Puma Exploration Reviews Database from Drill Hole at Little Stull Lake Gold Project

By Joel ScanlonMar 5 2012

Canada-based exploration company Puma Exploration has announced that it will review the database from its drill hole at the Little Stull Lake Gold Project. The company will review the database for the evaluation of the surface of an open pitable gold resource, which is equivalent to the new model of Monument Bay Gold Deposit which is owned by Mega Precious Metals in Northern Manitoba.

For the purpose of the review, the company has considered the potential, which can be gained through the open pit and underground operations at today’s gold prices so that further exploration works can be continued at the Little Stull Lake. Additional exploration will include an internal resources study.

After the review, it was established that continuous gold mineralization inside modified basalt with thickness ranging from 20-70 m and 1-2 pt grade gold covering a strike length of 2km. Most of the holes that were drilled by an earlier operator, Westmin Resources exhibited gold mineralisation and have showed a depth of 350 metres till now. Based on the reviewed information, Puma Exploration is developing a all inclusive compilation of drill hole modelisation and information to establish the substantial potential held by Little Stull Lake Gold property. The company also holds 71.6% working interest in Little Stull Lake Gold property and 100% interest in the nearby Edmond Property.