212, AVENUE DE LA CATHÉDRALE, RIMOUSKI (QUÉBEC) CANADA G5L 5J2 TEL.: 418.724.0901 FAX: 418.722.0310
[email protected] PUM TSXV explorationpuma.com
PRESS RELEASE
Puma samples 5 g/t gold, 267 g/t Ag, 5.3% Lead and 1.1% Zinc over 2 meters at Henry East Lens, New Brunswick
Rimouski, February 6, 2012 – Puma Exploration (PUM-TSXV) announces the results of the Henry East Lens preliminary channel sampling program at Nicholas-Denys, New Brunswick. In channel NS1, located in trench T11-29, a sample with 5 g/t Au, 267 g/t Ag, 5.3% Pb and 1.1% Zn over 2.0 meters was recovered. Two (2) other samples with 3.6 g/t Au an d 716 g/t Ag over 2.2 meters and 2.0 g/t Au and 130 g/t Ag over 2.2 meters were also collected in that trench.
Table 1. Channel Samples Results at Henry East Lens
Channel From To Length Au Ag Pb Zn # m m m g/t g/t % %
NS1 0.0 2.0 2.0 5.0 267 5.3 1.1
NS2 0.0 2.2 2.2 2.0 130 1.9 0.6
EW1 0.0 2.2 2.2 3.6 716 11.3 1.8
The Henry East Lens outcrops on surface as a semi-m assive to massive sulphide zone varying in thickness from 0.5 meters to 5 meters. The continuity of the mineralization has been proven by nine (9) different trenches, with a spacing of 25 to75 meters over a strike length of 500 meters (press release 10/11/2011). Due to winter conditions, only a limited part of trench T11-29 was accessible for channel sampling.
The Henry East Lens is closely related with the ma in Rocky-Brook-Millstream fault which also controls the mineralisation for the Haché, Shaft and Pinetree lenses. All these mineralised lenses carry significant gold and silver enrichment and the current channel sample results are similar with those collected previously on the Haché lens.
Table 2. Selected Channel Samples Results at Haché Lens
Channels From To Length Au Ag Pb Zn m m m g/t g/t % %
R07-11 15.5 22 6.5 0.27 112 2.0 1.7
including 17.75 20.75 3.0 0.37 206 3.6 3.3
R07-12 8.9 10.1 1.2 0.40 197 0.7 0.3
R07-13 0 3.2 3.2 3.05 1331 8.0 3.3
R07-14 16.1 20.1 4.0 0.83 121 0.9 0.7
including 17.4 19 1.6 1.07 192 1.2 1.0
R07-15 0 9.2 9.2 0.82 179 0.7 0.7
including 2.5 5.5 3.0 1.46 282 1.2 1.0
R07-16 18.4 34.4 16.0 0.68 233 0.9 1.3
including 18.4 20.6 2.2 2.7 1134 3.7 6.2
PUM TSXV explorationpuma.com
Channels From To Length Au Ag Pb Zn m m m g/t g/t % %
R07-17 0.65 8.25 7.6 1.58 596 3.3 4.3
including 4.2 7.7 3.5 2.94 1263 7.0 8.8
R07-18 15.7 23.4 7.7 0.84 143 0.6 0.3
including 16.7 21 4.3 1.19 217 1.1 0.2
including 16.7 18.8 2.1 2.02 372 1.9 0.2
R07-19 6.35 23.7 17.4 0.77 181 1.0 1.6
including 12.35 24.1 11.8 0.94 218 1.3 2.1
including 17.1 22 4.9 1.31 265 1.0 2.0
R07-20 13.35 28.3 15.0 1.11 192 1.2 1.2
including 13.85 20.25 6.4 1.39 401 2.5 2.3
R07-21 4.15 15.75 11.6 1.20 226 1.0 0.7
including 4.85 8.3 3.5 2.38 594 2.7 1.7
R07-22 13.1 15.25 2.2 1.00 87 0.2 0.2
R07-25 2.8 6.2 3.4 1.09 169 0.5 0.7
including 2.8 3.8 1.0 2.17 295 0.6 2.2
At the Haché lens, the channel sample results were consistent with the sub sequent drilling results. The gold and silver enrichment related with the Rocky- Brook-Millstream Main fault has been confirmed by most of the drilling completed by Puma between 2006 to 2008 and highlights are tabulated in Table 3 below.
