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Feature article September 9, 2022:

 

Building Gold Ounces in New Brunswick -- Puma Exploration 2022 10,000 m Drill Program Continues to Intersect Near-Surface High-Grade

 

Building off last year's 5.55 g/t Gold over 50 m discovery hole and other successes, assay results from the first 43 holes of 2022 drilling continue to extend the deposit strike length at shallow depth.

 

Puma Exploration Inc.

(TSX-V: PUMA)  (US: PUXPF)  (4P8A.F)

 

Share data, Capitalization, & Corporate info

 

 Shares Outstanding:  118.97 million

 Recently Traded: ~CDN$0.22/share (TSX-V: PUMA)

 52 Week High/Low: $0.64/ 0.18

 Current Market Cap.: ~$27 million Canadian

 Corporate Website: www.explorationpuma.com

 

   

Valuation Commentary: Puma Exploration Inc. (TSX-V: PUMA) (OTCQB: PUMXF) (Frankfurt: 4P8A) is a Canadian-based mineral exploration company focused on advancing its Williams Brook Gold Property in New Brunswick, located in the same prolific geological setting as major Atlantic success stories such as Marathon Gold and New Found Gold. Since acquiring the project in March-2020, Puma has quickly gone from virgin/grassroots ground (finding anomalous sampling in the woods) to clearing, trenching and stripping clean to expose large swaths of a 750 m long patchwork of gold laden rhyolitic bedrock (named the O'Neil Gold Trend) proximal a contact zone that runs even much longer (many kilometres) within its claim boundaries. This H1-2022 Puma went about spring-boarding off of last year's discovery drill hole of 5.55 g/t Gold over 50 m, among several other successes. Puma recently completed its winter 2022 10,000 m drill program in an area where quartz veining surface samples have yielded high-grades, primarily targeting the contact between the sediments and the rhyolite; Ninety-seven (97) short holes were drilled for a total of 10,348 metres. Results for the first 43 holes totalling 5,203 metres have been reported to date (see April 28, 2022 news "Puma Exploration Drills a New High-Grade Zone of 34.93 g/t Gold Over 3.00m Within a 16.90m Intercept Grading 6.47 g/t Gold at Williams Brook" and June 8, 2022 News Release "Puma Exploration Discovers Several New High-grade Gold Zones at Williams Brook, Including 51.73 G/t Gold Over 1.85 m"). The remaining 54 holes have been logged (assays pending), and visible gold was identified in five (5) holes.

 

Puma's exploration team is now focused on its fully-funded $2M summer program which is devised to identify new areas of high-grade gold mineralization at surface on Puma’s extensive 40,000 ha land package and prepare for a 2022-2023 drilling program (see related June 28, 2022 release that outlines the Summer exploration program).

 

PUMA.V currently has a nominal market cap of ~C$27M (~118.97 million shares trading near ~C$0.22 -- Puma is fully financed to accomplish all key objectives for 2022). The share price of PUMA.V is apt to appreciate from the current trading price as continued news flow occurs, and as the significance of what Puma Exploration possesses is better appreciated by the market.

 

 

 
Figure 1a. (above) Drilling results at the OGT -- Image source: June 8, 2022 news release. High-grade hits appear to be clustered along the favorable contact. The targeted horizon appears to dip 30 to 40 degrees which is suitable for a potential open-pit operation. As Puma's technical team continues to truth-the-ground along the gold trend, there is growing belief by many watching this story unfold that they are upon multi-million ounce gold potential; e.g. Independent exploration geologist Quinton Hennigh of Crescat Capital has made a comparison of Puma's Williams Brook Gold Project to nearby New Found Gold, emphasizing 'high-grade', and 'near surface'.
 

HIGHLIGHTS from first 19 holes of 2022 reported April 28, 2022:

  • A new high-grade gold intersection (34,93 g/t Au over 3.0 m within a wider zone assaying 6.47 g/t Au over 16.90 m);

  • A 25 metres step-out from hole WB22-25 intersected 22.28 g/t Au over 3.20 m within a wider gold intercept of 3.97 g/t Au over 22.10 m in hole WB22-36;

  • Several other high-grade gold samples occur within a large lower-grade envelope : 183 g/t over 0.50 m, 59.60g/t Au over 0.65 m, 30.50 g/t Au over 0.30 m, 23.70 g/t Au over 0.80 m, 16.50 g/t Au over 0.70 m, 14.65 g/t Au over 0.60 m, 9.12 g/t over 0.30 m;

  • Gold mineralization appears to be associated with widespread limonitisation (Py) + sericitization, and all holes intersected the favourable OGT mineralized and altered horizon.

HIGHLIGHTS from reported high-grade intersections (holes 20 - 43 of 2022 reported June 8, 2022):

  • WB22-39: 11.71 g/t Au over 2.50 m (1.23 g/t Au over 24.70 m)

  • WB22-57: 35.09 g/t Au over 1.45 m (4.30 g/t Au over 12.30 m)

  • WB22-58: 16.85 g/t Au over 1.20 m (1.15 g/t Au over 23.00 m)

  • WB22-60: 21.00 g/t Au over 0.60 m (2.38 g/t Au over 6.20 m)

  • WB22-66: 51.73 g/t Au over 1.85 m (13.49 g/t Au over 7.15 m)

  • WB22-66: 10.70 g/t Au over 2.00 m (5.01 g/t Au over 4.40 m)

Figure 1b. (above) More than 30 specks of VG in hole WB22-66 (51.73 g/t Au over 1.85 m). The high-grade gold discovery in hole WB22-66 is of particular interest. It was drilled in an area (gap) between the Lynx and the Pepitos Gold zones where the thickness of the overburden prevented stripping and trenching before drilling. More than 30 specks of visible gold (“VG’’) were identified in hole WB-22-66 in an area that had not been sampled, indicating that the potential of the OGT, especially in this area, may be even higher than initially anticipated.

 

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The O’Neil Gold Trend is one of these multi-kilometric systems that are highly prospective for gold discoveries;  several holes have returned significant gold intersections (see Table 1 below). These high-grade gold intercepts appear to be the surface expression of a large and pervasive supergene gold enrichment from a low sulphidation epithermal quartz sulphide system.

Table1 (below): Highlights of high-grade gold intersections at the OGT since 2021*

 

Hole ID From (m) To (m) Length (m) Au (g/t)
WB21-01 4.00 6.10 2.10 12.71
WB21-02 7.20 10.20 3.00 8.33
WB21-02 13.70 15.80 2.10 28.52
WB21-02 45.60 49.45 3.85 46.94
WB21-03 55.90 58.10 2.20 7.81
WB21-05 26.00 28.00 2.00 12.64
WB21-06 46.80 49.70 2.90 16.92
WB21-09 16.30 18.00 1.70 15.52
WB21-12 28.60 32.40 3.80 6.93
WB21-16 80.00 88.35 8.35 5.11
WB21-17 107.00 111.65 4.65 4.85
WB22-25 2.00 5.00 3.00 34.93
WB22-26 25.50 27.10 1.60 14.06
WB22-35 14.90 17.50 2.60 5.83
WB22-36 3.80 7.00 3.20 22.28
WB22-39 26.50 29.00 2.50 11.71
WB22-57 12.40 13.85 1.45 35.09
WB22-58 11.70 12.90 1.20 16.85
WB22-60 40.00 40.60 0.60 21.00
WB22-66 32.00 34.00 2.00 10.70
WB22-66 66.50 68.35 1.85 51.73

*Stated lengths in metres are downhole core lengths and not true widths. True widths will becalculated once more drilling confirms the geometry of the quartz-sulphide system.

