Puma Exploration Reports High-Grade Gold (52.1 g/t Au) and Silver (95.5 g/t Ag) Assays from the Pepitos Zone on the Williams Brook Property, NB, Canada
2021-02-18 09:54 ET - News Release
RIMOUSKI, Quebec, Feb. 18, 2021 (GLOBE NEWSWIRE) -- Puma Exploration Inc., PUMA-TSXV, (the “Company” or “Puma”) is pleased to report assays results for the surface discoveries of Visible Gold (VG) at the Pepitos Gold Zone (see news releases 2020-11-12, 2020-11-19) as well as additional new results for the O’Neil Showing (see news releases 2020-09-01, 2020-09-22, 2020-10-01) on the Williams Brook Gold property.
Samples collected at the Pepitos Gold Zone from quartz veins (3) contain fine specks of Visible Gold (VG) graded respectively 52.10 g/t Au and 95.5 g/t Ag, 16.15 g/t Au and 58.0 g/t Ag, and 15.05 g/t Au. Other high-grade gold results received from the Pepitos Gold Zone include 13.10 g/t Au, 4.87 g/t Au, 3.94 g/t Au and 3.23 g/t Au (see Figure 1). All significant gold assays for the Pepitos Gold Zone and the O’Neil Gold Zone are listed in the Appendices 1 and 2.
Highlights and Current Status
- Pepitos assays grading : 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*
- O’Neil new assays grading : 32.8 g/t Au, 23.1 g/t Au, 16.9 g/t Au, 8.24 g/t Au, 6.14 g/t Au*
- Pervasive Silver-enrichment includes: 95.5 g/t Ag, 57.3 g/t Ag, 48.0 g/t Ag, 25.6 g/t Ag, 13.6 g/t Ag*
- The O’Neil Gold Trend (OGT) extending over 5 km has never been drilled
- District-scale Airborne VTEM survey of the Triple Fault Gold Project in progress (1,100km completed)
- Assays are pending from the Lynx, Chubby, and Moose Gold Zones
*Rock chip and grab samples are selective by nature and may not represent the true grade or style of mineralization across the property.
"We are very satisfied with the initial surface sampling at Pepitos Gold Zone which confirmed and expanded the continuous known high-grade gold system on the Williams Brook property. Since the initial discovery of the O’Neil high-grade gold system, the trenching and stripping program at Pepitos expanded the surface high-grade gold mineralisation for more than 75 meters. Furthermore, several high-grade silver veins were identified and could add significant value to the project," stated Marcel Robillard, President and CEO of Puma Exploration (PUMA TSX-V). "We are excited to have received the additional assays results for the Lynx Zone (see news release 2020-10-22) and the first set of assays for the Chubby and Moose Zones,” added Marcel Robillard.
Figure 1: Pepitos Gold Zone Location and Highligths
Figure 1 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c39ff7a4-10af-44d8-bd9c-424d5907b90f
The sampling program at the Pepitos Gold Zone confirmed the presence of silver-rich, polymetallic quartz veins on the Williams Brook property. These silver and polymetallic veins are an integral and representative part of the geological model interpreted to be at Williams Brook. Table 1 shows evidence of silver enrichment and polymetallic veins at the Pepitos Gold Zone.
Table 1: Selected Silver-Rich Polymetallic Results*