A grab sample returned 371.00 g/t Au, the highest gold-grade reported to date. Today's results are part of Puma's Fall 2021 stripping program at the O'Neil Gold Trend ('OGT'), where many new quartz veins were discovered and sampled. Based on the Company's previous success drilling high-grade gold areas identified at surface, this high-grade gold area is the first priority target of Puma's 2022 10,000 metres drilling program.
'The consistent discovery of high-grade gold mineralization at Williams Brook is very exciting considering the imminent launch of our 2022 10,000 metres drilling Program. The presence of significant and pervasive gold at surface along the favourable lithological contact at the O'Neil Gold Trend indicates that our model is sound.' Notes
Mobilization for Puma's fully funded 2022 exploration program has already begun. The 10,000 metres drilling program at Williams Brook will target the most promising high-grade gold zones of the O'Neil Gold Trend discovered in 2021 through surface exploration work. Following the initial set-up of the pump, the on-site core shack and drill pads, the drill is expected to be turning before the end of the week.
'We are very excited to test the areas that have returned very high-grade gold at surface. This could parallel the success of our inaugural 2021 drilling program. We drilled at depth the area at the Lynx zone that had returned 240.00 g/t Au, and we hit the best intercept in the area with 5.55 g/t Au over 50.15 m.' commented
STOCK OPTION PLAN
The company further announces that it has increased its fixed less than 10-per-cent stock option plan from 8.3 million shares to 9.9 million shares, which remains less than 10-per-cent of the company's current issued and outstanding share capital. The amended plan is subject to receipt of acceptance from the
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Email: president@explorationpuma.com
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.
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