Puma Exploration Hits Multiple High-Grade Gold Intercepts at Williams Brook

Puma Exploration Hits Multiple High-Grade Gold Intercepts at Williams Brook

 

Puma Exploration Inc. (TSX-V: PUMA, OTCQB: PUMXF) (the "Company" or "Puma") is pleased to announce the results from its 2022 drilling program at its 100%-owned Williams Brook Gold Project in Northern New Brunswick. Every hole intersected gold-bearing quartz veins with some returning additional high-grade intersections such as 14.90 gt Au over 3.60 m in hole WB22-96 and 10.96 gt Au over 3.75 m in hole WB22-91 . High-grade intersections are typically included within a wider gold intersection such as 2.17 gt Au over 25.10 m in WB22-96 and 2.00 gt over 21.95 m in WB22-94 (see Figure 1).

 

  FIGURE 1: High-grade gold drilling intersections and surface grab samples at the Lynx Gold Zone (    latest assay results in yellow    )  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/9514a172-2504-4f30-bc24-d1477170ab74  

 

The entire dataset collected from the 10,000 metres program is currently being interpreted and modelized to define the best drilling targets for the upcoming drill program at the Lynx Gold Zone. So far, three (3) areas show high-grade gold mineralization. They are already confirmed as first priority drilling targets to verify the depth extension and the continuity of the mineralization found near the surface (see black circles in Figure 1).

 

The Lynx Gold zone is open at depth and in all directions. It has only been drilled to a maximum depth of 75 metres vertical. All drilling assays and the gold-bearing structural analysis of the veins and faults will be compiled before resuming drilling to follow up on the highest gold areas confirmed in the 2022 Winter program. An external consultant is currently reviewing all the data, and the Company is awaiting the final report. More information will be provided on drill targets once received.

 

Multiple quartz veins/veinlets and stockworks were intersected in the drilling, and most were associated with intensive and pervasive limonite alteration. The 3D modelling of the high-potential supergene gold enrichment (limonite alteration) is illustrated in Figure 2. The drilling has confirmed, so far, the supergene gold enrichment over a strike length of 750 metres, 75 metres wide and to a depth of 100 metres and is open in all directions.

 

  FIGURE 2: Lynx Gold Zone supergene gold enrichment 3D model  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/3f97599e-e4fc-41e8-8b75-00f538430589  

 

Figure 2 also shows the preliminary high-grade gold zones, which show continuity from the surface and are open at depth. These high-grade lineaments are already confirmed as the first priority drilling target for the upcoming drilling program. Table 1 represents selected high-grade gold intersections in the Lynx Gold Zone.

 

  TABLE 1. Highlights of high-grade gold assays in the Lynx Gold Zone  

 
                                                                                                                                                                        
  Hole ID    From (m)    To (m)    Length* (m)    Au (g/t)    Metal Factor  
  WB21-01    4.00    6.10    2.10    12.71    27  
  WB21-02    7.20    10.20    3.00    8.33    25  
  WB21-02    13.70    15.80    2.10    28.52    60  
  WB21-02    45.60    49,45    3,85    46.94    181  
  WB21-03    55.90    58.10    2.20    7.81    17  
  WB21-05    26.00    28.00    2.00    12.64    25  
  WB21-06    46.80    49.70    2.90    16.92    49  
  WB21-09    16.30    18.00    1.70    15.52    26  
  WB21-12    28.60    32.40    3.80    6.93    26  
  WB21-16    80.00    88.35    8.35    5.11    43  
  WB21-17    107.00    111.65    4.65    4.85    23  
  WB22-25    2.00    5.00    3.00    34.93    105  
  WB22-26    25.50    27.10    1.60    14.06    22  
  WB22-35    14.90    17.50    2.60    5.83    15  
  WB22-36    3.80    7.00    3.20    22.28    71  
  WB22-36    16.40    18.00    1.60    6.70    11  
  WB22-39    26.50    29.00    2.50    11.71    29  
  WB22-58    11.70    12.90    1.20    16.85    20  
  WB22-60    40.00    40.60    0.60    21.00    13  
  WB22-66    32.00    34.00    2.00    10.70    21  
  WB22-66    66.50    68.35    1.85    51.73    96  
  WB22-88    58.00    58.20    0.20    47.20    9  
  WB22-91    7.00    10.75    3.75    10.96    14  
  WB22-94    52.80    53.55    0.75    19.10    14  
  WB22-94    59.20    59.80    0.60    14.19    12  
  WB22-96    56.90    60.50    3.60    14.90    54  
  WB22-101    21.45    22.00    0.55    9.09    5  
 

  *Stated lengths in metres are downhole core lengths and not true widths. True widths will be calculated once more drilling confirms the geometry of the quartz-sulphide system. The metal factor is calculated from the gold grade multiplied by the length in meters.  

