The 2,270 metres shallow diamond drilling was devised as a follow-up to Puma’s 2023 surface exploration program to confirm the presence of gold mineralization subsurface and determine the orientation and dip of the gold-bearing structure and alteration that was interpreted to extend 4 km northeast of the LGZ. The small, cost-effective program not only confirmed the presence of gold mineralization by intersecting anomalous gold at the
Figure 1. Location of scouting drilling over 2024 drone magnetic survey map
These results continue to validate Puma’s successful discovery method. Grab samples are proving to be a reliable vector for discovering gold at depth. A quartz vein stripped at surface at the
While the Tiger 2 zone appears to carry anomalous gold results, parallels can be drawn between these first drill holes at Tiger and the initial drilling at the
Figure 2. Initial stripping work and drilling at LGZ in 2021
2024 Scouting Drilling along the Lynx Gold Trend (“LGT”)
The 2024 scouting drilling program outside the central
The gold mineralization at the TGZ (Tiger 1 to 4) occurs in quartz veins with limonite alteration similar to those at the LGZ. However, here, the quartz veins occur not only at the rhyolite/sediment contact but also at a rhyolite/gabbro contact. The presence of veining reflects the competency contrast between the geological units, allowing for the upwelling of hydrothermal fluids.
At Tiger 1 and 3, the presence of a large gabbro sill, altered at its margins, suggests a major intrusion that strikes parallel to the primary gold trend-oriented NE (Figures 2 and 3). The recent magnetic drone survey has outlined a long positive anomaly that could indicate the presence of several mafic dikes within the favourable corridor, which could be positive according to our expert advisor, Dr.
The Pb-Ag ratio in assays has been a vector for the discovery of high-grade gold mineralization at Lynx. Although drilling at Tiger 2 returned no gold, the ratios of Pb-Ab at Tiger 2 are similar to those in some areas of Lynx, namely at the Chubby zone, where the gold levels were low, but that is proximal to a very high-grade zone. The same could be true of the Tiger 2 zone. The recent mag survey has identified several areas of interest at Tiger 2 that will be further investigated.
Figure 3. Drillhole location over the trenched Tiger Gold structures
Figure 4. Drill section at Tiger 1
Figure 5. Drill section at Tiger 3
Table 1. Drilling highlights of 2024 scouting drilling
DDH # | From (m) | To (m) | Length (m) | Au (g/t) | ZONE |
WB24-146 | 7.80 | 10.65 | 2.85 | 0.13 | Tiger 1 |
WB24-147 | 15.65 | 24.30 | 8.65 | 0.12 | Tiger 1 |
21.00 | 24.30 | 3.30 | 0.28 | ||
23.55 | 24.30 | 0.75 | 0.86 | ||
WB24-148 | 25.90 | 26.45 | 0.55 | 0.32 | Tiger 1 |
WB24-149 | 16.40 | 25.65 | 9.25 | 0.11 | Tiger 1 |
18.25 | 25.30 | 7.05 | 0.14 | ||
18.80 | 24.40 | 5.60 | 0.16 | ||
18.80 | 19.40 | 0.60 | 0.77 | ||
WB24-150 | 34.00 | 35.00 | 1.00 | 0.10 | Tiger 1 |
WB24-151 | 13.00 | 15.00 | 2.00 | 0.74 | Tiger 3 |
13.60 | 14.40 | 0.80 | 1.44 | ||
13.60 | 14.00 | 0.40 | 2.06 | ||
WB24-152 | 34.70 | 42.85 | 8.15 | 0.14 | Tiger 3 |
37.05 | 37.70 | 0.65 | 0.34 | ||
42.50 | 42.85 | 0.35 | 0.42 | ||
WB24-153 | 4.50 | 6.00 | 1.50 | 0.44 | Tiger 3 |
4.50 | 4.90 | 0.40 | 1.28 | ||
WB24-156 | 13.55 | 14.00 | 0.45 | 0.18 | Tiger 3 |
WB24-160 | 9.75 | 13.80 | 4.05 | 0.42 | Tiger 3 |
9.75 | 10.25 | 0.50 | 0.88 | ||
12.60 | 13.80 | 1.20 | 0.95 | ||
13.30 | 13.80 | 0.50 | 1.55 | ||
WB24-167 | 15.60 | 16.05 | 0.45 | 1.33 | Tiger 3 |
WB24-170 | 159.55 | 159.95 | 0.40 | 0.87 | Cheetah |
WB24-174 | 34.60 | 35.05 | 0.45 | 0.34 | Tiger 3 |
39.80 | 40.20 | 0.40 | 0.62 |
The main objective of short scouting drill holes at Cheetah was to prove that the favourable contact with supergene alteration and gold mineralization extends to 4 km away from the LGZ. An intercept of 0.87 g/t gold over 0.40 m was intersected where a grab sample had graded up to 6.69 g/t gold. Initial grab sampling at Cheetah had only returned 0.20 g/t gold. It’s important to note that since 2020, more than 5,000 samples have been collected at the
