Puma Exploration Inc.
TSX VENTURE : PUM

Puma Exploration Inc.

February 06, 2012 11:35 ET

Puma Samples 5 g/t Gold, 267 g/t Ag, 5.3% Lead and 1.1% Zinc Over 2 Meters at Henry East Lens, New Brunswick

RIMOUSKI, QUEBEC--(Marketwire - Feb. 6, 2012) - Puma Exploration (TSX VENTURE:PUM) announces the results of the Henry East Lens preliminary channel sampling program at Nicholas-Denys, New Brunswick. In channel NS1, located in trench T11-29, a sample with 5 g/t Au, 267 g/t Ag, 5.3% Pb and 1.1% Zn over 2.0 meters was recovered. Two (2) other samples with 3.6 g/t Au and 716 g/t Ag over 2.2 meters and 2.0 g/t Au and 130 g/t Ag over 2.2 meters were also collected in that trench.

Table 1. Channel Samples Results at Henry East Lens

Channel From To Length Au Ag Pb Zn
# m m m g/t g/t % %
NS1 0.0 2.0 2.0 5.0 267 5.3 1.1
NS2 0.0 2.2 2.2 2.0 130 1.9 0.6
EW1 0.0 2.2 2.2 3.6 716 11.3 1.8

The Henry East Lens outcrops on surface as a semi-massive to massive sulphide zone varying in thickness from 0.5 meters to 5 meters. The continuity of the mineralization has been proven by nine (9) different trenches, with a spacing of 25 to75 meters over a strike length of 500 meters (press release 10/11/2011). Due to winter conditions, only a limited part of trench T11-29 was accessible for channel sampling.

The Henry East Lens is closely related with the main Rocky-Brook-Millstream fault which also controls the mineralisation for the Haché, Shaft and Pinetree lenses. All these mineralised lenses carry significant gold and silver enrichment and the current channel sample results are similar with those collected previously on the Haché lens.

Table 2. Selected Channel Samples Results at Haché Lens

Channels From To Length Au Ag Pb Zn
m m m g/t g/t % %
R07-11 15.5 22 6.5 0.27 112 2.0 1.7
including 17.75 20.75 3.0 0.37 206 3.6 3.3
R07-12 8.9 10.1 1.2 0.40 197 0.7 0.3
R07-13 0 3.2 3.2 3.05 1331 8.0 3.3
R07-14 16.1 20.1 4.0 0.83 121 0.9 0.7
including 17.4 19 1.6 1.07 192 1.2 1.0
R07-15 0 9.2 9.2 0.82 179 0.7 0.7
including 2.5 5.5 3.0 1.46 282 1.2 1.0
R07-16 18.4 34.4 16.0 0.68 233 0.9 1.3
including 18.4 20.6 2.2 2.7 1134 3.7 6.2
R07-17 0.65 8.25 7.6 1.58 596 3.3 4.3
including 4.2 7.7 3.5 2.94 1263 7.0 8.8
R07-18 15.7 23.4 7.7 0.84 143 0.6 0.3
including 16.7 21 4.3 1.19 217 1.1 0.2
including 16.7 18.8 2.1 2.02 372 1.9 0.2
R07-19 6.35 23.7 17.4 0.77 181 1.0 1.6
including 12.35 24.1 11.8 0.94 218 1.3 2.1
including 17.1 22 4.9 1.31 265 1.0 2.0
R07-20 13.35 28.3 15.0 1.11 192 1.2 1.2
including 13.85 20.25 6.4 1.39 401 2.5 2.3
R07-21 4.15 15.75 11.6 1.20 226 1.0 0.7
including 4.85 8.3 3.5 2.38 594 2.7 1.7
R07-22 13.1 15.25 2.2 1.00 87 0.2 0.2
R07-25 2.8 6.2 3.4 1.09 169 0.5 0.7
including 2.8 3.8 1.0 2.17 295 0.6 2.2

At the Haché lens, the channel sample results were consistent with the subsequent drilling results. The gold and silver enrichment related with the Rocky-Brook-Millstream Main fault has been confirmed by most of the drilling completed by Puma between 2006 to 2008 and highlights are tabulated in Table 3 below.

