Thirty (30) short holes (Figure 1) for 2,270 metres were drilled as part of the now-completed 2024 Winter/Spring program. Of these, twenty-two (22) holes were drilled at the centre of the
Figure 1. Location of the 2024 Winter Program drilling pads and typical core intersected
Puma’s scout drilling at the
Figure 2. Core from the
This unique discovery confirms that the host geology is continuous along 4 km of the Lynx Gold Trend. Follow-up drilling and an alteration study will be instrumental in determining and understanding the different styles of gold mineralization (high-grade versus disseminated) in our geological model and further enhance Puma’s discovery model as it continues to develop the
“The recent findings from our scout drill holes have significantly expanded the potential of gold mineralization, now extending to over 4 km. This confirmation underscores the potential for a substantial mineralized gold system, which should greatly interest our shareholders and potential investors. With our established DEAR strategy and recent news, we are fully financed for the 2024 exploration program. We will continue this summer to increase the stripping with additional trenching to enhance our understanding of the deposit and the interconnection between all gold zones", stated
Puma’s drilling process is comprehensive. The holes are logged in detail and sampled before they are sent to the laboratory for analysis. The assay results will be announced promptly upon receipt.
Ongoing Exploration
- A detailed drone magnetic survey (very detailed) will be flown over 6 km of the Lynx Gold Trend, including the recently drilled 3.5 km extension. Once interpreted, the new data will help direct Puma’s summer trenching and stripping program and help identify targets for its upcoming 2024 Summer/Fall drilling program.
- Surface exploration will start in May, including a stripping and sampling program along the favourable 4 km corridor. This will help ensure drilling success to improve further and expand the Lynx Gold Deposit.
- The 3D model of the
Lynx Gold Zone mineralization, incorporating the results of the 2023 drilling at depth and along strike at the LGZ, is almost finalized. The updated model will provide Puma with additional high-grade drilling targets at the LGZ for future drilling. - Puma continues to develop and derisk the
Williams Brook Gold Project . Last year, metallurgical work was undertaken to understand and mitigate any issues with gold recoveries. This past winter, a small-scale simulation was conducted on a 3-tonne bulk sample. Results are encouraging, and a comprehensive review of the completed work will be announced shortly. - To keep claims in good standing, some exploration programs will be conducted this summer away from the LGZ and the Company’s primary area of focus, as well as on Puma’s other properties. Details of these programs will be announced in due course.
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About the
Puma's flagship
The land package is located near the Rocky Brook Millstream Fault (“RBMF”), a major regional structure formed during the Appalachian Orogeny and a significant control for gold deposition in the region.
Puma’s successful exploration model returned, amongst others, 5.50 g/t gold over 50.15 m in hole WB21-02 (see Sept.15, 2021, News Release), 2.77 g/t gold over 42.80 m in hole
Since 2021, with less than
Dr.
Upcoming Gold Investor Events
Puma invites shareholders and interested parties to stop by the booth, attend a presentation, or schedule a meeting at the upcoming conferences to discuss the Company's recent news and proposed developments:
The Mining Investment Event of the North
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About
Armed with geophysical surveys, geochemical data and consultants’ expertise, Puma has developed a perfect low-cost exploration tool to discover gold at shallow depths and maximize drilling results.
The Company is also committed to deploying its DEAR strategy (Development. Exploration. Acquisition. and Royalties) to generate maximum value for shareholders with low share dilution.
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Visit www.explorationpuma.com for more information or contact:
president@explorationpuma.com
mboiridy@explorationpuma.com
Neither the
Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve several known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, or achievements of Puma 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 undertakes no obligation to publicly update or revise any forward-looking statements. The quarterly and annual reports and the documents submitted to the securities administration describe these risks and uncertainties.
Photo accompanying this announcement are available at
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Figure 1. Location of the 2024 Winter Program drilling pads and typical core intersected
Location of the 2024 Winter Program drilling pads and typical core intersected
Figure 2. Core from the Cheetah Gold Zone located 3.25 km northeast of the Lynx Gold Zone
Core from the Cheetah Gold Zone located 3.25 km northeast of the Lynx Gold Zone
2024 GlobeNewswire, Inc., source