Precious Metals

Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the "Company" or "Puma") is pleased to announce that it has launched a significant metallurgical study at its Williams Brook Gold Project following exceptional results from a preliminary metallurgical test conducted this past summer. Mineral processing recovered up to 99.7% gold from samples drilled in 2021 at the Lynx Gold Zone ("LGZ").

The larger-scale testing is designed to increase the representativity of the initial results and enhance the gold recovery at the Lynx Gold Zone. The expanded test will be instrumental in optimising Puma's ongoing development at the LGZ and will provide valuable data as the Company prepares for a bulk sample.

HIGHLIGHTS OF THE PRELIMINARY STUDY:

  • Gold recovery ranged from 98.7% to 99.7% ;
  • Simple gravity, using only a bench scale Knelson concentrator, recovered 92% gold ;
  • The head grade of low-grade material was calculated at 1.49 g/t Au vs 0.46 g/t Au (measured), indicating that a "nugget effect" is at play;
  • Recovery required little cyanide - only 0.19 kg/t to 1.98 kg/t for optimal recovery;
  • LGZ samples contain negligible arsenic and sulfur .

Puma contracted Research & Productivity Council ("RPC") from Fredericton, New Brunswick, an accredited laboratory, to conduct a preliminary recovery program on pulps and rejects from selected high-grade and low-grade drill core samples collected during its 2021 drilling campaign at the Lynx Gold Zone. Nearly 3,000 samples were processed, including 11 kg of high-grade quartz-rhyolite pulp samples, 9.5 kg and 6.5 kg of low-grade quartz-rhyolite pulp samples and low-grade quartz-rhyolite reject samples.

A centrifugal gravity concentration test was conducted on the homogenised low-grade reject samples. At a grind size of 100% passing 1.0 mm, a concentrate grading 35.0 g/t Au was produced in 3.9% of the mass to give a recovery of 92% Au . Also, the test head grade was calculated at 1.49 g/t Au whereas the material measured 0.46 g/t Au, indicating that the material is subject to the nugget effect.

A standard cyanidation extraction was also completed to maximise gold recovery. The high-grade rejects, low-grade pulps and low-grade rejects underwent bottle roll cyanidation. Gold recoveries were 99.7%, 98.7% and 99.2%, respectively. The full report will be available on Puma's website .

CURRENT EXPANDED METALLURGICAL PROGRAM

Drilling has confirmed that the Lynx Gold Zone hosts a significant gold system. Puma's expanded metallurgical program is designed to better define the quality of gold mineralisation at the Lynx Gold Zone, identify opportunities and potential challenges and further optimise recovery. The study will also provide Puma with a flowsheet (recipe) for processing a future bulk sample.

For this advanced study, the following material from the Lynx Gold Zone will be processed:

  • Samples from eight (8) new HQ holes drilled this fall;
  • Grab, chip and channel samples collected from 12 significant gold-bearing quartz veins uncovered during this fall's stripping operation.

HQ drill holes
Eight (8) HQ holes, for a total of 102 m, were drilled on three (3) main quartz veins (Figure1). Half of the core was sent to RPC for the recovery tests, and the other half was split and sent to the ALS Chemex lab for gold assaying. The core sent to RPC will be blended to make one (1) representative sample for each hole. The holes vary in length from 6 metres to 18 metres (see Table 1).

Figure 1. Location of the eight (8) HQ holes drilled at the LGZ

https://www.globenewswire.com/NewsRoom/AttachmentNg/4c620728-50b2-47c1-babb-af6bd91bc11a

Table 1. Coordinates of HQ holes

Hole UTM Nad83 Z19 EAST UTM Nad83 Z19 NORTH AZM (N) Dip (-) Length (m)
WB22-114 660263 5259312 360 90 6
WB22-115 660270 5259304 360 90 6
WB22-116 660274 5259305 350 80 9
WB22-117 660278 5259305 350 80 18
WB22-118 660280 5259306 360 90 18
WB22-119 660267 5259314 360 90 9
WB22-120 660271 5259348 360 90 18
WB22-121 660279 5259348 360 90 18

Surface sampling of quartz veins

To get a better representation of the mineralisation at the Lynx Gold Zone for the advanced recovery tests, Puma also sampled material from quartz veins uncovered at surface by this summer's stripping operation. Grab, chip and channel samples were collected from 12 large quartz veins (see Picture 1 and Figure 2) representing a strike length of over 600 metres at the Lynx Gold Zone. Samples from each vein were blended to represent that vein and sent to RPC. A total of twelve 45-gallon drums (one for each vein), totalling about 300 kg (600 lbs) each, were sent for testing.

Assay results are expected in 45-60 days, with the advanced metallurgical tests completed in 90-120 days. Results will be announced when received.

