- Hole WB23-139 intersected 63.05 m at 2.49 g/t gold, including two (2) high-grade gold intervals of 37.40 g/t gold over 2.50 m and 21.66 g/t gold over 2.55 m.
- 2.06 g/t gold over 5.20 m was intercepted at 215 m downhole (WB23-139)- the deepest occurrence of gold to date.
- Lower-grade gold envelopes of 0.49 g/t to 0.67 g/t gold over 22.80 to 30.95 m surround the higher-grade gold shoots.
- The Moose area shows consistent gold mineralization at surface with hole WB23-136 grading 30.90 m of 1.10 g/t gold.
- Drill core samples with visible gold (“VG”) returned 137.0 g/t gold over 0.60 m (WB23-139), 96.0 g/t gold over 0.45 m (WB23-139), 63.6 g/t gold over 0.30 m (WB23-136), 16.85 g/t gold over 0.79 m (WB23-137).
Hole WB23-139 intersected two (2) high-grade gold intervals of 37.40 g/t gold over 2.50 m and 21.66 g/t gold over 2.55 m (Figure 1) within a 63.05 m intercept grading 2.49 g/t gold from 89.95 to 153.00 m. The same hole intersected another gold intersection of 2.06 g/t gold over 5.20 m at 215 m downhole depth. With these new gold intersections, the
Today’s results have also increased the continuity of the high-grade gold at surface with an intersection of 30.90 m grading 1.10 g/t gold in WB23-136 and 5.00 m of 2.79 g/t gold in WB23-137 starting at 8 m and 2 m below surface respectively.
Puma’s President and CEO
Figure 1. High-grade gold quartz-vein from WB23-139 (37.40 g/t Au over 2.50 m @ 149.50 m)
Figure 2. Cross-section of Lynx gold area with today’s reported results
Figure 3. Core from hole WB23-139 (37.40 g/t over 2.50 m)
Results Discussion
Lower-grade gold envelop surrounding high-grade gold shoots
All seven (7) holes reported today were drilled to intersect the previously identified high-grade gold shoots starting from surface. The gold in the high-grade quartz veins generally occurs as free gold with associated sulphides in altered rock. Many drill holes intersected lower-grade mineralized envelopes adjacent to and between the higher-grade gold veins.
Highlights include:
- 0.59 g/t gold over 30.85 m from 30.85 to 61.80 m downhole (WB23-133)
- 1.10 g/t gold over 30.90 m from 8.30 to 39.20 m downhole (WB23-136)
- 0.67 g/t gold over 30.95 m from 2.71 to 33.66 m downhole (WB23-137)
- 0.49 g/t gold over 22.80 m from 124.20 to 147.00 m downhole (WB23-138)
- 2.49 g/t gold over 63,05 m from 89.95 to 153.00 m downhole (WB23-139)
- 1.10 g/t gold over 150.50 m from 6.50 to 157.00 m downhole (WB23-139)
These lower-grade envelopes emphasize the continuity of the mineralization at Lynx. They will be targeted for future drilling as they indicate that this round of drilling may have missed the higher-grade core. Nevertheless, their presence is significant as it builds volume and will positively impact the mineral resource estimation of the deposit.
Moose area surface intercepts
Holes originating at the Moose area targeted the depth continuity of the high-grade gold shoots and also intersected mineralized quartz veins at surface (0-40 m).
Highlights include:
- 1.36 g/t gold over 5.90 m from 32.10 to 38.00 m downhole (WB23-133)
- 1.10 g/t gold over 30.90 m from 8.30 to 39.20 m downhole (WB23-136)
- 0.67 g/t gold over 30.95 m from 2.71 to 33,66 m downhole (WB23-137)
- 1.63 g/t gold over 3.70 m from 32.10 to 35.80 downhole (WB23-138)
- 2.01 g/t gold over 3.00 m from 7.35 to 10.35 m downhole (WB23-139)
- 1.10 g/t gold over 150.50 m from 6.50 to 157.00 m downhole (WB23-139)
Additional Results Pending
The remaining six (6) holes (1,105 m) of the 2023 drilling program tested the NE extension of the mineralized corridor at depth and intersected visible gold. Assay results are pending and will be released once received.
