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Puma Exploration Doubles its Strategic Land Holdings at Williams Brook Gold in New Brunswick, Canada

Puma Exploration Inc. (TSX.V: PUMA) reported on a number of recent property transactions and direct claims additions (staking) at its Williams Brook property. Collectively, these acquisitions add 507 claims to the total land package increasing the size of the property from 12,700 ha to 23,770 ha.

The Williams Brook Gold property, which was the focus of the 2020 Exploration Program, is part of the district-scale Tripe Fault Gold Project, recently acquired in 2020 in New Brunswick, Canada.

Following the recent exploration success as shown by the gold assays from the O’Neil Gold Zone (2020-09-01 news release), the Lynx Gold Zone (2020-10-22 news release) and the Pepitos Gold Zone (2021-02-18 news release), Puma has confirmed the enormous potential of the area recognized as a new emerging Gold-District and has decided to secure the most prospective areas surrounding the core of the the Williams Brook property. “These new land additions further consolidate our considerable ground position, increasing our overall footprint to more than 235 square kilometers which cover the highly prospective and underexplored Williams Brook property,” stated Marcel Robillard, President and CEO of Puma Exploration.

Over the past 15 months, the Company has completed many separate transactions to consolidate a patchwork of mining claims held by many different landowners. Most of those mining claims have seen little to no modern exploration work and have never been seen as a whole major unique land package.

Staking of Additional Mineral Claims

The staking initiative includes mineral rights in the areas located adjacent to the Company’s existing Williams Brook property. The first claims block (139 claim units for 3,305 ha) is located west of the initial Williams Brook boundary and covers interpreted mafic volcanics and the Rocky Brook-Millstream Fault. The second claims block (245 claim units for 5,322 ha) is located south of the initial Williams Brook boundary and covers the favourable volcanic units followed and explored during the 2020 exploration program.

Option and Purchase Agreements

To complete its impressive landholdings at the Williams Brook property, Puma executed 2 additional distinct property agreements with a local prospector (Rocky Fault property) and a private company (Carleton property). The new properties totalling 123 claims units are located north (44 units for 963 ha) and south (79 units for 1,750 ha) of the Williams Brook property.

To read the terms of the Rocky Fault Property agreement and the complete press release Click Here.

Triple Fault Gold Project

The Triple Fault Gold Project includes three (3) properties named Williams Brook Gold, Jonpol Gold, and Portage Lake, now covering more than 31,000 hectares of favorable gold exploration land package. The project is located about 60 km west of Bathurst with the paved road cross-cutting the property.

Puma is currently focusing its field work on its first priority, the Williams Brook Gold property. The Williams Brook Gold property includes selected drill results of 11.2 g/t over 2.8m, 2.1 g/t Au over 9.0m, and 1.0 g/t over 23m, gold occurrences grading up to 109.0 g/t Au, 50.8 g/t Au, 38,9 g/t Au in bedrock, numerous gold soil anomalies and extremely anomalous till samples with up to 508 gold grains that occur over an area approximately 12 by 3 kilometers.

There has been very limited drilling and exploration in the area mapped to be part of the Dunnage Zone hosting major gold deposits and gold occurrences in siluro-devonian rocks and considered as an emerging gold exploration and development district.

About Puma Exploration

Puma Exploration is a Canadian-based mineral exploration company with precious and base metals projects in early to advanced stages located in the Famous Bathurst Mining Camp (BMC) in New Brunswick, Canada. Great efforts will be made by the Company in the coming years to deploy its DEAR strategy (Development, Exploration, Acquisition and Royalties) in order to generate maximum value for shareholders with low shares dilution.

For more information on Puma Exploration, contact Marcel Robillard, CEO, President and Chairman of the Board, 175, rue Legaré, Rimouski, Quebec G5L 3B9. Phone: 418) 724-0901 or Email: president@explorationpuma.com. Visit the website at https://explorationpuma.com.

To view a Corporate Presentation for Puma Exploration – “On Track for the Next Gold Discovery” – Triple Fault Gold Project Click Here

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