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President and CEO of PUMA Exploration, Marcel Robillard discusses the advancement of the Williams Brook Gold Project with Quinton Hennigh, PhD

 

Dr. Hennigh is an exploration geologist that has identified many of the best next generation mining assets on the planet that are still in hands of junior exploration companies today and is an advisor to Crescat Capital LLC, which took a position in PUMA.V in August-2021 after his recommendation.

 

 [June 15, 2022 Video release, running time 34 min. 51 sec.] source youtube: https://youtu.be/3aFL_2qB1Dk

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President and CEO of PUMA Exploration, Marcel Robillard discusses the advancement of the Williams Brook Gold Project entering May-2022:

   [Video running time 31 min. 29 sec.] source youtube https://youtu.be/_FeU10DQ5Qw

 

Takeaways / notes from the above interview:

  • Puma’s exploration team is currently concentrating efforts on the 750 m area length of the OGT where there is understood to be a high-grade gold vein system right at the contact of the rhyolite & the sediments.

  • The beauty of doing work in New Brunswick is that there is very little overburden, this allows Puma to do stripping and trenching over large areas prior to drilling. This keeps discovery costs low.

  •  Last year Puma discovered spectacular high-grade veins within a lower–grade envelope in Lynx Zone.

  •  The 10,000 m program for 2022 is to apply the drilling over the entire 750 m OGT, and the goal of the program is to highlight some potential higher-grade shoots that will be continuous.

  •  The large-scale geological survey shows the potential for gold runs ~7 kilometres. The strategy is thus to focus on where gold is known now, figure out where the shoots are (which Puma is doing now), and then apply the findings over the entire 7 km.

  •  The 10,000 m drilling on OGT should be completed ~ the end of June, it will take ~2 – 3 months to wait for assays, and during these 2 – 3 months Puma will be stripping and trenching parts of the larger 7 – 10 km to define high-grade drill targets for the Fall, at which time Puma will be looking at 5,000 – 10,000 m (depending on what will be left in the treasury from flow-thru). Puma is fully capitalized to accomplish everything it has planned over the coming months.

  •  The April 28, 2022 news release was the first announcement from the 2022 program; Puma has found good high-grade intercepts over 200 m away from what was drilled in 2021 – so now it’s not just one discovery, it appears continuous, and now the rest of the 750 m will be tested for shoots.

  •  Geologists are working hard on compilation, 3D modeling, and 3D inversion – Puma is also working with experts in modeling and structural geology.

  •  In 2021 the first round of drilling was on an extensional vein, the drilling now in 2022 is at the contact. There are a lot of cross-cuts in the rhyolite. We are still in early days, Puma is still developing its own model. In the current drilling; Puma still does not know what kind of veins it hit in the April 28, 2022 news release, they are all located at the 25 – 75 m alteration zone along the contact. In the fall, after the 10,000 m, and once all inputs, including pathfinder elements have been inputted, Puma will have a much better model/explanation. Right now Puma knows it has gold at the contact, it knows the size of the rhyolite in places and the potential rhyolite elsewhere. If Puma goes out to the western side, that contact is at the bottom of the rhyolite; fluids may have come up to the contact and perhaps the shoots are all linked together and there may in-fact be deeper bonanza grades -- Puma will be drilling deeper (300 – 400 m holes) at some time to test this, but the strategy right now (in these early days) is best to gather information closer to surface – holes under 100 m are showing Puma is getting gold at the contact (e.g. 2 m, 4 m, up to 20 m).

  •  Puma is drilling a few deeper (~250 m) stratigraphic holes in the current round for its modelling purposes to test the sediment at top, the rhyolite, then again another layer of sediment at the bottom, also this will give Puma mafic volcanics that will help target potential high-grade source feeder zone(s). From what is known from Puma’s parallel structures WB1 and WB2 (~5 km north of OGT), the 3D models show an anticline with mafic and felsic signatures, OGT may be similar -- this could be a big camp in the making.

  •  Puma has already sent a couple samples off for metallurgical testing; one-low grade envelope sample and one high-grade sample. Puma is mulling over the idea of conducting bulk-samples on different veins from surface.

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Excitement runs high for continued discovery of significance: In 2021 Puma drilled 2,360 meters (18 holes); discovery hole WB21-02, announced on September 2021, 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. The first drill holes reported show there is solid correlation between surface samples and core, presenting tremendous opportunity for investors looking to be part of a story in its early days. Puma's structural model at O'Neil Gold Trend is that of a ~N260 oriented high-grade gold bearing quartz veins network open on both side and at depth. The continued discovery of high-grade gold veins at surface bodes well for Puma's 2022 prospects at the Williams Brook Gold Property; e.g. see...

 

● March 22, 2022 Puma Exploration Reports up to 121.50 g/t Gold in Grab Samples* From Last 2021 Surface Exploration Results,

 

● Jan. 27, 2022 Puma Exploration Reports Up to 371 G/T Gold in Surface Rock Samples*,

 

● Jan. 12, 2022 Puma Exploration Launches Its 2022 Exploration Program and Announces up to 51.70 G/T Gold in Surface Grab Samples*,

 

● Dec. 8, 2021 Puma Exploration Discovers Large Quartz Veins at Surface With Visible Gold,

 

● Nov. 17, 2021 Puma Extends Mineralised Zone With High-Grade Samples up to 46,8 g/t Au (discovering 9 new gold bearing quartz veins, described as a "swarm of 1-5 meters thick quartz veins and veinlets extending 275 meters northeast of the Lynx Gold Zone"),

 

● Nov. 4, 2021 New Visible Gold-Bearing Zone,

 

● Oct. 14, 2021 More High-Grade Gold Veins with up to 199 g/t* Au from Surface Sampling.

 

The second round of drill results in 2021 (holes 6 - 12 announced October 21, 2021) extended the gold mineralised zone beyond the rhyolite into the sediments. The third round of drill results (holes 13 - 18 announced November 11, 2021) yielded 5.11 g/t Au over 8.35 Meters within a Broader Zone Grading 0.82 g/t Au over 78.75 Meters. The prevalence of high-grade surface sampling on the O'Neil Gold Trend identified to date, coupled with the results from the first 18 drill holes, outlines what independent outside observers such as Dr. Quinton Hennigh are describing now as "almost the size of an opencast mine at this point". Dr. Hennigh believes Williams Brook is going to prove to be a significant discovery over the course of the next year or two and sees similarities to other highly successful deposits he has encountered in his career that have gone on to be many millions of ounces.

 

 

Figure 1c. (above) -- Lynx Zone Discovery Hole on O'Neil Gold Trend at Williams Brook Gold Project (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.); on the right is a trench photo with clean bedrock and the drill positioned, the drill hole path (subsurface) is annotated in yellow. The grab samples on the left correspond to what was found on surface and next to that image is the drill core that was unearthed below -- there is an excellent correlation which bodes well for the exploration model going forward.

