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Puma Exploration Adds Silver Exposure to Its Assets in Northern New Brunswick
RIMOUSKI, Quebec, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the “Company” or “Puma”) is pleased to announce that it ha
About this update from Puma Exploration Inc.
[{"type":"text","content":" RIMOUSKI, Quebec, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the “Company” or “Puma”) is pleased to announce that it has entered into a property agreement to add silver exposure to its current precious metals assets in Northern New Brunswick. The new acquisition, the Brunswick Au-Ag Property, with grab samples grading up to 1,300 g/t Ag and 2.42 g/t Au, adds 454 claims (10,554 ha) to Puma’s landholdings, now totalling 60,554 ha (Figure 1). Marcel Robillard, President and CEO, commented, “With this acquisition, we seized the opportunity to add significant exposure to silver and increase the number of prospective targets for gold exploration on our already large holdings in Northern New Brunswick. The new claims are next to the historical Brunswick #12 and #6 mines that produced more than 700 M Oz Ag combined*. Recent prospecting work completed on the claims returned not only exceptional silver grades but also significant gold mineralization. This is a compelling reason for us to investigate this area further. The property has seen very little exploration work to date, and our team is excited to test its potential for precious and strategic metals”. ABOUT THE BRUNSWICK AU-AG PROPERTY The Brunswick Au-Ag property (Figure 2) is strategically located close to two (2) renowned base metals mines. Contiguous to the new property, the Brunswick #12 Mine operated from 1964 to 2013 and produced 449 M Oz Ag*. Only 2 km away, the Brunswick #6 Mine operated from 1966 to 1983 and produced 261 M Oz Ag*. *(Historic production numbers and grades provided by New Brunswick Energy & Mines, Minerals and Petroleum Division). Initial prospection and sampling conducted on the property by a local prospector in 2022 confirmed the presence of high-grade silver and gold mineralization grading up to 1,300 g/t Ag and 2.42 g/t Au in a Devonian felsic intrusion. Only limited fieldwork has been conducted on the intrusive rock as most of the effort was directed historically to the known Bathurst #12 horizon to chase VMS deposits. A small trenching operation conducted in 2022 returned high-grade samples along a 125 m-long zone with 661 g/t Ag + 0.48 g/t Au, 531 g/t Ag + 0.55 g/t Au and 376 g/t Ag + 0.56 g/t Au within the felsic intrusive rock, close to the contact with metasediments. Puma is currently compiling dat...