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Be the first with the news that moves the market- Puma Exploration (TSXV:PUMA) has launched its first drill program at the Triple Fault Gold Project in New Brunswick
- The program will include an initial phase of prospecting, mapping, trenching, and stripping over the entire William Brook Property, which sits within the project
- This will explore existing anomalies and define the extent of current gold zones that were defined by earlier operators
- Previous drilling results at the William Brook Property include 11.2 grams per tonne of gold over 2.8 metres and one gram per tonne of gold over 23 metres
- Puma Exploration (PUMA) is currently steady and is trading at six cents per share
Puma Exploration (TSXV:PUMA) has launched its first drill program at the Triple Fault Gold Project in New Brunswick.
The Triple Fault Gold Project hosts four properties, namely Williams Brook, Jonpol, Rocky Brook and Portage, and covers a total land package of over 25,000 hectares. To date, the project has seen limited drilling and exploration activities, but is thought to feature significant gold deposits and occurrences.
An initial phase of the program will focus on in-depth prospecting, mapping, trenching, and stripping focused over the entire William Brook Property. This has been designed to explore existing anomalies and define the extent of the current gold mineralisation that was identified by previous operators.
Much of these anomalies remain open in all directions, since follow-up work has not yet been undertaken to establish priority drill targets.
Some of the most significant previous drill results from the William Brook Property include 11.2 grams per tonne of gold over 2.8 metres, as well as 1 gram per tonne of gold over 23 metres.
President and CEO of Puma Exploration, Marcel Robillard noted the company’s extensive efforts to establish a wholly owned land package in the region.
“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 per cent 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 acquire some of the best gold projects in one area with the goal to execute our first drilling program in the area,” he said.
Puma Exploration (PUMA) is currently steady at six cents per share at 1:32pm EDT.
