PUMA Exploration Adds a Second Drill at Its Williams Brook GOLD Project
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
NEWS RELEASE
PUMA EXPLORATION ADDS A SECOND DRILL AT ITS WILLIAMS BROOK GOLD PROJECT
Rimouski, May 04, 2022 – Puma Exploration Inc. (TSXV: PUMA, OTC: PUXPF) (the "Company" or "Puma")
is pleased to announce that a second rig has been mobilized and began drilling this week at the
Williams Brook Gold Project in New Brunswick, Atlantic Canada. Following the Company’s recent
drilling success (see April 28, 2022 News Release) and with a better understanding of the O’Neil Gold
Trend (“OGT”), a second drill rig will be used to accelerate the current and ongoing 10,000 metres
drilling program.
The first drill will continue to systematically explore the near-surface (0 -100m depth) favourable
Sediment/Rhyolite contact toward the O’Neil and Pepitos Gold Zones to discover additional high-
grade gold mineralization along the OGT’s 750 met res strike length (Figure 1). The second drill will
follow up on the high-grade quartz veins identified during the Company’s inaugural 2021 and current
2022 drilling programs (Table 1).
Table 1. High-Grade veins intersected at the O’Neil Gold Trend (OGT)*
Hole ID From (m) To (m) Length (m) Au (g/t)
WB21-01 4.00 6.10 2.10 12.71
WB21-02 7.20 10.20 3.00 8.33
WB21-02 13.70 15.80 2.10 28.52
WB21-02 45.60 49.45 3.85 46.94
WB21-03 55.90 58.10 2.20 7.81
WB21-05 26.00 28.00 2.00 12.64
WB21-06 46.80 49.70 2.90 16.92
WB21-09 16.30 18.00 1.70 15.52
WB21-12 28.60 32.40 3.80 6.93
WB21-16 80.00 88.35 8.35 5.11
WB21-17 107.00 111.65 4.65 4.85
WB22-25 2.00 5.00 3.00 34.93
WB22-26 25.50 27.10 1.60 14.06
WB22-35 14.90 17.50 2.60 5.83
WB22-36 3.80 7.00 3.20 22.28
*Stated lengths in metres are downhole core lengths and not true widths.
True widths will be calculated once more drilling confirms the geometry of the quartz-sulphide system.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Figure 1: Proposed focus areas for Drill 1 and Drill 2
About 4,000 metres of the ongoing 10,000 metres drilling program at the OGT is left to be drilled. With
two (2) drill rigs on site, the Company expects to complete the program by the end of June 2022. An
aggressive field exploration program, including stripping, trenching and prospecting over the entire
property and mainly concentrated on the 10 kilometres interpreted strike length of the OGT, will then
be launched to identify and prioritize drilling targets for the fall exploration program.
The entire program, including the fall drilling program, is fully financed, and Puma expects to release
updates regularly. A detailed exploration program that focuses on first priority targets defined from
the current geophysical, geochemical and drilling compilation will be announced shortly.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
UPDATE ON THE ONGOING 10,000M DRILLING PROGRAM AT THE OGT
Following the success of the initial 2021 stripping and drilling program, the 2022 drilling campaign was
designed to confirm the extent at shallow depth of the alteration and mineralization found at surface
along the OGT to define additional high-grade gold veins to be drilled in the fall drilling program .
Since drilling began in late January, more than 47 holes for 6,000 metres have been completed. Assay
results for only the first 2,300 metres have been released.
The first hole drilled (WB22 -66) at the southern end of the current known OGT intersected the
favourable Sediment/Rhyolite contact and shows the same alteration and mineralization that has
been observed in drilling since 2021 . This confirms the continuity of the mineralized system over 750
metres and increases the potential for additional significant high -grade gold mineralization at the
OGT.
Figure 2: Core intersected at the southern end of the O’Neil Gold Trend (WB22-66)
Drill hole WB22-54, which was drilled before Drill 1 was moved to the south, intersected visible gold
(VG) within pervasive alteration (Figure 3). This hole is located in the high-grade gold target area that
will be further tested by the second rig.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Figure 3: Visible gold (VG) observed in hole WB22-54
QUALIFIED PERSON
Dominique Gagné, PGeo, a qualified person as defined by Canadian National Instrument 43 -101
standards, has reviewed and approved the geological information reported in this news release.
ON-SITE QUALITY ASSURANCE/QUALITY CONTROL ("QA/QC") MEASURES
Drill core samples are bagged, sealed and sent to the facility of ALS CHEMEX in Moncton, New
Brunswick, where each sample is crushed and pulped before being fire assay ed (Au-ICP21). The
remaining coarse reject portions of the samples remain in storage for further work or verification as
needed. As part of its QA/QC program, the Company inserts external gold standards (low to high
grade) and blanks every 20 samples in addition to standards, blanks, and duplicates. All samples over
10 g/t gold or with abundant visible gold are analyzed with gravity finish (Au-GRA22). Check assays
are routinely performed for samples with visible gold to ascertain the gold cont ent of the
mineralization zone.
COVID-19 PRECAUTIONS
Puma has developed and implemented precautions and procedures compliant with Québec and
New Brunswick 's health guidelines. Strict protocols are in place to ensure the safety of all staff,
thereby reducing the potential of community contact and spreading of the virus.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
ABOUT PUMA EXPLORATION
Puma Exploration is a Canadian -based mineral exploration company with precious metals projects
located near the Famous Bathurst Mining Camp (BMC) in New Brunswick, Canada. The Company is
committed to its DEAR strategy (Development, Exploration, Acquisition and Royalties) to generate
maximum value for shareholders with low share dilution.
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Visit www.explorationpuma.com for more information or contact:
Marcel Robillard,
President, (418) 750-8510;
Mia Boiridy,
Head of Investor Relations and Corporate Development, (250) 575-3305;
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policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this
release.
Forward-Looking Statements: This press release may contain forward -looking statements. Such
forward-looking statements involve a number of known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements of Puma to be materially
different from actual future results and achievements expressed or implied by s uch forward-looking
statements.
Readers are cautioned not to place undue reliance on these forward -looking statements, which
speak only as of the date the statements were made, except as required by law. Puma undertakes
no obligation to publicly update or revise any forward -looking statements. These risks and
uncertainties are described in the quarterly and annual reports and in the documents submitted to
the securities administration.