- Puma Exploration (TSXV:PUMA) has begun its Phase 1 drilling program at the Williams Brook Gold Project in New Brunswick.
- The program will focus on the Lynx Gold Zone and is slated for a minimum of 6,000 metres
- An initial 15 holes for 2,000 metres will be drilled to expand beyond 100 metres in depth
- Shares of Puma Exploration (TSXV:PUMA) are unchanged at $0.14 as of 10:28 a.m. ET
Puma Exploration (TSXV:PUMA) has begun its Phase 1 drilling program at the Williams Brook Gold Project in New Brunswick.
The Rimouski, Quebec, mining exploration company said in a news release that the fully funded 2023 program will focus on the Lynx Gold Zone and has three core objectives:
- extending the continuity of the Lynx Gold Zone at depth and along strike
- validating and refining the existing geological model
- corroborating its current geophysical pathfinder tool
An initial 15 holes for roughly 2,000 metres will be drilled to expand beyond 100 metres in depth.
Marcel Robillard, CEO of Puma, explained that the program will mainly test the extension at depth of the high-grade gold shoots identified from the company’s previous drilling programs.
“It will also verify a series of targets generated by our ongoing data compilation and analysis that were never drilled before,” Robillard said. “We anticipate our 2023 drilling program will significantly increase the Williams Brook gold inventory and add value for our shareholders.”
The Williams Brook Gold Project spans 44,650 hectares of prospective gold in northern New Brunswick. Since 2021, the company has made four gold discoveries: the Lynx, Cougar, Jaguar and Panthera Gold Zones.
Shares of Puma Exploration are unchanged at $0.14 as of 10:28 a.m. ET.
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