Click here to close now.

SYS-CON MEDIA Authors: Aria Blog, Pat Romanski, Elizabeth White, Peter Silva, Glenn Rossman

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
“We just completed the roll out of our first public and private cloud offerings, which are a combination of public, hybrid, and private cloud,” stated Erik Levitt, CEO of Open Data Centers, in this SYS-CON.tv interview at the 14th International Cloud Expo®, held June 10-12, 2014, at the Javits Center in New York City. Cloud Expo® 2014 Silicon Valley, November 4–6, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the...
The Internet of Things (IoT) is causing data centers to become radically decentralized and atomized within a new paradigm known as “fog computing.” To support IoT applications, such as connected cars and smart grids, data centers' core functions will be decentralized out to the network's edges and endpoints (aka “fogs”). As this trend takes hold, Big Data analytics platforms will focus on high-volume log analysis (aka “logs”) and rely heavily on cognitive-computing algorithms (aka “cogs”) to mak...
SYS-CON Events announced today that Vitria Technology, Inc. will exhibit at SYS-CON’s @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Vitria will showcase the company’s new IoT Analytics Platform through live demonstrations at booth #330. Vitria’s IoT Analytics Platform, fully integrated and powered by an operational intelligence engine, enables customers to rapidly build and operationalize advanced analytics to deliver timely business outcomes ...
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities. In his session at @ThingsExpo, Gary Hall, Chief Technology Officer, Federal Defense at Cisco S...
DevOps is about increasing efficiency, but nothing is more inefficient than building the same application twice. However, this is a routine occurrence with enterprise applications that need both a rich desktop web interface and strong mobile support. With recent technological advances from Isomorphic Software and others, it is now feasible to create a rich desktop and tuned mobile experience with a single codebase, without compromising performance or usability.
The explosion of connected devices / sensors is creating an ever-expanding set of new and valuable data. In parallel the emerging capability of Big Data technologies to store, access, analyze, and react to this data is producing changes in business models under the umbrella of the Internet of Things (IoT). In particular within the Insurance industry, IoT appears positioned to enable deep changes by altering relationships between insurers, distributors, and the insured. In his session at @Things...
SYS-CON Events announced today that GENBAND, a leading developer of real time communications software solutions, has been named “Silver Sponsor” of SYS-CON's WebRTC Summit, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. The GENBAND team will be on hand to demonstrate their newest product, Kandy. Kandy is a communications Platform-as-a-Service (PaaS) that enables companies to seamlessly integrate more human communications into their Web and mobile applicatio...
VictorOps is making on-call suck less with the only collaborative alert management platform on the market. With easy on-call scheduling management, a real-time incident timeline that gives you contextual relevance around your alerts and powerful reporting features that make post-mortems more effective, VictorOps helps your IT/DevOps team solve problems faster.
Skeuomorphism usually means retaining existing design cues in something new that doesn’t actually need them. However, the concept of skeuomorphism can be thought of as relating more broadly to applying existing patterns to new technologies that, in fact, cry out for new approaches. In his session at DevOps Summit, Gordon Haff, Senior Cloud Strategy Marketing and Evangelism Manager at Red Hat, will discuss why containers should be paired with new architectural practices such as microservices ra...
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, will explain the best practices of continuous testing at high scale, which is r...
Companies today struggle to manage the types and volume of data their customers and employees generate and use every day. With billions of requests daily, operational consistency can be elusive. In his session at Big Data Expo, Dave McCrory, CTO at Basho Technologies, will explore how a distributed systems solution, such as NoSQL, can give organizations the consistency and availability necessary to succeed with on-demand data, offering high availability at massive scale.
From telemedicine to smart cars, digital homes and industrial monitoring, the explosive growth of IoT has created exciting new business opportunities for real time calls and messaging. In his session at @ThingsExpo, Ivelin Ivanov, CEO and Co-Founder of Telestax, shared some of the new revenue sources that IoT created for Restcomm – the open source telephony platform from Telestax. Ivelin Ivanov is a technology entrepreneur who founded Mobicents, an Open Source VoIP Platform, to help create, de...
The industrial software market has treated data with the mentality of “collect everything now, worry about how to use it later.” We now find ourselves buried in data, with the pervasive connectivity of the (Industrial) Internet of Things only piling on more numbers. There’s too much data and not enough information. In his session at @ThingsExpo, Bob Gates, Global Marketing Director, GE’s Intelligent Platforms business, to discuss how realizing the power of IoT, software developers are now focu...
SYS-CON Media announced that IBM, which offers the world’s deepest portfolio of technologies and expertise that are transforming the future of work, has launched ad campaigns on SYS-CON’s numerous online magazines such as Cloud Computing Journal, Virtualization Journal, SOA World Magazine, and IoT Journal. IBM’s campaigns focus on vendors in the technology marketplace, the future of testing, Big Data and analytics, and mobile platforms.
Security can create serious friction for DevOps processes. We've come up with an approach to alleviate the friction and provide security value to DevOps teams. In her session at DevOps Summit, Shannon Lietz, Senior Manager of DevSecOps at Intuit, will discuss how DevSecOps got started and how it has evolved. Shannon Lietz has over two decades of experience pursuing next generation security solutions. She is currently the DevSecOps Leader for Intuit where she is responsible for setting and driv...