2023 Program Highlights to Date
- An expanded Phase 1 2023 drilling program was completed with 3,475 metres (24 drill holes);
- A new gold showing, the
Tiger Gold Zone , was discovered 350 m from the LGZ along the Lynx Gold Trend (“LGT”); - 24 new trenches were dug on the Williams Brook property;
- An inaugural surface exploration program was launched at the Jonpol property;
- Terrane Geosciences flew a detailed aerial drone survey (1.4km x 0.6km);
- The metallurgical study launched last Fall is progressing.
- Tree cutting was initiated along the LGT to facilitate trenching and stripping along its 4 km extension in preparation for the upcoming phase 2 drilling program.
Puma’s president and CEO,
The 2023 Exploration Program
Puma is focused on building a gold camp in
Surface exploration work this summer, along the Lynx Gold Trend, expanded a gold showing identified last year: the newly named
Figure 1. Location of the
Figure 2. Drilling target for potential lateral extension
Initial surface sampling results at the Jaguar, Cougar and Panthera Gold Zones reported last year were impressive (see Oct.20, 2022,
With its objective to build a gold camp at the
Figure 3. Focus areas to increase gold inventory at Williams Brook Gold
Table 1. Highlights of recent sampling at Williams Brook (WB) *
Sample # | Property | Work Type | East X | North Y | Au grade (g/t) | |
G237029 | Trench | 660343 | 5259477 | Quartz vein | 288.00 | |
G237027 | Trench | 660341 | 5259474 | Quartz vein | 35.20 | |
G239616 | Trench | 660424 | 5259545 | Quartz vein | 26.00 | |
G236936 | Trench | 660238 | 5259246 | Quartz vein | 13.20 | |
G236937 | Trench | 660237 | 5259247 | Quartz vein | 12.45 | |
G238377 | Trench | 660872 | 5259928 | Quartz vein | 4.58 | |
G236939 | Trench | 660235 | 5259245 | Quartz vein | 3.98 | |
G236941 | Trench | 660239 | 5259246 | Quartz vein | 3.58 | |
G236962 | Trench | 660426 | 5259553 | Quartz vein | 3.46 | |
G239606 | Trench | 660426 | 5259549 | Quartz vein | 3.13 | |
G237030 | Trench | 660343 | 5259478 | Quartz vein | 2.78 | |
G239605 | Trench | 660426 | 5259551 | Quartz vein | 2.64 | |
G236990 | Trench | 660393 | 5259406 | Quartz vein | 2.53 | |
G239629 | Trench | 660388 | 5259401 | Quartz vein | 1.94 | |
G236959 | Trench | 660428 | 5259552 | Quartz vein | 1.72 | |
G239787 | Trench | 660465 | 5259531 | Quartz vein | 1.72 | |
G236909 | Trench | 660252 | 5259166 | Quartz vein | 1.59 | |
G239609 | Trench | 660425 | 5259548 | Quartz vein | 1.49 | |
G236935 | Trench | 660237 | 5259251 | Rhyolite | 1.37 | |
G236931 | Trench | 660243 | 5259248 | Rhyolite | 1.15 | |
G236940 | Trench | 660239 | 5259245 | Quartz vein | 1.08 |
*The reader is cautioned that grab samples are selective by nature and may not represent the true metal content of the mineralized zone.
Termination of Option Agreement
Puma entered a property agreement to acquire the Brunswick Au-Ag Property (454 claims for 10,554 ha) near the historic Brunswick 12 mine last winter (see
Upcoming Gold Investor Events
Puma invites shareholders and interested parties to schedule a meeting at the upcoming conferences to discuss the Company's recent news and proposed developments. Click on the links to register.
- 121 Mining Investment New York
October 23-24, 2023
- Explor 2023,
Montreal, QC Oct 30 –Nov. 2, 2023 Marcel Robillard will present onNov. 1 at3:40 p.m. Click here for details.
- EMP New Brunswick,
Fredericton, NB Oct. 29 -31, 2023 Marcel Robillard will present onOct. 30 at3:30 p.m.
- 121 Mining Investment
London, UK November 20-21, 2023
About the
Puma's flagship
Since 2021, and with less than
Figure 4. Main gold showings and occurrences at the
Qualified Person
The technical information of this release was reviewed and approved by
On-Site Quality Assurance/Quality Control (“QA/QC”) Measures
Drill core and surface samples are bagged, sealed and sent to the facility of
About
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.
Connect with us on Facebook / Twitter / LinkedIn.
Visit www.explorationpuma.com for more information or contact:
president@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.
Photos accompanying this announcement are available at
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https://www.globenewswire.com/NewsRoom/AttachmentNg/9ef3a60c-8eba-419c-a0bc-2d1625648183
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Figure 4. Main gold showings and occurrences at the Williams Brook Gold Project
Main gold showings and occurrences at the Williams Brook Gold Project
Figure 1. Location of the Tiger Gold Zone along the Lynx Gold Trend
Location of the Tiger Gold Zone along the Lynx Gold Trend
Figure 2. Drilling target for potential lateral extension
Drilling target for potential lateral extension
Figure 3. Focus areas to increase gold inventory at Williams Brook Gold
Focus areas to increase gold inventory at Williams Brook Gold
2023 GlobeNewswire, Inc., source