Welcome!

News Feed Item

Henry East Lens Confirmed at Depth with 376 g/t Ag, 1.4 g/t Au, 1.8% Pb and 3.1% Zn over 3.0m

RIMOUSKI, QUEBEC -- (Marketwire) -- 12/12/12 -- Puma Exploration (TSX VENTURE:PUM) announces the results of the two (2) deep holes drilled at Henry East Lens confirming the high grade silver and gold content of the mineralized lens at depth with the intercept of 376 g/t Ag, 1.4 g/t Au, 1.8% Pb and 3.1% Zn over 3.0 meters within a thicker zone of 280 g/t Ag, 1.03 g/t Au, 1.4 % Pb and 2.3% Zn over 4.0 meters in hole FH12-12.

The holes, for a total of 710 meters drilled, targeted the Henry East lens at about 200 meters vertical and were designed to conduct borehole geophysical surveys aiming to identify thicker and/or more conductive zones of the lens. Both holes succeeded to confirm the continuity of the mineralization at depth and the sulphide content of the EM-1 geophysical anomaly.

Highlights include:

- Drill intersection of 376 g/t Ag, 1.4 g/t Au, 1.8% Pb and 3.1% Zn over 3.0 meters within a thicker zone of 280 g/t Ag, 1.03 g/t Au, 1.4 % Pb and 2.3% Zn over 4.0 meters in hole FH12-12.

- Drill intersection of 405 g/t Ag and 0.32 g/t Au over 2.1 meters in hole FH12-13;

- Persistant mineralization at depth with the intercept of semi-massive to massive sulphide lens varying from 3-9 meters at about 200 meters deep in both holes;

- Confirmation that the 1.2 kilometers long EM-1 geophysical anomaly is caused by sulphide mineralization;

"We are very pleased with the results of the deep holes at Henry East Lens. Both holes confirmed the continuity of the mineralization at depth. It also proves that the 1.2 kilometers long EM-1 geophysical anomaly is caused by sulphide mineralization. With the borehole geophysical survey underway, we will be able to drill test thicker and/or more conductive zones of the Henry East lens" Note Marcel Robillard, President of Puma Exploration.

Table 1. Puma's holes drilled at the Henry East Lens


----------------------------------------------------------------------------
----------------------------------------------------------------------------
                    Azimuth       Dip  From    To Length   Ag   Au   Pb   Zn
Section      Hole (degrees) (degrees)   (m)   (m)    (m)(g/t)(g/t)  (%)  (%)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
SL26      FH12-12      N160        45  47.6  47.9    0.3  151 0.48  5.5  4.1
                                      193.3 193.7    0.4  197 2.07  6.5  5.5
                                      227.5 228.7    1.2  111 0.66  2.7  1.8
                                      254.5 258.5    4.0  280 1.03  1.4  2.3
                                incl. 254.5 257.5    3.0  376 1.40  1.8  3.1
                                      285.1 286.2    1.1   39 0.54  0.9  0.4
                                      317.9 318.3    0.4  193 0.30  7.2  4.5
----------------------------------------------------------------------------
SL26   FH12-04(i)      N162        45  11.5  20.6    9.1   92 1.06  0.8  0.7
                                incl.  11.5  13.5    2.0  189 0.62  1.1  0.6
----------------------------------------------------------------------------
SL26   FH12-10(i)      N160        55  27.9  34.2    6.3  121 1.17  0.8  1.0
                                incl.  31.2  34.2    3.0  187 2.30  1.5  1.5
----------------------------------------------------------------------------
----------------------------------------------------------------------------
SL28      FH12-13      N160        45 113.4 115.5    2.1  405 0.32  0.6  0.7
                                      253.9 256.3    2.4   44 0.36  0.4  0.4
                                      283.9 284.4    0.5   34 0.27  0.7  0.5
                                      376.6 376.9    0.3   34 0.01  1.5  0.9
----------------------------------------------------------------------------
SL28   FH12-02(i)      N160        45  56.5  58.3    1.8   42 0.73  1.9  0.1
                                incl.  58.0  58.3    0.3  147 3.07  2.1  2.5
----------------------------------------------------------------------------
SL28   FH12-06(i)      N160        45  12.2  19.2    7.0   55 0.53  1.0  0.8
                                incl.  12.2  13.3    1.1  194 1.62  4.1  3.0
----------------------------------------------------------------------------
----------------------------------------------------------------------------

(i) Holes released 05/12/2012

Hole FH12-12 was collared in the same section (SL26) of holes FH12-04 and FH12-10 which intersected respectively 9.1 meters of 92 g/t Ag, 1.06 g/t Au and 6.3 meters of 121 g/t Ag and 1.17 g/t Au. These three holes together confirm the depth extent and the continuity of the high grade silver and gold mineralized lens at depth.

Hole FH12-13 was collared to test the depth extend of hole FH15-05 which intersected 4.4 meters of 454 g/t Ag and 2.3 g/t Au but deviated from original direction and intersected the Henry East lens below lower grade holes FH12-02 and FH12-06. These holes intersected respectively 1.8 meters of 42 g/t Ag and 0.73 g/t Au and 7.0 meters of 55 g/t Ag and 0.53 g/t Au. Once again the continuity of the mineralization has been proven and similar grade were intersected from surface to 200 meters deep.

