Jun 18 2020
Puma Exploration Inc. reports the launch of the first exploration program at its flagship Triple Fault Gold Project in New Brunswick.
The first phase of the program will include highly detailed trenching, mapping, stripping, and prospecting over the complete William Brook property of the Triple Fault Gold Project.
The William Brook property includes chosen drill results of 1.0 g/t over 23 m, 11.2 g/t over 2.8 m, gold occurrences grading up to 50.8 g/t Au in bedrock, several gold soil anomalies and highly anomalous till samples with up to 508 gold grains found over an area of about 12 km x 3 km.
The goal of the initial phase is to investigate such anomalies and confirm the degree of the present gold mineralization identified by the earlier prospectors and operators, of which most anomalies are still open in all directions and where follow-up work has never been performed for generating drilling targets. The property can be accessed easily through paved Route 180 that passes via the property and by several logging roads.
- Only a small region has been drilled (500 m x 500 m) with open gold intersections in all directions
- Several gold occurrences with up to 50.8 g/t Au which never underwent any follow-up study
- Huge soil anomalies have never been tested over 300 ppb Au over a length of 4 km
- Grassroot property with more than 25,000 ha of prospective land ready for significant findings
I’m very excited to launch this first initial field program at the Triple Fault Gold Project, which represents a lot of work and determination to consolidate landholdings held 100% by Puma, and which could be considered as a potential emerging district-scale gold area. Our 15 years of experience and knowledge has allowed us to acquire some of the best gold projects in one area with the goal to execute our first drilling program in the area.
Marcel Robillard, President and CEO, Puma Exploration Inc.
The company has obtained all the essential authorizations from the New Brunswick government in view of the global pandemic and fieldwork has been authorized to commence.
Triple Fault Gold Area
The Triple Fault Gold Project incorporates four properties—Rocky Brook, Jonpol, Portage, and Williams Brook—and controls over 25,000 ha of propitious gold exploration. Several gold occurrences can be found up to 50.8 g/t Au, 40.5 g/t Au, 28 g/t Au, 17 g/t Au with earlier holes intersected 11.2 g/t over 2.8 m, 8.02 g/t Au over 1.0 m, 1.0 g/t over 23.0 m, 3.46 g/t Au over 2.0 m.
In this region, drilling and exploration have been very limited. The Dunnage Zone boasts significant gold occurrences and gold deposits in siluro-devonian host rocks with the rise of several companies in Eastern Canada, such as Marathon Gold and Galway Metals.