PUXPF - Puma Exploration Samples 362 g/t Gold at Newly Optioned TIMM Gold Property | Benzinga

• Strategic gold property located along national road, only 10km from St-Quentin and 25km west of Williams Brook Flagship property.
• High-grade gold structure, with initial surface sampling up to 362 g/t gold*.
• Mineralization hosted in similar quartz veins within sedimentary package.
• Similar depositional gold environment as Williams Brook Gold property.

RIMOUSKI, Quebec, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Puma Exploration Inc. (TSXV: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 g/t gold and 362 g/t 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

Marcel Robillard, President and CEO, commented, "Puma has an established relationship with local prospectors who frequently approach us with interesting properties. We saw an opportunity with the TIMM property. It is only 10 km from our St-Quentin facility, hosts the same rocks as Williams Brook, and work done by previous operators highlighted its potential. While waiting for the assay results of our 2023 drilling at Lynx, we completed our due diligence on the property with a preliminary surface exploration program. We are excited about the samples' exceptional gold grades similar to the ones discovered at Lynx in 2021. This acquisition is part of our strategy to build a gold camp in the region, and we look forward to applying our successful discovery model at TIMM in the near future."

Table 1: Grab sample collected from the TIMM gold property

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