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Puma Exploration Makes Another Gold Discovery - Trenching Returns 60.10 and 25.20 g/t Au at the Cougar Gold Zone
RIMOUSKI, Quebec, Nov. 02, 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, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the \"Company\" or \"Puma\") is pleased to announce that grab* samples collected at the Cougar Gold Zone (“CGZ”) at its 100%-owned Williams Brook Gold Project in Northern New Brunswick, have returned up to 60.10 g/t Au in an initial stripping program (Figure 1). The Cougar Gold Zone hosts high-grade gold in quartz veins discovered in three (3) small areas recently uncovered by stripping. Other grab samples returned 25.20 g/t Au, 5.76 g/t Au, and 3.17 g/t Au. Similarly, to the Lynx Gold Zone, the gold is found in quartz veins along a rhyolite-sediment contact. This fall’s stripping program at the CGZ aimed to test soil anomalies, trenching and one drill intercept of 54.20 g/t Au over 2.8 metres conducted by previous operators in 2008. *The reader is cautioned that grab samples are selective by nature and may not be representative of the true metal content of the mineralized zone. Marcel Robillard, President and CEO, commented, “Today’s results are very exciting. They confirm that another significant high-grade gold zone, similar to the Lynx Gold Zone, 4 km away, is present at Williams Brook. We conducted very little work here over the past 3 years, but the results from this initial small stripping program remind me of our first stripping at Lynx and our subsequent discovery success there.” “We’ve suspected that gold mineralization at Williams Brook is extensive and that many gold-mineralized zones are likely on the 46,000-ha project. We will continue to apply our successful formula to build the gold inventory here. Puma is well positioned to develop Northern New Brunswick’s newest gold camp,” added Marcel Robillard. THE COUGAR GOLD ZONE - A SECOND LYNX GOLD ZONE The Cougar Gold Zone is located about 4 km northeast of the Lynx Gold Zone and 1 km southeast of the newly discovered Jaguar Gold Zone (“JGZ”) (see October 20, 2022, News Release). It bears many similarities to the Lynx Gold Zone (“LGZ”), where Puma made its initial gold discovery in 2020. The gold is also found in quartz veins near a rhyolite/sediment contact. The CGZ likely represents another major felsic dome at Williams Brook. Gold mineralization occurs in high-grade gold veins within a larger altered/lower-grade envelope, with several grab* samples returning an...