Table 3. Selected Drill Hole Results from the Haché Lens showing gold and silver enrichment
Hole Direction Dip From To Length Au Ag Pb Zn (m) (m) (m) (g/t) (g/t) (%) (%)
F06-01 N160° -45° 40.0 52.7 12.7 1.1 257 1.1 2.4
including 46.2 52.1 6.0 1.9 477 2.1 3.6
F07-03 N160° -45° 19.0 28.5 9.5 1.1 141 0.7 1.1
including 19.0 20.6 1.6 3.3 581 3.0 4.6
F07-04 N160° -45° 47.6 51.8 4.2 1.2 262 2.4 2.1
F07-15 N160° -45° 70.9 100.0 29.1 1.2 225 1.1 2.0
including 70.9 79.3 8.4 3.8 720 3.5 5.3
including 70.9 75.7 4.8 5.6 1096 5.3 7.7
F07-16 N160° -45° 46.0 56.0 10.0 1.3 230 2.8 3.6
F07-16 61.5 69.6 8.2 1.1 160 0.7 0.7
F07-18 N160° -45° 27.2 33.0 5.8 1.6 192 1.5 5.7
F07-25 N160° -45° 62.7 65.8 3.1 1.1 494 5.5 2.8
F07-27 N160° -45° 57.8 67.9 10.1 1.0 265 1.8 2.3
including 57.8 61.5 3.7 2.0 448 2.5 2.9
F07-30 N160° -45° 6.7 11.0 4.3 1.2 269 1.0 2.0
F07-31 N340° -45° 21.9 33.7 11.9 1.2 247 1.2 1.5
including 26.1 30.7 4.6 2.1 503 2.2 3.0
F07-32 N340° -45° 27.2 32.5 5.3 1.0 540 2.7 3.3
F07-33 N340° -45° 6.8 11.9 5.1 1.9 375 1.4 3.3
F08-06 N160° -45° 158.0 161.3 3.3 3.2 373 1.0 1.1
F08-35 N160° -45° 25.0 26.0 1.0 3.5 211 0.7 0.5
PUM TSXV explorationpuma.com
The stripping and channeling program on Henry East Lens will resume as soon as the field condition allows the team to access the site. The 2011 explor ation results indicated that the Nicholas-Denys property contains a significant silver-gold mineraliza tion system that is open for extension. The area explored to date represents only 20% of the tota l length of the favourable corridor which extends over more than 10 km. The discovery of new silver- gold structures and lenses along the Rocky-Brook- Millstream Fault and the northern second main fault re present a key step toward the definition of an economic deposit.
About Nicholas-Denys
The Nicholas-Denys property is located only 20 kilometers north of Bathurst and is part of the Bathurst Mining Camp of northern New Brunswick. The property is accessible by road all year round and is intersected by a power line. The Nicholas-Denys property is 6,750 hectares and is part of Puma’s 10,476 hectare holdings in New Brunswick.
About Puma Exploration
Puma Exploration is a Canadian mineral exploration company with advanced projects in precious and base metals in Canada. The Company's major projects are the Nicholas-Denys Silver Project and Turgeon Copper Project in New Brunswick and the Little Stull La ke Gold Project in Manitoba. Puma is actually focusing its exploration efforts in New Brunswick, Ca nada, which is a resource rich area with stable government policies that offer certainty and reduce the risk for long-term projects. New players as Trevali Mining corporation who had commenced initial producti on at Halfmile Mine a nd Votorantim which is developing the Murray Brook Deposit are now very active in the area.
Learn more by clicking here: www.pumaexploration.com And visit our media page at: www.pumaexploration.blogspot.com
The contents of this press release were prepared by Dominique Gagné, a Qualified Person as defi ned in NI 43-101. The samples were analyzed at the ALS Chemex laboratory in Val d’Or us ing the atomic absorption and ICP methods. There is not enough drilling data presently available to determine the shape and true width of the mineralized zone. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibili ty for the adequacy or accuracy of this release.
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For further information on Puma Exploration, contact:
Marcel Robillard, President Puma Exploration More information (418) 724-0901 Toll free: (800) 321-8564 [email protected]
Forward-Looking Statements: This press release may contain forward-looking statements. Such forwardlooking 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 different from actual future results and achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place un due reliance on 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 statements. These risks and uncertainties are described in the quarterly and annual reports and in the documents submitted to the securities administration.
Nicholas-Denys (Silver) Active Projects in New Brunswick Turgeon (Copper) New Brunswick Bathurst Belledune Campbelton Brunswick #12 Mine Heath Steel Mine Caribou Mine Restigouche Mine Nigadoo Mine Puma and DNR offices Airport DNR Core Shack Railway Stable government policies that offer certainty and reduce the risk of long-term projects.
Perfect Location
0 15 km Skilled labor force Airport Regional DNR Office and Core shack Railway Quebec Bathurst area includes: Halfmile Stratmat Nicholas-Denys (Ag) Turgeon (Cu) 3,726 ha.
