In a recent report, Puma Exploration stated that it has discovered a series of dense quartz veins that comprise visible gold ("VG") between the Chubby and Moose Gold zones of its Williams Brook Gold property in New Brunswick, Atlantic-Canada.
The discoveries took place during the company's current stripping program that targets the promising rhyolite/sediment contact along the O'Neil Gold Trend (OGT) and is intended to verify continuous gold mineralization at surface over the trend's 700-m strike length.
Rejean Gosselin, geologist and Chairman of the Board, noted: "We are excited about this discovery at the Chubby-Moose gold area (Figure 2). The mineralization of these near-surface, highly altered and large thick quartz veins is similar to what we observed at O'Neil, Lynx, and Pepitos.
This discovery further supports the potential for a large gold deposit that could extend over a strike length of 700 meters at Williams Brook. Building on the success of our inaugural drilling program in other areas of the property, we will test this new target in early 2022 to show that the gold mineralization observed here at surface also extends at depth."
Recent Exploration Highlights
- Discovery of a widespread network of altered and dense quartz veins;
- Discovery of three more areas with visible gold, more than 25 m, in quartz vein;
- Discovery of numerous N340 structures in the rhyolite that could signify key conduits to the development of the quartz veins and related high-grade gold mineralization;
- The complete OGT belt is densely oxidized and mineralized;
- More than 750 samples shipped for assays (results awaited);
- Compilation of a strong geological model in partnership with Terrane Geosciences and Mira Geoscience ongoing;
- Launch of a 10,000-m drilling project in January 2022.
Ongoing Exploration Program
Puma's current surface exploration and stripping program, which began in June 2021, is concentrated on testing and expanding the O'Neil Gold Trend at its Williams Brook property. Founded on the company's success, the dynamic mechanized stripping program carries on exposing potential areas for high-grade gold mineralization along the OGT.
The whole 300-m strike length contact between the Lynx Zone and the Moose Zone was stripped at a width wavering between 25 and 100 m. The pervasive altered rock package that holds networks of quartz veins with high-grade gold mineralization observed at Lynx, O'Neil and Pepitos is also seen here.
This major discovery reveals that gold mineralization spreads more than 700 m along strike from the O'Neil area all the way to the Lynx area and that a large gold deposit is likely at Williams Brook.
With surface gold mineralization spreading at depth, as exposed by Puma's initial drilling program, the technical team is rapidly sampling the discovered quartz veins to identify possible high-grade gold targets and enhance the outcomes of its forthcoming drilling program. More than 750 samples have been gathered so far, with assays being awaited.
Mapping and examination of structural data are also ongoing to further enhance the forthcoming drilling program. Terrane Geosciences mapped the promising rhyolite/sediment contact in the area, and the structural characteristics and the quartz veins orientation are now being examined to enhance targeting.
Providing field conditions permit, Puma will carry on advancing its surface stripping and sampling work dynamically.
Dominique Gagné, PGeo, an autonomous qualified person as stipulated by Canadian National Instrument 43-101 standards, has appraised and approved the geological data mentioned in this article. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept accountability for the adequacy or correctness of this article. Mr. Gagné is autonomous of the company.