Puma Exploration Inc.

Puma Exploration Inc.

October 07, 2010 09:16 ET

Puma Exploration Inc.: Deep Drilling at the Turgeon Copper Project

RIMOUSKI, QUEBEC--(Marketwire - Oct. 7, 2010) - Puma Exploration (TSX VENTURE:PUM) is pleased to announce the start of exploration activities on the Turgeon Copper Project, located only 25 kilometres northwest of Bathurst, New Brunswick.

The program consists of the drilling of a first 600-metre drillhole, the deepest so far on this project, to confirm the extension of mineralization at depth, the continuity of the mineralized zones, and to investigate the relationships between the various types of mineralization. More drilling will be conducted after geophysical surveys.

Previous drilling campaigns by Esso Minerals in 1979-82 and by Puma in 2008-09 have so far intersected three kinds of mineralization. These comprise copper-rich stockwork zones, massive sulphide zones with high copper-zinc values, and zinc-rich brecciated fault zones.

Copper stockwork zone  
Hole Azimuth Dip From (m ) To (m ) Length (m ) Cu (% ) Zn (% )
E81-39 N255 -63 74.0   101.3   27.3   2.14%   0.05%  
E82-46 N255 -45 127.5   143.3   15.8   4.03%   0.24%  
E82-54 N255 -57 55.5   72.7   17.2   4.39%      
E82-60 N255 -43 202.4   211.6   9.2   4.00%      
E82-77 N255 -58 31.2   65.4   34.2   2.22%      
F08-01 N255 -50 31.0   62.0   31.0   2,40%   0,10%  
Copper-zinc-rich massive sulphide zone          
Hole Azimuth Dip From (m ) To (m ) Length (m ) Cu (% ) Zn (% )
E79-21 N160 -45 37.7   54.5   16.8   1.59%   3.87%  
E79-27 N160 -45 84.9   110.0   25.1   1.14%   4.74%  
E82-48 N255 -45 168.7   192.9   24.2   2.11%   2.15%  
E82-89 N255 -57 220.0   232.6   12.6   2.01%   3.68%  
F08-03 N255 -60 50.0   90.0   40.0   1,00%   2,90%  
Zinc-rich brecciated fault zone          
Hole Azimuth Dip From (m ) To (m ) Length   Cu (% ) Zn (% )
E81-43 N140 -51 8.6   11.4   2.8   2.53%   14.45%  
E82-56 N255 -45 96.25   103.5   7.25   0.67   14.43%  
E82-60 N255 -43 137.9   140.4   2.5   1.65%   12.17%  
E82-61A N255 -46 139.6   147.9   8.3   0.94%   8.13%  
E82-80 N075 -60 106.4   114.9   8.5   1.77%   12.40%  

The Turgeon copper deposit consists so far of four mineralized lenses with high copper-zinc values, distributed over a length of 450 metres; two of these lenses outcrop on surface. Only one hole has reached a vertical depth of 400 metres. The known mineralized zones have thus not been tested to depth or laterally within the favourable horizons. Also, a number of untested surface geophysical anomalies that are located within the Turgeon area are drill-ready targets.

To better define the extent of the current zones and to discover new ones, a borehole and surface electromagnetic geophysical survey will be carried out as soon as the first drillhole is completed. The surface survey will provide a maximum depth of investigation of 500 metres below the surface and the borehole survey will investigate a radius of 200 metres around the hole. Following the interpretation of the geophysical surveys a second drilling campaign will be undertaken to test the priority targets identified by the current work and by previous works.

About Turgeon

The Turgeon property is located only 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. Puma has an option to obtain 100% of the rights on the property, and has itself staked two new blocks of claims covering a total area of 1,450 hectares.

About Puma Exploration

Puma Exploration is a Canadian mineral exploration company with advanced projects in precious and other metals in Canada. Puma's primary objective is to define enough copper-zinc resources in the Turgeon Project to justify the development of a mine. The Company's other major projects are the Nicholas-Denys Silver Project in New Brunswick, and the Little Stull Lake gold project in Manitoba.

Details of the Puma Projects are available at www.explorationpuma.com

The contents of this press release were prepared by Marcel Robillard, 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."

This press release may contain certain forward-looking statements that include elements of risk and uncertainty. Consequently, actual results may differ substantially from those anticipated in such statements. These risks and uncertainties are described in the quarterly and annual reports, and in the documents submitted to the securities administration.

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