Puma Exploration (TSXV:PUMA) - The Next Major High-Grade Gold Discovery in New Brunswick

Company Interviews

Interview with Marcel Robillard, President & CEO of Puma Exploration Inc.

Our previous interview: https://www.cruxinvestor.com/posts/puma-exploration-tsxvpuma-high-grade-gold-intercepts-confirm-scale-potential-4400

Recording date: 25th March 2024

Puma Exploration (TSXV:PUMA) is an emerging gold exploration company with a flagship asset that has the potential to become a major new gold district in Canada. The company's Williams Brook gold project, located in the highly prospective Bathurst Mining Camp of New Brunswick, boasts widespread high-grade gold mineralization at surface across a massive 40,000-hectare land package. With a proven exploration approach, strong financial position, and experienced leadership team, Puma is well-positioned to unlock the value of this exciting discovery for its shareholders.

At the heart of the Williams Brook story is the presence of multiple zones of quartz vein-hosted gold mineralization along a 4-kilometer corridor. The most advanced of these is the Lynx Zone, where initial drilling has defined high-grade gold over 750 meters of strike and to a depth of 200 meters. Highlight intercepts include 5.5 g/t gold over 50.2 meters, demonstrating the robust width and grade continuity of the system. Importantly, mineralization at Lynx remains open along strike and at depth, pointing to strong potential for resource growth.

Looking beyond Lynx, Puma has identified similar styles of gold mineralization at the nearby Jaguar and Cheetah Zones. These discoveries, situated along a 4-kilometer trend, speak to the district-scale nature of the opportunity at Williams Brook. Puma's objective in 2024 is proving up scale and size of the already known mineralization at its Williams Brook property.

To achieve this goal, Puma is embarking on an aggressive exploration campaign in 2024. The company recently commenced a 2,000-meter drill program targeting the Jaguar Zone, with the aim of demonstrating similar high-grade gold continuity as seen at Lynx. This drilling will be supplemented by extensive surface trenching, stripping, and detailed structural mapping to develop new targets across the 4-kilometer corridor. Puma also plans to conduct additional metallurgical studies to optimize the gold recovery process, which has already shown promising results using simple gravity-based methods.

Importantly, Puma is fully funded to execute on its 2024 exploration plans. With approximately C$1.5 million in working capital, the company is well-capitalized to complete the current 2,000-meter drill program and extensive surface exploration through the end of the year. This strong financial position allows Puma to advance Williams Brook aggressively without needing to raise additional capital or dilute shareholders in the near term.

Despite the scale and quality of the Williams Brook asset, Puma currently trades at a modest market capitalization of just C$15 million. This valuation disconnect represents a compelling opportunity for investors to gain exposure to a high-grade gold discovery in a top-tier mining jurisdiction. As the company delivers exploration success and the gold price environment improves, Puma is poised for a significant re-rating by the market.

In conclusion, Puma Exploration offers investors a unique opportunity to participate in the early stages of a potentially world-class gold discovery. With a massive land position, high-grade mineralization, a systematic exploration approach, and a proven leadership team, the company has all the key ingredients in place to unlock the value of the Williams Brook project. As Puma advances this exciting story in the coming months, shareholders stand to benefit from the significant upside potential on offer.

View Puma Exploration's company profile: https://www.cruxinvestor.com/companies/puma-exploration-inc

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