RIMOUSKI, QUEBEC--(Marketwire - Dec 5, 2012) - Puma Exploration (TSX VENTURE:PUM) announces the results of eleven (11) holes drilled at Henry East Lens confirming the high grade silver and gold content of the mineralized lens near surface with the intercept of 632 g/t Ag, 3.26 g/t Au, 4.3% Pb and 4.9% Zn over 3.0 meters within a thicker zone of 354 g/t Ag, 1.82 g/t Au, 2.4 % Pb and 3.0% Zn over 5.7 meters in hole FH12-05.
The holes, for a total of 540 meters drilled, were aimed to identify the trend of the mineralization at depth in preparation of two (2) deeper holes to be drilled and to confirm the high grade precious metals content of the lenses discovered at surface during the stripping program.
- Drill intersection of 632 g/t Ag, 3.26 g/t Au, 4.3% Pb and 4.9% Zn over 3.0 meters within a thicker zone of 354 g/t Ag, 1.82 g/t Au, 2.4 % Pb and 3.0% Zn over 5.7 meters in hole FH12-05;
- Consistant gold mineralization drilled within the sulphide lens grading 92 g/t Ag and 1.1g/t Au over 9.1 m in hole FH12-04 and 121 g/t Ag and 1.2 g/t Au over 6.3 m in hole FH12-10;
- Multiple drill intersections of 0.2-1.0 meter rich sulphide veins in each hole and grading 532 g/t Ag, 7.6 g/t Au, 3.5% Zn and 2.8% Pb over 0.4 m in hole FH12-10 and 194 g/t Ag, 7.4 g/t Au, 4.1% Zn and 3.4% Pb over 0.45 m in hole FH12-04;
"We are very pleased with the results of the first phase of drilling at Henry East Lens. With only short holes and limited drilling, we have been able to confirm the presence of a continuous rich silver and gold sulphide lens over a strike length of 300 meters at Henry East. It also proves that more new lenses can be found at surface and a depth along the 10 km favourable structure of the Rocky-Brook-Millstream Fault" Note Marcel Robillard, President of Puma Exploration.
Table 1. Puma''s holes drilled at the Henry East Lens
Puma conducted stripping, channel sampling and a drilling program on the Henry East lens. Work included mechanical stripping of two areas of 125 meters by 10 meters and proved that the mineralization displays a good continuity and an important lateral extension at surface. The stripped areas were systematically sampled along regularly 5 meters spaced channels (45) and 11 holes were drilled and confirmed the high silver and gold grade at depth.
The best channel result is 10.9 g/t Au and 246 g/t Ag over 4.4 metres in channel RH12-41. Several other channels also yielded high grade gold and silver results with 5.5 g/t Au and 352 g/t Ag over 3.1 metres (RH12-40), 5.0 g/t Au and 303 g/t Ag over 3.1 metres (RH12-35), 4.7 g/t Au and 271 g/t Ag over 4.6 metres (RH12-33), 4.5 g/t Au and 515 g/t Ag over 3.4 metres (RH12-28) and 1.5 g/t Au and 187 g/t Ag over 4.2 metres (RH12-16).
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 mineralization zone is interpreted to be the surface expression of the EM-1 geophysical anomaly detected during the 2011 winter survey (see press release 19/05/2011). The EM-1 geophysical anomaly shows a long trend extending more than 1.2 km, from Henry Lens to TR11-24, open-ended to the west and located along the Rocky-Brook-Millstream fault.
The Rocky-Brook-Millstream fault controls the mineralisation for the Haché, Shaft and Pinetree lenses. All these mineralised lenses carry significant gold and silver enrichment. More than 100 holes were drilled at Haché lens since 2006 and defined a continuous mineralization zone over a strike length of 700 meters and to a depth of 350 meters so far.
Puma has completed a two phase drilling program at Nicholas-Denys property. The first phase of approximately 1,250 meters focused on the Henry East lens, located along the western end of the Rocky-Brook-Millstream fault. The second phase, of an additional 1,250 meters, tested the skarn horizon and the Nicholas-Denys porphyry.
Nicholas-Denys 2012 Exploration Program
Puma Exploration has conducted extensive exploration program at Nicholas-Denys in 2012. So far, 22 holes for 3,970 meters of drilling. 25 trenches for 3,100 meters of trenching and stripping of about 9.600 m2 were directed on the two main structures which are the Rocky-Brook-Millstream and Main Fault Zones. Currently more stripping are in progress along the Henry East lens to increase the size of the four (4) gold and silver richer zones defined by the actual sampling program.
The 2012 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 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 Silver 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 the best place in the world to conduct mining exploration by the 2012 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.