Puma Exploration Launches its 2025 Exploration Program at Williams Brook
News Release
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Puma Exploration Launches its 2025 Exploration
Program at Williams Brook
Rimouski, Québec - April 23, 2025 – Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the
“Company” or “Puma”) is thrilled to announce the launch of its 2025 exploration programs in Northern
New Brunswick. After weeks of compiling data, delivering assessment reports, and submitting permit
applications, Puma is eagerly anticipating its return to the field. The technical team will be mobilized the
first week of May, once the access roads to the different working areas are dry and safe.
Work in 2025 will focus primarily on the Williams Brook Project , following the signing of Kinross Gold
Corp’s Option Agreement last fall (see October 24, 2024 News release). The joint technical committee met
in March to finalize the details of this year’s C$2M committed exploration program. Four (4) full-time teams,
comprising one geologist and one technician each, will execute the fieldwork across the entire 40,225 -
hectare land package. The 9-month program has been strategically designed to include, but is not limited
to, 5,000 metres of drilling, more than 95 days of trenching, three (3) drone geophysical magnetic surveys
and general mapping and prospecting over the entire land package.
“I am delighted that Kinross supports our exploration methodology. We’ve demonstrated that trenching
and stripping programs lead to discoveries, and I am confident that this extensive program will bear fruit as
our exploration teams scour the properties. We’re planning to launch a 3,500-metre drilling program at the
Lynx Gold Zone in mid-June,” notes Marcel Robillard, President and CEO of Puma.
The Company anticipates that forthcoming assay results and real- time field assessments will guide the
expansion of drilling activities into additional high-priority areas over this season. News will be consistent
throughout the rest of 2025. It must be noted that the exploration programs can be modified at any time
according to the field discoveries, the availability of the technical teams and the weather conditions.
Puma also intends to advance exploration on its McKenzie Gold project in the second half of 2025. Once
the current targeting and planning operations are finalized, a more detailed work program will be shared.
News Release
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2025 WILLIAMS BROOK PROGRAM
Highlights
• 3,500 metres of drilling at the Lynx Gold Zone (Spring);
• Three (3) drone magnetic geophysical surveys (Spring);
• 95 days of trenching and stripping (all summer long);
• 90 days of mapping and prospecting;
• 1,500-metre drilling on the best targets defined during the summer on the property (Fall).
Figure 1. Planned work for 2025 on the main gold zones of the Williams Brook Project
Several areas that were prospected, mapped, trenched and drilled previously will be revisited during the
2025 field program. Trenching and stripping are proven low -cost activities that have successfully
discovered new gold zones, extended previously discovered gold zones and provided a better
understanding of the gold control system before initiating drilling operations. In 2024, Puma collected
more than 1,100 samples, including 388 samples from prospecting and 708 trench samples on various
gold occurrences on the large property package that will inform the upcoming field work.
News Release
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LYNX GOLD ZONE
A 3,500-metre drilling program is planned at the Lynx Gold Zone, which will start in mid-June.
The Lynx Gold Zone (“LGZ”), discovered in 2020 by high-grade surface sampling, was confirmed at depth
in 2021 with hole WB21- 02 that intersected 5.55 g/t gold over 50.15 metres from surface, including two
high-grade gold veins with 9.88 g/t gold over 8.60 m etres and 46.94 g/t gold over 3.85 m etres (see
September 15, 2021 News Release).
The high-grade gold mineralization is characterized by finely disseminated gold in quartz (veins, veinlets,
stockworks, breccias) affected by pervasive supergene alteration.
