Dec 9 2020
Puma Exploration Inc., a Canadian-based mineral exploration company, reports that it has identified a powerful network of quartz veins containing Visible Gold (VG) at the recently discovered Pepitos Gold Zone (PEPITOS) of the O’Neil Gold Trend.
The VG was detected at five different sites inside the stripped region. The robust network of quartz veins identified at PEPITOS Gold Zone is construed to be associated with an extensional system (Riedel type) linked to the main structures trending NW and discovered on the Williams Brook property.
While performing the stripping and cleaning procedures at the new PEPITOS Gold Zone, the technical staff had detected numerous continuous gold-bearing quartz veins with considerable VG and sulfide (Ga+Sp+Cpy) mineralization across a strike length, so far, of around 40 m for every vein. Situated just 35 m east of the O’Neil Showing, the new zone continues to extend further toward the East.
Our 2020 field work continues to impress with great discoveries made at the surface which confirm the potential of this district-scale gold project to host significant gold deposits. It’s important to note that all the gold discoveries made so far, along the O’Neil Gold Trend (OGT), are located at the surface and will be used to direct the first drilling program at O’Neil Gold Trend.
Marcel Robillard, President and CEO, Puma Exploration Inc.
Robillard continued, “Typically major gold deposits begin at the surface and extend at depth, along fractures similar to the ones found on the Williams Brook property.”
Puma Exploration is presently conducting an intense program of surface excavation and stripping at the newly discovered Pepitos Gold Zone. To date, the stripped region measures around 40 m x 40 m, where in-depth sampling, mapping and surveying will be done.
The goal of the present program is to further assess the surface expression of the key structures, the gold mineralization and the alteration to apply the latest findings across the whole Gold Trends inside the entire Williams Brook property.
The VG was detected in numerous veins, from 0.10 to 0.40 m wide, remained open at the surface across a distance of 40 m each and was variably identified in 0.5 to 3.0 mm disseminated blebs in a quartz veins breccia. These disseminated blebs display persistent modification of Chlorite + Sericite. The system remains exposed in all directions.
O’Neil Gold Trend
Puma Exploration conducted the first phase of the 2020 summer exploration program that resulted in the discovery of the O’Neil Gold Showing containing a pervasive and significant potential gold trend across 5.0 km, along the O’Neil Gold Trend (OGT).
The O’Neil Showing contains a brecciated and altered rhyolite injected with quartz stockworks and quartz veins. The brecciated and altered rhyolite remains exposed in all directions.
The highest gold sample, which graded 128.0 g/t gold (Au), represents a part of the main quartz vein (spanning between 30 and 50 cm) that was followed and sampled, to date, across 10 m in length.
Puma Exploration estimated the average gold grade sample of the vein of 30.86 g/t Au across 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) from grab and chip samples that were continuously obtained every 1.5 m on the main quartz vein.
After completing the hand and shovel cleaning of the main quartz vein, the surrounding quartz stockworks and the veinlets inside the rhyolite were detected and sampled. These structures yielded 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, respectively.
Triple Fault Gold Project
The Triple Fault Gold Project comprises three properties, called Portage Lake, Jonpol Gold and Williams Brook, covering over 41,500 ha of favorable gold exploration land package. The Triple Fault Gold Project is situated around 60 km west of Bathurst with the paved road intersecting the property.
At present, Puma Exploration is directing its fieldwork on its main priority—the Williams Brook property. This property contains selected drill results of 2.1 g/t Au over 9.0 m, 11.2 g/t over 2.8 m and 1.0 g/t over 23 m, with gold occurrences grading up to 38.9 g/t Au, 50.8 g/t Au and 109.0 g/t Au in bedrock, various gold soil anomalies and highly anomalous till samples with gold grains of up to 508 that occur across a region of about 12 x 3 km.
Very minimal drilling and exploration work was performed in the area, which was mapped to be a portion of the Dunnage Zone. This zone hosts significant gold occurrences and gold deposits in siluro-devonian rocks and is regarded as an emerging gold exploration and development district.