Puma Exploration inc. (TSX.V: PUMA) (OTCBB: PUXPF) holds three main properties in northern New Brunswick, the Williams Brook Gold, the Jonpol Gold, and the Portage Lake properties which make up its Flagship Project – The Triple Fault Gold Project. This project covers over 32,000 hectares of land favorable for gold exploration and is within the Bathurst Mining Camp, approximately 60km west of the city of Bathurst and is accessible via route 180, which runs east-west through the project.The relief is moderate-to-high with elevation ranging from approximately 410 to 580 meters above sea level. Puma is currently concentrating its field work on the Williams Brook Gold property and this will be the main focus of this report.
Williams Brook Gold History
The Williams Brook Gold Property is the westernmost claim block, and it is the main focus of the company at this time. The first gold discovery was made in 2005 by prospector David O’Neil, who was following up on some anomalous gold found in stream sediments and soil samples collected by Northgate Exploration in the early 1990’s. Up until Mr. O’Neil’s discovery no other work had been done on the property. In 2005/2006, Mr. O’Neil began prospecting the area and focused his efforts to the south of where Northgate had conducted their exploration work. The most significant discovery he made was an angular quartz float that assayed 33 g/t Au, 54 g/t Ag, and 0.98% Pb. Additional samples from the same area tested 3.5 g/t Au, 122 g/t Ag and 1.14% Pb and 0.56 g/t Au, 5.4 g/t Ag and 0.05% Pb.
Ultimately, this led to Blue Note Mining taking an interest prior to entering into an option agreement with Mr. O’Neil. They carried out a detailed soil sampling program in the vicinity of the gold discoveries as well as local reconnaissance rock, soil and till sampling, which identified up to 508 gold grain in a till sample.
In July of 2007/08, Vickers Geophysics Inc. carried out a gradient array survey and induced polarization survey over the gold anomalous area that outlined chargeability and resistivity anomalies. A dipole-dipole induced polarization survey was also carried out and there was a good correlation between some of the IP chargeability anomalies and anomalous values of gold in soil, float, and outcrop samples.
By 2009, Blue Note Mining optioned the claims from Mr. O’Neil and decided to do a drilling program shortly thereafter.The company was successful in making a new discovery when they cut felsic volcanic rocks with shallow intersections of 0.72 g/t Au over 38.0 meters (core length) in hole WB-08-03 and 0.91 g/t Au over 28.0 meters (core length) in WB-08-04. Higher grade mineralization was intersected in quartz veins and quartz veined felsic volcanic rock with up to 11.2 g/t Au over 2.8 meters (core length) in WB-08-11.
Between 2009 and 2012, several small-scale soil sampling campaigns were done over various areas of the claims until GeoVanCap Inc. acquired the property in January of 2012. After reviewing the data, the company carried out a work program that included geological mapping, prospecting, geochemical surveys and trenching. The 2013 mapping and prospecting program led to the discovery of an outcrop of a quartz vein. Grab samples from this outcrop returned values of 1.02 and 6.69 g/t Au by fire assay. This was followed up by collection of a larger, more representative sample that ran 50.8 g/t Au by metallic screen analysis. Geophysical surveys were carried out to follow up anomalous gold identified in earlier soil geochemical surveys; however, there was generally no significant correlation between geophysical anomalies and gold soil geochemical anomalies.
In May 2014, Hinterland Metals did some follow up testing and reconnaissance of the initial gold discovery. Prospecting was carried out that returned 11.8 g/t Au from a quartz vein outcrop that had been previously sampled with assays up to 50.8 g/t Au. An angular quartz float sample located roughly 150 meters northeast of the quartz vein outcrop returned values of 244 ppb Au, 57.8 ppm Ag, 236 ppm Cu and 500 ppm Sb and 5000 ppm Pb.
Between 2014 and 2020, when Puma acquired the project from Mr. O’Neil, very limited exploration work was performed in the area.
More Current Exploration
In April of 2020, Puma Exploration signed an option agreement to acquire a 100% interest in the Williams Brook Gold property. Immediately they launched a ground truthing exploration campaign aimed at verifying the extent of the current gold mineralization found by the previous operators and prospectors. At the time, most anomalies were still open in all directions and follow-up work had never been carried out for drilling target generation.The first round of the exploration incorporated large areas of detailed prospecting and mapping over the entire William Brook Property with a main focus on the southern part on the Williams Brook property that included the main gold bearing zones shown on the map in figure 1.
