Puma Exploration Inc.
TSX VENTURE : PUM

Puma Exploration Inc.

November 18, 2009 12:33 ET

Puma Targets the High-Grade Copper Zone at Turgeon

RIMOUSKI, QUEBEC--(Marketwire - Nov. 18, 2009) - Exploration Puma (TSX VENTURE:PUM) is pleased to announce the latest results from its drilling campaign on the Turgeon property in New Brunswick. The last three drillholes show the presence of two distinct zones, one copper and the other copper-zinc. The last two holes will now enable Puma to concentrate all of its future drilling on the high-grade copper zone, which had given values of 1.5 % copper over a thickness of 63 metres (drillhole F09-01).

Drillhole F09-02 intersected five zones of massive to semi-massive sulphides from 39 to 106 metres at depth, with length ranging from 2.3 to 8.6 metres. Drillhole F09-03 has confirmed the continuity of the mineralization up to the surface. The massive to semi-massive mineralization consists mainly of pyrite, pyrrhotite, chalcopyrite, and sphalerite.

Of the 99 samples collected, 22 samples grade above 1 %, including one sample of 10.95 % Cu over 0.30 metres and one sample of 5.4 % Cu over 1.10 metres in drillhole F09-02.



F09-02 (Azimuth N 075 degrees E, angle 70 degrees, length 198 metres)
Intersections of massive and semi-massive sulphide mineralization

From (m) To (m) Length (m) Cu (%) Zn (%)

3 10,1 7,1 0,06 1,16
29 33 4 2,35 0,25
29,6 30,7 1,1 5,38 0,3
49,9 58,5 8,6 0,97 1,05
62,4 70,3 7,9 0,72 0,55
70,8 73,2 2,4 1,0 0,11
77,9 85,1 7,2 1,4 0,09
103 105,3 2,3 2,16 0,12
104,5 104,8 0,3 10,95 0,3


F09-03 (Azimuth N 255 degrees E, angle 50 degrees, length 60 metres)
Intersections of massive and semi-massive sulphide mineralization

From (m) To (m) Length (m) Cu (%) Zn (%)

11 13 2 0,14 1,25
21 28,4 8,4 1,05 0,36


If we compare the first drillhole (F09-01, Press Release of Oct. 20, 2009), the copper mineralization is more uniform in the stockwork zones in that hole than in the massive and semi-massive sulphide zones in the two other holes (F09-02 and F09-03). This allows the deposit's metalliferous zoning to be confirmed.



F09-01 (Azimuth N 075 degrees E, angle 50 degrees, length 177 metres)
Mineralized stockwork intersections (sulphide veins and veinlets)

From (m) To (m) Length (m) Cu (%) Zones

37,3 160 122 0,8 A and B
37,3 134,5 97 1 A and B
46,3 109 63 1,5 A and B


Zone A Zone B
From (m) To (m) Length (m) Cu (%) From (m) To (m) Length (m) Cu (%)

46,3 76,3 30 1,87 85 103 18 1,82
46,3 52,7 6,4 2,68 85 87 2 2,7
53 61 8 2,04 92,3 103 10,7 2,35
67 69 2 2,17 107 109 2 1,86
71 76 5 2,3


In light of these results, and with a view to undertaking a resource calculation focussing on the copper values, a preliminary metallurgical test will be carried out on the mineralization intersected in the drillholes to assess the metallurgical compatibility of the ore in the Turgeon deposit. In addition, Puma foresees further drilling to better define the copper-rich zones indicated by 3-D modelling of the deposit.

About Turgeon

The Turgeon deposit is located only 20 kilometres north of the Nicholas-Denys property, and 5 km south of the deepwater port of Belledune. The property is accessible by road all year round, and is crossed by a power line.

In 1983, Esso Minerals used the results from drilling carried out over a fifty-year period to estimate an historic resource of 1,5 to 2,0 million tonnes of 1,5% Cu and 4% Zn. This mineral-resource estimate was carried out before the establishment of the NI43-101 standard. It is presented for information purposes only, to illustrate the scope of the mineralization.

The samples were analyzed at the ALS Chemex laboratory in Val d'Or using the atomic absorption and ICP methods. The contents of this press release were prepared by Alain Hupe, Eng., a Qualified Person as defined in NI 43-101. The TSX Venture Stock Exchange disclaims any responsibility for the veracity and accuracy of this release.

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