Consolidated Puma Minerals Corp.: Continued High Grade Results from East Chuarvi Drilling.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Consolidated Puma Minerals Corp. (TSXV:CPW (1) (Commercial Processing Workload) An IBM metric for system performance. CPW is designed for business applications that have a significant amount of input/output. ), a 55% owned affiliate of Bema Gold Bema Gold Corporation is a Vancouver, British Columbia based intermediate gold producer with operating mines and development projects in Russia, South Africa, Chile and Canada. Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :BGO BGO Bismuth Germanate BGO Baguio City (Philippines) BGO Blinding Glimpse of the Obvious BGO Bergen, Norway - Flesland (Airport Code) BGO Blue and Gold Officer (United States Naval Academy) )(AMEX AMEX See: American Stock Exchange :BGO)(AIM:BAU BAU Business As Usual BAU Bangladesh Agricultural University BAU Beirut Arab University (Lebanon) BAU Behavioral Analysis Unit (FBI NCAVC) BAU Al-Balqa' Applied University (Jordan) ) is pleased to announce diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral results from the ongoing exploration program on the East Pansky Platinum Group The platinum group (alternatively, the platinum group metals or platinum metals) is a collective name sometimes used for six metallic elements clustered together in the periodic table. Elements ("PGE PGE Pacific Gas and Electric Company PGE Portland General Electric PGE Prostaglandin E PGE Platinum Group Elements PGE Pacific Great Eastern (Railroad) PGE Phenyl Glycidyl Ether PGE Perfect Girl Evolution ") property. East Pansky is located in the Kola Peninsula Kola Peninsula (kō`lə, Rus. kô`lə), peninsula, c.50,000 sq mi (129,500 sq km), NW European Russia, in Murmansk region. Forming an eastern extension of the Scandinavian peninsula, it lies between the Barents Sea to the north and the of northwestern Russia on the eastern border of the Federova Tundra tundra (tŭn`drə), treeless plains of N North America and N Eurasia, lying principally along the Arctic Circle, on the coasts and islands of the Arctic Ocean, and to the north of the coniferous forest belt. project where Barrick Gold Barrick Gold Corporation TSX: ABX NYSE: ABX is the largest pure gold mining company in the world, with its headquarters in Toronto, Ontario, Canada; and four regional business units (RBU's) located in Australia, Africa, North America and South America. Corporation is currently evaluating an advanced PGE exploration program. Puma has drilled 73 holes for a total of 13,387 metres on the East Chuarvi target to date. Highlights of the recent drilling results are: P-413 with 5.5 metres grading 11.18 grams per tonne tonne measure of weight or mass; 1 tonne=1000 kg. See also ton. (g/t) PGE + Gold ("Au"), P-417 with 7.1 metres at 4.52 g/t PGE+Au, and P-426 with 2.1 m at 17.88 g/t PGE+Au. The high grade mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. horizon, which was the focus of a detailed drilling program during 2004, can be traced for at least 35 kilometres along strike and the majority of this horizon has yet to be drill tested. Continuity of mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. is confirmed across 1,400 metres at East Chuarvi with a high grade core of 600 metres in strike length and to a depth of at least 250 metres. The system remains open along strike and down dip.
Selected results from the recent program are as follows:
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From To Length Au Pt Pd PGE+Au
Hole # (m) (m) (m) (g/t) (g/t) (g/t) (g/t)
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P-402 216.80 218.10 1.30 0.07 0.87 2.07 3.01
P-407 71.30 74.30 3.00 0.19 1.21 1.3 2.71
253.50 254.00 0.50 0.15 1.62 5.69 7.46
P-413 89.60 90.00 0.40 0.3 3.13 7.75 11.18
122.20 122.90 0.70 0.31 1.82 4.17 6.30
124.50 125.20 0.70 0.13 1.39 6.46 7.98
129.20 134.70 5.50 0.47 3.38 7.33 11.18
P-414 63.30 63.75 0.45 0.22 1.9 5.4 7.52
65.70 68.60 2.90 0.12 1.4 3.11 4.63
71.30 71.80 0.50 0.15 1.64 3.8 5.59
79.50 80.10 0.60 0.19 1.3 3.91 5.40
83.60 84.10 0.50 0.21 2.04 3.71 5.96
P-415 48.10 49.40 1.30 0.27 2.81 6.54 9.62
51.00 52.40 1.40 0.2 1.88 4.09 6.17
P-416 42.30 45.50 3.20 0.1 0.81 1.7 2.61
P-417 125.80 127.80 2.00 0.04 0.3 0.71 1.05
133.30 140.40 7.10 0.24 1.3 2.98 4.52
142.00 142.50 0.50 0.61 3.58 9.09 13.28
P-418 126.20 127.40 1.20 0.18 1.16 2.45 3.79
P-419 158.90 160.50 1.60 0.4 2.06 5.12 7.58
P-420 129.60 130.10 0.50 0.01 1.4 2.75 4.16
P-422 20.90 24.70 3.80 0.24 2.23 4.12 6.59
P-423 15.00 16.40 1.40 0.28 2.83 6.14 9.25
40.80 43.00 2.20 0.08 0.7 1.52 2.30
P-424 118.00 119.00 1.00 0.38 2.44 5.16 7.98
P-425 12.00 16.50 4.50 0.08 0.9 2.21 3.19
incl 12.00 13.30 1.30 0.2 2 5.43 7.63
P-426 8.0 10.1 2.1 0.39 5.97 11.52 17.88
35.9 40.1 4.2 0.114 0.89 2.17 3.17
