Puma Extends the Murray Brook Deposit Southwest With a New Drill Intercept
Momentum Public Relations
Press Release: November 9, 2017
RIMOUSKI, QUEBEC–(Marketwired – Nov. 9, 2017) – Puma Exploration inc. (the “Company” or “Puma”) (TSX VENTURE:PUM)(SSE:PUMA) is pleased to announce the results of drillholes MB17-02 and MB17-03 from the 2017 drilling program at its Murray Brook Deposit in New Brunswick. Hole MB17-03 intersected the surface rich zinc and copper zone grading 6.60 Zn, 1.70 Pb, 0.53 g/t Au, 71 g/t Ag, 1.15 Cu over 10 meters and a new copper stringers zone grading 1.02 Cu over 26 meters.
The 2017 preliminary drilling program consisted of three (3) holes (774m), including one deep hole and two shallow, the first was designed to verify the extensions, at depth, of the Murray Brook Deposit. As released, Hole MB17-01 successfully intersected impressive massive sulphide mineralization over 405 meters grading 3.3 Zn, 1.1 Pb, 0.95g/t Au, 42g/t Ag, and 0.30 Cu (see press release of October 31st, 2017). The two shallow holes followed to confirm the continuity of the fertile Caribou Horizon near the known deposit.
Hole MB17-03 intersected a new zone of copper stringers near surface grading 1.02 Cu over 26 meters including a higher zone with 1.47 Cu over 13 meters. This new zone opens the western side of the Murray Brook Deposit along the favorable and fertile Caribou Horizon which shows over a length of one kilometer high priority targets (refer to Figure 1). Results from hole MB17-02 allowed to outline structural constraints and to orient future exploration work.
These priority targets are indicated by major gravity, chargeability and Megatem (EM) anomalies. In light of the results from these holes, Puma has started an important exploration program in the vicinity of the newly expanded southwest section of the Deposit which will include trenching and drilling operations.
Hole MB17-02
Hole MB17-02 was collared in the south part of the West Zone (Zinc) and drilled at a -45° declination for a total depth of 72 meters. A major fault with a width of 8 meters was intercepted and consisted mainly of quartz veins. The sediments in this hole were less altered with a few intervals of felsic volcanic interbedded. The best intersection was 0.42 g/t Au, 0.96 Pb+Zn over 2.7 meters located in the altered footwall sediments. However, hole MB17-02 does confirm previous exploration results and directs the upcoming exploration program to the more favourable Caribou Horizon located directly west of the hole.
Hole MB17-03
Hole MB17-03, drilled at a -50 declination to a total depth of 153 meters, is located at the western boundary of the West Zone (Zinc) of the Murray Brook Deposit (refer to figure 2). The hole encountered three (3) separate significant zones:
- a Gossan zone, 6 meters wide grading 0.96 g/t Au, 255 g/t Ag, 5.95 Pb;
- a massive sulphide zone of 10 meters width, having grades of 6.60 Zn, 1.70 Pb, 0.53 g/t Au, 71 g/t Ag, 1.15 Cu and;
- a stringer zone, 13 meters in width grading 1.47 Cu, 0.62 Zn.
The entire hole is located mainly inside the footwall alteration sediments of the Deposit and opens the mineralized zone westward at depth along the fertile Caribou Horizon. Please refer to Table 1 for highlights of the results.
Table 1. Significant Intercepts in Holes MB17-02 and MB17-03*
Drill Hole | From | To | Length | Au | Ag | Cu | Pb | Zn | Zone |
(m) | (m) | (m) | g/t | g/t | |||||
MB17-02 | 23.3 | 26.0 | 2.70 | 0.42 | 8 | 0.16 | 0.28 | 0.68 | Disseminated |
MB17-03 | 21.0 | 27 | 6.0 | 0.96 | 255 | – | 5.95 | – | Gossan |
27.0 | 37 | 10.0 | 0.53 | 71 | 1.15 | 1.70 | 6.60 | MS | |
56.0 | 82.0 | 26.0 | – | – | 1.02 | – | – | Stockwork | |
incl. | 56.0 | 69.0 | 13.0 | – | – | 1.47 | – | 0.62 | Stockwork |
* | True thickness is estimated to be approximately 70-90 of the reported intervals. |
As commented by Marcel Robillard, President of Puma: “The hole MB17-03 has significantly expanded and opened the discovery area of the Murray Brook Deposit toward west along the fertile Caribou Horizon. It allows us to further increase the footprint of the deposit closer to the surface and will focus current exploration efforts along the Caribou Horizon at proximity of the Murray Brook Deposit”.
Exploration Program
The next phase of the 2017 exploration program has begun on one (1) kilometer of prospective new area in the western part of the Murray Brook Deposit and will consist of trenching and drilling. Puma’s geologists have defined several new high priority targets based on their stratigraphic location and proximity to the Deposit. These targets are along the fertile Caribou Horizon, where an historic hole intersected 2.10 Cu over 1.9 meters near a major chargeability anomaly and two (2) gravity anomalies (see Figure 1 at the following address: http://media3.marketwire.com/docs/171109_PUM_Figures.pdf).
Qualified Persons and QC/AC
The content of this press release was prepared by Marcel Robillard, P.Geo., President and Dominique Gagné, P.Geo., Vice President Exploration, qualified persons as defined by NI 43-101, who supervised the preparation and technical information that forms the basis for this news release. 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. Mr. Robillard and Mr. Gagné are not independent of the Company, as both are officers and shareholders thereof. The samples were prepared, sent, processed at ALS Val D’Or, Québec and ALS Sudbury, Ontario. All samples were assayed by ME-ICP41 method and gold was assayed by AU-AA26 method. QA/QC are monitored by the analysis of blanks, reference material and replicate samples at a frequency of one (1) of each per 30 samples.
About the Murray Brook Project
The Murray Brook Project consists of three (3) distinct contiguous areas that cover more than 18 kilometers of the favorable rocks that host the operating Caribou Mine (Trevali Mining Corp.), the Murray Brook Deposit and the past operating Restigouche Mine (Trevali Mining Corp.). From east to west, the project comprises the Murray Brook East Property (4925), the Murray Brook Mining Lease (# 252) and the Murray Brook West Property (7846) (refer to website).
