Puma begins fall exploration program at Turgeon Cu-Zn VMS project
Puma Exploration (PUM-TSXV) launches its fall exploration program on the Turgeon Cu-Zn VMS Project in New Brunswick. Puma field crews have been mobilized to prepare sites for the drilling program. The drilling targets consist of higher grade Zn-Cu zones in the heart of the newly discovered Dragon Zone and also to verify new mineralized lenses in the western extension of the Dragon Zone.
Moreover, a deep IP geophysical survey will be conducted on the three (3) known main mineralized zones named: Powerline, Zn Zone and Dragon Zone and will be extended for more than 500 m to the west along the favourable fertile volcanic mafic horizon. This will double the length of the actual mineralized footprint. Systematic sampling program of outcrops and strategic trenches will be undertaken to define the alteration of the mafic volcanic and mainly refine the location of the favourable horizon. The aim of this work is to define more drilling targets and lead to the potential discovery of new mineralised lenses along the favourable horizon which is currently delineated over more than 2 km to the west of the Dragon Zone.
The Dragon Zone displays similar geological features as the main Powerline and Zn Zone, which are well defined mineralized zones consistent with a VMS typical model. The main metals are zinc and copper within massive sulphide horizons associated with rich copper stockwork feeders close to syn-volcanic faults. The massive sulphide lenses and Cu stockwork zones lies within the mafic volcanic Fournier Group which is open for more than 2 km along strike of the known mineralized zones.
Dragon Zone Highlights include:
- Three new holes within the high grade zone confirms the existence, and increases the size of the higher grade mineralization previously encountered in the discovery drill hole FT14-05 (6.8% Zneq over 6.8m) with 6.1% Zneq over 4.1 meters (FT15-04) and 5.8% Zneq over 4.0 meters (FT15-03);
- The persistent alteration and mineralization halo indicates the presence of a major hydrothermal system with 0.8% Zneq over 112.5m (FT15-01), 0.8% Zneq over 116.5m (FT15-03) and 2.4% Zneq over 23.1m (FT15-04);
- A newly discovered, significant Cu stockwork mineralization zone indicating the presence of an entirely new VMS system in the Dragon Zone area with 2.2% Cu over 2.1m (FT15-01) and 1.2% Cu over 2.4m (FT15-03);
- The best drill results were located in the newly found fertile syn-volcanic fault zone that was outlined. A precisely designed upcoming drill campaign will verify the best potential targets;
‘’Puma continues to be active at the Turgeon Property because of the high potential to discover more new Cu-Zn mineralized zones similar to the main three zones already found. The geophysical surveys added to the alteration study will be used to add new drilling targets west of the Dragon Zone. Also the New Brunswick government has granted $70,000 to support the exploration program at Turgeon.’’ noted Marcel Robillard, President of Puma Exploration.
About the Turgeon VMS Property
The Turgeon property is located within a few kilometers of the deep water port of Belledune. The project is accessible by road all year round, and is crossed by a power line. The Dragon Zone was discovered in late-2013, approximately 200 meters south of the main Powerline and Zinc Zones. Drillhole FT13-13 intersected 4 meters of massive sulphides grading 1.01% Cu and 0.78% Zn. The autumn 2014 drill program included a massive sulphide intercept grading 5.66% Zn, 0.38% Cu and 2.3 g/t Ag over 6.8 metres starting downhole at 219.1 meters and including 10.05% Zn and 0.23% Cu over 2.7 metres. (Drillhole FT14-05). The surface expression of the Dragon zone is 300 meters long by 75 meters wide within the favorable corridor that extends for at least 2km along strike in each direction from the Dragon zone.