RIMOUSKI, QUÉBEC–(Marketwired – Oct. 14, 2015) – Puma Exploration (TSX VENTURE:PUM)(SSE:PUMA) 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.
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 the 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.
Puma would also like to announce its new Mobile App is now available on Android and Apple smartphone’s. You can download the App by searching for Puma Exploration.
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.
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.
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