PUMA Exploration Receives Approval FOR a 4,000 T Bulk Sample at LYNX Zone and Welcomes Dr. Simon Dominy to Its Advisory Committee
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
NEWS RELEASE
PUMA EXPLORATION RECEIVES APPROVAL FOR A 4,000 T BULK SAMPLE AT LYNX ZONE
AND WELCOMES DR. SIMON DOMINY TO ITS ADVISORY COMMITTEE
Rimouski, February 28, 202 3 – Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the
“Company” or “Puma”) is pleased to announce that it has received from New Brunswick’s
Department of Natural Resources and Energy Development , the authorization to proceed
with a 4,000 tonnes bulk sample at the Lynx Gold Zone (“LGZ”).
Dr. Simon Dominy, an expert in the design and implementation of bulk sampling programs, will
join Puma’s advisory team to supervise the Company’s Bulk Sampling Program (“BSP”) to
ensure proper planning and success.
Bulk samples are undertaken to de-risk a project by verifying local grade estimates and
metallurgical test work from drill holes and/or channel samples. They also explore the scale-
up potential and metallurgical responses and provide g eological and geotechnical
information on the extraction area . The high-grade gold mineralization at Lynx is not
homogeneous but rather exhibits the “nugget effect”. Puma’s fully permitted 4,000 tonnes
bulk sample will be collected from several different areas at the Lynx Gold Zone (see Figure 1)
to better characterize the zone's mineralization and potential local average gold grade.
Marcel Robillard, President , and CEO commented “The 12,000 m we’ve drilled at the Lynx
Gold Zone returned impressive grades, but we’d have to drill hundreds of thousands of metres
to gain some certainty on the average grade of the zone. By running the bulk sampl e this
year, we can get a better representation of the local grade around the sampling site and
how it reconciles with the drilling’s predicted grade. This outside-the-box thinking will place
Puma well ahead of our industry’s typical exploration timeline and be a key milestone in the
advancement of the Williams Brook Gold Project.”
“The bulk sample will also move us closer to demonstrating whether we can potentially have
a profitable mining operation at Williams Brook. If we can extract the gold on-site with gravity
alone, we can significantly cut costs, reduce the environmental impact and streamline
permitting. This would be a fantastic outcome for all stakeholders, the future of mining in New
Brunswick, and our shareholders.” added Marcel.
The bulk sample is considered an exploration tool to be conducted in parallel with the
upcoming planned drilling program which will begin shortly. The initial 3,000 metres of drilling
will target the high-grade gold shoots interpreted from the 10,000 metres drilling program that
was completed in 2022.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Figure 1: Example of rock types to be included in the 4,000 tonnes bulk sample
NEXT STEPS BEFORE GETTING THE BULK SAMPLE COLLECTED
To ensure the success of the BSP , Puma plans to complete the following over the coming
months:
1) Evaluate the results of the current advanced recovery tests from 3,000 kg of quartz-vein
material sent to RPC in Fredericton (see November 15, 2022, News Release).
2) Determine if the Lynx Gold Zone is potentially acid generating.
3) Define the flowsheet for optimal gold recovery.
4) Complete a cost/benefit and risk evaluation of on-site pilot plants vs toll milling.
5) Prepare the site with field work commencing as soon as the snow melts.
MORE ABOUT BULK SAMPLING
Bulk sampling allows companies to investigate the metallurgical properties of a deposit and
retrieve critical information that cannot be gathered by drilling alone. Bulk sampling assesses
whether a prospective deposit would be both feasible and profitable to mine and is one of
the most effective exploration tools to de-risk a gold exploration project.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
The underused and undervalued mineral exploration tool requires oversight by an expert, such
as Dr. Dominy, to avoid potential pitfalls.
On a complex gold deposit such as the one at the LGZ where gold grade distribution is
variable, bulk sampling provides better gold grade confidence than drilling results. Geologists
can better understand the deposit by mapping out its geometry, structure, and mineralization
and the larger-scale metallurgical testing involved in bulk sampling can help determine the
most optimal milling methods and flow sheet design for a potential mining operation.
Reference: True Grade Yukon Gold: The Benefits of Bulk Sampling in Gold Exploration | INN
(investingnews.com)
ABOUT DR. SIMON DOMINY
Dr. Simon Dominy is a mining professional whose career has
included technical and leadership roles in mine operations,
academia, and consulting. He is particularly interested in the
integration of geology, mining engineering , and mineral
processing through the development of Total Deposit
Knowledge and the application of geometallurgy. Simon has
expertise in the evaluation and exploitation of various gold
orebody styles and has developed skills in ore
characterization; design and implementat ion of bulk
sampling/trial mining programmes; evaluation of high-nugget
effect/coarse-gold deposits; and narrow vein/highly selective
mining methods.
Recent projects have included : the evaluation of high -nugget effect conglomerate gold
mineralization; optimization of small high -grade deposits with emphasis on evaluation,
selective mining approaches, flexible processing options, and ore control; characterization of
gold ores to determine sampling parameters; sampling protocol optimization;
geometallurgical characterization (grade, metallurgical and geoe nvironmental); and
implementation of strategic and tactical geometallurgy.
As an industry practitioner, Simon is active in developing and operating several gold projects
in Australia, Europe, and South America. He is a Principal Advisor/Qualified Person with Novo
Resources Corporation (TSX: NVO); Director of Artemis Resources Ltd (ASX/AIM: ARV); and
Group Technical Lead with private entity OC X Gold SA. He has extensive experience as a
Qualified Person/Competent Person in various jurisdictions and across a number of gold
deposit types.
“We are extremely pleased to welcome Simon to our Advisory Committee. His expertise will
be instrumental in helping us design and complete a successful bulk sampling program and
avoid any potential pitfalls. We look forward to working with him to achieve this key milestone.”
notes Marcel Robillard, Puma’s President, and CEO.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
“I am pleased to be joining the Puma team at this exciting period for the development of the
LGZ. They are already progressing the project on the front foot by recognizing the need for
bulk sampling and implementing it early on,” notes Dr. Simon Dominy.
UPCOMING GOLD INVESTOR EVENTS
Puma invites shareholders and interested parties to stop by the booth, attend a
presentation, or schedule a meeting at the upcoming conferences to discuss the
Company's recent news and proposed developments:
• Prospector and Developers Association Conference (PDAC) in Toronto
Booth IE2152
March 5-8, 2023
www.pdac.ca/convention
Corporate Presentation Forum for Investors
Marcel Robillard, President, and CEO will be presenting
March 7 at 10:14 am
Session Gold 1, Room 801A
Precious metals Summit PDAC meeting program
March 7-8, 2023
www.precioussummit.com/event/pdac-2023-one-on-one-meeting-program/
Atlantic Edge Mining Investment Event
Ballroom A, Intercontinental Hotel
225 Front Street, Toronto
March 7, 2023
Mia Boiridy, Head of Investor Relations and Corporate Development will be presenting
To register click here Canada's Atlantic Edge Mining Investment Event (PDAC) Toronto
2023 Tickets, Tue, 7 Mar 2023 at 8:30 AM | Eventbrite
• 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/
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 qu artz 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, PGeo, 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 deploy ing 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;
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
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.