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Bullboard - Stock Discussion Forum Puma Exploration Inc PUMXF


Primary Symbol: V.PUMA

Puma Exploration Inc. is a Canada-based mineral exploration company. The Company has a portfolio of precious metals projects located near the Bathurst Mining Camp (BMC) in New Brunswick, Canada. It controls more than 70,000 hectares (ha) of prospective land in northern New Brunswick. Its projects include Williams Brook, Jonpol, Portage, TIMM, McCormack Brook South, Carleton, Rocky Fault... see more

TSXV:PUMA - Post Discussion

Puma Exploration Inc > Puma Exploration Mobilises Crew for Its 2023 Drilling
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Post by AveragePenny on Mar 15, 2023 10:38am

Puma Exploration Mobilises Crew for Its 2023 Drilling

RIMOUSKI, Quebec, March 15, 2023 (GLOBE NEWSWIRE) -- Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the “Company” or “Puma”) is pleased to announce that drilling will begin shortly on its 100%-owned Williams Brook Gold Project in Northern New Brunswick, Atlantic Canada. A technical crew will be mobilized next week in preparation for the Company’s planned 2023 drilling program.

The first phase of drilling will focus on definition and expansion of the high-grade gold intercepts (see Table 1) and interpreted high-grade gold shoots at the Lynx Gold Zone (“LGZ”). The LGZ is Puma’s main area of focus. The zone currently covers 750 m of strike, a 75 m width, and has been defined to a depth of ~100 m.

Since 2021, Puma has systematically drilled 13,100 metres at the LGZ along the favourable rhyolite/sediment contact that hosts gold-bearing quartz veins. Recent data compilation has identified three main areas of gold enrichment with several potential high-grade gold shoots that plunge 25 degrees NE (see Figure 1). Extending these high-grade gold shoots at depth is Puma’s priority in the upcoming 2023 Drilling Program.

https://www.globenewswire.com/news-release/2023/03/15/2627622/0/en/Puma-Exploration-Mobilises-Crew-for-Its-2023-Drilling-Program-at-the-Williams-Brook-Gold-Project.html

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