Three Gold-Bearing Boulders Fields Found Over 2.0 km and Additional Results on the O’Neil Gold Zone of the Williams Brook Property - Seite 2

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 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.

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, the early phase of the summer exploration program incorporated large detailed prospecting and mapping mainly focused on the southern part on the Williams 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 property. 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 extremely anomalous till samples with up to 508 gold grains that occur over an area approximately 12 by 3 kilometres.