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Puma Exploration Inc.
Summary
| Project: | Turgeon | |
|---|---|---|
| Deposit: | Dragon Zone | |
| Location: | Canada | |
| Commodities: | Silver-Lead-Zinc-Copper | |
| Date: | 9/14/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-9-2016: Puma Exploration Inc. announces an Exploration/Drilling Update report for its Dragon Zone deposit at the Turgeon project. Drilling results incl. 1.2m @ 146 g/t Ag, 2.8% Pb, 1.4% Zn. Rimouski, September 14th, 2016 – Puma Exploration (PUM-TSXV) h | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dominique Gagné (Internal) | |
| ABSTRACT: | Rimouski, September 14th, 2016 – Puma Exploration (PUM-TSXV) has completed its summer drilling program at Turgeon VMS project in Northern New Brunswick. The program included five (5) holes for a total of 2,569 meters. Three holes were directed to verify the IP geophysical targets located 500 meters south-west of the Dragon lens in an underexplored area of the favourable horizon and the two (2) others were drilled to define the extent and the size of the dragon zone. Hole FT16-03 extended the size of the Dragon lens with an intersection of a massive to semi-massive sulphide zone of 7 meters at 107.2 meters. This mineralized zone contains 1.4 meters with 1.6% Cu and 0.8% Zn and extended over 40 meters to the south, the size of the initial discovery of the Dragon zone in hole FT13-13 who intersected 1.01% Cu and 0.79% Zn over four (4) meters. Hole FT16-03 intersected at 147 meters, 20.5 meters of chalcopyrite-pyrite stockwork zone within pervasive black chlorite alteration grading respectively 6.4% Cu et 1.6% Cu over 0.5 meters in individual samples. This copper zone is interpreted to be part a major Cu stockwork associated with the Massive sulphide lens intersected at the Dragon grading 10.05% Zn over 2.7 meters, 4.4% Zn over 4.0 meters, 4.6% Zn et 1.04% Cu over 3.2 meters and 1.01% Cu over 4.0 meters in the 2015 drilling program. Also, at the end of the hole, polymetallic sulphide veins similar to the Nigadoo Veins type were encountered and showing rich Ag-Pb-Zn veins with respectively 146 g/t Ag, 2.8% Pb and 1.4% Zn over 1.2 meters and 39 g/t Ag, 0.48% Pb and 1.3% Zn over 1.1 meters. | |
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