Puma Exploration secures more promising ground for Williams Brook Gold Project, The Canadian Business Journal

RIMOUSKI, Quebec, October 17, 2022 (GLOBE NEWSWIRE) — Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (“Company” or “Puma”) announces that it has strategically expanded its land holdings. We will announce it. His 7,391 hectares of the 100% owned Williamsbrook Gold Project in northern New Brunswick (see Figure 1).

The Company staked two contiguous claim blocks (Northern Rocky Brook and Jacket River properties) covering 340 claims near the Rocky Brook Millstream Fault (“RBMF”) northeast of Puma’s current property Did. The RBMF extends over 200 km and is the primary control for gold deposition. Several major gold deposits from Maine to Ireland (Oceana Gold, Newfound Gold, Marathon Gold, Daruradian Gold) are located near similar orogenic faults or their subsidiaries.

PUMA’s Williams Brook Gold project borders the Rocky Brook Millstream Fault (“RBMF”). This fault is a major regional structure that formed during the Appalachian orogeny and critically controls gold deposition in the region. This orogenic gold environment is host to several large-scale gold production and deposition.

Puma’s recent gold discovery indicates that a large gold system is at work at Williams Brook and that gold camping is possible in the area. With this in mind, we explore all available potential ground faults that host favorable felsic volcanic and sedimentary units that have been shown to carry gold near the Rocky Brookmill Stream fault. embarked on a strategic acquisition of

Newly staked Northern Rocky Brook and Jacket River land is located near paved roads and easily accessible from logging roads. Historically, claims were rarely investigated. Developed through work in the Lynx Gold Zone on the Williams Brook property, Puma’s discovery tools have the potential to uncover significant gold mineralization there.

There are no field surveys scheduled for new properties this fall. Our focus remains on the Lynx Gold Zone on the Williams Brook property. A detailed compilation of historical data will be completed this winter to highlight promising areas and assess priorities for the 2023 field season.

About the Williams Brooke Gold Project and Links Gold Zone

of Williams Brooke Gold Project It consists of six claim blocks covering more than 47,300 hectares within an established mining-friendly jurisdiction close to paved roads and with excellent infrastructure (Figure 2).

of Links Gold Zone It is interpreted to be a mineralized felsic dome within the large exohydrothermal/orogenic belt system portion of the Appalachian orogeny. High-grade gold mineralization is characterized by finely dispersed gold in quartz (veins, veinlets, stockwork, breccias) that have been affected by extensive hypergenetic alteration. The stratigraphy of the dome is well defined and typical: finely-stacked turbidite-type sedimentary units, rhyolite breccias with sedimentary fragments, giant rhyolite units, and sedimentary and pyroclastic units. Contact between sediment and rhyolite allows the movement of gold-bearing fluids and is characterized by highly silicified iron oxide carbonates and severe sericite alteration. The lynx gold zone was discovered in 2020 by a high-grade surface sample and subsequently recognized by a pit at depth in 2021. WB21-02 It intersects 5.55 g/t Au at 50.15 m from the surface and contains two high grade gold veins of 9.88 g/t Au at 8.60 m and 46.94 g/t Au at 3.85 m.

upcoming webinars
Puma is today inviting shareholders and other stakeholders to attend a webinar, Monday, October 17, 2022, 4:00 PM ESTPresident and CEO Marcel Robillard provides an overview of the 2022 exploration program and answers questions.

Click https://us06web.zoom.us/webinar/register/WN_AggStrceSKKGaCGRvs1CKg to register.

qualified person

Dominique Gagné PGeo, a Qualified Person as defined in the Canadian National Instrumentation Standard 43-101 Standard, has reviewed and approved the geological information reported in this news release.

Onsite quality assurance/quality control (“QA/QC”) measures

Drill core samples are bagged, sealed, and shipped to ALS CHEMEX’s facility in Moncton, New Brunswick. There each sample is crushed and pulped prior to combustion analysis (Au-ICP21). The remaining rough rejects of the sample are saved for further work or verification as required. As part of our QA/QC program, we insert external gold standards (from low grade to high grade) and blanks every 20 samples, in addition to standards, blanks, and duplicates.

All samples containing >10 g/t gold or abundant visible gold are analyzed with gravity finishing (Au-GRA22). Check assays are routinely performed on samples containing visible gold to confirm the gold content of mineralized zones.

About the Puma Exploration
Puma Exploration is a Canadian-based mineral exploration company with precious metals projects near the famous Bathurst Mining Camp (BMC) in New Brunswick, Canada. We are committed to a DEAR strategy (Development, Exploration, Acquisition, Loyalty) to deliver maximum shareholder value with minimal equity dilution.

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For more information, please visit www.explorationpuma.com or contact us at:

Marcel Robillard,
President, (418) 750-8510;
[email protected]

Mia Boyliday,
Director of Investor Relations and Corporate Development, (250) 575-3305;
[email protected]

Neither TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this release.

Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors that may cause Puma’s actual results, performance or achievements to differ. Actual future results and achievements expressed or implied by forward-looking statements may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, except as required by law. PUMA undertakes no obligation to publicly update or revise any forward-looking statements. These risks and uncertainties are described in our quarterly and annual reports and documents filed with the Securities and Exchange Administration.

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