Puma Exploration Inc V.PUMA

Puma Exploration Mobilises Crew for Its 2023 Drilling

[AveragePenny]

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