 

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Williams Brook Gold Property, New Brunswick, Canada -- PUMA.V (100% interest to earn)

 

The 10,000 m drill program that began January 2022 is now completed -- The following is and overview of the O’Neil Gold Trend Drilling Program

 

First Priority target areas of the O’Neil Gold Trend were:

 

Figure 1d. (above) First Priority Targets - source: 2022 Exploration Strategy news release December 21, 2021] The first three (3) priority areas include:


A) The newly discovered quartz veins system with visible gold (VG) located between the Chubby and Moose gold zones (see December 8, 2021, News Release);
 
B) The area west of holes WB21-16 and WB21-17 where grab samples with VG were collected this fall;
 
C) The western extent of hole WB21-02 where 5.50 g/t Au over 50.15 m was intersected; and
 
D) the Petitos-O’Neil gold zones located at the southern end of the OGT

 

 

Figure 1.e (above) - 2022 Exploration strategy and planned programs; The 2022 exploration program will strategically target three (3) project areas, each with specific tasks and objectives. 

 

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Details of the Summer 2022 Exploration Program

 

The following details are from an excerpt of the June 28, 2022 news release entitled "Puma Exploration Completes Its Winter Drilling Program and Outlines Its Summer Field Exploration Program at Williams Brook":

 

2022 SUMMER EXPLORATION PROGRAM

 

Puma continuously refines its exploration model and discovery tools. In 2020, the Company discovered the O’Neil Gold Trend from one initial 50 g/t Au grab sample. Puma then further defined the OGT along a 750 metres strike length. This summer, the Company’s exploration program will be guided by Mira Geoscience’s Mineral Potential Index (“MPI”) map generated by compiling and analyzing all the data gathered by Puma since 2019 (see Figure 2). The data set includes results from more than 5,000 metres of trenching, 5,000 grab samples, 7,500 metres of drilling, property-wide heliborne VTEM and radiometric surveys, structural data analysis from Terrane Geoscience and previous geochemical soil and till surveys.

 

Figure 1: Map of prospective targets (credit: Mira Geoscience)

 

 

The MPI map shows that the OGT may extend more than 15 km and that other similar, highly prospective areas are present on Puma’s large land package. Work will concentrate on the SW and NE extensions of the currently defined OGT, the WB1 and WB2 gold occurrences (see the black circles in Figure 2), and other areas of the Williams Brook property that have not been previously explored.
  

Following the Company’s demonstrated success, Puma will employ the same approach to identify potential targets: prospecting, soil sampling, trenching and stripping. This proven discovery method will identify new drilling targets for the fall and winter of 2022-2023. Puma has already begun stripping the WB2 Gold Trend (see Figure 3) to extend and confirm the mineralization found by a previous operator. Historical results, from Blue Note Mining’s work in 2008, include grab samples grading up to 5.4 g/t Au and drilling intersections of 23 metres of 1.05 g/t Au within a lower grade envelope of 0.52 g/t Au over 55 metres (WB08-03), 0.67g/t Au over 41 metres (WB08-04) and 0.21g/t Au over 64 metres (WB08-05). With only limited exploration work conducted on the WB2 to date, Puma will employ its systematic discovery tool to extend this gold zone.

 

Picture 2: Current stripping operation at the WB2 Gold trend

 

HIGH POTENTIAL EXPLORATION MODEL

 
Puma’s surface and near-surface drilling results indicate that a large epithermal/orogenic system is possible at Williams Brook. Gold mineralization at the O’Neil Gold Trend is characterized by significant high-grade gold intercepts within a lower-grade envelope. This gold mineralization is interpreted to be the surface expression of a large and pervasive supergene gold enrichment in a low to mid sulphidation epithermal quartz sulphide system (Figure 4). The O’Neil Gold Trend could host one of these multi-kilometric systems that are highly prospective for gold discoveries.

Figure 2: Potential large gold system at Williams Brook Gold Project

 

...click here for full copy from source


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The following is impressive drone footage of the O'Neil Gold Trend, which has been stripped:

 

 [Youtube - running time 56 second]

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Below is additional insight into the Williams Brook property as to why excitement runs high:

 

 

Figure 1.e (above) from November 17, 2021 news release "Puma Extends Mineralised Zone With High-Grade Samples up to 46,8 g/t Au, Increasing Gold Potential at the Williams Brook Gold Property". 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; On November 17, 2021 Puma 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.

 

 

 

Figure 2. (above) -- Lynx Zone stripped, on O'Neil Gold Trend at Williams Brook Gold Property. The property is on Crown land. Big trenches were dug to expose bedrock, and the area was washed clean in order to decipher what was going on. Spectacular samples are being gathered at surface along the O'Neil Gold Trend in various zones. The first drilling concentrated on the Lynx Zone in a 100 m x 200 m area in order to establish a structural understanding of veins and direction. The geological team needed to do close spacing holes at first to understand the system and then apply it to the entire trend. Many of the techniques and much of the know-how applicable at Williams Brook is taken from what has already been proven for other Atlantic success stories in the same geological setting -- the ultimate goal is to replicate what Marathon Gold managed to do on its property with several open pits and having the option to go underground later. Puma has 750 m of mineralized rhyolite flow identified to explore on the O'Neil Gold Trend alone to start.

 

Puma's Discovery Model: Prospectors look for indicators at surface of new zones to be discovered, once prospective zones are identified trenches are used to locate the rhyolite, then if rhyolite sampling confirms gold the localized area is stripped and drilled for discovery.

 

 

Location

 

 

Figure 3. (above) Location Map of Puma Exploration's main assets in New Brunswick -- Excellent infrastructure in a mining-friendly jurisdiction. The properties have quality land accessibility through ground, air and rail; the road intersecting Williams Brook is a provincial highway that runs ~5 km from where Puma is currently drilling. No need for expensive remote camps; exploration crews can stay in a hotel in nearby Saint Quentin, a 20 minute drive away. Mining infrastructure is already in place with full seaport access, and there is an accommodative and reliable government whose policies reflect a mining-friendly focus. There is a local skilled labour force who understand the trade. Puma Exploration has a MOU signed with local First Nations, whom are pro-mining and currently in business running ore transport on contract for the nearby Chester Mine.

 

Geological setting

 

 

Figure 4. (above) -- Geological setting in the Canadian Appalachians. The Dunnage and Gander Zones are a group of ancient rocks that were squeezed up during coalitional events eons ago when North America, Europe, and Africa were all forced together. This belt of rocks has yielded other noteworthy gold discoveries; e.g. Marathon Gold (Valentine Lake), Newfound Gold (Queensway), Galway Metals (Clarence Stream), First Mining (Hope Brook), Anaconda Mining (Pine Cove), Atlantic Gold (Moose River Mine).

 

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Figure 6. (above) -- Claims map of Williams Brook Gold Project; 20,662 ha shown above (total has recently increased to 29, 522 ha). The O'Neil Gold Trend (annotated in red) is where winter-2022 exploration efforts were underway. There are two other parallel gold trends (WB1GT & WB2GT) that are set to be explored. Puma announced on March 1, 2022 that it had added another 7,443 ha to the land package for a total of 29,522 ha, see the related news release "Puma Exploration Signs Strategic Land Package Agreement to Extend Its Williams Brook Gold Property".

 

O'Neil Gold Trend

 

 

Figure 7. (above) -- O'Neil Gold Trend (OGT). Image from September 2021 Corporate Presentation (lots has occurred since) -- Seen above are the zones of the OGT; O'Neil, Pepitos, Chubby, & Moose.

 

Spectacular samples taken along the O'Neil Gold Trend

 

 

Figure 8a. (above) -- Select mineralization surface samples from various zones of 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 Zone Area: 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

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New Visible Gold-Bearing Zone discovered between Chubby and Moose

 

The area between Chubby and Moose was cleared this Summer and Fall 2021 revealing numerous gold-bearing quartz veins coincides with a sudden change in the direction of the rhyolite/sediment contact (as predicted by the geological team's structural model).

