Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Puma Exploration (PUMA) has reported surface sample results from its ongoing exploration program
  • The company has discovered nine new gold-bearing quartz veins along the O’Neil Gold Trend
  • Puma has contracted three excavators, two trucks, and one bulldozer to keep extending the mineralized corridor
  • Puma Exploration is a Canadian-based mineral exploration company
  • Shares in Puma Exploration Inc. (PUMA) are up 14.86 per cent, trading at $0.425 per share

Puma Exploration (PUMA) has reported surface sample results from its ongoing exploration program.

The company has discovered nine new gold-bearing quartz veins along the O’Neil Gold Trend. Surface samples included grades up to 46.8 g/t gold, extending the gold mineralized corridor over 275 metres.

The O’Neil Gold Trend is a major gold-bearing zone on the Williams Brook Gold Project in New Brunswick.

The ongoing systematic stripping, mapping, and sampling program along the O’Neil Gold Trend revealed a swarm of quartz veins containing 5.55 g/t gold over 50.15 metres.

Following these exciting new discoveries, Puma contracted three excavators, two trucks, and one bulldozer to keep extending the kilometric altered and gold-mineralized corridor.

These exploration efforts are in preparation for the company’s upcoming 10,000-metre drill program on the O’Neil Gold Trend.

In addition to these results, a trend of samples with high silver values was identified at Chubby and Pepitos. These types of silver values are often associated with gold and characterize low epithermal system.

Puma Exploration is a Canadian-based mineral exploration company with precious and base metals projects in the Bathurst Mining Camp in New Brunswick.

The company’s maiden drill campaign consisted of 2,360 metres of drilling in 18 holes along the O’Neil Gold Trend.

Shares in Puma Exploration Inc. (PUMA) are up 14.86 per cent, trading at $0.425 per share as of 12:50 pm ET.

More From The Market Herald

" GoldHaven Resources (CSE:GOH) closes private placements

GoldHaven (GOH) has closed its private placements for aggregate proceeds of $1,762,803.

" Sherpa II Holdings Corp. (TSXV:SHRP) closes private placement

Sherpa (SHRP) has closed its previously announced non-brokered private placement for aggregate gross proceeds of $470,000.

" PNG Copper Inc. (CSE:PNGC) issues corporate updates

PNG Copper (PNGC) has filed its financial statements and MD&A for Q3.

" Pershimex (TSXV:PRO) begins drilling on the Villebon Property

Pershimex Resources Corporation (PRO) has begun a new drilling campaign on its Villebon Property in Quebec.