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Murray Brook Deposit 2018 Work Program Commences14.06.2018 | 16:54 Uhr | GlobeNewswire
RIMOUSKI, Quebec, June 14, 2018 (GLOBE NEWSWIRE) -- Puma Exploration Inc. (the “Company” or “Puma”) and Trevali Mining Corp. (TSX:TV) (“Trevali”) held their first Technical Committee meeting, as contemplated in the Option Agreement signed and announced on April 30, 2018, whereby a budget of $1 million has been approved for the development and exploration work program (“Program”) on the Murray Brook Deposit (ML.252). The Murray Brook Deposit, which comprises 484 hectares, is located 10 kilometers west of Trevali’s Caribou Mine and 10 kilometers east of Trevali’s Restigouche Deposit along the favorable Caribou horizon in the Bathurst Mining Camp of New Brunswick, Canada.
The Program’s goal is to move the Murray Brook Deposit to a production decision in a timely manner. Trevali will manage the advanced engineering studies and the technical aspects of the Program and Puma will be responsible for the field exploration and geological interpretation. The budgeted amount of $1 million is to be funded proportionally 75% by Trevali and 25% by Puma. Highlights of the 2018 Work Program at the Murray Brook Deposit include the following work: • Drilling programs consisting of about 5,000 meters are fully permitted and are underway;
• Trenching programs will be conducted on the eastern side of the Deposit to locate the favorable Caribou horizon and generate new drilling targets; • Initial engineering work to define the future production pathway options; • Coordination with various government departments and agencies on the environmental protocols and bonding, and future permitting. Trevali will provide their metallurgical consulting expertise through access to the Caribou metallurgical and geochemical labs, environmental design and monitoring, access to all relevant studies and reporting, CSR expertise, the Mi’kmaq Indigenous partnership. Discussions are underway to define the 2018 and beyond field exploration programs for the Strategic Exploration Alliance (refer to press release 02/03/2018 and 30/04/2018) in the Restigouche–Armstrong Belt region covering more than 32,000 hectares of prospective land in the northern boundary of the Bathurst Mining Camp. The Exploration Alliance 2018 field season will be released shortly. The Murray Brook Deposit The Caribou Mine About Puma Exploration Inc. About Trevali Mining Corporation Qualified Persons and QC/AC You can visit us on Facebook and Twitter. Learn more by consulting www.pumaexploration.com for further information on Puma Exploration Inc. Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Puma Exploration Inc. to be materially different from actual future results and achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date the statements were made, except as required by law. Puma Exploration undertakes no obligation to publicly update or revise any forward-looking statements. These risks and uncertainties are described in the quarterly and annual reports and in the documents submitted to the securities administration. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/409f894c-14dd-4d44-810b-4d04e654c082 Dieser Artikel stammt von Rohstoff-Welt.de
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