- Puma Exploration (PUMA) focused on building a gold camp at its Williams Brook Gold Project
- The company aims to build gold ounces at the Lynx Gold Zone and increase the gold inventory of the extensive property package
- Around 70 per cent of its exploration budget will be deployed at the Lynx Gold Zone
- As for work permits, including drilling permits, have been received
- There is an excavator on side, which is uncovering gold occurrences that have never been drilled. Additional sampling will identify targets for future drilling
- Puma Exploration (PUMA) is trading at C$0.15 at 11:31 pm EST
Puma Exploration (TSXV: PUMA) has a new exploration strategy around its 100 per cent owned Williams Brook Gold Project.
The company aims to build gold ounces at the Lynx Gold Zone and increase the gold inventory of the extensive property package.
New exploration strategy
Around 70 per cent of its exploration budget will be deployed at the Lynx Gold Zone.
The remaining 30 per cent of the budget will be directed on priority targets to identify new gold deposits on the entire 44,650-ha property package.
As for work permits, including drilling permits, all have been received.
Puma’s President and CEO Marcel Robillard commented: “The work is focused on advancing exploration most efficiently and cost-effectively to prove that satellite gold deposits exist at Williams Brook and that the project has the potential to host millions of ounces of gold.”
“We are committed to building a gold camp at Williams Brook and are excited about what lies ahead for Puma in 2023,” concluded Robillard.
The company is considered a first mover, accumulating more than 60,500 hectars of gold landholdings in the area.
Due to the company’s geophysical surveys, geochemical data and consultants’ expertise, it developed a perfect low-cost exploration tool to discover gold at shallow depths and maximize drilling results.
The 2023 drilling program at Lynx gold will prioritize the extension of high-grade gold shoots at depth and define the geometry of several high-grade gold veins containing disseminated sulphides.
Additional drill holes will target the lateral extension of the Lynx Gold Zone (LGZ) for about 3 kilometers along strike towards the northeast.
Other highlights on site included 2,500 meters of extended gold mineralization.
The company also wants to gather grab samples on newly excavated veins while looking to advance metallurgical study and evaluate bulk samples.
As for building the gold camp, it will take around 30 per cent of the exploration budget.
Some more details are the expansion of trenching and sampling at all targets.
There is an excavator on side, which is uncovering gold occurrences tat have never been drilled. Additional sampling will identify targets for future drilling.
Puma’s flagship Williams Brook Gold Project comprises six claims blocks covering more than 44,650 ha in Northern New Brunswick.
Puma Exploration is a Canadian-based mineral exploration company with projects near New Brunswick.
Puma Exploration (PUMA) is trading at C$0.15 at 11:31 pm EST.
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