Puma Discovers a New VMS System at Turgeon Copper-Zinc Project in New Brunswick
29 April 2014 - 3:59PM
Marketwired
Puma Discovers a New VMS System at Turgeon Copper-Zinc Project in
New Brunswick
RIMOUSKI, QUEBEC--(Marketwired - Apr 29, 2014) - Puma
Exploration (TSX-VENTURE:PUM) has discovered a new near-surface
(100m deep) VMS system at its 100% Turgeon Copper-Zinc project in
New Brunswick. These finds were recently generated by a 15 hole,
2017 meter drill program designed to target IP, EM and magnetic
geophysical anomalies within 500 meters of the main deposits.
The new system discovered, named the Dragon Zone, is located
only 200 meters south-west of the main Powerline and Zinc Zone
deposits and occurs in an area that has received very limited
drilling. Hole FT13-13 intersected four meters of massive sulphide
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. This zone is interpreted to be the edge of an
pervasive VMS system that occurs in the same volcanic unit that
shows a significant zinc mineralization halo over a plus 100 meter
intersection in drillhole FT13-12 with 0.16% Zn over 161 meters and
drillhole FT13-15 with 0.11% Zinc over 114.9 meters.
Another area of interest is located 100 meters west of the new
Dragon Zone and is currently defined by holes FT13-01, FT13-08 and
FT13-10. It also displays significant zinc mineralization with
0.23% Zinc over 139.8 meters (FT13-01) and 0.20% Zinc over 52.1
meters (FT13-10). While extremely encouraging, the results are
preliminary and this new zone will require additional drilling to
fully test its potential and its location in the Turgeon volcanic
pile.
Significant drill results from the recent Turgeon program are
presented below in Table 1. A drillhole location map showing the
various mineralized zones and the entire results of the program are
available at www.pumaexploration.com
Table 1 : Significant drill results at Turgeon.
Hole |
From |
To |
Length |
Ag |
Cu |
Zn |
# |
(m) |
(m) |
(m) |
ppm |
% |
% |
FT13-01 |
4.30 |
144.10 |
139.80 |
0.4 |
0.03 |
0.23 |
including |
4.30 |
8.20 |
3.90 |
1.6 |
0.08 |
1.56 |
including |
89.15 |
92.80 |
3.65 |
3.1 |
0.25 |
0.57 |
FT13-08 |
67.80 |
120.90 |
53.10 |
0.3 |
0.04 |
0.13 |
FT13-10 |
8.30 |
60.40 |
52.10 |
0.2 |
0.02 |
0.20 |
FT13-12 |
4.00 |
165.00 |
161.00 |
0.2 |
0.03 |
0.13 |
including |
61.35 |
65.35 |
4.00 |
0.5 |
0.21 |
0.56 |
including |
141.20 |
144.60 |
3.40 |
0.2 |
0.08 |
1.40 |
FT13-13 |
3.00 |
172.50 |
169.50 |
0.3 |
0.05 |
0.12 |
including |
37.40 |
41.80 |
4.40 |
4.0 |
0.52 |
0.66 |
including |
151.00 |
155.00 |
4.00 |
0.6 |
1.01 |
0.79 |
FT13-15 |
9.50 |
124.40 |
114.90 |
0.2 |
0.04 |
0.10 |
Marcel Robillard, President of Puma Exploration, commented :
«The discovery of the new VMS system within several hundred meters
of the main known deposits at Turgeon is considered to strongly
validate our strategy at Turgeon and suggests there is potential
for the discovery of additional zones within the 3 km long
favourable geological corridor defined by the current program.
Commenting further on Puma's exploration in New Brunswick, Mr.
Robillard added : « We are truly fortunate to have developed two
outstanding properties in the Bathurst area. Puma's technical team
is currently planning a 2014 work program for Turgeon to follow up
and develop additional near-surface VMS style mineralization. The
Turgeon property is located within a few kilometers of a deep water
port and an Xstrata smelter which provide an unparalleled
infrastructure advantage compared to similar projects around the
world. Additionally, our large Nicholas-Denys copper-moly-silver
porphyry and skarn project located nearby is also generating
positive results. We currently await assay results from our recent
drill program conducted in March and early April 2014 and which
targeted specific geophysical anomalies within the main porphyry
intrusion. The drill program on the porphyry was temporarily
suspended due to spring melting conditions and will resume as soon
as ground conditions are suitable."
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.
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.
Marcel RobillardPresidentPuma Exploration(418)
724-0901president@explorationpuma.comToll free: (800) 321-8564
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