Highlights of the last drilling program at Lynx Gold Zone
• The 24 holes (3,475 m etres) drilled in 2023 successfully extended the width and length of the high-
grade gold shoots identified previously at the LGZ. They demonstrated the continuity of mineralization
over long intervals (see October 19, 2023, October 31, 2023, and November 16, 2023 News Releases
for the results below);
• Half the holes intersected visible gold between 100 metres and 211 metres downhole depth. Highlights
include 137.0 g/t gold over 0.60 metres (WB23-139), 96.0 g/t gold over 0.45 metres (WB23-139), 63.6
g/t gold over 0.30 metres (WB23-136), 16.85 g/t gold over 0.79 metres (WB23-137);
• High-grade gold mineralization was shown to start at surface. WB23-136 returned 30.90 metres grading
1.10 g/t gold from 8 metres depth, and WB23-137 returned 5.00 metres of 2.79 g/t gold from 2 metres
below surface;
• Hole WB23-125 intersected fifteen (15) separate quartz veins and returned 90 metres of 0.70 g/t gold
from surface (at 2.90 m etres) with an impressive 50.85 m etres of 1.05 g/t gold starting at 42 m etres
depth, including a 4.50 metres interval of 6.46 g/t gold at 75 metres depth;
• Hole WB23-139 intersected 63.05 metres at 2.49 g/t gold, including two (2) high-grade gold intervals
of 37.40 g/t gold over 2.50 metres and 21.66 g/t gold over 2.55 metres;
• Drilling showed that thick lower-grade gold envelopes surround the higher-grade gold shoots (0.49 g/t
to 0.67 g/t gold over 22.80 to 30.95 m etres), resulting in impressive lengths of continuous gold
mineralization, such as 100.90 metres of 1.25 g/t gold in WB23-142 and 98.05 metres of 1.24 g/t gold
in WB23-145;
• The Lynx Gold Zone now spans 750 metres along strike, 100 metres wide and 175 metres deep.
News Release
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CHEETAH GOLD ZONE
The Cheetah Gold Zone (“CHGZ”), discovered 4 kilometres along strike from the Lynx Gold Zone, returned
6.69 g/t gold* in initial trenching. Puma’s scouting drilling at the CHGZ yielded significant findings , such
as anomalous gold grade intercepts in similar stratigraphy and structures as those shown to host gold at
Lynx. In addition, drilling confirmed that quartz veins, discreet quartz injections (stockwork), and
hydrothermal alteration extend to at least 100 metres at depth. Further surface exploration work and
trenching will be undertaken at the CHGZ to determine if additional drilling is warranted. (see December
12, 2023 News Release).
COUGAR GOLD ZONE
The Cougar Gold Zone (‘’CGZ’’) is located about 4 k ilometres northeast of the Lynx Gold Zone and 1
kilometre southeast of the Jaguar Gold Zone (“JGZ”). A drilling intercept graded 54.20 g/t gold over 2.8
metres by previous operators in 2008. The CGZ is similar to the Lynx Gold Zone (“LGZ”) , with gold also
found in quartz veins near a rhyolite/sediment contact. High-grade gold in quartz veins was discovered in
three (3) small areas uncovered by stripping in 2021- 2022. Other grab samples returned 60.10 g/t gold*,
25.20 g/t gold* , 5.76 g/t gold*, and 3.17 g/t gold* . Further trenching is planned to uncover new
mineralization in 2025 (See November 2, 2022 News Release).
LION GOLD ZONE
Eleven (11) trenches for 1,256 metres were completed on the Lion Gold Zone (‘’LIGZ’’), a 2024 discovery.
The LIGZ is closely associated with a major fault, the McCormack Brook Fault. Prospection uncovered
altered sediment, a band of rhyolite and a large dike or a few mafic dikes with mineralized quartz veins
similar to the mineralization found at the LGZ and TGZ. High-grade quartz veins were traced over a strike
length of 550 metres and they returned up to 72.0 g/t gold* in a sample of quartz, oxidized sulphides and
fragments of altered rhyolite. The LIGZ will see most of the trenching and stripping activities of the 2025
program (See July 24, 2024 News Release).
JONPOL-PORTAGE PROPERTIES
The Jonpol and Portage properties host numerous gold occurrences associated with gabbroic intrusions
located along a major subsidiary of the Rocky Brook Millstream Fault ( “RBMF”). Historical grab samples
collected in trenches reported grades of 17.1 g/t gold *, 14.8 g/t gold*, 10.6 g/t gold*, 6.8 g/t gold*, 5.1
g/t gold*, and 3.4 g/t gold*. Minimal diamond drilling was conducted on the property, which is underlain
by sedimentary rocks and mafic intrusives. Historical d rilling results included 1.13 g/t gold over 12.0
metres, 1.37 g/t gold over 6.0 metres, 1.37 g/t gold over 1.4 metres, 3.89 g/t gold over 1.0 metre, and 2.78
g/t gold over 1.5 metres (Results from BM&S / Denis Fitzpatrick, Report of Work ( September 1986) that
have yet to be verified and confirmed by Puma).