 

See related November 4, 2021 news release Puma Exploration Discovers New Visible Gold-Bearing Zone at Williams Brook Gold Property;

 

Figure 8b. (above) -- New gold zone highlighted

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Figure 9. (above) --Vein sets found on O'Neil Gold Trend -- Basically Puma has 3 sets of veins; some steep ones, some horizontal ones, and some parallel. Puma now has an improved understanding of what sections to avoid and how to orientate drills to maximize intercepts. The analysis of Puma's rock seen in the image above is from Terrane Geoscience Inc. which has done a lot of work for Marathon Gold.

 

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SUMMARY OF THE INAUGURAL DRILLING PROGRAM AT WILLIAMS BROOK:
 
■ The holes intersected continuous pervasive alteration and mineralisation from surface:

■ WB21-01 grades 1.30 g/t Au over 25.6m including 5.50g/t Au over 6.4m

■ WB21-02 grades 5.50 g/t Au over 50.5m including 46.94 g/t Au over 3.9m

■ WB21-03 grades 0.55 g/t Au over 37.6m including 7.81 g/t Au over 2.2m

■ WB21-05 grades 1.00 g/t Au over 26.4m including 12.64 g/t Au over 2.0m

■ WB21-06 grades 1.16 g/t Au over 48.7m including 16.92 g/t Au over 2.9m

■ WB21-07 grades 0.46 g/t Au over 25.6m including 5.40 g/t Au over 0.9m

■ WB21-08 grades 0.46 g/t Au over 25.5m including 8.96 g/t Au over 1.1m

■ WB21-09 grades 1.07 g/t Au over 36.0m including 15.52 g/t Au over 1.7m

■ WB21-10 grades 1.07 g/t Au over 14.4m including 4.17 g/t Au over 2.0m

■ WB21-12 grades 1.00 g/t Au over 40.6m including 6.93 g/t Au over 3.8m

■ WB21-13 grades 0.30 g/t Au over 49.4m including 7.53 g/t Au over 0.6m

■ WB21-14 grades 0.70 g/t Au over 28.4m including 16.7 g/t Au over 1.1m

■ WB21-16 grades 0.82 g/t Au over 78.8m including 5.11 g/t Au over 8.4m

■ WB21-17 grades 0.35 g/t Au over 110.5m including 4.85 g/t Au over 4.7m

■ Very high-grade samples collected at depth are representative of surface grab samples:

■ WB21-02 grades 69.9 g/t Au over 1.0m at 46.5m down the hole

■ WB21-03 grades 23.1 g/t Au over 0.65m at 56.85m down the hole

■ WB21-06 grades 72.1 g/t Au over 0.30m at 47.6m down the hole

■ WB21-14 grades 89.1 g/t Au over 0.20m at 33.6m down the hole

■ WB21-16 grades 48.1 g/t Au over 0.60m at 80.0m down the hole

■ WB21-17 grades 30.1 g/t Au over 0.60m at 107.0m down the hole

■ Significant gold mineralisation is extending in the deeper holes:

■ WB21-04 grades 2.84 g/t Au over 1.0m at 140.5m

■ WB21-07 grades 3.42 g/t Au over 0.35m at 149.65m

■ WB21-16 grades 25.3 g/t Au over 0.35m at 88.0m

■ WB21-17 grades 30.1 g/t Au over 0.6m at 107.0m

■ Significant high-grade gold mineralisation observed in the rhyolite is now recognized in the sediments thus increasing the potential size of the favourable corridor. These drill intercepts are listed here: 48.2 g/t Au over 0.4m, 22.2 g/t Au over 0.7m, 20.0 g/t Au over 0.5m, 19.9 g/t Au over 0.5m and 18.8 g/t Au over 0.5m.

 

 

Figure 10. (above) -- Close-up of O'Neil Gold Trend - and some noteworthy drill hole intercepts annotated.

 

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A closer look at each hole to date:

 

The first 6 holes (announced September 15, 2021):

 

 

Figure 11a. (above) -- Highlights ; see related press release here.

 

Significant positive observations from the initial drilling results in 2021:
 

  The gold mineralisation starts at surface:
     ● WB21-01 intersected 1.30 g/t Au over 25.60 meters from 4.00 meters
     ● WB21-02 intersected 5.55 g/t Au over 50.15 meters from surface (0m)
     ● WB21-05 intersected 1.16 g/t Au over 48.70 meters from 1.50 meters

 
  The high-grade samples collected at surface are representative of the mineralization at depth:
     ● WB21-01 intersected 50.0 g/t Au over 0.50 meters
     ● WB21-02 intersected 59.68 g/t Au over 1.50 meters
     ● WB21-03 intersected 23.10 g/t Au over 0.65 meters
     ● WB21-05 intersected 16.07 g/t Au over 1.10 meters
     ● WB21-06 intersected 44.74 g/t Au over 0.70 meters
 

  Significant mineralized and altered thickness intersected:
     ● WB21-01 intersected 1.30 g/t Au over 25.60 meters
     ● WB21-02 intersected 5.55 g/t Au over 50.15 meters
     ● WB21-03 intersected 1.47 g/t Au over 12.10 meters
     ● WB21-05 intersected 1.00 g/t Au over 26.40 meters
     ● WB21-06 intersected 1.16 g/t Au over 48.70 meters
 

  The high-grade surface mineralization is extending at depth:
     ● WB21-02 intersected 59.68 g/t Au over 1.50 meters from 47.60 meters
     ● WB21-03 intersected 23.10 g/t Au over 0.65 meters from 56.85 meters
     ● WB21-04 intersected 2.84 g/t Au over 1.10 meters from 140.50 meters
     ● WB21-06 intersected 44.74 g/t Au over 0.70 meters from 47.60 meters
 

  The gold mineralisation is extending in the sediments:
     ● WB21-04 intersected 1.92 g/t Au over 0.70 meters from 16.80 meters
     ● WB21-04 intersected 2.84 g/t Au over 1.00 meters from 140.50 meters

 

------ ------ ------

 

The following is a synopsis of the second round of drill holes released on October 21, 2021 (holes 7 - 12):

 

HIGHLIGHTS
■ All six (6) holes intersected continuous pervasive alteration and mineralisation:
 

WB21-12 grade 1.00 g/t Au over 40.6m including 6.93 g/t Au over 3.8m
WB21-09 grade 1.07 g/t Au over 36.0m including 15.52 g/t Au over 1.7m
WB21-10 grade 1.07 g/t Au over 14.4m including 2.24 g/t Au over 6.0m
■ Gold contained in quartz veins networks intersected at depth duplicates very well the surface grab samples assays.
 

■ Significant gold mineralisation observed in the rhyolite is now recognized in the sediments thus increasing the potential siz eof the favourable corridor.
 

■ High grade gold veins extending in the sediments such as: 48.2 g/t Au over 0.4m, 22.2 g/t Au over 0.7m, 20.0 g/t Au over 0.5m, 19.9 g/t Au over 0.5m and 18.8 g/t Au over 0.5m.

 

Marcel Robillard, President and CEO, stated: We are pleased to confirm that the significant high grade gold intercepts are not limited to the altered rhyolite but also extend into the sediments. It is in line with our structural model of a N260 oriented high-grade gold bearing quartz veins network open on both side and at depth. So far, results are impressive for a first initial 2,300 meters drilling campaign and needless to say that we can’t wait to launch the planned 10,000m soon!

