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Puma Exploration Outlines Its Accomplishments and 2023 Exploration Plans at the Williams Brook Gold Project
RIMOUSKI, Quebec, Feb. 09, 2023 (GLOBE NEWSWIRE) -- Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the "Company" or "Puma") is pleased to outline its key acc
About this update from Puma Exploration Inc.
[{"type":"text","content":" RIMOUSKI, Quebec, Feb. 09, 2023 (GLOBE NEWSWIRE) -- Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the \"Company\" or \"Puma\") is pleased to outline its key accomplishments and discoveries made at its Williams Brook Gold Project in 2022 and present its 2023 Exploration Program. Marcel Robillard, President and CEO of Puma, stated: “In only 2 years, we have identified 4 separate high-grade gold zones at surface with significant room for expansion in one of the best jurisdictions in Canada. We’ve grown Puma’s market cap from C$5M to C$30M with only C$7M of exploration investment. Our tried and true exploration methodology has shown that the mineralization at the Lynx Gold Zone extends 750 m along trend and to a depth of about 100 m, and is open both laterally and at depth. Our 2022 discoveries, the Jaguar, Cougar and Panthera Gold Zones likely represent additional gold areas on our large land package. The potential of the Williams Brook property is significant and we will continue to add gold discoveries to its inventory as we work towards defining a resource at Lynx.” PUMA’S KEY ACCOMPLISHMENTS Proved, through drilling, the continuity of high-grade gold mineralization at the Lynx Gold Zone over a length of 750 m along strike, a width of 75 m and a depth of 100 m (remains open for expansion). Identified a series of high-grade gold shoots that plunge 25° to the northeast. Conducted a preliminary metallurgical test on samples drilled in 2021 that returned 92% gold recovery by gravity alone and up to 99.7% by floatation with minimal cyanidation. Initiated an advanced metallurgical test on twelve (12) quartz veins located at surface totalling 3,000 kg of material. Excavated 112 trenches spanning 17.1 km and collected 2,629 grab samples. Completed 2 distinct soil surveys (over 8 km2) and collected 2,686 soil samples. Discovered three (3) other gold zones kilometres away from Lynx confirming the potential for a gold camp at Williams Brook (Figure 1). Secured 100% ownership of more than 49,000 ha of prospective land in northern New Brunswick. Successfully fundraised and developed a loyal shareholder base with key institutional investors. Established partnerships with industry specialists to optimize exploration and development. Developed a low-cost exploration model – with only C$7M invested on site to date. Figure 1. Main Gold ...