Puma Exploration Inc. is pleased to announce the closing of the fully subscribed ordinary units private placement for an amount of $450,000 and a first tranche of the Flow-Through units for an amount of $450,000 for a total of $900,000. The Company issued 3 million units at the price of $0.15 per Unit. Each unit comprises one common share and one common share purchase warrant. Each warrant gives its holder the right to [...]
Puma Exploration Inc. has arranged non-brokered private placements of up to $2.45 million, consisting of three million units of the corporation at a price of 15 cents per unit, for gross proceeds of up to $0.45 million, and ten million Canadian flow-through units of the corporation, at a price of 20 cents per FT unit, for gross proceeds of up to $2.00 million. Each ordinary unit will consist of one common share of the [...]
Puma Exploration Inc. has found additional occurrences of visible gold in trench TR20-28, located 35 m east of the O’Neil High-Grade Gold Showing. The discovery was made during the detailed mapping of the trench, following the cleaning work. The visible gold is variably detected in 0.5 to 3.0 millimeters disseminated blebs in a quartz veins breccia that show pervasive alteration of Chlorite + Sericite. The quartz [...]
Puma Exploration Inc. is pleased to announce the discovery of visible GOLD in quartz veining stockwork similar to the O’Neil Showing signature grading up to 109.5 g/t Au at its Williams Brook Property near Bathurst, New Brunswick, Atlantic Province of Canada. The discovery, located 35 meters NE of the O’Neil Showing, was made during Phase 2 of the current trenching program conducted on the O’Neil Gold [...]
Puma Exploration Inc. is pleased to announce the discovery of a new gold-bearing zone with up to 9.08 g/t Au on its Williams Brook property . The gold discovery, located 300 meters northeast of the O’Neil Showing, was made during the first phase of the ongoing trenching program to verify the source of the gold-bearing boulder fields previously reported. HIGHLIGHTS: New gold discovery from current trenching work with [...]
Puma Exploration Inc. is pleased to announce the presence of significant coarse gold mineralization including the highest grade being 128.0 g/t Au received from metallic screen assays. Initial check assaying using metallic screen fire assay was conducted on previously fire assayed selected grab samples* at the O’Neil showing, reported in the September 01st, 2020 press release. HIGHLIGHTS: Significant coarse gold [...]
Puma Exploration Inc. is pleased to provide additional results, following those reported on September 01, 2020 on the O’Neil Showing, from its initial reconnaissance exploration program conducted on the Williams Brook Property, in Northern New Brunswick, an Atlantic Province of Canada. HIGHLIGHTS: Three new gold-bearing boulders fields discovered over 2.0 km along the O’Neil Gold Zone providing excellent [...]
Puma Exploration Inc. is pleased to announce the results of its Annual Meeting of Shareholders held on September 3th, 2020 in Rimouski. All matters submitted to shareholders for approval as set out in the Company’s Circular dated July 20, 2020 were approved. A total of 15,044,954 common shares were voted at the AGM, representing 26% of the issued common shares of the Company. These matters included the appointment of [...]
Puma Exploration Inc. is pleased to announce the initial results of its summer exploration program conducted on the Williams Brook Property of its flagship Project; The Triple Fault Gold, in Northern New Brunswick, an Atlantic Province of Canada. HIGHLIGTHS: High grade gold rock sample, grading 109.5 g/t Au from selected grab sample* collected at the O’Neil Showing. The average gold grade samples of the vein is 27.4 [...]
Puma Exploration Inc. is pleased to announce that it will transfer all of its copper assets to its wholly-owned subsidiary Murray Brook Minerals Inc. The objective is to generate maximum value to its shareholders from its base metal projects while Puma Exploration continues to concentrate on its new Flagship Triple Fault Gold Project in New Brunswick. “The current business arrangement represents an important [...]
Puma Exploration Inc. is pleased to announce the nomination of Mackenzie 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 [...]
Puma Exploration Inc. have terminated the amended and restated asset purchase agreement signed on October 5, 2016, as amended thereafter. Pursuant to the last amendment signed by Puma and El Nino, Puma had until July 31, 2020, to proceed with the final $1-million cash consideration or to agree on an alternative agreement to deal with the acquisition of the Project. Puma will execute the requirements of the termination [...]