PUMA Exploration Discover S Several New High -Grade GOLD Zones at Williams Brook , Including 51.73 G/T GOLD over 1.85 M
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
NEWS RELEASE
PUMA EXPLORATION DISCOVER S SEVERAL NEW HIGH -GRADE GOLD ZONES
AT WILLIAMS BROOK , INCLUDING 51.73 G/T GOLD OVER 1.85 M
Rimouski, June 8, 2022– Puma Exploration Inc. (TSXV: PUMA, OTC: PUXPF) (the "Company" or "Puma")
is pleased to report results from another 24 holes for 2,814 metres of its ongoing 10,000 metres 2022
drilling campaign at its 100%-owned Williams Brook Gold Project in Northern New Brunswick. S everal
new high-grade veins were intersected at shallow depth (from 0-50 metres), including 51.73 g/t Au
over 1.85 metres and 10.70 Au over 2.00 metres in hole WB22-66 and 35.09 g/t Au over 1.45 metres in
hole WB22-39. These two (2) new mineralized intersections are located 500 metres apart along the
O’Neil Gold Trend (“OGT”) that remains open in all directions (see Figure 1).
HIGHLIGHTS OF REPORTED HIGH-GRADE INTERSECTIONS*:
■ WB22-39: 11.71 g/t Au over 2.50 m (1.23 g/t Au over 24.70 m)
■ WB22-57: 35.09 g/t Au over 1.45 m (4.30 g/t Au over 12.30 m)
■ WB22-58: 16.85 g/t Au over 1.20 m (1.15 g/t Au over 23.00 m)
■ WB22-60: 21.00 g/t Au over 0.60 m (2.38 g/t Au over 6.20 m)
■ WB22-66: 51.73 g/t Au over 1.85 m (13.49 g/t Au over 7.15 m)
■ WB22-66: 10.70 g/t Au over 2.00 m (5.01 g/t Au over 4.40 m)
*Stated lengths in metres are downhole core lengths and not true widths.
True widths will be calculated once more drilling confirms the geometry of the quartz-sulphide system.
The high-grade gold discovery in hole WB22-66 is of particular interest. It was drilled in an area (gap)
between the Lynx and the Pepitos Gold zones where the thickness of the overburden prevented
stripping and trenching before drilling. More than 30 specks of visible gold ( “VG’’) were identified in
hole WB-22-66 (see Image 1) in an area that had not been sampled, indicating that the potential of
the OGT, especially in this area, may be even higher than initially anticipated.
A total of 43 holes for 5,203 metres in the current 10,000 metres drilling program have been reported
to date (including today results) . An additional 31 holes are now being logged with 2,127 core
samples in prep for analysis. Visible gold was identified in four (4) holes awaiting assaying (see Figure
1). Drilling is ongoing , with a total of 8,800 metres completed to date. The Company expects to
complete its 10,000 m program as planned this month. Pending assay results will be announced when
received, and news flow is expected to be continuous over the summer.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Figure 1: Location of reported drill holes (current release in pink)
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
"The results from our 10,000 metres 2022 drilling program provide us with phenomenal new information
to build our understanding of this exciting and prolific new Maritimes’ Gold District on the western
edge of the Bathurst Mining Camp. " said Marcel Robillard, President and CEO of Puma Exploration.
" We’ve already launched our fully financed summer field exploration program to identify drilling
targets for the fall program. Thanks to our loyal and supportive shareholders, we are fully funded, and
we will continue to aggressively develop Williams Brook.” added Marcel Robillard.
Image 1: More than 30 specks of VG in hole WB22-66 (51.73 g/t Au over 1.85 m)
"The ongoing 2022 drilling campaign , designed to confirm at shallow depth the alteration and
mineralization found at surface by the aggressive grab sampling program initiated in 2019, has proven
to be extremely successful. The OGT is now recognized and partly tested over 750 met res of strike
length, and it is still open!” added Réjean Gosselin, Executive Chairman of the Board.
Since exploration work began at the Williams Brook Gold Project in 2019, more than 95 holes for 11,100
metres have been completed on 750 metres of the OGT. Several holes have returned significant gold
intersections (see Table 1 and 2 ). These high-grade gold intercepts appear to be the surface
expression of a large and pervasive supergene gold enrichment from a low sulphidation epithermal
quartz sulphide system. The O’Neil Gold Trend is 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
Table1: Highlights of high-grade gold intersections at the OGT since 2021*
Hole ID From (m) To (m) Length (m) Au (g/t)
WB21-01 4.00 6.10 2.10 12.71
WB21-02 7.20 10.20 3.00 8.33
WB21-02 13.70 15.80 2.10 28.52
WB21-02 45.60 49.45 3.85 46.94
WB21-03 55.90 58.10 2.20 7.81
WB21-05 26.00 28.00 2.00 12.64
WB21-06 46.80 49.70 2.90 16.92
WB21-09 16.30 18.00 1.70 15.52
WB21-12 28.60 32.40 3.80 6.93
WB21-16 80.00 88.35 8.35 5.11
WB21-17 107.00 111.65 4.65 4.85
WB22-25 2.00 5.00 3.00 34.93
WB22-26 25.50 27.10 1.60 14.06
WB22-35 14.90 17.50 2.60 5.83
WB22-36 3.80 7.00 3.20 22.28
WB22-39 26.50 29.00 2.50 11.71
WB22-57 12.40 13.85 1.45 35.09
WB22-58 11.70 12.90 1.20 16.85
WB22-60 40.00 40.60 0.60 21.00
WB22-66 32.00 34.00 2.00 10.70
WB22-66 66.50 68.35 1.85 51.73
*Stated lengths in metres are downhole core lengths and not true widths.
True widths will be calculated once more drilling confirms the geometry of the quartz-sulphide system.
