RIMOUSKI, Quebec, Jan. 17, 2024 – Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the “Company” or “Puma”) is pleased to outline its key accomplishments and discoveries in 2023 and present its proposed 2024 Exploration Program at its 100% owned Williams Brook Gold Project located in Northern New Brunswick.
Marcel Robillard, President and CEO of Puma, stated: “2023 was another extraordinary year for Puma. We successfully fulfilled our objectives: we proved that mineralization at the Lynx Gold Zone (“LGZ”) extends to depth; we validated and refined our exploration discovery model and demonstrated that the LGZ extends at least 3 km northeast. We managed this under very difficult market conditions. I want to thank Puma’s technical team for its ongoing adaptability and our supportive shareholders who recognize the value of our low-cost, high-return exploration method. On the heels of a successful raise at the end of 2023, our team is excited to launch our 2024 exploration program and continue to build volume and scale at Williams Brook.”
Rejean Gosselin, Puma’s Executive Chairman, added, “Our 2023 drilling delivered high-grade gold results, with many intersections showing robust metal factors – up to 165! This continues to highlight the potential scale and calibre of the Williams Brook Gold Project. A sizeable orogenic kilometre-wide and deep gold system, similar to Fosterville, is possible here, and we’ll continue to diligently apply our discovery model to build the resource. Pay attention to Puma; we have lots in store for 2024!”
Figure 1. Main gold zones at the Williams Brook Gold Project
Puma is focused on growing the volume, scale and grade at the Williams Brook Gold Project. The 2024 plans include:
Upcoming Gold Investor Events
Puma invites shareholders and interested parties to stop by the booth, attend a presentation, or schedule a meeting at the upcoming conferences to discuss the Company’s recent news and proposed developments:
VRIC 2024, Vancouver, BC
January 21-22, 2024
Marcel Robillard will present on Sunday, January 21, at 10:50 am in Workshop 2
Vancouver Resource Investment Conference (cambridgehouse.com)
Prospector and Developers Association Conference (PDAC), Toronto, ON
March 3-6, 2024
About the Williams Brook Gold Project
Puma’s flagship Williams Brook Gold Project comprises four properties covering more than 49,000 ha in Northern New Brunswick—an established and mining-friendly jurisdiction near paved roads and with excellent infrastructure nearby. The land package is located near the Rocky Brook Millstream Fault (“RBMF”), a major regional structure formed during the Appalachian Orogeny and a significant control for gold deposition in the region.
Since 2021 and with less than C$12.5M of exploration investment. Puma has made multiple gold discoveries at the Williams Brook property and believes that the property hosts an extensive orogenic gold system. Puma’s ongoing exploration programs are focused on building a gold camp in Northern New Brunswick, Canada.
Dr. Gregg Morrison, a leading expert on intrusion-related, porphyry and epithermal gold systems, stated: “I believe Williams Brook is part of the same family of gold systems as Fosterville and Sunday Creek in Australia and Valentine Lake in Newfoundland. These other deposits are known for their structure-controlled mineralization, metal zoning, free gold in bonanza shoots and kilometre scale depth extent. The similarities to these more comprehensively explored deposits gives real confidence to deeper drilling in the Lynx Zone and continued exploration around the feeder structures in the Williams Brook District.’’
Figure 2. Main gold showings and occurrences at the Williams Brook Gold Project
The technical information of this release was reviewed and approved by Dominique Gagne, P.Geo. a consultant of Puma and a qualified person as defined by the National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
About Puma Exploration
Puma Exploration is a Canadian-based mineral exploration company with precious metals projects in New Brunswick, near Canada’s Famous Bathurst Mining Camp (“BMC”). Puma has a long history in Northern New Brunswick, having worked on regional projects for over 15 years. As a first mover, the Company quickly and strategically accumulated an impressive portfolio of prospective gold landholdings in the area. Puma’s successful exploration methodology combines old prospecting methods with detailed trenching and up-to-date technology such as Artificial Intelligence (“AI”) to facilitate an understanding of the geology and associated mineralized systems. Armed with geophysical surveys, geochemical data and consultants’ expertise, Puma has developed a perfect low-cost exploration tool to discover gold at shallow depths and maximize drilling results.
The Company is also committed to deploying its DEAR strategy (Development. Exploration. Acquisition. and Royalties) to generate maximum value for shareholders with low share dilution.
Marcel Robillard. President and CEO. (418) 750-8510;
Mia Boiridy. Head of Investor Relations and Corporate Development. (250) 575-3305; firstname.lastname@example.org
Neither the 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.
Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve several known and unknown risks, uncertainties, and other factors that 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. The quarterly and annual reports and the documents submitted to the securities administration describe these risks and uncertainties.
Source: Puma Exploration