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Puma Exploration Inc V.PUMA

Alternate Symbol(s):  PUMXF

Puma Exploration Inc. is a Canada-based mineral exploration company. The Company has a portfolio of precious metals projects located near the Bathurst Mining Camp (BMC) in New Brunswick, Canada. It controls more than 70,000 hectares (ha) of prospective land in northern New Brunswick. Its projects include Williams Brook, Jonpol, Portage, TIMM, McCormack Brook South, Carleton, Rocky Fault, Jacquet River, Ten Miles Pool Road, and South East Moose Brook. The Company's primary focus is its Williams Brook North property, located approximately 60 kilometers west of the city of Bathurst and accessible via a paved road. The Jonpol properties consist of approximately 204 claims near the Murray Brook and Restigouche deposits. The Portage Lake property consists of 118 claims and is located at the northwest contact of the former Restigouche mine. The TIMM property of 223 claims is located 10 kilometer east of St-Quentin and covers 4,840 hectares.


TSXV:PUMA - Post by User

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Comment by Raftmanon Feb 23, 2016 11:58am
70 Views
Post# 24585700

RE:News Release

RE:News ReleaseA really good news!
Seems like there is a lot going on for The Cat in NB!

RIMOUSKI, QUEBEC--(Marketwired - Feb. 23, 2016) - Puma Exploration (TSX VENTURE:PUM) is pleased to announces the results of a recent ground geophysical survey carried out on the Turgeon Cu-Zn VMS project in northern New Brunswick. The 2015 ground geophysical OreVision IP survey, carried out by Abitibi Geophysics of Val d'Or, was oriented in a northwest-southeast direction perpendicular to the favourable fertile mafic volcanic horizon hosting the known mineralized deposits at Turgeon.

The survey revealed five (5) first priority untested target anomalies along the favourable horizon and also on new zones never tested. One of those represents a major VMS major anomaly of a large size of 350 meters by 350 meters, open at depth and along strike, located on the extension of the major Dragon hydrothermal alteration zone. According to Dr. Steve McCutcheon, New Brunswick VMS expert, "The Dragon Zone and the surrounding altered rocks represent a significant hydrothermal system", which was unknown at Turgeon prior to Puma's work.

The Orevision IP survey covers 1.1km of the favourable mafic volcanic extending from 100 meters northeast of the Powerline deposit to 500 meters southwest of the newly discovered Dragon Zone. Laboratory tests on available core were used to define the geophysical signature including, the conductivity, the chargeability and magnetic signature of the deposit and the host rock. The OreVision IP survey captures and processes more data while maintaining optimal resolution up to depths several times greater than conventional IP for the same cost. New Brunswick government granted $70,000 to support the exploration program at Turgeon.

"We are very excited with the results on the OreVision IP survey which identified major untested targets in the favorable horizon were conventional survey failed in the past. Using new technologies like Orevision IP and Diagnos CARDS, added to the association with VMS experts like Steve McCutcheon and Jeff Hussey, takes us a step closer in discovering of new major deposits in the Bathurst Mining Camp." Note Marcel Robillard, President of Puma Exploration.

New Brunswick government granted $70,000 to support the exploration program at Turgeon." Note Marcel Robillard, President of Puma Exploration.

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