Table 3. Selected Drill Hole Results from the Haché Lens showing gold and silver enrichment

Hole Direction Dip From To Length Au Ag Pb Zn
° ° (m) (m) (m) (g/t) (g/t) (%) (%)
F06-01 N160 -45 40.0 52.7 12.7 1.1 257 1.1 2.4
including 46.2 52.1 6.0 1.9 477 2.1 3.6
F07-03 N160 -45 19.0 28.5 9.5 1.1 141 0.7 1.1
including 19.0 20.6 1.6 3.3 581 3.0 4.6
F07-04 N160 -45 47.6 51.8 4.2 1.2 262 2.4 2.1
F07-15 N160 -45 70.9 100.0 29.1 1.2 225 1.1 2.0
including 70.9 79.3 8.4 3.8 720 3.5 5.3
including 70.9 75.7 4.8 5.6 1096 5.3 7.7
F07-16 N160 -45 46.0 56.0 10.0 1.3 230 2.8 3.6
F07-16 61.5 69.6 8.2 1.1 160 0.7 0.7
F07-18 N160 -45 27.2 33.0 5.8 1.6 192 1.5 5.7
F07-25 N160 -45 62.7 65.8 3.1 1.1 494 5.5 2.8
F07-27 N160 -45 57.8 67.9 10.1 1.0 265 1.8 2.3
including 57.8 61.5 3.7 2.0 448 2.5 2.9
F07-30 N160 -45 6.7 11.0 4.3 1.2 269 1.0 2.0
F07-31 N340 -45 21.9 33.7 11.9 1.2 247 1.2 1.5
including 26.1 30.7 4.6 2.1 503 2.2 3.0
F07-32 N340 -45 27.2 32.5 5.3 1.0 540 2.7 3.3
F07-33 N340 -45 6.8 11.9 5.1 1.9 375 1.4 3.3
F08-06 N160 -45 158.0 161.3 3.3 3.2 373 1.0 1.1
F08-35 N160 -45 25.0 26.0 1.0 3.5 211 0.7 0.5

The stripping and channeling program on Henry East Lens will resume as soon as the field condition allows the team to access the site. The 2011 exploration results indicated that the Nicholas-Denys property contains a significant silver-gold mineralization system that is open for extension. The area explored to date represents only 20% of the total length of the favourable corridor which extends over more than 10 km. The discovery of new silver-gold structures and lenses along the Rocky-Brook-Millstream Fault and the northern second main fault represent a key step toward the definition of an economic deposit.

About Nicholas-Denys

The Nicholas-Denys property is located only 20 kilometers north of Bathurst and is part of the Bathurst Mining Camp of northern New Brunswick. The property is accessible by road all year round and is intersected by a power line. The Nicholas-Denys property is 6,750 hectares and is part of Puma's 10,476 hectare holdings in New Brunswick.

About Puma Exploration

Puma Exploration is a Canadian mineral exploration company with advanced projects in precious and base metals in Canada. The Company's major projects are the Nicholas-Denys Silver Project and Turgeon Copper Project in New Brunswick and the Little Stull Lake Gold Project in Manitoba. Puma is actually focusing its exploration efforts in New Brunswick, Canada, which is a resource rich area with stable government policies that offer certainty and reduce the risk for long-term projects. New players as Trevali Mining corporation who had commenced initial production at Halfmile Mine and Votorantim which is developing the Murray Brook Deposit are now very active in the area.

Learn more by clicking here: www.pumaexploration.com

And visit our media page at: www.pumaexploration.blogspot.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.

A map is available at the following address: http://media3.marketwire.com/docs/ChannelHenryEast.JPG

Contact Information