- New high-grade gold veins were intercepted with 20.67 g/t gold over 5.50 m, within 32.15 m of 3.80 g/t gold in WB23-142, and 10.81 g/t gold over 5.65 m and 9.91 g/t gold over 5.10 m within 98.05 m of 1.24 g/t gold in WB23-145.
- Holes WB23-140, -142, -144 and -145 demonstrate the continuity of gold mineralization at Lynx, with mineralized envelopes extending over impressive lengths grading respectively 0.92 g/t gold over 43.70 m, 1.25 g/t gold over 100.90 m, 0.95 g/t gold over 25.60 m and 1.24 g/t gold over 98.05 m.
- Hole WB23-140 returned 4.06 g/t gold over 3.25 m from 155 m, WB23-144 returned 6.60 g/t gold over 3.25 m from 158 m, and WB23-145 returned 1.01 g/t gold over 3.00 m from 246 m expanding the known mineralization at depth and opening another area of gold mineralization.
Additional high-grade gold shoots were intercepted underneath the high-grade gold veins sampled at surface, confirming our model of multiple stacked veins extending at depth. The gold shoots have now been confirmed to extend downhole to at least 250 m and over a strike length of at least 400 m. Of particular interest, a group of high-grade gold veins assayed 20.67 g/t gold over 5.50 m within a large section of 32.15 m grading 3.80 g/t gold in WB23-142, and also in WB23-145 where a section of 5.65 m returned 10.81 g/t gold and another graded 9.91 g/t gold over 5.10 m, within a broad intersection of 98.05 m at 1.24 g/t gold.
The gold mineralization at Lynx extends both laterally and at depth over impressive lengths, such as 100.90 m of 1.25 g/t gold in WB23-142 and 98.05 m of 1.24 g/t gold in WB23-145. These long intervals emphasize the continuity of the mineralization and indicate that gold is present outside the core of the high-grade gold shoots. This is good news for potential open pit mining scenarios and will positively impact the mineral resource estimation of the deposit.
Figure 1. Cross-section of Lynx gold area with today’s reported results
Hole WB23-140 intersected 6.70 m of 2.44 g/t gold starting at surface, followed by several high-grade intervals such as 3.95 m of 5.44 g/t gold and 3.25 m of 4.06 g/t gold at depth. Hole WB23-144 returned 6.60 g/t gold over 3.25 m from 158 m, and WB23-145 returned 1.01 g/t gold over 3.00 m from 246 m. Gold mineralization was still present at 249 m downhole depth, indicating that the system remains open. Today’s results expand the already wide distribution of the high-grade gold shoots, with mineralized intervals beginning at or near surface.
Puma’s President and CEO
”The first phase of our 2023 drilling campaign was a huge success, with many intersections showing metal factors exceeding 10 and up to 165, proving the robustness of the gold system. The drill rig is now being mobilized, and our technical team is excited to test new targets at Lynx, at depth and along strike with the second phase of our 2023 drilling program.” added
Figure 2. Pictures of Bonanza gold-grade core samples
Lynx Gold Zone Depositional Model
Samples of drill core with very high-grade gold veins were sent to an external consultant for petrographic (thin section) analysis to help characterize the gold system at the LGZ. The samples were also sent for additional XRF whole-rock geochemical analysis. Most of the holes drilled show pervasive sericitization with pyrite, tetrahedrite, sphalerite, galena, minor chalcopyrite, and malachite. Visible gold and associated potential bonanza-grade veins appear to be linked to the presence of carbonate alteration with elevated silver, bismuth, and base metals values (Cu-Pb-Zn).
A detailed mapping study in collaboration with Terrane Geoscience’s structural experts also indicates that the gold mineralization at the LGZ is associated with and controlled by extensional veins and breccias arranged in a ladder pattern.
The favourable contact at the LGZ appears to have acted as a major plumbing zone between sediment (turbidite) and felsic volcanic (rhyolite), with gold veins developing within the turbidite itself in contrast to the surrounding rock.
Dr.
