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Puma Exploration Reviews 2023 Accomplishments and Outlines Plans for 2024
RIMOUSKI, Quebec, Jan. 17, 2024 (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, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the \"Company\" or \"Puma\") is pleased to outline its key accomplishments and discoveries in 2023 and present its proposed 2024 Exploration Program at its 100% owned Williams Brook Gold Project located in Northern New Brunswick. Marcel Robillard, President and CEO of Puma, stated: “2023 was another extraordinary year for Puma. We successfully fulfilled our objectives: we proved that mineralization at the Lynx Gold Zone (“LGZ”) extends to depth; we validated and refined our exploration discovery model and demonstrated that the LGZ extends at least 3 km northeast. We managed this under very difficult market conditions. I want to thank Puma’s technical team for its ongoing adaptability and our supportive shareholders who recognize the value of our low-cost, high-return exploration method. On the heels of a successful raise at the end of 2023, our team is excited to launch our 2024 exploration program and continue to build volume and scale at Williams Brook.” Rejean Gosselin, Puma’s Executive Chairman, added, “Our 2023 drilling delivered high-grade gold results, with many intersections showing robust metal factors - up to 165! This continues to highlight the potential scale and calibre of the Williams Brook Gold Project. A sizeable orogenic kilometre-wide and deep gold system, similar to Fosterville, is possible here, and we’ll continue to diligently apply our discovery model to build the resource. Pay attention to Puma; we have lots in store for 2024!” 2023 Highlights: Williams Brook Positive metallurgy: Initial metallurgical testing revealed the rock at the Lynx Gold Zone (“LGZ”) is non-acid-generating and that 92% of the gold can be recovered by gravity alone. Puma received the permit for 4,000 T bulk sampling at the LGZ. Grab samples on newly identified gold-bearing quartz veins graded up to 288.00 g/t gold. A new gold showing, the Tiger Gold Zone, was discovered 350 m from the LGZ along the Lynx Gold Trend and returned 19.90 g/t gold and 14.50 g/t gold, confirming continuous high-grade gold mineralization over 1.5 km. A new prospective area, the Cheetah Gold Zone (“CHGZ”), was discovered 3km along strike from the Tiger Gold Zone, returning 6.69 g/t gold in initial trenching operations. The 24 holes (3,475 m)...