Three GOLD-Bearing Boulders Fields Found over 2.0 Km and Additional Results ON the O’Neil GOLD Zone of the Williams Brook Property
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
PRESS RELEASE
THREE GOLD-BEARING BOULDERS FIELDS FOUND OVER 2.0 KM
AND ADDITIONAL RESULTS ON THE O’NEIL GOLD ZONE OF THE WILLIAMS BROOK PROPERTY
Rimouski, September 22nd, 2020 – Puma Exploration Inc., PUMA-TSXV, (the “Company” or “Puma”)
is pleased to provide additional results, following those reported on September 01, 2020 on the
O’Neil Showing, from its initial reconnaissance exploration program conducted on the Williams
Brook Property, in Northern New Brunswick, an Atlantic Province of Canada.
HIGHLIGHTS:
• Three (3) new gold-bearing boulders fields discovered over 2.0 km along the O’Neil Gold
Zone providing excellent location for new potential discoveries.
• High grade gold sample s, grading 12.9 g/t Au, 2.7 g/t Au, 2.5 g/t Au and 1.6 g/t Au from
selected float samples* collected at the O’Neil Gold Zone.
• Additional selected grab samples colleted at the O’Neil Showing with up-to 43.9 g/t Au in the
main vein and 16.9 g/t Au and 2.2 g/t Au in quartz stockworks and veinlets within the
surrounding rhyolite.
• Initial selected grab samples grading 0.86 g/t Au, 0.46 g/t Au and 0.34 g/t Au collected at
the new Twin Vein Showing located 100 meters south of the O’Neil Showing.
• Current extensive trenching program ongoing to verify the extensions of the O’Neil Showing
and to locate the source of the gold-bearing boulders fields.
*Rock grab and float 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, "We are very excited to have discovered gold-
bearing boulders fields for more than 2.0 km along the interpreted O’Neil Gold Zone. Each of
these areas have the potential to host significant gold mineralization similar to the O’Neil Showing
where the main vein contains up-to 109 g/t Au. Short-term current follow-up work mainly include
trenching operations to verify the extentions of the O’Neil Showing and to find the source of those
gold-bearing boulders fields where usually the overburden is less than 2 meters thick. "
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Map 1: O’Neil Gold Zone Gold-Bearing Boulders Fields
O’NEIL GOLD ZONE (OGZ)
The O’Neil Gold Zone has now been followed over 2.0 km in length and includes, from south to
north; the Twin Vein Showing, the O’Neil Showing, and the continuous gold-bearing boulders. The
first phase of the 2020 summer exploration program lead to the discovery of a high grade gold
O’Neil Showing. The highest gold sample, grading 109.5 g/t Au, is part of a quartz vein (ranging
from 30-50cm) followed and sampled, so far, over 10 meters in length. The average gold grade
samples of the vein of 27.4 g/t Au over 10 meters (109.5 g/t Au, 38.8 g/t Au, 21.0 g/t Au 7.38 g/t
Au 6.63 g/ t Au , 5.55 g/t Au and 2.94 g/t Au )*, was estimated from chip and grab samples
collected continuously every 1.5 meters on the main vein.
The O’Neil Showing consists of an altered and brecciated rhyolite injected with quartz veins and
quartz stockworks. The main vein is rusty and contains disseminated sulphides. Following the hand
and shovel cleaning of the main vein, surrounding quartz stockworks and ve inlets 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
The altered and brecciated rhyolite is open in all directions and now exposed for 10 meters by 10
meters. More work is currently in progress at the O’Neil Showing to better define and understand
the gold system including trenching operations. Refer to press release of September 1, 2020.
2020 SUMMER EXPLORATION PROGRAM
Concurrently with the initial work done on the O’Neil Showing, t he early phase of the summer
exploration program incorporated large detailed prospecting and mapping mainly focused on
the southern part on the William s Brook property which included the main gold bearing zones
(GZ) interpreted and known below (see news 09/01/2020) :
■ O’Neil Gold Zone (OGZ): Current work includes trenching and stripping operation
■ Williams 1 Gold Zone (W1GZ): Initial reconnaissance and mapping in progress
■ Williams 2 Gold Zone (W2GZ): Initial reconnaissance and mapping in progress
■ Ramsay Gold Zone (RGZ): Initial reconnaissance and prospection in progress
Currently 199 rock samples, consisting of a mix of outcrops and boulders were collected on the
property during this early reconnaissance stage of exploration. Most of them are quartz and
rhyolite samples collected from the current trenching program . Results are pending and will be
released once they become available.
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 60km 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 roperty. 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 extremel y anomalous till samples with up to 508 gold grains
that occur over an area approximately 12 by 3 kilometres.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
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 occur rences 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% passi ng 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 undersize.
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) 724-0901; [email protected]
Christian Tweedy, Communications, (604) 619-5810; [email protected]
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
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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 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.