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    PUMA   CA74588S2029

PUMA EXPLORATION INC.

(PUMA)
Delayed Quote. Delayed Bourse de Toronto - 12/03 05:00:00 pm
0.37 CAD   -6.33%
12/01IIROC Trading Resumption - PUMA
AQ
12/01Puma Exploration to Raise $5 Million via Private Placement
MT
12/01IIROC Trading Halt - PUMA
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Puma Exploration Announces Results for Six Additional Drill Holes for Williams Brook Gold Project Located in New Brunswick

10/21/2021 | 10:33am EST

Puma Exploration Inc. announced the results from six (6) additional drill holes completed within the inaugural drilling program at its flagship Williams Brook Gold Project located in New Brunswick, an emerging new gold district of Atlantic, Canada. These six (6) holes were collared to test the extension into the sediments of the gold bearing quartz veins intersected within the altered rhyolite by the previously announced six (6) drill holes. HIGHLIGHTS: All six (6) holes intersected continuous pervasive alteration and mineralisation: WB21-12 grade 1.00 g/t Au over 40.6m including 6.93 g/t Au over 3.8m; WB21-09 grade 1.07 g/t Au over 36.0m including 15.52 g/t Au over 1.7m; WB21-10 grade 1.07 g/t Au over 14.4m including 2.24 g/t Au over 6.0m; Gold contained in quartz veins networks intersected at depth duplicates very well the surface grab samples assays; Significant gold mineralisation observed in the rhyolite is now recognized in the sediments thus increasing the potential siz eof the favourable corridor; High grade gold veins extending in the sediments such as: 48.2 g/t Au over 0.4m, 22.2 g/t Au over 0.7m, 20.0 g/t Au over 0.5m, 19.9 g/t Au over 0.5m and 18.8 g/t Au over 0.5m. O?NEIL GOLD TREND: The O?Neil Gold Trend (OGT) is a pervasive altered and brecciated rhyolite unit hosting significant gold showings and occurrences followed by trenching and drilling over a strike length of 700 meters. The geophysical signature of the OGT is expressed over 7km. The favourable unit (rhyolite) is similar and parallel to the structures hosting the ?Williams 1? and ?Williams 2? Gold Zones where previous operator drilled in 2008, 54.2 g/t Au over 2.8 meters and 1 g/t Au over 23 meters. These trends are interpreted to be related to a major rifting in the New Brunswick Geological events and could represent a low sulphidation epithermal gold system. Along the OGT, the width of the rhyolite varies from 5 to 250 meters with an average apparent thickness of 150 meters. The core-oriented maiden drill campaign was completed on August 20, 2021. It consisted of 18 holes for a total of 2,360 meters that tested a 200-meter segment of the 700-meter-long O?Neil Gold Trend (OGT). The assay results for the twelve (12) first holes are released and all holes intersected significant gold mineralisation including the discovery hole WB21-02 that cut 5.55 g/t Au over 50.15 meters from surface, including 9.88 g/t Au over 8.60 meters and 46.94 g/t Au over 3.85 meters. The assays are pending for the remaining 6 drill holes.


ę S&P Capital IQ 2021
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Financials
Sales 2021 - - -
Net income 2021 -1,19 M -0,92 M -0,92 M
Net cash 2021 1,87 M 1,46 M 1,46 M
P/E ratio 2021 -8,46x
Yield 2021 -
Capitalization 31,9 M 24,9 M 24,8 M
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 95,9%
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Managers and Directors
Marcel Robillard President, Chief Executive Officer & Director
Ginette Gosselin Brisson Chief Financial Officer
RÚjean Gosselin Executive Chairman
Richard Andre Thibault Independent Director
Michel Fontaine Director
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