- Puma Exploration (PUMA) has given the latest results from another 24 holes for 2,814 metres of its ongoing 10,000 metres 2022 drilling campaign
- Several new high-grade veins were intersected at shallow depth (from 0-50 metres)
- More than 30 specks of visible gold were identified in hole WB-22-66 in an area that had not been sampled
- Puma Exploration is a mineral exploration company with precious metals projects located near the Famous Bathurst Mining Camp in New Brunswick
- Infinity Stone Ventures Corp was up 17.50 per cent, trading at $0.235 at 11:31 ET
Puma Exploration (PUMA) has announced results from another 24 holes for 2,814 metres of its 2022 drilling campaign at the Williams Brook Gold Project.
The company’s 100 per cent owned project is located in Northern New Brunswick.
Several new high-grade veins were intersected at shallow depth (from 0-50 metres), including 51.73 g/t Au over 1.85 metres and 10.70 Au over 2.00 metres in hole WB22-66 and 35.09 g/t Au over 1.45 metres in hole WB22-39.
These two new mineralized intersections are located 500 metres apart along the O’Neil Gold Trend (“OGT”) that remains open in all directions. The high-grade gold discovery in hole WB22-66 is of particular interest. It was drilled in an area (gap) between the Lynx and the Pepitos Gold zones where the thickness of the overburden prevented stripping and trenching before drilling.
More than 30 specks of visible gold were identified in hole WB-22-66 in an area that had not been sampled, indicating that the potential of the OGT, especially in this area, may be even higher than initially anticipated.
A total of 43 holes for 5,203 metres in the current 10,000 metres drilling program have been reported to date. An additional 31 holes are now being logged with 2,127 core samples in prep for analysis.
Visible gold was identified in four holes awaiting assaying. Drilling is ongoing, with a total of 8,800 metres completed to date. The company expects to complete its 10,000 m program as planned this month.
“The ongoing 2022 drilling campaign, designed to confirm at shallow depth the alteration and mineralization found at surface by the aggressive grab sampling program initiated in 2019, has proven to be extremely successful,” noted Réjean Gosselin, Executive Chairman of the Board.
Puma Exploration is a mineral exploration company with precious metals projects located near the Famous Bathurst Mining Camp (BMC) in New Brunswick, Canada.
Infinity Stone Ventures Corp was up 17.50 per cent, trading at $0.235 at 11:31 ET.