PUMA Exploration Discovers More Quartz Veins and Visible GOLD at LYNX ON the Williams Brook GOLD Property IN New Brunswick, Canada
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
PRESS RELEASE
PUMA EXPLORATION DISCOVERS MORE QUARTZ VEINS AND VISIBLE GOLD AT LYNX ON THE
WILLIAMS BROOK GOLD PROPERTY IN NEW BRUNSWICK, CANADA
Rimouski, June 17th, 2021 – Puma Exploration Inc., PUMA-TSXV, (the “Company” or “Puma”) is pleased
to report the discovery of additional quartz veins and veinlets at surface at the Lynx Gold Zone. Visible
Gold (VG) has been observed in the quartz veins (Figure 1). The mineralisation is hosted in a strongly
altered rhyolite at the contact with sediments.
Figure 1: Additional Visible Gold Discovered at Lynx Gold Zone
Currently, stripping is in progress at Lynx with two (2) excavators allowing the cleaning and mapping
of the initial discovery and expanding the overall size of the gold zone at surface (Figure 2). “Puma's
systematic exploration program advances as expected and continues to deliver exceptional results.”
Notes Marcel Robillard, President and CEO of Puma Exploration.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
“The Company will mobilize the drill rig on site shortly to initiate its first drilling program at the Williams
Brook Gold Property.” Added Marcel Robillard
Figure 2: Current Stripping at Lynx Gold Zone in Preparation for Drilling Operations
Highlights :
■ More visible gold (VG) with sulphides (Sp-Ga-Cpy) was found at surface in quartz veins.
■ Many more quartz veins were discovered , so far, on Lynx. Those veins are part of a network of
crisscrossing veins and veinlets.
■ The Lynx Gold Zone is now exposed 90 meters long by 25 meters wide and is open in all directions.
■ The structural characterization by Stefan Kruse of Terrane Geoscience identified two main veins sets
hosting the mineralization (Figure 3).
■ The contact between the rhyolite and the sediments appears to be the main control of the gold-
bearing quartz veins.
■ The drill pads are prepared and ready for the drilling operations.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Figure 3: Two Main Veins Sets Hosting the Gold Mineralisation from O’Neil to Lynx
The 2021 summer field exploration program is targeting the Williams Brook Gold property (see Figure
4) with the focus on the recent major discovery named O’ Neil Gold Trend (OGT) followed by
trenching over 700m with bonanza grades up to 241.0 g/t Au (see news released 2021-03-31).
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 favourable unit (rhyolite) is si milar 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 N ew 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.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
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.
Figure 4: Williams Brook Gold Property Main Targets Areas
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
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
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 advanc ed 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 maximu m
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]
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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.