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Puma Exploration Drills Visible Gold in 2023 Drilling Program at Williams Brook
RIMOUSKI, Quebec, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the “Company” or “Puma”) is pleased to announce that the f
About this update from Puma Exploration Inc.
[{"type":"text","content":" RIMOUSKI, Quebec, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the “Company” or “Puma”) is pleased to announce that the first drill holes of the 2023 drilling program at the Lynx Gold Zone successfully intercepted the favourable rhyolite/sediment contact at depth with a series of quartz veins with associated sulphide mineralization that typically carries gold. Several specks of visible gold (“VG”) were also observed in quartz veins. Pictures of the core are shown below. DRILLING HIGHLIGHTS The 11 drill holes completed show pervasive alteration and mineralization (py-cpy-ga-sph-mal) that typically carries high-grade gold mineralization; The favourable rhyolite/sediment contact has been intersected at depth and shows continuity; The projected and targeted high-grade gold shoot area shows significant sulphide mineralization, pervasive alteration, and specks of visible gold in two holes (WB23-129 and WB23-132); Hole WB23-132 hosts visible gold at 87 m downhole, the deepest occurrence of VG so far. Puma’s President and CEO Marcel Robillard commented, \"Our preliminary observations of the drill core are very exciting. We successfully hit the favourable contact and intercepted several quartz veins with pervasive alteration and sulphides (py-ga-cpy-sp-mal) at about 100 m vertical depth – 50 m deeper than what was drilled previously. We know that quartz veins with sulphides near the favourable contact are an excellent indicator of gold mineralization, as evidenced by the presence of visible gold in 2 holes along the interpreted high-grade gold shoot. These preliminary observations indicate that our model is sound and confirm that a significant gold deposit is possible at the Williams Brook Gold Project\". Puma has completed approximately 20% of its ongoing 2023 drilling program at its flagship 100%-owned Williams Brook Project in Northern New Brunswick, Atlantic Canada. The fully-funded program includes a minimum of 6,000 m of drilling in separate phases aimed to extend the high-grade gold mineralization at depth and along strike of the Lynx Gold Trend (“LGT”) and test other new surface gold discoveries. To date, eleven (11) drill holes for 1,275 m have been completed (see Figure 1) that successfully intercepted the depth extensions of the high-grade shoots defined by previous drilling programs. As...