Tuesday, 19th June 2007 (2161 views)

Drilling has begun at Puma Exploration's Little Stull Lake gold deposit in Manitoba, Canada.

Westmin Resources estimated Little Skull Lake to hold around 250,000 ounces of gold in 1989 and the primary objective of the current exploration will be to confirm these estimates.

Another aim of the 3,000-metre drilling campaign on Little Stull Lake is to outline a gold deposit containing a minimum of one million ounces of gold.

"At the end of 1991, some 200 holes totalling 30,500 metres had identified five gold bearing lenses over a distance of about 2 km. In 1988, Westmin had defined a historical resource of 373,900 tonnes at ten grammes of gold per tonne (g/t)," a Puma statement read.

Puma reveals that of the several veins containing high-grade gold mineralisation intersected during the drilling, eighteen of the holes drilled intersected rich mineralisation holding 30 g/t over one metre.

In addition to its Manitoba project, Puma mines the Nicholas-Denys property in New-Brunswick.

 

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