Puma Exploration Concludes 2025 Drilling at Lynx, VG Observed in Several Holes
Puma Exploration (OTCQB: PUMXF) completed a 3,662 m 2025 drilling program at the Lynx Gold Zone (Williams Brook), with visible gold (VG) observed in 6 of 15 holes.
Drilling extends the known mineralized footprint to 800 m strike, 50 m width and 250 m depth and remains open in all directions. Deepest VG occurred at 355.33 m (WB25-181). The campaign was fully funded by optionee Kinross as part of a C$2 million 2025 commitment; assays are pending. Puma also granted 4.5M stock options at $0.18 exercisable to Oct 15, 2029.
Puma Exploration (OTCQB: PUMXF) ha completato un programma di trivellazione nel 2025 di 3.662 m presso la Lynx Gold Zone (Williams Brook), con oro visibile (VG) osservato in 6 dei 15 pozzi.
La trivellazione estende l'impronta mineralizzata conosciuta a 800 m di giro, 50 m di larghezza e 250 m di profondità e rimane aperta in tutte le direzioni. L'VG più profondo si è verificato a 355,33 m (WB25-181). La campagna è stata interamente finanziata dall'opzione Kinross come parte di un impegno di C$2 milioni nel 2025; le analisi sono in attesa. Puma ha inoltre concesso 4,5 milioni di stock option a $0,18, exercisable fino al 15 ottobre 2029.
Puma Exploration (OTCQB: PUMXF) completó un programa de perforación de 3.662 m en 2025 en la Lynx Gold Zone (Williams Brook), con oro visible (VG) observado en 6 de 15 agujeros.
La perforación extiende la línea mineralizada conocida a 800 m de connotación, 50 m de ancho y 250 m de profundidad y permanece abierta en todas las direcciones. El VG más profundo se produjo a 355,33 m (WB25-181). La campaña fue financiada por completo por Kinross como parte de un compromiso de 2 millones de CAD en 2025; los ensayos están pendientes. Puma también otorgó 4,5 millones de opciones sobre acciones a un precio de $0,18 exercisable hasta el 15 de octubre de 2029.
Puma Exploration (OTCQB: PUMXF)가 2025년에 Lynx Gold Zone(Williams Brook)에서 3,662 m의 시추 프로그램을 마쳤으며, 육안 금(VG)이 15구멍 중 6곳에서 관찰되었습니다.
시추는 알려진 광물화 범위를 800 m의 길이, 50 m의 너비, 250 m의 깊이로 확장하며 모든 방향으로 열려 있습니다. 가장 깊은 VG는 355.33 m에서 발생했습니다(WB25-181). 이번 캠페인은 2025년 약정의 일환으로 Kinross가 전적으로 자금을 지원했으며, CAD 200만의 약정이 포함되어 있습니다; 분석은 대기 중입니다. Puma는 또한 4.5백만 주의 주식 옵션를 0.18달러로 부여했으며 2029년 10월 15일까지 행사 가능합니다.
Puma Exploration (OTCQB: PUMXF) a terminé en 2025 un programme de forage de 3 662 m dans la Lynx Gold Zone (Williams Brook), avec or visible (VG) observé dans 6 des 15 puits.
Le forage étend l’emprise minéralisée connue à 800 m de longueur, 50 m de largeur et 250 m de profondeur et demeure ouvert dans toutes les directions. L’or visible le plus profond a été enregistré à 355,33 m (WB25-181). La campagne a été entièrement financée par l’optionnaire Kinross dans le cadre d’un engagement de 2 millions de CAD en 2025; les analyses sont en attente. Puma a également accordé 4,5 millions d’options d’achat d’actions à 0,18 $ exécutables jusqu’au 15 octobre 2029.
Puma Exploration (OTCQB: PUMXF) hat 2025 ein Bohrprogramm über 3.662 m in der Lynx Gold Zone (Williams Brook) abgeschlossen, wobei sichtbares Gold (VG) in 6 von 15 Bohrlöchern beobachtet wurde.
Das Bohren erweitert die bekannte mineralisierte Fläche auf 800 m Länge, 50 m Breite und 250 m Tiefe und bleibt in alle Richtungen offen. Tiefstes VG trat bei 355,33 m auf (WB25-181). Die Kampagne wurde vollständig von Kinross im Rahmen einer Verpflichtung von CAD 2 Millionen im Jahr 2025 finanziert; Probenanalysen stehen aus. Puma hat außerdem 4,5 Millionen Aktienoptionen zu je 0,18 USD eingeräumt, die bis zum 15. Oktober 2029 ausübbar sind.
