Stockhouse metal & mining investors are acutely aware of the fact that the market for gold stocks has been gaining momentum in recent months…and then some. And 2021 looks like it just might be a bonanza year for shrewd investors who are dialed into the right company at the right time. And, focussing in on juniors that are exploring in the right place.
Puma Exploration Inc. (
TSX-V.PUMA,
OTCMKTS: PUXPF,
Forum) is a Canadian-based mineral exploration company with precious and base metals projects in early-to-advanced stages, operating in the business segment of acquisition, exploration and development of high-quality, prospective mining properties.
Headquartered in the city of Rimouski, Quebec, this junior explorer has been active in the field of mineral exploration since 2003 and is recognized by its aggressiveness in property acquisition as demonstrated by its projects at different stages of development in gold, silver, and base metals…primarily copper.
All of the company's activities are conducted in Canada – New Brunswick – with a focus on the famous Bathurst Mining Camp. For metals & mining investors who may be unfamiliar with this particular region of Canada’s Maritimes, this is a mining-friendly jurisdiction located in north-central New Brunswick – a mineral rich area endowed with rich deposits of gold, silver, copper, zinc, and lead. Puma’s territory!
Puma controls more than 31,000 hectares of mining land with great potential for precious and base metals: Williams Brook (25,840 h), Jonpol (3,572 h) and Portage Lake (2,572 h). The Company’s flagship project is the recently acquired Williams Brook Gold Project, that was the focus of the 2020 exploration program, results of which are highlighted below.
Puma has also restructured its wholly owned subsidiary Murray Brook Minerals (MBM) in order to launch it, later in 2021, as a stand-alone junior mining exploration company. MBM now possesses high-quality advanced copper projects, namely Chester, Murray Brook West, Turgeon, Legacy, and Brunswick Cards, all together covering approximately 14,000 hectares strategically located in the Bathurst Mining Camp.
Figure 1: Where everything started! Williams Brook Gold Property, August 2020. Photo courtesy Puma Exploration.
In the News
On
March 31st, Puma reported final assay results from its 2020 exploration campaign at their Williams Brook Gold Property. And, the samples were nothing short of astounding with the release of the
highest gold grade samplesand additional continuous gold zone discovered to date highlighted by selected grab samples of
241.0 g/t Au, 79.8 g/t Au 74.2 g/t Au at Lynx Gold Zone.
Results Highlights:
- New gold discoveries from recent trenching at Lynx Gold Zone with selected grab samples grading 241.0 g/t Au, 79.8 g/t Au, 74.2 g/t Au, 71.8 g/t Au, 63.5 g/t Au collected from bedrock.
- The Lynx Gold Zone is 75 meters long by 25 meters wide, open in all directions, and contains over 50 samples grading > 1 g/t Au.
- The Lynx Gold Zone is located 200 meters northeast of the Pepitos and O’Neil Gold zones along strike of the O’Neil Gold Trend (OGT).
- Samples from the Pepitos and O’Neil Gold Zones assayed up to 128 g/t Au.
- Recent trenching operations led to the discovery of two additional Gold Zones; the Chubby (3.5 g/t Au, 1.2 g/t Au and 1.2 g/t Au) and Moose (2.4 g/t Au, 2.1 g/t Au and 1.3 g/t Au) Gold Zones located respectively 100 meters and 400 meters Northeast of Lynx.
Figure 2: Williams Brook Property and location of the 2020 Exploration program. Click image to enlarge.
Marcel Robillard, President and CEO of Puma, commented on the significance of these initial assay results:
“It is amazing to see that every trench excavated along the O’Neil Gold Trend (OGT) has discovered significant new gold mineralization. The discovery of these high-grade gold zones followed over 650 meters by trenching, demonstrates the high potential for a large epithermal gold deposit at Williams Brook.”
He went on to say:
“The recent trenching program in 2020 (4,500 meters) highlighted many prospective areas remaining untested along the main fertile contact between the altered rhyolite and the sediment units. We are thrilled to continue the stripping operations at Williams Brook and initiate the first ever fully-funded drilling program along the O’Neil Gold Trend.”
The O’Neil Gold Trend (OGT) hosts targets from south to north. The O’Neil, Pepitos, Lynx, Chubby, and Moose Gold Zones were all discovered in 2020 by trenching and surface sampling (Figure 4). The favorable rhyolite is open in both directions and the recently completed airborne geophysical survey indicates its huge potential size (Figure 3).
Figure 3: High-grade gold zones straddling well defined airborne MAG anomaly at Williams Brook Gold Project
Bedrock samples grading up to 241 g/t Au at Lynx have been observed in brecciated quartz veins at the contact between the sediments and the altered rhyolite. The Lynx Gold Zone is located 200 meters northeast of the O’Neil Gold and Pepitos Gold Zones, where high-grade gold samples grading up to 128 g/t were collected during the 2020 exploration and trenching program.
