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Puma Exploration Samples More High-Grade Gold* at the Jaguar Gold Zone
RIMOUSKI, Quebec, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the "Company" or "Puma") is pleased to announce up to 34.7
About this update from Puma Exploration Inc.
[{"type":"text","content":" RIMOUSKI, Quebec, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the \"Company\" or \"Puma\") is pleased to announce up to 34.70 g/t Au in grab samples* collected at the Jaguar Gold Zone (“JGZ”) this fall as part of the Company’s ongoing surface exploration program at its 100%-owned Williams Brook Gold Project in Northern New Brunswick. Results are consistent with widespread epithermal/orogenic gold systems, and Puma plans to extend stripping and launch an inaugural drill program at the JGZ in 2023. *The reader is cautioned that grab samples are selective by nature and may not represent the true metal content of the mineralized zone. Following the high-grade gold results from the initial stripping at the JGZ (see October 20, 2022 News Release), additional and systematic sampling was conducted this fall. A total of 98 additional samples were collected during this second phase of sampling. Sampling targeted the rhyolite/sediment contact with pervasive potassic-pyrite alteration and close to a major fault or its subsidiaries. Sixty (60) samples returned over 0.10 g/t Au. The entire 98 additional new samples show an average grade of 1.91 g/t Au. To date, a total of three hundred six (306) samples have been collected at the JGZ with an average grade of 1.72 g/t Au. Ninety-five (95) samples assayed above 1.00 g/t Au (31%). The gold-enrichment zone at the JGZ currently spans 80 m by 50 m and remains open in all directions. It is coincident with a large IP anomaly and holes drilled in 2008 by a previous operator (WB-08-03: 0.52 g/t Au over 55.00 metres, WB-08-04: 0.68 g/t Au over 41.00 metres and WB-08-05: 0.21 g/t Au over 64.00 metres) indicate that gold mineralization could be widespread and continue at depth. Marcel Robillard, Puma’s President and CEO, commented, “Our results at the Jaguar Gold Zone confirm that we have another significant area of gold mineralization on the property. We know we’re not dealing with only one gold deposit at Williams Brook. Our objective is to build a gold camp in this part of New Brunswick. We will continue to advance work at Jaguar with the same approach that has proven to be so successful at Lynx - more stripping, sampling and an inaugural drilling program in 2023 while we continue to prioritize the development of the Lynx Gold Zone.” Table 1: Grab* samples over ...