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Puma Exploration Makes Another Gold Discovery at Its Williams Brook Gold Project – Grab* Samples Return 34.70 g/t Gold at Jaguar
RIMOUSKI, Quebec, Oct. 20, 2022 (GLOBE NEWSWIRE) -- Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the "Company" or "Puma") is pleased to announce that grab*
About this update from Puma Exploration Inc.
[{"type":"text","content":" RIMOUSKI, Quebec, Oct. 20, 2022 (GLOBE NEWSWIRE) -- Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the \"Company\" or \"Puma\") is pleased to announce that grab* samples collected at the new Jaguar Gold Zone (“JGZ”) at its 100%-owned Williams Brook Gold Project in Northern New Brunswick, have returned up to 34.70 g/t Au (Figure 1). High-grade gold mineralization at the Jaguar Gold Zone is found in altered rhyolite associated with pervasive pyrite mineralization (Figure 2). Other grab* samples returned significant values such as 18.30 g/t Au, 16.85, 16.30 g/t Au, 16.25 g/t Au, and 12.90 g/t Au. Gold mineralization occurs along a favourable rhyolite/sediment contact near a major fault and its subsidiaries. The JGZ hosts a gold-enrichment zone that spans 80 m by 50 m and remains open in all directions (Figure 3). The gold mineralization at the JGZ is associated with quartz-pyrite veinlets and could be as significant and widespread as that found at the Lynx Gold Zone. Today’s results indicate that gold mineralization at Williams Brook could be very extensive and that other gold-mineralized zones are expected within the 40,000-ha project. THE JAGUAR GOLD ZONE The Jaguar Gold Zone, located about 5 km northeast of the Lynx Gold Zone (“LGZ”), was briefly explored in 2008 by previous operators. At that time, soil anomalies and trenching identified gold mineralization at surface. Subsequent drilling returned 2.10 g/t Au over 9.00 m within a lower grade envelope of 0.52 g/t Au over 55.00 m in hole WB-08-03. No additional work was carried out until Puma stepped in in 2020. Puma trenched and stripped the JGZ this summer to follow up on the 2008 results (see Figure 3). Puma successfully applied its discovery model developed at the Lynx Gold Zone to this new property area. This systematic approach led to another gold discovery at the Jaguar Gold Zone with much higher gold grades than reported historically. Two hundred seven (207) samples were collected this summer at the JGZ with an average grade of 1.67 g/t Au. 59 samples assayed above 1.00 g/t Au (28.5%) and 35 samples between 0.10 g/t Au to 1.00 g/t Au (16.9%). One hundred (100) additional samples were collected recently and sent to the lab. Results will be announced when received. The work completed at the JGZ (see Image 1) is part of Puma’s ongoing strategy to build a potential gold c...