Puma Exploration Inc. (TSXV: PUMA | OTCQB: PUMXF) has provided an update on the ongoing 2,000m drilling programme at the Tiger Gold Zone at its 100% owned Williams Brook Gold Project in northern New Brunswick.
The Tiger Gold Zone (TGZ) is a new gold area discovered last year by applying the company’s successful discovery model. Positive initial drill core observations prompted the expansion of the programme.
15 holes with depths from 25 to 150m have been completed for a total of 875m and were drilled 425m from the Lynx Gold Zone.
All holes intersected the targeted favourable gold-bearing horizon of quartz veins / stockwork in altered sediment and gabbro units. Visible gold was observed in hole WB24-151 in a quartz vein in altered gabbro.
Further, the same pervasive alteration corridor characteristic of the Lynx Gold Zone (LGZ) is observed at Tiger.
“We are thrilled with what we see in the first 800m drilled so far at Tiger. The core exhibits the same pervasive alteration and mineralization characteristic of the Lynx Gold Zone. This further supports our belief that we are dealing with a large gold system and that the Lynx Gold Zone extends at least 1.5km along strike” commented Marcel Robillard, president, and CEO of Puma. “Following these observations, we have expanded our drilling programme by adding scouting drill holes along another 2km extension. With our exploration programme fully funded, our focus is to grow the scale and resource along the Lynx Gold Trend in 2024.”
The inaugural drilling programme at TGZ aims to prove the 1.5km northeast extension of the pervasive gold mineralized corridor of the LGZ and demonstrate a potential width increase. Drilling also aims to understand what controls gold mineralization at the TGZ and how this zone fits in the company’s current structural and lithological model.
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