Turgeon Property

Introduction

The Turgeon property is located only 5 km south of the deepwater port of Belledune in northern New Brunswick. The property is accessible by road all year round and is intersected by a power line.The Turgeon property covers 670 hectares of the 5359 hectares controlled by Puma in the Turgeon project and are actively explored. In fall 2007, the Company entered into an agreement to acquire 100% of the interest on the Turgeon copper-zinc deposit located in northeastern New Brunswick. In 2010, the Company has fulfilled all the requirements for this agreement and holds a 100% interest on the property.

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Localisation Turgeon T

Previous works

Many exploration companies have completed exploration works on the Turgeon property until early 1980, when Esso Minerals was interested in the property and conducted a drilling campaign in the area. They discovered that the deposit was volcanogenic and perhaps of origin ophiolite, but they have not been able to establish a detailed correlation between the mineralization and host rock.

In 1987, K. Kettles revised drillings, conducted a mapping of outcrops and completed petrographic and lithogeochemical studies. She concluded that the mineralization came in synvolcanic veins as well as replacement figures.

In 1988 Heron Mines conducted a small drilling campaign on the Turgeon deposit, which the results have been described by Porter. He acknowledged the "100m Zinc" area as a separated mineralized zone of the "Power Line" area that was once interpreted as the same horizon.He also determined that the holes drilled by Esso were executed along faults or following the dip. However, the folds carried by Porter could not be found.

Burns and Westoll have revisited ten former drillings and have determined that the deposit was found in seabed sediments. They also concluded that the mineralization was associated with mudstones. This theory was refuted by Phelps & Dodge, which have seen no evidence further to drillings completed in 1991.These holes also served to demarcate the "1000 m Zinc" area. In 1992, additional drillings have been undertaken to analyze more the mineralized zones, but no other new lens has been discovered.

Puma Exploration has conducted prospecting and sampling works between May and July 2012. The Diagnos firm has also been commissioned by Puma Exploration to generate targets on the Turgeon property through the computerized processing of the full database of the properties Turgeon and Turgeon south (CARDS).

Puma Exploration conducted, in 2013 and 2014, a drilling campaign on the Turgeon property. Fifteen holes were drilled adding up 2 017 meters. A total of 1 117 samples were collected and sent for analysis. Drillings have reached the objective to test chargeability anomalies and to test the mineralization model. They also led to the discovery of a new mineralized lens, the "Dragon Zone".

Geology

The Turgeon property is mainly composed of mafic volcanic rocks from Devereaux formation included in the Fournier Group. In this formation, the Elmtree-Belledune unit, an ancient volcano-sedimentary terrane, is separated from Miramichi Highlands by the Rocky Brook-Millistream fault. The rocks of the Fournier Group, found near Belledune, consist of a sequence of ophiolites.

Geo regionale

The stratigraphy appears to demonstrate a general north-south trend and strongly sloped westward. A complex synvolcanic faults system is oriented EW with a variable dip. This fault system would probably set up during the deposit formation. It is parallel to the Rocky Brook-Millstream fault which is dextral regional fault developed during a large-scale transpressional phase. This episode led to the opening of several faults with oblique dextral movement. The whole is also intersected by numerous late dykes.

The Turgeon deposit is currently composed of two main deposits with four mineralized lenses rich in copper-zinc distributed over 450 meters long which two are present on the surface. They are located on the original claim block where a single drilling has reached a vertical depth of 450 meters. Thus, the known mineralized zones have not been tested in depth nor laterally along landmark horizons. New acquisitions of Puma in the region cover most of the favorable volcanic rocks band containing known lenses.

Turgeon VMS

Powerline and Zinc Zone areas are lenses with typical mineralization of a VMS : a high copper content stockwork zone and a massive sulphides zone enriched in zinc with scattered copper.

Model

Turgeon Copper-Zinc deposit is considered a volcanogenic massive sulphide (VMS) mafic type. Mineralization is hosted in volcanic rocks of the ophiolite sequence of the Desvereaux Formation of the Fournier Group danced buttonhole of Elmtree-Belledune. The Turgeon deposits are composed of massive sulphides lenses (py-cpy-po and sp) and stockworks (py-cpy). The mineralized zones are strongly altered and concentrated along ''Synvolcanic'' structures. The deposit has been strongly deformed during the set up of the Rocky Brook-Millstream fault.

Schema VMS

Graphical representation of various VMS (Barrie and Hannington 1999).

results

Drilling works conducted in 1983 by Esso Minerals allowed to evaluate a historical resource of 1.5 to 2.0 million tons grading 1.5% Cu and 4% Zn. These mineral resources estimates were achieved before the establishment of the NI 43-101 standard. Since the beginning of the works in 1958, about 100 holes have been drilled on the deposit for more than 25,000 meters of drilling. Impressive drilling results were listed in copper and in zinc in the massive sulphides lenses and stockwork zones. 

Stockwerk:

  • 3,5% Cu on 11,5 m
  • 7,9% Cu on 7,5 m
  • 2,5% Cu on 16,7 m
  • 2,3% Cu on 32,6 m
  • 4,4% Cu  on 17,2m
  • 2,5% Cu on 25,9m
  • 2,2% Cu on 27,3m
  • 10% Cu on 7,5m

Sulfures Massifs :

  • 1,1% Cu + 9,2% Zn on 7,9 m
  • 0,8% Cu + 12,4% Zn on 8,7 m
  • 2,1% Cu + 1,9% Zn on 8,3m
  • 1,0% Cu + 2,7% Zn on 72,2 m
  • 1,9% Cu + 5,0% Zn on 12,3m
  • 1,1% Cu + 4,7% Zn on 25,1m

New Dragon area :

In April 2014, Puma discovered a new deposit (Dragon) located 200 meters from the main deposit Powerline and Zn areas. Values ​​of 1.01% Cu and 0.78% Zn over 4 meters was intersected at a vertical depth of 100 meters. Since then, two drilling campaigns have helped to define and characterize the Dragon deposit with the discovery of massive sulphides horizons, of brecciate zones enriched in zinc and stockworks with another 5.6% Zn over 6.8 meters

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