Puma Exploration Launches Drone High-Resolution Magnetic Survey at Williams Brook

RIMOUSKI, Quebec, April 25, 2024 (GLOBE NEWSWIRE) -- Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the "Company" or "Puma") has launched a high-resolution magnetic survey at its 100%-owned Williams Brook property (Figure 1) in Northern New Brunswick. The drone survey will be flown over 6 km of the Lynx Gold Trend and a width of 2 km, where recent drilling confirmed the presence of a favourable prospective gold corridor (see April 18, 2024 News Release).

Vision 4k Inc. has been contracted to fly a 372-line-kilometre survey at 35-metre spacing, covering an area of about 12 square kilometres. The survey will help map the lithology and structural features that control gold mineralization at the Lynx Gold Zone and translate that data to its extension along the Lynx Gold Trend. The detailed overprint of lithological contacts and additional structural features along the Lynx Gold Trend will identify additional exploration and drilling targets.

Figure 1. Location of the drone magnetic survey over the Williams Brook Property

“Our 2024 exploration strategy is to focus on the Lynx Gold Trend. Our work at the Lynx Gold Zone has shown that high-grade gold occurs at the contact between two rock types. The survey will help us identify this contact along the newly identified extension of the Lynx Gold Trend, where very little work has been done so far but where our percent drilling has shown promise. This very low-cost exploration tool will help direct our summer trenching and stripping program in preparation for our next round of drilling,” stated Marcel Robillard, President and CEO of Puma Exploration.

Figure 2. Location of the drone high-resolution magnetic survey along the Lynx Gold Trend

Ongoing Exploration at the Williams Brook Gold Project

• Surface exploration will start in May, including a stripping and sampling program along the favourable 4 km corridor. This will help ensure drilling success to improve further and expand the Lynx Gold Deposit.
  
  
• The 3D model of the Lynx Gold Zone mineralization, incorporating the results of the 2023 drilling at depth and along strike at the LGZ, is almost finalized. The updated model will provide Puma with additional high-grade drilling targets at the LGZ for future drilling.
  
  
• Puma continues to develop and derisk the Williams Brook Gold Project. Last year, metallurgical work was undertaken to understand and mitigate any issues with gold recoveries. This past winter, a small-scale simulation was conducted on a 3-tonne bulk sample. Results are encouraging, and a comprehensive review of the completed work will be announced shortly.