Puma Creates New Strategic Advisory Board and Strengthens Its Board of Directors With Mining Industry Experts
August 12 2020 - 8:29AM
Puma Exploration Inc., PUMA-TSXV, (“Puma”) is pleased to announce
the nomination of Mackenzie (Mac) Watson as a member of the new
Strategic Advisory Board, and the appointment of Rejean Gosselin
and Michel Fontaine, two seasoned mining professionals, to Puma’s
Board of Directors. The Company is building a premier
management-advisory team and Board of Directors to accelerate
exploration on the Company's flagship Triple Fault Gold Project as
well as value creation with the Company's other assets in New
Brunswick, Atlantic Province of Canada.
STRATEGIC CORPORATE UPDATES
MACKENZIE (MAC) WATSON - STRATEGIC ADVISORY
BOARDMr. Watson, B.Sc., P.Eng., has over 50 years of experience in
exploration, development, and operations in the mining industry.
Mr. Watson has spent his career in the junior mining sector,
notably served as Chief Executive Officer of Lynx Canada
Exploration Ltd. until 1985 and as Chief Executive Officer of
Freewest Resources Canada Inc. from 1985 until its acquisition by
Cliffs Natural Resources in 2010. Mr. Watson is the first person to
have received the Bill Dennis Award for a Canadian Discovery or
Prospecting Success twice: a first time in 1991 for numerous
discoveries; and again in 2009 as part of the team responsible for
chromite discoveries in the Ring of Fire. He was also awarded the
Quebec Prospector of the Year Award in 1992 for his participation
in the discovery of the Pusticamica and Verneuil gold deposits in
Quebec. In January 2015, Mr. Watson was inducted into the Canadian
Mining Hall of Fame.
His impressive track record includes involvement
in the discovery of the Clarence Stream property, being developed
by Galways Metals (GWM.V) in southern New Brunswick. He also
provides leadership and support to junior companies and industry
associations. “Mr. Watson's impressive career is particularly
relevant to Puma's new strategy, having discovered and explored the
Clarence Stream property, being developed by Galways Metals in
southern New Brunswick. His advice will help Puma develop its
assets, particularly the ones located in New Brunswick.” Notes
Marcel Robillard, President and CEO of Puma Exploration.
REJEAN GOSSELIN - DIRECTORMr. Gosselin graduated
from Laval University in 1979 with a M.Sc. in Geology and started
working on uranium, gold, and base metals exploration projects in
Canada, United States, and South America. For the past 35 years,
Rejean acted as founder and promoter of many junior mining
companies exploring for different commodities in Canada, Mexico,
Africa and South America. He and his team at the time, were
responsible for discovering gold and NiCuPGE in Canada, ZnCuAg in
Mexico, and Ag in Morocco. Recent involvements included serving as
President and Chief Executive Officer of Diabras Exploration (now
Sierra Metals), as Chief Executive Officer and Chairman of Maya
Gold and Silver, and most recently as President and Chief Executive
Officer of Origin Gold Corporation. Mr.Gosselin will join the Board
of Directors immediately.
MICHEL FONTAINE - DIRECTORMichel Fontaine
graduated in administration from the University of Laval, he was
Vice-President of Diagnos from 2005 to 2017, director of Metanor
Resources Inc. from 2014 to 2017, director of Majescor Resources
Inc. from 2015 to 2017, President and Chief Executive Officer of
Albert Mining Inc. from 2017 to 2019. Currently, he is a director
of Everton Resources Inc and President and Chief Executive Officer
of Windfall Geotek Inc. Windfall Geotek (formerly Albert Mining) is
a Canadian corporation offering a proven and industry-leading
digital platform leveraging Artificial Intelligence (AI)
technologies to significantly improve outcomes in the exploration,
development, operations, and financing of geologically focused
projects. Mr. Fontaine has been added to the slate of Director to
join the Board of Director at the AGM on September 03, 2020.
GRANT OF OPTIONSPuma, pursuant to its Stock
Option Plan and subject to regulatory acceptance, has granted an
aggregate total of 375,000 incentive stock options to certain
directors, advisory and consultants of the Company, vesting
immediately. These options will be exercisable at a price of
$0.15 per common share and will expire on August 12, 2025.
TRIPLE FAULT GOLD AREA
Puma is currently focusing its field work on its
flagship TRIPLE FAULT GOLD
PROJECT in New Brunswick. The initial phase of the
program incorporates large detailed prospecting, mapping,
trenching, and stripping focused over the entire Williams Brook
Gold property of the Triple Fault Gold Project. The Williams Brook
Gold property includes selected drill results of 11.2 g/t
over 2.8m, 1.0 g/t over 23 m, gold occurrences grading up
to 50.8 g/t Au in bedrock, numerous gold soil
anomalies and extremely anomalous till samples with up to
508 gold grains that occur over an area
approximately 12 by 3 kilometres.
The Triple Fault Gold Project includes four (4)
properties named Williams Brook Gold, Jonpol Gold, Rocky Brook, and
Portage Lake and controls more than 25,000ha of favorable gold
exploration. There are many gold occurrences up to 50.8 g/t
Au, 40 g/t Au, 28 g/t Au, 17 g/t Au with previous holes
intersected 11.2 g/t over 2.8m, 8.02 g/t Au over 1.0m, 1.0
g/t over 23.0m, 3.46 g/t Au over 2.0m. There has been very
limited drilling and exploration in the area with excellent access
by the paved Route 180 close to the mining camp infrastructure. The
Dunnage Zone hosts major gold deposits and gold occurrences in
siluro-devonian host rocks with the emergence of many companies in
Eastern Canada for gold exploration and development.
QUALIFIED PERSONS Marcel
Robillard, PGeo, qualified person as defined by Canadian National
Instrument 43-101 standards, has reviewed and approved the
geological information reported in this news release. Neither 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.
ABOUT PUMA EXPLORATIONPuma
Exploration is a Canadian-based mineral exploration company with
precious and base metals projects in early to advanced stages
located in the Famous Bathurst Mining Camp (BMC) in New Brunswick,
Canada. Great efforts will be made by the Company in the coming
years to deploy its DEAR strategy (Development,
Exploration, Acquisition and Royalties) in order to generate
maximum value for shareholders with low shares dilution.
You can visit us on Facebook / Twitter /
LinkedInLearn more by consulting www.pumaexploration.com for
further information on Puma.Marcel Robillard, President
(418) 724-0901
president@explorationpuma.com
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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