05 Dec 2019

Puddle Pond Resources Inc. announces that the 2019 exploration program on it’s 100% owned Heritage Gold – Silver Project has produced positive results from both surface sampling and diamond drilling.  The company is pleased to report prospecting and rock sampling confirm the Point May Epithermal System (PMES), host to the gold and silver mineralization, extends much further, and that the fall drilling program has successfully outlined a mineralized zone.


The prospecting and rock sampling following up on the discovery of a new site of high-grade gold and silver reported August 6, 2019 has uncovered new sites of the intense silicification and quartz veining typical of the PMES.  Surface sampling at these sites up to 2700 metres outside of the previously outlined extent of the PMES returned weakly to strongly anomalous values in gold and silver, summarized below:


This range of anomalous values is similar to the values obtained during the initial surface sampling which resulted in the discovery of the Eagle Zone where drilling to date has outlined a preliminary mineral inventory of 1,082,594 tonnes grading 2.19 g/t equivalent gold – AuEq (gold + silver expressed as gold).


The fall drilling program successfully tested a 500 metre section in the southwest portion of the Pinnacle – Flatbed structural zone with all 9 Tier 1, shallow drill holes aggregating 793 metres intersecting the gold & silver mineralized quartz vein hydrothermal breccia.  Based on earlier geophysical surface surveys, trenching and preliminary drill results this zone extends at least 2500 metres northeast – southwest and is parallel to the Eagle Zone, 700 metres west.


Assay highlights include:


The mineralized intervals are within 25 to 45 metre-wide sections (approx. true core interval) of the quartz veined hydrothermal breccia which are anomalous in gold & silver.  Higher grade gold & silver mineralized intervals / shoots within wider sections of anomalous gold & silver values accompanied by zinc and lead enrichments are found within the Eagle Zone.  These latest drill results confirm the potential for the 2500 m long Pinnacle – Flatbed Zone to also host significant gold & silver mineralization.


An earlier drill hole in 2017 testing the Flatbed Prospect at the northeast end of the 2500 metre-long zone intersected a 39 metre thick gold – silver mineralized, quartz veined hydrothermal breccia grading 1.0 g/t AuEq which included 5.10 metres / 16.7 feet at a grade of 1.62 g/t AuEq.


The company is highly encouraged by these positive results which add to the potential on the Heritage Project.  The new boulder and outcrop sites now increase the area of the Point May Epithermal System from 4.5 x 2.5 kms to 6.7 x 5.2 kms.  Additionally, these new sites, which include the high-grade boulder assays reported August 6, 2019 in the vicinity of the Eagle Zone, indicate there are hidden targets of gold & silver up to bonanza grades yet to be drill tested at this zone.


The positive drill results from the 500 metre section at the southwest end of the Pinnacle – Flatbed structural zone now confirm the potential for this zone to host significant mineralization, noting that the 2017 drill hole HE-52-17 at the northeast end intersected similar mineralization.  The earlier geophysical and trenching surveys detailing the zone to be continuous along the 2500 metre strike length warrants further drill testing along the zone to determine its overall potential.  The company notes that there are 2 other structural zones of similar length which have yet to be drill tested.


The technical information in this release was compiled by President and Chief Operating Officer Victor A. French, P. Geo., who is a qualified person under NI 43 – 101 guidelines.

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