Puma Exploration launches Preliminary Economic Assessment on Murray Brook ZINC Deposit, New
PRESS RELEASE For immedi ate dissemination
Puma Exploration launches Preliminary Economic Assessment on Murray Brook ZINC Deposit, New
Brunswick, Canada
Rimouski, April 11 th , 2017 Puma Exploration Inc. (PUM: TSX-V) (the “Company” or “PUMA”) has
launched a Preliminary Economic Assessment (“PEA”) on its high-grade Zinc Murray Brook Deposit (the
“Deposit”) located in the Bathurst Mining Camp, New Brunswick. PUMA has appointed P&E Mining
Consultants Inc. (“P&E”) of Brampton, Ontario to lead the study and prepare an NI 43-101 technical report on
the project by year end. P&E has previously complet ed an initial Mineral Resource Estimate and a posit ive
PEA in 2013 on the high tonnage (17 M tonnes) lower grade open pit scenario of the Deposit and prepare d an
National Instrument 43-101 (“NI 43-101”) Mineral Re source Estimate on the underground high-grade Zinc
portion of the deposit in December 2016.
Preliminary Economic Assessment (PEA)
The updated PEA will assess the best means of extra cting the mineralization and examine whether, owing to
the current prices of metals, the project should co mmence as an open pit whith later transition to und erground
operations or only as an underground scenario. The capital expenditures and operating costs will be ev aluated
as well as the different options to monetize the ox ide Mineral Resource located on the top of the Depo sit.
Different mining scenarios are possible at Murray B rook, since the Deposit starts at surface to 300 me tres in
depth with the higher grade zone is located between 200-300 metres. The Deposit remains open at depth.
“The completion of the PEA will be a truly defining milestone for PUMA with the Murray Brook project. The
potential to grow the Mineral Resource is significa nt according to the drill ready targets located alo ng strike
and toward the Caribou Mine" notes Marcel Robillard, PUMA’s President.
Open Pit Mineral Resource Estimates
The Deposit contains sulphide historical resources of 1.078 Blbs of zinc (“Zn”) , 183 Mlbs of Copper (“Cu”),
390 Mlbs of Lead (“Pb”), 23.9 Moz of Silver (“Ag”) and 338 Koz of Gold (“Au”) within historical measur ed
and indicated resources of 17,884,000 tons at 2.73 % Zn, 0.47 % Cu, 0.99 % Pb, 41.7 g/t Ag and 0.59 g/t Au.
The historical Mineral Resource Estimate was prepar ed for Votorantim Metals Canada in accordance with 43-
101 in 2012 from 132 drillholes and used terminolog y compliant with the current reporting standards. P UMA
has not made any attempt to reclassify the Mineral Resource Estimates according to current standards o f
disclosure, and is not treating the estimate as a current Mineral Resource. Investors are cautioned that historical
Mineral Resources are considered conceptual in natu re, and there is no guarantee that historic potenti al
Mineral Resources will be able to be converted into current NI 43-101 Mineral Resource categories or
demonstrate economic viability. A qualified person has not done sufficient work to classify the histor ical
estimate as current Mineral Resource.
PUM TSXV
explorationpuma.com
Underground Mineral Resource Estimate
The underground Sulphide Mineral Resource Estimate is comprised of Measured and Indicated Mineral
Resources totaling 5.28 million tonnes averaging 5. 24% Zn, 1.80% Pb, 0.46% Cu, 68.9 g /t Ag and 0.65 g /t
Au. It contains 610 Mlbs of Zn , 209 Mlbs of Pb, 54 Mlbs of Cu, 11.7 Moz of Ag and 111 Koz of Au at a C$85
per tonne net smelter return (“ NSR”) cut-off in the Sulphide Measured and Indicated categories.
The National Instrument 43-101 Mineral Resource Est imate for sulphide and oxide mineralization at an $ 85/t
NSR cut-off was used. The drilling database of the Deposit contains 10,045 samples, all of which were
analyzed for Zn, Pb, Cu, Ag and Au. A total of 7,96 4 assays from 141 drill holes have been utilized fo r the
Mineral Resource Estimate. The drilling was carried on between 2010 to 2013.
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 are the 67.9-per-cent beneficial interest in the Murray Brook
Property, the Turgeon Zinc-Copper Project, the Nich olas-Denys Project in New Brunswick and an equity
interest in Black Widow Resources with the Little S tull Lake Gold Project in Manitoba. In 2017, PUMA w ill
direct all of its efforts on the Company’s three (3 ) main base metals projects in New Brunswick which are the
Murray Brook, Turgeon and Nicholas-Denys projects with special emphasis on the Murray Brook Property.
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Learn more by consulting www.pumaexploration.com for further information on Puma Exploration Inc.
Marcel Robillard, President
(418) 724-0901
The contents of this press release were prepared by Marcel Robillard, P.Geo., a Qualified Person as de fined in
NI 43-101. Neither TSX Venture Exchange nor its Reg ulation 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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Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-
looking statements involve a number of known and un known 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. Reader s are
cautioned not to place undue reliance on these forw ard-looking statements which speak only as of the d ate the
statements were made, except as required by law. Pu ma Exploration undertakes no obligation to publicly
update or revise any forward-looking statements. Th ese risks and uncertainties are described in the qu arterly
and annual reports and in the documents submitted to the securities administration.