Puma drills 68 m of 1.02% Cu at Turgeon

2010-11-24 07:49 MT - News Release

Mr. Marcel Robillard reports

PUMA INTERSECTS 68.0 METRES OF 1.02% COPPER AT TURGEON

Puma Exploration Inc. has released the results from the first hole drilled in 2010, at the Turgeon copper project in New Brunswick. The hole T10-01 intersected three mineralized copper zones from which the first two grade more than 1 per cent copper over 68.0 metres and 20.3 metres respectively. The third zone is characterized by disseminated copper mineralization grading 0.24 per cent Cu over 23.6 metres.

                MAIN MINERALIZED ZONES INTERSECTED IN HOLE T10-01


                                       Length
Zone          From (m)      To (m)     (m)(i)     Cu (%)    Zn (%)  Ag (g/t)

A                29.0        97.0        68.0      1.02      0.14       0.8
Incl.            38.0        64.0        26.0      2.44      0.07       1.3
                152.8       155.4         2.6      0.81      2.64      41.4
B               161.8       182.0        20.3      1.04      2.43       8.9
Incl.           161.8       163.9         2.2      1.15      8.72      31.1
and             168.6       174.0         5.4      2.30      4.92      10.2
                201.2       204.7         3.5      1.58      0.19       1.6
C               223.6       247.2        23.6      0.24      0.05       0.4
                303.8       307.5         3.7      1.00      0.09       1.8
                486.9       488.7         1.8      0.03      0.61      49.0

Zone A (29 to 97 metres)

The zone corresponds to the power line showing which outcropping at surface. The mineralization comes in form of thick chalcopyrite stockwork. The core of the mineralized zone is characterized by a significant copper enrichment grading 2.44 per cent Cu over 26 metres.

Zone B (161 to 182 m)

The zone corresponds to the 100-metre zinc zone defined by Esso Minerals exploration works. It is consisted of several massives sulphide intervals varying from two to five metres spaced out by disseminated copper mineralization. Including the copper mineralization of more than 1 per cent Cu over 20.3 metres, this zone contains a zinc enrichment grading 2.4 per cent Zn over 20.3 metres, as well as precious metals enrichment.

Zone C (223 to 247 metres)

This zone corresponds to the 48 to 49 zone defined by Esso Minerals. The previous holes E82-48 and E82-49 by Esso had intersected this zone at about 75 metres east of hole T10-01 with 2.1 per cent Cu over 24.2 metres and 2.1 per cent Cu over 19.1 metres. In hole T10-01, the mineralization comes in form of disseminated copper grading 0.24 per cent Cu over 23.6 metres. The interpretation of the borehole geophysical survey done in hole T10-01 should allow to specify relation between the zone cut and the ones in the previous drilling.

Precious metals

Besides intercepting copper and zinc mineralization, hole T10 confirms silver enrichment of some massives sulphide veins. Silver intersections grading more than one ounce, such as 41.4 g/t Ag over 2.6 metres and 31.1 g/t Ag over 2.2 metres have been cut for the first time in drilling. It is to note that the majority of the previous holes were not analyzed for precious metals.

The hole reached the depth planned of 594 metres, and at 303.8 metres, the hole cut a mineralized fault zone grading 1 per cent Cu over 3.7 metres. Further to this fault zone, the hole got into an important sequence of mafic dikes crosscutting almost entirely the host rock of the mineralization.

In the light of the results of hole T10-01, the drilling program will resume immediately after the final interpretation of the geophysical survey. Exploration works should start at the beginning of December, 2010.

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