Adds 60 New Claims To New Brunswick Land Holdings
Puma Exploration Inc. (TSXV:PUMA) has added two new property transactions at its Williams Brook property in New Brunswick, Canada.
Collectively, these acquisitions add 60 claims to the total land package increasing the size of the property from 23,770 ha to 25,140 ha.
President and CEO, Marcel Robillard, said the Williams Brook Gold property, which was the focus of the 2020 Exploration Programme, is part of the district-scale Triple Fault Gold Project, recently acquired in 2020 in New Brunswick, Canada.
“These new land additions further consolidate our considerable ground position, increasing our overall footprint to more than 251 square kilometres which cover the highly prospective and underexplored Williams Brook property, but most importantly the major Rocky-Brook-Millstream Fault,” Mr Robillard said.
To complete its impressive landholdings at the Williams Brook property, Puma executed 2 additional distinct property agreements with a local prospectors for the Ten Miles Pool Road and the Northwest Upsalquitch properties. The new properties totalling 60 claims units are located north of the Williams Brook property.
The Triple Fault Gold Project includes three properties named Williams Brook Gold, Jonpol Gold, and Portage Lake, now covering more than 32,000 hectares of favourable gold exploration land package. The project is located about 60 km west of Bathurst with the paved road cross-cutting the property.
Puma is currently focusing its field work on its first priority, the Williams Brook Gold property. The Williams Brook Gold property includes selected drill results of 11.2 g/t over 2.8m, 2.1 g/t Au over 9.0m, and 1.0 g/t over 23m, gold occurrences grading up to 109.0 g/t Au, 50.8 g/t Au, 38,9 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 three km.
There has been very limited drilling and exploration in the area mapped to be part of the Dunnage Zone hosting major gold deposits and gold occurrences in siluro-devonian rocks and considered as an emerging gold exploration and development district.
