Puma Exploration Inc. announced that it successfully demonstrated that gold mineralization extends beyond 100 m depth at its 100%-owned Williams Brook Gold Project in Northern New Brunswick, Atlantic Canada. Twenty-four (24) holes for 3,475 m were drilled at the Lynx Gold Zone (?LGZ?) as part of the Phase 1 2023 drilling program. More than 100 specks of visible gold (?VG?) were observed in 37 separate areas (Figures 1 and 2, Table 1), with 16 occurrences located between 100 m and 211 m downhole depth.

Gold mineralization appears to be constrained at the favourable rhyolite/sediment contact, and potential bonanza-grade veins are typically associated with carbonate alteration (dolomite) and sulphides. Assays from Phase 1 drilling are pending; results will be announced when received. This first phase of drilling focused on the Lynx and Moose areas of the LGZ (Figure 2) and was designed to confirm and extend high-grade gold mineralization at depth and along strike.

Its objective was also to target, along the favourable contact, specific veins previously mapped at surface with different drilling orientations to better define the veins? geometry and update their structural model. Drilling successfully confirmed the extension of the mineralization beyond 150 m depth and revealed that the supergene alteration observed in the core transitions to ??fresh sulphides??

at 100 m vertical depth. Most of the holes 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 (Figure 3). Of note, the same sulphides were intersected 255 m downhole (180 m vertical depth) in hole WB22-145.