Click here to close now.




















Welcome!

News Feed Item

Puma Discovers a New VMS System at Turgeon Copper-Zinc Project in New Brunswick

RIMOUSKI, QUEBEC -- (Marketwired) -- 04/29/14 -- Puma Exploration (TSX VENTURE:PUM) has discovered a new near-surface (100m deep) VMS system at its 100% Turgeon Copper-Zinc project in New Brunswick. These finds were recently generated by a 15 hole, 2017 meter drill program designed to target IP, EM and magnetic geophysical anomalies within 500 meters of the main deposits.

The new system discovered, named the Dragon Zone, is located only 200 meters south-west of the main Powerline and Zinc Zone deposits and occurs in an area that has received very limited drilling. Hole FT13-13 intersected four meters of massive sulphide grading 1.01% Cu and 0.78% Zn which is similar in grade to the massive sulphide zones intersected throughout the adjacent main deposits at Turgeon. This zone is interpreted to be the edge of an pervasive VMS system that occurs in the same volcanic unit that shows a significant zinc mineralization halo over a plus 100 meter intersection in drillhole FT13-12 with 0.16% Zn over 161 meters and drillhole FT13-15 with 0.11% Zinc over 114.9 meters.

Another area of interest is located 100 meters west of the new Dragon Zone and is currently defined by holes FT13-01, FT13-08 and FT13-10. It also displays significant zinc mineralization with 0.23% Zinc over 139.8 meters (FT13-01) and 0.20% Zinc over 52.1 meters (FT13-10). While extremely encouraging, the results are preliminary and this new zone will require additional drilling to fully test its potential and its location in the Turgeon volcanic pile.

Significant drill results from the recent Turgeon program are presented below in Table 1. A drillhole location map showing the various mineralized zones and the entire results of the program are available at www.pumaexploration.com

Table 1 : Significant drill results at Turgeon.


---------------------------------------------------------------------------
Hole                    From        To    Length       Ag       Cu       Zn
#                        (m)       (m)       (m)      ppm        %        %
---------------------------------------------------------------------------
---------------------------------------------------------------------------
FT13-01                 4.30    144.10    139.80      0.4     0.03     0.23
including               4.30      8.20      3.90      1.6     0.08     1.56
including              89.15     92.80      3.65      3.1     0.25     0.57
---------------------------------------------------------------------------
FT13-08                67.80    120.90     53.10      0.3     0.04     0.13
---------------------------------------------------------------------------
FT13-10                 8.30     60.40     52.10      0.2     0.02     0.20
---------------------------------------------------------------------------
FT13-12                 4.00    165.00    161.00      0.2     0.03     0.13
including              61.35     65.35      4.00      0.5     0.21     0.56
including             141.20    144.60      3.40      0.2     0.08     1.40
---------------------------------------------------------------------------
FT13-13                 3.00    172.50    169.50      0.3     0.05     0.12
including              37.40     41.80      4.40      4.0     0.52     0.66
including             151.00    155.00      4.00      0.6     1.01     0.79
---------------------------------------------------------------------------
FT13-15                 9.50    124.40    114.90      0.2     0.04     0.10
---------------------------------------------------------------------------

Marcel Robillard, President of Puma Exploration, commented : "The discovery of the new VMS system within several hundred meters of the main known deposits at Turgeon is considered to strongly validate our strategy at Turgeon and suggests there is potential for the discovery of additional zones within the 3 km long favourable geological corridor defined by the current program.

Commenting further on Puma's exploration in New Brunswick, Mr. Robillard added : "We are truly fortunate to have developed two outstanding properties in the Bathurst area. Puma's technical team is currently planning a 2014 work program for Turgeon to follow up and develop additional near-surface VMS style mineralization. The Turgeon property is located within a few kilometers of a deep water port and an Xstrata smelter which provide an unparalleled infrastructure advantage compared to similar projects around the world. Additionally, our large Nicholas-Denys copper-moly-silver porphyry and skarn project located nearby is also generating positive results. We currently await assay results from our recent drill program conducted in March and early April 2014 and which targeted specific geophysical anomalies within the main porphyry intrusion. The drill program on the porphyry was temporarily suspended due to spring melting conditions and will resume as soon as ground conditions are suitable."

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 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
Palerra, the cloud security automation company, announced enhanced support for Amazon AWS, allowing IT security and DevOps teams to automate activity and configuration monitoring, anomaly detection, and orchestrated remediation, thereby meeting compliance mandates within complex infrastructure deployments. "Monitoring and threat detection for AWS is a non-trivial task. While Amazon's flexible environment facilitates successful DevOps implementations, it adds another layer, which can become a ...
The speed of software changes in growing and large scale rapid-paced DevOps environments presents a challenge for continuous testing. Many organizations struggle to get this right. Practices that work for small scale continuous testing may not be sufficient as the requirements grow. In his session at DevOps Summit, Marc Hornbeek, Sr. Solutions Architect of DevOps continuous test solutions at Spirent Communications, explained the best practices of continuous testing at high scale, which is rele...
"We got started as search consultants. On the services side of the business we have help organizations save time and save money when they hit issues that everyone more or less hits when their data grows," noted Otis Gospodnetić, Founder of Sematext, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Opening Keynote at 16th Cloud Expo, S...
With SaaS use rampant across organizations, how can IT departments track company data and maintain security? More and more departments are commissioning their own solutions and bypassing IT. A cloud environment is amorphous and powerful, allowing you to set up solutions for all of your user needs: document sharing and collaboration, mobile access, e-mail, even industry-specific applications. In his session at 16th Cloud Expo, Shawn Mills, President and a founder of Green House Data, discussed h...
Delphix, the market leader in Data as a Service (DaaS), has been announced winner of the DevOps Solution Award at the prestigious Computing Vendor Excellence Awards in London. The awards celebrate the achievements of the technology vendors and service providers that are leading the field of enterprise IT. Delphix was recognised as the vendor demonstrating the most effective support of DevOps culture for its ability to improve time to market and collaboration between teams.
"Our biggest growth area has been the security services, the managed services - the things that differentiate us in the market that there is no client that's too small and there's no client that's too big," explained Paul Mazzucco, Chief Security Officer at TierPoint, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
The Cloud industry has moved from being more than just being able to provide infrastructure and management services on the Cloud. Enter a new era of Cloud computing where monetization’s services through the Cloud are an essential piece of strategy to feed your organizations bottom-line, your revenue and Profitability. In their session at 16th Cloud Expo, Ermanno Bonifazi, CEO & Founder of Solgenia, and Ian Khan, Global Strategic Positioning & Brand Manager at Solgenia, discussed how to easily o...
"We've just seen a huge influx of new partners coming into our ecosystem, and partners building unique offerings on top of our API set," explained Seth Bostock, Chief Executive Officer at IndependenceIT, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Arch...
Sysdig has announced two significant milestones in its mission to bring infrastructure and application monitoring to the world of containers and microservices: a $10.7 million Series A funding led by Accel and Bain Capital Ventures (BCV); and the general availability of Sysdig Cloud, the first monitoring, alerting, and troubleshooting platform specializing in container visibility, which is already used by more than 30 enterprise customers. The funding will be used to drive adoption of Sysdig Clo...
"We do data integration for B2B also application to application, and we do data management and enable Big Data," explained Pat Adamiak, Vice President, Product Marketing at Liaison Technologies, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of pro...
"We specialize in testing. DevOps is all about continuous delivery and accelerating the delivery pipeline and there is no continuous delivery without testing," noted Marc Hornbeek, Sr. Solutions Architect at Spirent Communications, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.