Puma Exploration Inc., PUMA-TSXV, (the “Company” or “Puma”) is
pleased to announce the appointment of Dr. Jean-Paul Lacasse as a
member of its Strategic Advisory Board to lead the newly created
First Nations Engagement and Social Acceptability Committee.
Following the success of the initial exploration program of the
Williams Brook Gold property, the Company is building a leading
management-advisory team to advance the development and exploration
on the Company's flagship Triple Fault Gold Project in New
Brunswick, Atlantic Province of Canada.
“Puma is putting together all of the pieces of
the puzzle that will enable the Company to move the Triple Fault
Gold Project forward to the next level and to become a success
story and set the example for future exploration programs in New
Brunswick. Given that the project is still at an early stage of
exploration, it was the best timing to initiate discussions and
dialogue with the local First Nations and surrounding communities
to build a long-term, friendly, and peaceful relationship.” Stated
Marcel Robillard, President and CEO of Puma Exploration. “We are
delighted to have the opportunity to have Mr. Lacasse advise Puma
on the best practices for consultations and peaceful relationships
with the First Nations and the local community.” Added Marcel
Robillard.
“The Mi’gmaq, of Pabineau (Oinpegitjoig) First
Nations, believes that it is important to establish a solid
relationship at the beginning of a project and continue to build on
that relationship in the spirit of mutual understanding and trust.
We are open to a continuing dialogue with Puma Exploration whereby
we share our vision of the land and traditional activities” stated
Terry Richardson, Chief of the Pabineau First Nation. "We applaud
Puma for taking that first step and we look forward to continuing
to develop the relationship.” Added Terry Richardson, Chief of the
Pabineau Nation.
“I am pleased to have the
opportunity to contribute to strengthen the already harmonious
relations between a dynamic mining exploration Company such as Puma
Exploration and the Mi'gmaq community of Pabineau, both at the
exploration and possible production stages, all while respecting
the concerns and wishes of the members of the community,” stated
Dr. Jean-Paul Lacasse.
JEAN-PAUL LACASSEJean-Paul
Lacasse, doctor of law and lawyer, is professor emeritus at the
University of Ottawa. Author of numerous books and articles,
particularly in mining law and indigenous peoples' law, he has
worked in various capacities with government organizations,
business concerns, mining exploration companies, in university
administration and with indigenous communities. He has often
represented the latter with regards to the development and
production of the resources of their territory. He has also served
on several boards of directors of mining exploration companies.
GRANT OF OPTIONSPuma, pursuant
to its Stock Option Plan and subject to regulatory acceptance, has
granted an aggregate total of 3,200,000 incentive stock options to
certain directors, advisors, and consultants of the Company,
vesting immediately. These options will be exercisable at a price
of $0.16 per common share and will expire on February 01st,
2026.
STOCK OPTION PLANThe Company
further announces that it has increased its fixed less than 10%
Stock Option Plan from 5,500,000 shares to 7,400,000 shares (the
"Amended Plan"), which remains less than 10% of the Company's
current issued and outstanding share capital. The Amended Plan is
subject to receipt of acceptance from the TSX Venture Exchange (the
"Exchange").
TRIPLE FAULT GOLD PROJECTThe
Triple Fault Gold Project includes three (3) properties named
Williams Brook, Jonpol Gold, and Portage Lake, covering more than
19,500 hectares of favorable gold exploration land package. The
project is located about 60 km west of Bathurst with the paved road
cross-cutting the property.
Puma is currently focusing its field work on its
first priority, the Williams Brook property. The Williams Brook
property includes selected drill results of 11.2 g/t over 2.8m, 2.1
g/t Au over 9.0m, and 1.0 g/t over 23m, gold occurrences grading up
to 128.0 g/t Au, 50.8 g/t Au, 38,9 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
kilometers.
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.
QUALIFIED PERSONSDominique
Gagné, PGeo, independent 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. Mr.
Gagné is independent of the Company.
QUALITY ASSURANCE/QUALITY CONTROL
(QA/QC)Rock samples were bagged, sealed and sent to the
facility of ALS CHEMEX in Moncton, New Brunswick where each sample
is dried, crushed, and pulped. The samples were crushed to 70% less
than 2mm, riffle split off 1kg, pulverise split to better than 85%
passing 75 microns (Prep-31B). A 30-gram subsplit from the
resulting pulp was then subjected to a fire assay (Au-ICP21). Rock
sample ICP results with gold >1g/t were subjected to a metallic
screening (Au-SCR24) 1kg pulp screened to 100 microns. Other screen
sizes available. Duplicate 50g assay on screen undersize. Assay of
entire oversize fraction.
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.comArness Cordick, Communications
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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