Puma Exploration (OTCQB: PUMXF) أكملت برنامج حفر في عام 2025 بطول 3,662 م في منطقة Lynx Gold Zone (Williams Brook)، مع ملاحظة ذهب مرئي (VG) في 6 من 15 بئراً.
يمتد الحفر إلى البقعة المعدنية المعروفة لتصل إلى 800 م من الامتداد، 50 م من العرض و250 م عمق، ولا تزال مفتوحة في جميع الاتجاهات. حدث VG الأعمق عند 355.33 م (WB25-181). تم تمويل الحملة بالكامل من قبل مالك الخيار Kinross كجزء من التزام بقيمة 2 مليون دولار كندي في 2025؛ التحاليل جارية. كما منحت Puma 4.5 مليون خيار أسهم بسعر $0.18 قابل للتنفيذ حتى 15 أكتوبر 2029.
Puma Exploration (OTCQB: PUMXF) 完成了2025年在 Lynx Gold Zone（Williams Brook）进行的 3,662 m 钻探计划，在 15 口井中有 肉眼金（VG）被观测到。
钻探将已知的成矿地貌扩展至 800 m 斑延、50 m 宽度、250 m 深度，并在各方向仍然未封口。最深的 VG 发生在 355.33 m（WB25-181）。本次勘探由期权持有人 Kinross 全额资助，作为 2025 年 200 万加元承诺的一部分；分析结果待出。Puma 还授予 450 万股股票期权，行权价 0.18 美元，可执行至 2029 年 10 月 15 日。
- Visible gold in 6 of 15 drill holes
- Drill campaign 3,662 m completed
- Mineralized zone now 800 m along strike
- Deepest visible gold at 355.33 m
- 2025 program fully funded under C$2M Kinross commitment
- Assay results are pending, limiting grade certainty
- Grant of 4.5M stock options may increase share dilution
Highlights
- 3,662 m in 15 drill holes were drilled at the Lynx Gold Zone ("LGZ").
- Visible gold ("VG") was observed in 6 separate drill holes.
- All but one hole intercepted the favourable rhyolite/sediment contact.
- Altered quartz veins containing sulphides and visible gold were intercepted in fresh rock under the surface oxidized units.
- WB25-181 intersected multiple grains of VG at a downhole depth of 355 m, representing the deepest VG occurrence to date (see September 4, 2025 News Release).
- WB25-190 shows intense quartz veining with sulphides in the first 50 m and grains of VG at 43.85 m downhole depth, extending the Lynx Gold Zone by 200 m to the southwest.
- The gold mineralization at Lynx now extends to 800 m along strike, 50 m wide and a vertical depth of 250 m, and it remains open in all directions.
Rimouski, Québec--(Newsfile Corp. - October 15, 2025) - Puma Exploration Inc. (TSXV: PUMA) (OTCQB: PUMXF) (the "Company" or "Puma") is pleased to announce that it has completed its 2025 drilling program at the Lynx Gold Zone of its Williams Brook Gold Project in Northern New Brunswick. Visible gold (VG) was observed in several drill holes, thereby increasing the limits of the known mineralized zone to 800 metres along strike, 50 metres in width and 250 metres in depth. Assays are pending and will be released when received.
Marcel Robillard, Puma's president and CEO, commented, "We are pleased with what we see in the drill core. We successfully hit the mineralization we were targeting, and the occurrence of visible gold in these step-out holes is significant. Preliminary observations suggest that the Lynx Gold Zone is larger than previously thought and that future drilling could expand it further."
The 3,662 m drilling campaign was fully funded by the optionee, Kinross, and forms part of its C
The 2025 drilling successfully intersected the targeted mineralization, providing further insights into structural patterns and lithological contacts at the LGZ. Visible gold in 6 of the 15 holes (Figure 1) was observed in drill core drilled outside of the known limits of the Lynx Gold Zone. Visible gold was intersected subsurface in hole WB25-190 (43.85 m downhole depth), collared 150 m southwest of the Lynx Gold Zone, while other occurrences of VG were observed much deeper in the holes, up to 355.33 m downhole in hole WB25-181 (Table 1, Image 1). Of note, the zone remains open at depth and along strike to the NE and SW.
