The
HIGHLIGHTS:
- New gold discoveries from recent trenching at
Lynx Gold Zone with selected grab samples* grading 241.0 g/t Au, 79.8 g/t Au, 74.2 g/t Au, 71.8 g/t Au, 63.5 g/t Au collected from bedrock. The Lynx Gold Zone is 75 meters long by 25 meters wide, open in all directions, and contains over 50 samples grading > 1 g/t Au.The Lynx Gold Zone , is located 200 meters northeast of the Pepitos and O’Neil Gold zones along strike of the O’Neil Gold Trend (OGT).- Recent trenching operations lead to the discovery of two additional Gold Zones; the Chubby (3.5 g/t Au, 1.2 g/t Au and 1.2 g/t Au) and Moose (2.4 g/t Au, 2.1 g/t Au and 1.3 g/t Au) Gold Zones located respectively 100 meters and 400 meters Northeast of Lynx.
*Selected rock grab samples are selective by nature and may not represent the true grade or style of mineralization across the property.
The O’Neil Gold Trend (OGT), is hosting from south to north; the O’Neil, Pepitos, Lynx, Chubby and Moose, all newly discovered in 2020 by trenching and surface sampling (figure 2). The favorable rhyolite is open in both directions and the current airborne survey (90% completed) should indicate its potential size.
Figure 1: Williams Brook Property and location of the 2020 Exploration program
https://www.globenewswire.com/NewsRoom/AttachmentNg/23f79a1a-5aba-4999-845d-15098b36e1ca
“The recent trenching program in 2020 (4,500m) highligthed many prospective areas remaining untested along the main fertile contact between the altered rhyolite and the sediment units. We are thrilled to continue the stripping operations at
THE
The
Figure 2: The O’Neil Gold Trend (OGT) main Gold Zones
https://www.globenewswire.com/NewsRoom/AttachmentNg/9397a3d6-167a-4b0f-83c1-8d758230dfc0
Figure 3:
https://www.globenewswire.com/NewsRoom/AttachmentNg/a16f5757-67a8-4967-bd9f-1bba38ec4c3b
Table 1 : High-Grade selected grab samples (>10.0 g/t Au) at Lynx Gold Zones*
Sample | East UTMNad83 | North UTMNad83 | Target/Area | Au (g/t) |
B485106 | 660274 | 5259317 | Lynx | 241.0 |
C098527 | 660256 | 5259300 | Lynx | 79.8 |
B485107 | 660273 | 5259317 | Lynx | 74.2 |
B485108 | 660273 | 5259316 | Lynx | 71.8 |
C098536 | 660257 | 5259298 | Lynx | 63.5 |
B485388 | 660254 | 5259296 | Lynx | 59.6 |
B485389 | 660255 | 5259297 | Lynx | 58.4 |
C098529 | 660257 | 5259300 | Lynx | 50.4 |
C098526 | 660255 | 5259300 | Lynx | 48.3 |
C098534 | 660254 | 5259298 | Lynx | 38.7 |
B485386 | 660253 | 5259295 | Lynx | 36.0 |
B484559 | 660221 | 5259278 | Lynx | 35.7 |
C098541 | 660254 | 5259297 | Lynx | 25.4 |
C098531 | 660260 | 5259300 | Lynx | 24.2 |
B484556 | 660222 | 5259279 | Lynx | 17.7 |
B485114 | 660270 | 5259306 | Lynx | 15.9 |
C098535 | 660256 | 5259298 | Lynx | 13.6 |
C098518 | 660259 | 5259304 | Lynx | 12.0 |
B484555 | 660241 | 5259290 | Lynx | 11.6 |
B484557 | 660221 | 5259279 | Lynx | 10.9 |
B485378 | 660244 | 5259291 | Lynx | 10.0 |
*Selected rock grab samples are selective by nature and may not represent the true grade or style of mineralization across the property.
THE CHUBBY AND MOOSE GOLD ZONES
The other new discoveries; the Chubby (Figure 4) and the Moose (Figure 5) Gold zones are located, respectively 350 meters and 600 meters NE of the O’Neil Gold Zone. The gold mineralisation is located in a faulted, altered, and brecciated rhyolite. Most of the samples containing the higher grade gold mineralization show a distinctive epithermal texture and are located along the contact zone (Sed/Rhy) which represents an important control/conduit parallel to the regional structures trending NE. Potential gold enrichments systems (Riedel Type) are composed of extension veins (N290° to N320°) within the rhyolite/sediment contacts.
Figure 4:
https://www.globenewswire.com/NewsRoom/AttachmentNg/d7e1aa18-7982-475b-8ea2-ab8b98addda0
Figure 5:
https://www.globenewswire.com/NewsRoom/AttachmentNg/b6139ac6-0c35-4797-8c1b-c2a3d6492d82
Table 2 : Significant selected grab samples (>1.0 g/t Au) at Chubby and Moose Gold Zones*
Sample | East UTMNad8 z19 | North UTMNad83 z19 | Target/Area | Au (g/t) |
B485207 | 660333 | 5259385 | Chubby | 3.9 |
B484658 | 660300 | 5259415 | Chubby | 1.2 |
B485487 | 660341 | 5259383 | Chubby | 1.2 |
B484975 | 660445 | 5259563 | Moose | 2.4 |
B485373 | 660424 | 5259547 | Moose | 2.1 |
A0753735 | 660422 | 5259573 | Moose | 1.3 |
B485372 | 660425 | 5259549 | Moose | 1.1 |
B485234 | 660408 | 5259534 | Moose | 1.1 |
*Selected rock grab samples are selective by nature and may not represent the true grade or style of mineralization across the property.
CURRENT ACTIVITIES 2021 AND PROGRAM
These impressive new results, data and interpretation will lead to the drilling target definition for the first ever drilling program along the O’Neil Gold Trend. The first step is to proceed with a major strpping area over the entire O’Neil Gold Trend (600m by 100m) where the main objective will be to better define and located the fertile contact between the sediments/Rhyolite along the OGT.
Also, the district-scale Airborne VTEM survey (3,900km) of the
O’NEIL GOLD TREND (OGT)
The O’Neil Gold Trend (OGT) is represented as a pervasive altered and brecciated rhyolite unit hosting significant gold showings and occurrences followed by trenching over a strike length of 5.0 km. 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.
TRIPLE FAULT GOLD PROJECT
Puma is currently focusing its field work on its first priority, the Williams Brook Gold property. The Williams Brook Gold property includes 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, gold occurrences grading up to 109.0 g/t Au, 50.8 g/t Au, 38,9 g/t Au in bedrock, numerous gold soil anomalies and extremely anomalous till samples with up to 508 gold grains that occur over an area approximately 12 by 3 kilometers.
There has been very limited drilling and exploration in the area mapped to be part of the
QUALIFIED PERSONS
QUALITY ASSURANCE/QUALITY CONTROL (QA/QC)
Rock samples were bagged, sealed and sent to the facility of
ABOUT
You can visit us on Facebook / Twitter / LinkedIn
Learn more by consulting www.pumaexploration.com for further information on Puma.
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.
Figure 1: Williams Brook Property
Williams Brook Property and Location of the 2020 Exploration program
Figure 2: The O’Neil Gold Trend OGT Main Gold Zones
O’Neil Gold Trend OGT Main Gold Zones
Figure 3: The Lynx Gold Zone Trenches Results
Lynx Gold Zone Trenches Results
Figure 4: The Chubby Gold Zone
Chubby Gold Zone
Figure 5: The Moose Gold Zone
Moose Gold Zone
2021 GlobeNewswire, Inc., source