RIMOUSKI, QUEBEC--(Marketwired - March 11, 2015) - Puma Exploration (TSX VENTURE:PUM)(SSE:PUMA) has just started a 1,500 meters drill program at its 100% Turgeon Copper-Zinc VMS deposit in New Brunswick. The drill program is designed to define the extents of the new high grade Zinc massive sulphide lens grading 10% Zn over 2.7 meters intersected during the last drilling operation and to validate the VMS model with the discovery of higher grade Copper Stockworks.
The recent successful drill program included the discovery of high grade Zinc massive sulphide zone grading 5.66% Zn, 0.38% Cu and 2.3 g/t Ag over 6.8 metres starting downhole at 219.1 meters and includes 10.05% Zn and 0.23% Cu over 2.7 metres within a 292 metre intercept of an anomalous zinc mineralization halo that grades 0.32% Zn (Drill Hole FT14-05).
All the 2014 holes intersected mineralized volcanics with intense hydrothermal alteration. In drillhole FT14-05 a 115 meter intersection of hydrothermally altered rock was intercepted between 188 and 303 meters, grading 0.53% Zn and 0.10% Cu, including 1.13% Zn and 0.10% Cu over 44.1 meters.
Drillholes FT14-01, FT14-02 and FT14-03 each intercepted copper stockwork horizons 100 meters northeast of the new Dragon zone and 75 meters southwest of the Powerline and Zinc Zones. The mineralization presents itself in the form of chalcopyrite veinlets within chloritized basalt host rock. This type of mineralization is common to VMS deposits and may indicate a feeder zone that is spatially related with the deposition of massive sulphide horizons.
"The main objective of the current program is to discover additional higher grade Cu-Zn mineralization associated with the typical VMS geological model in the Dragon Zone area, in particular, Cpy Stockwork mineralization over significant thickness which could be related with the recently discovered massive sulphide intercepts and proving-up the presence of entire new VMS system." notes Marcel Robillard, President of Puma Exploration.
The Turgeon property is located within a few kilometers of a deep water port which provide an unparalleled infrastructure advantage compared to similar projects around the world.
About Puma Exploration
Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The Company's major assets are the Nicholas-Denys Project and Turgeon Copper Project in New Brunswick and the Little Stull Lake Gold Project in Manitoba. Puma is focusing now its exploration efforts in New Brunswick, Canada.
Learn more by clicking here: www.pumaexploration.com
The contents of this press release were prepared by Dominique Gagné. a Qualified Person as defined in NI 43-101. The samples were analyzed at the ALS Chemex laboratory in Val d'Or using 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 responsibility for the adequacy or accuracy of this release.
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 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 undue 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.