- Puma Exploration (PUMA) released the results from its 2022 drilling program at its Williams Brook Gold Project
- Every hole intersected gold-bearing quartz veins with some returning additional high-grade intersections such as 14.90 g/t Au over 3.60 metres in one hole and 10.96 g/t Au over 3.75 metres in another hole
- A total of 113 shallow holes were drilled along the Lynx Gold Zone, which is part of the 7 km long O’Neil Gold Trend in 2021 and 2022
- Puma was down 5.71 per cent, trading at C$0.16 at 10:45 am ET
Puma Exploration (PUMA) released the results from its 2022 drilling program at its Williams Brook Gold Project.
Every hole intersected gold-bearing quartz veins with some returning additional high-grade intersections such as 14.90 g/t Au over 3.60 metres in hole WB22-96 and 10.96 g/t Au over 3.75 metres in hole WB22-91. High-grade intersections are typically included within a wider gold intersection, such as 2.17 g/t Au over 25.10 metres in WB22-96 and 2.00 g/t over 21.95 metres in WB22-94.
Three areas show high-grade gold mineralization. They are already confirmed as priority drilling targets to verify the depth extension and the continuity of the mineralization found near the surface.
Multiple quartz veins/veinlets and stockworks were intersected in the drilling, and most were associated with intensive and pervasive limonite alteration.
A total of 113 shallow holes were drilled along the Lynx Gold Zone, which is part of the 7 km long O’Neil Gold Trend in 2021 and 2022.
The company’s President and CEO, Marcel Robillard, called the 10,000-metre drilling program at the Lynx Gold Zone a great success and fulfilled all of the team’s objectives.
“It confirmed the presence of a large and fertile hydrothermal/orogenic system at shallow depth and its continuity along strike. The program also allowed us to refine our geological model. Some of the drilling was specifically undertaken to better understand the stratigraphy and gain some insights into the characteristics of gold mineralization at the O’Neil Gold Trend. Over the coming weeks, the interpretation of these drilling results, combined with the ongoing surface exploration work on the property, will orient our next exploration program.”
He added that the high-grade gold intersections in holes WB22-94 and WB22-96 are of particular interest as they confirm the extension of an enriched sector of the Lynx Gold Zone.
“This central sector has now been recognized over an area covering 10,000 square metres. Drilling confirmed that this fertile area contains multiple high-grade gold veins open at depth along a “Gold Enrichment” controlled by the intersection of a NW striking fault cutting the favourable sediment-rhyolite contact. Two more gold enrichment sectors with a similar attitude have also been identified at the Lynx Gold Zone.”
Puma Exploration Inc. (PUMA) is a Canadian-based mineral exploration company with precious metals projects located near the Famous Bathurst Mining Camp (BMC) in New Brunswick, Canada.
Puma was down 5.71 per cent, trading at C$0.16 at 10:45 am ET.