Puma drills 405 meters of high grade polymetallic mineralization at the Murray Brook Deposit, New Brunswick, including significant new high-grade gold zone.
175, RUE LEGARÉ, RIMOUSKI (QUÉBEC) CANADA G5L 3B9
TEL.: 418. 724.0901 FAX: 418.722.0310
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PRESS RELEASE
Puma drills 405 meters of high grade polymetallic mineralization at the Murray Brook Deposit,
New Brunswick, including significant new high-grade gold zone.
Rimouski, October 31 st , 2017 – Puma Exploration (the “Company” or “Puma”) is pleased to announce
the results of the first of three holes from the 20 17 drilling program at its Murray Brook Deposit in New
Brunswick. Hole MB17-01 intersected over 405 meters of continuous massive sulphide mineralization
starting from 27 meters from surface and extending to a depth of 435 meters. The overall grades of the 405
meter massive sulphide mineralization are 3.3% Zn, 1.1% Pb, 0.95g/t Au, 42g/t Ag, and 0.30% C u
including a high grade gold zone of 2.0 g/t Au over 160 meters.
Hole MB17-01, drilled to a total downhole depth of 549 meters, was designed to validate historic high-grade
zones, to expand the potential resources at depth a nd to define the geological model, including the me tal
zonation. All of this new information will be use d for mining plan in the current Preliminary Econom ic
Assessment (‘’PEA’’) along with the Results of a bulk sample of 200-300 kg of fresh core being collected to
proceed with more advanced metallurgical recovery studies.
LINK TO FIGURE 1
The 405 meters of massive sulphide intersected in h ole MB17-01 is characterized by numerous higher-grade
thick zinc horizons with grades up-to 5.8% Zn, 2.8% Pb, 1.05 g/t Au, 77 g/t Ag, over 53 m eters and also
much higher-grade zinc intercepts of 10.04% Zn, 3.23% Pb, 2.58 g/t Au, 119 g/t Ag over 17 meters .
*Highlights of Higher-grade Zinc Zones in Hole MB17-01 and other significant results can be found in
Table 1 below.
■ 27.0m to 39.0m (12.0m) : 4.54% Zn, 1.02%Pb, 0.31 g/t Au, 28 g/t Ag, 2.15% Cu
■ 65.0m to 77.0m (12.0m) : 5.57% Zn, 3.10%Pb, 0.20 g/t Au, 97 g/t Ag, 0.38% Cu
■ 135.0m to 142.0m (7.0m) : 6.24% Zn, 0.85%Pb, 0.44 g/t Au, 27 g/t Ag
■ 151.0m to 160.0m (9.0m) : 6.45% Zn, 1.93%Pb, 55 g/t Ag
■ 174.0m to 180.0m (6.0m) : 5.12% Zn, 2.09%Pb, 50 g/t Ag
■ 253.0m to 264.0m (11.0m) : 5.53% Zn, 2.40%Pb, 0.29 g/t Au, 117 g/t Ag
■ 285.0m to 306.0m (21.0m) : 7.07% Zn, 3.57%Pb, 1.60 g/t Au, 62 g/t Ag
■ 344.0m to 351.0m (7.0m) : 5.12% Zn, 1.11%Pb, 2.62 g/t Au, 50 g/t Ag, 0.56% Cu
■ 357.0m to 374.0m (17.0m) : 10.04% Zn, 3.23%Pb, 2.58 g/t Au, 119 g/t Ag, 0.56% Cu
■ 383.0m to 390.0m (7.0m) : 6.49% Zn, 1.78%Pb, 2.31 g/t Au, 134 g/t Ag, 0.80% Cu
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Hole MB17-01 Analysis (or Discussion)
Hole MB17-01was drilled at a -45° declination in the center of the west side of the Murray Brook Deposit, is
characterized by high grade zinc mineralization, wh ich constitutes the core of the resource estimate r eleased
in December 2016. The West Zone (Zinc) is 200 meter s wide, extending from surface to 300 meters vertic al
and the true thickness of the massive sulphide body varies from 75 meters to 100 meters. Please refer to
figures 1 and 2.
LINK TO FIGURE 2
MB17-01 has successfully identified new mineralized zones at depth, and, due to its orientation and
declination, has filled gaps between previously dri lled holes, which will increased the confidence of
continuity in the current PEA, as follows:
From 27 meters to 100 meters, MB17-01 has filled a 73 meter gap between two previous holes with a
intersection of 4.54% Zn, 1.02% Pb, 2.15% Cu over 1 2.0 meters (extending laterally the surface rich
copper and zinc zones for more than 50 meters) and with a second infill intercept of 5.57% Zn,
3.10% Pb, 97 g/t Ag over 12 meters.
From 135 meters to 205 meters, MB17-01 has filled a 70 meter gap between two previous holes
with an infill intercept of 5.14% Zn, 1.05% Pb, 36 g/t Ag over 26.0 meters.
From 295 meters to 420 meters, a MB17-01 massive su lphide intersect located below the current
zinc resource block model fills 125 meter gap betwe en two previously drilled holes. This
mineralization is represented by one of the best in tercepts of the current hole with 5.26% Zn, 1.52%
Pb, 2.62 g/t Au over 59 meters, representing a sign ificant at-depth extension of the current define
“Zinc” block envelope.
From 420 meters to 549 meters, MB17-01 extends the favorable host sedimentary horizon for more
than 129 meters. Footwall sediment alteration is re presented by strong chloritization and
silicification. The mineralization beyond 435 meter s, downhole from the projected mineral target,
contains lower grade mineralization. The system remains open downhole and, more likely, vertically
below or above the last part of the current hole.
