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Highlights of the Puma Dorado Project include:
- Recently acquired gold-copper property in southwestern Peru
- NDR has the option to earn 100% interest from two property venders
- Gold and copper zone over 1700 metres in length and open: widths to 15 metres
- Surface sampling shows significant copper (+6%) and gold (2 g/t) value
- Large breccia zones on trend with values up to 4 g/t gold
- Planned exploration to include further geophysics, sampling, trenching followed by drilling
Location
Puma Dorado is located near the community of Querobamba in the Department of Ayacucho, southwestern Peru. The property is accessible by road and is situated close to several small communities that offer logistical support and infrastructure.
Overview
The Puma Dorado gold-copper project is well positioned within a highly mineralized metallogenic zone within southern Peru and appears to have significant potential to host economic mineralization. Although there has been limited surface mining on the property by local informal miners, there is no evidence that any modern exploration activity has been conducted in the area.
The company has signed agreements to obtain a 100% interest in the property, which is covered by two option agreements. The first agreement allows the Company to purchase a 100% interest in the Chen 6 claim for a total price of US $2 Million over 5 years with an initial payment of US $25,000 for the first year. The second agreement allows the Company to purchase the Puma Dorado claim for US $1.5 Million over five years, with an initial payment of US $15,000 for the first year. This concession also has a US $25,000 first year work commitment.
Work Performed
Initial sampling by the Company, consisting of seven, one-to-three metre wide rock chip samples, reported values ranging from 0.50 to 3.2 g/t gold and from 0.26 to 7.8 % copper. Twelve follow-up rock chip samples from the zone averaged 0.92 g/t gold with four samples assaying over 1.0 g/t gold with a high of 2.4 g/t gold. Six of these samples exceeded 10,000 ppm (1%) copper, with the final copper values still pending.
Geology
The Puma Dorado gold-copper property covers surface outcrops of mineralized massive magnetite occurring over an area measuring approximately 1,700 metre long by 500 metre wide. Where exposed, these tabular-like bodies vary in thickness from 2 to 15 metres and mostly form southerly-inclined dip-slopes. The magnetite hosts locally strong pyrite and disseminated chalcopyrite with associated gold. The occurrences are believed to be of magmatic origin and are contained within the large Querobamba intrusive complex. Initial sampling by the Company reported anomalous metal values that ranged from 0.5 to 3.2 g/t gold and 0.06 to 6.5% Cu. Follow-up sampling confirmed these early results and supports the Company's belief that the property has significant economic potential. There are multiple drill target opportunities on the property to test both the thickness of known outcropping mineralization and projections of the mineralized bodies under cover to the south, east and west. The Company plans a detailed magnetic survey over the property and has initiated the permitting process for a planned drilling program in late 2008.
Planned Exploration
In order to better identify additional target potential, the Company is currently conducting an ongoing work program that includes detailed geologic mapping and sampling. In addition a detailed ground magnetic survey is planned to test covered areas along the known mineral trend.
While the Company is carrying out additional field work on Puma Dorado to better define specific target areas it will commence the permitting requirements necessary to conduct a preliminary drill program within the near future.
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