 

  2021-2022 DRILLING PROGRAM AT LYNX GOLD ZONE  

 

A total of 113 shallow holes were drilled along the Lynx Gold Zone, which is part of the 7 km long O'Neil Gold Trend ("OGT") in 2021 and 2022. The NE-SW oriented Lynx Gold Zone was exposed on the surface by stripping over a strike length of 750 metres, and it is still open at both ends. Systematic, close-spaced drilling was undertaken to identify high-grade gold veins and define their spatial attitude. A few stratigraphic holes (1,300 metres) were also completed to intersect the hanging wall sediments, the rhyolite and the footwall volcano-sediments to better define the geological environment that contains the gold mineralization.

 

All holes hit the gold-bearing hydrothermal/orogenic system characterized by a supergene alteration (limonite, silica, sulphides) and finely disseminated free gold. The drilling program also confirmed that the gold grade from surface sampling is often coincident with drilling grades.

 

Marcel Robillard, President and CEO of Puma, commented, "Our 2022 10,000 m drilling program at the Lynx Gold Zone   was a great success and fulfilled all of our objectives. It confirmed the presence of a large and fertile hydrothermal/orogenic system at shallow depth and its continuity along strike. The program also allowed us to refine our geological model. Some of the drilling was specifically undertaken to better understand the stratigraphy and gain some insights on the characteristics of gold mineralization at the O'Neil Gold Trend. Over the coming weeks, the interpretation of these drilling results, combined with the ongoing surface exploration work on the property, will orient our   next exploration program."  

 

" The high-grade gold intersections in holes WB22-94 and WB22-96 are of particular interest as they confirm the extension of an enriched sector of the Lynx Gold Zone. This central sector has now been recognized over an area covering 10,000 square metres. Drilling confirmed that this fertile area contains multiple high-grade gold veins open at depth along a "Gold Enrichment" controlled by the intersection of a NW striking fault cutting the favourable sediment-rhyolite contact. Two (2) more gold enrichment sectors with a similar attitude have also been identified at the Lynx Gold Zone, " added Marcel Robillard.

 

  TABLE 2. Coordinates of reported drill holes in this release  

 
                                                                                                                                                                                                                                                                                                
  Hole ID    Easting
UTM Nad83
 
  Northing
UTM Nad83
 
  Azimuth (N)    Angle (-)    Length* (m)  
  WB22-67    660 234    5 259 194    155    65    70  
  WB22-68    660 294    5 259 423    155    80    126  
  WB22-69    660 211    5 259 130    170    45    94  
  WB22-70    660 314    5 259 387    155    45    114  
  WB22-71    660 211    5 259 131    170    65    107  
  WB22-72    660 326    5 259 359    155    45    89  
  WB22-73    660 336    5 259 402    155    45    134  
  WB22-74    660 210    5 259 129    200    45    117  
  WB22-75    660 335    5 259 402    155    65    26  
  WB22-76    660 272    5 259 399    155    65    116  
  WB22-77    660 257    5 259 435    155    65    108  
  WB22-78    660 217    5 259 138    80    45    107  
  WB22-79    660 253    5 259 390    155    65    111  
  WB22-80    660 237    5 259 383    155    65    150  
  WB22-81    660 217    5 259 137    110    45    106  
  WB22-82    660 253    5 259 200    155    65    63  
  WB22-83    660 308    5 259 428    155    45    119  
  WB22-84    660 250    5 259 268    155    45    91  
  WB22-85    660 288    5 259 477    155    45    149  
  WB22-86    660 284    5 259 326    155    45    81  
  WB22-87    660 268    5 259 221    155    45    112  
  WB22-88    660 283    5 259 327    155    65    112  
  WB22-89    660 268    5 259 222    155    65    123  
  WB22-90    660 280    5 259 193    155    45    104  
  WB22-91    660 281    5 259 381    155    45    110  
  WB22-92    660 219    5 259 180    155    45    99  
  WB22-93    660 296    5 259 344    155    45    104  
  WB22-94    660 226    5 259 353    155    65    147  
  WB22-95    660 296    5 259 344    155    65    65  
  WB22-96    660 226    5 259 354    155    80    116  
  WB22-97    660 311    5 259 307    155    45    82  
  WB22-98    660 226    5 259 352    155    45    103  
  WB22-99    660 378    5 259 579    155    45    97  
  WB22-100    660 310    5 259 308    155    65    74  
  WB22-101    660 378    5 259 580    155    65    56  
  WB22-102    660 339    5 259 332    155    45    73  
  WB22-103    660 397    5 259 537    155    45    91  
  WB22-104    660 339    5 259 332    155    65    74  
  WB22-105    660 397    5 259 538    155    65    86  
  WB22-106    660 287    5 259 292    155    45    69  
  WB22-107    660 413    5 259 589    155    45    109  
  WB22-108    660 376    5 259 379    200    45    82  
  WB22-109    660 412    5 259 589    155    65    83  
  WB22-110    660 351    5 259 486    155    65    54  
  WB22-111    660 379    5 259 493    155    45    67  
  WB22-112    660 362    5 259 428    235    45    77  
  WB22-113    660 449    5 259 635    155    45    103  
 

