Puma Exploration Signs Option to Acquire Red Brook Project

Puma Exploration Inc. (TSXV:PUM) announced that it’s signed an option to acquire a 500-hectare project that contains a high-grade zinc showing. The project, called Red Brook, “has only been prospected and never drill tested.”
As quoted in the press release:

Red Brook option was acquired from a local prospector’s following his recent discovery of high grade Zinc Massive Sulphide outcrop grading up to 13% Zn, 0.23% Cu and 2.5g/t Ag. The initial excavated, 40 meters by 15 meters area, also contains a Gold and Copper zone grading up-to 1.3 g/t Au and 0.53% Cu.
During the field due diligence for the acquisition of the Red Brook project, Puma conducted a one-day reconnaissance trenching program to investigate the newly high grade zone. Three different areas were stripped on the high grade massive sulphide zones and more rock samples were collected. The results of the samples collected will be released shortly.
The mineralization is open in all directions. Currently, the planned work will consist of compiling previous work to define additional trenching and diamond drilling targets. The compilation will be used to plan the 2016 summer program.

Click here to read the full Puma Exploration Inc. (TSXV:PUM) press release.