The Murray Brook East and Murray Brook West Properties have been subject to various degrees of exploration and share the same potential of increasing the mineral resources defined at the Murray Brook Deposit. The Company has defined several future priority targets on these properties (see Figure 2 at the following address: http://media3.marketwire.com/docs/171109_PUM_Figures.pdf).
The Murray Brook deposit has a currently defined measured and indicated mineral resources of 5.28 million tonnes averaging 5.24 zinc, 1.80 lead, 0.46 copper, 68.9 g/t silver and 0.65 g/t gold. The core of the mineral resource occurs in the West Zone which is 200 meters wide, extending from surface to 300 meters vertical and the true thickness of the massive sulphide body varies from 75 meters to 100 meters. The East Zone (Copper-Gold) is 100 meters wide, also extending from surface to 300 vertical meters and is mainly mineralized with gold and copper. On February 20th 2017, a NI 43-101 report was accepted and filed on SEDAR.
About Puma Exploration Inc.
Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The Company’s major assets consist of an option to acquire 100 per cent beneficial interest in the Murray Brook Property, the Turgeon Zinc-Copper Project and the Nicholas-Denys Project located in New Brunswick as well as an equity interest in BWR Resources, Manitoba. Puma’s objective for the coming year is to focus its exploration efforts in New Brunswick.
You can visit us on Facebook and Twitter.
Learn more by consulting www.pumaexploration.com for further information on Puma Exploration Inc.
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.
To view the figures associated with this press release, please visit the following link: http://media3.marketwire.com/docs/171109_PUM_Figures.pdf
Puma Exploration Inc.
Marcel Robillard
President
(418) 724-0901
president@explorationpuma.com
www.pumaexploration.com
- Published in Mining, News Home, Puma Exploration
Puma drills 405 meters of high grade polymetallic mineralization at the Murray Brook Deposit
Momentum Public Relations
Press Release: October 31, 2017
RIMOUSKI, QUEBEC–(Marketwired – Oct. 31, 2017) – Puma Exploration (the “Company” or “Puma”) (TSX VENTURE:PUM)(SSE:PUMA) is pleased to announce the results of the first of three holes from the 2017 drilling program at its Murray Brook Deposit in New Brunswick. Hole MB17-01 intersected over 405 meters of continuous massive sulphide mineralization starting from 27 meters from surface and extending to a depth of 435 meters. The overall grades of the 405 meter massive sulphide mineralization are 3.3{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 1.1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb, 0.95g/t Au, 42g/t Ag, and 0.30{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu including a high grade gold zone of 2.0 g/t Au over 160 meters.
Hole MB17-01, drilled to a total downhole depth of 549 meters, was designed to validate historic high-grade zones, to expand the potential resources at depth and to define the geological model, including the metal zonation. All of this new information will be used for mining plan in the current Preliminary Economic Assessment (”PEA”) along with the Results of a bulk sample of 200-300 kg of fresh core being collected to proceed with more advanced metallurgical recovery studies.
Figure 1 is available at the following link: http://media3.marketwire.com/docs/1104137_fig1.jpg
The 405 meters of massive sulphide intersected in hole MB17-01 is characterized by numerous higher-grade thick zinc horizons with grades up-to 5.8{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 2.8{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb, 1.05 g/t Au, 77 g/t Ag, over 53 meters and also much higher-grade zinc intercepts of 10.04{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 3.23{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb, 2.58 g/t Au, 119 g/t Ag over 17 meters.
*Highlights of Higher-grade Zinc Zones in Hole MB17-01 and other significant results can be found in Table 1 below.
- 27.0m to 39.0m (12.0m) : 4.54{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 1.02{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb, 0.31 g/t Au, 28 g/t Ag, 2.15{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu
- 65.0m to 77.0m (12.0m) : 5.57{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 3.10{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb, 0.20 g/t Au, 97 g/t Ag, 0.38{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu
- 135.0m to 142.0m (7.0m) : 6.24{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 0.85{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb, 0.44 g/t Au, 27 g/t Ag
- 151.0m to 160.0m (9.0m) : 6.45{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 1.93{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb, 55 g/t Ag
- 174.0m to 180.0m (6.0m) : 5.12{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 2.09{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb, 50 g/t Ag
- 253.0m to 264.0m (11.0m) : 5.53{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 2.40{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb, 0.29 g/t Au, 117 g/t Ag
- 285.0m to 306.0m (21.0m) : 7.07{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 3.57{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb, 1.60 g/t Au, 62 g/t Ag
- 344.0m to 351.0m (7.0m) : 5.12{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 1.11{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb, 2.62 g/t Au, 50 g/t Ag, 0.56{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu
- 357.0m to 374.0m (17.0m) : 10.04{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 3.23{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb, 2.58 g/t Au, 119 g/t Ag, 0.56{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu
- 383.0m to 390.0m (7.0m) : 6.49{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 1.78{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb, 2.31 g/t Au, 134 g/t Ag, 0.80{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu
Hole MB17-01 Analysis (or Discussion)
Hole MB17-01was drilled at a -45° declination in the center of the west side of the Murray Brook Deposit, is characterized by high grade zinc mineralization, which constitutes the core of the resource estimate released in December 2016. The West Zone (Zinc) is 200 meters wide, extending from surface to 300 meters vertical and the true thickness of the massive sulphide body varies from 75 meters to 100 meters. Please refer to figures 1 and 2.
Figure 2 is available at the following link: http://media3.marketwire.com/docs/1104137_fig2.jpg
MB17-01 has successfully identified new mineralized zones at depth, and, due to its orientation and declination, has filled gaps between previously drilled holes, which will increased the confidence of continuity in the current PEA, as follows:
From 27 meters to 100 meters, MB17-01 has filled a 73 meter gap between two previous holes with a intersection of 4.54{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 1.02{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb, 2.15{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu over 12.0 meters (extending laterally the surface rich copper and zinc zones for more than 50 meters) and with a second infill intercept of 5.57{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 3.10{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb, 97 g/t Ag over 12 meters.
