PUMA Exploration Completes Property -Scale Airborne Radiometric Survey
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
PRESS RELEASE
PUMA EXPLORATION COMPLETES PROPERTY -SCALE AIRBORNE RADIOMETRIC SURVEY
Rimouski, December 06th, 2021 – Puma Exploration Inc. (TSXV: PUMA) (the “Company” or “Puma”) is
pleased to announce that it has completed a 2,185 line-km airborne radiometric survey that covers
the entirety of its 20,000 ha Williams Brook Property in New Brunswick, Atlantic -Canada. The
radiometric survey will help identify potassic alteration and potential associated gold mineralisation
across the property.
Figure 1: Heliborne Radiometric Survey in Progress at Williams Brook
In addition, building on the success of its inaugural drilling program , Puma extended its 2021 VTEM
and magnetic survey to cover an additional 1,015 line-km over the new claims staked and optioned
in 2021. The geophysical signature of Puma’s major discovery of 5.55 g/t Au over 50.15 m along the
O’Neil Gold Trend (“OGT”) (see Sept. 15, 2021 press release) will be applied to the new VTEM data set
to identify new prospective anomalies.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
The compilation and analysis of the new VTEM data along with the radiometric survey, the latest assay
results, and structural and surface mapping data will identify new drilling targets for Puma’s upcoming
10,000 m drilling program.
PAIRING GEOPHYSICS WITH THE LATEST DRILL RESULTS TO INFORM THE NEXT ROUND OF DRILLING
This summer, Puma successfully drilled 2, 300 m at Williams Brook and made a major discovery with
5.55 g/t Au over 50.15 m along the O’Neil Gold Trend ( “OGT”) within the inaugural drilling program
which include continuous and extensive gold mineralisation from surface as 1.16g/t Au over 48.70
meters. High-grade g old mineralisation was found to occur along the prominent geophysical
anomaly identified by the Winter 2021 survey, at the contact between rhyolite and sediments , in
networks of brecciated quartz veins. 3D structural analysis of the quartz veins is being carried out to
determine the orientation and dip of the high-grade gold-bearing veins to optimize future drilling
operations.
The 2021 VTEM survey indicated that the OGT extends for over 7 km. The newly expanded survey will
map the rhyolite and sediment contact across the 20,000 ha property. The geophysical signature of
Puma’s latest discovery will also be applied to the new data set to identify additional prospective
targets across the land package.
HIGH-RESOLUTION AIRBORNE RADIOMETRIC SURVEY
Epithermal gold deposits range from thin quartz veins to large disseminated deposits located in
various geological environments. They exhibit a wide range of geophysical signatures. Hydrothermal
alteration in these deposits causes pronounced changes in the physical properties of rocks. Magnetic
susceptibility and remanence decrease; potassium content commonly increases , causing an
increase in radioactivity; electrical resistivity changes by up to two orders of magnitude; and density
increases or decreases depending on the nature of the host rock and alteration processes.
Airborne radiometric surveys determine the natural radioactivity of near-surface rocks and soils using
a gamma-ray spectrometer installed in a helicopter. They are useful in mapping the large potassic-
alteration haloes of low sulphidation epithermal Au-Ag deposits that often extend over several square
kilometres.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Figure 2: Detailed Flight Path for the Entire Williams Brook Heliborne Geophysical Survey
QUALIFIED PERSON
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 fo r the adequacy or
accuracy of this release. Mr. Gagné is independent of the Company.
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 and base metals
projects in early to advanced stages located in the Famous Bathurst Mining Camp (BMC) in New
Brunswick, Canada. The Company is committed to its DEAR strategy (De velopment, 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;
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.
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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 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.