Puma Exploration Launches its 2024 Drilling Program at Williams Brook

RIMOUSKI, Quebec, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the "Company" or "Puma") is pleased to report the start of its 2024 drilling program at its 100% owned Williams Brook Gold Project located in Northern New Brunswick. The 2024 program includes an initial 2,000 metres of diamond drilling at the Tiger Gold Zone (“TGZ”), a prospective new gold area discovered last year through the application of the Company’s successful discovery model.

The inaugural drilling program at Tiger will begin in early March and aims to grow the volume, scale and gold grade of the Williams Brook Gold Project. Drilling will target the 1.5 km northeast strike extension of the Lynx Gold Zone to prove the continuity of the high-grade gold mineralization along the Lynx Gold trend (Figure 1).

Figure 1. Gold zones along the Lynx Gold Trend (LGT)

The reader is cautioned that grab samples are selective by nature and may not represent the true metal content of the mineralized zone.

“We are very excited to launch our 2024 exploration program and begin drilling at Tiger. In 2023, we identified several high-grade gold targets along the northeast extension of the Lynx Gold Trend, and we expect drilling results to mirror what we’ve seen at Lynx. We’ve always said that Williams Brook hosts a very large system. Confirming, by drilling, the continuity of mineralization along a possible 4 km extension will be a huge step toward demonstrating the potential of the Williams Brook Gold Project. With our low-cost exploration model, we are committed to continuing to demonstrate scale, volume, and grade in 2024 despite challenging market conditions,” stated Marcel Robillard President and CEO of Puma.

The planned shallow drilling will test gold mineralization below the gold veins identified by trenching and mapping last year (Figure 2) at the Tiger Gold Zone. Drilling will also follow a fan pattern to understand what controls gold mineralization at the TGZ and how this zone fits within the four (4) km-long gold corridor.

Figure 2. Highly prospective TGZ gold target

Puma’s successful exploration model returned, amongst others, 5.50 g/t gold over 50.15 m in hole WB21-02 (see Sept.15, 2021, News Release), 2.77 g/t gold over 42.80 m in hole WB 22-66 (see June 8, 2022, News Release), 2.49 g/t gold over 63.05 m in WB23-139 (see Oct. 31, 2023 News Release), 5.15 g/t gold over 23.15 m in WB23-142 and 1.24 g/t gold over 98.05 m in WB23-145 (see Nov. 16, 2023 News Release).