PUMA Exploration Begins Its First Drilling Program at Williams Brook GOLD Property IN New Brunswick, Canada
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
PRESS RELEASE
PUMA EXPLORATION BEGINS ITS FIRST DRILLING PROGRAM AT WILLIAMS BROOK GOLD
PROPERTY IN NEW BRUNSWICK, CANADA
Rimouski, June 30th, 2021 – Puma Exploration Inc., PUMA-TSXV, (the “Company” or “Puma”) is pleased
to announce the beginning of its inaugural drilling campaign, with an initial minimum of 2,000 meters,
to test high-grade gold targets at the O’Neil Gold Trend (OGT) on its 100% controlled Williams Brook
Gold Project in New Brunswick. The Williams Brook Gold Project is located within the newly highly
prospective district of Atlantic, Canada.
Initial drilling will test shallow mineralization below the high -grade gold showings at the Lynx Gold
Zone, where many grab samples assayed over 30 g/t gold (see news release dated 2021-03-31). Since
the plunge and direction of the high-grade mineralization is not yet known, drilling will proceed with
evenly spaced fans of short drill holes centered on the gold-bearing quartz veins network (Figure 1).
Figure 1: Initial Drilling Program Targeting the Lynx Gold Zone
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Since the discovery of the high-grade gold-bearing system in late 2020, Puma reported the discovery
of additional quartz veins and veinlets at surface at the Lynx Gold Zone with few specks of Visible
Gold (VG) observed in the quartz veins (see news release 2021-06-17). The mineralization is hosted in
a strongly altered rhyolite at the contact with sediments.
“We are thrilled to begin the drilling operation at the high-grade gold target at the Lynx Gold Zone.
Following up on our new discovery of visible gold late last year , it is an exciting time for Puma
Exploration,” said Marcel Robillard , President and CEO of Puma Exploration . “Since the initial
discovery, we have uncovered significant gold in rock samples over at least 70 meters strike length
along the Lynx Gold Zone which will be drilled first,” added Marcel Robillard.
The technical team has been focused on understanding the controls on gold mineralization of the
O’Neil Gold Trend and the associated vein corridor. “The understanding of the local geology,
structures and geophysical signatures has improved considerably from recent mapping, sampling
and experts consultations. We are now well positioned to begin drilling and the entire team is anxious
to see the first drill core pulled from this newly discovered, gold -bearing, quartz vein system”. Notes
Dominique Gagné, President of Géominex, responsible for all technical work and programs for Puma
Exploration.
O’Neil Gold Trend (OGT)
The O’Neil Gold Trend (OGT) is a pervasive altered and brecciated rhyolite unit hosting significant
gold showings and occurences followed by trenching over a strike length of 700 meters . The
geophysical signature of the OGT is expressed over 7km. The favou rable unit (rhyolite) is similar and
parallel to the structures hosting the “Williams 1” and “Williams 2” Gold Zones with 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.
These trends are interpreted to be related to a major rifting in the New Brunswick Geological events
and could represent a low sulphidation epithermal gold system. Along the OGT, the width of the
altered horizon varies from 5 to 250 meters with an average apparent thickness of 150 meters.
Numerous quartz veins, quartz veinlets, stockworks and breccias were observed mostly perpendicular
to the major trend and contain the gold mineralization. The OGT has never been drilled and many
gold zones were discovered during the summer 2020 exploration campaign.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
High-Grade Selected Grab Samples Assays on the Prolific O’Neil Gold Trend (OGT)*:
O’Neil Gold Zone (VG**): 128.5 g/t Au, 44.4 g/t Au, 38.8 g/t Au, 32.8 g/t Au, 23.1 g/t Au
Pepitos Gold Zone (VG**): 52.1 g/t Au, 16.1 g/t Au, 15.0 g/t Au, 13.1 g/t Au, 4.87 g/t Au
Lynx Gold Zone (VG**): 241.0 g/t Au, 79.8 g/t Au, 74.2 g/t Au, 63.5 g/t Au, 58.4 g/t Au
Chubby Zone Area: 3.5 g/t Au, 1.2 g/t Au, 1.2 g/t Au, 0.45 g/t Au
Moose Gold Zone: 2.4 g/t Au, 2.1 g/t Au, 1.3 g/t Au, 1.1 g/t Au
* Selected rock grab samples are selective by nature and may not represent the true grade or style
** VG: Visible Gold
QUALIFIED PERSONS
Dominique Gagné, PGeo, independent 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% passing 75 microns (Prep -31B). A 30 -
gram subsplit from the resulting pulp was then subjected to a fire assay (Au-ICP21). 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.
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Learn more by consulting www.explorationpuma.com for further information on Puma.
Marcel Robillard, President, (418) 750-8510; [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, uncerta inties 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 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.