PUMA Extends Min Eralised Zone with High- Grade Samples up to 46,8 G/T Au, Increas Ing GOLD Potential at the Williams Brook GOLD Property
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
PRESS RELEASE
PUMA EXTENDS MIN ERALISED ZONE WITH HIGH- GRADE SAMPLES UP TO 46,8 G/T AU,
INCREAS ING GOLD POTENTIAL AT THE WILLIAMS BROOK GOLD PROPERTY
Rimouski, November 17th, 2021 – Puma Exploration Inc., PUMA -TSXV, (the “Company” or “Puma”) is
pleased to announce the discovery of nine (9) new gold-bearing quartz veins along the O’Neil Gold
Trend and reports surface samples grading up to 46.8 g/t Au, extending the gold mineralised corridor
over a continuous distance of 275 meters at its Williams Brook Gold Project located in New Brunswick,
an emerging new gold district of Atlantic, Canada.
Figure 1: The Gold Potential is Confirmed over 700m Strike Length in the OGT
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
The ongoing systematical stripping, mapping and sampling program along the OGT permitted to
identify a swarm of 1 -5 meters thick quartz veins and veinlets extending 275 meters northeast of the
Lynx Gold Zone where DDH WB21-02 returned 5.55 g/t Au over 50.15 meters (see Figure 1). Following
these exciting new discoveries, Puma contracted three (3) excavators, two ( 3) trucks and one (1)
bulldozer to keep extending the kilometric alter ed and gold -mineralised corridor along the highly
potential O'Neil Gold Trend in preparation for the upcoming 10,000 meters drilling program (see Figure
2 and Figure 4). Continuous flow of results is expected to be generated from the work in progress.
Figure 2: Current Stripping Activities at the Chubby-Moose Gold Areas
Furthermore, the company received the assay results from additional samples collected at surface in
areas yet untested by drilling. Values as high as 46.8 g/t Au, 31.0 g/t Au, 21.3 g/t Au, 19.2 g/t Au, 18.9
g/t Au, 18.8 g/t Au, and 11.4 g/t Au are reported (see Figure 3). In addition, a trend of samples with
high silver values were identified at Chubby and Pepitos. Th ese types of silver values are often
associated with the gold and characterise low epithermal system.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Figure 3: Additional High-Grade Gold Samples Found at the Chubby Gold Area
The mineralised zone is related to the contact between rhyolite / sediment rocks oriented ~45° with a
moderate/shallow dipping to the NW and forms different high grade (>10 g/t Au) to lower grade (0.3
g/t Au) clusters perpendicular and parallel to the favorable contact. A pervasive limonite alteration
with disseminated sulphides also characterises the gold -bearing corridor for more than 700 meters
from the O’Neil to the Moose gold occurences along the O’Neil Gold Trend (see Figure 4).
Those newly defined high-grade gold veins and veinlets, more likely represent multiple cores of high-
grade gold enrichment networks (see Figure 5). These high grade cores become first priority targets
for the upcoming 10,000 meters drilling program and could generate drill intersections similar to the
discovery hole WB21-02 with 5.55 g/t Au over 50.5m (see PR-21-09-15) implemented to test similar high
grade gold surface samples (see PR21-03-15).
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Figure 4: Current Stripping at Chubby-Moose Gold Areas
Figure 5: Extensive Network of Veins Discovered Between the Chubby and Moose Gold Zones
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
O’NEIL GOLD TREND (OGT)
The O’Neil Gold Trend (OGT) is a pervasive altered and brecciated rhyolite unit hosting significant
gold showings and occurrences followed by trenching and drilling over a strike length of 700 meters.
The geophysical signature of the OGT is expressed over 7km. The favourable unit (rhyolite) is similar
and parallel to the structures hosting the “Williams 1” and “Williams 2” Gold Zones where previous
operator drilled in 2008, 54.2 g/t Au over 2.8 meters and 1 g/t Au over 23 meters.
These trends are interpreted to be related to a major rifting in the New Brunswick Geological events
and could represent a low sulphidation epithermal gold system. Along the OGT, the width of the
rhyolite varies from 5 to 250 meters with an average apparent thickness of 150 meters.
The core-oriented maiden drill campaign was completed on August 20, 2021. It consisted of 18 holes
for a total of 2,360 meters that tested a 200-meter segment of the 700-meter-long O’Neil Gold Trend
(OGT). The assay results for the twelve (12) first holes are released and all holes intersected significant
gold mineralisation including the discovery hole WB21-02 that cut 5.55 g/t Au over 50.15 meters from
surface, including 9.88 g/t Au over 8.60 meters and 46.94 g/t Au over 3.85 meters.
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 Pro vider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy 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, and 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). Other screen sizes
available. Duplicate 50g assay on screen undersize. Assay of entire oversize fraction.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
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 Bathurst 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.
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Learn more by consulting www.explorationpuma.com for further information on Puma.
Marcel Robillard, President, (418) 750-8510; [email protected]
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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, 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 s uch 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.