 

Table 2. (below) Significant Drill Results for WB21-06 to WB21-12*

Hole ID

From (m)

To (m)

Lenght (m)

Au (g/t)

WB21-07

8.40

34.00

25.60

0.46

Incl.

8.40

9.85

1.45

2.18

and

25.00

33.00

8.00

0.95

Incl.

25.00

25.90

0.90

5.40

Incl.

32.00

33.00

1.00

1.22

 

 

 

 

 

 

146.75

150.00

3.25

0.49

Incl.

149.40

150.00

0.60

2.14

WB21-08

8.00

33.50

25.50

0.46

Incl.

8.50

10.10

1.60

5.93

and

9.05

10.10

1.05

8.96

         

 

25.80

27.90

2.10

0.62

         

 

65.30

65.75

0.45

1.17

WB21-09

15.00

51.00

36.00

1.07

Incl.

15.00

18.40

3.40

8.04

 Incl.

16.30

18.00

1.70

15.52

 and

38.00

39.00

1.00

10.24

 Incl.

38.50

39.00

0.50

20.00

WB21-10

17.20

31.60

14.40

1.07

Incl.

17.20

23.20

6.00

2.24

 Incl.

19.20

21.20

2.00

4.17

WB21-11

21.50

45.85

24.35

0.23

Incl.

21.50

23.50

2.00

1.00

 and

45.40

46.50

1.10

1.97

WB21-12

28.40

69.00

40.60

1.00

 Incl.

28.40

54.00

25.60

1.58

Incl.

28.60

35.00

6.40

4.83

 Incl.

28.60

32.40

3.80

6.93

 

     

 

 Incl.

28.60

29.00

0.40

48.20

 and

32.00

32.40

0.40

12.75

 and

34.50

35.00

0.50

5.02

 and

53.00

54.00

1.00

8.54

 

Table 3. (below) Technical Informations About the Drill Holes Released

Hole ID

Utm X

Utm Y

Orientation

Angle

Lenght (m)

WB21-07

660253

5259313

N155º

-45 º

210

WB21-08

660253

5259314

N155º

-65 º

139

WB21-09

660236

5259306

N155º

-45 º

99

WB21-10

660236

5259306

N155º

-65 º

98

WB21-11

660219

5259296

N155º

-45 º

58

WB21-12

660219

5259297

N155º

-65 º

150

WB21-13

660235

5259260

N155º

-45 º

110

* Stated lengths in meters are downhole core lengths and not true widths. True widths will be calculated once more drilling confirms the geometry of the quartz-sulphide system.

 

Figure 11b. (above) Map of the Lynx Zone Drill Results from  October 21, 2021 news release

------ ------ ------

 

The following is a synopsis of the third round of drill holes released on November 11, 2021 (holes 13 - 18):

Hole ID

From (m)

To (m)

Lenght (m)

Au (g/t)

WB21-13

23.65

73.00

49.35

0.30

incl.

24.65

35.00

10.35

1.27

incl.

25.25

33.00

7.75

1.49

incl.

25.25

27.25

2.00

3.34

incl.

26.70

27.25

0.55

7.53

and

32.00

33.00

1.00

4.06

 

69.00

69.30

0.30

2.71

WB21-14

8.00

36.40

28.40

0.70

incl.

23.70

33.80

10.10

1.86

incl.

32.70

33.80

1.10

16.70

 

118.00

118.55

0.55

0.67

WB21-15

5.95

14.40

8.45

0.10

incl.

9.50

10.10

0.60

0.84

WB21-16

2.30

109.40

107.10

0.62

incl.

9.60

88.35

78.75

0.82

incl.

9.60

24.50

14.90

1.34

incl.

9.60

11.70

2.10

8.42

 

10.15

10.55

0.40

25.10

and

42.95

88.35

45.40

1.00

incl.

70.50

88.35

17.85

2.40

incl.

80.00

88.35

8.35

5.11

incl.

80.00

80.60

0.60

48.00

and

86.85

87.30

0.45

10.60

and

88.00

88.35

0.35

25.30

WB21-17

4.00

114.50

110.50

0.35

incl.

4.00

40.00

36.00

0.43

incl.

4.00

11.50

7.50

2.00

incl.

4.00

7.25

3.25

4.50

incl.

5.15

6.00

0.85

15.15

and

103.70

114.50

10.80

2.13

incl.

107.00

111.65

4.65

4.85

incl.

107.00

107.60

0.60

30.10

WB21-18

24.50

67.00

42.50

0.11

incl.

24.50

36.00

11.50

0.34

incl.

24.50

26.80

2.30

1.61

incl.

24.85

26.00

1.15

2.31

and

35.60

36.00

0.40

0.40

and

62.00

63.00

1.00

0.41

and

87.70

88.80

1.10

0.56

* Stated lengths in meters are downhole core lengths and not true widths. True widths will be calculated once more drilling confirms the geometry of the quartz-sulphide system.

------ ------ ------      ------ ------ ------      ------ ------ ------

 

2022 drill results -- first 19 holes (source April 28, 2022 news release):

 

Table 1: Assay result highlights from reported holes

Hole ID From (m) To (m) Length* (m) Au (g/t)
WB22-19 7.00 31.00 24.00 0.20
incl. 7.00 22.35 15.35 0.30
incl. 7.00 11.50 4.50 0.90
incl. 7.25 7.60 0.35 8.27
WB22-20 8.80 47.00 38.20 0.15
incl. 8.80 14.60 5.80 0.32
incl. 8.80 9.10 0.30 3.77
incl. 14.00 14.60 0.60 1.18
         
and 34.85 47.00 12.15 0.32
incl. 34.85 35.15 0.30 5.10
incl. 46.75 47.00 0.25 4.80
WB22-21 9.70 26.35 16.65 0.30
incl. 15.50 26.35 10.85 0.42
incl. 15.50 16.50 1.00 2.92
incl. 22.10 22.50 0.40 1.12
WB22-22 0.70 25.00 24.30 0.47
incl. 6.10 25.00 18.90 0.60
incl. 6.10 7.10 1.00 1.95
incl. 21.30 25.00 3.70 2.40
incl. 21.30 22.05 0.75 3.02
incl. 22.05 23.00 0.95 4.37
incl. 24.00 25.00 1.00 2.13
WB22-23 10.00 28.00 18.00 0.33
incl. 10.00 11.00 1.00 1.34
incl. 27.45 28.00 0.55 7.83
WB22-24 6.50 35.00 28.50 0.44
incl. 6.50 11.85 5.35 1.12
incl. 6.50 7.50 1.00 5.55
incl. 11.40 11.85 0.45 0.93
         
and 18.80 27.40 8.60 0.73
incl. 21.35 27.40 6.05 1.00
incl. 20.80 23.50 2.70 2.07
incl. 21.35 21.65 0.30 1.95
and 21.65 22.00 0.35 4.77
and 22.40 22.80 0.40 5.73
and 22.80 23.50 0.70 0.93
and 27.10 27.40 0.30 0.96


Table 1. Assay result highlights from reported holes (continued)