Picture 1. Typical quartz vein sampled at the LGZ

https://www.globenewswire.com/NewsRoom/AttachmentNg/5431434c-1fde-4136-b433-079a8eb6b325

Figure 2. Location of the 12 significant quartz veins sampled at the LGZ

https://www.globenewswire.com/NewsRoom/AttachmentNg/87c7653d-864d-4bff-8e3b-9fbf1ef696ed

ABOUT THE WILLIAMS BROOK GOLD PROJECT AND THE LYNX GOLD ZONE

The Williams Brook Gold Project is comprised of 6 claim blocks covering more than 46,000 ha in an established and mining-friendly jurisdiction, near paved roads and with excellent infrastructure in place (Figure 3).

FIGURE 3: The Williams Brook Gold Project

https://www.globenewswire.com/NewsRoom/AttachmentNg/83000917-a211-4344-804f-7bd06255d538

The Lynx Gold Zone is interpreted to be a mineralised felsic dome within a large epithermal/orogenic gold system part of the Appalachian Orogeny. The high-grade gold mineralisation is characterised by finely disseminated gold in quartz (veins, veinlets, stockworks, breccias) affected by pervasive supergene alteration. The stratigraphy of the dome is well-defined and typical: fine laminated turbidite-type sedimentary unit, rhyolite breccia with sedimentary fragments, massive rhyolite unit and sedimentary and volcano-clastic units. The contact between the sediment and the rhyolite allowed for the movement of gold-bearing fluids and is characterised by highly silicified iron oxide carbonates and intense sericite alteration. The Lynx Gold Zone was discovered in 2020 by high-grade surface samples and later recognised at depth in 2021 by hole WB21-02 that intersected 5.55 g/t Au over 50.15 m from surface, including two high-grade gold veins with 9.88 g/t Au over 8.60 m and 46.94 g/t Au over 3.85 m.

QUALIFIED PERSON
Dominique Gagné, PGeo, a qualified person as defined by Canadian National Instrument 43-101 standards, has reviewed and approved the geological information reported in this news release.

ABOUT Puma Exploration
Puma Exploration is a Canadian-based mineral exploration company with precious metals projects located near 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.


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

PUMA:CA
Puma Exploration

Puma Exploration


Keep reading...Show less
Puma Exploration Inc. Invites You to Join Us at the Deutsche Goldmesse in Frankfurt

Puma Exploration Inc. Invites You to Join Us at the Deutsche Goldmesse in Frankfurt

Puma Exploration Inc. (TSXV: PUMA) will be participating in the Deutsche Goldmesse, which will take place on November 18th and 19th at The Westin Grand Frankfurt.

Members of the Puma Exploration Inc. management will be taking meetings throughout the day, and also present at 16:00 CET on November 18th to an audience of European investors.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Puma Exploration Makes Another Gold Discovery - Trenching Returns 60.10 and 25.20 g/t Au at the Cougar Gold Zone

Puma Exploration Makes Another Gold Discovery - Trenching Returns 60.10 and 25.20 g/t Au at the Cougar Gold Zone

Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the "Company" or "Puma") is pleased to announce that grab* samples collected at the Cougar Gold Zone ("CGZ") at its 100%-owned Williams Brook Gold Project in Northern New Brunswick, have returned up to 60.10 gt Au in an initial stripping program (Figure 1).

The Cougar Gold Zone hosts high-grade gold in quartz veins discovered in three (3) small areas recently uncovered by stripping. Other grab samples returned 25.20 g/t Au, 5.76 g/t Au, and 3.17 g/t Au . Similarly, to the Lynx Gold Zone, the gold is found in quartz veins along a rhyolite-sediment contact. This fall's stripping program at the CGZ aimed to test soil anomalies, trenching and one drill intercept of 54.20 g/t Au over 2.8 metres conducted by previous operators in 2008.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Puma Exploration Makes Another Gold Discovery at Its Williams Brook Gold Project - Grab* Samples Return 34.70 g/t Gold at Jaguar

Puma Exploration Makes Another Gold Discovery at Its Williams Brook Gold Project - Grab* Samples Return 34.70 g/t Gold at Jaguar

Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the "Company" or "Puma") is pleased to announce that grab* samples collected at the new Jaguar Gold Zone ("JGZ") at its 100%-owned Williams Brook Gold Project in Northern New Brunswick, have returned up to 34.70 gt Au (Figure 1).

High-grade gold mineralization at the Jaguar Gold Zone is found in altered rhyolite associated with pervasive pyrite mineralization (Figure 2). Other grab* samples returned significant values such as 18.30 g/t Au , 16.85, 16.30 g/t Au, 16.25 g/t Au, and 12.90 g/t Au. Gold mineralization occurs along a favourable rhyolite/sediment contact near a major fault and its subsidiaries.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Puma Exploration Secures More Prospective Ground at Its Williams Brook Gold Project

Puma Exploration Secures More Prospective Ground at Its Williams Brook Gold Project

Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the "Company" or "Puma") is pleased to announce that it has strategically increased its land holdings by 7,391 hectares at its 100%-owned Williams Brook Gold Project in Northern New Brunswick (see Figure 1).