From 135 meters to 205 meters, MB17-01 has filled a 70 meter gap between two previous holes with an infill intercept of 5.14{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 1.05{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb, 36 g/t Ag over 26.0 meters.
From 295 meters to 420 meters, a MB17-01 massive sulphide intersect located below the current zinc resource block model fills 125 meter gap between two previously drilled holes. This mineralization is represented by one of the best intercepts of the current hole with 5.26{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 1.52{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb, 2.62 g/t Au over 59 meters, representing a significant at-depth extension of the current define “Zinc” block envelope.
From 420 meters to 549 meters, MB17-01 extends the favorable host sedimentary horizon for more than 129 meters. Footwall sediment alteration is represented by strong chloritization and silicification. The mineralization beyond 435 meters, downhole from the projected mineral target, contains lower grade mineralization. The system remains open downhole and, more likely, vertically below or above the last part of the current hole.
Table 1. Significant intercepts in the Hole MB17-01
Drill hole | From | To | Length | Au | Ag | Cu | Pb | Zn | Pb+Zn | Comments |
(m) | (m) | (m) | g/t | g/t | {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | ||
MB17-01 | 27.0 | 432.0 | 405.0 | 0.95 | 41 | 0.34 | 1.14 | 3.30 | 4.44 | Continuous massive sulphide |
incl. | 27.0 | 39.0 | 12.0 | 0.31 | 28 | 2.15 | 1.02 | 4.54 | 5.56 | Extends Cu+Zn zone by 50m |
65.0 | 77.0 | 12.0 | 0.20 | 97 | 0.38 | 3.10 | 5.57 | 8.67 | Fills 73m gap between 2 holes | |
134.0 | 160.0 | 26.0 | 0.34 | 36 | 0.08 | 1.05 | 5.14 | 6.20 | Fills 70m gap between 2 holes | |
incl. | 135.0 | 142.0 | 7.0 | 0.44 | 27 | 0.05 | 0.85 | 6.24 | 7.09 | |
incl. | 151.0 | 160.0 | 9.0 | 0.07 | 55 | 0.03 | 1.93 | 6.45 | 8.38 | |
174.0 | 180.0 | 6.0 | 0.03 | 50 | 0.02 | 2.09 | 5.12 | 7.21 | ||
253.0 | 306.0 | 53.0 | 1.05 | 77 | 0.06 | 2.83 | 5.83 | 8.66 | ||
incl. | 253.0 | 264.0 | 11.0 | 0.29 | 117 | 0.02 | 2.40 | 5.53 | 7.93 | |
incl. | 285.0 | 306.0 | 21.0 | 1.60 | 62 | 0.09 | 3.57 | 7.07 | 10.64 | |
341.0 | 400.0 | 59.0 | 2.62 | 72 | 0.68 | 1.52 | 5.26 | 6.78 | Below the Current Resource Estimate | |
incl. | 357.0 | 374.0 | 17.0 | 2.58 | 119 | 0.56 | 3.23 | 10.04 | 13.27 | |
incl. | 367.0 | 373.0 | 6.0 | 1.70 | 149 | 0.24 | 4.73 | 14.91 | 19.63 | |
* Highlights and Table 1 represent length and grade weighted composite core intervals. True thickness is estimated to be approximately 20-40{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the reported intervals. The lateral extend is estimated at 70-80{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} core intervals. |
“We are very pleased with the results from hole MB17-01. The massive sulphide intersection below the current resource estimate represents a fundamental and significant expansion of the system’s geometry and metal content. We look forward to incorporating this new information into our deposit resource model. Also, this “deep model” extension carries higher than anticipated gold values, represented by a 160 meter drill intersection of 2.0 g/t Au, including 3.02 g/t Au over 25 meters. The contrasts with the existing resource estimate that assigns a value of only 0.65 g/t Au for the entire block model.”, notes Marcel Robillard, President of Puma Exploration.
Diamond drill holes MB17-02 (74m) and MB17-03 (174m) were drilled close to surface to test the extension of the Murray Brook deposit toward the south-western extension. The results from these holes are pending and their location is referenced in Figure 2.
Qualified Persons and QC/AC
The contents of this press release were prepared by Marcel Robillard, P.Geo., President and Dominique Gagné, P.Geo., Vice President of Exploration, are qualified persons as defined by NI 43-101 and have supervised the preparation and technical information that forms the basis for this news release. 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. Mr. Robillard and Mr. Gagné are not independent of the company, as he is an officer and shareholder. The samples are prepared, sent, processed at ALS Val D’Or, Québec and ALS Sudbury, Ontario. All samples were assays by ME-ICP41 method and gold was assay by AU-AA26 method. QA/QC are monitored by the analysis of blanks, reference material and replicate samples at a frequency of one (1) of each per 30 samples.
About the Murray Brook Project
The Murray Brook Project consists of three (3) distinct contiguous areas that cover more than 18 kilometers of the favorable rocks that host the operating Caribou Mine (Trevali Mining Corp.), the Murray Brook Deposit and the past operating Restigouche Mine (Trevali Mining Corp.). From east to west, the project comprises the Murray Brook East Property (4925), the Murray Brook Mining Lease (# 252) and the Murray Brook West Property (7846) (refer to website). The Murray Brook East and Murray Brook West Properties have been subject to various degrees of exploration and share the same potential of increasing the mineral resources defined at the Murray Brook Deposit. The Company has defined several future priority targets on these properties (see Figure 2).
The Murray Brook deposit has a currently defined measured and indicated mineral resources of 5.28 million tonnes averaging 5.24{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} zinc, 1.80{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} lead, 0.46{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} copper, 68.9 g/t silver and 0.65 g/t gold. The core of the mineral resource occurs in the West Zone which is 200 meters wide, extending from surface to 300 meters vertical and the true thickness of the massive sulphide body varies from 75 meters to 100 meters. The East Zone (Copper-Gold) is 100 meters wide, also extending from surface to 300 vertical meters and is mainly mineralized with gold and copper. On February 20th 2017, a NI 43-101 report was accepted and filed on SEDAR.
