Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

High-Grade Gold Discovered Near-Surface at New Brunswick Project

Jon Brown Jon Brown, Stockhouse
0 Comments| May 2, 2022

{{labelSign}}  Favorites
{{errorMessage}}


(First 2022 drilling results at the OGT via Puma Exploration Inc. Click to enlarge.)


Click to enlarge


Canadian-based mineral exploration company Puma Exploration Inc. (TSX-V: PUMA, OTC: PUXPF, Forum) has discovered a near-surface high-grade gold intersection in holes WB22-25, WB22-26 and WB22-36 on the Williams Brook Project, located on the western edge of the Bathurst Mining Camp.

These new discoveries extend by more than 300 metres to the northeast the first gold discovery made at the O’Neil Gold Trend (OGT) in 2021.

Puma Exploration’s CEO, Marcel Robillard called these first results very exciting in a media release on this news, noting that every hole intersected gold mineralization, and hole WB22-25 is one of the most impressive, with more than 34 g/t gold over three metres.

“That hole contains the highest individual gold grade since the beginning of drilling in 2021, with 183 g/t Au over 0.50 metres. We are systematically building our model and demonstrating again, step by step, the gold potential of the O’Neil Gold Trend and the entire Williams Brook Project.”

Following the success of the initial drilling program, the 2022 drilling campaign has been designed to confirm the extent at shallow depth of the alteration and mineralization found at surface along the OGT.

Recent results include the first 19 holes for 2,389 metres of the ongoing 10,000 metres 2022 drilling campaign. The holes tested a segment of approximately 200 metres to the northeast and along strike of the 2021 OGT drilling campaign which returned several high-grade gold sections. Results from an additional 2,000 metres of drilling are expected shortly.


(Example of pervasive alteration and mineralization via Puma Exploration Inc. Click to enlarge.)

Since drilling began in late January, more than 37 holes for 4,300 metres have been completed.

Focusing its efforts on the discovery of precious metals ore bodies near the famous Bathurst Mining Camp in New Brunswick, Puma’s technical team estimates that the 10,000-metre drilling campaign will be completed in June, after which the 2022 field exploration program will begin over the entire property.


(Puma Exploration Inc. stock chart – April 2021 to April 2022. Click to enlarge.)

Puma stock is up 59% than it was this time, last year.

With sufficient money in the treasury, this company is working in one of the best jurisdictions with all key infrastructure in close proximity (road, port, airport and qualified workforce). Puma was the first mover in the area that is fast becoming the newest gold camp in Atlantic Canada. Having explored for base metals in the Bathurst camp for more than 18 years, the company is now focused on gold, and spun off its copper assets last year to the benefit of its shareholders.

Puma Exploration’s long-term vision is to build a gold resource at Williams Brook. The team leading the company wants to make sure that the proper work is done to bring Puma to the next level with less dilution as possible.


To keep up with regular updates, visit explorationpuma.com.


FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.



{{labelSign}}  Favorites
{{errorMessage}}

Comments

No comments yet. Be first to comment!

Leave a Comment

You must be logged in to be able to post a comment.

Get the latest news and updates from Stockhouse on social media

Follow STOCKHOUSE Today