PUMA Exploration Samples More High- Grade GOLD* at the Jaguar GOLD Zone
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
NEWS RELEASE
PUMA EXPLORATION SAMPLES MORE HIGH- GRADE GOLD*
AT THE JAGUAR GOLD ZONE
Rimouski, December 13, 2022 – Puma Exploration Inc. (TSXV: PUMA, OTC QB: PUMXF) (the
"Company" or "Puma") is pleased to announce up to 34.70 g/t Au in grab samples* collected at
the Jaguar Gold Zone (“JGZ”) this fall as part of the Company’s ongoing surface exploration
program at its 100%-owned Williams Brook Gold Project in Northern New Brunswick . Results are
consistent with widespread epithermal /orogenic gold systems , and Puma plans to extend
stripping and launch an inaugural drill program at the JGZ in 2023.
Figure 1: Grab samples* collected at surface at the Jaguar Gold Zone
*The reader is cautioned that grab samples are selective by nature and may not represent the true metal
content of the mineralized zone.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Following the high-grade gold results from the initial stripping at t he JGZ (see October 20, 2022
News Release) , additional and systematic sampling was conducted this fall . A total of 9 8
additional samples were collected during this second phase of sampling. Sampling targeted the
rhyolite/sediment contact with pervasive potassic-pyrite alteration and close to a major fault or
its subsidiaries. Sixty (60) samples returned over 0.10 g/t Au. The entire 98 additional new samples
show an average grade of 1.91 g/t Au. To date, a total of three hundred six (306) samples have
been collected at the JGZ with an average grade of 1.72 g/t Au. Ninety-five (95) samples assayed
above 1.00 g/t Au (31%).
The gold-enrichment zone at the JGZ currently spans 80 m by 50 m and remains open in all
directions. It is coincident with a large IP anomaly and holes drilled in 2008 by a previous operator
(WB-08-03: 0.52 g/t Au over 55.00 metres, WB-08-04: 0.68 g/t Au over 41.00 metres and WB-08-05:
0.21 g/t Au over 64 .00 metres) indicate that gold mineralization could be widespread and
continue at depth.
Marcel Robillard, Puma’s President and CEO, commented, “Our results at the Jaguar Gold Zone
confirm that we have another significant area of gold mineralization on the property . We know
we’re not dealing with only one gold deposit at Williams Brook . Our objective is to build a gold
camp in this part of New Brunswick. We will continue to advance work at Jaguar with the same
approach that has proven to be so successful at Lynx - more stripping, sampling and an inaugural
drilling program in 2023 while we continue to prioritize the development of the Lynx Gold Zone.”
Table 1: Grab* samples over 1.00 g/t Au from the Jaguar Gold Zone
Sample
East UTM
Nad83z19
North UTM
Nad83z19 Lithology Au
(g/t)
G236661 661430 5264382 Rhyolite 34.70
G236651 661439 5264383 Rhyolite 18.45
G236672 661447 5264393 Rhyolite 11.80
G236611 661433 5264405 Rhyolite 9.01
G236630 661436 5264396 Rhyolite 8.64
G239801 661430 5264384 Rhyolite 8.33
G236667 661436 5264383 Rhyolite 8.20
G236659 661432 5264385 Rhyolite 7.02
G236674 661457 5264418 Rhyolite 6.67
G236613 661436 5264398 Rhyolite 6.09
G236384 661423 5264383 Rhyolite 5.90
G236657 661438 5264387 Rhyolite 4.73
G236632 661439 5264402 Rhyolite 4.44
G236386 661419 5264381 Rhyolite 4.09
G236673 661456 5264415 Rhyolite 3.76
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Sample
East UTM
Nad83z19
North UTM
Nad83z19 Lithology Au
(g/t)
G236397 661427 5264388 Rhyolite 3.27
G236656 661442 5264385 Rhyolite 3.12
G236653 661450 5264390 Rhyolite 2.66
G236631 661437 5264399 Rhyolite 2.45
G236610 661436 5264407 Rhyolite 2.30
G236664 661439 5264386 Rhyolite 2.29
G236675 661468 5264418 Rhyolite 1.98
G236652 661444 5264387 Rhyolite 1.83
G236643 661442 5264381 Rhyolite 1.53
G236627 661445 5264406 Rhyolite 1.35
G236666 661436 5264381 Rhyolite 1.32
G236662 661433 5264382 Rhyolite 1.17
G236620 661438 5264409 Rhyolite 1.14
G236646 661448 5264387 Rhyolite 1.13
G236623 661442 5264410 Rhyolite 1.11
G236396 661423 5264386 Rhyolite 1.10
G236633 661439 5264404 Rhyolite 1.08
G236398 661432 5264392 Rhyolite 1.04
*The reader is cautioned that grab samples are selective by nature and may not represent the true metal
content of the mineralized zone.
ABOUT THE WILLIAMS BROOK GOLD PROJECT
The Williams Brook Project is comprised of 6 claim blocks covering more than 4 6,000 ha in an
established and mining -friendly jurisdiction, near paved roads and with excellent infrastructure
nearby (see Figure 2) . The land package is 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.
The Lynx Gold Zone (“LGZ”) is Puma’s main area of focus. It was discovered in 2020 by high-grade
surface samples and later recognized at depth in 2021 by hole WB21-02 that intersected 5.55 g/t
Au over 50.15 m from surface, including two high-grade gold veins with 9.88 g/t Au over 8.60 m
and 46.94 g/t Au over 3.85 m. A follow-up 10,000 m (113 holes) drilling program identified several
new high-grade veins at Lynx, including 51.73 g/t gold over 1.85 m (WB 22-66), 34.93 g/t gold over
3.00 m (WB22-23), and 22.38 g/t Au over 3.20 m (WB22-36) and identified three (3) gold
enrichment zones along the 750 m strike length stripped to date.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Figure 2: Williams Brook property main gold zones
The LGZ is interpreted to be a mineralized felsic dome within a large gold system. The high-grade
gold mineralization is characterized by finely disseminated gold in quartz (veins, veinlets,
stockworks, breccias) at the contact between rhyolite and sediments. The co ntact allowed for
the movement of gold -bearing fluids and is characterized by highly silicified iron oxide
carbonates and intense sericite alteration.
A large orogenic/epithermal gold system is present at Williams Brook. Surface exploration work
has identified several additional gold targets along the extension of the OGT and other gold
trends on the large land package, including the recently uncovered Cougar (CGZ)and Jaguar
(JGZ) Gold Zones.
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.
ON-SITE QUALITY ASSURANCE/QUALITY CONTROL ("QA/QC") MEASURES
Grab samples were bagged, sealed and sent to the facility of ALS CHEMEX in Moncton, New
Brunswick, where each sample was dried, 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 for every batch of surface samples. All samples over 10
g/t gold or with abundant visible gold are analyzed with a gravity finish (Au-GRA22).
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Check assays are routinely performed for samples with visible gold to ascertain the gold content
of the mineralization zone.
ABOUT PUMA EXPLORATION
Puma Exploration is a Canadian -based mineral exploration company with precious metals
projects located near the Famous Bathurst Mining Camp ( “BMC”) in New Brunswick, Canada.
The Company is committed to 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 a number of 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. Read ers 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.