About Puma Exploration Inc.
Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The Company’s major assets consist of an option to acquire 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} per cent beneficial interest in the Murray Brook Property, the Turgeon Zinc-Copper Project and the Nicholas-Denys Project located in New Brunswick as well as an equity interest in BWR Resources, Manitoba. Puma’s objective for the coming year is to focus its exploration efforts in New Brunswick.
You can visit us on Facebook and Twitter.
Learn more by consulting www.pumaexploration.com for further information on Puma Exploration Inc.
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
(418) 724-0901
president@explorationpuma.com
- Published in Mining, News Home, Puma Exploration
IIROC Trade Halt – Puma Exploration Inc.
Momentum Public Relations
Press Release: October 31, 2017
Vancouver, British Columbia–(Newsfile Corp. – October 31, 2017) – The following issues have been halted by IIROC:
Company: | Puma Exploration Inc. |
TSX-V Symbol: | PUM |
Reason: | At the Request of the Company Pending News |
Halt Time (ET) | 09:12 |
IIROC can make a decision to impose a temporary suspension of trading in a security of a publicly listed company, usually in anticipation of a material news announcement by the company. Trading halts are issued based on the principle that all investors should have the same timely access to important company information. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
– 30 –
For further information: IIROC Inquiries 1-877-442-4322 (Option 3) – Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only.
- Published in Mining, News Home, Puma Exploration
Puma Exploration Welcomes Denis Amoroso as Strategic Adviser to the board
Momentum Public Relations
Press Release: October 27, 2017
RIMOUSKI, QUEBEC–(Marketwired – Oct. 27, 2017) – Puma Exploration Inc. (the “Company” or “Puma”) (TSX VENTURE:PUM)(SSE:PUMA) welcomes Denis Amoroso as Financial and Strategic adviser to the board of the Company. Mr. Amoroso has been in the brokerage and financial business for thirty-seven years, including 25 years as Senior Adviser at Canaccord Genuity. He was Canadian member of the Chairman’s Club and member of the president’s Club nine times.
A pillar in the mining sector, focusing on Quebec junior exploration companies, he raised more than $100 million over the last 30 years. He has participated in the funding of more than forty Junior Companies, starting from the exploration stage to development and finally to mining producers. “His vast knowledge of the financial sector and his contacts make him an invaluable resource for Puma Exploration, particularly in our current stage of developing the Murray Brook Project, in the Bathurst Mining Camp.” Note Marcel Robillard, President of Puma Exploration.
Murray Brook Deposit (Bathurst Mining Camp)
The underground sulphide mineral resource estimate of the Murray Brook Deposit comprises measured and indicated mineral resources totalling 5.28 million tonnes averaging 5.24 per cent zinc, 1.80 per cent lead, 0.46 per cent copper, 68.9 grams per tonne silver and 0.65 g/t gold. It contains 610 million pounds of zinc, 209 million pounds of lead, 54 million pounds of copper, 11.7 million ounces of silver and 111,000 ounces of gold at a $85 per-tonne NSR (net-smelter-return) cut-off in the sulphide measured and indicated categories. On February 20th 2017, the NI 43-101 report was accepted and filed on SEDAR.
Puma is updating the PEA on the Murray Brook Deposit. Various economic and development scenarios are currently studied, from a large open pit to a high grade zinc underground operation.
About the Murray Brook Project
The Murray Brook Project consists of three (3) distinct contiguous areas that cover more than 18 kilometers of the favorable rock hosting the operating Caribou Mine (Trevali Mining Corp.), the Murray Brook Deposit and the past operating Restigouche Mine (Trevali Mining Corp.). From east to west, they are the Murray Brook East Property (4925), the Murray Brook Mining Lease (# 252) and the Murray Brook West Property (7846). The Murray Brook East and Murray Brook West Properties have been subject to various degrees of exploration and share the same potential of increasing the mineral resources defined at the Murray Brook Deposit.
About Puma Exploration Inc.
Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The Company’s major assets are an option to acquire 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} per-cent beneficial interest in the Murray Brook Property, the Turgeon Zinc-Copper Project and the Nicholas-Denys Project located in New Brunswick as well as an equity interest in BWR Resources. Puma’s objective for the coming year is to focus its exploration efforts in New Brunswick.
You can visit us on Facebook and Twitter.
Learn more by consulting www.pumaexploration.com for further information on Puma Exploration Inc.
The contents of this press release were prepared by Marcel Robillard, P.Geo., 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.
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
(418) 724-0901
president@explorationpuma.com
- Published in Mining, News Home, Puma Exploration
Secova Receives Initial NI 43-101 Technical Report for the Duvay/Chenier Project in Amos
Momentum Public Relations
Press Release: October 6, 2017
Vancouver, British Columbia–(Newsfile Corp. – October 6, 2017) – Secova Metals Corp. (TSXV: SEK) (FSE: N4UN) (OTC: SEKZF) (“Secova” or the “Company“) is pleased to announce it has received and filed a technical report (“or Report”) prepared to the standards of Canadian National Instrument (“NI”) 43-101 describing the Duvay/Chenier gold project (the “Property”), located between 7 and 20 kms from Amos, Quebec. Secova holds an option to earn up to a 90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} interest in the Property.
“This initial report provides the Company, its consultants and its shareholders an extensive amount of historical information that is necessary to evaluate the opportunity and pertinent to further developing the Duvay/Chenier project. After going over this Report we have a better understanding of the project and many other mineralized zones have come to light. Our current Phase 1 drilling program has already been adapted due to the information that the Report has provided us. Like the Windfall Lake project when my former company Eagle River got ahold of it, it was once a mineral project that was not fully understood yet had great potential. Through methodical approaches and utilizing advanced geophysical methods that project is now developing into one of the greatest gold camps in Canada. Our plan is to do that with the Duvay/Chenier project,” comments Secova’s Chairman & CEO, Brad Kitchen.