The Henry East Lens outcrops on surface as a semi-massive to massive sulphide zone varying in thickness from 0.5 meters to 5 meters. The mineralization zone is interpreted to be the surface expression of the EM-1 geophysical anomaly detected during the 2011 winter survey (see press release 19/05/2011). The EM-1 geophysical anomaly shows a long trend extending more than 1.2 km, from Henry Lens to TR11-24, open-ended to the west and located along the Rocky-Brook-Millstream fault.

The Rocky-Brook-Millstream fault controls the mineralisation for the Hache, Shaft and Pinetree lenses. All these mineralised lenses carry significant gold and silver enrichment. More than 100 holes were drilled at Hache lens since 2006 and defined a continuous mineralization zone over a strike length of 700 meters and to a depth of 350 meters so far.

Nicholas-Denys 2012 Exploration Program

Puma Exploration has conducted extensive exploration program at Nicholas-Denys in 2012. So far, 22 holes for 3,970 meters of drilling. 25 trenches for 3,100 meters of trenching and stripping of about 9,600 m2 were directed on the two main structures which are the Rocky-Brook-Millstream and Main Fault Zones. Currently borehole geophysical survey is underway into the deep holes to detect thicker and/or more conductive zones of the lens.

The 2012 exploration results indicated that the Nicholas-Denys property contains a significant silver-gold mineralization system that is open for extension. The area explored to date represents only 20% of the total 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 represent a key step toward the definition of an economic deposit.

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 Silver Project and Turgeon Copper Project in New Brunswick and the Little Stull Lake Gold Project in Manitoba. Puma is focusing its exploration efforts in New Brunswick, Canada, which has been ranked the best place in the world to conduct mining exploration by the 2012 Fraser Institute Survey.

Learn more by clicking here: www.pumaexploration.com

The contents of this press release were prepared by Dominique Gagne. 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.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Big Data engines are powering a lot of service businesses right now. Data is collected from users from wearable technologies, web behaviors, purchase behavior as well as several arbitrary data points we’d never think of. The demand for faster and bigger engines to crunch and serve up the data to services is growing exponentially. You see a LOT of correlation between “Cloud” and “Big Data” but on Big Data and “Hybrid,” where hybrid hosting is the sanest approach to the Big Data Infrastructure pro...
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Hardware virtualization and cloud computing allowed us to increase resource utilization and increase our flexibility to respond to business demand. Docker Containers are the next quantum leap - Are they?! Databases always represented an additional set of challenges unique to running workloads requiring a maximum of I/O, network, CPU resources combined with data locality.
In his General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at Logz.io, will explore the value of Kibana 4 for log analysis and will give a real live, hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files. He will examine three use cases: IT operations, business intelligence, and security and compliance. This is a hands-on session that will require participants to bring their own laptops, and we will provide the rest.
"We're bringing out a new application monitoring system to the DevOps space. It manages large enterprise applications that are distributed throughout a node in many enterprises and we manage them as one collective," explained Kevin Barnes, President of eCube Systems, in this SYS-CON.tv interview at DevOps at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
In his General Session at 16th Cloud Expo, David Shacochis, host of The Hybrid IT Files podcast and Vice President at CenturyLink, investigated three key trends of the “gigabit economy" though the story of a Fortune 500 communications company in transformation. Narrating how multi-modal hybrid IT, service automation, and agile delivery all intersect, he will cover the role of storytelling and empathy in achieving strategic alignment between the enterprise and its information technology.
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists peeled away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud enviro...
In their general session at 16th Cloud Expo, Michael Piccininni, Global Account Manager - Cloud SP at EMC Corporation, and Mike Dietze, Regional Director at Windstream Hosted Solutions, reviewed next generation cloud services, including the Windstream-EMC Tier Storage solutions, and discussed how to increase efficiencies, improve service delivery and enhance corporate cloud solution development. Michael Piccininni is Global Account Manager – Cloud SP at EMC Corporation. He has been engaged in t...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
"LinearHub provides smart video conferencing, which is the Roundee service, and we archive all the video conferences and we also provide the transcript," stated Sunghyuk Kim, CEO of LinearHub, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
A look across the tech landscape at the disruptive technologies that are increasing in prominence and speculate as to which will be most impactful for communications – namely, AI and Cloud Computing. In his session at 20th Cloud Expo, Curtis Peterson, VP of Operations at RingCentral, will highlight the current challenges of these transformative technologies and share strategies for preparing your organization for these changes. This “view from the top” will outline the latest trends and developm...
Things are changing so quickly in IoT that it would take a wizard to predict which ecosystem will gain the most traction. In order for IoT to reach its potential, smart devices must be able to work together. Today, there are a slew of interoperability standards being promoted by big names to make this happen: HomeKit, Brillo and Alljoyn. In his session at @ThingsExpo, Adam Justice, vice president and general manager of Grid Connect, will review what happens when smart devices don’t work togethe...
When you focus on a journey from up-close, you look at your own technical and cultural history and how you changed it for the benefit of the customer. This was our starting point: too many integration issues, 13 SWP days and very long cycles. It was evident that in this fast-paced industry we could no longer afford this reality. We needed something that would take us beyond reducing the development lifecycles, CI and Agile methodologies. We made a fundamental difference, even changed our culture...
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...