  *Stated lengths in metres are downhole core lengths and not true widths. True widths will be calculated once more drilling confirms the geometry of the quartz-sulphide system.  

 

  TABLE 3. Additional significant assay results in this release  

 
                                                                                                                                                                                                                                                                                                                                               
  Hole ID    From (m)    To (m)    Length* (m)    Au (g/t)  
  WB22-70   4.35 4.70 0.35 0.59
  WB22-71   11.80 12.70 0.90 2.57
  WB22-72   30.25 30.90 0.65 1.93
  WB22-75   4.00 5.80 1.80 0.92
incl. 4.40 4.85 0.45 2.43
  WB22-77   47.75 64.00 16.25 0.15
incl. 58.20 64.00 5.80 0.34
incl. 58.20 58.60 0.40 2.69
  WB22-79   29.60 32.75 3.15 1.11
incl. 29.60 30.15 0.55 1.77
incl. 32.45 32.75 0.30 5.19
  WB22-82   36.40 37.30 0.90 0.32
  WB22-83   9.95 10.40 0.45 0.14
and 93.30 93.80 0.50 0.72
and 107.80 111.90 4.10 0.60
incl. 108.80 111.10 2.30 0.91
incl. 110.60 111.10 0.50 1.70
  WB22-84   84.80 85.40 0.60 2.18
  WB22-85   131.50 132.50 1.00 0.47
  WB22-86   17.50 19.00 1.50 2.30
and 31.95 32.20 0.25 0.43
and 47.70 48.70 1.00 0.27
and 59.00 60.00 1.00 0.42
  WB22-87   14.50 15.70 1.20 0.72
incl. 14.50 14.80 0.30 2.72
  WB22-88   13.60 14.20 0.60 1.26
and 50.70 59.90 9.20 1.20
incl. 57.20 59.90 2.70 4.00
incl. 58.00 58.20 0.20 47.20
  WB22-90   5.60 11.70 6.10 1.28
and 5.60 6.75 1.15 4.22
and 10.80 11.70 0.90 3.25
  WB22-91   6.55 12.00 5.45 7.60
incl. 7.00 10.75 3.75 10.96
incl. 7.00 8.65 1.65 23.24
   and 36.55 37.25 0.70 0.16
  WB22-92   15.00 15.50 0.50 0.20
incl. 61.45 62.50 1.05 2.87
incl. 62.05 62.50 0.45 6.15
  WB22-93   33.95 50.00 16.05 0.47
incl. 33.95 36.75 2.80 1.25
and 45.70 46.70 1.00 3.06
  WB22-94   52.80 81.70 28.90 1.52
incl. 52.80 74.75 21.95 2.00
incl. 52.80 70.30 17.50 2.47
incl. 52.80 53.55 0.75 19.10
and 59.20 59.80 0.60 14.19
and 63.20 64.90 1.70 7.30
and 69.25 70.30 1.05 7.07
and 72.90 73.40 0.50 1.02
  WB22-95   27.40 29.00 1.60 1.08
  WB22-96   56.90 82.00 25.10 2.17
incl. 56.90 66.00 9.10 5.94
incl. 56.90 60.50 3.60 14.90
  WB22-97   16.70 17.70 1.00 2.39
  WB22-98   46.90 47.10 0.20 1.53
  WB22-99   19.00 19.20 0.20 0.46
  WB22-101   21.45 22.00 0.55 9.09
  WB22-103   11.45 12.20 0.75 1.77
  WB22-106   5.00 6.00 1.00 2.82
  WB22-107   21.15 21.90 0.75 0.40
and 42.55 42.85 0.30 0.85
  WB22-109   70.50 71.55 1.05 3.71
  WB22-110   6.40 17.20 10.80 0.53
and 14.60 17.20 2.60 1.13
  WB22-113   3.70 4.00 0.30 2.41
 

  *Stated lengths in metres are downhole core lengths and not true widths. True widths will be calculated once more drilling confirms the geometry of the quartz-sulphide system.  

