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The Market Online
a day ago
- Business
- The Market Online
Puma Exploration unveils high-grade gold samples in New Brunswick
Puma Exploration Inc. (TSXV:PUMA) reported high-grade gold samples up to 55.70 g/t Au from the Lion Gold Zone at the Williams Brook Project, confirming strong mineralization potential Extensive exploration in 2025 includes trenching, mapping, and drone magnetic surveys, with the zone remaining open in all directions Broader program updates include 3,500 metres of drilling at the Lynx Gold Zone and new discoveries at the Cheetah Gold Zone with samples up to 4.60 g/t Au Puma Exploration stock (TSXV: PUMA) last traded at $0.08 Puma Exploration (TSXV:PUMA) announced a new round of high-grade gold grab samples from the Lion Gold Zone (LiGZ), part of its ongoing 2025 exploration program at the Williams Brook Project in Northern New Brunswick. The standout results include assays of 55.70 g/t Au, 54.50 g/t Au, 15.30 g/t Au, and 12.70 g/t Au, reinforcing the zone's potential for significant gold mineralization. This content has been prepared as part of a partnership with Puma ExplorationInc. and is intended for informational purposes only. The LiGZ, discovered in 2024 through prospecting and trenching, now spans 400 metres along strike and 10 to 25 metres in width. The 2025 program has revealed multiple altered and brecciated quartz veins—some up to 2 metres wide—along with numerous veinlets. Of the 390 samples collected over 2024 and 2025, 35% returned grades above 0.1 g/t Au, with several exceeding 5 g/t Au 'These exploration results at Lion are reminiscent of the 2020 preliminary sampling at Lynx, where subsequently impressive gold mineralization was intercepted by drilling at depth. Our sampling to date has confirmed a 400 metre strike extension,' Marcel Robillard, Puma's president and CEO, explained in a news release. 'These early exploration results at Lion continue to highlight the scale and continuity of mineralization at Williams Brook. There is significant potential for more discoveries on the property, and we continue to work diligently to unlock its full potential.' The stripped area at LiGZ will undergo cleaning for detailed mapping and channel sampling, setting the stage for future drilling. A drone magnetic survey has already been flown over the zone and extended 8 kilometres along strike, aiming to trace the zone's eastern extension. Geologically, the LiGZ is closely tied to the McCormack Brook Fault and a mafic intrusive unit, sharing characteristics with the Lynx Gold Zone located 10 km to the south. Gold mineralization is found in brecciated quartz veins altered by sericite and limonite, adjacent to a mafic dike that separates altered sediments from the fault. Williams Brook 2025 exploration highlights Puma's broader 2025 exploration program at Williams Brook includes: 3,500 metres of drilling at the Lynx Gold Zone at the Lynx Gold Zone Completion of 2,135 km of drone magnetic surveys Five trenches totaling 299 metres at the Cheetah Gold Zone (CHGZ), with grab samples up to 4.60 g/t Au at the Cheetah Gold Zone (CHGZ), with grab samples up to 4.60 g/t Au Eleven trenches totaling 796 metres at Target 2 at Target 2 Over 400 channel samples collected at the Lynx Gold Zone The CHGZ, discovered in 2023, lies 3 km along strike from the Tiger Gold Zone, where initial trenching returned 6.69 g/t Au. Puma continues to emphasize that grab samples are selective and may not represent the true metal content of the mineralized zones. With the McCormack Brook Fault mapped for at least 30 km and multiple zones remaining open for expansion, Puma Exploration is optimistic about unlocking further value across its 40,225-hectare land package. The company's strategic partnership with Kinross Gold Corp, which includes a C$2 million firm commitment and up to C$16.75 million in exploration funding over five years, can further strengthen its position. Puma Exploration has a long history in Northern New Brunswick, having worked on regional projects for more than 15 years. Puma Exploration stock (TSXV: PUMA) last traded at $0.08 and has risen 6.67 per cent since the beginning of the year. Join the discussion: Find out what the Bullboards are saying about Puma Exploration, and check out the rest of Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
Yahoo
a day ago
- Business
- Yahoo
Puma Exploration Reports High-Grade Results from Sampling at the Lion Gold Zone
