RIMOUSKI, QUEBEC -- (Marketwired) -- 08/12/13 -- Puma Exploration (TSX VENTURE: PUM) reports progress on drilling operation at Nicholas-Denys Property. Drill hole FND13-02 was drilled to 1,290 meters to test a surface soil Cu-Mo anomalies and an high mag geophysical anomaly at depth. Visual alteration and mineralization was encountered trough the entire hole with more intense fracturation and sulphide veinlets from surface to 100m and then from 300m to 850 meters.
Following the second hole, Puma decided to increase its planned drilling program to include two more drill holes in the vinicity of hole FND13-02. Hole FND13-03 is collared at the same location than hole FND13-02 but in north-west direction to define the fracturation patern in the center of the low mag area of the porphyry. The fourth hole is designed as a step out hole 200 meters north of hole FND13-02.
1,542 samples were collected over the entire hole FND13-02 and are being analysed for base, precious and speciality metals. Alteration study is also in progress to qualify and quantify the alteration encountered through the entire hole and from previous puma's holes. Following the drilling operation, borehole geophysical survey will be conducted in the six deep holes drilled in the pluton since 2012.
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 Project and Turgeon Copper Project 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
Illustrated Press Release and complete presentation of current program are available on the web site.
The contents of this press release were prepared by Dominique Gagne. 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.
Marcel Robillard, President
Toll free: (800) 321-8564
Most Popular Stories
- Dmytro Firtash, Ukrainian Billionaire, Arrested in Vienna
- Obama, Ukraine Discuss Russian Incursion in Crimea
- Koch Brothers Step up Anti-Obamacare Campaign
- FDIC Sues Big Banks Over Rate Manipulation
- Obama's Overtime Initiative Praised, Condemned
- Liberty Media Drops Sirius Bid
- Republicans Warn Obama on Immigration
- West Readies Harsh Sanctions Against Russia
- Calumet Photo Files for Bankruptcy
- Uli Hoeness, Bayern Munich President, Gets Prison for Tax Evasion