Puma Exploration Inc.

Puma Exploration Inc.

September 02, 2009 10:45 ET

Puma Exploration: Drilling Starts at Turgeon in New Brunswick

RIMOUSKI, QUEBEC--(Marketwire - Sept. 2, 2009) - Puma Exploration (TSX VENTURE:PUM) has started drilling on the Turgeon property in New Brunswick with the goal of performing a resource calculation compliant with Standard 43-101.

The objective of the first of five holes is to characterize metal zoning and better define the metallogenic model. The hole, about 200 metres long, will be oriented so that it passes through two consecutive mineralized zones and verifies the extent of mineralization in this direction.

Compilation and sampling of earlier drill holes will also be performed in order to identify all mineralized zones and prepare a resource calculation that complies with Standard 43-101.

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.

Since work started in 1958, 132 holes have been drilled on the deposit for a total drill advance of more than 26,630 metres. In 1983, Esso Minerals used the drilling results to estimate an historic resource of 1.5 to 2.0 million tonnes grading 1.5% Cu and 4% Zn. These mineral resource estimates were carried out before Standard NI 43-101 was put in place, and it is not certain that Puma's work will confirm the historic resources. They are presented for information purposes, to illustrate the scope of the mineralization.

The deposit consists of four lenses of rich zinc-copper mineralization, two of which are exposed on surface. By way of example, drill intersections with 12.4% Zn and 1.8% Cu over 8.7 metres, and 10.7% Zn and 0.7% Cu over 10.1 metres have been encountered in one of the zinc-rich lenses. Spectacular copper intersections are also found, e.g., boreholes E82-77 with 2.5% Cu over 34.1 metres, E82-54 with 2.7% Cu over 36.2 metres, and E82-46 with 7.9% Cu over 7.5 metres.

The contents of this press release were prepared by Alain Hupe eng., a Qualified Person as defined in NI 43-101. 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."

Contact Information