PUMA Exploration Launches a District-Scale Airborne Geophysical Survey FOR Its Triple Fault GOLD Project IN New Brunswick, Atlantic Canada
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
PRESS RELEASE
PUMA EXPLORATION LAUNCHES A DISTRICT-SCALE AIRBORNE GEOPHYSICAL SURVEY
FOR ITS TRIPLE FAULT GOLD PROJECT IN NEW BRUNSWICK, ATLANTIC CANADA
Rimouski, January 6th, 2021 – Puma Exploration Inc., PUMA-TSXV, (the “Company” or “Puma”) is
pleased to announce that it has contracted Geotech Ltd. of Aurora, Ontario to carry out a
helicopter-borne survey (VTEMtm Plus) to cover the Company’s flagship 100%-owned Triple Fault
Gold Project (19,000 hectares). The survey area is approximately 2,855 lines-kms over 2 blocks with
detailed line spacing of 100 meters (see Figure 1).
Figure 1: Airborne Geophysical Survey at Triple Fault Gold Project
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Modelling this new airborne geophysics data, which covers known gold mineralization and gold
trends on the Williams Brook property, will be conducted in combination with the analysis of
previous drilling, geochemical anomalies, and new geologic information collected during the
current trenching and stripping program to quickly refine and prioritize drill targets for the next
phase of exploration on the Williams Brook property.
Figure 2: Main Gold Trends on the Williams Brook Property
To date, four (4) multi-kilometer-scale parallel target areas have been identified on the Williams
Brook property (see Figure 2). Within these major gold trends, a very limited amount of drill testing
has been conducted, which has demonstrated the presence of sign ificant gold mineralization
grading up to 11.2 g/t Au over 2.8m and 1.0 g/t Au over 23.0m. The newly discovered O’Neil Gold
Trend follows over 5 km and has never been drilled.
“With the addition of the new airborne survey, which should show distinctive signatures over areas
of known mineralization, along with the new exploration results from the current 2020 trenching
program (with more than 800 samples results pending), the Company will be able to develop a
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
predictive model of the geologic al and structural controls for gold mineralization and to guide
future gold exploration in the area.” Notes Marcel Robillard, President and CEO of Puma
Exploration.
The survey will also cover the 100%-owned Jonpol Gold, Portage Lake, and Murray Brook West
properties, for which the new accurate and detailed data will be useful to initiate field exploration
next summer on these properties.
Figure 3: The Triple Fault Gold Project Properties Covered by the Airborne Survey
Marcel Robillard, Puma's President & CEO stated, “The acquisition and modelling of this airborne
geophysical survey is a major step for the entire Triple Fault Gold project, which was only acquired
in 2020. The combination of significant recent discoveries in addition to the geochemical and
geophysical data layers will allow Puma to refine and prioritize drill targets with the objective of
identifying areas with the best gold potential. We look forward to providing additional updates
on the field work programs on the Williams Brook property.”
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
O’NEIL GOLD TREND (OGT)
The first phase of the 2020 summer exploration program lead to the discovery of the GOLD O’Neil
Showing with the presence of a significant and pervasive potential gold trend over 5.0 km along
the O’Neil Gold Trend (OGT). The O’Neil Showing consists of an a ltered and brecciated rhyolite
injected with quartz veins and quartz stockworks. The altered and brecciated rhyolite is open in
all directions.
The highest gold sample, grading 128.0 g/t Au, is part of the main quartz vein (ranging from 30 -
50 cm) followed and sampled, so far, over 10 meters in length. The average gold grade sample
of the vein of 30.86 g/t Au over 10 meters (128.0 g/t Au, 35.2 g/t Au, 18 g/t Au, 14.5 g/t Au, 10.25
g/t Au, 8.33 g/t Au and 1.74 g/t Au), was estimated from chip and grab sample s collected
continuously every 1.5 meters on the main vein.
Following the hand and shovel cleaning of the main vein, surrounding quartz stockworks and
veinlets within the rhyolite were found, sampled and reported respectively high grade gold of
16.90 g/t Au, 8.24 g/t Au, 6.14 g/t Au, 3.57 g/t Au, 2.2g/t Au, and 1.14 g/t Au.
TRIPLE FAULT GOLD PROJECT
The Triple Fault Gold Project includes three (3) properties named Williams Brook, Jonpol Gold, and
Portage Lake, covering more than 41,500 hectares of favorable gold exploration land package.
The project is located about 60 km west of Bathurst with the pav ed road cross -cutting the
property.
Puma is currently focusing its field work on its first priority, the Williams Brook property. The Williams
Brook property includes 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, gold occurrences grading up to 109.0 g/t Au, 50.8 g/t Au, 38,9 g/t Au in bedrock,
numerous gold soil anomalies and extremely anomalous till samples with up to 508 gold grains
that occur over an area approximately 12 by 3 kilometers.
There has been very limited drilling and exploration in the area mapped to be part of the
Dunnage Zone hosting major gold deposits and gold occurrences in siluro -devonian rocks and
considered as an emerging gold exploration and development district.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
QUALIFIED PERSONS
Dominique Gagné, PGeo, independ ent 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). Rock
sample ICP results with gold >1g/t were subjected to a metallic screening (Au -SCR24) 1kg pulp
screened to 100 microns. 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.pumaexploration.com for further information on Puma.
Marcel Robillard, President, (418) 724-0901; [email protected]
Christian Tweedy, Communications, (604) 619-5810; [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
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
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.