PUMA Exploration Secures More Prospective Ground at Its Williams Brook GOLD Project
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
NEWS RELEASE
PUMA EXPLORATION SECURES MORE PROSPECTIVE GROUND AT ITS
WILLIAMS BROOK GOLD PROJECT
Rimouski, October 17, 2022 – Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the "Company" or
"Puma") is pleased to announce that it has strategically increased its land holdings by 7,391 hectares
at its 100%-owned Williams Brook Gold Project in Northern New Brunswick (see Figure 1).
The Company staked two (2) contiguous claim blocks (the Northern Rocky Brook and Jacquet River
properties) covering 340 claims northeast of Puma’s current holdings and close to the Rocky Brook
Millstream fault (“RBMF”). The RBMF stretches over 200 km and is a major control for gold deposition.
Several major gold deposits from Maine to Ireland (Oceana Gold, New Found Gold, Marathon Gold,
Dalradian Gold) occur close to similar orogenic faults or their subsidiaries.
Figure 1. Location of the new claims
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Puma’s Williams Brook Gold Project is flanked by 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. This orogenic gold environment is host to several large gold occurrences and
deposits.
Puma’s recent gold discoveries indicate that a large gold system is at play at Williams Brook and that
a gold camp is possible in the region. With this in mind, the Company set out to strategically acquire
all available prospective ground fault that hosts the favourable felsic volcanic and sedimentary units
shown to carry gold in the vicinity of the Rocky Brook Millstream fault.
The newly staked Northern Rocky Brook and Jacquet River properties are located close to paved
roads and are readily accessible by logging roads. Historically, very little exploration was conducted
on the claims . Puma’s discovery tool , developed through its work on the Lynx Gold Zone at the
Williams Brook property, has the potential to uncover significant gold mineralization there.
No immediate fieldwork is planned on the new properties this fall. The Company’s focus will remain
on the Lynx Gold Zone at the Williams Brook property. A detailed compilation of historical data will be
completed this winter to highlight prospective areas and assess their priority ranking for the 2023 field
season.
ABOUT THE WILLIAMS BROOK GOLD PROJECT AND THE LYNX GOLD ZONE
The Williams Brook Gold Project is comprised of 6 claim blocks covering more than 4 7,300 ha in an
established and mining -friendly jurisdiction, near paved roads and with excellent infrastructure in
place (Figure 2).
FIGURE 2: The Williams Brook Gold Project main properties
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
The Lynx Gold Zone is interpreted to be a mineralized felsic dome within a large epithermal/orogenic
gold system part of the Appalachian Orogeny. The high -grade gold mineralization is characterized
by finely disseminated gold in quartz (veins, veinlets, stockworks, breccias ) affected by pervasive
supergene alteration. The stratigraphy of the dome is well -defined and typical: f ine laminated
turbidite-type sedimentary unit, rhyolite breccia with sedimentary fragments, massive rhyolite unit and
sedimentary and volcano-clastic units. The contact between the sediment and the rhyolite allowed
for the movement of gold-bearing fluids and is characterized by highly silicified iron oxide carbonates
and intense sericite alteration. The Lynx Gold Zone was discovered in 2020 by h igh-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.
UPCOMING WEBINAR
Puma invites shareholders and other interested parties to participate in a webinar today, Monday,
October 17, 2022, at 4:00 pm EST . Marcel Robillard, President and CEO, will provide an overview of
the 2022 Exploration Program and answer questions.
Click on https://us06web.zoom.us/webinar/register/WN_AggStrceSKKGaCGRvs1CKg to register.
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
Drill core samples are bagged, sealed and sent to the facility of ALS CHEMEX in Moncton, New
Brunswick, 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 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:
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Marcel Robillard,
President, (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. 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. These
risks and uncertainties are described in the quarterly and annual reports and in the documents
submitted to the securities administration.