Hole ID From (m) To (m) Length* (m) Au (g/t)
WB22-25 1.40 36.75 35.35 3.12
incl. 1.40 18.30 16.90 6.47
incl. 2.00 5.00 3.00 34.93
incl. 2.00 2.90 0.90 2.61
and 2.90 3.50 0.60 14.65
and 3.50 4.00 0.50 183.00
and 4.00 4.45 0.45 4.00
and 4.45 5.00 0.55 0.63
         
and 11.00 18.30 7.30 0.60
incl. 11.00 12.20 1.20 1.92
and 14.90 15.30 0.40 2.34
incl. 17.25 18.30 1.05 1.05
and 35.70 36.75 1.05 0.61
WB22-26 20.20 58.00 37.80 0.92
incl. 20.20 53.55 33.35 1.00
incl. 20.20 34.50 14.30 2.18
incl. 20.20 27.10 6.90 4.41
incl. 20.20 21.45 1.25 5.70
incl. 25.50 26.50 1.00 22.00
incl. 53.15 53.55 0.40 4.31
incl. 57.00 58.00 1.00 1.22
WB22-27 29.70 32.20 2.50 0.59
incl. 29.70 30.65 0.95 0.92
WB22-28 27.70 28.95 1.25 2.89
incl. 27.70 28.15 0.45 6.61
  28.15 28.95 0.80 0.79
WB22-29 17.00 79.15 62.15 0.16
incl. 17.00 24.70 7.70 0.49
incl. 17.00 17.70 0.70 4.21
and 21.00 22.00 1.00 0.56
  40.00 41.00 1.00 0.50
         
and 57.10 79.15 22.05 0.25
incl. 57.10 58.00 0.90 0.87
incl. 63.00 64.00 1.00 1.10
incl. 78.50 79.15 0.65 2.97

Table 1. Assay result highlights from reported holes (continued)

Hole ID From (m) To (m) Length* (m) Au (g/t)
WB22-30 90.50 92.55 2.05 1.75
incl. 90.50 91.00 0.50 4.79
and 91.00 92.00 1.00 0.96
  111.30 111.75 0.45 0.85
WB22-31 NIL      
WB22-32 3.70 49.00 45.30 0.40
incl. 3.70 46.35 42.65 0.42
incl. 3.70 19.95 16.25 0.97
incl. 3.70 10.00 6.30 2.46
incl. 3.70 7.00 3.30 3.25
and 27.25 27.70 0.45 1.30
and 46.00 46.35 0.35 1.23
WB22-33 7.80 48.00 40.20 0.29
incl. 7.80 31.30 23.50 0.46
incl. 16.05 31.30 15.25 0.66
incl. 29.90 31.30 1.40 6.77
incl. 30.35 30.65 0.30 30.50
WB22-34 12.90 31.00 18.10 0.22
incl. 12.90 13.15 0.25 0.59
         
and 25.45 28.95 3.50 0.64
incl. 26.45 28.45 2.00 0.89
incl. 26.45 26.95 0.50 2.72
and 28.00 28.45 0.45 0.91
WB22-35 14.00 22.85 8.85 1.78
incl. 14.90 17.50 2.60 5.83
incl. 14.90 16.50 1.60 7.86
and 22.20 22.85 0.65 0.62
WB22-36 3.80 25.90 22.10 3.97
incl. 3.80 18.00 14.20 5.79
incl. 3.80 8.35 4.55 15.72
incl. 3.80 7.00 3.20 22.28
incl. 3.80 4.50 0.70 16.50
and 4.50 5.15 0.65 59.60
and 5.15 7.00 1.85 11.35
incl. 16.40 18.00 1.60 6.70
and 24.65 25.90 1.25 3.90
WB22-37 2.15 22.90 20.75 0.11
incl. 11.00 14.70 3.70 0.50
incl. 12.00 13.00 1.00 0.95
incl. 13.45 13.85 0.40 0.79

*Stated lengths in metres are downhole core lengths and not true widths.
True widths will be calculated once more drilling confirms the geometry of the quartz-sulphide system.

Table 2: Coordinates and length of reported drill holes

DDH # Easting UTM Nad83 Northing UTM Nad83 Elevation (m) Az (°) Dip (°) Length (m)
WB22-19 660 354 5 259 522 385 115 -45 100
WB22-20 660 354 5 259 522 385 115 -65 101
WB22-21 660 354 5 259 522 385 160 -45 106
WB22-22 660 354 5 259 522 385 160 -65 101
WB22-23 660 363 5 259 487 385 160 -45 54
WB22-24 660 341 5 259 481 386 155 -45 88
WB22-25 660 341 5 259 482 386 155 -65 74
WB22-26 660 316 5 259 541 387 115 -65 145
WB22-27 660 323 5 259 461 388 115 -45 52
WB22-28 660 322 5 259 462 388 115 -65 143
WB22-29 660 287 5 259 479 388 115 -65 158
WB22-30 660 232 5 259 504 386 115 -65 224
WB22-31 660 235 5 259 577 382 115 -65 239
WB22-32 660 359 5 259 535 385 155 -45 136
WB22-33 660 359 5 259 535 385 155 -65 116
WB22-34 660 349 5 259 509 386 155 -45 142
WB22-35 660 349 5 259 509 386 155 -65 113
WB22-36 660 340 5 259 505 387 155 -45 156
WB22-37 660 340 5 259 505 387 155 65 142
19 Holes           2,389 Metres

 

------ ------ ------

 

2022 drill results, 2nd batch of results, holes 20 - 43 (June 8, 2022):

 

Significant assay results from reported holes*
Hole ID From (m) To (m) Length (m) Au (g/t)
WB22-38 33.00 33.40 0.40 0.79
WB22-39 8.30 33.00 24.70 1.23
incl. 21.70 29.00 7.30 4.05
incl. 26.50 29.00 2.50 11.71
WB22-42 20.05 34.60 14.55 0.14
incl. 20.05 22.75 2.70 0.62
incl. 22.50 22.75 0.25 2.74
WB22-43 1.80 27.00 25.20 0.30
incl. 1.80 2.80 1.00 2.26
and 19.70 24.10 4.40 1.10
incl. 19.70 20.10 0.40 8.25
incl. 23.30 24.10 0.80 1.47
and 136.20 137.20 1.00 0.39
WB22-44 24.60 28.85 4.25 0.47
incl. 24.60 26.15 1.55 0.98
WB22-45 28.10 35.65 7.55 0.27
incl. 28.10 28.75 0.65 1.91
incl. 35.00 35.65 0.65 0.88
WB22-46 11.10 29.60 18.50 0.16
incl. 23.20 24.00 0.80 3.43
WB22-48 assays pending    
WB22-49 assays pending    
WB22-50 10.00 29.05 19.05 0.11
incl. 20.45 20.70 0.25 2.45
incl. 27.85 28.25 0.40 2.00
WB22-51 4.05 17.50 13.45 0.18
incl. 4.05 4.60 0.55 3.73
WB22-52 8.00 15.30 7.30 2.13
incl. 9.90 11.90 2.00 3.08
incl. 13.80 15.30 1.50 5.17
WB22-54 17.95 25.50 7.55 1.05
incl. 17.95 18.65 0.70 2.72
incl. 21.40 25.50 4.10 1.46
incl. 24.80 25.50 0.70 5.81
WB22-55 30.35 40.95 10.60 0.31
incl. 30.35 31.00 0.65 4.89
WB22-56 48.35 49.00 0.65 0.56
WB22-57 2.70 15.00 12.30 4.30
incl. 2.70 3.50 0.80 1.97
and 9.55 13.85 4.30 11.91
incl. 12.40 13.85 1.45 35.09
and 66.40 67.40 1.00 0.45
and 71.50 72.30 0.80 0.56
WB22-58 8.00 31.00 23.00 1.15
incl. 8.00 16.00 8.00 3.28
incl. 10.10 12.90 2.80 8.57
incl. 11.70 12.90 1.20 16.85
WB22-59 23.90 28.25 4.35 0.59
incl. 27.00 28.25 1.25 1.26
WB22-60 38.50 44.70 6.20 2.38
incl. 38.50 42.50 4.00 3.73
incl. 40.00 40.60 0.60 21.00
WB22-62 77.80 78.30 0.50 0.49
WB22-63 assays pending    
WB22-64 assays pending    
WB22-65 assays pending    
WB22-66 30.60 35.00 4.40 5.01
incl. 32.00 34.00 2.00 10.70
and 66.25 73.40 7.15 13.49
incl. 66.50 68.35 1.85 51.73

*Stated lengths in metres are downhole core lengths and not true widths. True widths will be calculated once more drilling confirms the geometry of the quartz-sulphide system.

