Puma Exploration Concludes 2025 Drilling at Lynx, VG Observed in Several Holes
News Release
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Puma Exploration Concludes 2025 Drilling at
Lynx, VG Observed in Several Holes
Highlights
• 3,662 m in 15 drill holes were drilled at the Lynx Gold Zone (“LGZ”).
• Visible gold (“VG”) was observed in 6 separate drill holes.
• All but one hole intercepted the favourable rhyolite/sediment contact.
• Altered quartz veins containing sulphides and visible gold were intercepted in fresh rock under
the surface oxidized units.
• WB25-181 intersected multiple grains of VG at a downhole depth of 355 m, representing the
deepest VG occurrence to date (see September 4, 2025 News Release).
• WB25-190 shows intense quartz veining with sulphides in the first 50 m and grains of VG at 43.85
m downhole depth, extending the Lynx Gold Zone by 200 m to the southwest.
• The gold mineralization at Lynx now extends to 800 m along strike, 50 m wide and a vertical
depth of 250 m, and it remains open in all directions.
Rimouski, Québec – October 15, 2025 – Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the
“Company” or “Puma”) is pleased to announce that it has completed its 2025 drilling program at the Lynx
Gold Zone of its Williams Brook Gold Project in Northern New Brunswick. Visible gold (VG) was observed
in several drill holes, thereby increasing the limits of the known mineralized zone to 800 metres along
strike, 50 metres in width and 2 50 metres in depth. Assays are pending and will be released when
received.
Marcel Robillard, Puma’s president and CEO, commented, “We are pleased with what we see in the drill
core. We successfully hit the mineralization we were targeting, and the occurrence of visible gold in these
step-out holes is significant. Preliminary observations suggest that the Lynx Gold Zone is larger than
previously thought and that future drilling could expand it further.”
The 3,662 m drilling campaign was fully funded by the optionee, Kinross, and forms part of its C$2 million
exploration commitment for 2025. The joint Puma/Kinross technical committee devised the drilling
program to follow up on high-grade gold-bearing quartz veins discovered by Puma’s previous trenching
and drilling at the LGZ from 2021 to 2023 (to read Puma’s previous News Releases, click here).
The 2025 drilling successfully intersected the targeted mineralization , providing further insights into
structural patterns and lithological contacts at the LGZ. Visible gold in 6 of the 15 holes (Figure 1) was
observed in drill core drilled outside of the known limits of the Lynx Gold Zone . Visible gold was
intersected subsurface in hole WB25 -190 (43.85 m downhole depth), collared 150 m s outhwest of the
Lynx Gold Zone, while other occurrences of VG were observed much deeper in the holes, up to 355.33 m
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downhole in hole WB25-181 (Table 1, Image 1). Of note, the zone remains open at depth and along strike
to the NE and SW.
Figure 1. Location of 2025 drillholes at the Lynx Gold Zone
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Image 1. Visible gold observed in drill core
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Table 1. Drill hole coordinates and occurrences of visible gold (“VG”)
HOLE ID Easting Northing Elev. Az.
(TN)
Dip Depth
(m)
Visible Gold
depth (m)
WB25-176 660173 5259511 377 120 -49 194
WB25-177 660309 5259607 384 120 -51 156
WB25-178 660384 5259646 384 120 -51 135
WB25-179 660331 5259743 382 120 -47 189
WB25-180 660189 5259626 376 113 -56 282
WB25-181 659958 5259665 365 118 -46 387 355.30
WB25-182 660032 5259466 366 92 -47 318
WB25-183 660032 5259466 366 130 -47 231
WB25-184 660008 5259410 367 142 -47 243
WB25-185 659994 5259237 364 120 -53 225 185.60 -186.05
WB25-186 659948 5259127 365 115 -47 318
WB25-187 659952 5259194 381 120 -45 261 203.15, 205.25,
206.05
WB25-188 660009 5259304 389 120 -45 216 136.70-136.79,
166.02
WB25-189 659919 5259349 387 120 -47 291 236.95
WB25-190 660009 5258963 365 110 -46 216 43.85
Total drilled 3,662 m
Ongoing Summer Exploration Program at Williams Brook
As announced on September 4, 2025, the summer program included channelling at the Lynx Gold Zone,
as well as prospecting, trenching, and excavating over the entire Williams Brook Project, including the
Jonpol /Portage properties. Results are expected to be announced shortly.
Grant of Options
In accordance with its stock option plan and pending regulatory approval, Puma has granted a total of
4.5 million incentive Stock Options (“Options”) to Company directors, certain advisors, and consultants,
that vest immediately. These options are exercisable at $0.18 per common share until October 15, 2029.
About the Williams Brook Project
The Williams Brook Project (40,225 ha), optioned to Kinross Gold Corp (see October 24, 2024 News
Release), comprises the Williams Brook Property, the Jonpol Property and the Portage Property. To earn a
65% interest in the project, Kinross can finance a minimum of $16.75 million in exploration expenditures
over the next five years (including a firm commitment of $2 million with at least 5,000 metres of drilling in
the first 18 months).
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About Puma’s Assets in New Brunswick
Puma has accumulated an impressive portfolio of prospective gold landholdings strategically located
close to roads and infrastructure in Northern New Brunswick, including the Williams Brook Project and the
new McKenzie Gold Project.
Both are located near the Rocky Brook Millstream Fault (“RBMF”), a major regional structure formed during
the Appalachian Orogeny and a significant control for gold deposition in the region. Puma’s work to date
has focused on the Williams Brook property, but prospecting and surface exploration work on its other
properties have confirmed their potential for significant gold mineralization.
About Puma Exploration
Puma Exploration is a Canadian mineral exploration company focused on identifying and developing a
pipeline of precious metals projects in New Brunswick, near Canada's Renowned Bathurst Mining Camp.
Puma has a long history in Northern New Brunswick, having worked on regional projects for over 15 years.
Puma’s successful exploration methodology, which combines traditional prospecting methods with
detailed trenching and cutting-edge technologies such as Artificial Intelligence, has been instrumental in
facilitating an understanding of the region's geology and associated mineralized systems. Armed with
geophysical surveys, geochemical data, and consultants’ expertise, Puma has developed a cost-effective
exploration tool to discover gold at shallow depths and maximize drilling results.
Connect with us on Facebook, X, or LinkedIn.
Visit www.explorationpuma.com for more information or contact:
Marcel Robillard, President and CEO.
(418) 750-8510; [email protected]
Mia Boiridy, Head of Investor Relations and Corporate Development.
(250) 575-3305; [email protected]
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