PUMA Identifies First Priority Targets over 7 Km from Airborne Geophysical Survey at Williams Brook GOLD Property IN New Brunswick, Canada
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
PRESS RELEASE
PUMA IDENTIFIES FIRST PRIORITY TARGETS OVER 7 KM FROM AIRBORNE GEOPHYSICAL SURVEY
AT WILLIAMS BROOK GOLD PROPERTY IN NEW BRUNSWICK, CANADA
Rimouski, May 6th, 2021 – Puma Exploration Inc., PUMA-TSXV, (the “Company” or “Puma”) is pleased
to report preliminary data and maps from the airborne Mag/Em survey (VTEM) conducted at the
Williams Brook Gold property. The geophysical data, from the high-grade Gold O’Neil Trend, revealed
a distinct magnetic signature presently shown to be at least 7 km long (see Figure 1). The anomaly
(contact between high/low mag) has been confirmed to coincide with the gold minera lization
discovered at surface in 2020 which included bonanza grade grab samples up to 241 g/t Au (see
news 2021-03-31).
Figure 1: Geophysical Signature of the O’Neil Gold Trend New Discoveries
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
The helicopter-borne geophysical surveys consisted of Mag and EM using the versatile time-domain
electromagnetic (VTEM™) plus system with Full -Waveform processing. Measurements consisted of
Vertical (Z) and In -line Horizontal (X&Y) components of the EM field s using an induction coil and a
horizontal magnetic gradiometer using two caesium magnetometers. A total of 1,552 line-kilometers
of EM and 1,685 km of magnetic data were acquired (see Figure 2).
Figure 2: VTEM Survey Map of the Williams Brook Property
The William s Brook Project survey area was flown in a northwest to southeast (N 130° E azimuth)
direction with traverse line spacings of 100 metres. Tie lines were flown perpendicular to traverse lines
at 1000m line spacings . The survey identif ies multiples targets over the entire Williams Brook Gold
property. Geophysical consultants are currently interpreting, filtering and finalizing the interpretation
of the entire survey.
Marcel Robillard, president and CEO, stated: "We are very excited to launch our 2021 field program
and can’t wait to have the geological team on site with boots on the ground. Now that we have in
hand the preliminary data from the VTEM survey, the team has established the first priority targets to
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
discovered new gold zones as we did in 2020 and to expand the 2020 new gold discoveries by
stripping and with our first ever drilling program at O’Neil Gold Trend. The technical team is expected
to begin field work on May 10th and the initial work will be directed on the O’Neil Gold Trend.”
High-Grade Selected Grab Samples Assays on the Prolific O’Neil Gold Trend (OGT)*:
O’Neil Gold Zone (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 Zone (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 Zone (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 Zone: 3.5 g/t Au, 1.2 g/t Au, 1.2 g/t Au, 0.45 g/t Au
Moose Gold Zone: 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
mineralization across the property.
2021 Exploration Program
The initial program will be directed on the newly discovered O’Neil Gold Trend, confirmed so far by
trenching over 650 meters. More trenching, stripping and the inaugural drilling program will explore
the favorable contact (Sediments/Rhyolite) hosting the high-grade gold area between the O’Neil
Gold Zone to the Moose Gold Zone. The fully funded initial program will include:
► Cleaning the 2020 trenches with pumps and excavator
► Detailed Mapping of the cleaned trenches and stripped area
► Structural Experts analysis and study with Terrane Geoscience Inc.
► Systematic Channels sampling
► Drone Aerial Survey
► IP ground geophysical survey
► Drilling Campaign of 4,000 meters
Detailed work program will be announced to keep the shareholders up -to-date with current
exploration and developments as they occur.
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 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” and “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 sulphidation 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. Assays are still pending
for the Lynx, Chubby, and Moose Gold Zones.
TRIPLE FAULT GOLD PROJECT
The Triple Fault Gold Project includes three (3) properties named Williams Brook Gold, Jonpol Gold,
and Portage Lake, covering more than 20,000 hectares of favorable gold exploration land package.
The project is located about 60 km west of Bathurst with the paved road cross-cutting the property.
Puma is currently focusing its field work on its first priority, the Williams Brook Gold property. The Williams
Brook Gold property includes 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, gold occurrences grading up to 109.0 g/t Au, 50.8 g/t Au, 38,9 g/t Au in bedrock,
numerous gold soil anomalies and extremely anomalous till samples with up to 508 gold grains that
occur over an area approximately 12 by 3 kilometers.
There has been very limited drilling and exploration in the area mapped to be part of the Dunnage
Zone hosting major gold deposits and gold occurrences in siluro -devonian rocks and considered as
an emerging gold exploration and development district.
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 adequacy or
accuracy of this release. Mr. Gagné is independent of the Company.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
QUALITY ASSURANCE/QUALITY CONTROL (QA/QC)
Rock samples were bagged, sealed and sent to t he 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). Rock sample ICP
results with gold >1g/t were subjected to a metallic screening (Au -SCR24) 1kg pulp screened to 100
microns. Other screen sizes available. Duplicate 50g assay on screen un dersize. Assay of entire
oversize fraction.
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.
You can visit us on Facebook / Twitter / LinkedIn
Learn more by consulting www.pumaexploration.com for further information on Puma.
Marcel Robillard, President, (418) 750-8510; [email protected]
-30-
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 dat e 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.