PUMA Exploration Mobilises Crew FOR Its 2023 Drilling Program at the Williams Brook GOLD Project
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
NEWS RELEASE
PUMA EXPLORATION MOBILISES CREW FOR ITS 2023 DRILLING PROGRAM AT THE
WILLIAMS BROOK GOLD PROJECT
Rimouski, March 15, 2023 – Puma Exploration Inc. (TSXV : PUMA, OTCQB: PUMXF) (the
“Company” or “Puma”) is pleased to announce that drilling will begin shortly on its 100% -
owned Williams Brook Gold Project in Northern New Brunswick, Atlantic Canada. A technical
crew will be mobilized next week in preparation for the Company’s planned 2023 drilling
program.
The first phase of drilling will focus on definition and expansion of the high-grade gold
intercepts (see Table 1) and interpreted high-grade gold shoots at the Lynx Gold Zone (“LGZ”).
The LGZ is Puma’s main area of focus. The zone currently covers 750 m of strike, a 75 m width,
and has been defined to a depth of ~100 m.
Since 2021, Puma has systematically drilled 13,100 metres at the LGZ along the favourable
rhyolite/sediment contact that hosts gold-bearing quartz veins. Recent data compilation has
identified three main areas of gold enrichment with several potential high-grade gold shoots
that plunge 25 degrees NE (see Figure 1). Extending these high-grade gold shoots at depth is
Puma’s priority in the upcoming 2023 Drilling Program.
Table 1: High-grade gold intercepts targeted for the 2023 drilling program
Hole ID From (m) To (m) Length (m) Au (g/t)
WB21-01 4.00 6.10 2.10 12.71
WB21-02 0.00 50.15 50.15 5.55
incl. 7.20 10.20 3.00 8.33
and 13.70 15.80 2.10 28.52
and 45.60 49.45 3.85 46.94
WB21-06 46.80 49.70 2.90 16.92
WB21-16 80.00 88.35 8.35 5.11
WB22-25 1.40 11.70 10.30 10.72
WB22-26 21.25 26.50 5.25 5.13
WB22-36 3.80 18.00 14.20 5.83
WB22-57 2.70 15.00 12.30 4.30
WB22-66 31.40 67.55 36.15 3.25
incl. 30.60 35.00 4.40 5.01
and 66.25 73.40 7.15 13.49
WB22-91 6.55 10.75 4.20 9.84
WB22-96 56.90 60.50 3.60 14.90
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Marcel Robillard, President , and CEO commented: “ The Lynx Gold Zone has significant
expansion potential. Our upcoming drilling season will focus on confirming and expanding the
interpreted high-grade gold shoots at depth and step-out drilling will add to the zone’s gold
inventory. The Williams Brook Gold Project represents one of the hottest gold exploration plays
in New Brunswick and we’re excited to further develop our asset in 2023.”
Figure 1: Interpreted high-grade gold shoots to be tested at the Lynx Gold Zone
Following this first 3,000 to 4,000 m of drilling for the high-grade gold depth expansion of the
Lynx Gold zone , the drill rig will be moved to test the favourable rhyolite/sediment contact
along a 3 km extension to the northeast which is underlain by a large magnetic anomaly that
could represent the source of the gold minerali sation (see Figure 2). The planned 3,000 m of
drilling will target high -grade mineralisation sampled during last fall’s surface trenching
program at the Lynx Gold zone.
MAIN OBJECTIVES OF THE 2023 DRILLING PROGRAM
■ Test the interpreted high -grade gold shoots in the core of the Lynx Gold zone and extend
them beyond 100 m depth;
■ C o n f i r m t h a t t h e h i g h-grade gold mineralisation sampled at surface along the 3 km NE
extension of the LGZ continues at depth;
■ Define an internal block model of the gold mineralisation at surface in preparation for the
selection of the upcoming 4,000t bulk sample (see February 28, 2023, News Release);
■ Test new regional targets along strike beyond the 3 km extension.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Figure 2: Lynx Gold Zone expansion drilling targets along a large magnetic anomaly
UPCOMING GOLD INVESTOR EVENTS
Puma invites shareholders and interested parties to schedule a meeting at the upcoming
conferences to discuss the Company's recent news and proposed developments:
• Swiss Mining Institute Conference in Zurich
March 21 -22, 2023
swissmininginstitute.ch/program -march-2023/
• Deutsche Goldmesse in Frankfurt
May 5-6, 2023
deutschegoldmesse.online/2023- spring -companies/
• 121 Mining Investment Event in London
May 9-10, 2023
121 Mining Investment London | 1-2-1 meetings between mining companies and
investors (weare121.com)
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
ABOUT THE WILLIAMS BROOK GOLD PROJECT
Puma's flagship Williams Brook Gold Project covers more than 5 0,000 ha in Northern New
Brunswick, an established and mining -friendly jurisdiction, near paved roads and with
excellent infrastructure nearby. Since 2021, Puma has made four (4) significant gold
discoveries at Williams Brook, with gold mineralization hosted in quartz veins at surface.
An aggressive exploration program is planned for 2023, including a minimum of 6,000 m of
drilling and a 4,000 T bulk sample.
QUALIFIED PERSON
Dominique Gagné, P.Geo., a qualified person as defined by Canadian National Instrument
43-101 standards, has reviewed and approved the geological information reported in this
news release.
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.
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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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in the policies 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 results and achievements expressed or implied by such
forward-looking statements. Readers are cautioned not to place u ndue 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.