 

  ABOUT THE WILLIAMS BROOK GOLD PROJECT AND THE LYNX GOLD ZONE  

 

The Williams Brook Gold Project is comprised of 4 claim blocks covering more than 40,000 ha in an established and mining-friendly jurisdiction, near paved roads and with excellent infrastructure in place (Figure 3).

 

  FIGURE 3: The Williams Brook Gold Project main zones  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/668f2d72-5021-415f-893a-6498944e43e2  

 

The Lynx Gold Zone is interpreted to be a mineralized felsic dome within a large epithermal/orogenic gold system part of the Appalachian Orogeny. The high-grade gold mineralization is characterized by finely disseminated gold in quartz (veins, veinlets, stockworks, breccias) affected by pervasive supergene alteration. The stratigraphy of the dome is well defined and typical: fine laminated turbidite-type sedimentary unit, rhyolite breccia with sedimentary fragments, massive rhyolite unit and sedimentary and volcano-clastic units. The contact between the sediment and the rhyolite allowed for the movement of gold-bearing fluids and is characterized by highly silicified iron oxide carbonates and intense sericite alteration. The Lynx Gold Zone was discovered in 2020 by high-grade surface samples and later recognized at depth in 2021 by hole WB21-02 that intersected 5.55 g/t Au over 50.15 m from surface, including two high-grade gold veins with 9.88 g/t Au over 8.60 m and 46.94 g/t Au over 3.85 m .

 

  QUALIFIED PERSON  
Dominique Gagné, PGeo, a qualified person as defined by Canadian National Instrument 43-101 standards, has reviewed and approved the geological information reported in this news release.

 

  ON-SITE QUALITY ASSURANCE/QUALITY CONTROL ("QA/QC") MEASURES
Drill core samples are bagged, sealed and sent to the facility of ALS CHEMEX in Moncton, New Brunswick, where each sample is crushed and pulped before being fire assayed (Au-ICP21). The remaining coarse reject portions of the samples remain in storage for further work or verification as needed. As part of its QA/QC program, the Company inserts external gold standards (low to high grade) and blanks every 20 samples in addition to standards, blanks, and duplicates.

 

All samples over 10 g/t gold or with abundant visible gold are analyzed with a gravity finish (Au-GRA22). Check assays are routinely performed for samples with visible gold to ascertain the gold content of the mineralization zone.

 

  ABOUT Puma Exploration  

 

 Puma Exploration is a Canadian-based mineral exploration company with precious metals projects located near the Famous Bathurst Mining Camp (BMC) in New Brunswick, Canada. The Company is committed to its DEAR strategy (Development, Exploration, Acquisition and Royalties) to generate maximum value for shareholders with low share dilution.

 

Connect with us on Facebook / Twitter / LinkedIn  
Visit www.explorationpuma.com for more information or contact:

 

  Marcel Robillard ,
President, (418) 750-8510;
president@explorationpuma.com

 

  Mia Boiridy ,
Head of Investor Relations and Corporate Development, (250) 575-3305; mboiridy@explorationpuma.com

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

 

  Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which 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. These risks and uncertainties are described in the quarterly and annual reports and in the documents submitted to the securities administration.  

 

 

 

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Puma Increases the High-Grade Gold Footprint of the Lynx Gold Zone and Extends it at Depth

Puma Increases the High-Grade Gold Footprint of the Lynx Gold Zone and Extends it at Depth

 
  • Hole WB23-139 intersected 63.05 m at 2.49 g/t gold, including two (2) high-grade gold intervals of 37.40 g/t gold over 2.50 m and 21.66 g/t gold over 2.55 m .
  •  
  •   2.06 g/t gold over 5.20 m was intercepted at 215 m downhole (WB23-139)- the deepest occurrence of gold to date.
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  • Lower-grade gold envelopes of 0.49 g/t to 0.67 g/t gold over 22.80 to 30.95 m surround the higher-grade gold shoots.
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  • The Moose area shows consistent gold mineralization at surface with hole WB23-136 grading 30.90 m of 1.10 g/t gold .
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  • Drill core samples with visible gold ("VG") returned 137.0 g/t gold over 0.60 m (WB23-139), 96.0 g/t gold over 0.45 m (WB23-139), 63.6 g/t gold over 0.30 m (WB23-136), 16.85 g/t gold over 0.79 m (WB23-137).
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Puma Exploration Inc. (TSX-V: PUMA, OTCQB: PUMXF) (the "Company" or "Puma") is pleased to announce the results of another seven (7) holes of its 2023 drilling program at its 100%-owned Williams Brook Gold Project with high grades intercepts and long gold mineralized sections.

