Puma drills 14.9 g/t gold over 3.6 metres at Williams Brook, New Brunswick

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Puma Exploration Inc. [PUMA-TSXV; PUMXF-OTCQB] reported results from its 2022 drilling program at its 100%-owned Williams Brook gold project in Northern New Brunswick.

Every hole intersected gold-bearing quartz veins with some returning additional high-grade intersections such as 14.90 g/t gold over 3.60 metres in hole WB22-96 and 10.96 g/t gold over 3.75 metres in hole WB22-91. High-grade intersections are typically included within a wider gold intersection such as 2.17 g/t gold over 25.10 metres in WB22-96 and 2.00 g/t over 21.95 metres in WB22-94.

The entire dataset collected from the 10,000-metre program is currently being interpreted and modelized to define the best drilling targets for the upcoming drill program at the Lynx Gold Zone. So far, three areas show high-grade gold mineralization. They are already confirmed as first priority drilling targets to verify the depth extension and the continuity of the mineralization found near the surface.

The Lynx Gold zone is open at depth and in all directions. It has only been drilled to a maximum depth of 75 metres vertical. All drilling assays and the gold-bearing structural analysis of the veins and faults will be compiled before resuming drilling to follow up on the highest gold areas confirmed in the 2022 Winter program. An external consultant is currently reviewing all the data, and the company is awaiting the final report. More information will be provided on drill targets once received.

Multiple quartz veins/veinlets and stockworks were intersected in the drilling, and most were associated with intensive and pervasive limonite alteration. The 3D modelling of the high-potential supergene gold enrichment (limonite alteration) is illustrated in Figure 2. The drilling has confirmed, so far, the supergene gold enrichment over a strike length of 750 metres, 75 metres wide and to a depth of 100 metres and is open in all directions.

Marcel Robillard, President and CEO, commented, “Our 2022 10,000 m drilling program at the Lynx Gold Zone was a great success and fulfilled all of our objectives. It confirmed the presence of a large and fertile hydrothermal/orogenic system at shallow depth and its continuity along strike. The program also allowed us to refine our geological model. Some of the drilling was specifically undertaken to better understand the stratigraphy and gain some insights on the characteristics of gold mineralization at the O’Neil Gold Trend. Over the coming weeks, the interpretation of these drilling results, combined with the ongoing surface exploration work on the property, will orient our next exploration program.

“The high-grade gold intersections in holes WB22-94 and WB22-96 are of particular interest as they confirm the extension of an enriched sector of the Lynx Gold Zone. This central sector has now been recognized over an area covering 10,000 square metres. Drilling confirmed that this fertile area contains multiple high-grade gold veins open at depth along a “Gold Enrichment” controlled by the intersection of a NW striking fault cutting the favourable sediment-rhyolite contact. Two more gold enrichment sectors with a similar attitude have also been identified at the Lynx Gold Zone,” added Robillard.

The Williams Brook Gold Project is comprised of 4 claim blocks covering more than 40,000 hectres in an established and mining-friendly jurisdiction, near paved roads and with excellent infrastructure in place.

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