Puma completes successful drilling program at Turgeon Cu-Zn VMS Project in New Brunswick
PRESS RELEASE
Puma completes successful drilling program at Turgeon Cu-Zn VMS Project in New Brunswick
Rimouski, April 6, 2015 – Puma Exploration Inc. has now completed its initial 2015 drill program at its Turgeon copper-zinc VMS (volcanogenic massive sulphide) project in New Brunswick. The spring program includes four holes for a total of 1,617 metres of drilling into the Dragon sulphide zone that was discovered in 2014. All the holes encountered key intercepts of Cu stockworks and massive to semi-massive sulphide horizons in drill core. All holes were extended deeper than the planned 300 metres depth due to the persistence of sulphide zones to downhole depths between 300 to 400 metres. The mineralization consists of multiple massive sulphide layers ranging from 10 centimetres to 13 metres interlayered with semi-massive (25 to 75 per cent) to disseminated (5 to 20 per cent) sulphide mineralization. The sulphide mineralization is composed of pyrite, chalcopyrite and sphalerite.
The current program has confirmed the presence of a pervasive alteration and mineralization system at the Dragon zone. The Dragon zone is open in all directions and at depth. The recent drilling program was designed to test the extent of the VMS system on the west side and below massive sulphides encountered during drill programs carried out in 2013 and 2014. The surface expression of the Dragon zone is 300 metres long by 75 metres wide within a favourable corridor that extends for at least two kilometres on each side of the currently defined Dragon zone limits.
The core from the initial 2015 Turgeon drill program is currently being logged, split and will be assayed. Following the removal of the drilling equipment a deep penetration surface IP survey will be conducted on the main zones at Turgeon to identify the signature of the Powerline zone, Zinc zone and the Dragon zone in order to further refine the geometry of the entire Turgeon massive sulphide system and to locate new zones within the favourable horizon. This information will be used to plan the second 2015 Turgeon drill program.
Marcel Robillard, chief executive officer of Puma Exploration, stated: "We are delighted with the visual core indication from the initial 2015 Turgeon drilling program and look forward to starting the drills again as soon as we received analytical results from the core samples and enhanced targeting information from the new 2015 IP survey which will begin after the snow is melted. The Turgeon VMS system is growing geometrically, volumetrically with impressive massive and semi-massive sulphide intercepts."
In addition, Karl McLellan, chief financial officer, has resigned from the corporation, effective April 1, 2015. Puma has already undertaken talks to select his replacement. The board of directors would like to thank Mr. McLellan for his services to the corporation and wish him success in his future endeavours.
About the Turgeon VMS property
The Turgeon property is located within a few kilometres of a deepwater port of Belledune. The property is accessible by road all year-round, and is crossed by a power line.
The Dragon zone was discovered in late 2013, approximately 200 metres south of the main Powerline and Zinc zones. Drill hole FT13-13 intersected four metres of massive sulphide grading 1.01 per cent Cu and 0.78 per cent Zn. The fall 2014 drill program included an intercept of massive sulphides grading 5.66 per
212, AVENUE DE LA CATHÉDRALE, RIMOUSKI (QUÉBEC) CANADA G5L 5J2 TEL.: 418.724.0901 FAX: 418.722.0310 PUM TSXV [email protected] explorationpuma.com cent Zn, 0.38 per cent Cu and 2.3 grams per tonne (g/t) Ag over 6.8 metres starting downhole at 219.1 metres and includes 10.05 per cent Zn and 0.23 per cent Cu over 2.7 metres (drill hole FT14-05). The surface expression of the Dragon zone is 300 metres long by 75 metres wide within the favourable corridor which extend for at least two km on each side of the Dragon zone.
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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.
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For further information on Puma Exploration, contact:
Marcel Robillard. President Puma Exploration More information (418) 724-0901 Toll free: (800) 321-8564 [email protected]
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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