PUMA Exploration Drills 5.11 G/T Au over 8.35 Meters Within a Broader Zone Grading 0.82 G/T Au over 78.75 Meters at Williams Brook GOLD Property
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
PRESS RELEASE
PUMA EXPLORATION DRILLS 5.11 G/T AU OVER 8.35 METERS WITHIN A BROADER ZONE
GRADING 0.82 G/T AU OVER 78.75 METERS AT WILLIAMS BROOK GOLD PROPERTY
Rimouski, November 11 th, 2021 – Puma Exploration Inc., PUMA-TSXV, (the “Company” or “Puma”) is
pleased to announce the results from the last six (6) holes drilled within the inaugural drilling program
at its Williams Brook Gold Project located in New Brunswick, an emerging new gold district of Atlantic,
Canada.
These six (6) holes were collared to verify the continuity of the gold mineralisation along strike toward
the O’Neil Gold Zone (holes WB21-13 and WB21-18) and toward the Chubby Gold Zone (holes WB-14
to WB21-17). These results clearly show that the gold mineralised envelope is open in both directions.
The mineralised zone is particularly well recognised toward the Chubby Gold Zone where hole WB21-
16 intersected from surface a broad mineralised a nd altered zone of 78.75 meters grading 0.82 g/t
Au including a higher grade core of 5.11 g/t Au over 8.35 meters (see Figure 1 and Table 1).
Figure 1: Alteration and Mineralisation Intersected in Drillhole WB21-16
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Marcel Robillard, president and CEO of Puma Exploration commented: “With the complete results in
hand from the 2,360 meters of core -oriented maiden drilling campaign that tested the O'Neil Gold
Trend, we now better understand the different parameters of this highly potential new gold discovery
(see Figure 2) . We are very enthusiastic and P uma will continue to build on the success of its
systematical and disciplined exploration by uncovering new gold -bearing quartz veining systems
along the sediment -rhyolite contact. We have found gold on surface for more than 350 meters of
strike to date, and this is not over yet!”
Figure 2: Mineralised and Altered Zone Defined by the 2021 Inaugural Drilling Program
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Table 1. Significant Drill Results for WB21-13 to WB21-18*
Hole ID From (m) To (m) Lenght (m) Au (g/t)
WB21-13 23.65 73.00 49.35 0.30
incl. 24.65 35.00 10.35 1.27
incl. 25.25 33.00 7.75 1.49
incl. 25.25 27.25 2.00 3.34
incl. 26.70 27.25 0.55 7.53
and 32.00 33.00 1.00 4.06
69.00 69.30 0.30 2.71
WB21-14 8.00 36.40 28.40 0.70
incl. 23.70 33.80 10.10 1.86
incl. 32.70 33.80 1.10 16.70
118.00 118.55 0.55 0.67
WB21-15 5.95 14.40 8.45 0.10
incl. 9.50 10.10 0.60 0.84
WB21-16 2.30 109.40 107.10 0.62
incl. 9.60 88.35 78.75 0.82
incl. 9.60 24.50 14.90 1.34
incl. 9.60 11.70 2.10 8.42
10.15 10.55 0.40 25.10
and 42.95 88.35 45.40 1.00
incl. 70.50 88.35 17.85 2.40
incl. 80.00 88.35 8.35 5.11
incl. 80.00 80.60 0.60 48.00
and 86.85 87.30 0.45 10.60
and 88.00 88.35 0.35 25.30
WB21-17 4.00 114.50 110.50 0.35
incl. 4.00 40.00 36.00 0.43
incl. 4.00 11.50 7.50 2.00
incl. 4.00 7.25 3.25 4.50
incl. 5.15 6.00 0.85 15.15
and 103.70 114.50 10.80 2.13
incl. 107.00 111.65 4.65 4.85
incl. 107.00 107.60 0.60 30.10
WB21-18 24.50 67.00 42.50 0.11
incl. 24.50 36.00 11.50 0.34
incl. 24.50 26.80 2.30 1.61
incl. 24.85 26.00 1.15 2.31
and 35.60 36.00 0.40 0.40
and 62.00 63.00 1.00 0.41
and 87.70 88.80 1.10 0.56
* Stated lengths in meters are downhole core lengths and not true widths. True widths will be
calculated once more drilling confirms the geometry of the quartz-sulphide system.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