6,750 ha.
100% Interest New Discoveries during the 2011 Summer Program Henry meters Cullinan South 21.1 g/t Au, 18 g/t Au, 16 g/t Au Henry East Grab sample Structure 1 Structure 2 Structure 3
2.1 g/t Au, 237 g/t Ag, 10% Pb, 7.4% Zn
0.7 g/t Au, 2090 g/t Ag, 47.9% Pb 10.6 g/t Au, 75 g/t Ag Zarina
1020 g/t, 0.25% Bi, 3.1% Pb, 5.5% Zn
966 g/t, 0.27% Bi, 3.2% Pb, 5.7% Zn
Dante Lens
6.2 g/t Au, 299 g/t Ag, 3.1% Pb
27.3 g/t Au, 943 g/t Ag, 15.0% Pb, 3.4% Zn
7.3 g/t Au, 1,980 g/t Ag, 20.0% Pb
13.0 g/t Au, 543 g/t Ag, 8.0% Pb, 7.5% Zn
12.3 g/t Au, 701 g/t Ag, 14.6% Pb, 5.6% Zn
21.10 g/t Au - 106 g/t Ag 17.95 g/t Au - 82 g/t Ag 6.2 g/t Au - 299 g/t Ag - 3.1% Pb 0.6 g/t Au - 21 g/t Ag 27.3 g/t Au - 943 g/t Ag - 15% Pb - 3.4% Zn 19.3 g/t Au - 776 g/t Ag - 12.9% Pb - 4.7% Zn 9.6 g/t Au - 440 g/t Ag - 6.5% Pb - 2.9% Zn 7.3 g/t Au - 1980 g/t Ag - 20% Pb 19.9 g/t Au - 777 g/t Ag - 13,4% Pb - 12.6% Zn 3.8 g/t Au - 158 g/t Ag - 2.6% Pb 13 g/t Au - 543 g/t Ag - 8% Pb - 7.5% Zn 5.9 g/t Au - 872 g/t Ag - 2.9% Pb 12.5 g/t Au - 133 g/t Ag - 1.9% Pb - 12.6% Zn 12.3 g/t Au - 701 g/t Ag - 14.6% Pb - 5.6% Zn 6.8 g/t Au 10.4 g/t Au - 2450 g/t Ag - 10.1% Pb T11-15 T11-30 T11-43 T11-42 T11-45 T11-11 T11-18 T11-28 21.10 g/t Au - 106 g/t Ag 17.95 g/t Au - 82 g/t Ag 6.2 g/t Au - 299 g/t Ag - 3.1% Pb 0.6 g/t Au - 21 g/t Ag 27.3 g/t Au - 943 g/t Ag - 15% Pb - 3.4% Zn 19.3 g/t Au - 776 g/t Ag - 12.9% Pb - 4.7% Zn 9.6 g/t Au - 440 g/t Ag - 6.5% Pb - 2.9% Zn 7.3 g/t Au - 1980 g/t Ag - 20% Pb 19.9 g/t Au - 777 g/t Ag - 13,4% Pb - 12.6% Zn 3.8 g/t Au - 158 g/t Ag - 2.6% Pb 13 g/t Au - 543 g/t Ag - 8% Pb - 7.5% Zn 5.9 g/t Au - 872 g/t Ag - 2.9% Pb 12.5 g/t Au - 133 g/t Ag - 1.9% Pb - 12.6% Zn 12.3 g/t Au - 701 g/t Ag - 14.6% Pb - 5.6% Zn 6.8 g/t Au 10.4 g/t Au - 2450 g/t Ag - 10.1% Pb T11-15 T11-30 T11-43 T11-42 T11-45 T11-11 T11-18 T11-28 T11-10 T11-14 T11-20 T11-21 T11-22 T11-29 T11-44 T11-55 125,00 metres Trench Program 2011 - Nicholas Denys Property Henry East Lens Rocky Brook Millstream Fault ************************************************* Transverse Fault Trenches Henry East Lens 644644644644644644644644644644644644644644644644644644644644644644644644644644644644644644644644644644644644644644644644644644644644644644644644644 777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777777 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620620620620620620620620620620620620620620620620620620620620620620620620620620620620620620620620620620620620620620620620620620620620620620620620620 20202020202020202020202020202020202020202020202020202020202020202020202020202020202020202020202020 150150150150150150150150150150150150150150150150150150150150150150150150150150150150150150150150150150150150150150150150150150150150150150150150150132132132132132132132132132132132132132132132132132132132132132132132132132132132132132132132132132132132132132132132132132132132132132132132132132 9,939,939,939,939,939,939,939,939,939,939,939,939,939,939,939,939,939,939,939,939,939,939,939,939,939,939,939,939,939,939,939,939,939,939,939,939,939,939,939,939,939,939,939,939,939,939,939,939,937,077,077,077,077,077,077,077,077,077,077,077,077,077,077,077,077,077,077,077,077,077,077,077,077,077,077,077,077,077,077,077,077,077,077,077,077,077,077,077,077,077,077,077,077,077,077,077,077,07 