Newly Staked Claims Add Significantly To Painted Dory Project Precious-and Base-Metal Exploration Potential

NEWFOUNDLAND - Puddle Pond Resources Inc. reported on the Painted Dory Project, located in Newfoundland’s Baie Verte Mining District. The Painted Dory Project is situated a few kilometers from the town of Baie Verte and Rambler Metals and Mining’s operating Ming Mine. The 4,500-hectare Painted Dory Project covers much of the southern part of the Lower Pacquet Harbour Group - a suite of submarine, mafic and felsic volcanic rocks that are prolific hosts to volcanogenic massive sulphide (VMS) mineralization.

Prior to Puddle Pond’s first round of fieldwork in 2021, which identified numerous zones of copper and gold mineralization there had been a 25-year hiatus in mineral exploration; with the last detailed examination of the area’s copper and gold potential having been conducted by CanAustra Gold Exploration Ltd. in the late 1980s and International Corona Corporation in the early 1990s. In addition to finding numerous occurrences of high-grade copper mineralization (assays up to 26% Cu) CanAustra’s 1988 program of prospecting also discovered a significant zone of high-grade, gold-silver mineralization termed the Twin Pond Prospect found a few hundred meters to the southwest of Bill’s Pond.

These claims cover the Twin Pond Prospect discovered by CanAustra Gold Exploration. The Twin Pond Prospect consists of a highly altered zone with sulphides (galena, chalcopyrite, and pyrite) occurring as abundant disseminations to nearly massive mineralization with assays of the ore mineralization revealing high concentrations of gold (up to 33 g/t Au) and silver (up to 178 g/t Ag). Through trenching, the mineralized zone was exposed at two locations, approximately one hundred meters apart. Until recently the cancelled claims hosting the Twin Pond Prospect had been unavailable for exploration but in April of this year Puddle Pond was able to successfully complete their acquisition.