PUMA Announces First Trenching Results at Portage Yielding up to 0.19% Cu, 0.83% Co and 1.46 G/T Au IN New Brunswick
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
PRESS RELEASE
PUMA ANNOUNCES FIRST TRENCHING RESULTS AT PORTAGE
YIELDING UP TO 0.19% CU, 0.83% CO AND 1.46 G/T AU IN NEW BRUNSWICK
Rimouski, February 28th, 20 20 – Puma Exploration Inc. ( the “Company” or “Puma” ) is pleased to
confirm the presence of widespread copper, cobalt, nickel, and gold mineralization in a large
devonian mafic intrusive (4km x 6km) during its first trenching program at Portage Lake. The trenching
program, totaling 14 trenches for 1,750 meters, was the first field work conducted on the property by Puma
since its acquisition in late 2019.
The Portage Lake property, which is 100% held by Puma, covers a large devonian mafic to intermediate
intrusion adjacent to skarn and hornfels horizons of the Chaleur Group, both containing significant copper-
gold-cobalt with nickel-iron grades. A total of four (4) mineral occurrences were found within the Portage
intrusion where only two (2) shallow holes were drilled by previous operators. Further investigation will be
conducted following the recent results to demonstrate the potential for finding a major deposit of Cu -Au-
Co-Ni related to intrusion or breccia models at very low exploration and maintenance costs.
In the southern contact of the intrusion, a grab sample collected in the trench revealed that t he
mineralization consisted of a deformed hornfel with approximately 30% of massive sulphide , yielding
0.19% Cu, 533 ppm Ni, 0.83% Co, and 0.35 g/t Au. Another mineralized zone located approximately 500
meters to the East, consisting of massive sulphide mineralization in a brecciated gabbro returned values
of 0.11% Cu, 506 ppm Ni, 384 ppm Co, and 25% Fe. Lastly, within the Portage intrusion located 2km to
the North of the zones describes above, in an altered hornfel at proximity to the major Ramsay Brook fault,
sample returned value of 1.46 g/t Au. This pervasive mineralization in the intrusion are located less than
2km from the Restigouche Mine and 10km from the Murray Brook Deposit.
A total of seventeen (17) exploration targets have been defined from the recent trenching program and
detailed data compilation. A field crew will be testing each target by prospecting and trenching in the spring.
A ground geophysical survey (IP) is planned on the new mineralized zones discovered and a major TDEM
survey is also planned over the Murray Brook Area which will be covering the Murray Brook West, the
Jonpol, and the Portage Lake properties, all of which are 100% held by Puma.
“This is another exciting step for Puma" Marcel Robillard, President & CEO, commented. "The forecast of
potential increased in demand of Copper in the coming years due to its applications in infrastructure and
Green Energy applications . With the combination of our Chester, Portage, Turgeon, and Legacy and
Jonpol projects, our portfolio of copper and gold assets is well positionned for 2020 and beyond, using our
15 years of experience and knowledge of the Bathurst Mining Camp’’ added Marcel Robillard.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
THE PORTAGE LAKE PROJECT
The Portage Lake (Cu-Ni-Co-Au) project contains several showings with the most promising discovered
in the recent trenching program conducted on the property in 2017. The prospector excavated an area of
100 metres composed mainly of skarn alteration containing 50 metres of massive sulp hide showing
significant iron, copper, nickel, gold and cobalt. A grab sample was collected at the site and graded 1.03%
Co and 0.63 g/t Au; being the highest cobalt and gold results obtained so far on the property. Very limited
work has been conducted on the property, which offers huge potential for new discoveries.
QUALIFIED PERSONS
Dominique Gagné, PGeo, independant qualified person as defined by Canadian National Instrument 43 -
101 standards, ha s reviewed and approved the geological information reported in this news release.
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. Mr.
Gagné is independent of the Company.
ABOUT PUMA EXPLORATION
Puma Exploration is a Canadian -based mineral exploration company with precious and base metals
projects in early to advanced stages located in the Famous Bathurst Mining Camp (BMC) . Great efforts
will be made by the Company in the coming years to deploy its DEAR strategy (Development, Exploration,
Acquisition and Royalties) in order to generate maximum value for shareholders with low shares dilution.
You can visit us on Facebook and Twitter.
Learn more by consulting www.pumaexploration.com for further information on Puma.
Marcel Robillard, President
(418) 724-0901
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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 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 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.