RIMOUSKI, Quebec, March 15, 2023 (GLOBE NEWSWIRE) -- Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the “Company” or “Puma”) is pleased to announce that drilling will begin shortly on its 100%-owned Williams Brook Gold Project in Northern New Brunswick, Atlantic Canada. A technical crew will be mobilized next week in preparation for the Company’s planned 2023 drilling program.
The first phase of drilling will focus on definition and expansion of the high-grade gold intercepts (see Table 1) and interpreted high-grade gold shoots at the Lynx Gold Zone (“LGZ”). The LGZ is Puma’s main area of focus. The zone currently covers 750 m of strike, a 75 m width, and has been defined to a depth of ~100 m.
Since 2021, Puma has systematically drilled 13,100 metres at the LGZ along the favourable rhyolite/sediment contact that hosts gold-bearing quartz veins. Recent data compilation has identified three main areas of gold enrichment with several potential high-grade gold shoots that plunge 25 degrees NE (see Figure 1). Extending these high-grade gold shoots at depth is Puma’s priority in the upcoming 2023 Drilling Program.
Table 1: High-grade gold intercepts targeted for the 2023 drilling program
| Hole ID | From (m) | To (m) | Length (m) | Au (g/t) |
| WB21-01 | 4.00 | 6.10 | 2.10 | 12.71 |
| WB21-02 | 0.00 | 50.15 | 50.15 | 5.55 |
| incl. | 7.20 | 10.20 | 3.00 | 8.33 |
| and | 13.70 | 15.80 | 2.10 | 28.52 |
| and | 45.60 | 49.45 | 3.85 | 46.94 |
| WB21-06 | 46.80 | 49.70 | 2.90 | 16.92 |
| WB21-16 | 80.00 | 88.35 | 8.35 | 5.11 |
| WB22-25 | 1.40 | 11.70 | 10.30 | 10.72 |
| WB22-26 | 21.25 | 26.50 | 5.25 | 5.13 |
| WB22-36 | 3.80 | 18.00 | 14.20 | 5.83 |
| WB22-57 | 2.70 | 15.00 | 12.30 | 4.30 |
| WB22-66 | 31.40 | 67.55 | 36.15 | 3.25 |
| incl. | 30.60 | 35.00 | 4.40 | 5.01 |
| and | 66.25 | 73.40 | 7.15 | 13.49 |
| WB22-91 | 6.55 | 10.75 | 4.20 | 9.84 |
| WB22-96 | 56.90 | 60.50 | 3.60 | 14.90 |
Marcel Robillard, President, and CEO commented: “The Lynx Gold Zone has significant expansion potential. Our upcoming drilling season will focus on confirming and expanding the interpreted high-grade gold shoots at depth and step-out drilling will add to the zone’s gold inventory. The Williams Brook Gold Project represents one of the hottest gold exploration plays in New Brunswick and we’re excited to further develop our asset in 2023.”
Figure 1: Interpreted high-grade gold shoots to be tested at the Lynx Gold Zone is available at:
#" Figure 1: Interpreted high-grade gold shoots to be tested at the Lynx Gold Zone Interpreted high-grade gold shoots to be tested at the Lynx Gold Zone
#" Figure 2: Lynx Gold Zone expansion drilling targets along a large magnetic anomaly Lynx Gold Zone expansion drilling targets along a large magnetic anomaly