Figure 1. Location of 2025 drillholes at the Lynx Gold Zone
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Image 1. Visible gold observed in drill core
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Image 1. Visible gold observed in drill core
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Table 1. Drill hole coordinates and occurrences of visible gold ("VG")
| HOLE ID | Easting | Northing | Elev. | Az. (TN) | Dip | Depth (m) | Visible Gold depth (m) |
| WB25-176 | 660173 | 5259511 | 377 | 120 | -49 | 194 | |
| WB25-177 | 660309 | 5259607 | 384 | 120 | -51 | 156 | |
| WB25-178 | 660384 | 5259646 | 384 | 120 | -51 | 135 | |
| WB25-179 | 660331 | 5259743 | 382 | 120 | -47 | 189 | |
| WB25-180 | 660189 | 5259626 | 376 | 113 | -56 | 282 | |
| WB25-181 | 659958 | 5259665 | 365 | 118 | -46 | 387 | 355.30 |
| WB25-182 | 660032 | 5259466 | 366 | 92 | -47 | 318 | |
| WB25-183 | 660032 | 5259466 | 366 | 130 | -47 | 231 | |
| WB25-184 | 660008 | 5259410 | 367 | 142 | -47 | 243 | |
| WB25-185 | 659994 | 5259237 | 364 | 120 | -53 | 225 | 185.60 -186.05 |
| WB25-186 | 659948 | 5259127 | 365 | 115 | -47 | 318 | |
| WB25-187 | 659952 | 5259194 | 381 | 120 | -45 | 261 | 203.15, 205.25, 206.05 |
| WB25-188 | 660009 | 5259304 | 389 | 120 | -45 | 216 | 136.70-136.79, 166.02 |
| WB25-189 | 659919 | 5259349 | 387 | 120 | -47 | 291 | 236.95 |
| WB25-190 | 660009 | 5258963 | 365 | 110 | -46 | 216 | 43.85 |
| Total drilled 3,662 m | |||||||
Ongoing Summer Exploration Program at Williams Brook
As announced on September 4, 2025, the summer program included channelling at the Lynx Gold Zone, as well as prospecting, trenching, and excavating over the entire Williams Brook Project, including the Jonpol /Portage properties. Results are expected to be announced shortly.
Grant of Options
In accordance with its stock option plan and pending regulatory approval, Puma has granted a total of 4.5 million incentive Stock Options ("Options") to Company directors, certain advisors, and consultants, that vest immediately. These options are exercisable at
About the Williams Brook Project
The Williams Brook Project (40,225 ha), optioned to Kinross Gold Corp (see October 24, 2024 News Release), comprises the Williams Brook Property, the Jonpol Property and the Portage Property. To earn a
About Puma's Assets in New Brunswick
Puma has accumulated an impressive portfolio of prospective gold landholdings strategically located close to roads and infrastructure in Northern New Brunswick, including the Williams Brook Project and the new McKenzie Gold Project.
Both are located near the Rocky Brook Millstream Fault ("RBMF"), a major regional structure formed during the Appalachian Orogeny and a significant control for gold deposition in the region. Puma's work to date has focused on the Williams Brook property, but prospecting and surface exploration work on its other properties have confirmed their potential for significant gold mineralization.
About Puma Exploration
Puma Exploration is a Canadian mineral exploration company focused on identifying and developing a pipeline of precious metals projects in New Brunswick, near Canada's Renowned Bathurst Mining Camp. Puma has a long history in Northern New Brunswick, having worked on regional projects for over 15 years. Puma's successful exploration methodology, which combines traditional prospecting methods with detailed trenching and cutting-edge technologies such as Artificial Intelligence, has been instrumental in facilitating an understanding of the region's geology and associated mineralized systems. Armed with geophysical surveys, geochemical data, and consultants' expertise, Puma has developed a cost-effective exploration tool to discover gold at shallow depths and maximize drilling results.
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Visit www.explorationpuma.com for more information, or contact:
Marcel Robillard, President and CEO.
(418) 750-8510; president@explorationpuma.com
Mia Boiridy, Head of Investor Relations and Corporate Development.
(250) 575-3305; mboiridy@explorationpuma.com
Neither the 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.
Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve several known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, or achievements of Puma to differ materially from those 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. The quarterly and annual reports and the documents submitted to the securities administration describe these risks and uncertainties.
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FAQ
What did Puma (PUMXF) report about the 2025 Lynx drilling on October 15, 2025?
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Who funded Puma's 2025 Lynx drilling program and under what commitment?
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