Source: Puma Exploration
  • Puma Exploration (PUMA) is confirming mineralization at its Williams Brook Gold Project in Northern New Brunswick
  • Results are from the Lynx Gold Zone on the company’s flagship property
  • The company returned up to 12.03 grams per tonne of gold over 1.5 metres
  • Drilling was relatively shallow at between six and 18 metres in depth
  • Puma Exploration (TSXV:PUMA) is down 2.94 percent, trading at $0.16 at 1:18 p.m. ET

Puma Exploration (PUMA) is confirming mineralization at its Williams Brook Gold Project in Northern New Brunswick.

Results are from the Lynx Gold Zone on the company’s flagship property.

The company returned up to 12.03 grams per tonne of gold over 1.5 metres.

Drilling was relatively shallow at between six and 18 metres in depth.

The rock where the holes were drilled during expanded metallurgical testing is non-acid generating.

This marks the fourth significant gold discovery on the property, with gold mineralization hosted in quartz veins at surface.

The Williams Brook Gold Project covers more than 50,000 hectares in Northern New Brunswick in an established and mining-friendly jurisdiction.

For the remainder of this year, the company is aiming to drill a minimum of 6,000 metres including a 4,000-tonne bulk sample, in what it terms as “an aggressive exploration program.”

Test work on samples collected from the main quartz vain is ongoing.

“These preliminary results from our expanded metallurgical test are very positive. Our gold-bearing quartz veins contain almost no sulphide or arsenic. Bulk sampling and potential mining would therefore be non-acid-generating. These results are significant as they enable us to further de-risk a potential mining operation at the Lynx Gold Zone,” said President and CEO Marcel Robillard.

Puma Exploration (TSXV:PUMA) is down 2.94 percent, trading at $0.16 at 1:18 p.m. ET.

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