Puma Exploration Inc. V.PUMA

Puma Exploration Outlines Its Accomplishments and 2023

[AveragePenny]

PUMA’S KEY ACCOMPLISHMENTS

• Proved, through drilling, the continuity of high-grade gold mineralization at the Lynx Gold Zone over a length of 750 m along strike, a width of 75 m and a depth of 100 m (remains open for expansion).
• Identified a series of high-grade gold shoots that plunge 25° to the northeast.
• Conducted a preliminary metallurgical test on samples drilled in 2021 that returned 92% gold recovery by gravity alone and up to 99.7% by floatation with minimal cyanidation.
• Initiated an advanced metallurgical test on twelve (12) quartz veins located at surface totalling 3,000 kg of material.
• Excavated 112 trenches spanning 17.1 km and collected 2,629 grab samples.
• Completed 2 distinct soil surveys (over 8 km2) and collected 2,686 soil samples.
• Discovered three (3) other gold zones kilometres away from Lynx confirming the potential for a gold camp at Williams Brook (Figure 1).
• Secured 100% ownership of more than 49,000 ha of prospective land in northern New Brunswick.
• Successfully fundraised and developed a loyal shareholder base with key institutional investors.
• Established partnerships with industry specialists to optimize exploration and development.
• Developed a low-cost exploration model – with only C$7M invested on site to date.

https://www.globenewswire.com/news-release/2023/02/09/2604906/0/en/Puma-Exploration-Outlines-Its-Accomplishments-and-2023-Exploration-Plans-at-the-Williams-Brook-Gold-Project.html