Table 1. Significant intercepts in the Hole MB17-01
Drill hole From To Length Au Ag Cu Pb Zn Pb+Zn Comments
(m) (m) (m) gt gt % % % % MB17-01 27.0 432.0 405.0 0.95 41 0.34 1.14 3.30 4.44 Conti nuous massive sulphide
incl . 27.0 39.0 12.0 0.31 28 2.15 1.02 4.54 5.56 Extends Cu+Zn zone by 50m
65.0 77.0 12.0 0.20 97 0.38 3.10 5.57 8.67 Fills 73m gap between 2 holes
134.0 160.0 26.0 0.34 36 0.08 1.05 5.14 6.20 Fills 70m gap between 2 holes
incl. 135.0 142.0 7.0 0.44 27 0.05 0.85 6.24 7.09 incl. 151.0 160.0 9.0 0.07 55 0.03 1.93 6.45 8.38 174.0 180.0 6.0 0.03 50 0.02 2.09 5.12 7.21
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Drill hole From To Length Au Ag Cu Pb Zn Pb+Zn Comments
(m) (m) (m) gt gt % % % %
253.0 306.0 53.0 1.05 77 0.06 2.83 5.83 8.66 incl. 253.0 264.0 11.0 0.29 117 0.02 2.40 5.53 7.93 incl. 285.0 306.0 21.0 1.60 62 0.09 3.57 7.07 10.64 341.0 400.0 59.0 2.62 72 0.68 1.52 5.26 6.78 Below the Current Resource Estimate
incl. 357.0 374.0 17.0 2.58 119 0.56 3.23 10.04 13.27 incl 367.0 373.0 6.0 1.70 149 0.24 4.73 14.91 19.63
* Highlights and Table 1 represent length and grade weighted composite core intervals. True thickness is
estimated to be approximately 20-40% of the reporte d intervals. The lateral extend is estimated at 70- 80%
core intervals.
“We are very pleased with the results from hole MB1 7-01. The massive sulphide intersection below the
current resource estimate represents a fundamental and significant expansion of the system’s geometry and
metal content. We look forward to incorporating this new information into our deposit resource model. Also,
this “deep model” extension carries higher than ant icipated gold values, represented by a 160 meter dr ill
intersection of 2.0 g/t Au, including 3.02 g/t Au o ver 25 meters. The contrasts with the existing reso urce
estimate that assigns a value of only 0.65 g/t Au f or the entire block model.”, notes Marcel Robillard ,
President of Puma Exploration.
Diamond drill holes MB17-02 (74m) and MB17-03 (174m) were drilled close to surface to test the extension
of the Murray Brook deposit toward the south-wester n extension. The results from these holes are pendi ng
and their location is referenced in Figure 2.
Qualified Persons and QC/AC
The contents of this press release were prepared by Marcel Robillard, P.Geo., President and Dominique
Gagné, P.Geo., Vice President of Exploration, are q ualified persons as defined by NI 43-101 and have
supervised the preparation and technical informatio n that forms the basis for this news release. Neith er TSX
Venture Exchange nor its Regulation Services Provid er (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Mr. Robillard and Mr.
Gagné are not independent of the company, as he is an officer and shareholder. The samples are prepare d,
sent, processed at ALS Val D’Or, Québec and ALS Sud bury, Ontario. All samples were assays by ME-
ICP41 method and gold was assay by AU-AA26 method. QA/QC are monitored by the analysis of blanks,
reference material and replicate samples at a frequency of one (1) of each per 30 samples.
About the Murray Brook Project
The Murray Brook Project consists of three (3) dist inct contiguous areas that cover more than 18 kilom eters
of the favorable rocks that host the operating Cari bou Mine (Trevali Mining Corp.), the Murray Brook
Deposit and the past operating Restigouche Mine (Tr evali Mining Corp.). From east to west, the project
comprises the Murray Brook East Property (4925), th e Murray Brook Mining Lease (# 252) and the Murray
Brook West Property (7846) (refer to website). The Murray Brook East and Murray Brook West Properties
have been subject to various degrees of exploration and share the same potential of increasing the min eral
resources defined at the Murray Brook Deposit. The Company has defined several future priority targets on
these properties (see Figure 2).
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The Murray Brook deposit has a currently defined me asured and indicated mineral resources of 5.28 million
tonnes averaging 5.24% zinc, 1.80% lead, 0.46% copp er, 68.9 g/t silver and 0.65 g/t gold . The core of
the mineral resource occurs in the West Zone which is 200 meters wide, extending from surface to 300
meters vertical and the true thickness of the massive sulphide body varies from 75 meters to 100 meters. The
East Zone (Copper-Gold) is 100 meters wide, also ex tending from surface to 300 vertical meters and is
mainly mineralized with gold and copper. On Februar y 20 th 2017, a NI 43-101 report was accepted and filed
on SEDAR.
About Puma Exploration Inc.
Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals
projects in Canada. The Company's major assets cons ist of an option to acquire 100% per cent beneficia l
interest in the Murray Brook Property, the Turgeon Zinc-Copper Project and the Nicholas-Denys Project
located in New Brunswick as well as an equity inter est in BWR Resources, Manitoba. Puma’s objective fo r
the coming year is to focus its exploration efforts in New Brunswick.
You can visit us on Facebook and Twitter.
Learn more by consulting www.pumaexploration.com for further information on Puma Exploration Inc.
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 achievemen ts of Puma Exploration Inc. to be materially differ ent
from actual future results and achievements express ed or implied by such forward-looking statements.
Readers are cautioned not to place undue reliance o n 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 st atements. These risks and uncertainties are describ ed in
the quarterly and annual reports and in the documents submitted to the securities administration.
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