Figure 1: Current Drilling in Progress at Lynx Gold Zone is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e7e7e557-22de-4a2f-9b0a-59d1b7b82f29
To date, four (4) holes, totalling 524.5 meters, drilled along within the same section N155 and collared over the high-grade gold mineralization at the
Figure 2: Location of the Drill Section N155 at Lynx Gold Zone is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1a30fe58-d731-4229-b892-95c0e0cf8f41
Puma notes that the logging and sampling are currently in progress. There is no certainty that the assays will reflect the current visual observation, but the core pulled out from the ground are similars to the surface stripping observations.
Figure 3: Altered and Brecciated Sediments and Rhyolite in Drillhole WB21-03 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/094c2f73-fa0e-4b60-b062-522d935208ad
Figure 4: Typical Quartz Vein and Brecciated Rhyolite Encountered in the 2021 Drillholes is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/845d6004-9043-4f46-8eb7-26eedf578522
REVIEW OF PREVIOUS FIELD REPORTS
Following a detailed review of historical reports to identify the drilling pattern used by the previous operators, the technical team highlighted a diamond drill program done in 2008 by Blue Note Mining. At the time of the release, Blue Note Mining reported an interval of 11.16 g/t Au over 2.8 meters (hole WB08-11).
The initial assay (FA) assay results for a 0.50 meter (24.3-24.8m) interval in this intersection returned a value of 501 g/t Au and was re-assayed at 269 g/t Au. A third assay, using metallic screen returned 24.5 g/t Au. The latest result has been used for the calculation of the weighted average grade of the 2.8 meters intercept at 11.2 g/t Au. If the average of the 3 results was used instead of the lower one, the overall intercept of the hole WB08-11 would has been 54.1 g/t overs 2.8 meters within a broader zone of 23.8 g/t Au over 6.4 meters.
The Hole WB08-11 was drilled at the
O’NEIL GOLD TREND (OGT)
The O’Neil Gold Trend (OGT) is a pervasive altered and brecciated rhyolite unit hosting significant gold showings and occurences followed by trenching over a strike length of 700 meters. The geophysical signature of the OGT is expressed over 7km. The favourable unit (rhyolite) is similar and parallel to the structures hosting the “Williams 1” and “Williams 2” Gold Zones with selected drill results of 11.2 g/t over 2.8m, 2.1 g/t Au over 9.0m, and 1.0 g/t over 23m.
These trends are interpreted to be related to a major rifting in the New Brunswick Geological events and could represent a low sulphidation epithermal gold system. Along the OGT, the width of the altered horizon varies from 5 to 250 meters with an average apparent thickness of 150 meters.
Numerous quartz veins, quartz veinlets, stockworks and breccias were observed mostly perpendicular to the major trend and contain the gold mineralization. The OGT has never been drilled and many gold zones were discovered during the summer 2020 exploration campaign.
High-Grade Selected Grab Samples Assays on the Prolific O’Neil Gold Trend (OGT)*:
O’Neil Gold Zone (VG**): | 128.5 g/t Au, 44.4 g/t Au, 38.8 g/t Au, 32.8 g/t Au, 23.1 g/t Au | |
52.1 g/t Au, 16.1 g/t Au, 15.0 g/t Au, 13.1 g/t Au, 4.87 g/t Au | ||
241.0 g/t Au, 79.8 g/t Au, 74.2 g/t Au, 63.5 g/t Au, 58.4 g/t Au | ||
3.5 g/t Au, 1.2 g/t Au, 1.2 g/t Au, 0.45 g/t Au | ||
2.4 g/t Au, 2.1 g/t Au, 1.3 g/t Au, 1.1 g/t Au |
* Selected rock grab samples are selective by nature and may not represent the true grade or style
** VG: Visible Gold
QUALIFIED PERSONS
QUALITY ASSURANCE/QUALITY CONTROL (QA/QC)
Rock samples were bagged, sealed and sent to the facility of
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Figure 1
Current Drilling in Progress at Lynx Gold Zone
Figure 2
Location of the Drill Section N155 at Lynx Gold Zone
Figure 3
Altered and Brecciated Sediments and Rhyolite in Drillhole WB21-03
Figure 4
Typical Quartz Vein and Brecciated Rhyolite Encountered in the 2021 Drillholes
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