Highlights of the Initial NI 43-101 on the Duvay/Chenier Project
- There are numerous historical mineralized showings reported from the Quebec government within the Property, these are titled the Duvay Zone Principal, Duvay Zone de la Fosse, Bacola, Grenadier Oeste, Grenadier, Cresus-Silverny, Villeneuve, Villeneuve VD-10, Norval, Cossette-Monpas Shear, Peter Brown, East Mac (N), and the East Mac (SE).
- Over 500 historical drill holes were reported on the entire project; mostly concentrated in the Duvay Zone Principal.
- Multiple bulk samples have been reported from the Duvay Zone Principal, including the three largest between 1000 and 1200 tonnes apiece, completed in 1986 by a previous property holder. These three largest bulk samples were reportedly processed to try and achieve representative sub-samples. Nine such sub-samples were analyzed by fire assay, yielding an average of 5.68 grams per tonne gold, according to reports filed with the Quebec government in 1988. The reported range of fire assay results was between 0.60 and 30.00 g/t gold. Secova cannot verify these historical results beyond what is reported in the contemporaneous assessment reports filed with the Quebec government, except to note that large pits consistent with the reported bulk samples exist on site today.
- In 1990, A 40,000 tonne bulk sample was extracted from the Duvay Zone de la Fosse and processed by heap leach methods, as reported in the Northern Miner of that year. The Northern Miner (1990) reported that Sphinx poured its first doré bar containing 300 oz gold and 200 oz silver from the heap leach project and a second pour was anticipated soon when their staff visited the site in early September 1990. Further information is not available, and Secova cannot verify the results.
A copy of the report can be found on Secova’s website at www.secovametals.com/duvaychenier
NI 43-101 Disclosure
Harrison Cookenboo, Ph.D., P. Geo., a qualified person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.
About Secova Metals Corp.
Secova Metals Corp. is a Canadian gold exploration company focused on building a strong asset base through exploration of undervalued gold projects in Canada. Management has demonstrated expertise in advancing gold exploration projects into acquisition targets, most notably in the province of Quebec. Secova has the exclusive right and option to acquire from Tres-Or Resources Inc. (“Tres-Or”), an undivided 65{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} right, title and interest in the contiguous Duvay/Chenier Gold Projects. Secova can earn up to 90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the property (an additional 25{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} ownership) by funding a pre-feasibility study after the initial exploration expenditures to bring the property towards production. The Company has a total contiguous land package of 176 claims covering over 7,766 hectares (19,193 acres) of land. Duvay/Chenier is located in the Abitibi gold belt, one of Quebec’s premier mining jurisdictions. The Company has plans to advance the development of Duvay/Chenier as well as seek other avenues of growth through acquisition and mergers. The Company also has 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} ownership of the Eagle River project which is adjacent to and on-trend to several gold projects in the Windfall Lake district of Urban Barry in Quebec.
For more information on Secova Metals Corp. please contact info@secovametals.com, Tel: +1 604-558-5397 or visit the website at www.secovametals.com for past news releases, media interviews and opinion-editorial pieces by CEO and Chairman Brad Kitchen.
On Behalf of the Board of Directors,
SECOVA METALS CORP.
“Brad Kitchen”
Brad Kitchen
Chairman, CEO and Director
Tel: +1 604-558-5397
info@secovametals.com
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 contains “forward-looking information” that is based on the Company’s current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company’s exploration and development plans. The words “will”, “anticipated”, “plans” or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information.
- Published in Mining, News Home, Puma Exploration
Puma Exploration Provides Update
Momentum Public Relations
Press Release: September 15, 2017
RIMOUSKI, QUEBEC–(Marketwired – Sept. 15, 2017) – Puma Exploration Inc. (the “Company” or “Puma”) (TSX VENTURE:PUM)(SSE:PUMA) announces an update on the field activities and other various corporate matters. Puma Exploration has completed its initial drilling program at the Murray Brook Deposit in the Bathurst Mining Camp (BMC) of New Brunswick.
A preliminary three (3) holes drilling program totaling 774 meters designed to verify the depth and surface extensions of the Murray Brook massive sulphide deposit was completed. The geologists are currently logging the core, sampling the mineralized zones and modelling new interpretations. The results will be released as soon as they become available. In the light of the current observations, a more aggressive drilling program will be launched following a borehole EM survey on the Deposit.
Annual Meeting Results
Puma Exploration held its Annual General Meeting on August 24th. All proposals submitted have been endorsed by shareholders. These proposals included the appointment of Directors and Auditors and the adoption of a Shareholder Rights Plan (SEDAR 2011-July, 25th). A total of shareholders representing more than 28{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the capital stock of the Company have voted positively on these proposals. Directors have been elected to the Board with an approval rate of 81{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} or more for each of the following candidates: Ms. Anne Slivitzky, Ms. Isabelle Valiquette and Mr. Marcel Robillard, Arness Cordick and Richard Thibault.
In addition, during the meeting of the Board of Directors that followed the AGM, Mr. Marcel Robillard was re-elected president and CEO and Mr. Cordick, Chairman of the Board of Directors. Mr. Dominique Gagné was re-elected to the position of vice-president exploration, while Ms. Ginette G. Brisson was re-elected to the positions of CFO and Secretary. Ms. Anne Slivitzky, Mr. Richard Thibault, and Marcel Robillard will form the audit committee.
Shareholder Rights Plan
A Shareholder Rights Plan is a mechanism, commonly used by public companies, designed to assist the board in ensuring the fair and equal treatment of all shareholders in the face of an actual or contemplated unsolicited bid to take control of the company.
The objective of Puma’s Shareholder Rights Plan is to ensure that, in the event of a bid for control through an acquisition of the Company’s common shares, the Board of Directors of Puma has sufficient time to evaluate the bid, explore and develop alternatives in order to maximize shareholder value while seeing to the best interests of the Company.
