PUMA Samples 1.87% Cu and 1.06 G/T Au IN the East Zone of Chester Property
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
PRESS RELEASE
PUMA SAMPLES 1.87% CU AND 1.06 G/T AU IN THE EAST ZONE OF CHESTER PROPERTY
Rimouski, January 8th, 20 20 – Puma Exploration Inc. (the “Company” or “Puma” ) is please d to
announce that during the initial exploration work conducted on the Chester property in November and
December 2019, Puma sampled 1.87% Cu, 1.36% Cu and 1.03% Cu in trench T19-04 located in the East
Zone. Furthermore, Puma is pleased to report values of up to 1.06 g/t Au in the gossan zone overlying
the East Zone recently trenched by the technical team. Very limited gold analysis has been performed in
the past and will be systematically evaluated in the upcoming exploration programs.
The trenching program also identified 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. The Se/S ratio can be
used as an indicator of a probable magnetic component for high temperature sulfurs ( hydrothermal
alteration). Adding to the alteration signature, the area coincide s 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.
The East Zone and Central Zone represent the most prospective areas of the property to find significant
new deposits as the previous operators and the recent work 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.
The massive sulphide zones are exposed at the surface as a gossan mineralization. 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.
Recently, Puma has continued to consolidate its position in the Bathurst Mining Camp to double in size
the Chester area and is now composed of 303 claims covering a total of 6,654 hectares (see NR 2019-11-
13). Puma now controls two (2) major area s : Murray Brook and Chester which represents the best two
base metal assets undeveloped in the famous Bathurst Mining Camp in New Brunswick.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
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
historical measured & indicated resources 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, 20 14) prepared by Robert C. Sim, P. Geo., for Explor Resources and filed on
www.sedar.com. 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
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
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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.