Puma Exploration Drills Visible Gold in 2023 Drilling Program at Williams Brook
News Release
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Puma Exploration Drills Visible Gold in 2023
Drilling Program at Williams Brook
Rimouski, August 2, 2023– Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the “Company” or
“Puma”) is pleased to announce that the first drill holes of the 2023 drilling program at the Lynx Gold Zone
successfully intercepted the favourable rhyolite/sediment contact at depth with a series of quartz veins with
associated sulphide mineralization that typically carries gold. Several specks of visible gold ( “VG”) were
also observed in quartz veins. Pictures of the core are shown below.
DRILLING HIGHLIGHTS
• The 11 drill holes completed show pervasive alteration and mineralization (py-cpy-ga-sph-mal) that
typically carries high-grade gold mineralization;
• The favourable rhyolite/sediment contact has been intersected at depth and shows continuity;
• The projected and tar geted high-grade gold shoot area shows significant sulphide mineralization,
pervasive alteration, and specks of visible gold in two holes (WB23-129 and WB23-132);
• Hole WB23-132 hosts visible gold at 87 m downhole, the deepest occurrence of VG so far.
Puma’s President and CEO Marcel Robillard commented, "Our preliminary observations of the drill core are
very exciting. We successfully hit the favourable contact and intercepted several quartz veins with pervasive
alteration and sulphides (py -ga-cpy-sp-mal) at about 100 m vertical depth – 50 m deeper than what was
drilled previously. We know that quartz veins with sulphides near the favourable contact are an excellent
indicator of gold mineralization, as evidenced by the presence of visible gold in 2 holes along the interpreted
high-grade gold shoot. These preliminary observations indicate that our model is sound and confirm that a
significant gold deposit is possible at the Williams Brook Gold Project".
Puma has completed approximately 20% of its ongoing 2023 drilling program at its flagship 100% -owned
Williams Brook Project in Northern New Brunswick, Atlantic Canada. The fully -funded program includes a
minimum of 6,000 m of drilling in separate phases aimed to extend the high -grade gold mineralization at
depth and along strike of the Lynx Gold Trend (“LGT”) and test other new surface gold discoveries. To date,
eleven (11) drill holes for 1,275 m have been completed (see Figure 1) that successfully intercepted the
depth extensions of the high-grade shoots defined by previous drilling programs. Assay results are pending
and will be announced when received.
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2023 Drilling Program – Phase 1
2,500 metres of drilling is planned for Phase 1 of the 2023 drilling program at the Lynx Gold Zone. This first
phase is focused on the Lynx and Moose areas (see Figure 1) and is designed to confirm and extend high-
grade gold mineralization at depth and along strike.
Figure 1. Map of the Lynx Gold Zone drill intercepts over 25 MF (g/t * thickness)
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Picture 1. Visible gold intersected in the current drilling program
Picture 2. 12.2 m of quartz veins / brecciated stockwork with galena @ 16.0m downhole depth (WB23-122)
Picture 3. Quartz veins / Brecciated stockwork with py+ga+cpy @ 86.4 m downhole depth (WB23-124)
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Picture 4. Quartz veins – stockwork with limonite and sulphides @ > 100 m downhole depth (WB23-125)
Table 1. Coordinates and depth of holes drilled to date
DDH # Station Easting (m)* Northing (m)* Elevation (m) Azimuth (°) Dip (°) Length (m)
WB23-122 L090E 660246 5259235 386 335 -45 107.0
WB23-123 L090E 660256 5259214 386 335 -65 83.0
WB23-124 L120E 660213 5259379 392 155 -80 122.0
WB23-125 L140E 660263 5259293 386 330 -45 170.0
WB23-126 L160E 660242 5259412 389 155 -65 80.0
WB23-127 L160E 660237 5259421 389 155 -75 134.0
WB23-128 L140E 660236 5259382 389 155 -85 116.0
WB23-129 L180E 660263 5259417 389 155 -65 65.0
WB23-130 L100E 660207 5259347 388 155 -80 113.2
WB23-131 L115E 660227 5259340 389 165 -65 89.0
WB23-132 L230E 660303 5259443 388 230 -45 196.0
* Projection: UTM Nad83 zone 19 Total: 1,275m
About the Williams Brook Gold Project
Puma's flagship Williams Brook Gold Project covers an impressive 44,650 ha of prospective gold
landholdings in Northern New Brunswick, an established and mining-friendly jurisdiction near paved roads
and with excellent infrastructure nearby. The nearby towns of St -Quentin and Bathurst have a history of
forestry and mining. The local communities support the indus try and host a skilled labour force. The land
package is 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.
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Since 20 21, and with only $ 7M of exploration investment, Puma has made four (4) significant gold
discoveries at the Williams Brook property - the Lynx, Cougar, Jaguar, and Panthera Gold Zones, with gold
mineralization hosted in quartz veins at surface. The Lynx Gold Zone remains the company’s focus. Still, Puma
believes that a large orogenic/epithermal gold system is present at Williams Brook and is focused on
building a gold camp on the large property package.
Figure 2. Main gold showings and occurrences at the Williams Brook Gold Project
Qualified Person
The technical information of this release was reviewed and approved by Dominique Gagn é, PGeo, a
consultant of Puma and a qualified person as defined by the National Instrument 43 -101 - Standards of
Disclosure for Mineral Projects.
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 -assayed (Au-ICP21). The remaining coarse
reject portions of the samples remain in storage for further work or verifi cation as needed. As part of its
QA/QC program, the Company inserts external gold standards (low to high grade) , blanks and duplicates
for every batch of samples.
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All samples over 10 g/t gold or with abundant visible gold are analyzed with a 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 near
New Brunswick, Canada's Famous Bathurst Mining Camp ("BMC"). The Company is committed to deploying
its DEAR strategy (Development, Exploration, Acquisition, and Royalties) to generate maximum value for
shareholders with low share dilution.
Connect with us on Facebook / Twitter / LinkedIn.
Visit www.explorationpuma.com for more information or contact:
Marcel Robillard, President and CEO, (418) 750-8510;
Mia Boiridy, Head of Investor Relations and Corporate Development, (250) 575-3305;
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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 several 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
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