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Puma Exploration Focused on Building a Gold Camp at Williams Brook Gold Project
RIMOUSKI, Quebec, May 25, 2023 (GLOBE NEWSWIRE) -- Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the “Company” or “Puma”) is pleased to announce its 2023 ex
About this update from Puma Exploration Inc.
[{"type":"text","content":" RIMOUSKI, Quebec, May 25, 2023 (GLOBE NEWSWIRE) -- Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the “Company” or “Puma”) is pleased to announce its 2023 exploration strategy and objectives at its 100%-owned Williams Brook Gold Project in Northern New Brunswick, Atlantic Canada. The Company aims to build gold ounces at the Lynx Gold Zone (“LGZ”) and increase the gold inventory of the extensive property package. About 70% of Puma’s exploration budget will be deployed at the Lynx Gold Zone (“LGZ”), wherein 2021, 5.55 g/t Au over 50.15 m was intersected from surface, including two (2) main high-grade intercepts of 9.88 g/t Au over 8.60 m and 46.94 g/t Au over 3.85 m (see Sept. 15, 2021 News release). The remaining 30% of the budget will be directed on priority targets to identify new gold deposits on the entire 44,650-ha property package (Figure 1). The Company has received all work permits, including drilling permits, for its planned 2023 exploration programs. Figure 1. Main gold showings and occurrences at the Williams Brook Gold Project Puma’s President and CEO Marcel Robillard commented: “We continue to believe that the Williams Brook Gold Project is highly prospective for additional gold discoveries. Our work is focused on advancing exploration most efficiently and cost-effectively to prove that satellite gold deposits exist at Williams Brook and that the project has the potential to host millions of ounces of gold. We are committed to building a gold camp at Williams Brook and are excited about what lies ahead for Puma in 2023. “ The 2023 Exploration Program Located near the main highway, the Williams Brook Gold Project has excellent infrastructure access, facilitating exploration. The nearby towns of St-Quentin and Bathurst have a history of forestry and mining. The local communities support the industry and host a skilled labour force (Figure 2). Figure 2. Williams Brook Gold Project in Northern New Brunswick Puma has a long history in Northern New Brunswick. Having worked on projects in the region for more than 15 years. As a first mover, the Company quickly and strategically accumulated an impressive 60,554 ha of prospective gold landholdings in the area. Puma’s successful exploration methodology combines old prospection methods with detailed trenching to facilitate an understanding of the geology and related mineral...