Nov 20 2020
Puma Exploration Inc. has discovered more occurrences (2) of visible gold (VG) in trench TR20-28, situated 35 m to the east of the O’Neil High-Grade Gold Showing.
The breakthrough was made at the time of the elaborate mapping of the trench, after the cleaning work.
The VG is unevenly detected in 0.5 to 3.0 mm disseminated blebs in a quartz veins breccia that reveals pervasive alteration of Chlorite + Sericite. The quartz veins with the VG are oriented ~N290 and appear to be part of a significant extensional system (Riedel type) situated next to the major structures that are trending NW.
While the Company is quick to assert the presence of visible gold, it is not necessarily indicative of mineralisation throughout all the samples at O’Neil. However, it does augur well for further gold potential discoveries at Williams Brook property.
Marcel Robillard, President and CEO, Puma Exploration
Robillard added, “It’s a very exciting time for Puma Exploration with the discovery of additional visible gold (VG) at the O’Neil Gold Zone (OGZ), the confirmation of the O’Neil Gold Trend (OGT) for more than 5.0 km, and with more than 500 samples currently at the laboratory for gold assaying with results that should be received shortly.”
O’Neil Gold Trend
The initial phase of the 2020 summer exploration program resulted in the finding of the O’Neil Gold Showing, including considerable and pervasive potential gold trend more than 5.0 km along the O’Neil Gold Trend (OGT).
The O’Neil Showing includes a modified and brecciated rhyolite injected with quartz stockworks and quartz veins. The modified and brecciated rhyolite can be opened in all directions.
The greatest gold sample, which grades 128.0 g/t Au, forms part of the main quartz vein (varying from 30 to 50 cm) followed and sampled more than 10 m in length until now.
The vein’s average gold grade sample of 30.86 g/t Au over 10 m (128.0 g/t Au, 35.2 g/t Au, 18 g/t Au, 14.5 g/t Au, 10.25 g/t Au, 8.33 g/t Au and 1.74 g/t Au) was calculated from chip and grab samples that were gathered constantly every 1.5 m on the primary vein.
After the main vein was cleaned by hand and shovel, the adjacent quartz stockworks and veinlets inside the rhyolite were identified, sampled, and respectively reported high-grade gold of 16.90 g/t Au, 8.24 g/t Au, 6.14 g/t Au, 3.57 g/t Au, 2.2g/t Au, and 1.14 g/t Au.
Triple Fault Gold Project
The Triple Fault Gold Project contains three properties called Portage Lake, Jonpol Gold, and Williams Brook encompassing over 41,500 hectares of preferable gold exploration land package. The project is situated about 60 km to the west of Bathurst with the paved road intersecting the property.
At present, Puma is concentrating its fieldwork on its initial priority, the Williams Brook property. The Williams Brook property contains chosen drill results of 11.2 g/t over 2.8m, 2.1 g/t Au over 9.0m, and 1.0 g/t over 23m, gold occurrences grading up to 109.0 g/t Au, 50.8 g/t Au, 38,9 g/t Au in bedrock, several gold soil anomalies, and extremely anomalous till samples with up to 508 gold grains over an area covering about 12 by 3 km.
Drilling and exploration have been highly restricted in the area that has been mapped to be a part of the Dunnage Zone, which hosts significant gold deposits and gold occurrences in siluro-devonian rocks and is regarded as a rising gold exploration and development district.