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Puma Begins Geophysical Survey on its Triple Fault Gold Project

Puma Exploration Inc., a Canadian-based mineral exploration company, reports that it has hired Geotech Ltd from Aurora, Ontario, to perform a helicopter-borne survey (VTEM™ Plus) to cover its flagship fully owned Triple Fault Gold Project spanning 19,000 ha.

Airborne geophysical survey at Triple Fault Gold Project.
Airborne geophysical survey at Triple Fault Gold Project. Image Credit: Puma Exploration Inc.

The survey site is about 2,855 lines-km across two blocks with an in-depth line spacing of 100 m.

This latest airborne geophysics information, which covers familiar gold trends and gold mineralization on the Williams Brook property, will be modeled along with the analysis of past drilling, geochemical anomalies and the latest geologic data obtained during the present trenching and stripping program to rapidly improve and prioritize the drill targets for the subsequent exploration phase on the Williams Brook property.

So far, a total of four multi-kilometer-scale parallel target regions have been detected on the Williams Brook property. Puma Exploration has performed a very limited amount of drill testing within these major gold trends, which has revealed the presence of considerable gold mineralization that grades up to 11.2 g/t gold (Au) across 2.8 m and 1.0 g/t Au across 23.0 m. The recently identified O’Neil Gold Trend (OGT), which has never been drilled, follows over 5 km.

"With the addition of the new airborne survey, which should show distinctive signatures over areas of known mineralization, along with the new exploration results from the current 2020 trenching program (with more than 800 samples results pending), the Company will be able to develop a predictive model of the geological and structural controls for gold mineralization and to guide future gold exploration in the area."

Marcel Robillard, President and CEO, Puma Exploration Inc.

In addition, the helicopter-borne survey will cover the fully owned Portage Lake, Jonpol Gold and Murray Brook West properties, for which the latest precise and comprehensive information will be handy to begin field exploration work on these properties next summer.

"The acquisition and modelling of this airborne geophysical survey is a major step for the entire Triple Fault Gold project, which was only acquired in 2020. The combination of significant recent discoveries in addition to the geochemical and geophysical data layers will allow Puma to refine and prioritize drill targets with the objective of identifying areas with the best gold potential."

Marcel Robillard, President and CEO, Puma Exploration Inc.

Robillard added, “We look forward to providing additional updates on the field work programs on the Williams Brook property.”

O’Neil Gold Trend

The initial phase of the 2020 summer exploration program resulted in the discovery of the GOLD O’Neil Showing with the existence of a pervasive and substantial potential gold trend across 5.0 km along the OGT.

The O’Neil Showing comprises 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 grades 128.0 g/t Au, is part of the chief quartz vein (spanning between 30 and 50 cm) that was followed and sampled, to date, across 10 m in length.

The average gold grade sample of the vein of 30.86 g/t Au across 10 m (1.74 g/t Au, 8.33 g/t Au, 10.25 g/t Au, 14.5 g/t Au, 18 g/t Au, 35.2 g/t Au, and 128.0 g/t Au) was collectively estimated from grab and chip samples that, in turn, were continuously collected every 1.5 m on the primary vein.

After the main vein was cleaned by hands and shovels, the surrounding quartz veinlets and stockworks inside the rhyolite were discovered, sampled and reported a 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, spanning over 41,500 ha of potential gold exploration land package. The project is situated nearly 60 km west of Bathurst with the paved road cross-cutting the property.

At present, Puma Exploration is targeting its fieldwork on the Williams Brook property, which happens to be its first priority. This property comprises selected drill results of 1.0 g/t over 23 m, 2.1 g/t Au over 9.0 m, and 11.2 g/t over 2.8 m.

These gold occurrences grade up to 38.9 g/t Au, 50.8 g/t Au, and 109.0 g/t Au in various gold soil anomalies, bedrock, as well as highly anomalous till samples with up to 508 gold grains that occur across an area of around 12 by 3 km.

Very limited drilling and exploration work was done in the region plotted to be a part of the Dunnage Zone that hosts significant gold occurrences and gold deposits in siluro-Devonian rocks and is regarded as a developing gold exploration and development district.


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