If you are currently looking into the mining sector then there are plenty of companies to choose from and one of those could well be Puma Exploration Inc (OTCMKTS:PUMXF) (PUMA.V). The company has been in the news owing to a slew of developments in recent times and yesterday it was in the news once again following a key announcement.
PUMXF stock ended up by 5.87% on average volume in Thursday’s trading session.
The company was in the news yesterday after it announced that it had signed a new property agreement with regard to the addition of exposure to silver to its current work which is related to precious metals in Northern New Brunswick.
The new development could well prove to be a major new boost for the company and that is what makes it quite interesting. It should be noted that the latest acquisition, known as the Brunswick Au-Ag Property is going to add as many as 454 new claims to the company’s landholdings and take it up to an aggregate of 60544 hectares. The grab samples at the new property recorded grading of up to 1300 g/t Ag and 2.42 g/t Au.
The President and Chief Executive Officer of Puma Marcel Rollibard spoke about the development as well. He noted that the latest acquisition is going to allow the company to have considerable exposure to silver and also boost the number of prospective targets significantly. He went on to add that the prospective work that had been conducted at the property not too long ago not only revealed high quality silver grades but also considerable gold mineralization.
It was further noted that there were compelling reasons for Puma Exploration to explore the area further. Very little exploration work had been conducted in the area up until now and the team at Puma is excited at the possibility of conducting its work there.