Figure 6. Core from the
Table 2. Technical information for 2024 scouting drill holes
DDH # | Target/Area | East | North | Elev. | Az. | Dip | Length |
WB24-146 | Tiger 1 | 660855.0 | 5259952.7 | 398.9 | 159 | -45 | 53.0 |
WB24-147 | Tiger 1 | 660854.7 | 5259953.6 | 398.9 | 159 | -65 | 149.5 |
WB24-148 | Tiger 1 | 660847.0 | 5259961.0 | 399.6 | 145 | -45 | 62.0 |
WB24-149 | Tiger 1 | 660822.8 | 5259956.4 | 397.6 | 155 | -45 | 77.0 |
WB24-150 | Tiger 1 | 660874.0 | 5259984.1 | 400.8 | 150 | -45 | 74.0 |
WB24-151 | Tiger 3 | 660906.1 | 5259832.9 | 414.6 | 130 | -45 | 56.0 |
WB24-152 | Tiger 3 | 660905.4 | 5259833.4 | 414.6 | 130 | -65 | 65.0 |
WB24-153 | Tiger 3 | 660921.8 | 5259854.4 | 416.2 | 155 | -45 | 71.0 |
WB24-154 | Tiger 3 | 660936.0 | 5259824.1 | 415.3 | 335 | -45 | 32.0 |
WB24-155 | Tiger 3 | 660936.3 | 5259823.2 | 415.3 | 335 | -65 | 35.0 |
WB24-156 | Tiger 3 | 660919.4 | 5259818.6 | 414.3 | 340 | -45 | 32.5 |
WB24-157 | Tiger 3 | 660919.7 | 5259817.8 | 414.2 | 340 | -65 | 39.5 |
WB24-158 | Tiger 3 | 660910.7 | 5259806.9 | 413.4 | 335 | -45 | 52.0 |
WB24-159 | Tiger 3 | 660967.8 | 5259838.1 | 415.5 | 335 | -45 | 35.0 |
WB24-160 | Tiger 3 | 660981.4 | 5259831.1 | 415.3 | 335 | -50 | 41.0 |
WB24-161 | Tiger 2 | 660778.5 | 5259876.1 | 395.0 | 150 | -45 | 62.0 |
WB24-162 | Tiger 2 | 660778.1 | 5259877.0 | 395.0 | 150 | -65 | 56.0 |
WB24-163 | Tiger 2 | 660776.3 | 5259877.9 | 394.8 | 200 | -45 | 80.0 |
WB24-164 | Tiger 2 | 660800.0 | 5259900.8 | 396.3 | 155 | -45 | 59.0 |
WB24-165 | Tiger 4 | 661018.9 | 5260115.7 | 416.7 | 155 | -45 | 27.0 |
WB24-166 | Tiger 4 | 661018.9 | 5260115.7 | 416.7 | 210 | -45 | 80.0 |
WB24-167 | Tiger 3 | 660962.1 | 5259917.2 | 419.1 | 155 | -45 | 53.0 |
WB24-168 | T20-09 | 661176.8 | 5260329.6 | 425.3 | 155 | -45 | 53.0 |
WB24-169 | Cheetah | 662318.6 | 5261636.9 | 454.2 | 155 | -45 | 131.0 |
WB24-170 | Cheetah | 662318.4 | 5261637.6 | 454.0 | 155 | -65 | 191.0 |
WB24-171 | Cheetah | 662470.6 | 5261858.6 | 433.3 | 155 | -45 | 127.0 |
WB24-172 | Cheetah | 662252.4 | 5261633.6 | 448.9 | 155 | -45 | 119.0 |
WB24-173 | Zone 40 | 661901.5 | 5261130.9 | 457.0 | 155 | -65 | 149.0 |
WB24-174 | Tiger 3 | 660927.3 | 5259841.9 | 415.6 | 215 | -45 | 86.0 |
WB24-175 | Tiger 2 | 660806.2 | 5259884.7 | 398.5 | 230 | -45 | 119.0 |
Total Final | 2 266.5 |
Follow-up trenching and mapping are underway to understand the different styles of gold mineralization within the large gold trend (high-grade quartz veins vs disseminated ) and further enhance our geological model. Also, the recent drone magnetic survey identified several targets within an area of 2 km X 6 km that are currently being stripped, mapped, trenched and sampled to identify priorities for future drilling.
2024 Plans
Puma is focused on growing the volume, scale, and grade of the
| Completed |
| Completed |
| Fall 2024 |
| Ongoing |
| Ongoing |
About the
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Puma’s successful exploration model returned, amongst others, 5.50 g/t gold over 50.15 m in hole WB21-02 (see Sept.15, 2021, News Release), 2.77 g/t gold over 42.80 m in hole
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Figure 1. Location of scouting drilling over 2024 drone magnetic survey map
Location of scouting drilling over 2024 drone magnetic survey map
Figure 2. Initial stripping work and drilling at LGZ in 2021
Initial stripping work and drilling at LGZ in 2021
Figure 3. Drillhole location over the trenched Tiger Gold structures
Drillhole location over the trenched Tiger Gold structures
Figure 4. Drill section at Tiger 1
Drill section at Tiger 1
Figure 5. Drill section at Tiger 3
Drill section at Tiger 3
Figure 6. Core from the Cheetah Gold Zone located 3.25 km northeast of the Lynx Gold Zone
Core from the Cheetah Gold Zone located 3.25 km northeast of the Lynx Gold Zone
2024 GlobeNewswire, Inc., source