Puddle Pond Resources Inc. is pleased to report latest drill results from the Eagle Zone on its 100% owned, large 35,996-acre Heritage Gold (Au) – Silver (Ag) Project on the Burin Peninsula, NL. The drill program completed in December was designed to further drill test the 600-metre (1970 ft.) long section of the Eagle Zone containing a Mineral Inventory Block (MIB) of 76,076 oz at a grade of 2.21 g/t AuEq (Equivalent Gold), and the potential for similar grades along the strike extensions of the zone.
Contractor delays resulted in only 873 m of the planned 2,500 metre program being drilled before the winter shutdown. Four holes drilled at the MIB intersected multiple, mineralized shoots (lodes) at shallow, near surface and deeper depths. Highlights from each hole are listed below:
These positive results justify continued drilling at the Eagle Zone and the planned 2019 work program will include completion of the originally planned 2,500 m drill program. The Eagle Zone structure which based on surface geophysics and prospecting surveys may extend up to 2 kms (1.2 miles), and these latest drill results will assist in understanding the controls on the mineralization along this structure and will be used to direct drilling in 2019. Exploration is scheduled to recommence in May 2019.
The technical information in this release was compiled by President & COO Victor A. French, P. Geo who is a qualified person under NI 43-101 guidelines.