Puma Exploration Inc.

Puma Exploration Inc.

December 17, 2013 14:12 ET

Puma Exploration samples 6.5% Copper at Turgeon Cu-Zn Project in New Brunswick

RIMOUSKI, QUÉBEC--(Marketwired - Dec. 17, 2013) - Puma Exploration (TSX VENTURE:PUM) is pleased to announce trench sampling results from the Turgeon Cu-Zn Project in New Brunswick, Canada including a grab sample grading 6.5% Copper and 9.2 g/t Ag. The Turgeon East zone was identified in 2012, by prospecting a CARDS target defined by Diagnos, with the discovery of grab samples grading up to 6.92% approximately 4.0 kilometers south of the Powerline Cu-Zn Deposit (See Press Release 2013-02-26). A follow-up trenching and stripping program was recently undertaken to define the size and shape of last year's Turgeon East discovery.

The recent stripping program uncovered a quartz vein ranging from 2 to 6 meters wide over a 60-meter strike length containing chalcopyrite and pyrite in a silicified gabbro. Seventeen (17) selected samples were collected along the vein at a regular interval of 5 meters and displayed good high grade copper continuity over 60 meters with 11 of the collected samples grading more than 1% Copper. The zone is open at both directions along strike and additional work is scheduled for the summer of 2014 in order to expand and explore the Turgeon East discovery.

Table 1: Selected grab samples collected in the Turgeon East Trench

Sample No Cu (%) Ag (g/t)
M045918 6.5 4.4
M045908 5.8 9.2
M045917 3.8 2.7
M045924 3.5 7.2
M045914 3.3 2.8
M045913 2.5 1.6
M045922 2.0 4.4
M045920 1.9 5.1
M045909 1.5 1.7
M045919 1.4 2.1
M045916 1.1 2.1
M045912 0.8 1.1
M045915 0.5 1.2
M045910 0.5 1.1

Samples sorted by Copper Grade

The new Turgeon East copper showing is located within the Fournier Group which also hosts the Powerline Cu-Zn Deposit. The Powerline Cu-Zn Deposit showed significant copper and zinc mineralization in drillhole FT09-01 grading 1.17% Cu and 0.06% Zn over 93.2 meters and in drillhole FT10-02 grading 1.13% Cu and 0.71% Zn over 108.5 meters (see Press Release 21-02-2013).

''The discovery of a new Copper showing at Turgeon East in the same geological setting and only 4 kilometers away from the Powerline Cu-Zn Deposit is very encouraging for finding more Cu-Zn satellite deposits related to the same VMS system and we are very excited to launch a new drilling program at Turgeon", notes Marcel Robillard, President of Puma Exploration.

Puma also announces that it has just started a 12-hole, 1,500 m drill program within 1 km of the Powerline Cu-Zn Deposit. The drill targets were defined by IP, EM and Mag geophysical surveys and are based on a new geological model. The objective of the current drilling program is to discover new deposits near surface similar to already defined at Turgeon.

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 and Turgeon Projects in New Brunswick and the Little Stull Lake Gold Project in Manitoba. Puma is focusing its exploration efforts in New Brunswick, Canada, which has been ranked fourth in the world to conduct mining exploration by the 2013 Fraser Institute Survey.

Learn more by clicking here: www.pumaexploration.com

The contents of this press release were prepared by Dominique Gagné. 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.

Contact Information