PUMA Exploration Announces New GOLD Discovery 300 Meters Northeast of the O’Neil Showing at Williams Brook
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
PRESS RELEASE
PUMA EXPLORATION ANNOUNCES NEW GOLD DISCOVERY 300 METERS NORTHEAST OF
THE O’NEIL SHOWING AT WILLIAMS BROOK
Rimouski, October 22nd, 2020 – Puma Exploration Inc., PUMA-TSXV, (the “Company” or “Puma”) is
pleased to announce the discovery of a new gold -bearing zone with up to 9.08 g/t Au on its
Williams Brook property (the “Lynx Zone”). The gold discovery, located 300 meters northeast of
the O’Neil Showing, was made during the first phase of the ongoing trenching program to verify
the source of the g old-bearing boulder fields previously reported (press release September 22,
2020).
HIGHLIGHTS:
• New gold discovery from current trenching work with selected grab samples grading 9.08 g/t
Au, 6,87 g/t Au and 2.04 g/t Au from bedrock*.
• The Lynx Zone is located 300 meters northeast of the high-grade gold O’Neil Showing.
• The discovery of the Lynx Zone proves the efficiency of the boulder, soils, and till anomalies
as gold pathfinders at Williams Brook.
• Only 25% of the Williams Brook is covered, so far, by soil surveys which show numerous gold
soil anomalies and extremely anomalous till samples untested.
• The objective of the trenching program still underway at Williams Brook is to verify the
maximum geochemical targets, the extension of the knowed gold showing s and to locate
the favourable geological units, contacts, and structures.
*Selected rock grab samples are selective by nature and may not represent the true grade or style of
mineralization across the property.
Marcel Robillard, Puma's President & CEO stated, “New discoveries are fundamental to value
creation, and the latest results from the current trenching program confirms the potential for
further high-value discoveries on the entire Williams Brook property as it shows numerous gold soil
anomalies and extremely anomalous till samples untested, and still holds an untapped wealth of
geological endowment.”
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Figure 1: New Gold Discovery, the Lynx Showing is Located 300 Meters NE of O’Neil Showing
In light of the results reported at the Lynx Showing grading 9.08 g/t Au, 6,87 g/t Au, and 2.04 g/t
Au from bedrock collected at the bottom of the trench , more trenching and stripping will be
added to the current program.
Figure 2: Pictures of the Samples Collected at the Lynx Showing
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
A total of 280 rock samples, consisting of a mix of outcrops and boulders were collected on the
property during the current second phase of exploration. Most of them are samples collected
from the current trenching program. Results are pending and will be released once they become
available.
O’NEIL GOLD ZONE (OGZ)
The first phase of the 2020 summer exploration program lead to the discovery of the gold O’Neil
Showing with the presence of a significant and pervasive gold trend over 2.0km along the O’Neil
Gold Zone (OGZ). The O’Neil Showing consists of an altered and brecciated rhyolite injected with
quartz veins and quartz stockworks. The altered and brecciated rhyolite is open in all directions.
The highest gold sample, grading 128.0 g/t Au, is part of the main quartz vein (ranging from 30-
50cm) followed and sampled, so far, over 10 meters in length. The average gold grade samples
of the vein of 30.86 g/t Au over 10 meters (128.0 g/t Au, 35.2 g/t Au, 18 g/t Au, 14.5 g/t Au, 10.25
g/t Au, 8.33 g/t Au and 1.74 g/t Au )*, was estimated from chip and grab samples collected
continuously every 1.5 meters on the main vein.
Following the hand and shovel cl eaning of the main vein, surrounding quartz stockworks and
veinlets within the rhyolite were found, sampled and reported respectively high grade gold of
16.90 g/t Au, 8.24 g/t Au, 6.14 g/t Au, 3.57 g/t Au, 2.2g/t Au, and 1.14 g/t Au.
TRIPLE FAULT GOLD PROJECT
The Triple Fault Gold Project includes three (3) properties named Williams Brook, Jonpol Gold, and
Portage Lake, covering more than 41,500 hectares of favorable gold exploration land package.
The project is located about 60 km west of Bathurst with the paved road cross -cutting the
property.
Puma is currently focusing its field work on its first priority, the Williams Brook property. The Williams
Brook property includes selected drill results of 11.2 g/t over 2.8m, 2.1 g/t Au over 9.0m , and 1.0
g/t over 23m, gold occurrences grading up to 109.0 g/t Au, 50.8 g/t Au, 38,9 g/t Au in bedrock,
numerous gold soil anomalies and extremely anomalous till samples with up to 508 gold grains
that occur over an area approximately 12 by 3 kilometers.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
There has been very limited drilling and exploration in the area mapped to be part of The
Dunnage Zone hosting major gold deposits and gold occurrences in siluro -devonian rocks and
considered as an emerging gold exploration and development district.
QUALIFIED PERSONS
Dominique Gagné, PGeo, independ ent qualified person as defined by Canadian National
Instrument 43-101 standards, has reviewed and approved the geological information reported in
this news release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release. Mr. Gagné is independent of the Company.
QUALITY ASSURANCE/QUALITY CONTROL (QA/QC)
Rock samples were bagged, sealed and sent to the facility of ALS CHEMEX in Moncton, New
Brunswick where each sample is dried, crushed , and pulped. The samples were crushed to 70%
less than 2mm, riffle split off 1kg, pulverise split to better than 85% passi ng 75 microns (Prep-31B).
A 30-gram subsplit from the resulting pulp was then subjected to a fire assay (Au -ICP21). Rock
sample ICP results with gold >1g/t were subjected to a metallic screening (Au -SCR24) 1kg pulp
screened to 100 microns. Other screen sizes available. Duplicate 50g assay on screen undersize.
Assay of entire oversize fraction.
ABOUT PUMA EXPLORATION
Puma Exploration is a Canadian -based mineral exploration company with precious and base
metals projects in early to advanced stages located in the Famous Bathurst Mining Camp (BMC)
in New Brunswick, Canada. Great efforts will be made by the Company in the coming years to
deploy its DEAR strategy (Development, Exploration, Acquisition and Royalties) in order to
generate maximum value for shareholders with low shares dilution.
You can visit us on Facebook / Twitter / LinkedIn
Learn more by consulting www.pumaexploration.com for further information on Puma.
Marcel Robillard, President, (418) 724-0901; [email protected]
Christian Tweedy, Communications, (604) 619-5810; [email protected]
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
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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 such
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 o bligation 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.