PUMA Exploration Identifies More High-Grade GOLD Veins with up to 199 G/T* Au from Surface Sampling ON Its Williams Brook GOLD Property, Atlantic Canada
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
PRESS RELEASE
PUMA EXPLORATION IDENTIFIES MORE HIGH-GRADE GOLD VEINS WITH UP TO 199 G/T* AU
FROM SURFACE SAMPLING ON ITS WILLIAMS BROOK GOLD PROPERTY, ATLANTIC CANADA
Rimouski, October 14 th, 2021 – Puma Exploration Inc., PUMA -TSXV, (the “Company” or “Puma”) is
pleased to provide additional results, which include very high-grade gold assays of 199 g/t Au, 192
g/t Au , and 170.5 g/t Au , from the 2021 field exploration surface sampling program on the 100%
controlled Williams Brook Gold Property in New Brunswick, Atlantic Canada.
Table 1. Selected High-Grade Grab Samples* Collected at Surface Between Lynx and Chubby Zones
Location Sample Utm X Utm Y Lithology Type Au (g/t) Ag (g/t)
Lynx-Chubby C099429 660268 5259314 Quartz Vein o/c 199.00 18.60
Lynx-Chubby C099436 660263 5259312 Quartz Vein o/c 192.00 36.20
Lynx-Chubby D279831 660259 5259307 Quartz Vein o/c 170.50 38.20
Lynx-Chubby C733348 660281 5259306 Quartz Vein o/c 52.10 1.88
Lynx-Chubby D279829 660257 5259296 Quartz Vein o/c 51.40 22.90
Lynx-Chubby C733344 660279 5259305 Quartz Vein o/c 50.40 2.75
Lynx-Chubby D279787 660286 5259367 Quartz Vein o/c 46.80 1.40
Lynx-Chubby C099424 660275 5259314 Quartz Vein o/c 46.00 6.29
Lynx-Chubby C099448 660281 5259314 Quartz Vein o/c 31.60 1.71
Lynx-Chubby D279673 660304 5259362 Quartz Vein o/c 31.00 2.74
Lynx-Chubby C099433 660265 5259313 Quartz Vein o/c 28.60 3.42
Lynx-Chubby C099431 660267 5259313 Quartz Vein o/c 26.30 3.43
Lynx-Chubby D279681 660304 5259360 Quartz Vein o/c 21.30 3.35
Lynx-Chubby C099437 660261 5259311 Quartz Vein o/c 19.50 2.13
Lynx-Chubby D279638 660290 5259347 Rhyolite o/c 18.95 1.35
Lynx-Chubby C099423 660276 5259314 Quartz Vein o/c 12.65 5.76
Lynx-Chubby D279818 660265 5259276 Rhyolite o/c 9.54 0.75
Lynx-Chubby D279752 660275 5259365 Quartz vein o/c 9.19 0.81
Lynx-Chubby C099445 660279 5259314 Quartz Vein o/c 9.02 2.40
Lynx-Chubby D279763 660278 5259364 Quartz vein o/c 8.81 0.99
Lynx-Chubby C099497 660263 5259341 Quartz Vein o/c 7.46 0.27
Lynx-Chubby D279513 660289 5259307 Quartz Vein o/c 6.73 2.19
Lynx-Chubby D279555 660267 5259359 Quartz vein o/c 6.29 0.45
Lynx-Chubby C099464 660258 5259325 Quartz Vein o/c 5.83 0.10
Lynx-Chubby C099430 660268 5259313 Quartz Vein o/c 5.69 2.59
Lynx-Chubby D279830 660259 5259297 Quartz Vein o/c 5.35 8.27
* Selected rock grab samples are selective by nature and may not represent the true grade or style
The systematic surface sampling program was conducted along the O’Neil Gold Trend (OGT)
between the Lynx and Chubby Gold Zones, following the 2021 spring-summer stripping and detailed
mapping operations. The significant new grab samples are illustrated in Figure 1.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Figure 1. New Selected Grab Samples* Collected Along the OGT Between the Lynx and Chubby
The first 380 surface grab samples received , so far, illustrate perfectly the very high -grade gold
enrichment contact between the sediments and the rhyolite. The arithmetic average of the 380 new
samples collected is 3.14 g/t Au which includes all the results from below detection limit to a maximum
value of 199 g/t Au. A total of 103 samples returned values over 0.3 g/t Au including 66 that assayed
better than 1.0 g/t Au. The assay results from an additional 214 samples from the current systematic
surface sampling program between the Lynx and Chubby Gold Zones are still pending and are shown
on Figure 1 towards the Chubby Gold Zone.
INAUGURAL DRILLING PROGRAM AT WILLIAMS BROOK GOLD PROJECT
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 first six holes were released mid -September and all six (6) 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 12 drill holes.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Marcel Robillard, President and CEO, stated: "Once again our Williams Brook Gold Project rewards us
with tremendous gold results from our grab sampling program . We proved that the assays fr om
surface grab samples can be duplicated by the drilling results. The first six (6) holes released (see news
15/09/2021) are representative of the mineralisation outline d at surface and w e are extremely
confident that the next drill campaign will be a success”.
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
scheduled for later in 2021. Also, a ground IP geophysical test survey is in progress over the OGT to
see if the high-grade gold zones have a specific geophysical signature. Current work programs are
highlighted in Figure 2.
Figure 2. Current Work-in-Progress at O’Neil Gold Trend
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 occurences followed by trenching and drilling over a strike length of 700 meters.
The geophysical signature of th e OGT is expressed over 7km. The favourable unit (rhyolite) 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 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.
Discovery hole WB21-02 intersected 5.55 g/t Au over 50.15 meters from surface. The mineralised and
altered zone drilled includes two main high-grade intercepts of 9.88 g/t Au over 8.60 meters and 46.94
g/t Au over 3.85 meters. All the six (6) first holes intersected significant high -grade gold quartz veins
and quartz networks within the altered and mineralised rhyolite.
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.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
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 crush ed 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 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 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.