PUMA Exploration Reports Progress ON Its 2021 Exploration Program at Williams Brook GOLD Property IN New Brunswick, Canada
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
PRESS RELEASE
PUMA EXPLORATION REPORTS PROGRESS ON ITS 2021 EXPLORATION PROGRAM
AT WILLIAMS BROOK GOLD PROPERTY IN NEW BRUNSWICK, CANADA
Rimouski, June 4th, 2021 – Puma Exploration Inc., PUMA-TSXV, (the “Company” or “Puma”) is pleased
to report progress on its current 2021 exploration program at the Williams Brook Gold Property located
in New Brunswick, Canada's Atlantic province . The summer field program is well underway with 3
technical teams on site. Heavy equipment for wood cutting, trenching, and stripping have also been
mobilized and are currently active on site.
The main focus of the current program is to detail and expand the recent major gold discoveries
along the O’Neil Gold Trend (OGT) traced over 650 meters with bonanza grades up to 241.0 g/t Au.
OGT will also see specific work in preparation of the imminent inaugural drilling program that should
begin in June 2021.
Figure 1: O’Neil Gold Trend First Priority Target for 2021 Summer Exploration Program
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Major advancements were made during the initial 2 weeks of the program which includes:
■ Wood cutting of an area of 200 m X 600 m covering OGT is 25% finished and should be completed
by mid-June.
■ Stripping of OGT has begun and will intensify after the wood cutting is finished.
■ Structural site characterization with Terrane Geoscience Inc is currently in progress at the Lynx Gold
Zone. This work will benefit the technical teams of PUMA who are advancing the mapping of the
gold bearing quartz veins along the contact sediments-rhyolite.
■ Tests are in progress with a drone in order to accurately position the lithologies and structures with
detailed photography of the entire OGT.
■ The drilling sites have been prepared for the first program (2,000 m) on the OGT. Drilling is scheduled
before the end of June.
■ Prospection of the 50+ priority targets identified with the recent large VTEM aerial survey is ongoing.
This program has already been successfull at identifying similar parallel sediments-rhyolite contact
zones in the vicinity of the OGT.
Figure 2: Arial Drone View (60m height) From the Lynx Gold Zone with Wood Cutting in Progress
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Figure 3: Arial Drone View (60m height) from the Pepitos Gold Zone with Surface Sampling Program
Figure 4: Arial Drone View (60m height) From the Chubby Gold Zone Compare With Initial Sampling
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Marcel Robillard, President and CEO commented : "The 2021 summer exploration campaign is a great
milestone for Puma ’s shareholders. It is the result of the long, hard, and dedicated work of our
technical team since the acquisition of the Williams Brook Gold Prop erty last year. And now we are
very excited by the upcoming first drilling program on our recent OGT discovery, and anxious to see
what OGT has in store for us!"
To see a detailed interview of Marcel Robillard explaining the highlights of the current exploration
program and strategy, click on the link: https://youtu.be/Hhc0ooeBdPs
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 over a strike length of 7.0 km. The favourable
unit (rhyolite) is similar and parallel to the structures hosting the “Williams 1” an d “Williams 2” Gold
Zones with 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.
These trends are interpreted to be related to a major rifting in the New Brunswick Geological events
and could represent a low sulphid ation epithermal gold system. Along the OGT, the width of the
altered horizon varies from 5 to 250 meters with an average apparent thickness of 150 meters.
Numerous quartz veins, quartz veinlets, stockworks and breccias were observed mostly perpendicular
to the major trend and contain the gold mineralization. The OGT has never been drilled and many
gold zones were discovered during the summer 2020 exploration campaign.
High-Grade Selected Grab Samples Assays on the Prolific O’Neil Gold Trend (OGT)*:
O’Neil Gold Area (VG): 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 Area (VG): 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 Area (VG): 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 Gold Area: 3.5 g/t Au, 1.2 g/t Au, 1.2 g/t Au, 0.45 g/t Au
Moose Gold Area: 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 of
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
MODIFICATION OF EXERCISE PRICE FOR OPTIONS GRANTED
Following the regulatory (TSX-V) revision, Puma has modified the exercise price for the options granted
on May 20th, 2021 from 25 cents to 26.5 cents. The total incentive stock options remain at 1.6 million
granted to certain directors, advisers and consultants of the company . These options will expire on
June 4th, 2023.
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 a dequacy 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, a nd 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).
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 Bathurs t 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.
You can visit us on Facebook / Twitter / LinkedIn
Learn more by consulting www.explorationpuma.com for further information on Puma.
Marcel Robillard, President, (418) 750-8510; [email protected]
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
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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, unce rtainties and other
factors which may cause the actual results, performance or achievements of Puma to be materially
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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
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