Figure 3: Location of 2023 drill holes
Table 1. Assay results for holes WB23-140 to 145
DDH # | From (m) | To (m) | Length (m) | Au (g/t) |
WB23-140 | 3.30 | 159.15 | 155.85 | 0.42 |
incl, | 3.30 | 10.00 | 6.70 | 2.44 |
incl, | 4.00 | 7.00 | 3.00 | 5.21 |
and | 49.25 | 53.40 | 4.15 | 0.44 |
and | 85.90 | 86.50 | 0.60 | 1.76 |
and | 115.00 | 158.70 | 43.70 | 0.92 |
incl, | 115.00 | 133.30 | 18.30 | 1.43 |
incl, | 129.35 | 133.30 | 3.95 | 5.44 |
incl, | 129.35 | 130.25 | 0.90 | 21.50 |
and | 155.45 | 158.70 | 3.25 | 4.06 |
incl, | 155.45 | 156.45 | 1.00 | 10.75 |
and | 180.00 | 181.40 | 1.40 | 1.20 |
WB23-141 | 79.70 | 84.30 | 4.60 | 0.30 |
WB23-142 | 36.10 | 137.00 | 100.90 | 1.25 |
incl, | 58.85 | 91.00 | 32.15 | 3.80 |
incl, | 58.85 | 82.00 | 23.15 | 5.15 |
incl, | 58.85 | 69.30 | 10.45 | 11.21 |
incl, | 58.85 | 64.35 | 5.50 | 20.67 |
and | 67.50 | 69.30 | 1.80 | 1.86 |
and | 80.25 | 82.00 | 1.75 | 0.93 |
and | 90.70 | 91.00 | 0.30 | 9.61 |
and | 136.45 | 137.00 | 0.55 | 1.24 |
WB23-143 | INDIVIDUAL SAMPLE IN WB23-143 | |||
48.40 | 49.30 | 0.90 | 1.22 | |
77.00 | 77.85 | 0.85 | 2.44 | |
94.45 | 95.00 | 0.55 | 16.05 | |
WB23-144 | 72.85 | 178.60 | 105.75 | 0.32 |
incl, | 72.85 | 76.85 | 4.00 | 2.32 |
and | 72.85 | 73.65 | 0.80 | 6.88 |
and | 76.25 | 76.85 | 0.60 | 6.16 |
and | 153.00 | 178.60 | 25.60 | 0.95 |
incl, | 153.00 | 162.05 | 9.05 | 2.55 |
incl, | 158.80 | 162.05 | 3.25 | 6.60 |
incl, | 161.50 | 162.05 | 0.55 | 38.10 |
and | 177.65 | 178.60 | 0.95 | 1.12 |
WB23-145 | 79.85 | 251.00 | 171.15 | 0.74 |
incl, | 79.85 | 177.90 | 98.05 | 1.24 |
incl, | 80.35 | 109.25 | 28.90 | 2.26 |
incl, | 79.85 | 88.85 | 9.00 | 6.87 |
incl, | 80.35 | 86.00 | 5.65 | 10.81 |
incl, | 80.75 | 83.00 | 2.25 | 25.23 |
and | 105.30 | 107.80 | 2.50 | 1.41 |
and | 158.45 | 178.60 | 20.15 | 2.73 |
incl, | 169.65 | 174.75 | 5.10 | 9.91 |
incl, | 171.85 | 174.75 | 2.90 | 16.38 |
and | 246.00 | 249.00 | 3.00 | 1.01 |
All interval widths reported are along the core axis; true widths of the system are unknown.
Table 2. Coordinates of drill holes
DDH # | Station | Easting (m)* | Northing (m)* | Elevation (m) | Azimuth (°) | Dip (°) | Length (m) |
WB23-140 | L270E | 660343 | 5259458 | 387 | 260 | -45 | 218 |
WB23-141 | L270E | 660343 | 5259458 | 387 | 330 | -45 | 178 |
WB23-142 | L180E | 660287 | 5259359 | 388 | 338 | -46 | 236 |
WB23-143 | L340E | 660351 | 5259599 | 386 | 202 | -45 | 101 |
WB23-144 | L350E | 660388 | 5259550 | 386 | 260 | -46 | 197 |
WB23-145 | L250E | 660335 | 5259430 | 388 | 260 | -46 | 275 |
* Projection: UTM Nad83 zone 19 | Total: | 1,205 |
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- 121
Mining Investment London. UK November 20-21 . 2023
About the
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Since 2021 and with less than
Figure 4. Main gold showings and occurrences at the
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The technical information of this release was reviewed and approved by
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Figure 1. Cross-section of Lynx gold area with today’s reported results
Cross-section of Lynx gold area with today’s reported results
Figure 2. Pictures of Bonanza gold-grade core samples
Pictures of Bonanza gold-grade core samples
Figure 3. Location of 2023 drill holes
Location of 2023 drill holes
Figure 4
Main gold showings and occurrences at the Williams Brook Gold Project
2023 GlobeNewswire, Inc., source