PUMA Exploration Discovers New Visible GOLD -Bearing Zone at Williams Brook GOLD Property
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
PRESS RELEASE
PUMA EXPLORATION DISCOVERS NEW VISIBLE GOLD -BEARING ZONE
AT WILLIAMS BROOK GOLD PROPERTY
Rimouski, November 04 th, 2021 – Puma Exploration Inc., PUMA -TSXV, (the “Company” or “Puma”) is
pleased to announce that its ongoing surface trenching and stripping programs have uncovered a
new 100 meter-long high density quartz veining zone with visible gold (VG) at its Williams Brook Gold
Project located in New Brunswick, an emerging new gold district of Atlantic, Canada.
A large zone of quartz veins and veinlets has been found by the continuous program of trenching
and stripping along the OGT. The new zone is located 150 meters NE of Lynx (see Figure 1). It can be
followed for more than 100 meters, so far, on surface, between the Chubby and Moose Gold Zones.
Visible gold (VG) has been identified in a quartz/iron oxides vein.
Figure 1: O’Neil Gold Trend New Discovery Map
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
This new occurrence of numerous gold-bearing quartz veins (see Figure 2) coincides with a sudden
change in the direction of the rhyolite/sediment contact as predicted by our structural model. As
other similar flexures of the lithological contact are expected, t renching and stripping will continue
moving NE along the OGT with two excavators, two trucks and one bulldozer as long as the weather
permits (see Figure 3).
Figure 2: Uncovered Intense Quartz Network Between the Chubby and Moose Gold Zones
Marcel Robillard, President and CEO, stated: “The discovery of this new significant high density quartz
veining zone containing visible gold confirms that the exploration model of our technical team works
perfectly. Actual stripping is widening this new go ld-bearing quartz zone in preparation for intense
sampling. The size, the abundance of quartz, the alteration and the visible gold make s this new
occurence a premium drill target!''
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
These gold bearing quartz veins networks are consistent along the favorable contact
sediment/rhyolite and recent sampling results (see PR 2021 -10-14) confirmed the presence of other
similar systems along strike within the 7 kilometers potential O’Neil Gold Trend. Stripping and intense
sampling will then be extended an a dditional 300 meters NE toward the Moose Gold Zone and
beyond.
Figure 3: Current Stripping Operation at the O’Neil Gold Trend (OGT)
O’NEIL GOLD TREND (OGT)
The O’Neil Gold Trend (OGT) is a pervasive altered and brecciated rhyolite unit hosting significant
gold showings and occurrences followed by trenching and drilling over a strike length of 700 meters.
The geophysical signature of the OGT is expressed over 7km. The favourable unit (r hyolite) is similar
and parallel to the structures hosting the “Williams 1” and “Williams 2” Gold Zones where in 2008,
previous operator drilled grades of 54.2 g/t Au over 2.8 meters and 1 g/t Au over 23 meters.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
These trends are interpreted to be related to a major rifting in the New Brunswick geological events
and could represent a low sulphidation epithermal gold system. Along the OGT, the width of the
rhyolite varies from 5 to 250 meters with an average apparent thickness of 150 meters.
The core-oriented maiden drill campaign was completed on August 20, 2021. It consisted of 18 holes
for a total of 2,360 meters that tested a 200-meter segment of the 700-meter-long O’Neil Gold Trend
(OGT). The assay results for the twelve (12) first holes are released and all holes intersected significant
gold mineralisation including the discovery hole WB21-02 that cut 5.55 g/t Au over 50.15 meters from
surface, including 9.88 g/t Au over 8.60 meters and 46.94 g/t Au over 3.85 meters. The assays are
pending for the remaining 6 drill holes.
High-Grade Selected Grab Samples Assays on the Prolific O’Neil Gold Trend (OGT)*:
O’Neil Gold Zone: 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: 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: 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
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% passi ng 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.
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. Great efforts will be made by the Company in the coming year s to deploy its
DEAR strategy (Development, Exploration, Acquisition and Royalties) in order to generate maximum
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 Sta tements: 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 we re 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.