Puma Reports Progress on 2014 Summer Exploration Programs in New Brunswick
26 Juni 2014 - 4:45PM
Marketwired
Puma Reports Progress on 2014 Summer Exploration Programs in New
Brunswick
RIMOUSKI, QUEBEC--(Marketwired - Jun 26, 2014) - Puma
Exploration (TSX-VENTURE:PUM) announces that it has commenced
exploration programs on its Nicholas-Denys Porphyry System and
Turgeon Cu-Zn VMS system in New Brunswick.
This summer, several programs will be undertaken on the large,
34 km2 Nicholas-Denys property which is located 15 kms from the
town of Bathurst. The first program is well underway and consists
of a downhole IP survey using the first two 2014 drillholes of the
planned 15 holes summer program into the 4 km diameter granodiorite
porphyry target. Two of the early 2014 drillholes successfully
intersected significant intervals of molybdenum, copper and silver.
(Press Release May 21, 2014). The field portion of the downhole IP
survey is completed and the raw data processing is well underway.
Results are pending and we expect drilling operation to resume
following the receipt of the survey results and final
interpretation.
Puma has also commenced the third phase of the trenching and
stripping program on the 10 km long Nicholas-Denys skarn horizon
and silver belt which lies adjacent to the southern rim of the
intrusion. There is strong geological evidence that the silver,
copper and zinc skarns are genetically related to the intrusion.
The stripping and trenching programs will occur in two sections
located at the east and west ends of the skarn where re-interpreted
geophysical results indicate prospective target zones. It is
expected that continuous trenching and stripping exploration will
be conducted at Nicholas-Denys over the entire summer and into
autumn.
At Puma's Turgeon VMS property, located 10 kms north of
Nicholas-Denys, a follow-up program is being conducted following
the recent and successful drill program. This recent drill program
discovered a new, near-surface VMS system: the Dragon zone. Based
on drill intercepts of copper and zinc grades, the Dragon zone is
interpreted to be the edge of a pervasive VMS system that occurs in
the same volcanic unit that is host to previously discovered
mineralization and which is defined by a large zinc mineralization
halo. The follow-up program consists of a seven borehole EM survey
designed to define the extension of the massive sulphide recently
intersected in drill hole FT13-13. (Press Release April 29, 2014).
The field portion of the survey has been completed and the
processed data results should be available soon for re-evaluation
and to design the follow-up drill program.
About Nicholas-Denys
Nicholas-Denys is located in mining friendly New Brunswick, near
sea level in the established Bathurst mining camp which welcomes
employment opportunities. The property is located 15 kms from the
city of Bathurst and 20 kms from a deep-water Atlantic port and the
nearby Glencore Xstrata smelter at Belledune.
It is also located 10 kms south of Puma's Turgeon copper-zinc
VMS exploration project. Access is excellent with a commercial
airport near Bathurst, a nearby railroad and with paved roads
running through the property. The project consists of three
genetically and spatially related plays: the large 4 km diameter ND
porphyry intrusion, the adjacent 10 km long Main Fault zone
including the skarn horizon and, about 1 km to the southeast, the
parallel 10 km long Rocky Brook mineralized Ag-Au-Pb-Zn fault
corridor.
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.
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 Robillard. PresidentPuma Exploration(418)
724-0901president@explorationpuma.comMore informationToll free:
(800) 321-8564www.pumaexploration.com
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