202616 releases
Puma Exploration Announces Kinross Gold Corporation’s Ongoing Commitment
Kinross Gold plans to fund another year of exploration at Puma Exploration's Williams Brook Project in Northern New Brunswick under the current Option Agreement. Year 3 includes a minimum $3M work commitment, pending Kinross Board approval, with the final budget and program to be confirmed before the 2026 year-end.
NewsPuma Exploration Announces Trenching at McKenzie Gold Project to Define Drill Targets
Mechanical trenching is underway at the 42,053 ha McKenzie Gold Project in Northern New Brunswick, following summer prospecting, mapping and drone magnetic surveying, with work focused on the RIM and Grog gold zones to define targets for fall/winter drilling. At RIM, trenching targets a 200-metre extension on both sides of the zone, where 2026 drilling returned 1.64 g/t Au over 7.75 m, 1.01 g/t Au over 10.40 m and 0.35 g/t Au over 17.20 m.
Drill resultsPuma Exploration Announces Results of its AGM
Puma Exploration Announces Trenching at McKenzie Gold Project to Define Drill Targets September 2, 2026 Read More
Corporate
202520 releases
Puma Exploration Closes Kinross $2M Private Placement
A $2,000,000 private placement with Kinross Gold Corporation has closed, with Kinross subscribing for 12,500,000 units at $0.16 per unit, each unit comprising one common share and one-half warrant exercisable at $0.25 until December 24, 2027, subject to acceleration if shares close at or above $0.40 for 30 consecutive trading days. Kinross increased its stake from 9.1% to 14.8% undiluted, now holding 29,550,577 shares and 6,250,000 warrants. No finder's fees were paid; proceeds fund exploration on projects not optioned to Kinross and working capital.
FinancingPuma Exploration Adds Second Drill at McKenzie Gold Project
Puma Exploration Announces Trenching at McKenzie Gold Project to Define Drill Targets September 2, 2026 Read More
Drill resultsPuma Exploration Samples up to 126 g/t Gold at McKenzie and Launches Inaugural Drilling Program
Grab sampling at the McKenzie Gold Project in Northern New Brunswick returned grades up to 126.96 g/t Au, 125.66 g/t Au, 84.41 g/t Au and 79.69 g/t Au, with 44 of 121 samples (36%) above 1.00 g/t Au from six trenches covering about 355 metres. Summer trenching and stripping extended the RIM Gold Zone 100 metres along strike, with the vein system spanning 35 metres wide in the north. An inaugural 2,500 m drilling program testing the RIM Gold Zone begins this week.
Drill resultsPuma Exploration Samples 19.55 g/t Gold and 3.32% Copper at its Jonpol Property
Surface sampling at the Jonpol Property, part of the Williams Brook Project in New Brunswick optioned to Kinross Gold, returned grab samples grading up to 19.55 g/t gold and 3.32% copper. Ten trenches totalling 809 metres yielded 169 samples, of which 12 exceeded 0.50 g/t Au, with trench T25-10 also returning 5.64 g/t Au and 2.32% Cu. Puma says the Ramsay Brook Fault could host a gold trend over at least two kilometres.
Drill resultsPuma Exploration Announces Ongoing Commitment from Kinross Gold Corporation
Kinross Gold Corporation has committed to year 2 of its Option Agreement on the Williams Brook Project in Northern New Brunswick, including a minimum $3M work commitment, pending Kinross board approval, with Kinross acting as operator for the second-year program. The 40,225 ha project comprises the Williams Brook, Jonpol and Portage Properties, and Kinross can earn a 65% interest by funding at least $16,750,000 in exploration expenditures over five years. The final budget and program will be announced once defined by the technical committee.
FinancingPuma Exploration Reports up to 68.90 g/t Gold over 0.50 m in Channels at the Lynx Gold Zone
Channel sampling at the Lynx Gold Zone on the Williams Brook Gold Project in Northern New Brunswick returned 68.90 g/t Au over 0.50 m, 54.40 g/t Au over 0.90 m, 53.00 g/t Au over 0.60 m, 48.00 g/t Au over 0.50 m and 34.50 g/t Au over 0.50 m. The 2025 program cut 146 channels over a 750 m by 50 m area, with 55 of 411 samples grading above 1 g/t Au. Williams Brook is optioned to Kinross Gold, which can earn 65% by funding $16.75M in exploration over five years.
Drill resultsPuma Exploration Concludes 2025 Drilling at Lynx, VG Observed in Several Holes
The 2025 drilling program at the Lynx Gold Zone of the Williams Brook Gold Project in Northern New Brunswick has been completed, totalling 3,662 m in 15 drill holes, with visible gold observed in 6 holes and all but one hole intercepting the rhyolite/sediment contact. Mineralization now extends 800 m along strike, 50 m wide and to 250 m vertical depth; assays are pending. The program was funded by Kinross under its C$2 million 2025 commitment. Puma also granted 4.5 million options at $0.18 until October 15, 2029.
Drill results
202424 releases
Puma Confirms 4 km Extension of Lynx Gold Trend
Drill results