brunswick exploration

Puma Launches Its 2021 Field Exploration Campaign at Williams Brook Gold Property in New Brunswick, Canada

 

Puma Exploration Inc., PUMA-TSXV, (the "Company" or "Puma") is pleased to announce the beginning of its 2021 field exploration campaign at its 100% owned Williams Brook Gold Property. The program will focus on the newly discovered O'Neil Gold Trend (OGT), where high-grade gold zones, straddling a well defined 7 km long airborne MAG signature, have been found (see news release 06052021).

 

The main objectives are to expand and better define the known high-grade gold zones discovered in the 2020 fall program and to identify additional gold mineralizations with our three (3) simultaneous strategic exploration phases described below. Puma's has already received the work permits for the following work programs, including for the drilling operations. The field work will be carried out by three (3) well trained professional crews already on site at Williams Brook. These programs are fully-funded.

 

  1) Definition Phase for the O'Neil Gold Zones  

 

Most of the exploration work this summer will be focused on the 650 m long corridor containing the high-grade gold zones and will include:

 
  • A large area of 200 m x 600 m will be cut, cleared and stripped. The targets is the favorable rhyolite/sediments contact which hosts the previously high-grade gold zones.
  •  
  • A first detailed ground IP survey over the Lynx and Pepitos Gold zones.
  •  
  • Detailed geological mapping and structural site characterization with the support of Terrace Geoschience Inc., a firm specialized in structural geology.
  •  
  • Systematical channel sampling of the stripped area.
  •  
  • A drone aerial overview to generate a more accurate geological map of the veins and structures of the stripped area.
  •  
  • The inaugural shallow drilling program on the Lynx, Pepitos and O'Neil Gold Zones in order to better define the structural features of the gold-bearing quartz veins and breccias to evaluate the possibility of a bulk sample later this year.
  •  
        
  High-Grade Selected Grab Samples Assays on the Prolific O'Neil Gold Trend (OGT)*:  
  
  O'Neil Gold Area (VG**):  
Pepitos Gold Area (VG**):  
Lynx Gold Area (VG**):  
Chubby Gold Area:  
Moose Gold Area:  
  128.5 g/t Au, 44.4 g/t Au, 38.8 g/t Au, 32.8 g/t Au, 23.1 g/t Au
52.1 g/t Au, 16.1 g/t Au, 15.0 g/t Au, 13.1 g/t Au, 4.87 g/t Au
 
241.0 g/t Au, 79.8 g/t Au, 74.2 g/t Au, 63.5 g/t Au, 58.4 g/t Au  
3.5 g/t Au, 1.2 g/t Au, 1.2 g/t Au, 0.45 g/t Au  
2.4 g/t Au, 2.1 g/t Au, 1.3 g/t Au, 1.1 g/t Au  
  
* Selected rock grab samples are selective by nature and may not represent the true grade or style of
** VG: Visible Gold
 

  2) - Discovery Phase on the OGT  

 

Many targets have been identified along the entire 7 km favorable horizon and will be better defined by stripping, trenching and sampling. Special attention will be given to a 3 km long target previously identified by the technical teams and confirmed by the recently completed VTEM survey. The exploration phase will be similar to the 2020 success program and will include:

 
  • One crew team will prospect the area in details.
  •  
  • A ground IP survey is scheduled over the best part of the fertile horizon.
  •  
  • A first phase of trenching and sampling to define the lower and upper contacts rhyolite/sediments.
  •  
  • Stripping and detailed sampling on any area showing alteration and quartz veining.
  •  

  3) - Grassroots Exploration Phase  

 

Puma has acquired, earlier this year, two large claim blocks tied onto the Williams Brook Property. A first phase of exploration will be completed on those two new blocks in addition with the new targets derived from the 2021 district-scale Mag-Em geophysical survey. The initial work will include:

 
  • Reconnaissance on site to verify the access.
  •  
  • Preliminary geological mapping and prospecting will be undertaken.
  •  
  • Rock samples will be analyzed by our XRF device for specific minerals assemblage and alteration signature as defined at the O'Neil Gold Trend.
  •  

Marcel Robillard, President and CEO commented : "We have worked very hard, during these pandemic days, to get all the mandatory permits allowing Puma to start immediately its 2021 field exploration campaign. Crews are on site and logistics are being finalized at our flagship Williams Brook Gold Property. We are very happy to go back to the discovery sites and are ambitious to report other exciting news in the near future."

