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Puma Exploration Reports Inaugural Drilling Results At Mckenzie Gold Project
Puma Exploration Inc. announced assay results from its inaugural 2,721-metre diamond drilling program at the RIM Gold Zone of its McKenzie Gold Project in Northern New Brunswick. The program intersected high-grade gold mineralization in multiple shear and extension vein structures, including quartz vein samples that host visible gold and returned 42.60 g/t Au over 0.25 m, 21.86 g/t Au over 0.30 m, 15.55 g/t Au over 0.30 m, and 13.41 g/t Au over 0.25 m. These high-grade veins are located within a broader, lower-grade gold envelope that varies in width from 5 to 20 metres. The 2025 program was a first-pass drill test of the high-grade RIM gold system discovered at surface in 2024-25. The shallow drilling program confirmed that gold-bearing quartz veins and stockwork discovered at surface continue at depth (so far, down to 106 metres downhole) and host several high-grade intercepts. The gold system was tested and confirmed over a lateral extension of 200 metres. The objective of drilling shallow holes was to better define the geometry and continuity of the veins found at surface and to confirm any potential high-grade gold shoot before drilling deeper holes. A potential high-grade gold shoot appears to exist southwest of the stripped area. These initial drilling results at RIM validate Puma’s geological model and provide the Company with a stronger technical foundation for deeper drilling. The data gathered by Puma’s first phase of drilling will also help better define the geometry of the prospective Grog Gold Zone, located on strike 30 km away, which will be drill-tested later this year. All this new data will help the Company’s exploration crews detail the existing gold occurrences and discover new ones across the 42,000-ha land package. The Company wishes to address the unprecedented delays it experienced in receiving assay results from its 2025 drilling program at the McKenzie Gold Project. The RIM Gold Zone is interpreted as a structurally controlled quartz-vein system developed along the McKenzie Fault corridor. Surface stripping and trenching in 2025 more than doubled the known extent of the RIM Gold Vein to the northeast and returned high-grade grab samples, including 126.96 g/t Au, 125.66 g/t Au, 84.41 g/t Au and 79.69 g/t Au. The inaugural RIM drilling program was not designed as a resource-definition program. It was intended to test the newly exposed high-grade vein system and, more importantly, to assess the geometry, continuity, and structural controls on gold mineralization below surface. The results confirm that the RIM system continues at depth (106 metres downhole) and that gold occurs in both shear- and extension-vein structures. These results are reminiscent of the gold mineralization at the Lynx Gold Zone at the Williams Brook Project, located 7 km southeast, and represent an important first step in advancing exploration at McKenzie. The high-grade gold quartz veins and stockworks reported were intersected near the surface and to a depth of 106 metres downhole (the deepest drilled to date). They occur within a lower-grade gold envelope, but within a thicker mineralized section composed of many small veins and veinlets within a section that varies in width from 3 metres to 20 metres. For example, drillhole MK25-05 returned 0.44 g/t Au over 10.90 m and MK25-09 returned 0.65 g/t Au over 9.35 m; MK25-20 intersected 0.64 g/t Au over 20.10 m, including 1.64 g/t Au over 7.75 m, and MK25-26 returned 0.38 g/t Au over 27.85 m, including 1.01 g/t Au over 10.40 m. The results confirm that the RIM system continues at depth (106 metres downhole) and that gold occurs in both shear- and extension-vein structures. The high-grade gold quartz veins and stockworks reported were intersected near the surface and to a depth of 106 metres downhole (the deepest drilled to date). They occur within a lower-grade gold envelope, but within a thicker mineralized section composed of many small veins and veinlets within a section that varies in width from 3 metres to 20 metres. For example, drillhole MK25-05 returned 0.44 g/t Au over 10.90 m and MK25-09 returned 0.65 g/t Au over 9.35 m; MK25-20 intersected 0.64 g/t Au over 20.10 m, including 1.64 g/t Au over 7.75 m, and MK25-26 returned 0.38 g/t Au over 27.85 m, including 1.01 g/t Au over 10.40 m. The RIM Gold Zone is interpreted as a structurally controlled quartz-vein system developed along the McKenzie Fault corridor. Surface stripping and trenching in 2025 more than doubled the known extent of the RIM Gold Vein to the northeast and returned high-grade grab samples, including 126.96 g/t Au, 125.66 g/t Au, 84.41 g/t Au and 79.69 g/t Au. The inaugural RIM drilling program was not designed as a resource-definition program. It was intended to test the newly exposed high-grade vein system and, more importantly, to assess the geometry, continuity, and structural controls on gold mineralization below surface. The results confirm that the RIM system continues at depth (106 metres downhole) and that gold occurs in both shear- and extension-vein structures. The high-grade gold quartz veins and stockworks reported were intersected near the surface and to a depth of 106 metres downhole (the deepest drilled to date). They occur within a lower-grade gold envelope, but within a thicker mineralized section composed of many small veins and veinlets within a section that varies in width from 3 metres to 20 metres. For example, drillhole MK25-05 returned 0.44 g/t Au over 10.90 m and MK25-09 returned 0.65 g/t Au over 9.35 m; MK25-20 intersected 0.64 g/t Au over 20.10 m, including 1.64 g/t Au over 7.75 m, and MK25-26 returned 0.38 g/t Au over 27.85 m, including 1.01 g/t Au over 10.40 m. The RIM Gold Zone is interpreted as a structurally controlled quartz-vein system developed along the McKenzie Fault corridor. Surface stripping and trenching in 2025 more than doubled the known extent of the RIM Gold Vein to the northeast and returned high-grade grab samples, including 126.96 g/t Au, 125.66 g/t Au, 84.41 g/t Au and 79.69 g/t Au. The inaugural RIM drilling program was not designed as a resource-definition program. It was intended to test the newly exposed high-grade vein system and, more importantly, to assess the geometry, continuity, and structural controls on gold mineralization below surface. The results confirm that the RIM system continues at depth (106 metres downhole) and that gold occurs in both shear- and extension-vein structures. The high-grade gold quartz veins and stockworks reported were intersected near the surface and to a depth of 106 metres downhole (the deepest drilled to date).