Mr. Victor (Vic) French, President & COO, reports:
BAY ROBERTS, NEWFOUNDLAND / May 26th, 2022 / PUDDLE POND RESOURCES INC. (the “Company” or “Puddle Pond”) is pleased to report that the Company’s first three drill-holes (DDH 22-01, -02, -03) at its 100%-owned Handcamp Project (the “Project”) in central Newfoundland have all intersected a significant width of near-surface, gold (and silver) mineralization:
3.90 g/t Au & 29.13 g/t Ag over 7.30 metres (24 feet) within a broader interval of 2.04 g/t Au & 15.72 g/t Ag over 15.70 metres (52 feet).
1.91 g/t Au & 11.36 g/t Ag over 10.95 metres (36 feet) including 4.08 g/t Au & 20.57 g/t Ag over 2.30 metres (8 feet).
3.00 g/t Au & 23.07 g/t Ag over 7.25 metres (24 feet) including 5.48 g/t Au & 33.76 g/t Ag over 3.10 metres (10 feet).
The scout drilling program, totalling 700-800 metres in ten holes is intended: (a) to test the continuity of shear-zone hosted gold mineralization in the shallow subsurface (at depths of less than 75 metres or 250 feet) over a strike length of approximately 750 metres (or 2,500 feet); and (b) to provide lithostructural data that will aid in the characterization of shear zone-hosted gold mineralization.
Mr. French commented: “We are pleased with these first results. The drilling program being conducted by Cabo Drilling (Atlantic) Corporation of Springdale is proceeding on schedule and on budget with the easy accessibility of the Handcamp Project area from the nearby Trans-Canada Highway proving a real boon for exploration.”
On Behalf of the Board of Directors
“Victor A. French”
About Puddle Pond Resources Inc.: Puddle Pond Resources is a Newfoundland-based mineral exploration company (headquartered in Bay Roberts, Conception Bay) focused on the identification and development of undervalued mineral assets in the Province of Newfoundland & Labrador, one of the Fraser Institute’s top-10 mining jurisdictions in the world. The Company’s present foci are Orogenic Gold, Epithermal Gold-Silver, and Volcanogenic Massive Sulphide deposits. Presently, the Company holds the rights to more than 90,000 hectares (>900 km2) of mineral claims on the Island of Newfoundland, distributed amongst 19 individual properties that are situated in either the “Central Newfoundland Gold Belt”, the “Baie Verte Mining District”, or the “Avalonian Epithermal Belt”.
Victor French, P.Geo., President of Puddle Pond Resources Corp., and a Qualified Person (“QP”) as defined by Canadian National Instrument 43-101, has reviewed, and approved the technical information contained in this News Release. The drilling campaign and quality control program have been planned and supervised by Victor French.
Quality Assurance/Quality Control (“QA/QC”)
Drill-core samples, selected by Puddle Pond exploration personnel were submitted to Eastern Analytical Ltd. (Newfoundland & Labrador) for assaying and geochemical analysis. Samples were delivered in sealed bags directly to the lab in Springdale by Puddle Pond staff. Eastern Analytical is an ISO 17025 Certified Assay Laboratory. Samples submitted to Eastern Analytical are analyzed with the strictest quality control with blanks (analytical & method), duplicates, and standard reference materials (viz. CANMET, CDN, OREAS, GEOSTAT) being inserted into the sequence of client samples. Gold is analyzed by standard fire assay methods and thirty-four other elements (including silver) are analyzed by ICP-OES (Inductively Coupled Plasma-Optical Emission Spectroscopy. In addition to the regular insertion of blank, duplicate, and standard samples by the Assay Laboratory, Puddle Pond routinely includes its own blanks and standards.