Turgeon South Property
The Turgeon South property is located about 5 km south of the town of Belledune and spans two counties, those of Restigouche and Gloucester, in northern New Brunswick.
The Company owns 100% of mineral rights that count 217 claims covering an area of 4689 hectares of a total of 5359 hectares owned by Puma for the Turgeon project. Access to the property is via Highway 11 that links Campbellton to Bathurst by many logging roads. It is accessible all year round and is intersected by a power line.
In 2012, Puma Exploration has conducted prospecting and sampling on Turgeon South property. The Diagnos firm has also been commissioned by Puma Exploration to generate targets on the Turgeon South property through computerized processing of the full database of Turgeon and Turgeon South properties (CARDS).
In 2013, Puma Exploration has conducted stripping and sampling works on the Bern area, discovered during prospecting in 2012. The mineralized zone "Bern" is located 4 km south of the VMS Cu-Zn deposit of the Turgeon property. Eleven samples on seventeen collected have obtained values more than 1% of Cu.
In 2014, Puma Exploration has conducted exploration works on the property and a trenches campaign and channel sampling on the Bern lens. The works carried out in 2014 have revealed an extension to the mineralized zone Bern and have confirmed the potential of the property. These trenches also allowed verifying some geochemical anomalies in copper in the sector. The Bern lens has once again revealed an excellent copper value with two samples returning respectively 13.4% Cu and 9.74% Cu. The trenches campaign led to the discovery of the extension of the mineralized lens to 125 meters east of the stripping.
The Turgeon South 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. This latter unit contains the Turgeon deposit considered as a VMS of Cyprus type. The Ordovician formation of Pointe-Verte borders it to the south and west. This formation is constituted of alkali basalts associated with wackes and siltstones. It is also made up of lavas in cushions containing 10-20% of phenocristals feldspar and calcite amygdules. A conglomerate composed of Devereaux fragments also rests thereon. The Chaleurs Group (Silurian) is located north of the Devereaux formation. It is constituted mainly of Ordovician volcanic rocks covered with Silurian sediments.
The mineralized zone Bern is hosted in the gabbro of the Devereaux formation of the Fournier Group and consists of quartz-chalcopyrite-bornite veins alternating with chlorite-quartz-chalcopyrite schist hosted within a silicified gabbro. In addition, anomalous copper values are present in the gabbro. The mineralized zone "Bern" is located south of the Fournier Group which hosts the Powerline and Zn area deposits of the Turgeon property.
The mineralized Zone "Bern" is located west of the Antinouri pluton, intrusion of Devonian age, identical to the intrusion of Nicholas-Denys about 15 km south. The deposits that make up these mineralized quartz veins (Cu-Ag) are typically steepsided along the fault system near the intrusions. We call them Churchill-type vein copper and we found some copper mines in the world for this type of deposit.
Kirkham and Sinclair, 1995
The mineralized zone is now stripped on a length of 75 meters by 25 meters wide. Six (6) grooves spaced at 10 meters, for a total of 64 meters, were performed on the "Bern" area. This area still remains open to the east and west ends. The intersection that presented the best results tallied a grade of 2.0% Cu and 3.2 g / t Ag over 6 meters, including 2.6% Cu over 4 meters. The mineralized zone has a thickness that varies between 5-10 meters and consists of quartz-chalcopyrite-bornite veins alternating with chlorite quartz-chalcopyrite schist hosted within a silicified gabbro. In addition, anomalous copper values are present in the gabbro. During the stripping, the grab samples reported grades of up to 13.4% Cu, 9.7% Cu and 6.5% Cu. These samples are located west of the end of the stripping.
Seven (7) trenches totaling 1,240 meters were completed on the Turgeon South property to define the extensions of the mineralized zone "Bern". These trenches also allowed verifying some geochemical anomalies in copper in the sector. The current program has led to the discovery of the expansion of the zone "Bern", 125 meters east of the stripping. Grab samples with similar grades were intercepted in the trench TR14-54 with 2.1% Cu, 1.1% Cu and 0.3% Cu. These results indicate and show the presence of a mineralized zone of a length of 200 meters. Moreover, 800 meters east of the current stripping, prospection work in the area allowed discovering samples with values from 0.2 to 0.8% Cu in a gabbro outcrop. This gabbro is similar to the host rock of the mineralization zone "Bern" and may represent the extension of this zone.