The drilling program, expected to begin on
Last fall, 750 grab samples were collected along the favourable rhyolite/sediment contact to confirm the continuity of gold mineralization at surface along the O'Neil Gold Trend (see Dec.8, 2021, News Release). Results from 50 grab samples received to date include 51.70 g/t Au, 28.70 g/t Au, 27.20 g/t Au, 23.10 g/t Au, 18.50 g/t Au* (see Table 1) and show that high-grade gold mineralization is both significant and appears continuous along the OGT. The first target of the 2022 10,000 metres drilling program will be an area northeast of the
Table 1: Selected High-Grade Gold Results (over 1g/t Au) from Reported Grab Samples
Au-AA24 | Au-GRA22 | |
Sample ID | Au g/t | Au g/t |
D248073 | 6.41 | |
D248088 | 3.89 | |
D248089 | 4.11 | |
D248090 | >10.0 | 51.70 |
D248091 | 8.95 | |
D248092 | >10.0 | 18.55 |
D248093 | 5.05 | |
D248094 | >10.0 | 28.70 |
D248095 | 1.30 | |
D248096 | 5.18 | |
D248007 | >10.0 | 23.10 |
D248013 | 4.55 | |
D247671 | 6.64 | |
D247672 | 1.88 | |
D247673 | 7.91 | |
D247674 | 3.55 | |
D247675 | 1.76 | |
D247676 | 5.31 | |
D247677 | >10.0 | 27.2 |
*The reader is cautioned that grab samples are selective by nature and may not represent the true metal content of the mineralized zone.
"Our technical team has been very systematic in its approach to exploration over the last 18 months. The knowledge we acquired led to a very successful inaugural drilling program at the Lynx area of the O'Neil Gold Trend ("OGT"). As we embark on drilling this follow-up 10,000 metres at the OGT, the compilation of grab sample results, geophysical data, geology, and structural mapping will enable us to optimize our targets and maximize our chance of success. 2022 will be a transformational year for Puma, and investors can expect regular news as we aggressively develop the
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The Company announces that
INVESTOR RELATIONS CONTRACT
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Under the terms of the engagement, Puma has agreed to pay MI3
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Grab samples were bagged, sealed and sent to the facility of
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Puma has developed and implemented precautions and procedures compliant with
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Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Puma to be materially different from actual future results and achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made, except as required by law. Puma undertakes no obligation to publicly update or revise any forward-looking statements. These risks and uncertainties are described in the quarterly and annual reports and in the documents submitted to the securities administration.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1effad9e-c472-49ba-a806-8162be454cfa
Figure 1. Location of Reported Grab Samples at the OTG and Associated First Priority Drilling Targets
Location of Reported Grab Samples at the OTG and Associated First Priority Drilling Targets
2022 GlobeNewswire, Inc., source