Marcel Robillard, Puma’s CEO, said that most of the initial C$2 million expenditure will be directed towards drilling and other identified targets on the company’s flagship Williams Brook property, and the injection of cash by Kinross over the next five years will “significantly accelerate exploration and unlock the project’s value.”
“Kinross’ commitment represents a stamp of approval on Williams Brook’s potential, and having Puma as the operator speaks to Kinross’ confidence in the strength of our exploration team,” he added.
Since 2021, Puma has spent C$12.5 million on exploring the property and made several gold discoveries. Its current focus is on the high-grade Lynx zone, where drilling has returned results up to 5 grams per tonne gold over 50.15 metres. The mineralization at Lynx has so far been traced over a distance of 750 metres along strike, a width of 100 metres and a depth of 200 metres.
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