 

Hole WB23-139 intersected two (2) high-grade gold intervals of 37.40 g/t gold over 2.50 m and 21.66 g/t gold over 2.55 m (Figure 1) within a 63.05 m intercept grading 2.49 g/t gold from 89.95 to 153.00 m. The same hole intersected another gold intersection of 2.06 g/t gold   over 5.20 m at 215 m downhole depth. With these new gold intersections, the Lynx Gold Zone ("LGZ") has been extended to approximately 150 m vertical depth (Figure 2), further highlighting the potential for significant depth extension.

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Puma Exploration Samples 362 g/t Gold at Newly Optioned TIMM Gold Property

Puma Exploration Samples 362 g/t Gold at Newly Optioned TIMM Gold Property

 
  •   Strategic gold property located along national road, only 10km from St-Quentin and 25km west of Williams Brook Flagship property.
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  •   High-grade gold structure, with initial surface sampling up to 362 g/t gold*.  
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  • Mineralization hosted in similar quartz veins within sedimentary package.
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  •   Similar depositional gold environment as Williams Brook Gold property.
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Puma Exploration Inc. (TSX-V: PUMA, OTCQB: PUMXF) (the "Company" or "Puma") is pleased to announce that it has entered into a property agreement to strategically increase its substantial gold landholdings at the Williams Brook Gold Project (Figure 1). The newly optioned TIMM Gold Property, with grab samples* grading up to 267 gt gold and 362 gt gold (Table 1), marks another step towards Puma's development of a major gold camp in Northern New Brunswick.

 

Figure 1: Puma's assets and landholdings in Northern New Brunswick

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Puma Exploration Drills Series of Stacked High-Grade Gold Quartz Veins at Williams Brook

Puma Exploration Drills Series of Stacked High-Grade Gold Quartz Veins at Williams Brook

 
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  •  
  • Gold mineralization extends over 90 m from surface in a series of stacked high-grade   quartz veins.  
  •  
  • All 11 holes intersected the targeted quartz veins, with assay results returning from anomalous gold (0.10 g/t) to 42.60 g/t.
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  • Gold was intercepted at depth in areas never drilled before.
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  • Results confirm the continuity of gold mineralization at the Lynx Gold Zone.
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  • Assay results for 13 additional holes (2,200 m), including 47 samples containing VG are still pending  
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Puma Exploration Inc. (TSX-V: PUMA, OTCQB: PUMXF) (the "Company" or "Puma") is pleased to announce the results for the first eleven (11) holes of its 2023 drilling program at its 100%-owned Williams Brook Gold Project in Northern New Brunswick. These holes were first reported on August 2, 2023, and are not part of the series that returned more than 100 specks of visible gold ("VG") on initial inspection. Notwithstanding, seven (7) of the 11 holes reported today returned significant gold, with four (4) holes intersecting multiple mineralized high-grade gold quartz veins (Table 1). Hole WB23-125 intersected fifteen (15) separate quartz veins and returned 90 m of 0.70 gt gold from surface (at 2.90 m) with an impressive 50.85 m of 1.05 gt gold starting at 42 m depth, including a 4.50 m interval of 6.46 gt gold at 75 m depth.

 

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Puma Exploration Defines Drilling Targets for Lynx Gold Zone Lateral Extension

Puma Exploration Defines Drilling Targets for Lynx Gold Zone Lateral Extension

 

Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the "Company" or "Puma") is pleased to outline the ongoing progress of its 2023 exploration program at its 100%-owned Williams Brook Gold Project in Northern New Brunswick, Atlantic Canada. The program has successfully shown that gold mineralization extends to 150 m vertical depth at the Lynx Gold Zone ("LGZ") following Phase 1 drilling ( see August 23, 2023, News Release ). With assay results pending, the Company is now focused on demonstrating the continuity of gold mineralization along the 4 km extension of the Lynx Gold Trend ("LGT") to increase the total gold inventory of the 44,000-ha land package.

 

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Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the "Company" or "Puma") is pleased to announce the appointment of Mr. Jean-David Moore to the Company's Advisory Board. Mr. Moore has been a consultant and advisor to several mineral exploration and development companies for over fifteen years.

 

" Jean-David will be a valuable asset to Puma's Advisory Board, bringing his extensive industry experience and knowledge.   He has developed a strong relationship network with his significant holdings in several mineral exploration companies. As a major shareholder of Puma, he will be a trusted ally and champion as we continue to develop our Williams Brook Gold Project. This appointment reflects Puma's continued commitment to building a team focused on creating value for shareholders ", stated Marcel Robillard, President and CEO of Puma.

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