Initial drilling will test shallow mineralization below the high-grade gold showings at the
Since the discovery of the high-grade gold-bearing system in late 2020, Puma reported the discovery of additional quartz veins and veinlets at surface at the
“We are thrilled to begin the drilling operation at the high-grade gold target at the
The technical team has been focused on understanding the controls on gold mineralization of the O’Neil Gold Trend and the associated vein corridor. “The understanding of the local geology, structures and geophysical signatures has improved considerably from recent mapping, sampling and experts consultations. We are now well positioned to begin drilling and the entire team is anxious to see the first drill core pulled from this newly discovered, gold-bearing, quartz vein system.” Notes
O’Neil Gold Trend (OGT)
The O’Neil Gold Trend (OGT) is a pervasive altered and brecciated rhyolite unit hosting significant gold showings and occurrences followed by trenching over a strike length of 700 meters. The geophysical signature of the OGT is expressed over 7km. The favourable unit (rhyolite) is similar and parallel to the structures hosting the “Williams 1” and “Williams 2” Gold Zones with selected drill results of 11.2 g/t over 2.8m, 2.1 g/t Au over 9.0m, and 1.0 g/t over 23m.
These trends are interpreted to be related to a major rifting in the New Brunswick Geological events and could represent a low sulphidation epithermal gold system. Along the OGT, the width of the altered horizon varies from 5 to 250 meters with an average apparent thickness of 150 meters.
Numerous quartz veins, quartz veinlets, stockworks and breccias were observed mostly perpendicular to the major trend and contain the gold mineralization. The OGT has never been drilled and many gold zones were discovered during the summer 2020 exploration campaign.
High-Grade Selected Grab Samples Assays on the Prolific O’Neil Gold Trend (OGT)*: | |
O’Neil Gold Zone (VG**): | 128.5 g/t Au, 44.4 g/t Au, 38.8 g/t Au, 32.8 g/t Au, 23.1 g/t Au |
52.1 g/t Au, 16.1 g/t Au, 15.0 g/t Au, 13.1 g/t Au, 4.87 g/t Au | |
241.0 g/t Au, 79.8 g/t Au, 74.2 g/t Au, 63.5 g/t Au, 58.4 g/t Au | |
3.5 g/t Au, 1.2 g/t Au, 1.2 g/t Au, 0.45 g/t Au | |
2.4 g/t Au, 2.1 g/t Au, 1.3 g/t Au, 1.1 g/t Au |
* Selected rock grab samples are selective by nature and may not represent the true grade or style
** VG: Visible Gold
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QUALITY ASSURANCE/QUALITY CONTROL (QA/QC)
Rock samples were bagged, sealed and sent to the facility of
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Figure 1: Initial Drilling Program Targeting the Lynx Gold Zone
Initial Drilling Program Targeting the Lynx Gold Zone
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