Makes Major Gold Discovery At Williams Brook Gold Property
Puma Exploration Inc. (TSXV-PUMA) has made a gold discovery with results from the six initial drill holes completed at its flagship Williams Brook Gold Project located in New Brunswick, the emerging new gold district of Atlantic, Canada.
Discovery hole WB21-02 intersected 5.55 g/t Au over 50.15m from surface. The mineralised and altered zone drilled includes two main high-grade intercepts of 9.88 g/t Au over 8.60m and 46.94 g/t Au over 3.85m. All the six first holes intersected significant high-grade gold quartz veins and quartz networks within the altered and mineralised rhyolite.
President and CEO, Marcel Robillard, said all 18 drill holes completed to date, testing the Lynx Zone have intercepted the mineralised and altered rhyolite unit. Drill core from 12 other holes has been sent to the lab and assays are pending. Following these excellent drill results, the company has recently decided to increase its planned campaign to 10,000m, up from the initial 2,000m
“We are all very excited about the initial assay results as they have far exceeded our expectations, especially with WB21-02 returning a metal factor of 278,” Mr Robillard said
“The drilling is validating the representativity of the high-grade gold samples collected at surface and the continuity of the mineralisation at depth and laterally.
“The additional results should improve our model as we continue to better understand the geometry of the mineralised envelope along this segment of the O’Neil Gold Trend (OGT), that remains open.
“The drill results, announced today, clearly demonstrates the tremendous gold potential of our Williams Brook Gold Project and confirms the appearance of a new gold district in New Brunswick, a mining friendly jurisdiction of Atlantic. Canada. It is no surprise that our technical team is anxious to begin the second phase of drilling to further test the easily accessible OGT and the other first priority targets,” added Mr Robillard.
The technical team is on site to proceed with trenching and stripping operations to extend the favorable contact between the altered rhyolite and the sediments along the entire O’Neil Gold Trend. A large grab sampling programme with detailed mapping of the favourable contact is in progress. A permanent crew with one excavator moves forward with exploration trenches in the entire area. Drill pads for the next core oriented drill campaign are also being prepared.
For further information please visit: https://explorationpuma.com/