SUMMARY OF THE INAUGURAL DRILLING PROGRAM AT WILLIAMS BROOK
■ The holes intersected continuous pervasive alteration and mineralisation from surface:
■ WB21-01 grades 1.30 g/t Au over 25.6m including 5.50g/t Au over 6.4m
■ WB21-02 grades 5.50 g/t Au over 50.5m including 46.94 g/t Au over 3.9m
■ WB21-03 grades 0.55 g/t Au over 37.6m including 7.81 g/t Au over 2.2m
■ WB21-05 grades 1.00 g/t Au over 26.4m including 12.64 g/t Au over 2.0m
■ WB21-06 grades 1.16 g/t Au over 48.7m including 16.92 g/t Au over 2.9m
■ WB21-07 grades 0.46 g/t Au over 25.6m including 5.40 g/t Au over 0.9m
■ WB21-08 grades 0.46 g/t Au over 25.5m including 8.96 g/t Au over 1.1m
■ WB21-09 grades 1.07 g/t Au over 36.0m including 15.52 g/t Au over 1.7m
■ WB21-10 grades 1.07 g/t Au over 14.4m including 4.17 g/t Au over 2.0m
■ WB21-12 grades 1.00 g/t Au over 40.6m including 6.93 g/t Au over 3.8m
■ WB21-13 grades 0.30 g/t Au over 49.4m including 7.53 g/t Au over 0.6m
■ WB21-14 grades 0.70 g/t Au over 28.4m including 16.7 g/t Au over 1.1m
■ WB21-16 grades 0.82 g/t Au over 78.8m including 5.11 g/t Au over 8.4m
■ WB21-17 grades 0.35 g/t Au over 110.5m including 4.85 g/t Au over 4.7m
■ Very high-grade samples collected at depth are representative of surface grab samples:
■ WB21-02 grades 69.9 g/t Au over 1.0m at 46.5m down the hole
■ WB21-03 grades 23.1 g/t Au over 0.65m at 56.85m down the hole
■ WB21-06 grades 72.1 g/t Au over 0.30m at 47.6m down the hole
■ WB21-14 grades 89.1 g/t Au over 0.20m at 33.6m down the hole
■ WB21-16 grades 48.1 g/t Au over 0.60m at 80.0m down the hole
■ WB21-17 grades 30.1 g/t Au over 0.60m at 107.0m down the hole
■ Significant gold mineralisation is extending in the deeper holes:
■ WB21-04 grades 2.84 g/t Au over 1.0m at 140.5m
■ WB21-07 grades 3.42 g/t Au over 0.35m at 149.65m
■ WB21-16 grades 25.3 g/t Au over 0.35m at 88.0m
■ WB21-17 grades 30.1 g/t Au over 0.6m at 107.0m
■ Significant high -grade gold mineralisation obser ved in the rhyolite is now recognized in the
sediments thus increasing the potential size of the favourable corridor. These drill intercepts are listed
here: 48.2 g/t Au over 0.4m, 22.2 g/t Au over 0.7m, 20.0 g/t Au over 0.5m, 19.9 g/t Au over 0.5m and
18.8 g/t Au over 0.5m.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Table 2. Technical Informations About the Drill Holes Released
Hole ID Utm X Utm Y Orientation Angle Lenght (m)
WB21-13 660235 5259260 N155º -45 º 110
WB21-14 660262 5259372 N155º -45 º 124
WB21-15 660262 5259372 N155º -65 º 83
WB21-16 660281 5259380 N155º -45 º 149
WB21-17 660281 5259380 N155º -55 º 242
WB21-18 660208 5259247 N155º -45 º 119
CURRENT WORK PROGRAM AT WILLIAMS BROOK GOLD PROJECT
Puma's technical team continues to better define and extend the gold zones on surface by
prospecting, trenching, stripping, and intense sampling in preparation for the next drilling campaign.
Additional grab samples results are pending, including the discovery of quartz veins with visible gold
between the Chubby and the Moose Gold Zones (see Figure 3).
Figure 3: Current Stripping Between the Chubby and Moose Gold Zones
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
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 previous
operator drilled in 2008, 54.2 g/t Au over 2.8 meters and 1 g/t Au over 23 meters.
These gold 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.
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 th e 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.
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 years 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.