Table 2. Significant assay results from reported holes*
Hole ID From (m) To (m) Lenght (m) Au (g/t)
WB22-38 33.00 33.40 0.40 0.79
WB22-39 8.30 33.00 24.70 1.23
incl. 21.70 29.00 7.30 4.05
incl. 26.50 29.00 2.50 11.71
WB22-42 20.05 34.60 14.55 0.14
incl. 20.05 22.75 2.70 0.62
incl. 22.50 22.75 0.25 2.74
WB22-43 1.80 27.00 25.20 0.30
incl. 1.80 2.80 1.00 2.26
and 19.70 24.10 4.40 1.10
incl. 19.70 20.10 0.40 8.25
incl. 23.30 24.10 0.80 1.47
and 136.20 137.20 1.00 0.39
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Table 2. Significant assay results from reported holes (continued)*
Hole ID From (m) To (m) Lenght (m) Au (g/t)
WB22-44 24.60 28.85 4.25 0.47
incl. 24.60 26.15 1.55 0.98
WB22-45 28.10 35.65 7.55 0.27
incl. 28.10 28.75 0.65 1.91
incl. 35.00 35.65 0.65 0.88
WB22-46 11.10 29.60 18.50 0.16
incl. 23.20 24.00 0.80 3.43
WB22-48 assays pending
WB22-49 assays pending
WB22-50 10.00 29.05 19.05 0.11
incl. 20.45 20.70 0.25 2.45
incl. 27.85 28.25 0.40 2.00
WB22-51 4.05 17.50 13.45 0.18
incl. 4.05 4.60 0.55 3.73
WB22-52 8.00 15.30 7.30 2.13
incl. 9.90 11.90 2.00 3.08
incl. 13.80 15.30 1.50 5.17
WB22-54 17.95 25.50 7.55 1.05
incl. 17.95 18.65 0.70 2.72
incl. 21.40 25.50 4.10 1.46
incl. 24.80 25.50 0.70 5.81
WB22-55 30.35 40.95 10.60 0.31
incl. 30.35 31.00 0.65 4.89
WB22-56 48.35 49.00 0.65 0.56
WB22-57 2.70 15.00 12.30 4.30
incl. 2.70 3.50 0.80 1.97
and 9.55 13.85 4.30 11.91
incl. 12.40 13.85 1.45 35.09
and 66.40 67.40 1.00 0.45
and 71.50 72.30 0.80 0.56
WB22-58 8.00 31.00 23.00 1.15
incl. 8.00 16.00 8.00 3.28
incl. 10.10 12.90 2.80 8.57
incl. 11.70 12.90 1.20 16.85
WB22-59 23.90 28.25 4.35 0.59
incl. 27.00 28.25 1.25 1.26
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Table 2. Significant assay results from reported holes (continued)*
WB22-60 38.50 44.70 6.20 2.38
incl. 38.50 42.50 4.00 3.73
incl. 40.00 40.60 0.60 21.00
WB22-62 77.80 78.30 0.50 0.49
WB22-63 assays pending
WB22-64 assays pending
WB22-65 assays pending
WB22-66 30.60 35.00 4.40 5.01
incl. 32.00 34.00 2.00 10.70
and 66.25 73.40 7.15 13.49
incl. 66.50 68.35 1.85 51.73
*Stated lengths in metres are downhole core lengths and not true widths.
True widths will be calculated once more drilling confirms the geometry of the quartz-sulphide system.
Table 3: Coordinates of reported drill holes
DDH # Easting UTM Nad83 Northing UTM Nad83 Elevation (m) Az (°) Dip (°) Length (m)
WB22-38 660 351 5 259 553 387 160 65 137
WB22-39 660 346 5 259 540 387 155 65 128
WB22-40 660 341 5 259 527 388 155 65 152
WB22-41 660 332 5 259 522 387 155 65 137
WB22-42 660 332 5 259 501 388 155 65 146
WB22-43 660 322 5 259 497 388 155 65 140
WB22-44 660 332 5 259 479 386 155 45 118
WB22-45 660 332 5 259 479 386 155 65 92
WB22-46 660 327 5 259 466 388 155 45 79
WB22-47 660 327 5 259 466 388 155 65 97
WB22-50 660 321 5 259 452 388 155 65 65
WB22-51 660 323 5 259 425 388 155 45 116.5
WB22-52 660 323 5 259 425 388 155 65 89
WB22-53 660 323 5 259 425 388 65 45 86
WB22-54 660 323 5 259 425 388 65 65 65
WB22-55 660 303 5 259 405 390 155 45 104.5
WB22-56 660 294 5 259 423 390 155 65 163
WB22-57 660 294 5 259 386 390 155 45 86
WB22-58 660 294 5 259 386 390 155 65 100
WB22-59 660 285 5 259 404 390 155 65 117
WB22-60 660 213 5 259 317 389 115 65 230
WB22-61 660 190 5 259 328 388 115 65 138
WB22-62 660 192 5 259 327 388 155 45 100
24 Holes 2,814 Metres
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
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.
ON-SITE QUALITY ASSURANCE/QUALITY CONTROL ("QA/QC") MEASURES
Drill core samples are bagged, sealed and sent to the facility of ALS CHEMEX in Moncton, New
Brunswick, where each sample is crushed and pulped before being fire assay ed (Au-ICP21). The
remaining coarse reject portions of the samples remain in storage for further work or verification as
needed. As part of its QA/QC program, the Company inserts external gold standards (low to high
grade) and blanks every 20 samples in addition to standards, blanks, and duplicates. All samples over
10 g/t gold or with abundant visible gold are analyzed with gravity finish (Au-GRA22). Check assays
are routinely performed for samples with visible gold to ascertain the gold content of the
mineralization zone.
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;
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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.