Rimouski, Québec--(Newsfile Corp. - August 7, 2025) - Puma Exploration Inc. (TSXV: PUMA) (OTCQB: PUMXF) (the "Company" or "Puma") is pleased to announce additional high-grade grab samples at the Lion Gold Zone ("LiGZ") including 55.70 g/t Au, 54.50 g/t Au, 15.30 g/t Au and 12.70 g/t Au* from the ongoing 2025 exploration program at the Williams Brook Project in Northern New Brunswick. (*The reader is cautioned that grab samples are selective by nature and may not represent the true metal content of the mineralized zone.) These latest results highlight the potential of the LiGZ that was discovered through prospecting and trenching in 2024. An area that spans 400 m along strike and 10 to 25 m in width has now been stripped (Figure 1). The 2025 exploration program uncovered several altered and brecciated gold-mineralized quartz veins, up to 2 metres in width, and numerous veinlets. A total of 390 samples were collected in 2024 (250) and 2025 (140), with 35% returning grades above 0.1 g/t Au. Samples collected in 2025 with results above 5 g/t Au are highlighted on Figures 1 and 2. The zone remains open in all directions. Figure 1. 2025 stripping and previous results at the Lion Gold Zone To view an enhanced version of this graphic, please visit: Marcel Robillard, president and CEO, noted: ''These exploration results at Lion are reminiscent of the 2020 preliminary sampling at Lynx, where subsequently impressive gold mineralization was intercepted by drilling at depth. Our sampling to date has confirmed a 400 m strike extension. These early exploration results at Lion continue to highlight the scale and continuity of mineralization at Williams Brook. There is significant potential for more discoveries on the property, and we continue to work diligently to unlock its full potential." The recently stripped area will be cleaned to allow for detailed mapping and channel sampling in preparation for further detailed surveys and eventual drilling. A drone magnetic survey was also flown over the stripped area and extended to 8 kilometres along strike to map the potential extension of the zone to the east. Figure 2. Sampling at the newly stripped area of the Lion Gold Zone To view an enhanced version of this graphic, please visit: LION GOLD ZONE The Lion Gold Zone (''LIGZ''), discovered in 2024, is closely associated with a major regional structure, the McCormack Brook Fault and a mafic intrusive unit. The LiGZ is part of a mineralized structure located about 10km north of the Lynx Gold Zone and shares the same geological characteristics. Gold mineralization is found in brecciated quartz veins heavily altered by sericite and limonite and closely associated with an altered mafic intrusive/dike that separates the altered sediments from the fault (Image 1). The area remains wide open as the McCormack Brook Fault is mapped for at least 30 kilometres. Image 1. Photos of typical high-grade gold quartz veins To view an enhanced version of this graphic, please visit: WILLIAMS BROOK 2025 EXPLORATION PROGRAM UPDATE 3,500 metres of drilling are underway at the Lynx Gold Zone; 2,135 km of drone magnetic geophysical surveys were completed; Five (5) trenches for 299 m were completed at the Cheetah Gold Zone ("CHGZ"). The CHGZ was discovered in 2023, 3 km along strike of the Tiger Gold Zone, where initial trenching returned 6.69 g/t Au*. Highlights of the 2025 sampling include 4.60 g/t Au* in a newly discovered area. (*The reader is cautioned that grab samples are selective by nature and may not represent the true metal content of the mineralized zone.); Eleven (11) trenches for 796 metres were completed at Target 2; Channel sampling was completed at the Lynx Gold Zone with over 400 samples collected. Figure 3. Location of the main 2025 exploration activities at WB To view an enhanced version of this graphic, please visit: Qualified Person The scientific and technical content of this press release has been prepared, reviewed, and approved by Mr. Dominique Gagné, Vice President of Exploration, who is a "Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). On-site quality assurance/quality control (QA/QC) measures Grab samples are bagged, sealed and sent to 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 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 the Williams Brook Project The Williams Brook Project (40,225 ha), optioned to Kinross Gold Corp (see October 24, 2024 News Release), comprises the Williams Brook Property, the Jonpol Property and the Portage Property. To earn a 65% interest in the project, Kinross can finance a minimum of $16.75 million in exploration expenditures over the next five years (including a firm commitment of $2 million with at least 5,000 metres of drilling in the first 18 months). About Puma's Assets in New Brunswick Puma has accumulated an impressive portfolio of prospective gold landholdings strategically located close to roads and infrastructure in Northern New Brunswick, including the Williams Brook Project and the new McKenzie Gold Project. Both are located near the Rocky Brook Millstream Fault ("RBMF"), a major regional structure formed during the Appalachian Orogeny and a significant control for gold deposition in the region. Puma's work to date has focused on the Williams Brook property, but prospecting and surface exploration work on its other properties have confirmed their potential for significant gold mineralization. About Puma Exploration Puma Exploration is a Canadian mineral exploration company focused on identifying and developing a pipeline of precious metals projects in New Brunswick, near Canada's Renowned Bathurst Mining Camp. Puma has a long history in Northern New Brunswick, having worked on regional projects for over 15 years. Puma's successful exploration