{"id":1008098,"date":"2019-10-17T13:27:40","date_gmt":"2019-10-17T20:27:40","guid":{"rendered":"https:\/\/thepuma.rocks\/?p=1008098"},"modified":"2019-10-17T13:27:40","modified_gmt":"2019-10-17T20:27:40","slug":"puma-acquires-the-jonpol-gold-project-in-northern-new-brunswick-canada","status":"publish","type":"post","link":"https:\/\/explorationpuma.com\/fr\/puma-acquires-the-jonpol-gold-project-in-northern-new-brunswick-canada\/","title":{"rendered":"Puma Acquires the Jonpol Gold Project in Northern New Brunswick, Canada"},"content":{"rendered":"

Rimouski, October 17th, 2019 \u2013 In line with its\u00a0DEAR<\/strong>\u00a0Strategy, Puma Exploration (PUM-TSXV) has signed a purchase agreement to acquire the\u00a0Jonpol Gold Project<\/strong>\u00a0located in the Murray Brook area from local prospectors. Numerous gold occurrences have been identified and are associated with gabbroic intrusions located along a major subsidiary fault of the Rocky Brook Millstream Fault (RBMF<\/strong>). Grab samples collected in trenches reported grades of\u00a017.1 g\/t Au<\/strong>,\u00a014.8 g\/t Au<\/strong>,\u00a010.6 g\/t Au<\/strong>,\u00a06.8 g\/t Au<\/strong>,\u00a05.1 g\/t Au,<\/strong>\u00a0and\u00a03.4 g\/t Au<\/strong>. The\u00a0RBMF\u00a0<\/strong>represents a major structure trending ENE formed by the Acadian Orogeny. It hosts numerous showings and deposits and represents a perfect plumbing system for mineralized fluids.<\/p>\n

The Jonpol Gold Project<\/strong>\u00a0covers 16 claim blocks for 2,745 hectares and is located only 5km North-West of the Murray Brook Project. Very limited diamond drilling has been done on the property which is underlained by sedimentary rocks and mafic intrusions. Drill results reported were\u00a01.13 g\/t Au over 12.0m, 1.37 g\/t Au over 6.0m, 1.37 g\/t Au over 1.4m, 3.89 g\/t Au over 1.0m,<\/strong>\u00a0and\u00a02.78 g\/t Au over 1.5m<\/strong>.<\/p>\n

In 2017 and 2018, till samples were collected and gold grain count analyses of heavy metal concentrates (HMC) were carried out. The till surveys identified a significant anomaly in the eastern part of the property with up to\u00a019 gold grains<\/strong>\u00a0that included 9 pristine and 8 modified, indicating a limited glacial transport. Grade of\u00a0923 ppb Au<\/strong>\u00a0for the HMC sample was reported.<\/p>\n

The Purchase Agreement<\/strong>\u00a0covers the Jonpol Gold Project located in Northern New Brunswick. Puma will acquire a 100% interest in the claims by issuing 4,000,000 shares (pre-consolidation). The vendors keep a net smelter royalty (NSR) of 2%. Puma retains the right to repurchase 1% NSR for $1,000,000. Puma must keep the claims in good standing but does not have any minimum work commitments. The transaction is subject to the TSXV Exchange approval.<\/p>\n

\"\"<\/p>\n

DEAR STRATEGY<\/strong><\/p>\n

In connection with the current reorganization of the Company, Puma has defined a four-part strategy for 2019-2020 and beyond:\u00a0D<\/strong>evelopment,\u00a0E<\/strong>xploration,\u00a0A<\/strong>cquisition and\u00a0R<\/strong>oyalties\/Ownership (DEAR<\/strong>).<\/p>\n

Each part of this strategy is aimed at generating value for shareholders and are defined as follows:<\/p>\n