Puma Exploration Inc, a Canadian mineral exploration company provided updates on its 10,000 m diamond drilling program that is in progress at its Williams Brook Gold Project in New Brunswick, Atlantic-Canada.
Current drilling program at the OGT. Image Credit: Puma Exploration Inc.
The goal of the 2022 drilling program is to test the O’Neil Gold Trend (OGT) along its 750 m strike length and verify the depth extension of the high-grade gold discovered by surface exploration.
So far, 11 holes have been drilled for a total of 965 m. Those holes were collared between 100 to 200 m northeast of the Lynx Gold area, where an extensive gold mineralized zone was determined by drilling last summer, inclusive of an intersection of 5.55 g/t Au over 50.15 m in hole WB 21-02.
Highlights of the Current Drilling Program
- Till now, 11 holes have been completed for a total of 965 m
- A total of 681 core samples have been transferred to the laboratory for gold assaying
- The holes are situated between 100 and 200 m from the area drilled in 2021
- All holes intersected, over core lengths of 25 to 50 m, the targeted favorable gold-bearing horizon of quartz veins and quartz stockwork in altered sediment and rhyolite
- Visible gold was noted in hole WB22-19 in a quartz vein in altered sediment at the contact with the rhyolite
- Hole WB22-26 intersected the full lithological sequence from top to bottom; Rhyolite and Black Shale (footwall), Sediment (hanging wall)
- Hole WB22-29 intersected a 20 m-thick continuous quartz vein or breccia system, the thickest intersected so far at the OGT
- Preliminary observations indicate that the targeted horizon dips 30 to 40° which is ideal for a possible open-pit operation
Upon initial visual inspection, the newly completed drill holes exhibit the same mineralized quartz veins and stockwork, such as visible gold, at the contact of the altered and brecciated rhyolite and sediments that were noted and sampled on the surface and that was sectioned in the Company’s inaugural 2021 drill program.
A sum of 681 core samples have been sent to the laboratory, and results will be issued when received.
We are extremely pleased with how drilling is progressing. The visual is exceptional on preliminary inspection of the core with pervasive mineralization and alteration over significant width and impressive strike length.
Marcel Robillard, President and CEO, Puma Exploration Inc.
Robillard added, “So far, we’ve only completed about 10% of our diamond drilling program at the O’Neil Gold Trend. We have many priority targets still to test, but our work to date indicates that Williams Brook has the potential to become a major gold find in New Brunswick.”
The coming months will be exciting for Puma as we are looking forward to assay results from the final batch of surface samples from our fall exploration program and the first core assay results from our ongoing 2022 drilling campaign.
Réjean Gosselin, Executive Chairman, Puma Exploration Inc.
Gosselin added, “Our Williams Brook Gold Project is poised to elevate Puma from a little-known junior exploration company to a serious player in Atlantic Canada’s gold space.”