methodology, which combines traditional prospecting methods with detailed trenching and cutting-edge technologies such as Artificial Intelligence, has been instrumental in facilitating an understanding of the region's geology and associated mineralized systems. Armed with geophysical surveys, geochemical data, and consultants' expertise, Puma has developed a cost-effective exploration tool to discover gold at shallow depths and maximize drilling results. Connect with us on Facebook, X, or for more information or contact: Marcel Robillard, President and CEO. (418) 750-8510; president@ Mia Boiridy, Head of Investor Relations and Corporate Development. (250) 575-3305; mboiridy@ Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts 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 several known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, or achievements of Puma to differ materially from those 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. The quarterly and annual reports and the documents submitted to the securities administration describe these risks and uncertainties. To view the source version of this press release, please visit
Hamilton Spectator
27-05-2025
- Business
- Hamilton Spectator
Murray Brook Minerals, Puma's Subsidiary, Closes $220,000 Private Placement
RIMOUSKI, Quebec, May 27, 2025 (GLOBE NEWSWIRE) — Puma Exploration Inc. (TSXV: PUMA) ('Puma'), announces that its subsidiary, Murray Brook Minerals Inc. ('MBM' or 'Murray Brooks Minerals') has closed a non-brokered offering consisting of 4,400,000 flow-through common shares (the 'FT Shares') of MBM at a price of C$0.05 per FT Share for aggregate gross proceeds of $220,000 (the 'FT Offering'). Following the FT Offering, Murray Brook Minerals has now 28,044,165 common shares issued and outstanding, with no warrants or options. Puma holds 23,644,165 common shares of MBM, representing approximately 84.3% of its issued and outstanding shares. The proceeds of the FT Offering will be used to advance the Legacy Project, a copper and silver asset, previously held by Puma and contiguous to Puma's McKenzie Gold Project in Northern New Brunswick. As part of Puma's successful DEAR strategy, the Murray Brook Minerals business model is to acquire prospective strategic and critical metals mineral properties with excellent discovery potential that a stand-alone public company can explore and develop. This business model provides Puma's investors with equity interests in another explorer and developer and exposure to other commodities while Puma continues to focus on its gold assets. As a reminder, Puma spun out in 2021 its copper assets to Canadian Copper (CSE: CCI) under an option transaction and subsequently, the Puma shareholders received common shares of CCI upon its listing on the CSE in 2022. Puma currently owns a 9.5% stake in CCI. Over the past three years, CCI has developed and grown its assets and has recently announced the results of a positive preliminary economic assessment (PEA) ( see Canadian Copper's News Release dated May 22, 2025 ). 'We are thrilled to have a brownfield project close to our New Brunswick exploration offices with a copper/silver deposit outcropping at surface. Our effective low-cost exploration technique will help generate new drill-ready targets and potentially expand the existing Legacy Deposit. As Canadian Copper in 2022, Murray Brook Minerals will develop this asset and other potential projects. With this transaction, Puma enhances shareholder valuation while minimizing dilution, ' mentioned Marcel Robillard, President and CEO of Puma Exploration. The Legacy Project The Legacy Project is contiguous to the McKenzie Gold Project in Northern New Brunswick and consists of two (2) claim blocks covering 10,100 ha (Figure 1). The property is easily accessible, located less than 15 km from St-Quentin, where Puma has its field exploration office. Figure 1. Location of the Legacy Project The underexplored Legacy Project has a high potential for discoveries. The property hosts high-grade copper-silver skarns similar to Osisko Metals' Gaspé Copper in Québec. The Legacy and Gaspé Copper projects exhibit many similarities—they are part of the same Appalachian orogenic system, are of the same age, and exhibit the same mineralization and metal associations. Legacy hosts a copper and silver deposit, the Legacy Deposit, with a historical resource estimate reported in 2015 (Independent Technical Report for the Legacy Project, Restigouche County, New Brunswick, Canada, Marek Nowak, Peng, Chris Barrett, CGeol, Tessa Scott, B.A., Effective Date: June 22, 2015 ). A Qualified Person on behalf of Puma has not reviewed or verified the mineral resource estimate, therefore it is considered historical in nature and is reported solely to provide an indication of the magnitude of mineralization that could be present on the property. Figure 2. 