Figure 1: Additional Visible Gold Discovered at Lynx Gold Zone is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/737ed284-dc71-40f6-b5bd-655a34bb3944
Currently, stripping is in progress at Lynx with two (2) excavators allowing the cleaning and mapping of the initial discovery and expanding the overall size of the gold zone at surface (Figure 2). “Puma's systematic exploration program advances as expected and continues to deliver exceptional results.” Notes
“The Company will mobilize the drill rig on site shortly to initiate its first drilling program at the Williams Brook Gold Property.” Added
Figure 2: Current Stripping at
Highlights :
- More visible gold (VG) with sulphides (Sp-Ga-Cpy) was found at surface in quartz veins.
- Many more quartz veins were discovered, so far, on Lynx. Those veins are part of a network of crisscrossing veins and veinlets.
The Lynx Gold Zone is now exposed 90 meters long by 25 meters wide and is open in all directions.- The structural characterization by
Stefan Kruse of Terrane Geoscience identified two main veins sets hosting the mineralization (Figure 3). - The contact between the rhyolite and the sediments appears to be the main control of the gold-bearing quartz veins.
- The drill pads are prepared and ready for the drilling operations.
Figure 3: Two Main Veins Sets Hosting the Gold Mineralisation from O’Neil to Lynx is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6ffd1b97-f6cc-4565-ad4e-9c0737ca90b6
The 2021 summer field exploration program is targeting the Williams Brook Gold property (see Figure 4) with the focus on the recent major discovery named O’Neil Gold Trend (OGT) followed by trenching over 700m with bonanza grades up to 241.0 g/t Au (see news released 2021-03-31).
O’Neil Gold Trend (OGT)
The O’Neil Gold Trend (OGT) is a pervasive altered and brecciated rhyolite unit hosting significant gold showings and occurences 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.
Figure 4: Williams Brook Gold Property Main Targets Areas is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5d6d5051-91af-4512-8b8d-70ae98da9bd1
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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Rock samples were bagged, sealed and sent to the facility of
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Figure 1: Additional Visible Gold Discovered at Lynx Gold Zone
Additional Visible Gold Discovered at Lynx Gold Zone
Figure 2: Current Stripping at Lynx Gold Zone in Preparation for Drilling Operations
Current Stripping at Lynx Gold Zone in Preparation for Drilling Operations
Figure 3: Two Main Veins Sets Hosting the Gold Mineralisation from O’Neil to Lynx
Two Main Veins Sets Hosting the Gold Mineralisation from O’Neil to Lynx
Figure 4: Williams Brook Gold Property Main Targets Areas
Williams Brook Gold Property Main Targets Areas
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