 1995. Previous drilling and surface sampling have indicated a large copper-gold mineralized system measuring at least 1,000 meters by 1,000 meters, with surface rock samples showing results of up to 2.16 percent copper and 0.25 g/t gold over a continuous length of 40 meters.

Key Takeaways:

  • Puma Minerals Corp. is resuming drilling at the El Salado property in Argentina, a key target in the Uspallata Project.
  • The company is exploring for large copper-gold deposits in the Uspallata Copper-Gold Porphyry Belt, which has shown encouraging results.
  • Previous drilling and surface sampling have indicated a large copper-gold mineralized system measuring at least 1,000 meters by 1,000 meters.
  • Surface rock samples showed results of up to 2.16 percent copper and 0.25 g/t gold over a continuous length of 40 meters.
  • The drilling plan consists of 25 diamond drill holes spread throughout an area measuring about 1,200 meters by 1,300 meters.
  • Puma is earning a 50 percent interest in the Uspallata Project from Argentina Mineral Development S.A. (AMD), which is 47.5 percent owned by Climax Mining Limited.
  • Bema Gold Corporation is the majority shareholder in Puma and manages the company.

Statistics:

  • 400,000 hectare: the size of the Uspallata Project in Argentina.
  • 1,000 meters by 1,000 meters: the minimum size of the copper-gold mineralized system identified by previous drilling and surface sampling.
  • 2.16 percent copper and 0.25 g/t gold: the highest results obtained from surface rock sampling over a continuous length of 40 meters.
  • 25 diamond drill holes: the planned number of drill holes to be drilled at the El Salado property.
  • 1,200 meters by 1,300 meters: the approximate area to be covered by the drilling program at El Salado.

Sources:

  • "Puma Minerals Corp. trades on the Vancouver Exchange, symbol PUM."
  • Michael J. Hopley, Vice President Corporate Development, Puma Minerals Corp.