 

  WILLIAMS BROOK GOLD PROPERTY AND THE O'NEIL GOLD TREND  

 

The Williams Brook Gold project is the flagship for Puma. It covers more than 30,000 hectares of favourable geological formations located 60 km west of the city of Bathurst, New Brunswick

 

There has been very limited drilling and exploration in this area mapped to be part of the Dunnage Zone hosting major gold deposits and gold occurrences in siluro-devonian rocks. It is now considered as an emerging gold exploration and development district of Atlantic, Canada

 

The O'Neil Gold Trend (OGT) is a pervasive altered and brecciated rhyolite unit hosting significant gold showings and occurences followed by trenching over a strike length of 7.0 km. The favourable rhyolite is similar and parallel to the structures hosting the "Williams 1" and "Williams 2" Gold Zones with selected drill results of 11.2 g/t over 2.8m, 2.1 g/t Au over 9.0m, and 1.0 g/t over 23m which is located 5 km to the northwest.

 

These trends are interpreted to be related to a major rifting in the New Brunswick Geological events and could represent a low sulphidation epithermal gold system. Along the OGT, the width of the altered horizon varies from 5 to 250 meters with an average apparent thickness of 150 meters. Numerous quartz veins, quartz veinlets, stockworks and breccias were observed mostly perpendicular to the major trend and contain the gold mineralization. The OGT where many gold zones were discovered during the summer 2020 exploration campaign has never been drilled.

 

  GRANT OF OPTIONS  

 

Puma, pursuant to its stock option plan and subject to regulatory acceptance, has granted an aggregate total of 1.6 million incentive stock options to certain directors, advisers and consultants of the company, vesting immediately. These options will be exercisable at a price of 25 cents per common share and will expire on May 18, 2023.

 

  QUALIFIED PERSONS  

 

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.

 

  QUALITY ASSURANCE/QUALITY CONTROL (QA/QC)  

 

Rock samples were bagged, sealed and sent to the facility of ALS CHEMEX in Moncton, New Brunswick where each sample is dried, crushed, and pulped. The samples were crushed to 70% less than 2mm, riffle split off 1kg, pulverise split to better than 85% passing 75 microns (Prep-31B). A 30-gram subsplit from the resulting pulp was then subjected to a fire assay (Au-ICP21). Rock sample ICP results with gold >1g/t were subjected to a metallic screening (Au-SCR24) 1kg pulp screened to 100 microns. Other screen sizes available. Duplicate 50g assay on screen undersize. Assay of entire oversize fraction.

 

  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. Great efforts will be made by the Company in the coming years to deploy its DEAR strategy (Development, Exploration, Acquisition and Royalties) in order to generate maximum value for shareholders with low shares dilution.

 

You can visit us on Facebook / Twitter / LinkedIn  
Learn more by consulting www.pumaexploration.com for further information on Puma.

 

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

 

  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.  

 

Images accompanying this announcement are available at

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/f977e345-c264-4918-b2a3-1c0632c12d96  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/80459611-a538-4f41-942b-d816481023ae  

 

  Primary Logo 

 

News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)
Gold bars with text: "5 Top Canadian Mining Stocks This Week."

Top 5 Canadian Mining Stocks This Week: Avanti Gold Gains 158 Percent on Misisi Settlement

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.

Statistics Canada released its June Labour Force Survey on Friday (July 11). The data indicated that 83,000 new jobs were added to the workforce, led by 34,000 new employees in the wholesale and retail trade category and a 17,000 worker rise in the healthcare and social assistance category.

In other positive news for the Canadian job market, the overall employment rate rose by 0.1 percent to 60.9 percent, while the unemployment rate declined by 0.1 percent to 6.9 percent.

Keep reading...Show less
Gold bar on nuggets with "5 Top Australian Mining Stocks" text overlay.

Top 5 Australian Mining Stocks This Week: Yandal Shares Double on Arrakis Drilling Results

Welcome to the Investing News Network's weekly round-up of Australia’s top-performing mining stocks on the ASX, starting with news in Australia's resource sector.

This week's top-performing stocks list is dominated by oil and gas companies, alongside gold and lithium companies.

In Australian mining news, the Fair Work Commission ruled that BHP (ASX:BHP,NYSE:BHP,LSE:BHP) must raise the wages of 2,200 workers at three coal mines in Queensland. The workers in question were employed indirectly through a hiring firm and were being paid significantly less than their peers working directly under BHP.

The case was brought by two worker's unions and based on the Same Job, Same Pay reforms made by the government last year. To align wages, the FWC ruled BHP must raise the labour hire employees' wages by AU$30,000 each.

Keep reading...Show less
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

Latest Press Releases

Related News

×