Puma Exploration Welcomes Denis Amoroso as Strategic Adviser to the board
RIMOUSKI, QUEBEC--(Marketwired - Oct 27, 2017) - Puma Exploration Inc. (the "Company" or "Puma") (TSX VENTURE:PUM)(SSE:PUMA) welcomes Denis Amoroso as Financial and Strategic adviser to the board of the Company. Mr. Amoroso has been in the brokerage and financial business for thirty-seven years, including 25 years as Senior Adviser at Canaccord Genuity. He was Canadian member of the Chairman's Club and member of the president's Club nine times.
A pillar in the mining sector, focusing on Quebec junior exploration companies, he raised more than $100 million over the last 30 years. He has participated in the funding of more than forty Junior Companies, starting from the exploration stage to development and finally to mining producers. "His vast knowledge of the financial sector and his contacts make him an invaluable resource for Puma Exploration, particularly in our current stage of developing the Murray Brook Project, in the Bathurst Mining Camp." Note Marcel Robillard, President of Puma Exploration.
Murray Brook Deposit (Bathurst Mining Camp)
The underground sulphide mineral resource estimate of the Murray Brook Deposit comprises measured and indicated mineral resources totalling 5.28 million tonnes averaging 5.24 per cent zinc, 1.80 per cent lead, 0.46 per cent copper, 68.9 grams per tonne silver and 0.65 g/t gold. It contains 610 million pounds of zinc, 209 million pounds of lead, 54 million pounds of copper, 11.7 million ounces of silver and 111,000 ounces of gold at a $85 per-tonne NSR (net-smelter-return) cut-off in the sulphide measured and indicated categories. On February 20th 2017, the NI 43-101 report was accepted and filed on SEDAR.
Puma is updating the PEA on the Murray Brook Deposit. Various economic and development scenarios are currently studied, from a large open pit to a high grade zinc underground operation.
About the Murray Brook Project
The Murray Brook Project consists of three (3) distinct contiguous areas that cover more than 18 kilometers of the favorable rock hosting the operating Caribou Mine (Trevali Mining Corp.), the Murray Brook Deposit and the past operating Restigouche Mine (Trevali Mining Corp.). From east to west, they are the Murray Brook East Property (4925), the Murray Brook Mining Lease (# 252) and the Murray Brook West Property (7846). The Murray Brook East and Murray Brook West Properties have been subject to various degrees of exploration and share the same potential of increasing the mineral resources defined at the Murray Brook Deposit.
About Puma Exploration Inc.
Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The Company's major assets are an option to acquire 100% per-cent beneficial interest in the Murray Brook Property, the Turgeon Zinc-Copper Project and the Nicholas-Denys Project located in New Brunswick as well as an equity interest in BWR Resources. Puma's objective for the coming year is to focus its exploration efforts in New Brunswick.
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The contents of this press release were prepared by Marcel Robillard, P.Geo., a Qualified Person as defined in NI 43-101. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Puma Exploration Inc. to be materially different from actual future results and achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date the statements were made, except as required by law. Puma Exploration undertakes no obligation to publicly update or revise any forward-looking statements. These risks and uncertainties are described in the quarterly and annual reports and in the documents submitted to the securities administration.
Contact
Marcel Robillard, President
(418) 724-0901
president@explorationpuma.com