To date, eleven (11) holes have been drilled for a total of 965 metres. Those holes were collared between100 to 200 metres northeast of the Lynx Gold area, where a wide gold mineralized zone was identified by drilling last summer, including an intersection of 5.55 g/t Au over 50.15 m in hole
HIGHLIGHTS OF THE CURRENT DRILLING PROGRAM
- To date, eleven (11) holes have been completed for a total of 965 metres.
- 681 core samples have been sent to the laboratory for gold assaying.
- The holes are located between 100 and 200 metres from the area drilled in 2021.
- All holes intersected, over core lengths of 25 to 50 metres, the targetted favourable gold-bearing horizon of quartz veins and quartz stockwork in altered sediment and rhyolite.
- Visible gold was observed in hole WB22-19 in a quartz vein in altered sediment at the contact with the rhyolite (Figure 2).
- Hole WB22-26 intersected the complete lithological sequence from top to bottom; Sediment (hanging wall), Rhyolite and
Black Shale (footwall). - Hole WB22-29 intersected a 20 metres-thick continuous quartz vein/breccia system, the thickest intersected thus far at the OGT.
- Preliminary observations suggest that the targetted horizon dips 30 to 40 degrees which is suitable for a potential open-pit operation.
Upon initial visual inspection, the recently completed drill holes show the same mineralized quartz veins and stockwork, including visible gold, at the contact of the altered and brecciated rhyolite and sediments that was observed and sampled on surface and that was intersected in the Company’s inaugural 2021 drill program (see Figure 3). A total of 681 core samples have been sent to the lab, and results will be released when received.
"We are extremely pleased with how drilling is progressing. The visual is exceptional on preliminary inspection of the core with pervasive mineralization and alteration over significant width and impressive strike length. So far, we’ve only completed about 10% of our diamond drilling program at the O’Neil Gold Trend. We have many priority targets still to test, but our work to date indicates that Williams Brook has the potential to become a major gold find in
"The coming months will be exciting for Puma as we are looking forward to assay results from the final batch of surface samples from our fall exploration program and the first core assay results from our ongoing 2022 drilling campaign. Our
QUALIFIED PERSON
ON-SITE QUALITY ASSURANCE/QUALITY CONTROL ("QA/QC") MEASURES
Drill core samples are bagged, sealed and sent to the facility of
COVID-19 PRECAUTIONS
Puma has developed and implemented precautions and procedures compliant with
ABOUT
Connect with us on Facebook / Twitter / LinkedIn
Visit www.explorationpuma.com for more information or contact:
President, (418) 750-8510;
president@explorationpuma.com
Head of Investor Relations and Corporate Development, (250) 575-3305; mboiridy@explorationpuma.com
Neither the
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 - Current drilling program at the OGT is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/5db87ca9-43fa-45a2-bde8-3cfcdcdc315c
Figure 2 - Visible gold (“VG”) identified in hole WB22-19 is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/cef7ed47-6d62-44f8-9757-b8226265a1ec
Figure 3 - Typical quartz vein brecciated and mineralized in sediment (hanging wall) is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/010d472f-5423-4021-9aad-e183b8bf4427
Figure 1: Current drilling program at the OGT
Current drilling program at the OGT
Figure 2: Visible gold (“VG”) identified in hole WB22-19
Visible gold (“VG”) identified in hole WB22-19
Figure 3: Typical quartz vein brecciated and mineralized in sediment (hanging wall)
Typical quartz vein brecciated and mineralized in sediment (hanging wall)
2022 GlobeNewswire, Inc., source