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Puma Announces Initial Results of Summer Exploration at its Williams Brook Property

Puma Exploration Inc. has reported the preliminary results from the summer exploration program carried out on the Williams Brook Property of its flagship Triple Fault Gold Project, located in Northern New Brunswick, an Atlantic Province of Canada.

O’Neil showing. Image Credit: Puma Exploration Inc.

Highlights

  • High-grade gold rock sample, grading 109.5 g/t Au from chosen grab sample* gathered from the O’Neil Showing.
  • The average gold grade of the samples from the vein is 27.4 g/t Au over 10 m (2.94 g/t Au, 5.55 g/t Au, 6.63 g/t Au, 7.38 g/t Au, 21.0 g/t Au, 38.8 g/t Au, and 109.5 g/t Au)*.
  • Thus far, the high-grade gold quartz vein (which ranges from 30 to 50cm) has been followed across 10 m in length.
  • The surrounding rhyolite includes quartz veinlets and stockworks that respectively returned high-grade gold of 1.14 g/t Au, 3.57 g/t Au, 6.14 g/t Au, and 8.24 g/t Au.
  • The brecciated and modified rhyolite, which is open in all directions, is currently exposed for 10 m by 10 m.

*By nature, rock chip and grab samples are selective and may not depict the true style or grade of mineralization along the property.

We are very excited with our first phase of exploration at Williams Brook with the discovery of the high gold grade outcrop on the property in an area that was never trenched or drilled before.

Marcel Robillard, President and CEO, Puma Exploration Inc.

Robillard continued, “We are surprised by the consistency of the high grade results at the O’Neil showing in the main vein but also within the surrounding rhyolite which demonstrate the gold potential of our new flagship project in New Brunswick to host large gold deposits as the other similar players in the Atlantic Gold District.”

The technical teams are currently prioritizing the O’Neil Showing for detailed mapping, including additional sampling and trenching in order to verify the extensions and define drill targets.

Marcel Robillard, President and CEO, Puma Exploration Inc.

O’Neil Gold Zone (OGZ)

As part of the initial phase of the 2020 summer exploration program, a high-grade gold system—the O’Neil showing—was discovered. The highest gold sample, grading 109.5 g/t Au, forms part of a quartz vein (which ranges from 30 to 50cm) followed and sampled, thus far, over 10 m in length.

Chip and grab samples continuously collected from every 1.5 m on the main vein were analyzed to estimate the average gold grade samples of the vein of 27.4 g/t Au across 10 m (2.94 g/t Au, 5.55 g/t Au, 6.63 g/t Au, 7.38 g/t Au, 21.0 g/t Au, 38.8 g/t Au, and 109.5 g/t Au).

The O’Neil showing includes a modified and brecciated rhyolite, intersecting quartz stockworks and quartz veins. The main vein appears rusty and includes disseminated sulfides like chalcopyrite, galena, and sphalerite.

The surrounding quartz veinlets and stockworks within the rhyolite were discovered by cleaning the main vein with hand and shovel. The quartz veinlets and stockworks were then sampled and respectively reported high-grade gold of 1.14 g/t Au, 3.57 g/t Au, 6.14 g/t Au, and 8.24 g/t Au.

The modified and brecciated rhyolite is open in all directions and is currently uncovered for 10 m by 10 m. At present, more exploration work is ongoing at the O’Neil showing to better describe and gain insights into the gold system. It has been found that this area was never drilled or trenched previously.

2020 Summer Exploration Program

Similar to the initial exploration done on the O’Neil showing, the initial phase of the summer exploration program involved large, comprehensive prospecting and mapping, the main focus of which was on the southern part of the Williams Brook property, including the main gold-bearing zones (GZ) intersected and mentioned below (see the figure above):

  • O’Neil Gold Zone (OGZ)
  • Ramsay Gold Zone (RGZ)
  • Williams 1 Gold Zone (W1GZ)
  • Williams 2 Gold Zone (W2GZ)

In total, 175 rock samples, which include a combination of boulders and outcrops, were gathered from the property as part of this initial reconnaissance stage of exploration. A majority of them are rhyolite and quartz samples. The results of the exploration are pending and will be published as soon as they are available.

Triple Fault Gold Project

The Triple Fault Gold Project incorporates three properties—Williams Brook Gold, Portage Lake, and Jonpol Gold properties—which encompass over 30,000 ha of propitious gold exploration land package. The project is situated nearly 60 km to the west of Bathurst, where the property is cross-cut by the paved road.

At present, the focus of Puma is on the fieldwork at its first preference—the Williams Brook Gold property. This property includes chosen drill results of 1.0 g/t over 23 m, 2.1 g/t Au over 9 m, and 11.2 g/t over 2.8 m; gold showings grading up to 38.9 g/t Au, 50.8 g/t Au, and 109.0 g/t Au in extremely anomalous till samples, numerous gold soil anomalies, and bedrock samples, as well as samples with up to 508 gold grains found over an area about 12 by 3 km.

Very limited exploration and drilling have been performed in the area mapped to be part of The Dunnage Zone, which hosts major gold occurrences and gold deposits in siluro-Devonian rocks and is regarded as an emerging gold exploration and development district.

Source: http://explorationpuma.com/en/

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