PUMA Exploration to Drill the Chester Property IN 2020
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
PRESS RELEASE
PUMA EXPLORATION TO DRILL THE CHESTER PROPERTY IN 2020
Rimouski, February 18th, 20 20 – Puma Exploration Inc. ( the “Company” or “Puma” ) is pleased to
announce that it elects to maintain the Chester Property option agreement in good standing and ha s
fulfilled the minimum requirements for the first year anniversary as stipulated in the option agreement (see
news 12/02/2019).
During the first year work program, Puma proceeded with several exploration techniques includ ing :
geological mapping, extensive data compilation, 3D EM inversion, detailed AI targeting survey (Windfall
Geotech WIN-TSXV), and a trenching program (4,500 m). Current exploration work completed by Puma
was aimed to identify the best 5-10 targets to be drilled on the property during the second year program.
The trenching program conducted on the Chester Property in November and December 2019 highlight
and increase the potential of the gossan zone overlying the East Zone. Puma sampled in trench T19-04,
1.87% Cu, 1.36% Cu and 1.03% Cu. Furthermore, Puma is pleased to report values of up to 1.06 g/t Au
in the gossan zone. Very limited gold analysis has been performed in the past and will be syste matically
evaluated in the upcoming exploration programs. The trenching program also identif ied a large
hydrothermal system characterised by geochemical anomalies (Se/S, As, Cu+Pb+Zn, Mg+Fe, Ba and
Si) located NE of the East Zone. Adding to the alteration signature, the area coincides with a major gravity
anomaly and a low magnetic boundary. Only one hole was drilled by Noranda and was then deepened by
Teck in 1994 (CN-12) in the area. The hole CN-12 intersected the favorable horizon consisting of strongly
altered and variably mineralized felsic volcanic grading 0.19% Pb+Zn over 118 meters without any further
follow-up program.
2020 OBJECTIVES AT CHESTER
The objective for 2020 is to find new mineralized zones at Chester by drilling and making significant new
discoveries. The East Zone and Central Zone represents the most prospective areas of the property and
could be the proximal edge of a new massive sulphide deposit.The previous operators concentrated their
efforts on the West Zone (feeder zone). No mineral resource estimates have been calculated under NI43-
101 guidelines for the Central and the East Zones and most of the holes drilled were completed before the
1980’s.
ABOUT CHESTER
The Chester property is known to contain Copper Deposits containing three (3) zones; the Central Zone,
the East Zone, and the West Zone (Copper Stringer) all located near the surface. Only the West Zone was
included in the NI 43-101 resources calculation dated 2008 and updated in 2014. The copper deposit has
measured & indicated resource s of 1,400,000 tonnes grading 1. 38% Cu and 3.5 g/t Ag and inferred
resources of 2,089,000 tonnes grading 1. 26% Cu (assayed for Cu only) as reported in the NI 43-101
Technical Report entitled “Technical Report - Chester Copper Property New Brunswick Canada” (effective
March 07, 2014) prepared by Robert C. Sim, P. Geo., for Explor Resources and filed on www.sedar.com.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
The previous operators at Chester Deposit reported historical resources totalling 16.8 Mt at 0.76 % Cu
divided in three zones* :
■ East Zone*: 0.5 Mt of massive and disseminated sulphide grading 0.78%Cu, 0.36% Pb and 1.14% Zn.
■ Central Zone*: 1.1 Mt of massive sulphide grading 0.47%Cu, 0.90% Pb and 2.22% Zn.
■ West Zone*: 15.2 Mt of copper stringers grading 0.78%Cu.
*Puma is not treating the “historical resources estimate” as a “current resources estimate” or “mineral
reserves”, as it has not taken steps to identify what work needs to be done to verify, upgrade or re-classify
the “historical resources estimate” using a qualified person from Puma or independent third party.
Significant previous drill results at Chester property
West Zone (Surface to 50m) Central Zone (Surface to 50m)
4.8% Cu over 20.3 meters 10.8% Zn + 4.5% Pb over 5.6 meters
3.4% Cu over 25.0 meters 7.4% Zn + 2.3% Pb over 6.1 meters
6.0% Cu over 13.1 meters 8.0% Zn + 3.9% Pb over 7.0 meters
8.0% Cu over 5.2 meters 8.5% Zn + 4.0% Pb over 7.9 meters
4.9% Cu over 14.2 meters 7.0% Zn + 2.6% Pb over 15.6 meters
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. While our priority remains to finalize the acquisition of the Murray
Brook project in New Brunswick, 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.
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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
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
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 un certainties are described in the
quarterly and annual reports and in the documents submitted to the securities administration.