Turgeon VMS New Brunswick, Canada

Transcription

1 Turgeon VMS New Brunswick, Canada PUM-TSXV PUMACL-SSEV PUXPF-US

2 Active Projects in New Brunswick Perfect Location for exploration Quebec Campbelton Established Bathurst mining camp which welcomes employment opportunities Belledune Benjamin Turgeon Sea port Bathurst area includes: Skilled labor force Red Brook Beresford Copper DNR Core Shack Railway Nigadoo Mine Puma Core Shack Regional DNR Office and Core shack Airport, Railway, Paved Road Stable government policies that offer certainty and Ann s Creek Airport Bathurst Puma and DNR offices reduce the risk of longterm projects. Puma Brunswick #12 Mine New-Brunswick Halfmile Stratmat Heath Steel Mine 0 15 km 2

3 Turgeon Project Land Package 100% Interest Powerline Port Smelter Turgeon (Cu-Zn) 4 Claim Blocks for 5,355 ha. Infrastructures The Turgeon deposit is located only 30 km north of Bathurst and 5 km south of the deepwater port and smelter of Belledune. Turgeon VMS Deposit Railway The property is accessible by road all year round and is intersected by the main powerline grid. 670 ha. Turgeon South Cu-Ag veins Belledune Smelter 430 ha. 755 ha. 3,500 ha. Belledune Port kilometers 3

4 Turgeon VMS deposits N Mafic flow Powerline Sediments 3.2% ZnEq / 2.3m 4.5% ZnEq / 1.8m 4.2% ZnEq / 6.3m 3.5% ZnEq / 7.9m Gabbro 3.5% ZnEq / 2.4m 4.6% ZnEq / 6.3m 3.3% ZnEq / 14.9m 1.1% ZnEq / 4.1m 3.8% ZnEq / 4.0m 3.8% ZnEq / 4.2m 3.3% ZnEq / 4.8m 4.1% ZnEq / 4.7m Sheeted Dyke Meters *Zneq (zinc-equivalent): Calculations use metal prices of $1.00/lbs zinc, $3.00/lbs copper, $15/oz silver and using the formula ZnEq% = Zn% + (Cu% X 3.0) + (Ag g/t*0.0218). 4

5 Powerline and Deposits Drill Results Stockwerk Cpy zones Internal 3D modeling of copper and zinc mineralization 3,5% Cu over 11,5 m Surface 7,9% Cu over 7,5 m 2,5% Cu over 16,7 m 2,3% Cu over 32,6 m Powerline 4,4% Cu over 17,2m 2,5% Cu over 25,9m 2,2% Cu over 27,3m -100m 10% Cu + 54 g/t Ag over 7.5m Massive Suphide zones 1,1% Cu + 9,2% Zn over 7,9 m Zinc Zone 0,8% Cu + 12,4% Zn over 8,7 m Zn North Fault 2,1% Cu + 1,9% Zn over 8,3m 1,0% Cu + 2,7% Zn over 72,2 m 1,9% Cu + 5,0% Zn over 12,3m Cu 1,1% Cu + 4,7% Zn over 25,1m -300m Zinc Zone Fault Turgeon Deposits In 1983, Esso Minerals used the results from drilling carried out over a fifty-year period to estimate an historical resources of 1.5 to 2.0 million tons of 1.5% Cu and 4% Zn. The mineral resources estimates was carried out before the establishment of the NI standard. Since the start of work in 1958, about 100 holes have been drilled on the deposit, for a total of more than 25,000 meters PUMA exploration 5

6 Zone High grade >3%ZnEq* Surface 6.3% ZnEq / 3.4m 4.5% ZnEq / 1.8m 3.2% ZnEq / 2.3m Powerline Zn Fault 4.2% ZnEq / 6.3m - 150m 3.5% ZnEq / 7.9m 3.8% ZnEq / 4.0m 3.5% ZnEq / 2.4m Zn zone 3.3% ZnEq / 14.9m 3.8% ZnEq / 4.2m 4.6% ZnEq / 6.8m 3.3% ZnEq / 4.8m - 300m 3.1% ZnEq / 1.9m 6.7% ZnEq / 2.1m Jaspe Fault F14-05 F15-04 High grade >3% ZnEq Mineralised zone >0.8% ZnEq Looking NE *Zneq (zinc-equivalent): Calculations use metal prices of $1.00/lbs zinc, $3.00/lbs copper, $15/oz silver and using the formula ZnEq% = Zn% + (Cu% X 3.0) + (Ag g/t*0.0218). 6

7 Composite Sample Metallurgical Tests Recovery Copper Stockwerk Test Grade Cu (%) Copper Conc. (%) Recovery (%) XP XP XP XP XP In addition, it appears that the mineralization in this zone requires relatively little grinding to obtain a good recovery. Indeed, the optimal grain size is less than 65% minus 200 mesh, and overgrinding may impair the quality of the concentrate and the recovery. Copper Stockwerk zones in hole F09-01 Hole From (m) to (m) Long. (m) Cu (%) Zn (%) Weight (kg) F F F F Total: Cpy Stockwerk PUMA exploration 7

8 Current Work Exploration Program Line Cutting (18km) Prospecting and sampling Alteration Study (243 samples) Powerline Trenching and Stripping Geophysical Survey IP OreVision Deposits Samples Drillholes IP Lines 8

9 Trenching and Stripping Program 2015 Altered Basalt 1% Zn Powerline 21% Cu 26% Cu TR % ZN 0.9% ZN TR15-02 TR % Cu TR % Cu 2.0% Cu 1.2% Cu TR15-06 Stripping TR15-01 Altered Basalt 3.7% Cu Deposits Samples Drillholes IP Lines Meters 9

10 2015 Hydrothermal Alteration study Ishikawa Alteration Index (AI) Chlorite carbonate-pyrite (CCPI) Pwl Pwl Alkali Index (Loss of calcium and sodium) Spitz Index 15 Pwl 182 Pwl

11 Geophysical IP OreVision : Resistivity Favorable unit at Surface Altered Basalt Favorable Unit Looking NE 11

12 Geophysical IP OreVision : Major Untested Targets Surface 0m PLW 2.15% Zn / 4.80m Major Untested target 400m Major Untested target 14

13 Geophysical IP OreVision : MF looking NE Surface PWL Major Untested target 2.15% Zn / 4.80m Major Untested target 12

14 Geophysical IP OreVision : MF looking SW PLW Untested target Untested target Major Untested target Major Untested target 13

15 Geophysical IP OreVision : Hydrothermal alteration Ishikawa Alteration Index (AI) At surface Pwl + Major Untested target Major Target Looking East Looking South 15

16 2,000 meters drilling Program (5 holes) E B C A D 16

17 Major Land Package New Discoveries High potential for more discoveries N Turgeon Cu-Zn Deposit Chaleurs Bay Untested geophysics and geochemistry anomalies High potential inside the mafic belt for new VMS Proximity of a large devonian intrusion Granodiorite Porphyry Bern Zone Cu-Ag veins Legend : Antinouri Lake Dalhousie Group (sed) Chaleur Group Fournier Group (sed) Fournier Group (mv) Black Point Group Gold showings Base metals showings x Metals occurences kilometers 20

18 Partnerships McCutcheon GeoConsulting Geological mapping, mineral deposit & writing/editing expertise Jeff Hussey and Associates Inc Exploration, Mining, and Geo-Metallurgy Entreprise Beresford Excavation Excavation, Road construction, Floating heavy equipment Forage de l Est Drilling 21