0,280,280,280,280,280,280,280,280,280,280,280,280,280,280,280,280,280,280,280,280,280,280,280,280,280,280,280,280,280,280,280,280,280,280,280,280,280,280,280,280,280,280,280,280,280,280,280,280,28 9,589,589,589,589,589,589,589,589,589,589,589,589,589,589,589,589,589,589,589,589,589,589,589,589,589,589,589,589,589,589,589,589,589,589,589,589,589,589,589,589,589,589,589,589,589,589,589,589,588,218,218,218,218,218,218,218,218,218,218,218,218,218,218,218,218,218,218,218,218,218,218,218,218,218,218,218,218,218,218,218,218,218,218,218,218,218,218,218,218,218,218,218,218,218,218,218,218,21 19,919,919,919,919,919,919,919,919,919,919,919,919,919,919,919,919,919,919,919,919,919,919,919,919,919,919,919,919,919,919,919,919,919,919,919,919,919,919,919,919,919,919,919,919,919,919,919,919,9 11,111,111,111,111,111,111,111,111,111,111,111,111,111,111,111,111,111,111,111,111,111,111,111,111,111,111,111,111,111,111,111,111,111,111,111,111,111,111,111,111,111,111,111,111,111,111,111,111,1 2,782,782,782,782,782,782,782,782,782,782,782,782,782,782,782,782,782,782,782,782,782,782,782,782,782,782,782,782,782,782,782,782,782,782,782,782,782,782,782,782,782,782,782,782,782,782,782,782,78 18,718,718,718,718,718,718,718,718,718,718,718,718,718,718,718,718,718,718,718,718,718,718,718,718,718,718,718,718,718,718,718,718,718,718,718,718,718,718,718,718,718,718,718,718,718,718,718,718,7 9,839,839,839,839,839,839,839,839,839,839,839,839,839,839,839,839,839,839,839,839,839,839,839,839,839,839,839,839,839,839,839,839,839,839,839,839,839,839,839,839,839,839,839,839,839,839,839,839,83 3,983,983,983,983,983,983,983,983,983,983,983,983,983,983,983,983,983,983,983,983,983,983,983,983,983,983,983,983,983,983,983,983,983,983,983,983,983,983,983,983,983,983,983,983,983,983,983,983,98 0,550,550,550,550,550,550,550,550,550,550,550,550,550,550,550,550,550,550,550,550,550,550,550,550,550,550,550,550,550,550,550,550,550,550,550,550,550,550,550,550,550,550,550,550,550,550,550,550,55 0,720,720,720,720,720,720,720,720,720,720,720,720,720,720,720,720,720,720,720,720,720,720,720,720,720,720,720,720,720,720,720,720,720,720,720,720,720,720,720,720,720,720,720,720,720,720,720,720,721,451,451,451,451,451,451,451,451,451,451,451,451,451,451,451,451,451,451,451,451,451,451,451,451,451,451,451,451,451,451,451,451,451,451,451,451,451,451,451,451,451,451,451,451,451,451,451,451,45 7,317,317,317,317,317,317,317,317,317,317,317,317,317,317,317,317,317,317,317,317,317,317,317,317,317,317,317,317,317,317,317,317,317,317,317,317,317,317,317,317,317,317,317,317,317,317,317,317,31 8,48,48,48,48,48,48,48,48,48,48,48,48,48,48,48,48,48,48,48,48,48,48,48,48,48,48,48,48,48,48,48,48,48,48,48,48,48,48,48,48,48,48,48,48,48,48,48,48,4 0,270,270,270,270,270,270,270,270,270,270,270,270,270,270,270,270,270,270,270,270,270,270,270,270,270,270,270,270,270,270,270,270,270,270,270,270,270,270,270,270,270,270,270,270,270,270,270,270,27 0,40,40,40,40,40,40,40,40,40,40,40,40,40,40,40,40,40,40,40,40,40,40,40,40,40,40,40,40,40,40,40,40,40,40,40,40,40,40,40,40,40,40,40,40,40,40,40,40,4 0 3,000 metres Close-Up Channel Samples at TR-11-29 Silver (grey) and gold (yellow) (g/t) 3,58 g/t Au - 716 g/t Ag 5 g/t Au - 267g/t Ag 2 g/t Au - 130g/t Ag TR-11-28