Puma Exploration (PUM-TSXV) reports the 2015 fall exploration program at Turgeon Cu-Zn VMS project in northern New Brunswick. The Program at Turgeon was directed to locate precisely the extension of the favourable fertile mafic volcanic horizon hosting the known mineralized zones at Turgeon. The work also included the trenching and stripping of additional surface targets which lead to the discovery of a new copper showing grading up-to 3.7% Cu in the vicinity of the Zinc Zone Lens and the stripping of the previous Jaspe Copper showing grading 21% Cu et 26% Cu.
2015 Fall Exploration Program Highligths:
- Completion of 18 line-kilometers of Geophysical IP Orevision ground survey in collaboration with Abitibi Geophysics;
- Completion of an alteration study including the sampling of 243 outcrops located from the Dragon Zone toward southwest direction to locate the favourable volcanic horizon hosting the mineralized VMS;
- Excavation of seven (7) trenches for a total of 300 meters mainly located between the Zinc Zone and the Dragon lenses;
- Significant Cu stockwork mineralization zone discovered at surface in trench TT15-05 located at the end of the Zinc Zone area and correlating with drilling results at depth including 2.2% Cu over 2.1m (FT15-01) and 1.2% Cu over 2.4m (FT15-03);
- Stripping and sampling of previous copper showing “Jaspe Copper” revealing the highest copper grade collected at surface with 21% Cu and 26% Cu.
Seven (7) strategic trenches have been undertaken to explore new surface targets and to define the alteration of the mafic volcanic which host the main mineralized lenses at Turgeon. More than just locate the favourable horizon, the trenching program expose a significant Cu stockwork mineralization zone discovered at surface at the end of the Zinc Zone area and correlating with drilling results at depth including 2.2% Cu over 2.1m (FT15-01) and 1.2% Cu over 2.4m (FT15-03). The samples collected in this area (TT15-06) return assays between 1.15% Cu to 3.72% Cu. Also, the field crew has been able to relocate and sample the known Jaspe copper showing found in 1961. The sampling of the “Jaspe Copper” showing revealed the highest copper grade collected at surface at Turgeon with 21% Cu and 26% Cu.
Table 1: Selected samples collected during the trenching program
|Sample||Trench||Rock||Cu (%)||Zn (%)||Ag (g/t)|
Also, to identify the best area within the favourable mafic volcanic horizon, Puma proceeded with an alteration study including 243 samples collected from outcrops and handmade pits. The samples were collected systematically at every 25 meters on a 50 meters spaced grid. The grid covers an area of 600 meters by 500 meters (30 hectares) from the Dragon Zone toward southwest to locate the favourable volcanic horizon hosting the known mineralized lenses within an underexplored area of the property.
A deep IP geophysical ground survey, The OreVision has been conducted on the three (3) known main mineralized zones named: Powerline, Zn Zone and Dragon and has been extended for more than 500 m to the southwest along the favourable volcanic mafic horizon. The survey corresponds to the double of the length of the actual mineralized footprint. This survey added to the alteration survey and the detailed mapping of the project will be used to define the targets to be drilled.
Also, Puma field crews were also 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 southwestern extension of the Dragon Zone where the geophysical survey and the alteration study were completed. The drill set-up work has been delay following the reading of the first line of geophysical survey showing promising target at the South East End of the grid.
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.