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Assays are pending from an additional 21 holes at the East Chuarvi target where drilling is ongoing and remains focused on expanding the known mineralized zone along strike and at depth. A further 5,000 to 7,000 metres of diamond drilling is planned in 2005 as well as geological mapping and sampling of the new Kuksha license to the southeast. It was recently discovered, during re-checking of lab data, that part of the results from hole P-393 were incorrectly reported. The high grade intercept intercept in mathematical terms the points at which a curve cuts the two axes of a graph. of 20.88 g/t PGE+Au over 0.6 m in drill hole P-393 (reported in news release dated November 22, 2004) was an error due to a mix up of samples at the lab. Following are the results of P-393 including the corrected sample:
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From To Length Au Pt Pd PGE+Au
Hole # (m) (m) (m) (g/t) (g/t) (g/t) (g/t)
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P-393 164.90 165.40 0.50 0.33 2.51 6.32 9.16
147.20 155.00 7.80 0.12 1.01 1.91 3.04
169.40 170.0 0.60 0.010 0.025 0.010 0.045(i)
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(i) Corrected Sample
The QA/QC QA/QC Quality Assurance/Quality Control program is set up to prevent lab problems, but samples mixed up are difficult to detect with such a program. This hole is part of a multitude of infill in·fill n. 1. The use of vacant land and property within a built-up area for further construction or development, especially as part of a neighborhood preservation or limited growth program. 2. holes drilled in the zone. This ore sample was not material to the program. The other 2 intersections within hole P-393 are still correct. On behalf of CONSOLIDATED PUMA MINERALS CORP. Roger Richer, President and Director Consolidated Puma Minerals Corp. trades on the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. under the symbol CPW. The common shares and warrants described herein and any securities which may be issued thereunder have not been and will not be registered under the U.S. Securities Act of 1933 as amended and may not be offered or sold in the U.S. or to a U.S. person in the absence of such registration or an exemption therefrom there·from adv. From that place, time, or thing. Adv. 1. therefrom - from that circumstance or source; "atomic formulas and all compounds thence constructible"- W.V. . Some of the statements contained in this release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. The QA/QC procedure involves 1 standard, 1 blank, 1 splitter duplicate and 1 field duplicate every batch of 24 samples and to date all QA/QC evaluations have performed within acceptable limits. Drill core assays for this project have been performed by Assayers Laboratory, Canada and Mekhanobr Laboratory in St Petersburg, Russia. Tom Garagan is acting as the Qualified Person on the project.
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LOCATION LOCATION LOCATION
HOLE X Y Z LENGTH AZIMUTH DIP
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P-402 630611.60 7479968.00 252.23 250.00 28 -60
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P-403 630453.10 7480092.00 259.52 266.10 28 -60
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P-404 630651.80 7480375.00 263.94 225.00 28 -60
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P-405 630288.10 7480208.00 263.78 270.40 28 -60
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P-407 630027.60 7480364.00 258.27 285.30 28 -60
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P-413 630583.40 7480128.00 260.37 170.00 28 -60
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P-414 630647.90 7480139.00 259.69 120.00 28 -60
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P-415 630830.20 7479969.00 246.57 159.20 28 -60
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P-416 630562.20 7480195.00 263.61 121.00 28 -60
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P-417 630623.40 7480093.00 257.71 177.30 28 -60
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P-418 630539.60 7480151.00 261.65 149.40 28 -60
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P-419 630741.00 7480001.00 250.59 191.90 28 -60
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P-420 630663.60 7480066.00 255.57 156.00 28 -60
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P-421 630484.30 7480153.00 262.14 199.00 28 -60
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P-422 630701.90 7480142.00 258.75 79.50 28 -60
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P-423 630783.70 7480081.00 253.43 79.70 28 -60
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P-424 630414.70 7480234.00 266.52 242.30 28 -60
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P-425 630665.80 7480175.00 260.93 79.90 28 -60
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The TSX Venture Exchange neither approves nor disapproves the information contained in this News Release. Consolidated Puma Minerals Corp. (TSX VENTURE:CPW) |
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