The Company staked two (2) contiguous claim blocks (the Northern Rocky Brook and Jacquet River properties) covering 340 claims northeast of Puma's current holdings and close to the Rocky Brook Millstream fault ("RBMF"). The RBMF stretches over 200 km and is a major control for gold deposition. Several major gold deposits from Maine to Ireland (Oceana Gold, New Found Gold, Marathon Gold, Dalradian Gold) occur close to similar orogenic faults or their subsidiaries.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Puma Exploration Shares Its Exploration Progress at Its Williams Brook Gold Project

Puma Exploration Shares Its Exploration Progress at Its Williams Brook Gold Project

Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the "Company" or "Puma") is pleased to provide a summary of its Summer 2022 Exploration activities and outline its Fall Program at its 100 %-owned Williams Brook Gold Project in New Brunswick, Atlantic Canada.

Photos (from left to right): Lynx Gold Zone, Stripping and trenching at Jaguar Gold Zones, HQ core

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Nevada Sunrise Disclosure on Investor Relations Agreements

Nevada Sunrise Disclosure on Investor Relations Agreements

Nevada Sunrise Metals Corp. ("Nevada Sunrise", or the "Company", formerly Nevada Sunrise Gold Corp.) (TSXV: NEV) (OTC: NVSGF) is pleased to disclose details of its investor relations agreements entered into in 2022 by the Company to create awareness of its exploration activities in Nevada as follows:

Nevada Sunrise Metals Corp. logo (CNW Group/Nevada Sunrise Metals Corporation)

  • Resource Stock Digest ("RSD"): The services provided by RSD to the Company relate to banner advertising. The Company is an RSD Website Sponsor at a cost of USD$10,000 per quarter, and had a Featured Company Banner on the RSD website in August 2022 and in September/ October 2022 , at a cost of USD$25,000 per instance. RSD conducts interviews with the Company and produces its own content that is distributed to RSD's subscriber base.

  • Investing News Network ("INN"): INN provides marketing services and an ongoing lead generation campaign, at an annual cost of CAD$20,000 until May 2023 . INN provides commodity-specific information and profiles issuers. The Company is featured on the INN website, and approximately once per quarter INN distributes one company-issued news release to its subscriber base. Under the current agreement, INN also conducts and publishes interviews with the Company.

  • CEO.ca: The Company subscribes to an Executive Advertising Package, which commenced in August 2022 for a 6-month term at a cost of CAD$95,000 . CEO.ca posts banner advertisements for Nevada Sunrise on the CEO.ca website, and the Company will be featured once during the term of the agreement as a sponsor of CEO.ca's Chairman's Briefing weekly newsletter. CEO.ca also distributes the Company's news releases and provides monthly updates regarding viewership on the CEO.ca website that is specific to Nevada Sunrise.

  • 51 Media Ltd.: The Company engaged 51 Media Ltd. and its principal Jason Powell in March 2022 to undertake corporate development, communications services and administrative duties at a cost of CAD$5,000 per month, for an unspecified term that can be terminated by either party at any time. 51 Media Ltd. communicates with analysts, brokers, investors and other investment professionals and assists in the ongoing maintenance of the Company's marketing materials, including its website.
About Nevada Sunrise

Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC , Canada , that holds interests in lithium, gold, copper and cobalt exploration projects located in the State of Nevada, USA .

Nevada Sunrise owns 100% interests in the Gemini and Jackson Wash lithium projects, both of which are located in Esmeralda County, NV. The Company owns Nevada water right Permit 86863, located in the Lida Valley basin, near Lida, NV.

The Company's key gold asset is a 20.01% interest at the Kinsley Mountain Gold Project ("Kinsley Mountain") near Wendover, NV. Kinsley Mountain is a joint venture with Copaur Minerals Inc. ("Copaur"), following the completion of a plan of arrangement between Copaur and the Company's former joint venture partner, New Placer Dome Gold Corp.  Kinsley Mountain is a Carlin-style gold project hosting a National Instrument 43-101 compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 g/t Au (4.95 million tonnes), and 117,000 inferred ounces of gold averaging 1.51 g/t Au (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t Au 1 .

1 Technical Report on the Kinsley Project, Elko County, Nevada, U.S.A., dated June 21, 2021 with an effective date of May 5, 2021 and prepared by Michael M. Gustin, Ph.D., and Gary L. Simmons, MMSA and filed under New Placer Dome Gold Corp.'s Issuer Profile on SEDAR ( www.sedar.com ).


