Puma Exploration Samples 15.1% Zn, 2.6 g/t Au and 0.55% Cu on the Red Brook Skarn
RIMOUSKI, QUÉBEC--(Marketwired - Sept. 22, 2016) - Puma Exploration (TSX VENTURE:PUM)(SSE:PUMA) has completed the first phase of exploration on its new Red Brook property in New Brunswick. The program, consisting of prospecting, trenching, stripping and channel sampling, significantly expanded the size of the original discovery and revealed three (3) new massive sulphide-rich skarn zones along strike with grab samples grading up-to 15.1% Zn, 2.6 g/t Au and 0.55% Cu.
Puma's geologists have now prospected the entire claim bloc and have increased the size of the initial discovery zone from the original 5 by 15 meters to 50 by 50 fully striped meters. Rocks exposed in this zone (Zone A) consist of skarn, limestone and hornfels in contact with a Devonian porphyric granodiorite. A total of 50 grab samples were collected from the excavated area and show distinct metal zonation, including high grade zinc and gold within a significant copper background. The sulphide zone is composed by sphalerite, chalcopyrite, pyrite and pyrrhotite with the highest zinc values grading 15.1% Zn, 12.0% Zn, 8.7% Zn and 8.2% Zn and the highest gold values grading 2.6 g/t Au, 1.6 g/t Au and 0.95 g/t Au. The average copper content for the 50 samples in Zone A is 0.27% Cu.
Table 1: Selected Grab samples collected from Zone A of the Red Brook Property
|#||Nad83 z19||Nad83 z19||g/t||g/t||%||%|
Following the stripping of Zone A, containing mineralization that still open in all direction, exploration trenches discovered a major massive sulfide zone located 350 meters south of Zone A along the skarn horizon. This new zone has been partially stripped with three 15 by 15 meter pits spaced over a length of 100 meters. These pits expose massive to semi-massive sulphides in skarn. The zone is open in all directions.
A total of 24 grab samples were collected from the new mineralized zone (Zone B) with results grading up to 0.48% Cu and 0.33 g/t Au. The average copper content of the 24 samples collected is 0.22% Cu. The geology is similar than in Zone A showing skarn and limestone in contact with a Devonian intrusive.
Table 2: Selected Grab samples collected from Zone B of the Red Brook Property
|#||NAD83 Z19||NAD83 Z19||g/t||g/t||%|
Following the stripping of these four (4) new mineralized zones, a channel sampling program was designed to verify the metal zonation and the grade of the massive sulphide area of the stripped areas. A total of 64.3 meters of channel sampling has been collected distributed in 119 individual samples. Results are pending.
About Red Brook Property
The Red Brook project comprises 23 claims totaling 500 hectares located 50 km west of Nicholas-Denys Project. The property was acquired from a local prospector in 2016 following the discovery of a high grade Zinc zone contained in massive sulfides. This mineralized zone is located at the contact of an intrusive body in a folded limestone horizon which is part of the Popelogan Terrane.
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 Turgeon Zinc-Copper Project and the Nicholas-Denys Project in New Brunswick and their equity interest in BWR as related to the Little Stull Lake Gold Project in Manitoba. Puma is focusing 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, PGeo. 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.