Puma Exploration Inc. announced the results for the first eleven (11) holes of its 2023 drilling program at its 100%-owned Williams Brook Gold Project in Northern New Brunswick. These holes were first reported on August 2, 2023, and are not part of the series that returned more than 100 specks of visible gold (?VG?) on initial inspection. Notwithstanding, seven (7) of the 11 holes reported returned significant gold, with four (4) holes intersecting multiple mineralized high-grade gold quartz veins.

Hole WB23-125 intersected fifteen (15) separate quartz veins and returned 90 m of 0.70 g/t gold from surface (at 2.90 m) with an impressive 50.85 m of 1.05 g/t gold starting at 42 m depth, including a 4.50 m interval of 6.46 g/t gold at 75 m depth. All 11 holes intersected the targeted quartz veins, with assay results returning anomalous gold (0.1 g/t) to 42.60 g/t. Results indicate substantial continuity and depth extension of the gold mineralization at the Lynx Gold Zone. Also, broad mineralized zones in previously untested areas ?

0.5 m of 16.1 g/t gold in WB23-128, 10.10 m of 3.30 g/t gold in WB23-129, 19.35 m of 0.54 g/t gold in WB23-131, 4.15 m of 3.18 g/t gold in WB23-132 indicate that additional gold chutes exist. Assay results for the remaining 13 holes of the 2023 drilling are pending and will be released when received. Phase 1 drilling focused on the Lynx and Moose areas of the LGZ.

It was designed to 1) confirm and extend high-grade gold mineralization at depth and along strike; 2) target, along the favourable contact, specific veins previously mapped at the surface with different drilling orientations to better define the veins? geometry and update the Company?s structural model. The program expanded from fifteen (15) to twenty-four (24) holes as Puma successfully intercepted the depth extensions of the high-grade shoots defined by previous drilling programs and intersected at depth along the newly identified orientation, the bonanza-grade quartz veins sampled at surface.

Most of the holes drilled show pervasive sericitization, but visible gold and associated potential bonanza-grade veins appear to be linked to the presence of carbonate alteration (dolomite) and Py-Cpy-Ga-Sp sulphide assemblages that occur as disseminated massive sulphides or as semi-massive veinlets within the quartz veins.