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PUM Puma Exploration (delisted)

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Share Name Share Symbol Market Type
Puma Exploration (delisted) TSXV:PUM TSX Venture Common Stock
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Puma Reports Progress on 2014 Summer Exploration Programs in New Brunswick

26/06/2014 3:45pm

Marketwired Canada


Puma Exploration (TSX VENTURE:PUM) announces that it has commenced exploration
programs on its Nicholas-Denys Porphyry System and Turgeon Cu-Zn VMS system in
New Brunswick. 


This summer, several programs will be undertaken on the large, 34 km2
Nicholas-Denys property which is located 15 kms from the town of Bathurst. The
first program is well underway and consists of a downhole IP survey using the
first two 2014 drillholes of the planned 15 holes summer program into the 4 km
diameter granodiorite porphyry target. Two of the early 2014 drillholes
successfully intersected significant intervals of molybdenum, copper and silver.
(Press Release May 21, 2014). The field portion of the downhole IP survey is
completed and the raw data processing is well underway. Results are pending and
we expect drilling operation to resume following the receipt of the survey
results and final interpretation.


Puma has also commenced the third phase of the trenching and stripping program
on the 10 km long Nicholas-Denys skarn horizon and silver belt which lies
adjacent to the southern rim of the intrusion. There is strong geological
evidence that the silver, copper and zinc skarns are genetically related to the
intrusion. The stripping and trenching programs will occur in two sections
located at the east and west ends of the skarn where re-interpreted geophysical
results indicate prospective target zones. It is expected that continuous
trenching and stripping exploration will be conducted at Nicholas-Denys over the
entire summer and into autumn. 


At Puma's Turgeon VMS property, located 10 kms north of Nicholas-Denys, a
follow-up program is being conducted following the recent and successful drill
program. This recent drill program discovered a new, near-surface VMS system:
the Dragon zone. Based on drill intercepts of copper and zinc grades, the Dragon
zone is interpreted to be the edge of a pervasive VMS system that occurs in the
same volcanic unit that is host to previously discovered mineralization and
which is defined by a large zinc mineralization halo. The follow-up program
consists of a seven borehole EM survey designed to define the extension of the
massive sulphide recently intersected in drill hole FT13-13. (Press Release
April 29, 2014). The field portion of the survey has been completed and the
processed data results should be available soon for re-evaluation and to design
the follow-up drill program.


About Nicholas-Denys

Nicholas-Denys is located in mining friendly New Brunswick, near sea level in
the established Bathurst mining camp which welcomes employment opportunities.
The property is located 15 kms from the city of Bathurst and 20 kms from a
deep-water Atlantic port and the nearby Glencore Xstrata smelter at Belledune. 


It is also located 10 kms south of Puma's Turgeon copper-zinc VMS exploration
project. Access is excellent with a commercial airport near Bathurst, a nearby
railroad and with paved roads running through the property. The project consists
of three genetically and spatially related plays: the large 4 km diameter ND
porphyry intrusion, the adjacent 10 km long Main Fault zone including the skarn
horizon and, about 1 km to the southeast, the parallel 10 km long Rocky Brook
mineralized Ag-Au-Pb-Zn fault corridor.


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 now its exploration
efforts in New Brunswick, Canada.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Marcel Robillard. President
Puma Exploration
(418) 724-0901
president@explorationpuma.com


More information
Toll free: (800) 321-8564
www.pumaexploration.com

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