The latest important discoveries on the Williams Brook Gold property are Visible Gold (VG) found at the
Highlights of the 2020 Exploration Program:
- Initial sampling of the “O’Neil Gold Zone” grading up to 128 g/t Au
- Discovery of many Visible Gold (VG) specks in quartz veins at the “Pepitos Zone” (results pending)
- Discovery of first Visible Gold (VG) in a quartz vein at the “Lynx Gold Zone” (results pending)
- Pervasive alteration of antimony and copper at the “Lynx and Chubby Zones”(results pending)
- First discovery of antimony with goethite, seen as strong association with known gold deposits
- District-Scale Airborne VTEM survey (2,900 km Lines) at the
Triple Fault Gold Project (in progress) - The O’Neil Gold Trend (OGT) extending over 5 km has never been drilled (2021)
- 2020 trenching program totaling 4,500 meters within 39 trenches
“Puma is in a strong financial position to begin 2021, after completing more than
O’Neil Gold Trend (OGT)
The O’Neil Gold Trend (OGT) is represented as a pervasive altered and brecciated rhyolite unit hosting significant gold showings and occurences followed by trenching over a strike length of 5.0 km. 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 (see Figure 1). Assays are still pending for the O’Neil, Pepitos, Lynx, Chubby, and Moose Zones.
Figure 1: O’Neil Gold Trend (OGT) Main Gold Zones is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d013b494-9216-4e67-8ac5-b63dcecb2f76
O’Neil Gold Zone (OGZ)
The O’Neil Gold Zone represents the first evidence of a high-grade gold potential at the
The 2020 exploration program led to the discovery of the highest gold sample assay with 128.0 g/t Au, collected from the main quartz vein, ranging from 30-50 cm in width, followed and sampled, so far, over 10 meters in length. The average gold grade of the samples of the vein is 30.86 g/t Au over 10 meters (128.0 g/t Au, 35.2 g/t Au, 18 g/t Au, 14.5 g/t Au, 10.25 g/t Au, 8.33 g/t Au and 1.74 g/t Au), and was estimated from chip and grab samples collected continuously every 1.5 meters on the main vein (see Figure 2).
Figure 2: O’Neil Gold Zone Main Showing is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/0fe48102-43b5-45fc-bc7a-0c6a09f289df
Figure 3: Pepitos Gold Zone Stripping is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/fc342cac-a547-402d-a5a3-bad12d893889
Figure 4: Mineralization at the Lynx Gold Zone is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/6ab5639b-ccee-4aee-8bfd-29c7851fea29
Favorable epithermal texture was also found at the
Figure 5: Mineralization at the Chubby Zone is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/368c24d0-18ba-414f-92f4-44d9769ba8ac
Figure 6: Trenching Operations at Chubby Zone is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/296bcc8c-19af-4a15-9c3e-a2023ae438e3
Figure 7: Comparison Between O’Neil Sample vs Chubby Sample is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/31451c23-89a9-404a-92f4-53609f025eb9
Figure 8: Trenching Operation at the Moose Gold Zone is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/4258e20a-eb60-4464-971b-ebe21a84c85d
TRIPLE FAULT GOLD PROJECT
Puma is currently focusing its field work on its first priority, the Williams Brook Gold property. The Williams Brook Gold property includes 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, gold occurrences grading up to 109.0 g/t Au, 50.8 g/t Au, 38,9 g/t Au in bedrock, numerous gold soil anomalies and extremely anomalous till samples with up to 508 gold grains that occur over an area approximately 12 by 3 kilometers.
There has been very limited drilling and exploration in the area mapped to be part of the
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Rock samples were bagged, sealed and sent to the facility of
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Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Puma to be materially different from actual future results and achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date the statements were made, except as required by law. Puma undertakes no obligation to publicly update or revise any forward-looking statements. These risks and uncertainties are described in the quarterly and annual reports and in the documents submitted to the securities administration.
Figure 1: O’Neil Gold Trend (OGT) Main Gold Zones
O’Neil Gold Trend (OGT) Main Gold Zones
Figure 2: O’Neil Gold Zone Main Showing
O’Neil Gold Zone Main Showing
Figure 3: Pepitos Gold Zone Stripping
Pepitos Gold Zone Stripping
Figure 4: Mineralization at the Lynx Gold Zone
Mineralization at the Lynx Gold Zone
Figure 5: Mineralization at the Chubby Zone
Mineralization at the Chubby Zone
Figure 6: Trenching Operations at Chubby Zone
Figure 6: Trenching Operations at Chubby Zone
Figure 7: Comparison Between O’Neil Sample vs Chubby Sample
Figure 7: Comparison Between O’Neil Sample vs Chubby Sample
Figure 8: Trenching Operation at the Moose Gold Zone
Trenching Operation at the Moose Gold Zone
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