PUMA Exploration Completes Its Winter Drilling Program and Outlines Its Summer Field Exploration Program at Williams Brook
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
NEWS RELEASE
PUMA EXPLORATION COMPLETES ITS WINTER DRILLING PROGRAM AND
OUTLINES ITS SUMMER FIELD EXPLORATION PROGRAM AT WILLIAMS BROOK
Rimouski, June 28, 2022 – Puma Exploration Inc. ( TSXV: PUMA, OTCQB: PUMXF) (the "Company" or
"Puma") has completed its winter-spring drilling program and launched its fully-funded 2022 summer
field exploration program at its Williams Brook Gold Project in New Brunswick, Atlantic Canada.
COMPLETION OF THE 10,000 METRES DRILLING PROGRAM ALONG THE OGT
Puma completed its 1 0,000 metres drilling program at the O’Neil Gold Trend (“ OGT”) that was
launched at the end of January 2022 . Ninety-seven (97) short holes were drilled for a total of 10, 348
metres. Results for the first 43 holes totalling 5,203 metres have been reported to date (see April 28,
2022 and June 8, 2022 News Releases ). The remaining 54 holes have been logged, and visible gold
was identified in five (5) holes. A total of 2,170 core samples have been sent to ALS CHEMEX for
analysis. Assay results will be announced when received . News flow from drill results is expected to
continue over the summer.
Picture 1: OGT main site drilling area
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
2022 SUMMER EXPLORATION PROGRAM
The fully -funded $2M summer program is devised to identify new areas of high -grade gold
mineralization at surface on Puma’s extensive 40,000 ha land package and prepare for a 2022-2023
drilling program.
Puma continuously refines its exploration model and discovery tools. In 2020, the Comp any
discovered the O’Neil Gold Trend from one initial 50 g/t Au grab sample. Puma then further defined
the OGT along a 750 metres strike length. This summer, the Company’s exploration program will be
guided by Mira Geoscience’s Mineral Potential Index ( “MPI”) map generated by compiling and
analyzing all the data gathered by Puma since 2019 (see Figure 1). The data set includes results from
more than 5,000 metres of trenching, 5,000 grab samples, 7,500 metres of drilling, property -wide
heliborne VTEM and radiometric surveys, structural data analysis from Terrane Geoscience and
previous geochemical soil and till surveys.
Figure 1: Map of prospective targets (credit: Mira Geoscience)
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
The MPI map shows that the OGT may extend more than 15 km and that other similar, highly
prospective areas are present on Puma’s large land package. Work will concentrate on the SW and
NE extensions of the currently defined OGT, the WB1 and WB2 gold occurrences (see the black circles
in Figure 1), and other areas of the Williams Brook property that have not been previously explored.
Following the Company’s demonstrated success, Puma will employ the same approach to identify
potential targets: prospecting, soil sampling, trenching and stripping. This proven discovery method
will identify new drilling targets for the fall and winter of 2022-2023. Puma has already begun stripping
the WB2 Gold Trend (see Picture 2) to extend and confirm the mineralization found by a previous
operator. Historical results, from Blue Note Mining’s work in 2008, include grab samples grading up to
5.4 g/t Au and drilling intersections of 23 metres of 1.05 g/t Au within a lower grade envelope of 0.52
g/t Au over 55 metres (WB08-03), 0.67g/t Au over 41 metres (WB08-04) and 0.21g/t Au over 64 metres
(WB08-05). With only limited exploration work conducted on the WB2 to date, Puma will employ its
systematic discovery tool to extend this gold zone.
Picture 2: Current stripping operation at the WB2 Gold trend.
HIGH POTENTIAL EXPLORATION MODEL
Puma’s surface and near-surface drilling results indicate that a large epithermal/orogenic system is
possible at Williams Brook. Gold mineralization at the O’Neil Gold Trend is characterized by significant
high-grade gold intercepts within a lower-grade envelope. This gold mineralization is interpreted to
be the surface expression of a large and pervasive supergene gold enrichment in a low to mid
sulphidation epithermal quartz sulphide system (Figure 2). The O’Neil Gold Trend could host one of
these multi-kilometric systems that are highly prospective for gold discoveries.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Figure 2: Potential large gold system at Williams Brook Gold Project
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.
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;
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
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 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.