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In 2024, Puma completed five (5) trenches, totalling 586 metres, on the Jonpol G old Showing to better
locate and expand on the previous work from the 1960s to 1980s . Gold mineralization occurs within an
altered sediment with veinlets of quartz-carbonate-pyrite. Sampling highlights* include 3.59 g/t gold, 0.45
g/t gold, 0.36 g/t gold, 0.35 g/t gold and 0.20 g/t gold. At Simpsons Field NE, mainly mafic and felsic dikes
were observed with anomalous gold and a 20- centimetre hematite vein grading 2.95 g/t gold* and 1.53
g/t silver*. Five (5) distinct targets will be trenched during the 2025 program . Previous operators have
shown some of these to host gold zones, but Puma has never re-examined them.
*The reader is cautioned that grab samples are selective by nature and may not represent the true metal
content of the mineralized zone.
Grants of Options
Pursuant to its stock option plan and subject to regulatory acceptance, Puma has granted an aggregate
total of 6,500,000 incentive stock options to certain company directors, advisors, and consultants, vesting
immediately. These options will be exercisable at $0.08 per common share and expire on April 23, 2027.
Qualified Person
The scientific and technical content of this press release has been prepared, reviewed, and approved by
Mr. Dominique Gagné, P. G e o., Vice President of Exploration, who is a “Qualified Person” as defined by
National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).
On-site quality assurance/quality control (QA/QC) measures
Grab samples are bagged, sealed and sent to ALS CHEMEX in Moncton, N.B., 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 verification as needed. As part of its QA/QC program, the
company inserts external gold standards (low to high grade) and blanks every 20 samples in addition to
standards, blanks and duplicates. 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 the Williams Brook Project
The Williams Brook Project (40,225 ha), optioned to Kinross Gold Corp ( see October 24, 2024 News
Release), comprises the Williams Brook Property, the Jonpol Property and the Portage Property. To earn a
65% interest in the project, Kinross can finance a minimum of $16.75-million in exploration expenditures
over the next five years (including a firm commitment of $2 million with at least 5,000 metres of drilling in
the first 18 months).
News Release
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About Puma’s Assets in New Brunswick
Puma has accumulated an impressive portfolio of prospective gold landholdings strategically located
close to roads and infrastructure in Northern New Brunswick, including the Williams Brook Project and the
new McKenzie Gold Project. Both are 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. Puma’s work to date has focused on the Williams Brook property, but prospecting and
surface exploration work on its other properties have confirmed their potential for significant gold
mineralization.
About Puma Exploration
Puma Exploration is a Canadian mineral exploration company focused on identifying and developing a
pipeline of precious metals projects in New Brunswick, near Canada's Renowned Bathurst Mining Camp.
Puma has a long history in Northern New Brunswick, having worked on regional projects for over 15 years.
Puma’s successful exploration methodology , which combines traditional prospecting methods with
detailed trenching and cutting-edge technologies such as Artificial Intelligence, has been instrumental in
facilitating an understanding of the region's geology and associated mineralized systems . Armed with
geophysical surveys, geochemical data, and consultants’ expertise, Puma has developed a cost-effective
exploration tool to discover gold at shallow depths and maximize drilling results.
Connect with us on Facebook, X, or LinkedIn.
Visit www.explorationpuma.com for more information or contact:
Marcel Robillard, President and CEO.
(418) 750-8510; [email protected]
Mia Boiridy, Head of Investor Relations and Corporate Development.
(250) 575-3305; [email protected]
Neither the 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.
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 that may cause the actual results, performance,
or achievements of Puma to differ materially from those 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. The quarterly and annual reports and the documents submitted to the securities administration
describe these risks and uncertainties.