Coordinates of reported drill holes
DDH # Easting UTM Nad83 Northing UTM Nad83 Elevation (m) Az (°) Dip (°) Length (m)
WB22-38 660 351 5 259 553 387 160 65 137
WB22-39 660 346 5 259 540 387 155 65 128
WB22-40 660 341 5 259 527 388 155 65 152
WB22-41 660 332 5 259 522 387 155 65 137
WB22-42 660 332 5 259 501 388 155 65 146
WB22-43 660 322 5 259 497 388 155 65 140
WB22-44 660 332 5 259 479 386 155 45 118
WB22-45 660 332 5 259 479 386 155 65 92
WB22-46 660 327 5 259 466 388 155 45 79
WB22-47 660 327 5 259 466 388 155 65 97
WB22-50 660 321 5 259 452 388 155 65 65
WB22-51 660 323 5 259 425 388 155 45 116.5
WB22-52 660 323 5 259 425 388 155 65 89
WB22-53 660 323 5 259 425 388 65 45 86
WB22-54 660 323 5 259 425 388 65 65 65
WB22-55 660 303 5 259 405 390 155 45 104.5
WB22-56 660 294 5 259 423 390 155 65 163
WB22-57 660 294 5 259 386 390 155 45 86
WB22-58 660 294 5 259 386 390 155 65 100
WB22-59 660 285 5 259 404 390 155 65 117
WB22-60 660 213 5 259 317 389 115 65 230
WB22-61 660 190 5 259 328 388 115 65 138
WB22-62 660 192 5 259 327 388 155 45 100
24 Holes           2,814 Metres
------ ------ ------
 

Looking at the bigger potential. VTEM shows there is lots of unexplored ground:

 

 

Figure 12. (above) -- Detailed VTEM Airborne Survey Showing Distinct Magnetic Signature. The geophysics show the low mag./high mag. contact; Puma has only explored a small piece of a large belt.

 

 

Figure 13. (above) -- The other two gold trends at Willams Brook are yet to be explored by Puma; Williams Brook 1 Gold Trend  (WB1GT) and Williams Brook 2 Gold Trend (WB2GT). Back in 2008 a past operator drilled 54 g/t over 2.8 m and they encountered some excellent trenching values. All the gold trends are parallel structures, there are likely more to be found. The only question is how big is this going to get.

 

 

Figure 14. (above) -- Numerous gold occurrences throughout Puma's claim blocks.

 ------ ------ ------      ------ ------ ------      ------ ------ ------

 

Below is a listing of recent Company news, and CV's of key people.

 

 Content found herein is not investment advice see Terms of Use, Disclosure & Disclaimer

 

Recent news releases regarding Company accomplishments and operational developments:

 

August 4, 2022 Puma Exploration Announces Date for Annual and Special Meeting of Shareholders

 

July 26, 2022 Puma Exploration Receives $1.75m From Warrant Exercise

 

July 14, 2022 Puma Exploration Announces the Completion of Canadian Copper Common Shares Distribution

 

June 28, 2022 Puma Exploration Completes Its Winter Drilling Program and Outlines Its Summer Field Exploration Program at Williams Brook

 

June 22, 2022 Puma Exploration Announces Uplisting to OTCQB Under Symbol "PUMXF"

 

June 9, 2022 Puma Exploration Announces Record Date in Connection With a Distribution of Common Shares of Canadian Copper, a Strategically-Focused Company With Copper Exploration Projects in Canada

 

June 8, 2022 Puma Exploration Discovers Several New High-grade Gold Zones at Williams Brook, Including 51.73 G/t Gold Over 1.85 m

 

May 4, 2022 Puma Exploration Adds a Second Drill at Its Williams Brook Gold Project

 

April 28, 2022 Puma Exploration Drills a New High-Grade Zone of 34.93 g/t Gold Over 3.00m Within a 16.90m Intercept Grading 6.47 g/t Gold at Williams Brook

 

March 22, 2022 Puma Exploration Reports up to 121.50 g/t Gold in Grab Samples* From Last 2021 Surface Exploration Results

 

March 10, 2022: Puma Exploration Provides Corporate Update

   

March 1, 2022: Puma Exploration Signs Strategic Land Package Agreement to Extend Its Williams Brook Gold Property

   

February 22, 2022: Puma Exploration Provides Update on Current Drilling Program, Reports Impressive Quartz Veining and Breccia in Core

   

February 14, 2022: Puma Exploration Announces Virtual Extraordinary Meeting of Shareholders and Gives Update on Distribution of Melius Metals Securities

   

February 1, 2022: Puma Exploration Increases Its Williams Brook Landholdings

   

January 27, 2022: Puma Exploration Reports Up to 371 G/T Gold in Surface Rock Samples*

   

January 12, 2022: Puma Exploration Launches Its 2022 Exploration Program and Announces up to 51.70 G/T Gold in Surface Grab Samples*

 

December 30, 2021: Puma Exploration Raises $922,200 in Non-Brokered Private Placement

   

December 21, 2021: Puma Exploration Shares Its 2022 Exploration Strategy

   

December 17, 2021: Puma Exploration Closes C$5,000,000 Brokered Private Placement

   

December 8, 2021: Puma Exploration Discovers Large Quartz Veins at Surface With Visible Gold on Its Williams Brook Gold Property

   

December 6, 2021: Puma Exploration Completes Property-Scale Airborne Radiometric Survey

   

December 1, 2021: Puma Exploration Arranges $5,000,000 Private Placement

   

November 25, 2021: Puma Exploration Updates on Copper Transaction With Melius Metals

   

November 23, 2021: Puma Exploration Accelerates Option Agreement Payments to Acquire 100% Ownership in Its Williams Brook Gold Project

   

November 17, 2021: Puma Extends Mineralised Zone With High-Grade Samples up to 46,8 g/t Au, Increasing Gold Potential at the Williams Brook Gold Property

   

November 11, 2021: Puma Exploration Drills 5.11 g/t Au over 8.35 Meters within a Broader Zone Grading 0.82 g/t Au over 78.75 Meters at Williams Brook Gold Property

   

November 4, 2021: Puma Exploration Discovers New Visible Gold-Bearing Zone at Williams Brook Gold Property

  

October 21, 2021: Puma Exploration Drilled 1.00 g/t Au over 40.6 metres and Extends the Gold Mineralised Zone into the Sediments at Williams Brook

 

October 14, 2021: Puma Exploration Identifies More High-Grade Gold Veins with up to 199 g/t* Au from Surface Sampling on Its Williams Brook Gold Property, Atlantic Canada

