Puma Exploration Inc. (TSXV:PUM) announced that it has acquired 5,552 hectares of prospective porphyry system targets in NorthernNew Brunswick.
As quoted in the press release:
The claims were selected following the discovery of highly mineralized zones of molybdenum, copper and silver found during drilling on its flagship Nicholas-Denys property near Bathurst (see press release 21/05/2014). The acquisitions are grouped in three distinct projects namely Benjamin, Pabineau and Green River.
Marcel Robillard, president of Puma, commented:
Our recent exploration success at the 4km diameter Nicholas-Denys porphyry and related skarn systems led us to the logical conclusion that nearby porphyries should be investigated for future acquisitions. Our review of northern New Brunswick porphyries has resulted in the acquisition of these three excellent new properties including one with promising copper-molybdenum and silver drill results. The acquisitions could potentially provide additional copper-molybdenum-silver resources in the same geological setting (Devonian age intrusion) close to existing infrastructure and the flagship Nicholas-Denys property.