Figure 4: The Lynx Gold Zone Trenches Results. Click image to enlarge.
About the Williams Brook Gold Project
As briefly mentioned in the introduction, the centerpiece of Puma’s extensive land holdings is its Williams Brook property covering more than 25,000 hectares of a
“favorable gold exploration land package.” The project is located about 60 kilometers west of Bathurst, NB with the paved road cross-cutting the property.
Puma is currently focusing its field work on its first priority – the Williams Brook Gold Project. To date, 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.
Investment Opportunity
As demonstrated by Puma’s stock chart below, the company has demonstrated a steady growth trend over the past year – more than quadrupling its shareholder value over that period of time.
(12 month TSX-V.PUMA stock chart May 2020 – May 2021. Click image to link to chart)
From the CEO
The President and Chief Executive Officer of Puma Exploration is Marcel Robillard. Over the last 15 years, Mr. Robillard has raised over $20 million for the company and owns about 2 million PUMA shares. A field geologist by training, he graduated from the University of Quebec in Montreal in 1993. He also holds a Bachelor and a Master of Earth Sciences, earning both from Université du Québec in Montréal. Mr. Robillard has been on the board of directors of Puma Exploration since 2007 and the CEO of the company beginning in 2010.
In conversation with Stockhouse Editorial, the CEO discussed the past, present, and future plans for Puma Exploration.
SH: Thank you for joining us at Stockhouse, Marcel. Can you walk us through your Williams Brook Gold Project? It’s very ambitious with a district scale area with over 25,000 hectares of prospective gold targets.
MR: It is ambitious indeed. Our large Williams Brook Gold Project covers 3 long gold trends, namely Williams Brook 1, Williams Brook 2, and the recently discovered O’Neil Gold Trend where exploration work will be concentrated in 2021. Puma also holds the 3,500 hectares plus Jonpol property, showing strong similarities with Williams Brook with numerous documented gold occurrences, all located along newly recognized airborne geophysical anomalies. Puma’s other property, Portage Lake, is more of a nickel-copper-cobalt environment as indicated by those mineral rich samples taken in close vicinity of the margin of a mafic intrusive plug.
Figure 5: The O’Neil Gold Trend (OGT) Main Gold Zones. Click image to enlarge.
SH: Can you give us a boots-on the ground investor update regarding the exciting, new high-grade gold discoveries with surface sample grading at your Williams Brook Property and the progress happening here?
MR: Simply said, there is gold everywhere in the 600 meters by 200 meters partially uncovered and trenched on Williams Brook! A lot of visible gold and assays up to 241 g/t Au. A real explorer’s dream. Summer 2021 will be very exciting with more stripping, trenching, drilling and much more visible gold and great assays!
SH: Stockhouse metals & mining investors know that there’s been a dearth of capital available for junior exploration companies for the past few years. What makes your projects attractive both retail and institutional investors?
MR: Our projects are attractive because we have been able to generate exciting results. All types of investors, retail or institutional, are all looking for the same thing, a successful story they can be part of. Puma is exactly that. We have a major gold discovery in the making and soon, by monetizing our wholly owned subsidiary Murray Brook Minerals, we will be the major shareholder of a public company with first class copper assets in a well recognized base metal mining Camp.
SH: What sets Puma Exploration apart from other junior mining companies in this space and what makes your business model unique?
MR: It’s simple. Being a shareholder of Puma, is being exposed to major gold and copper discoveries in a mining friendly jurisdiction. And the major gold discovery is already shaping up with what we have found on Williams Brook.
SH: And finally, Marcel, what can you tell our investor audience regarding revenue traction the current valuation of your stock and why it’s a good value buy right now?
MR: Puma has less than 20M market cap and we have a major gold discovery in the making, an incredible portfolio of properties rich in gold and copper, the two hottest commodities in the market at the present time.
Do not wait for the long and gold rich drill intersection to be press released to become part of the story. Buy now!
The Bottom Line
Needless to say, it’s extremely rare for small-cap junior explorers to boast the size, scope, and variety of high-quality properties such as this. In a hot mining market with rising commodity prices, savvy investors can pick and choose. Puma Exploration boasts an experienced management team with significant invested shareholdings and 15-plus years of experience exploring in the Bathurst NB mining camp and its cornerstone Williams Brook Gold Project. The company continues to keenly follow its core values of sustainable development, social responsibility, and social acceptability.
Like its namesake, Puma is aggressive, focussed, and territorial…looking to make its exploration footprint in the Province of New Brunswick…indelible.
Click image to enlarge.
Puma Exploration Inc. Visit their website at
explorationpuma.com.
FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.