asx tng

Puma Exploration Completes Property-Scale Airborne Radiometric Survey

 

Puma Exploration Inc. (TSXV: PUMA) (the "Company" or "Puma") is pleased to announce that it has completed a 2,185 line-km airborne radiometric survey that covers the entirety of its 20,000 ha Williams Brook Property in New Brunswick, Atlantic-Canada. The radiometric survey will help identify potassic alteration and potential associated gold mineralisation across the property.

 

  Figure 1: Heliborne Radiometric Survey in Progress at Williams Brook accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1bba7c7a-1639-43e7-86d4-0f4e407f965f  

 

In addition, building on the success of its inaugural drilling program, Puma extended its 2021 VTEM and magnetic survey to cover an additional 1,015 line-km over the new claims staked and optioned in 2021. The geophysical signature of Puma's major discovery of 5.55 g/t Au over 50.15 m along the O'Neil Gold Trend ("OGT") ( see Sept. 15, 2021 press release ) will be applied to the new VTEM data set to identify new prospective anomalies.

 

The compilation and analysis of the new VTEM data along with the radiometric survey, the latest assay results, and structural and surface mapping data will identify new drilling targets for Puma's upcoming 10,000 m drilling program.

 

  PAIRING GEOPHYSICS WITH THE LATEST DRILL RESULTS TO INFORM THE NEXT ROUND OF DRILLING  
This summer, Puma successfully drilled 2,300 m at Williams Brook and made a major discovery with 5.55 g/t Au over 50.15 m along the O'Neil Gold Trend ("OGT") within the inaugural drilling program which include continuous and extensive gold mineralisation from surface as 1.16g/t Au over 48.70 meters. High-grade gold mineralisation was found to occur along the prominent geophysical anomaly identified by the Winter 2021 survey, at the contact between rhyolite and sediments, in networks of brecciated quartz veins. 3D structural analysis of the quartz veins is being carried out to determine the orientation and dip of the high-grade gold-bearing veins to optimize future drilling operations.

 

The 2021 VTEM survey indicated that the OGT extends for over 7 km. The newly expanded survey will map the rhyolite and sediment contact across the 20,000 ha property. The geophysical signature of Puma's latest discovery will also be applied to the new data set to identify additional prospective targets across the land package.

 

  HIGH-RESOLUTION AIRBORNE RADIOMETRIC SURVEY  
Epithermal gold deposits range from thin quartz veins to large disseminated deposits located in various geological environments. They exhibit a wide range of geophysical signatures. Hydrothermal alteration in these deposits causes pronounced changes in the physical properties of rocks. Magnetic susceptibility and remanence decrease; potassium content commonly increases, causing an increase in radioactivity; electrical resistivity changes by up to two orders of magnitude; and density increases or decreases depending on the nature of the host rock and alteration processes.

 

Airborne radiometric surveys determine the natural radioactivity of near-surface rocks and soils using a gamma-ray spectrometer installed in a helicopter. They are useful in mapping the large potassic-alteration haloes of low sulphidation epithermal Au-Ag deposits that often extend over several square kilometres.

 

  Figure 2: Detailed Flight Path for the Entire Williams Brook Heliborne Geophysical Survey accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a073cff7-5591-4e65-9fc8-039db3e68e47  

 

  QUALIFIED PERSON  
Dominique Gagné, PGeo, independent qualified person as defined by Canadian National Instrument 43-101 standards, has reviewed and approved the geological information reported in this news release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Mr. Gagné is independent of the Company.

 

  ABOUT Puma Exploration 
 
Puma Exploration is a Canadian-based mineral exploration company with precious and base metals projects in early to advanced stages located in the Famous Bathurst Mining Camp (BMC) in New Brunswick, Canada. The Company is committed to its DEAR strategy (Development, Exploration, Acquisition and Royalties) to generate maximum value for shareholders with low share- dilution.

Connect with us on Facebook / Twitter / LinkedIn
 
Visit www.explorationpuma.com for more information or contact:

Marcel Robillard,
President, (418) 750-8510;
president@explorationpuma.com  

 

Mia Boiridy,
Head of Investor Relations and Corporate Development, (250) 575-3305; mboiridy@explorationpuma.com  

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

 

  Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Puma to be materially different from actual future results and achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date the statements were made, except as required by law. Puma undertakes no obligation to publicly update or revise any forward-looking statements. These risks and uncertainties are described in the quarterly and annual reports and in the documents submitted to the securities administration.  

 


  

 

 

News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)
Pilbara region, Western Australia, Australia.

Pilbara 2.0: Inside Australia’s Newest Gold Frontier

The Central Pilbara region of Western Australia is undergoing a quiet revolution that is rapidly reshaping the global gold exploration landscape.

Once dismissed as a technically challenging and geologically inconsistent terrain, Pilbara is now emerging as one of the world’s most exciting new gold frontiers and drawing serious attention from institutional investors, driven by transformative discoveries, a maturing geological model and a wave of junior explorers tapping into underexplored intrusive-hosted systems.

Anchored by the multimillion-ounce Hemi discovery — one of the most significant gold finds in Australia in over a decade — this region is not just proving its geological potential, but also demonstrating the kind of scale, consistency and margin profile that modern gold investors seek. As the discovery window remains wide open and valuations are still accessible, the Central Pilbara presents a rare opportunity for early exposure to what may become one of Australia’s next tier-one gold districts.

Keep reading...Show less
A mining truck within the outline of Australia's map on a clear day.

Is Australia on the Brink of a New Mining Super Cycle?

Mining remains as a cornerstone of Australia’s GDP and export earnings, but current global challenges such as trade disputes and price changes may be straining its foundations.

A recent FocusEconomics report tackled Australia’s resource wealth, tracing from the gold rushes of the 1850s to the iron ore and coal booms of the 21st century.

Keep reading...Show less
Kobo Resources Confirms Additional High-Grade Gold Mineralization at Kossou with 15.5 m at 2.3 g/t Au, incl. 8.3 m at 3.43 g/t Au; Outlines Next Phase of Exploration at Kossou

Kobo Resources Confirms Additional High-Grade Gold Mineralization at Kossou with 15.5 m at 2.3 g/t Au, incl. 8.3 m at 3.43 g/t Au; Outlines Next Phase of Exploration at Kossou

 
  •   High-grade gold intercepts highlighted by 15.5 m at 2.30 g/t Au, incl. 8.3 m at 3.43 g/t Au at the Road Cut Zone  
  •  
  •   Initial drilling on the gap between Jagger and Road Cut Zone confirms target structure, warrants further testing  
  •  
  •   Current drill phase complete; Geological modelling and planning underway for 15,000 m drill program expected to begin in H2 2025  
  •  

 

 Kobo Resources Inc. (" Kobo" or the " Company ") ( TSX.V: KRI ) is pleased to report additional diamond drill results from the Road Cut Zone at its 100%-owned Kossou Gold Project (" Kossou ") in Côte d'Ivoire. Results from these holes continue to strengthen the Company's understanding of the key structural controls that define this prospective target area.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Maritime Resources (TSXV:MAE)

Maritime Resources

Keep reading...Show less

Latest Press Releases

Related News

×