The inaugural drilling program at Tiger will begin in early March and aims to grow the volume, scale and gold grade of the
Figure 1. Gold zones along the Lynx Gold Trend (LGT)
The reader is cautioned that grab samples are selective by nature and may not represent the true metal content of the mineralized zone.
“We are very excited to launch our 2024 exploration program and begin drilling at Tiger. In 2023, we identified several high-grade gold targets along the northeast extension of the Lynx Gold Trend, and we expect drilling results to mirror what we’ve seen at Lynx. We’ve always said that Williams Brook hosts a very large system. Confirming, by drilling, the continuity of mineralization along a possible 4 km extension will be a huge step toward demonstrating the potential of the
The planned shallow drilling will test gold mineralization below the gold veins identified by trenching and mapping last year (Figure 2) at the
Figure 2. Highly prospective TGZ gold target
Puma’s successful exploration model returned, amongst others, 5.50 g/t gold over 50.15 m in hole WB21-02 (see Sept.15, 2021, News Release), 2.77 g/t gold over 42.80 m in hole
Building on that success and following the same methodology, the 2024 drilling program will target the areas that returned high-grade gold in surface sampling and trenching along the 4.0 km extension of the highly prospective Lynx Gold Trend.
More about the
In 2023, surface exploration work along the Lynx Gold Trend expanded the TGZ, a gold showing located 350 m away from the LGZ and confirming the presence of gold mineralization at surface over more than 1.5 km along strike. Four (4) sizeable (Figure 3) mineralized quartz veins-oriented W-NW were discovered and returned significant high-grade gold results, including 19.90 g/t gold and 14.50 g/t gold, confirming that high-grade gold mineralization is continuous within the pervasive hydrothermal alteration seen at the surface.
Figure 3. Quartz gold vein (in white) at the Tiger 1 trench
The gold mineralization at Williams Brook is structurally controlled. The technical team is working closely with structural consultants, Terrane Geoscience, to continuously improve the structural model. Last fall, a detailed examination of two (2) major vein trends in previously excavated trenches determined that most quartz veins at the
Figure 4. TGZ quartz gold vein with minor carbonate and sulphides
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Puma's flagship
Since 2021 and with less than
Dr.
Figure 5. Main gold showings and occurrences at the
*The reader is cautioned that grab samples are selective by nature and may not represent the true metal content of the mineralized zone.
Qualified Person
The technical information of this release was reviewed and approved by
About
Armed with geophysical surveys, geochemical data and consultants’ expertise, Puma has developed a perfect low-cost exploration tool to discover gold at shallow depths and maximize drilling results.
The Company is also committed to deploying its DEAR strategy (Development. Exploration. Acquisition. and Royalties) to generate maximum value for shareholders with low share dilution.
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Visit www.explorationpuma.com for more information or contact:
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Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve several known and unknown risks, uncertainties, and other factors that 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. The quarterly and annual reports and the documents submitted to the securities administration describe these risks and uncertainties.
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Figure 1. Gold zones along the Lynx Gold Trend (LGT)
Gold zones along the Lynx Gold Trend (LGT)
Figure 2. Highly prospective TGZ gold target
Highly prospective TGZ gold target
Figure 3. Quartz gold vein (in white) at the Tiger 1 trench
Quartz gold vein (in white) at the Tiger 1 trench
Figure 4. TGZ quartz gold vein with minor carbonate and sulphides
TGZ quartz gold vein with minor carbonate and sulphides
Figure 5. Main gold showings and occurrences at the Williams Brook Gold Project
Main gold showings and occurrences at the Williams Brook Gold Project
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