Puma launches its First Exploration Program on the Triple Fault Gold Project in New Brunswick
June 17 2020 - 12:50PM
Puma Exploration Inc., PUMA-TSXV, (the “Company” or “Puma”) is
pleased to announce the launch of its first exploration program at
its flagship
TRIPLE FAULT GOLD
PROJECT in New Brunswick (figure 1). The initial
phase of the program will incorporate large detailed prospecting,
mapping, trenching, and stripping focused over the entire William
Brook Property of the Triple Fault Gold Project. The William Brook
property includes selected drill results of
11.2 g/t over
2.8m, 1.0 g/t over 23m, gold occurrences grading up to
50.8 g/t Au in bedrock, numerous gold soil
anomalies and extremely anomalous till samples with up to
508 gold grains that occur over an area
approximately 12 by 3 kilometres (figure 2).
The objective of the first phase is to explore
these anomalies and verify the extent of the current gold
mineralization found by the previous operators and prospectors, of
which most anomalies are still open in all directions and where
follow-up work has never been executed for drilling targets
generation (figures 3&4). The property is easily accessible by
paved Route 180 that passes through the property and by numerous
logging roads.
HIGHLIGHTS:
■ Only a small area has been drilled (500m
x 500m) with gold intersections open in all directions
■ Many gold occurrences with up to 50.8
g/t Au which never received any follow-up work
■ Large soil anomalies have never been
tested over 300ppb Au over 4km length
■ Grassroot property with over 25,000 ha
of prospective land ready for major discoveries
Marcel Robillard, president and CEO said: “I’m
very excited to launch this first initial field program at the
Triple Fault Gold Project, which represents a lot of work and
determination to consolidate landholdings held 100% by Puma, and
which could be considered as a potential emerging district-scale
gold area. Our 15 years of experience and knowledge has allowed us
to acquired some of the best gold projects in one area with the
goal to execute our first drilling program in the area’’.
Puma Exploration has received all the necessary
authorizations from the New Brunswick government in light of the
pandemic and field work is authorized to begin.
TRIPLE FAULT GOLD AREA
The Triple Fault Gold Project includes four (4)
properties named Williams Brook, Jonpol, Rocky Brook, and Portage
and controls more than 25,000ha of favorable gold exploration.
There are many gold occurrences up to 50.8 g/t Au, 40.5 g/t
Au, 28 g/t Au, 17 g/t Au with previous holes intersected
11.2 g/t over 2.8m, 8.02 g/t Au over 1.0m, 1.0 g/t over
23.0m, 3.46 g/t Au over 2.0m. There has been very limited
drilling and exploration in the area. The Dunnage Zone hosts major
gold deposits and gold occurrences in siluro-devonian host rocks
with the emergence of many companies in Eastern Canada like Galway
Metals and Marathon Gold.
QUALIFIED PERSONS
Dominique Gagné, PGeo, independant qualified
person as defined by Canadian National Instrument 43-101 standards,
has reviewed and approved the geological information reported in
this news release. Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. Mr. Gagné is independent of the
Company.
ABOUT PUMA EXPLORATION
Puma Exploration is a Canadian-based mineral
exploration company with precious and base metals projects in early
to advanced stages located in the Famous Bathurst Mining Camp (BMC)
in New Brunswick, Canada. Great efforts will be made by the Company
in the coming years to deploy its DEAR strategy
(Development, Exploration, Acquisition and Royalties) in order to
generate maximum value for shareholders with low shares
dilution.
You can visit us on Facebook / Twitter /
LinkedIn
Learn more by consulting www.pumaexploration.com
for further information on Puma.
Marcel Robillard, President(418)
724-0901president@explorationpuma.com
Forward-Looking Statements: This press release
may contain forward-looking statements. Such forward-looking
statements involve a number of known and unknown risks,
uncertainties and other factors which 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. These risks and uncertainties are
described in the quarterly and annual reports and in the documents
submitted to the securities administration.
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