Drilling Highlights
- Fifteen (15) holes with depths from 25 to 150 m have been completed for a total of 875 metres.
- The holes were drilled 425 metres from the
Lynx Gold Zone (Figure 1). - 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 (Figure 2).
- The same pervasive alteration corridor characteristic of the LGZ is observed at Tiger (Figure 3).
“We are thrilled with what we see in the first 800 metres drilled so far at Tiger. The core exhibits the same pervasive alteration and mineralization characteristic of the
2024 Expanded drilling program at the
The inaugural drilling program at TGZ aims to prove the 1.5 km northeast extension of the pervasive gold mineralized corridor of the
Figure 1. Gold zones along the Lynx Gold Trend (LGT)
The reader is cautioned that grab samples are selective by nature and may not represent the true metal content of the mineralized zone.
Geophysical and geochemical surveys previously identified a series of targets along the Lynx Gold Trend, which were followed up by limited trenching by previous operators. Last year, Puma discovered a new prospective area, the
“We are so excited and encouraged about what we see in the core at Tiger that we decided to test the favourable contact along another 2 km. We’ll be drilling step-out shallow holes along the Lynx Gold Trend to test the presence of gold mineralization up to 4 km away from Lynx. This preliminary scout drilling and continued systematic surface exploration work will enable us to prove the extent of the gold mineralized zone. Our drilling at Tiger shows that the system extends at least 1.5 km along strike, and we’ll continue to successfully extend the zone with our tried and true exploration methods,” said
Figure 2. VTEM mag survey with core drilled at the
Figure 3. Visual comparison of core from the Lynx and Tiger Gold Zones
More about the
In 2023, surface exploration work along the Lynx Gold Trend expanded the TGZ, located 350 m away from the LGZ, thereby confirming the presence of gold mineralization at surface over more than 1.5 km along strike. Four (4) sizeable mineralized quartz veins-oriented W-NW discovered at the TGZ returned significant high-grade gold results, including 19.90 g/t gold and 14.50 g/t gold, and confirmed that high-grade gold mineralization is continuous within the pervasive hydrothermal alteration corridor seen at surface. The current program confirms the shallow depth extension at Tiger and that the gold mineralized corridor is open along strike and at depth.
About the
Puma's flagship
Puma’s successful exploration model returned, amongst others, 5.50 g/t gold over 50.15 m in hole WB21-02 (see Sept.15, 2021, News Release), 2.77 g/t gold over 42.80 m in hole
Since 2021 and with less than
Dr.
These other deposits are known for their structure-controlled mineralization, metal zoning, free gold in bonanza shoots and kilometre scale depth extent. The similarities to these more comprehensively explored deposits gives real confidence to deeper drilling in the
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On-Site Quality Assurance/Quality Control (“QA/QC”) Measures
Drill core and surface samples are bagged, sealed and sent to
About
Puma’s successful exploration methodology combines old prospecting methods with detailed trenching and up-to-date technology such as Artificial Intelligence (“AI”) to facilitate an understanding of the geology and associated mineralized systems. Armed with geophysical surveys, geochemical data and consultants’ expertise, Puma has developed a perfect low-cost exploration tool to discover gold at shallow depths and maximize drilling results.
The Company is also committed to deploying its DEAR strategy (Development. Exploration. Acquisition. and Royalties) to generate maximum value for shareholders with low share dilution.
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Visit www.explorationpuma.com for more information or contact:
president@explorationpuma.com
mboiridy@explorationpuma.com
Neither the
Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve several known and unknown risks, uncertainties, and other factors that 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. The quarterly and annual reports and the documents submitted to the securities administration describe these risks and uncertainties.
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Figure 1. Gold zones along the Lynx Gold Trend (LGT)
Gold zones along the Lynx Gold Trend (LGT)
Figure 2. VTEM mag survey with core drilled at the Tiger Gold Zone
VTEM mag survey with core drilled at the Tiger Gold Zone
Figure 3. Visual comparison of core from the Lynx and Tiger Gold Zones
Visual comparison of core from the Lynx and Tiger Gold Zones
2024 GlobeNewswire, Inc., source