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Puma Exploration Samples 362 g/t Gold at Newly Optioned TIMM Gold Property
Strategic gold property located along national road, only 10km from St-Quentin and 25km west of Williams Brook Flagship property. High-grade gold structure, wit
About this update from Puma Exploration Inc.
[{"type":"text","content":" Strategic gold property located along national road, only 10km from St-Quentin and 25km west of Williams Brook Flagship property. High-grade gold structure, with initial surface sampling up to 362 g/t gold*. Mineralization hosted in similar quartz veins within sedimentary package. Similar depositional gold environment as Williams Brook Gold property. RIMOUSKI, Quebec, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Puma Exploration Inc. (TSX-V: PUMA, OTCQB: PUMXF) (the “Company” or “Puma”) is pleased to announce that it has entered into a property agreement to strategically increase its substantial gold landholdings at the Williams Brook Gold Project (Figure 1). The newly optioned TIMM Gold Property, with grab samples* grading up to 267 g/t gold and 362 g/t gold (Table 1), marks another step towards Puma’s development of a major gold camp in Northern New Brunswick. Figure 1: Puma’s assets and landholdings in Northern New Brunswick Marcel Robillard, President and CEO, commented, “Puma has an established relationship with local prospectors who frequently approach us with interesting properties. We saw an opportunity with the TIMM property. It is only 10 km from our St-Quentin facility, hosts the same rocks as Williams Brook, and work done by previous operators highlighted its potential. While waiting for the assay results of our 2023 drilling at Lynx, we completed our due diligence on the property with a preliminary surface exploration program. We are excited about the samples’ exceptional gold grades similar to the ones discovered at Lynx in 2021. This acquisition is part of our strategy to build a gold camp in the region, and we look forward to applying our successful discovery model at TIMM in the near future.” Table 1: Grab sample collected from the TIMM gold property Area/Target Sample UTM Nad83_X UTM Nad83_Y Lithology Au (g/t) Bonanza J026525 630753 5265348 Quartz vein 362.00 Bonanza J026503 630754 5265343 Quartz vein 267.00 Dome J026519 630708 5265231 Quartz vein 2.72 Dome J026523 630708 5265231 Quartz vein 4.76 Dome J026526 630708 5265231 Quartz vein 24.70 Dome J026801 630708 5265231 Quartz vein 9.47 Dome J026803 630708 5265231 Quartz vein 1.19 Dome J026805 630708 5265231 Quartz vein 1.57 Dome J026806 630708 5265231 Quartz vein 2.33 Dome J026809 630708 5265231 Quartz vein 0.17 T23-07 J026501 630682 5265099 Quartz vein 0.31 T23-07 J0265...