The company was very successful in 2020, ultimately leading to the discovery of a high-grade gold system. The highest gold sample, grading 109.5 g/t Au, was from a quartz vein (ranging from 30 to 50cm)which was followed and sampled over a length of 10 meters. The average gold grade of the newly identified quartz vein is 27.4 g/t Au over 10 meters (109.5 g/t Au, 38.8 g/t Au, 21.0 g/t Au 7.38 g/t Au 6.63 g/t Au, 5.55 g/t Au, and 2.94 g/t Au). It was estimate was derived from chip and grab samples collected continuously every 1.5 meters along the main vein as seen in figure 2.
The O’Neil showing (outcrop) consists of an altered and brecciated rhyolite injected with quartz veins and quartz stockworks. The main vein is rusty and contains disseminated sulphides such as sphalerite, galena, and chalcopyrite (see figure 3). Following the hand and shovel cleaning of the main vein, surrounding quartz stockworks and veinlets within the rhyolite were found, sampled, and reported respectively high-grade gold of 8.24 g/t Au, 6.14 g/t Au, 3.57 g/t Au and 1.14 g/t Au.
By the end of the year, Puma extended the O’Neil Gold zone to 5 km through 4,500 meters of trenching and surface sampling, which included approximately 200 grab samples and led to the discovery of several new gold zones which were named from southwest to northeast: O’Neil, Pepitos, Lynx, Chubby, and Moose (see figure 4).
THE LYNX GOLD ZONE
The Lynx Gold Zone is located 200 meters northeast of the O’Neil Gold and the Pepitos Gold Zones where high-grade gold samples were collected and assayed. Bedrock samples grading up to 240 g/t Au at Lynx have been collected in brecciated quartz veins at the contact between the sediments and the altered rhyolite. The contact sediment/rhyolite is hosting the majority of high-grade gold samples collected so far along the O’Neil Gold Trend (OGT). Also, Silver-Antimony and Bismuth mineralization were encountered in the trenches, as predicted by our geological model, and will be used as high-grade gold pathfinders.
THE CHUBBY AND MOOSE GOLD ZONES
The other new discoveries: the Chubby and the Moose Gold zones, are located respectively 350 meters and 600 meters NE of the O’Neil Gold Zone. The gold mineralization is located in a faulted, altered, and brecciated rhyolite. Most of the samples containing the higher-grade gold mineralization show a distinctive epithermal texture and are located along the contact zone (Sed/Rhy) which represents an important control/conduit parallel to the regional structures trending NE. Potential gold enrichment’s systems (Riedel Type) are composed of extension veins (N290° to N320°) within or near the rhyolite/sediment contacts.
With impressive new results, data and interpretation from the 2020 exploration campaign, PUMA is now actively following through with drill target definition for the first ever drilling program along the O’Neil Gold Trend. The first steps taken in 2021 are to proceed with a major stripping program over the entire area of the O’Neil Gold Trend (600m by 200m), with the main objective being to better locate and define the fertile contact between the Sediments/Rhyolite previously Identified through exploration. Simultaneously the company flew a district-scale Airborne VTEM survey (3,900km) over the Williams Brook Gold Project and preliminary interpretation clearly identified a major geophysical signature along a 7km long trend associated with the high-grade gold mineralization found in 2020. This then prompted the company to stake additional claims, further increasing the size of their Triple Fault Gold Project or more importantly the Williams Brook Property as can be seen below in figures 9 and 10.
The main objectives of the 2021 exploration campaign are to expand and better define the known high-grade gold zones discovered in the 2020 fall program and to identify additional gold mineralization within the three simultaneous strategic exploration phases described below. Puma’s has already received the work permits for the following work programs, including for the drilling operations and the field work is being carried out by three well trained professional crews already on site. These programs are fully-funded.
1) Definition Phase for the O’Neil Gold Zones
Most of the exploration work this summer will be focused on the 650 m long corridor containing the high-grade gold zones and will include:
2) – Discovery Phase on the OGT
Many targets along the 7 km horizon will be better defined by stripping, trenching and sampling. Special attention will be given to a 3 km long target previously identified by the technical teams and confirmed by the recently completed VTEM survey. The exploration phase will be similar to the 2020 success program and will include:
3) – Grassroots Exploration Phase
Earlier this year, Puma acquired two large claim blocks contiguous to the Williams Brook Property. A first phase of exploration will be completed on those two new blocks in addition with the new targets derived from the 2021 district-scale Mag-Em geophysical survey. The initial work will include:
The information contained in this article was obtained from various geological reports, news releases and from the company website.