 

October 7, 2021: Puma Exploration Continues Aggressive Exploration on the O'Neil Gold Trend on it's Williams Brook Property, Atlantic Canada

 

September 15, 2021: Puma Exploration Drills 5.55 g/t Au over 50.15 meters* on Initial Drilling at Williams Brook Gold Property

 

September 7, 2021: Puma Exploration Inc. Shareholders Approved All Matters at the Annual and Special Meeting

 

August 26, 2021: Puma Exploration Intersects Mineralization and Alteration in All Drill Holes at Williams Brook Gold Property, New Brunswick, Canada

 

August 19, 2021: Puma Exploration Closes $1.6 Million Financed Led by a Strategic Investment by Crestcat Capital for $960,000

 

August 3, 2021: Puma Exploration Signs Memorandum of Understanding (MOU) with Pabineau First Nation, New Brunswick, Canada

 

July 15, 2021: Puma Exploration Drills Visible Gold (VG) in the Inaugural Drilling Program at Williams Brook Gold Property, New Brunswick, Canada

 

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Puma Exploration's Management, and Governance  Skip to top

The current management team and board of directors has a well rounded combination of people that each contribute expertise in disciplines necessary for a successful mining entity:

 

Marcel Robillard – President, CEO

Marcel Robillard is a geologist and a 1993 graduate of Université du Québec in Montreal. He also earned a master’s degree in earth sciences in 1995. Since September 2010, he is president and CEO of Puma Exploration (PUM-TSX-V). He is Director of PEZM Gold Inc.(PEZM-H). From 1998 to 2007, he was project geologist and project manager for Géominex, a geology and exploration consulting company where he was president from 2007 to 2015.

   

Richard Thibault – Director

Richard Thibault holds a B.Sc. (Mining Engineering) from Queen's University of Canada. He is a Professional Engineer (P.Eng.) with over 42 years of mining experience in engineering, operations, management and consulting in North and South America and Southeast Asia. He is currently the President and Principal at Avot Consulting Inc. Recently, he was the vice-president and director of mines at Muzo Columbia, and prior the Group Chief Operating Officer, Mining of Malaysia Smelting Company Bhd. and Senior General Manager of its subsidiary Rahman Hydraulic Tin Sdn. Bhd. From 2008 to 2013 he was Chief Executive Officer and Director of Antioquia Gold Inc. (AGD-V) a publicly traded company with mining interests in Colombia. Mr. Thibault HAS worked in Argentina, Australia, Bolivia, Canada, Chile, Colombia, Ecuador, Malaysia, Mexico, Panama, Peru, United States and Venezuela.

  

Michel Fontaine – Director

Michel Fontaine is a private investor, entrepreneur, and independent board member of Puma Exploration Inc. with more than two decades of experience working in the mining sector. He is currently the founder and Sales Manager of Windfall Geotek, a public software firms (TSXV-WIN) leveraging Artificial Intelligence (AI) and Machine Learning since 2005 to optimize and significantly improve outcomes in the exploration, development, operations, and financing in the mining sector. Mr. Fontaine currently serves on the Board of Directors of Puma Exploration (TSXV-PUMA). Michel also served in the past on the Boards of Directors of Metanor, Majescor, Everton and AEMQ. From 1997-2004, Michel worked at Merrill Lynch and BMO Nesbitt Burns as a financial advisor.

 

Réjean Gosselin – Director, Executive Chairman of the Board

Réjean Gosselin graduated from Laval University in 1979 with a Master’s Degree in Geology. He is fluent in French, English and Spanish. Immediately after graduating and until 1983, Réjean began his career in mining exploration with Jean Descarreaux and Associates Limited (JDAL) of Val d’Or, Quebec. As part of the projects executed with JDAL, Mr. Gosselin’s tasks consisted of supervising an uranium exploration program in Saskatchewan (1979-1980), implementing and conducting a gold exploration program for UN (United Nations Revolving Fund for Natural Resources Exploration) in Guyana (1980-1981), and elaborating and executing different exploration programs for gold and base metals in Canada and USA. In 1980, he also co-founded with Jean Descarreaux Claude Resources acquired by Silver Standard for 450M$ in 2016. In 1983 he listed Oasis Resources (now Gleneagle Resources) and later in 1990 Oxford Resources (now Midland Exploration). For more than 30 years, Mr. Gosselin worked in mining exploration and served as director and Chief Executive Officer for various Canadian junior mining companies. More recently, from 2003 to 2007, he was President and CEO of Diabras Exploration (now Sierra Metals). During this period, he was responsible for the reopening of two mines in the state of Chihuahua, Mexico, namely the Bolivar Zn-Cu mine and the Cusi silver mine. Under his guidance, his team made the discovery of the Cu-Au-Fe skarn-hosted deposit adjacent to the Bolivar Mine in the Sierra Madre. The three mines are still in operation today. In 2007 he formed Maya Gold & Silver and served as President and CEO until 2009 when he became Chairman of the Board until 2017. Under the helm of Mr Gosselin, Maya purchased and reopened the Zgounder Millenium Silver Mine in Morocco. Maya is now Aya Gold & Silver, a 1-Billion market cap company, mining, developing, and exploring in Morocco and Mauritania. Mr. Gosselin got involved with Rio Moche Exploration as President & CEO in 2015. Rio became public after the RTO of OneCap in 2017 on Colombian exploration projects, and later changed its name for Origin Gold Corporation. Origin became O2Gold in 2020 when Mr. Gosselin left. The company is still exploring in Colombia. Mr. Gosselin joined Puma Exploration Inc. one year ago. The company, at that time, was finally rewarded for its decade-long effort in New Brunswick by a gold discovery at Williams Brook. Mr. Gosselin helped the company secure financing in 2020.

 

Dr. Laura Araneda – Director

Dr. Laura Araneda lives in New Brunswick where she graduated from the University of New Brunswick with a Bachelor of Business Administration, the Entrepreneurial Leadership Program and was awarded a Doctorate of Letters from the University of New Brunswick in 2014. Laura was President of Vic Progressive Drilling for 20 years where she started as a clerk in 1987. Dr. Araneda has been awarded Canada's 100 Top Female Entrepreneur for four consecutive years. Laura also assists many institutes active in education, business and mining. Dr. Araneda possesses an enviable network in the Maritimes and in Canada.

 

Jacques Dion – Director

Mr. Jacques Dion has been appointed to Puma's Board of Directors effective immediately. Mr. Dion has more than 30 years of experience in environmental assessment, the management and transportation of hazardous materials, as well as emergency spill response planning. Following the Lac-Mégantic rail disaster, he was Project Director for recovering and treating petroleum hydrocarbon impacted water. He was involved in 4 major northern military site clean-up projects: Resolution Island, FOX-C, Cape Christian, and Cape Dyer. Mr. Dion also designed a solid waste management plan for the City of Iqaluit. He is a Board member and founder of Avataani Environmental Services with a local Nunavik partner. He also acted as Vice-President and Board member for 14 years with Qikiqtaaluk Environmental Services, an Inuit firm located in Iqaluit.

 

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Note: This article is not intended to be a complete overview of Puma Exploration Inc. or a complete listing of Puma Exploration's projects. Mining MarketWatch urges the reader to contact the subject company and has identified the following sources for information:

 

For more information contact Puma Exploration's head office at: PH (418) 724-0901

 

Company's web site: www.explorationpuma.com   SEDAR Filings: URL

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