RIMOUSKI, QUÉBEC--(Marketwired - April 6, 2015) - Puma Exploration (TSX VENTURE:PUM)(SSE:PUMA) has now completed its initial 2015 drill program at its Turgeon Copper-Zinc VMS project in New Brunswick. The spring program includes four (4) holes for a total of 1,617 meters of drilling into the Dragon sulphide zone that was discovered in 2014. All the holes encountered key intercepts of Cu stockworks and massive to semi-massive sulphide horizons in drill core. All holes were extended deeper than the planned 300 meters depth due to the persistence of sulphide zones to downhole depths between 300 to 400 meters. The mineralization consists of multiple massive sulphide layers ranging from 10 cm to 13 meters interlayered with semi-massive (25-75%) to disseminated (5-20%) sulphide mineralization. The sulphide mineralization is composed of pyrite, chalcopyrite and sphalerite.
The current program has confirmed the presence of a pervasive alteration and mineralization system at the Dragon zone. The Dragon zone is open in all directions and at depth. The recent drilling program was designed to test the extent of the VMS system on the west side and below massive sulphides encountered during drill programs carried out in 2013 and 2014. The surface expression of the Dragon zone is 300 meters long by 75 meters wide within a favorable corridor that extends for at least 2km on each side of the currently defined Dragon zone limits.
The core from the initial 2015 Turgeon drill program is currently being logged, split and will be assayed. Following the removal of the drilling equipment a deep penetration surface IP survey will be conducted on the main zones at Turgeon to identify the signature of the Powerline Zone, Zinc Zone and the Dragon Zone in order to further refine the geometry of the entire Turgeon massive sulphide system and to locate new zones within the favorable horizon. This information will be used to plan the second 2015 Turgeon drill program.
Marcel Robillard, CEO of Puma Exploration, stated: "We are delighted with the visual core indication from the initial 2015 Turgeon drilling program and look forward to starting the drills again as soon as we received analytical results from the core samples and enhanced targeting information from the new 2015 IP survey which will begin after the snow is melted. The Turgeon VMS system is growing geometrically, volumetrically with impressive massive and semi-massive sulphide intercepts."
In addition, Karl Mc Lellan, Chief Financial Officer, has resigned from the Corporation, effective April 1st, 2015. Puma has already undertaken talks to select his replacement. The Board of Directors would like to thank Mr. Mc Lellan for his services to the Corporation and wish him success in his future endeavors.
About the Turgeon VMS Property
The Turgeon property is located within a few kilometers of a deep water port of Belledune. The property is accessible by road all year round, and is crossed by a power line.
The Dragon Zone was discovered in late-2013, approximately 200 meters south of the main Powerline and Zinc Zones. Drillhole FT13-13 intersected 4 meters of massive sulphide grading 1.01% Cu and 0.78% Zn. The autumn 2014 drill program included an intercept of massive sulphides 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. (Drill Hole FT14-05). The surface expression of the Dragon zone is 300 meters long by 75 meters wide within the favorable corridor which extend for at least 2km on each side of the Dragon zone.
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. 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.
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