Figure 4. Drill holes location at the
Table 1. Assay results for holes WB23-133 to -139
DDH # | From (m) | To (m) | Length* (m) | Au (g/t) |
WB23-133 | 30.95 | 61.80 | 30.85 | 0.59 |
32.10 | 50.70 | 18.60 | 0.74 | |
32.10 | 38.00 | 5.90 | 1.36 | |
INDIVIDUAL SAMPLES IN WB23-133 | ||||
32.10 | 32.65 | 0.55 | 10.65 | |
37.40 | 38.00 | 0.60 | 3.24 | |
49.00 | 49.35 | 0.35 | 4.33 | |
50.20 | 50.70 | 0.50 | 8.25 | |
60.15 | 60.90 | 0.75 | 5.18 | |
WB23-136 | 8.30 | 39.20 | 30.90 | 1.10 |
Incl. | 8.30 | 11.40 | 3.10 | 3.93 |
and | 37.15 | 41.00 | 3.85 | 5.55 |
Incl. | 37.15 | 39.20 | 2.05 | 10.38 |
and | 37.55 | 37.85 | 0.30 | 63.40 |
WB23-137 | 2.71 | 33.66 | 30.95 | 0.67 |
Incl. | 2.71 | 5.50 | 2.79 | 5.00 |
Incl. | 2.71 | 3.50 | 0.79 | 16.85 |
and | 33.30 | 38.90 | 5.60 | 0.96 |
Incl. | 33.30 | 33.66 | 0.36 | 14.25 |
WB23-138 | 32.10 | 35.80 | 3.70 | 1.63 |
and | 124.20 | 147.00 | 22.80 | 0.49 |
INDIVIDUAL SAMPLESS IN WB23-138 | ||||
107.08 | 107.65 | 0.57 | 1.28 | |
124.20 | 124.70 | 0.50 | 2.63 | |
133.65 | 136.80 | 3.15 | 1.02 | |
139.30 | 141.95 | 2.65 | 1.53 | |
144.70 | 145.50 | 0.80 | 1.20 | |
146.00 | 147.00 | 1.00 | 1.05 | |
175.75 | 176.10 | 0.35 | 7.42 | |
WB23-139 | 6.50 | 157.00 | 150.50 | 1.10 |
incl. | 7.35 | 10.35 | 3.00 | 2.01 |
and | 89.95 | 153.00 | 63.05 | 2.49 |
incl. | 89.95 | 92.50 | 2.55 | 21.66 |
and | 134.60 | 153.00 | 18.40 | 5.51 |
incl. | 149.50 | 153.00 | 3.50 | 27.33 |
and | 210.40 | 215.60 | 5.20 | 2.06 |
*Interval widths reported; true widths of the system are not yet known.
2023 Drilling Program
Drilling focused on the Lynx and Moose areas of the LGZ (Figure 3). It was designed to:
1) confirm and extend high-grade gold mineralization at depth and along strike;
2) target, along the favourable contact, specific veins previously mapped at the surface with different drilling orientations to better define the veins’ geometry;
3) update the Company’s structural model.
The program expanded from fifteen (15) to twenty-four (24) holes as Puma successfully intercepted the depth extensions of the high-grade shoots defined by previous drilling programs and intersected at depth along the newly identified orientation, the bonanza-grade quartz veins sampled at surface.
Most of the holes drilled show pervasive sericitization, but visible gold and associated potential bonanza-grade veins appear to be linked to the presence of carbonate alteration (dolomite) and Py-Cpy-Ga-Sp sulphide assemblages that occur as disseminated massive sulphides or as semi-massive veinlets within the quartz veins.
Table 2. Coordinates of drill holes
DDH # | Station | Easting (m)* | Northing (m)* | Elevation (m) | Azimuth (°) | Dip (°) | Length (m) |
WB23-133 | L310E | 660336 | 5259560 | 387 | 202 | -45 | 107.30 |
WB23-134 | L290E | 660312 | 5259564 | 388 | 155 | -65 | 122.00 |
WB23-135 | L290E | 660335 | 5259521 | 387 | 335 | -55 | 100.00 |
WB23-136 | L300E | 660350 | 5259505 | 386 | 295 | -55 | 92.00 |
WB23-137 | L320E | 660371 | 5259519 | 386 | 295 | -50 | 87.00 |
WB23-138 | L310E | 660362 | 5259507 | 385 | 260 | -45 | 257.00 |
WB23-139 | L290E | 660361 | 5259481 | 386 | 260 | -45 | 230.00 |
* Projection: UTM Nad83 zone 19 | Total: | 995.30 |
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.
- Explor 2023.
Montreal. QC Oct 30 –Nov. 2 . 2023Marcel Robillard will present onNov. 1 at3:40 p.m. Click here for details.
Precious Metals Summit .Zurich . CH
Nov.13-15. 2023Marcel Robillard will present onNov. 14 at12:15 p.m. Click here for details.
- 121
Mining Investment London. UK November 20-21 . 2023
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Figure 5. Main gold showings and occurrences at the
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Figure 1. High-grade gold quartz-vein from WB23-139 (37.40 g/t Au over 2.50 m @ 149.50 m)
High-grade gold quartz-vein from WB23-139 (37.40 g/t Au over 2.50 m @ 149.50 m)
Figure 2. Cross-section of Lynx gold area with today’s reported results
Cross-section of Lynx gold area with today’s reported results
Figure 3. Core from hole WB23-139 (37.40 g/t over 2.50 m)
Core from hole WB23-139 (37.40 g/t over 2.50 m)
Figure 4. Drill holes location at the Lynx Gold Zone
Drill holes location at the Lynx Gold Zone
Figure 5. Main gold showings and occurrences at the Williams Brook Gold Project
Main gold showings and occurrences at the Williams Brook Gold Project
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