3D model of the Legacy Deposit from historic resource estimate* The true thickness of the copper/silver deposit varies from 30 metres to 50 metres, with mineralization occurring over large intervals. The mineralized zone has been delineated at surface over a distance of about 200 metres and drilled to a depth of 400 metres, and it remains untested below that depth. Puma plans to complete follow-up work on the historic drill-hole intersections showing significant copper/silver mineralization over long intervals. It will also use the same proven low-cost exploration strategy, used at the Williams Brook Project, to identify new prospective targets on the property. Highlights from Historical Drilling* In 1970, drill hole No. 17 returned a continuous section of 59.34 metres @ 1.22% Cu with three (3) important copper-bearing skarn zones: 1) 3.16 % Cu over 11.28 metres from 152.40 to 163.68 metres; 2) 1.84 % Cu over 10.42 metres from 167.64 to 178.06 metres; 3) 1.22% Cu over 13.47 metres from 188.98 to 202.45 metres. The gold potential at Legacy was never assessed, although Hole MC-92-20 returned 4.00 m of 0.26% Cu, 6.08 g/t Ag, and 3.07 g/t Au from 43.00 m to 47.00 m downhole. Puma's detailed data compilation will study the metals zonation at Legacy and assess its copper/silver/gold potential. *Independent Technical Report for the Legacy Project, Restigouche County, New Brunswick, Canada, Marek Nowak, Peng, Chris Barrett, CGeol, Tessa Scott, B.A., Effective Date: June 22, 2015 . Use of Proceeds and Details The gross proceeds of the FT Shares sold under the FT Offering will be used for Canadian Exploration Expenses (within the meaning of the Income Tax Act (Canada)) which qualify as a 'flow-through mining expenditure' for purposes of the Income Tax Act (Canada) related to the exploration program to be conducted on properties located in the Province of New Brunswick. MBM will renounce such Canadian Exploration Expenses with an effective date of no later than December 31, 2025. The proceeds of the FT Offering will be used for data compilation, issuing a new 43-101 compliant technical report, targeting, and excavation operations to locate drilling targets at Legacy. The fieldwork program will cost at least $150,000. Murray Brook Minerals paid $12,250 finders fee to arms-length finders. The FT Offering constitutes an 'Exempt Transaction' under the policies of the TSX Venture Exchange. All securities issued under the FT Offering will be subject to an indefinite hold period in accordance with applicable securities laws. About Puma's Assets in New Brunswick Puma has accumulated an impressive portfolio of prospective gold landholdings strategically located close to roads and infrastructure in Northern New Brunswick - the Williams Brook Project and the McKenzie Gold Project. Both are located near the Rocky Brook Millstream Fault ('RBMF'), a major regional structure formed during the Appalachian Orogeny and a significant control for gold deposition in the region. Puma's work to date has focused on the Williams Brook property, but prospecting and surface exploration work on its other properties have confirmed their potential for significant gold mineralization. Qualified Person The scientific and technical content of this press release has been prepared, reviewed, and approved by Mr. Dominique Gagné, P. Geo., Vice President of Exploration, who is a 'Qualified Person' as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects ('NI 43-101'). About Puma Exploration Puma Exploration is a Canadian-based mineral exploration company focused on finding and growing a pipeline of precious metals projects in New Brunswick, near Canada's Famous Bathurst Mining Camp. Puma has a long history in Northern New Brunswick, having worked on regional projects for over 20 years. Puma's successful exploration methodology, which combines old prospecting methods with detailed trenching and up-to-date technology such as Artificial Intelligence, has facilitated an understanding of the region's geology and associated mineralized systems. Armed with geophysical surveys, geochemical data and consultants' expertise, Puma has developed a perfect low-cost exploration tool to discover gold at shallow depths and maximize drilling results. Murray Brook Minerals (MBM) is a wholly owned subsidiary of Puma. The private company is focused on identifying prospective projects in Northern New Brunswick that could be monetized to the benefit of Puma shareholders. Puma is committed to its DEAR business model of Discovery, Exploration, Acquisition and Royalties to generate maximum value for shareholders with low share dilution. Connect with us on Facebook / X / LinkedIn . Visit for more information or contact: Marcel Robillard, President and CEO. (418) 750-8510; president@ Mia Boiridy, Head of Investor Relations. (250) 575-3305; mboiridy@ Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts 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 several known and unknown risks, uncertainties, and other factors that 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 rely 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 update or revise any forward-looking statements publicly. The quarterly and annual reports and the documents submitted to the securities administration describe these risks and uncertainties. Figures accompanying this announcement are available at