Stock Option
In accordance with its compensation policy and stock option plan, on September 15th, 2017, the Board of Directors of Puma Exploration (TSX VENTURE:PUM) granted 2,850,000 stock options with an exercise price of $0.10, expiring on September 15th, 2022, distributed as follows:
Directors | 1,250,000 options |
Employees and service providers | 1,600,000 options |
Private Placement
Puma has closed a non-brokered private placement financing of flow-through units with qualified investors, employees and consultants. The company issued 1,250,000 units at an issue price of eight cents per unit for gross proceeds of $100,000. Each flow-through unit comprises one flow-through common share and one-half of one common share purchase warrant. Each full warrant gives its holder the right to purchase one common share at a price of fifteen cents per share until September 15th, 2019.
In connection with this private placement, the Company has paid cash finders’ fees in an amount of $4,000 and issued 50,000 finder warrants, which will entitle holder to acquire one additional common share of Puma at a price of eight cents for 24 months.
All securities issued to purchasers and finders under the offering are subject to a four-month hold period from the date of issuance of the securities, pursuant to applicable securities legislation and the policies of the TSX Venture Exchange. The placement has received the conditional approval of the TSX-V. The proceeds of the offerings will be used for the exploration and development of Puma’s properties in New Brunswick.
Murray Brook Deposit (Bathurst Mining Camp)
The underground sulphide mineral resource estimate of the Murray Brook Deposit comprises measured and indicated mineral resources totalling 5.28 million tonnes averaging 5.24 per cent zinc, 1.80 per cent lead, 0.46 per cent copper, 68.9 grams per tonne silver and 0.65 g/t gold. It contains 610 million pounds of zinc, 209 million pounds of lead, 54 million pounds of copper, 11.7 million ounces of silver and 111,000 ounces of gold at a $85 per-tonne NSR (net-smelter-return) cut-off in the sulphide measured and indicated categories. On February 20th 2017, the NI 43-101 report was accepted and filed on SEDAR.
Puma is actually updating the PEA on the Murray Brook Deposit. Various economic and development scenarios are currently studied, from a large open pit to a high grade zinc underground operation.
About the Murray Brook Project
The Murray Brook Project consists of three (3) distinct contiguous areas that cover more than 18 kilometers of the favorable rock hosting the operating Caribou Mine (Trevali Mining Corp.), the Murray Brook Deposit and the past operating Restigouche Mine (Trevali Mining Corp.). From east to west, they are the Murray Brook East Property (4925), the Murray Brook Mining Lease (# 252) and the Murray Brook West Property (7846). The Murray Brook East and Murray Brook West Properties have been subject to various degrees of exploration and share the same potential of increasing the mineral resources defined at the Murray Brook Deposit.
About Puma Exploration Inc.
Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The Company’s major assets are an option to acquire 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} per-cent beneficial interest in the Murray Brook Property, the Turgeon Zinc-Copper Project and the Nicholas-Denys Project located in New Brunswick as well as an equity interest in BWR Resources. Puma’s objective for the coming year is to focus its exploration efforts in New Brunswick.
You can visit us on Facebook and Twitter.
Learn more by consulting www.pumaexploration.com for further information on Puma Exploration Inc.
The contents of this press release were prepared by Marcel Robillard, P.Geo., 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.
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.
Puma Exploration Inc.
Marcel Robillard
President
(418) 724-0901
president@explorationpuma.com
www.pumaexploration.com
- Published in Mining, News Home, Puma Exploration
Puma Exploration starts drilling program at Murray Brook Deposit
Puma Exploration starts drilling program at Murray Brook Deposit
Momentum Public Relations
Press Release: August 23, 2017
Puma Exploration Inc. (the “Company” or “Puma”) (TSX VENTURE:PUM)(SSE:PUMA) has begun its first drilling program at the Murray Brook Deposit. The first hole is underway and is collared to test the depth extension of the massive sulphide deposit located at surface and extending, continuously to 300 meters vertical.
Two (2) other holes are planned to verify the shallower copper mineralization intersected in the southwestern part of the deposit. The copper zone is open along strike and lies within the first 100 meters from surface. The targets consist of a combined airborne MEGATEM anomaly and a surface chargeability IP anomaly which have never been drilled.
“We are most excited to launch our own drilling program at the Murray Brook Deposit as it is the first drilling program conducted on this mining lease property since 2013” notes Marcel Robillard, President and CEO of Puma Exploration. The current drilling program begun, as planned, following the completion of phase I of the trenching operation completed on the Murray Brook East property.
Murray Brook East (4925)
The Murray Brook East property (4925) consists of 245 claims (5326 hectares) located between the Murray Brook Mining Lease (#255) and the Caribou Mining Lease (# 246). Its eastern boundary is located only four kilometers west of the producing Caribou Mine owned and operated by Trevali Mining Corp.
An extensive trenching program began on the Murray Brook East property at the beginning of June to verify the targets defined by Puma’s geologists from the data collected by the previous operators which included geophysical surveys (HeliTEM, Magnetic, Gravity) and geochemical surveys (1,853 soil samples). A previous 10 short holes drilling program along the 7 km favorable was conducted in 1956.
Trenching (Phase I)
Puma has completed a trenching program (Phase I) at Murray Brook East property, which consisted of a total of 38 trenches on a 3.8 km length. Some 127 samples were collected and will be analyzed for metals and whole rock geochemistry. The main objective of this preliminary program was to delineate and describe the contact between felsic volcanic and the sediments similar to the favorable horizon hosting the Murray Brook Deposit before proceeding with a drilling program.
Disseminated sulphides to massive sulphide veins were observed over a large gravity anomaly located at the contact between the sediments and the felsic volcanic in the northern boundary of the property. Other mineralized rock was observed mostly around two other gravity anomalies. In many locations, the black shale (sediments) observed were faulted and/or folded locally. This observation is important for the next drilling campaign planned to start in October and these areas will be the first priority targets.