Nevada Sunrise has the right to earn a 100% interest in the Coronado VMS Project, located approximately 48 kilometers (30 miles) southeast of Winnemucca, NV. The Company owns a 15% interest in the historic Lovelock Cobalt Mine and the Treasure Box copper properties, each located approximately 150 kilometers (100 miles) east of Reno, NV , with Global Energy Metals Corp. holding an 85% participating interest.

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

SOURCE Nevada Sunrise Metals Corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2022/25/c6324.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Optimum Ventures Ltd. Announces Entry Into Definitive Agreement to Acquire Alaska Mineral Claims

Optimum Ventures Ltd. Announces Entry Into Definitive Agreement to Acquire Alaska Mineral Claims

Optimum Ventures Ltd. ("Optimum" or the "Company") (TSXV:OPV), is pleased to announce that the Company has entered into a share exchange agreement dated November 24, 2022 (the " Agreement ") with all of the shareholders of 1309762 B.C. Ltd. (the " Vendor "), a privately held corporation incorporated under the laws of British Columbia, pursuant to which the Company has agreed to acquire all of the issued and outstanding common shares from the shareholders of Vendor in exchange for 3,000,000 common shares of the Company (" Optimum Shares ") subject to the terms and conditions set out in the Agreement (the " Transaction ") and the approval of the TSX Venture Exchange (the " TSXV ").

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Newrange and Great Panther Terminate Agreement to Acquire Coricancha Mine in Peru

Newrange and Great Panther Terminate Agreement to Acquire Coricancha Mine in Peru

(TheNewswire)

Newrange Gold Corp.

TSXV:NRG ) (OTC :NRGOF ) ( Frankfurt:X6C) Newrange Gold Corp. (" Newrange " or the " Company ") announces that it has signed a Mutual Termination Agreement with Great Panther Mining Limited ("Great Panther"), terminating the Share Purchase Agreement to acquire the Coricancha Gold-Silver-Copper-Lead-Zinc Mine in Central Peru

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Blue Star Gold Announces Closing of Non-Brokered Private Placement

Blue Star Gold Announces Closing of Non-Brokered Private Placement

Blue Star Gold Corp. (TSXV: BAU) (OTCQB: BAUFF) (FSE: 5WP0) ("Blue Star" or the "Company") announces that, subject to the final approval of the TSX Venture Exchange (the "Exchange"), it has closed its non-brokered private placement (the "Private Placement") issuing 4,000,000 common shares (each a "Share") at $0.25 per Share raising gross proceeds of $1,000,000.

The Shares are subject to a four-month and one day hold period expiring on March 25, 2023 pursuant to securities laws in Canada and, where applicable, the Exchange. The Company intends to use the proceeds for general exploration and working capital. No finder's fees were paid in connection with the Private Placement.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
VIZSLA SILVER TO MAKE STRATEGIC INVESTMENT IN PRISMO METALS AND RECEIVE ROFR ON THE PALOS VERDES CONCESSION

VIZSLA SILVER TO MAKE STRATEGIC INVESTMENT IN PRISMO METALS AND RECEIVE ROFR ON THE PALOS VERDES CONCESSION

Vizsla Silver Corp. (TSXV: VZLA) (NYSE: VZLA) ( Frankfurt : 0G3) (" Vizsla " or the " Company ") is pleased to announce it has entered into non-binding letter of intent (the " LOI ") with Prismo Metals Inc. (CSE: PRIZ) (" Prismo "), a company co-founded and advised by Dr. Peter Megaw . Pursuant to the LOI, the Company intends to make a strategic investment (the " Strategic Investment ") with a right of first refusal (the " ROFR ") to purchase the Palos Verdes project from Prismo (the " Project "), and 4,000,000 units of Prismo (the " Prismo Units "), for aggregate consideration of C$2,000,000 .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Vizsla Silver to Make Strategic Investment in Prismo Metals and Receive Right of First Refusal on the Palos Verdes Concession

Vizsla Silver to Make Strategic Investment in Prismo Metals and Receive Right of First Refusal on the Palos Verdes Concession

Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF) ("Prismo") is pleased to announce that it has signed a non-binding letter of intent (the "LOI") with Vizsla Silver Corp. (TSXV: VZLA) (NYSE: VZLA) (FSE: 0G3) ("Vizsla"). Pursuant to the LOI, Vizsla intends to make a strategic investment (the "Strategic Investment") for 4,000,000 units of Prismo (the "Prismo Units") for aggregate consideration of C$2,000,000 with Vizsla acquiring a right of first refusal (the "ROFR") to purchase the Palos Verdes project from Prismo (the "Project").

Transaction Highlights for Prismo

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×