Puma Exploration Launches Preliminary Economic Assessment on Murray Brook Zinc Deposit, New Brunswick, Canada

Puma Exploration Inc. (TSXV:PUM)(SSE:PUMA) (the “Company” or “PUMA”) has launched a Preliminary Economic Assessment (“PEA”) on its high-grade Zinc Murray Brook Deposit (the “Deposit”) located in the Bathurst Mining Camp, New Brunswick. PUMA has appointed P&E Mining Consultants Inc. (“P&E”) of Brampton, Ontario to lead the study and prepare an NI 43-101 technical report on the project by year end. P&E has previously completed an initial Mineral Resource Estimate and a positive PEA in 2013 on the high tonnage (17 M tonnes) lower grade open pit scenario of the Deposit and prepared an National Instrument 43-101 (“NI 43-101”) Mineral Resource Estimate on the underground high-grade Zinc portion of the deposit in December 2016.
As quoted in the press release:

Preliminary Economic Assessment (PEA)
The updated PEA will assess the best means of extracting the mineralization and examine whether, owing to the current prices of metals, the project should commence as an open pit whith later transition to underground operations or only as an underground scenario. The capital expenditures and operating costs will be evaluated as well as the different options to monetize the oxide Mineral Resource located on the top of the Deposit. Different mining scenarios are possible at Murray Brook, since the Deposit starts at surface to 300 metres in depth with the higher grade zone is located between 200-300 metres. The Deposit remains open at depth.
“The completion of the PEA will be a truly defining milestone for PUMA with the Murray Brook project. The potential to grow the Mineral Resource is significant according to the drill ready targets located along strike and toward the Caribou Mine” notes Marcel Robillard, PUMA’s President.

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