Murray Brook Deposit
The underground sulphide mineral resource estimate of the Murray Brook Deposit comprises measured and indicated mineral resources totalling 5.28 million tonnes averaging 5.24 per cent zinc, 1.80 per cent lead, 0.46 per cent copper, 68.9 grams per tonne silver and 0.65 g/t gold. It contains 610 million pounds of zinc, 209 million pounds of lead, 54 million pounds of copper, 11.7 million ounces of silver and 111,000 ounces of gold at a $85 per-tonne NSR (net-smelter-return) cut-off in the sulphide measured and indicated categories. On February 20th 2017, the NI 43-101 report was accepted and filed on SEDAR.
Puma is actually updating the PEA on the Murray Brook Deposit. Various economic and development scenarios is currently studied from a large open pit to a high grade zinc underground operation.
About the Murray Brook Project
The Murray Brook Project consists of three (3) distinct contiguous areas that cover more than 18 kilometers of the favorable rock hosting the operating Caribou Mine (Trevali Mining Corp.), the Murray Brook Deposit and the past operating Restigouche Mine (Trevali Mining Corp.). From east to west, they are the Murray Brook East Property (4925), the Murray Brook Mining Lease (# 252) and the Murray Brook West Property (7846). The Murray Brook East and Murray Brook West Properties have been subject to various degrees of exploration and share the same potential of increasing the mineral resources defined at the Murray Brook Deposit.
About Puma Exploration Inc.
Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The Company’s major assets are an option to acquire 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} per-cent beneficial interest in the Murray Brook Property, the Turgeon Zinc-Copper Project and the Nicholas-Denys Project located in New Brunswick as well as an equity interest in BWR Resources. Puma’s objective for the coming year is to focus its exploration efforts in New Brunswick.
You can visit us on Facebook and Twitter.
Learn more by consulting www.pumaexploration.com for further information on Puma Exploration Inc.
The contents of this press release were prepared by Marcel Robillard, P.Geo., 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.
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.
Puma Exploration Inc.
Marcel Robillard
President
(418) 724-0901
president@explorationpuma.com
www.pumaexploration.com
- Published in Mining, News Home, Puma Exploration
Puma received $100,000 payment for Little Stull Lake transaction
Puma received $100,000 payment for Little Stull Lake transaction
Momentum Public Relations
Press Release: August 14, 2017
RIMOUSKI, QUEBEC–(Marketwired – Aug. 14, 2017) – Puma Exploration Inc. (TSX VENTURE:PUM)(SSE:PUMA) (the “Company” or “PUMA”) has received from BWR Exploration Inc. (TSX VENTURE:BWR) (“BWR”) a $100,000 cash payment related to the transaction for the Little Stull Lake Gold Project located in Manitoba.
The two Puma MEL’s (Mining Exploration Licenses) have now been officially transferred to BWR pursuant to the Purchase Agreement of October 5, 2016. Upon notification of the transfer of the MEL’s to BWR by the Manitoba Ministry of Growth, Enterprise and Trade (“Manitoba MGET”), the Agreement specified that BWR was to make a $50,000 payment to Puma for each MEL acquired within 30 days. PUMA is pleased to announce that it has now received these two payments totalling $100,000 as contemplated in the Agreement.
As part of the transaction, Puma received 5,000,000 BWR’s shares representing 8.97{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} holding of BWR Exploration Inc. and will receive an additional 5,000,000 BWR’s shares following the completion of the different milestones stipulated in the Purchase Agreement.
“The issuance and the transfer of the two Mineral Exploration Licenses that cover 388 square kilometers of favourable exploration land to BWR is a key milestone for the exploration and development of the Little Stull Lake Gold Project. Puma now being a major shareholder of BWR, I am very excited to see the exploration activities back in the region and wish the best of luck to the BWR team” notes Marcel Robillard, President of Puma Exploration and Director of BWR Exploration.
About Puma Exploration Inc.
Puma Exploration is a Canadian mineral exploration company with advanced precious and base metal projects in Canada. The Company’s major assets include the option to acquire 100 per-cent beneficial interest in the Murray Brook Property, the Turgeon Zinc-Copper Project, the Nicholas-Denys Project, all located in New Brunswick and an equity interest in Black Widow Resources related to the Little Stull Lake Gold Project in Manitoba. In 2017, Puma will concentrate its efforts on the Company’s three (3) main base metal projects in New Brunswick (Murray Brook, Turgeon and Nicholas-Denys) with emphasis given to the Murray Brook Property.
You can visit us on Facebook and Twitter.
Learn more by consulting www.pumaexploration.com for further information on Puma Exploration Inc.
The contents of this press release were prepared by Marcel Robillard, P.Geo., 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.
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.
Puma Exploration Inc.
Marcel Robillard
President
(418) 724-0901
president@explorationpuma.com
www.pumaexploration.com
- Published in Mining, News Home, Puma Exploration
Puma Exploration Closes Final Tranche of Private Placement
Puma Exploration Closes Final Tranche of Private Placement
Momentum Public Relations
Press Release: July 4, 2017
RIMOUSKI, QUEBEC–(Marketwired – July 4, 2017) – Puma Exploration Inc. (the “Company” or “Puma”) (TSX VENTURE:PUM)(SSE:PUMA) announces today it has closed the second and final tranche of a non-brokered private placement financing of flow-through units with qualified investors, employees and consultants as well as with existing shareholders. The company issued 462,500 units at an issue price of eight cents (0.08$) per unit for gross proceeds of $37,000. Each flow-through unit comprises one flow-through common share and one-half of one common share purchase warrant. Each full warrant gives its holder the right to purchase one common share at a price of 15 cents ($0.15) per share until July 04th, 2019.
In connection with this second and final tranche of private placement, the company has not paid any finders’ fee. All securities issued to purchasers under the offering are subject to a four-month hold period from the date of issuance of the securities pursuant to applicable securities legislation and the policies of the TSX Venture Exchange. The placement has received the conditional approval of the TSX-V.
As previously announced on June 22nd, 2017, the Company completed the first tranche of the Offering and issued 2,160,000 million units at an issue price of eight cents ($0.08) per unit for gross proceeds of $172,800. Each flow-through unit comprises one flow-through common share and one-half of one common share purchase warrant. Each full warrant gives its holder the right to purchase one common share at a price of 15 cents ($0.15) per share until June 22nd, 2019.
