◆ Confirmed continuity and expanded mineralization at Lynx Zone to depths of 175 m along 750 m of strike.
◆ Phase 1 drilling totaled 3,475 m in 24 holes and all holes intersected gold mineralization in the Lynx Zone. Drilling on the Lynx Zone now totals ~15,700 m and expenditures of ~$12.5 million in the camp.
◆ Numerous intersections contained visible gold and returned high grades. Broad intervals with stacked veins and disseminated mineralization also intersected expanding envelope.
◆ Acquired TIMM property, 4,840 ha, hosting similar setting gold mineraliza-tion with initial due diligence grab samples grading up to 362 g/t gold and another at 267 g/t gold.
◆ Expanded Tiger Zone to NE of Lynz and identified new Cheetah Zone an-other 3 km along trend through extensive surface sampling from additional trenching exploration methods.
◆ Created significant value but now trades at a discount to pricing at our initial coverage, positive recommendation remains in place.
19 Jan 2024
Puma Exploration (TSXV: PUMA, OTCQB: PUMXF) 2023 drilling program delivers grade, depth and continuity at Lynx Zone and looks beyond in 2024
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Puma Exploration (TSXV: PUMA, OTCQB: PUMXF) 2023 drilling program delivers grade, depth and continuity at Lynx Zone and looks beyond in 2024
◆ Confirmed continuity and expanded mineralization at Lynx Zone to depths of 175 m along 750 m of strike.
◆ Phase 1 drilling totaled 3,475 m in 24 holes and all holes intersected gold mineralization in the Lynx Zone. Drilling on the Lynx Zone now totals ~15,700 m and expenditures of ~$12.5 million in the camp.
◆ Numerous intersections contained visible gold and returned high grades. Broad intervals with stacked veins and disseminated mineralization also intersected expanding envelope.
◆ Acquired TIMM property, 4,840 ha, hosting similar setting gold mineraliza-tion with initial due diligence grab samples grading up to 362 g/t gold and another at 267 g/t gold.
◆ Expanded Tiger Zone to NE of Lynz and identified new Cheetah Zone an-other 3 km along trend through extensive surface sampling from additional trenching exploration methods.
◆ Created significant value but now trades at a discount to pricing at our initial coverage, positive recommendation remains in place.