Business
Puma Exploration Completes Property-Scale Airborne Radiometric Survey
RIMOUSKI, Quebec, Dec. 06, 2021 (GLOBE NEWSWIRE) -- Puma Exploration Inc. (TSXV: PUMA) (the “Company” or “Puma”) is pleased to announce that it has completed a
About this update from Puma Exploration Inc.
[{"type":"text","content":" RIMOUSKI, Quebec, Dec. 06, 2021 (GLOBE NEWSWIRE) -- Puma Exploration Inc. (TSXV: PUMA) (the “Company” or “Puma”) is pleased to announce that it has completed a 2,185 line-km airborne radiometric survey that covers the entirety of its 20,000 ha Williams Brook Property in New Brunswick, Atlantic-Canada. The radiometric survey will help identify potassic alteration and potential associated gold mineralisation across the property. In addition, building on the success of its inaugural drilling program, Puma extended its 2021 VTEM and magnetic survey to cover an additional 1,015 line-km over the new claims staked and optioned in 2021. The geophysical signature of Puma’s major discovery of 5.55 g/t Au over 50.15 m along the O’Neil Gold Trend (“OGT”) (see Sept. 15, 2021 press release) will be applied to the new VTEM data set to identify new prospective anomalies. The compilation and analysis of the new VTEM data along with the radiometric survey, the latest assay results, and structural and surface mapping data will identify new drilling targets for Puma’s upcoming 10,000 m drilling program. PAIRING GEOPHYSICS WITH THE LATEST DRILL RESULTS TO INFORM THE NEXT ROUND OF DRILLING This summer, Puma successfully drilled 2,300 m at Williams Brook and made a major discovery with 5.55 g/t Au over 50.15 m along the O’Neil Gold Trend (“OGT”) within the inaugural drilling program which include continuous and extensive gold mineralisation from surface as 1.16g/t Au over 48.70 meters. High-grade gold mineralisation was found to occur along the prominent geophysical anomaly identified by the Winter 2021 survey, at the contact between rhyolite and sediments, in networks of brecciated quartz veins. 3D structural analysis of the quartz veins is being carried out to determine the orientation and dip of the high-grade gold-bearing veins to optimize future drilling operations. The 2021 VTEM survey indicated that the OGT extends for over 7 km. The newly expanded survey will map the rhyolite and sediment contact across the 20,000 ha property. The geophysical signature of Puma’s latest discovery will also be applied to the new data set to identify additional prospective targets across the land package. HIGH-RESOLUTION AIRBORNE RADIOMETRIC SURVEY Epithermal gold deposits range from thin quartz veins to large disseminated deposits located in various geological ...