TSXV:PUMA - Post Discussion
Post by
AveragePenny on Feb 09, 2023 11:38am
Puma Exploration Outlines Its Accomplishments and 2023
PUMA’S KEY ACCOMPLISHMENTS
- Proved, through drilling, the continuity of high-grade gold mineralization at the Lynx Gold Zone over a length of 750 m along strike, a width of 75 m and a depth of 100 m (remains open for expansion).
- Identified a series of high-grade gold shoots that plunge 25° to the northeast.
- Conducted a preliminary metallurgical test on samples drilled in 2021 that returned 92% gold recovery by gravity alone and up to 99.7% by floatation with minimal cyanidation.
- Initiated an advanced metallurgical test on twelve (12) quartz veins located at surface totalling 3,000 kg of material.
- Excavated 112 trenches spanning 17.1 km and collected 2,629 grab samples.
- Completed 2 distinct soil surveys (over 8 km2) and collected 2,686 soil samples.
- Discovered three (3) other gold zones kilometres away from Lynx confirming the potential for a gold camp at Williams Brook (Figure 1).
- Secured 100% ownership of more than 49,000 ha of prospective land in northern New Brunswick.
- Successfully fundraised and developed a loyal shareholder base with key institutional investors.
- Established partnerships with industry specialists to optimize exploration and development.
- Developed a low-cost exploration model – with only C$7M invested on site to date.
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