The proceeds of the offerings will be used for the exploration and development of Puma’s properties in New Brunswick in particular for the current trenching and drilling program on the Murray Brook East Property.
Murray Brook East (4925)
The Murray Brook East Property (4925) consists of 245 claims (5326 hectares). Its eastern boundary is contiguous to the Caribou Mining Lease (# 246) and is located only four kilometers west of the producing Caribou Mine owned and operated by Trevali Mining Corp.
The previous operators of the Murray Brook Property conducted extensive preliminary exploration work from 2012 to 2015 which included geophysical surveys (HeliTEM, Magnetic, Gravity) and geochemical surveys (1,853 soil samples), bringing the property to drill-ready targets. The surveys identified 5 first priority targets to be explored. The previous drilling operation along the 7 km long favorable horizon was conducted in 1956 and included only 10 short holes.
About the Murray Brook Project
The Murray Brook Project consists of three (3) distinct contiguous areas that cover more than 18 kilometers of the favorable rock hosting the operating Caribou Mine (Trevali Mining Corporation), the Murray Brook Deposit and the past operating Restigouche Mine. From east to west, they are the Murray Brook East Property (4925), the Murray Brook Mining Lease (# 252) and the Murray Brook West Property (7846). The Murray Brook East and Murray Brook West Properties have been subject to various degrees of exploration work and share the same potential of increasing the mineral resources defined at the Murray Brook Deposit.
About Puma Exploration Inc.
Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The Company’s major assets are the 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} per-cent beneficial interest in the Murray Brook Property, the Turgeon Zinc-Copper Project and the Nicholas-Denys Project located in New Brunswick as well as an equity interest in Black Widow Resources related to the Little Stull Lake Gold Project in Manitoba. Puma’s objective for the coming year is to focus its exploration efforts in New Brunswick.
You can visit us on Facebook and Twitter.
Learn more by consulting www.pumaexploration.com for further information on Puma Exploration Inc.
The contents of this press release were prepared by Marcel Robillard, P.Geo., 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.
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.
Puma Exploration Inc.
Marcel Robillard
President
(418) 724-0901
president@explorationpuma.com
www.pumaexploration.com
- Published in Mining, News Home, Puma Exploration
Puma Exploration launches Trenching Program at Murray Brook East Property
Puma Exploration launches Trenching Program at Murray Brook East Property
Momentum Public Relations
Press Release: June 22, 2017
RIMOUSKI, QUEBEC–(Marketwired – June 22, 2017) – Puma Exploration Inc. (TSX VENTURE:PUM)(SSE:PUMA) (the “Company” or “Puma”) begins a trenching program at Murray Brook East Property. The reconnaissance program, aimed at providing the best land access and to evaluate the work needed to proceed with the more advance work as Trenching and drilling operations is done over the entire Murray Brook Project land package (7,678 hectares). It appears that most of the first priority targets are located within or very close to wood cutting areas and along logging roads, therefore minimum additional work will be needed to proceed with the trenching and stripping operations prior to the drilling program. Thus, the first area to be explored is the Murray Brook East Property.
Murray Brook East (4925)
The Murray Brook East Property (4925) consists of 245 claims (5326 hectares). Its eastern boundary is contiguous to the Caribou Mining Lease (# 246) and is located only four kilometers west of the producing Caribou Mine owned and operated by Trevali Mining Corp.
The previous operators of the Murray Brook Property conducted extensive preliminary exploration work from 2012 to 2015 which included geophysical surveys (HeliTEM, Magnetic, Gravity) and geochemical surveys (1,853 soil samples), bringing the property to drill-ready targets. The surveys identified 5 first priority targets to be explored. The previous drilling operation along the 7 km long favorable horizon was conducted in 1956 and included only 10 short holes.
Private Placement
Puma Exploration Inc. has closed the first tranche of a non-brokered private placement financing of flow-through units with qualified investors, employees and consultants as well as with existing shareholders. The company issued 2,160,000 million units at an issue price of eight cents (0.08$) per unit for gross proceeds of $172,800. Each flow-through unit comprises one flow-through common share and one-half of one common share purchase warrant. Each full warrant gives its holder the right to purchase one common share at a price of 15 cents (0.15$) per share until June 22nd, 2019.
In connection with this private placement, the company has paid cash finders’ fees in an amount of $12,704 and issued 158,800 finders’ warrants, each entitling the holder to acquire one additional common share of Puma at a price of eight cents (0.08$) for 24 months. All securities issued to purchasers and finders under the offering are subject to a four-month hold period from the date of issuance of the securities pursuant to applicable securities legislation and the policies of the TSX Venture Exchange. The placement has received the conditional approval of the TSX-V.
The proceeds of the offerings will be used for the exploration and development of Puma’s properties in New Brunswick.
About the Murray Brook Project
The Murray Brook Project consists of three (3) distinct contiguous areas that cover more than 18 kilometers of the favorable rock hosting the operating Caribou Mine (Trevali Mining Corporation), the Murray Brook Deposit and the past operating Restigouche Mine. From east to west, they are the Murray Brook East Property (4925), the Murray Brook Mining Lease (# 252) and the Murray Brook West Property (7846). The Murray Brook East and Murray Brook West Properties have been subject to various degrees of exploration work and share the same potential of increasing the mineral resources defined at the Murray Brook Deposit.
About Puma Exploration Inc.
Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The Company’s major assets are the 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} per-cent beneficial interest in the Murray Brook Property, the Turgeon Zinc-Copper Project and the Nicholas-Denys Project located in New Brunswick as well as an equity interest in Black Widow Resources related to the Little Stull Lake Gold Project in Manitoba. Puma’s objective for the coming year is to focus its exploration efforts in New Brunswick.
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The contents of this press release were prepared by Marcel Robillard, P.Geo., 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.
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.
Puma Exploration Inc.
Marcel Robillard
President
(418) 724-0901
president@explorationpuma.com
www.pumaexploration.com
- Published in Mining, News Home, Puma Exploration