Rimouski, December 08, 2014 – Puma Exploration has now completed its most recent drilling program at its Turgeon Copper-Zinc project in New Brunswick. The original 1,000 meter drill program was increased to 1,722 meters because the VMS targeting model returned key intercepts of Cu-Stockwork and semi-massive to massive sulphide horizons in the drill core.
The most significant drillhole is FT14-05 in which 115 meters of sulphide mineralization was intersected from 190 meters to 305 meters down hole. The mineralization consisted of multiple massive sulphide layers ranging from 20 cm to 8 meters interlayered with semi-massive (25-75%) to disseminated (5-20%) sulphide mineralization. The sulphide mineralization is composed of pyrite, chalcopyrite and sphalerite and only few meters of core contain less than 5% sulphide.
Drillhole FT14-05 was collared 25 meters west of the discovery hole FT13-13 which defined the Dragon Zone last year and which significantly increased the mineralization potential of the Turgeon project. The Dragon Zone is located 250 meters south-west of the main Powerline and Zinc Zone deposits and consisted, prior to the current program, of a four meter massive sulphide intercept, grading 1.01% Cu and 0.78% Zn which is similar in grade to the massive sulphide zones intersected throughout the adjacent main deposits at Turgeon. Following the drilling of FT14-05, drillhole FT13-13 was deepened from 172 meters to 300 meters. The recently completed deepening of drillhole FT13-13 revealed three (3) new massive sulphide zones with widths of 60 cm, 2 meters and 5 meters at 172 meters, 231 meters and 243 meters down hole. These two drillholes now define the Dragon zone to have a minimum of 25 meters thick by 150 meters long and this zone is open in all directions.
Drillholes FT14-02 and FT14-03 intersected 15 meters Cu-Stockwork zones located 100 meters north-east of the new massive sulphide discovery. The Cu-stockwork discovery added to the massive sulphide zones confirm the presence of a complete new VMS system located only 200 meters away from the main Powerline and Zinc Zone Cu-Zn deposits. Currently, the core is being logged, splitted and will be assayed. A geophysical crew has been mobilized on site to proceed with borehole EM-IP-MAG survey. The surveys should be completed before year end.
“The objective of the recently completed drill program was to discover additional higher grade Cu-Zn mineralization in the Dragon Zone area. The program successfully identified Cu-Stockwork in the first three holes that led to the discovery of massive sulphide horizons in the last two holes. We are very pleased that the drill program effectively confirmed the presence of a new VMS system using our own targeting model at Turgeon’’ notes Marcel Robillard, President of Puma Exploration.
About Turgeon VMS Property
The Turgeon property is located within a few kilometers of a deep water port of Belledune. The property is accessible by road all year round, and is crossed by a power line.
In April 2014, Puma discovered the Dragon Zone, a new near surface VMS target zone located within 500 m of the main Powerline and the Zinc zones. The Dragon Zone is a pervasive VMS system that occurs in the same volcanic unit that hosts the Powerline and Zinc Zones. Higher grade intercepts of up to 4 meters of 1.01% Cu and 0.78% Zn occur within much larger mineralized halo intercepts of 161 m of 0.16% Zn and 115 m of 0.11% Zn at the Dragon Zone.1
1 Press Release April 29, 2014
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 now its exploration efforts in New Brunswick, Canada.
Learn more by clicking here: www.pumaexploration.com
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.