Puma Exploration reached a depth of 1,215 meters with its hole FND13-01 and begins a second deep hole at Nicholas-Denys Project, New Brunswick
Rimouski, July 08, 2013 – Puma Exploration (PUM-TSXV) reports progress on drilling operation at Nicholas-Denys Property. Drill hole FND13-01 was extend to 1,215 meters from the original 1,000 meters planned due to visual alteration and mineralization encountered at the planned final depth. 1,050 samples were collected over the entire hole and are being analysed for base, precious and speciality metals. Alteration study is also in progress to qualify and quantify the alteration encountered through the entire hole and from previous puma’s holes. Drill hole FND13-01 hit a first skarn unit at 50m vertical and the contact between a second magnetite-copper skarn and the pluton at 400 meters vertical and continued in the intrusive to the end of the hole. The magnetite-copper skarn has now been followed from Millstream Iron to Bereford copper deposits (over 3km) and to a depth of 400 meters vertical. Results from the 1,050 samples will be released when available.
Currently the drill rig is being mobilized to drill a second deep hole (1,200m) in the centre of the porphyry. The hole is collared about 2km north of the drill hole FND13-01 and 2km south of hole FN12-02 which intersected continuous copper and molybdenum mineralization over the entire hole (see press release 29/05/2012). The hole will test a 550,000 m2 copper and molybdenum soil anomaly associated with two structural features and will bottom in a major deep inversion magnetic anomaly. Following the drilling operation, borehole geophysical survey will be conducted in the four deep holes drilled in the pluton since 2012.
About Puma Exploration
Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The Company's major assets are the Nicholas-Denys Project and Turgeon Copper Project in New Brunswick and the Little Stull Lake Gold Project in Manitoba. Puma is focusing its exploration efforts in New Brunswick, Canada, which has been ranked fourth in the world to conduct mining exploration by the 2013 Fraser Institute Survey.
Learn more by clicking here: www.pumaexploration.com
Illustrated Press Release and complete presentation of current program are available on the web site.
The contents of this press release were prepared by Dominique Gagné. a Qualified Person as defined in NI 43-101. The samples were analyzed at the ALS Chemex laboratory in Val d’Or using the atomic absorption and ICP methods. There is not enough drilling data presently available to determine the shape and true width of the mineralized zone. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information on Puma Exploration, contact:
Marcel Robillard. President
Puma Exploration More information
(418) 724-0901 Toll free: (800) 321-8564
Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Puma Exploration Inc. to be materially different from actual future results and achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date the statements were made, except as required by law. Puma Exploration undertakes no obligation to publicly update or revise any forward-looking statements. These risks and uncertainties are described in the quarterly and annual reports and in the documents submitted to the securities administration.