|
HIGHLIGHTS:
- Significant coarse gold mineralization confirmed at the O’Neil Main Vein with the highest grade being 128.0 g/t Au compared to initial grade of 109.5 g/t Au.
- Significant increase in reported gold grades in most of the samples collected at the O’Neil Main Vein with metallic screen fire assay as compared to original fire assay.
- The average gold grade samples of the vein is increased to 30.86 g/t Au (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)*
- All samples from the O’Neil Showing were collected from bedrock.
- 309 samples collected during the first phase of trenching and ongoing prospecting programs are currently at the laboratories for Gold assays.
*Selected rock grab samples are selective by nature and may not represent the true grade or style of mineralization across the property.
Analyses were conducted on the rejects from the selected grabs samples of the O’Neil Showing and from other samples with initial results over 0.10 g/t Au to characterize the gold mineralization at
Table 1: O’Neil Showing Metallic Screen Results from selected grab sample rejects
Workorder | MN20147589 | MN20154363 | ||||||
Method | Au-ICP21 | Au-GRA21 | Au-AA26 | Au-AA26D | Au-SCR24 | Au-SCR24 | Au-SCR24 | Au Total Increased |
Analyte | Au | Au | Au | Au | Au (+) Fraction | Au (-) Fraction | Au Total | % |
g/t | g/t | g/t | g/t | g/t | g/t | g/t | with Coarse | |
Samples | 0,00 | 0,05 | 0,01 | 0,01 | 0,05 | 0,05 | 0,05 | Grain |
PA-20-16 | >10.0 | 21.00 | 8.54 | 7.97 | 159.5 | 8.26 | 18.00 | 218% |
PA-20-17 | >10.0 | 109.50 | 48,00 | 46.80 | 1505.0 | 47.40 | 128.00 | 270% |
PA-20-20 | >10.0 | 15.95 | 8.09 | 8.09 | 190.5 | 8.09 | 13.05 | 161% |
PA-20-21 | 2.71 | 2.71 | 1.55 | 1.54 | 8.41 | 1.55 | 2.10 | 135% |
PD-20-10 | 7.58 | 7.58 | 2.95 | 2.77 | 145.0 | 2.86 | 8.24 | 288% |
PD-20-14 | >10.0 | 12.7 | 4.39 | 4.48 | 32.6 | 4.44 | 5.86 | 132% |
A0753897 | >10.0 | 5.55 | 3.60 | 3.02 | 43.8 | 3.31 | 8.33 | 252% |
A0753898 | 2.94 | 2.94 | 0.63 | 0.56 | 14.4 | 0.60 | 1.74 | 290% |
A0753900 | 6.14 | 6.14 | 0.83 | 1.01 | 11.5 | 0.92 | 1.91 | 208% |
A0753901 | 3.57 | 3.57 | 1.65 | 2.15 | 29.9 | 1.90 | 3.70 | 195% |
A0753903 | 1.14 | 1.14 | 0.27 | 0.47 | 10.7 | 0.37 | 0.98 | 265% |
A0753904 | 7.38 | 7.38 | 5.83 | 5.75 | 124.5 | 5.79 | 14.50 | 250% |
A0753905 | 6.63 | 6.63 | 6.39 | 5.35 | 63.6 | 5.87 | 10.25 | 175% |
A0753906 | >10.0 | 38.8 | 11.15 | 12.55 | 274.0 | 11.85 | 35.20 | 297% |
A0753928 | 0.33 | 0.33 | 0.16 | 0.07 | 1.3 | 0.12 | 0.21 | 175% |
A0753929 | 0.45 | 0.45 | 0.20 | 0.07 | 0.9 | 0.14 | 0.18 | 129% |
A total of 309 rock samples, consisting of a mix of outcrops and boulders were collected on the property during the current second phase of exploration. Most of them are samples collected from the current trenching program. Results are pending and will be released once they become available.
Figure 1: O’Neil Showing Metallic Screen New Results Comparison:
https://www.globenewswire.com/NewsRoom/AttachmentNg/5691354c-86f7-4a22-a294-286dbea41118
O’NEIL GOLD ZONE (OGZ)
The first phase of the 2020 summer exploration program lead to the discovery of the Gold O’Neil Showing with the presence of a significant and pervasive Gold Trend over 2.0 km along the O’Neil Gold Zone (OGZ). The O’Neil Showing consists of an altered and brecciated rhyolite injected with quartz veins and quartz stockworks. The altered and brecciated rhyolite is open in all directions
The highest gold sample, grading 128.0 g/t Au, is part of the main quartz vein (ranging from 30-50 cm) followed and sampled, so far, over 10 meters in length. The average gold grade samples of the vein of 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)*, was estimated from chip and grab samples collected continuously every 1.5 meters on the main vein.
Following the hand and shovel cleaning of the main vein, surrounding quartz stockworks and veinlets within the rhyolite were found, sampled and reported respectively high grade gold of 16.90 g/t Au, 8.24 g/t Au, 6.14 g/t Au, 3.57 g/t Au, 2.2g/t Au and 1.14 g/t Au.
TRIPLE FAULT GOLD PROJECT
Puma is currently focusing its field work on its first priority, the
There has been very limited drilling and exploration in the area mapped to be part of the
QUALIFIED PERSONS
QUALITY ASSURANCE/QUALITY CONTROL (QA/QC)
Rock samples were bagged, sealed and sent to the facility of
ABOUT
You can visit us on Facebook / Twitter / LinkedIn
Learn more by consulting www.pumaexploration.com for further information on Puma.
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.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/5691354c-86f7-4a22-a294-286dbea41118
https://www.globenewswire.com/NewsRoom/AttachmentNg/0bc178ef-dc99-4836-85cf-470360bdf0a7
Source:
2020 GlobeNewswire, Inc., source