As outlined in its News Release of
Figure 1.
The 2024 summer program at Jonpol aims to investigate and revisit gold showings found by previous operators using Puma's proven exploration strategy. These gold occurrences are associated with mafic intrusions along and parallel to structures closely related to the Rocky Brook Millstream Fault ("RBMF"), a major orogenic structure trending ENE and known to host numerous gold occurrences and deposits.
Grab samples* reported from historical trenches, dug 36 years ago (1985-88), graded up to 17.1 g/t Au, 14.8 g/t Au, 10.6 g/t Au, 6.8 g/t Au, 5.1 g/t Au, and 3.4 g/t Au. Puma has not done any field work on those gold showings since the acquisition of the property in 2019. *Readers are cautioned that grab samples are selective by nature and may not represent the true metal content of the mineralized zone.
Potential at Jonpol Gold
The Jonpol Gold property is located only 5 km NW from the Murray Brook Deposit, the largest advanced-stage polymetallic asset in
Figure 2.
Increasing the Jonpol Gold property package
Following its DEAR (Development, Exploration, Acquisition and Royalties) strategy, Puma always seeks opportunities to maximize its landholdings and increase shareholder value. The Company secured 54 units (1,173 hectares) that came up for staking at a minimal investment of
Figure 3. Puma’s landholdings in
2024 Outlook
Puma is focused on growing the volume, scale, and grade of the
- Prove the continuity of the high-grade gold mineralization sampled at surface at the
Tiger Gold Zone along the 4.0km strike extension of the Lynx Gold Trend. Drilling along the Tiger and Cheetah gold zones has been completed, and assay results are pending. A drone magnetic survey (very detailed) was flown over 6 km of the Lynx Gold Trend, including the recently drilled 3.5 km extension (seeApril 25, 2024 News Release). Once interpreted, the new data will help direct Puma’s summer trenching and stripping program and help identify targets for its upcoming 2024 Summer/Fall drilling program. - Expand to depth the high-grade mineralized intercepts drilled in 2023 at the
Lynx Gold Zone . The 3D model of theLynx 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. - Expand regional exploration to new areas of the property and newly acquired land packages to identify additional priority targets and add to the project’s gold inventory. Demonstrate and continue to improve the gold recoveries at Williams Brook with conventional processing techniques (Prospection, mapping and trenching).
- 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.
Upcoming Gold Investor Events
Puma will host an “Ask Me Anything” session on ceo.ca on
Shareholders and interested parties are also invited to stop by the booth or schedule a meeting at the upcoming conferences to discuss the Company's recent news and proposed developments:
The Mining Investment Event of the North
About the
Puma's flagship
Puma’s successful exploration model returned, amongst others, 5.50 g/t gold over 50.15 m in hole WB21-02 (see Sept.15, 2021, News Release), 2.77 g/t gold over 42.80 m in hole
Since 2021, with less than
Dr.
Qualified Person
About
Armed with geophysical surveys, geochemical data and consultants’ expertise, Puma has developed a perfect low-cost exploration tool to discover gold at shallow depths and maximize drilling results.
Connect with us on Facebook / X/ LinkedIn.
Visit www.explorationpuma.com for more information or contact:
(418) 750-8510; president@explorationpuma.com
(250) 575-3305; mboiridy@explorationpuma.com
Neither the
Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve several known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, or achievements of Puma to be materially different from actual future results and achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made, except as required by law. Puma undertakes no obligation to publicly update or revise any forward-looking statements. The quarterly and annual reports and the documents submitted to the securities administration describe these risks and uncertainties.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/6a81b173-8a74-4b48-81de-3d619a6427ed
https://www.globenewswire.com/NewsRoom/AttachmentNg/248673ed-eadf-4ad8-a125-ca95e1589194
https://www.globenewswire.com/NewsRoom/AttachmentNg/0933cb6c-92a9-4e85-a5ba-b0aa3a2bb0c2
![](https://ml.globenewswire.com/media/YjFmMWE2MDgtZDc5MS00Zjg4LWJkZGYtYjdkN2E1YjdhNGE5LTEwOTg0MzE=/tiny/Puma-Exploration-Inc-.png)
Figure 1. Williams Brook Project properties and other Puma holdings
![](https://ml.globenewswire.com/media/6a81b173-8a74-4b48-81de-3d619a6427ed/medium/figure-1-williams-brook-project-properties-and-other-puma-ho.jpg)
Williams Brook Project properties and other Puma holdings
Figure 2. VTEM Survey of the Jonpol Gold property with gold occurrences
![](https://ml.globenewswire.com/media/248673ed-eadf-4ad8-a125-ca95e1589194/medium/figure-2-vtem-survey-of-the-jonpol-gold-property-with-gold-o.jpg)
VTEM Survey of the Jonpol Gold property with gold occurrences
Figure 3. Puma’s landholdings in Northern New Brunswick
![](https://ml.globenewswire.com/media/0933cb6c-92a9-4e85-a5ba-b0aa3a2bb0c2/medium/figure-3-pumas-landholdings-in-northern-new-brunswick.jpg)
Puma’s landholdings in Northern New Brunswick
2024 GlobeNewswire, Inc., source