Screen Metallic Assays Return Significantly Higher GOLD Values at O’Neil Showing
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
PRESS RELEASE
SCREEN METALLIC ASSAYS RETURN SIGNIFICANTLY HIGHER GOLD VALUES
AT O’NEIL SHOWING
Rimouski, October 01st, 2020 – Puma Exploration Inc., PUMA-TSXV, (the “Company” or “Puma”) is
pleased to anno unce the presence of significant coarse gold mineralization including the
highest grade being 128.0 g/t Au received from metallic screen assays . Initial check assaying
using metallic screen fire assay was conducted on previously fire assayed selected grab samples*
at the O’Neil showing, reported in the September 01st, 2020 press release.
HIGHLIGHTS:
• Significant coarse gold mineralization confirmed at the O’Neil Main Vein with the highest
grade being 128.0 g/t Au compared to initial grade of 109.5 g/t Au.
• Significant increase in reported gold grades in most of the samples collected at the O’Neil
Main Vein with metallic screen fire assay as compared to original fire assay.
• The average gold grade samples of the vein is increased to 30.86 g/t Au (128.0 g/t Au, 35.2
g/t Au, 18 g/t Au, 14.5 g/t Au, 10.25 g/t Au, 8.33 g/t Au and 1.74 g/t Au)*
• All samples from the O’Neil Showing were collected from bedrock.
• 309 samples collected during the first phase of trenching and ongoing prospecting programs
are currently at the laboratories for Gold assays.
*Selected rock grab samples are selective by nature and may not represent the true grade or style of
mineralization across the property.
Marcel Robillard, Puma's President & CEO stated, " Screen metallic fire assay is a significant type
of analysis designed to specifically deal with the presence of visible gold or coarse grain usually
called nuggets effect in the sample medium . When samples contain coarse gold, the metallic
screening procedure is recommended for accurate results. It is clear, even with limited samples,
that the mineralization at O’Neil Gold Trend contains coarse grain which could facilitate the
milling recovery."
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Analyses were conducted on the rejects from the selected grabs samples of the O’Neil Showing
and from other samples with initial results over 0.10 g/t Au to characterize the gold mineralization
at Williams Brook and to define the QC/AC sampling protocol for the entire property.
Table 1: O’Neil Showing Metallic Screen Results from selected grab sample rejects
Workorder MN20147589 MN20154363
Method Au-ICP21 Au-GRA21 Au-AA26 Au-AA26D Au-SCR24 Au-SCR24 Au-SCR24 Au Total
Increased
Analyte Au Au Au Au Au (+) Fraction Au (-) Fraction Au Total %
g/t g/t g/t g/t g/t g/t g/t with Coarse
Samples 0,00 0,05 0,01 0,01 0,05 0,05 0,05 Grain
PA-20-16 >10.0 21.00 8.54 7.97 159.5 8.26 18.00 218%
PA-20-17 >10.0 109.50 48,00 46.80 1505.0 47.40 128.00 270%
PA-20-20 >10.0 15.95 8.09 8.09 190.5 8.09 13.05 161%
PA-20-21 2.71 2.71 1.55 1.54 8.41 1.55 2.10 135%
PD-20-10 7.58 7.58 2.95 2.77 145.0 2.86 8.24 288%
PD-20-14 >10.0 12.7 4.39 4.48 32.6 4.44 5.86 132%
A0753897 >10.0 5.55 3.60 3.02 43.8 3.31 8.33 252%
A0753898 2.94 2.94 0.63 0.56 14.4 0.60 1.74 290%
A0753900 6.14 6.14 0.83 1.01 11.5 0.92 1.91 208%
A0753901 3.57 3.57 1.65 2.15 29.9 1.90 3.70 195%
A0753903 1.14 1.14 0.27 0.47 10.7 0.37 0.98 265%
A0753904 7.38 7.38 5.83 5.75 124.5 5.79 14.50 250%
A0753905 6.63 6.63 6.39 5.35 63.6 5.87 10.25 175%
A0753906 >10.0 38.8 11.15 12.55 274.0 11.85 35.20 297%
A0753928 0.33 0.33 0.16 0.07 1.3 0.12 0.21 175%
A0753929 0.45 0.45 0.20 0.07 0.9 0.14 0.18 129%
A total of 309 rock samples, consisting of a mix of outcrops and boulders were collected on the
property during the current second phase of exploration. Most of them are samples collected
from the current trenching program. Results are pending and will be released once they become
available.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Figure 1: O’Neil Showing Metallic Screen New Results Comparison
O’NEIL GOLD ZONE (OGZ)
The first phase of the 2020 summer exploration program lead to the discovery of the Gold O’Neil
Showing with the presence of a significant and pervasive Gold Trend over 2.0 km along the O’Neil
Gold Zone (OGZ). The O’Neil Showing consists of an altered and brecciated rhyolite injected with
quartz veins and quartz stockworks. The altered and brecciated rhyolite is open in all directions
The highest gold sample, grading 128.0 g/t Au, is part of the main quartz vein (ranging from 30-
50 cm) followed and sampled, so far, over 10 meters in length. The average gold grade samples
of the vein of 30.86 g/t Au over 10 meters (128.0 g/t Au, 35.2 g/t Au, 18 g/t Au, 14.5 g/t Au, 10.25
g/t Au, 8.33 g/t Au and 1.74 g/t Au )*, was estimated from chip and grab samples collected
continuously every 1.5 meters on the main vein.
Following the hand and shovel cleaning of the main vein, surrounding quartz stockworks and
veinlets within the rhyolite were found, sampled and reported respectively high grade gold of
16.90 g/t Au, 8.24 g/t Au, 6.14 g/t Au, 3.57 g/t Au, 2.2g/t Au and 1.14 g/t Au.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
TRIPLE FAULT GOLD PROJECT
The Triple Fault Gold Project includes three (3) properties named Williams Brook Gold, Jonpol
Gold, and Portage Lake properties covering more than 30,000 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 property. The Williams
Brook Gold property includes selected drill results of 11.2 g/t over 2.8 m, 2.1 g/t Au over 9.0 m and
1.0 g/t over 23 m, 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 kilometres.
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, independ ent 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.
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 res ulting 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 50 g 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.
You can visit us on Facebook / Twitter / LinkedIn
Learn more by consulting www.pumaexploration.com for further information on Puma.
Marcel Robillard, President, (418) 724-0901; [email protected]
Christian Tweedy, Communications, (604) 619-5810; [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 such
forward-looking s tatements. 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.