# Puma Exploration Intersects 5.11 g/t Au over 6.60 m, Including 66.10 g/t Au over 0.50 m at Lynx Gold Zone

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc

Original source: https://money.tmx.com/en/quote/PUMA/news/5886210928531329/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over-

Publisher: tmx

Original announcement: 2026-02-04T15:39:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Puma Exploration Inc.

- Ticker: PUMA

- Exchange: TSX

- Region: Northern New Brunswick

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Drill results

- Extracted: 2026-09-14 18:53:55 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Puma Exploration announced high-grade gold drill results from its Lynx Gold Zone at the Williams Brook Gold Project, including 5.11 g/t Au over 6.60 m, which contained a bonanza intercept of 66.10 g/t Au over 0.50 m. The 2025 drilling program successfully extended the Lynx Gold Zone to 800 m along strike and 250 m vertical depth, confirming mineralization continuity at depth and into fresh rock. The company also reported that Kinross Gold Corp. increased its ownership stake in Puma to 14.8% through a $2 million equity investment.

Reasoning: Puma Exploration reported high-grade gold intercepts, including a bonanza grade of 66.10 g/t Au, which significantly extends the known mineralization at the Lynx Gold Zone. The drilling successfully confirmed continuity at depth and expanded the zone's footprint, indicating strong exploration success. QA/QC is well-disclosed, adding confidence to the results, though true widths are not provided.

- Positive factor: High-grade gold intercept \(66.10 g/t Au over 0.50 m\) within a broader significant intercept \(5.11 g/t Au over 6.60 m\)

- Positive factor: Extension of the Lynx Gold Zone footprint to 800 m along strike and 250 m vertical depth

- Positive factor: Confirmation of mineralization continuity at depth and into fresh rock

- Positive factor: Systematic step-out and confirmation program met all objectives

- Positive factor: QA/QC procedures are disclosed, including certified lab and QP sign-off

- Negative factor: Intervals are reported as downhole lengths, not true widths

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 45

## Classification and evidence

**Bonanza Intercept**

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: The intercept of 66.10 g/t Au over 0.50 m is exceptionally high-grade, well above the deposit-type norm for orogenic gold.

Evidence · table

> 66.10

Context: 0.50

**Apparent Width Only**

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: The document explicitly states that 'Intervals are downhole core lengths and not true widths' in the footnotes of both assay tables.

Evidence · text

> Intervals are downhole core lengths and not true widths

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: The program is described as a 'systematic step-out' and successfully extended the Lynx Gold Zone footprint to the southwest and at greater depths.

Evidence · text

> The extension of the Lynx Gold Zone \("LGZ"\) footprint to the southwest and at greater depths constitutes a noteworthy development

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: The release details QA/QC procedures, including the use of ALS Chemex, certified gold standards, blanks, and follow-up analyses like gravity finish, Photon, and metallic screen, with a Qualified Person sign-off.

Evidence · text

> On-site Quality Assurance/Quality Control \(QA/QC\) Measures Drill cores are bagged, sealed, and sent to ALS Chemex in Moncton, N.B., where each sample is crushed and pulped before being fire-assayed Au-AA26 and ME-MS61. The remaining coarse reject portions of the samples are stored for further work or verification as needed. As part of its QA/QC program, the Company aims for a minimum rate of 7-8% of external certified gold standards \(ranging from low to high grade\) and blanks in each batch of samples submitted to the lab. Any sample returning 3g/t Au is analyzed using a gravity finish \(Au-GRA22\). Photon and metallic screen analyses were performed on selected samples. Qualified Person The scientific and technical content of this press release has been prepared, reviewed, and approved by Mr. Dominique Gagné, P.Geo., Vice President of Exploration, who is a "Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects \("NI 43-101"\)

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The program is described as a 'confirmation program' which aims to confirm the continuity of mineralization at depth.

Evidence · text

> The systematic step-out and confirmation program met all of its objectives: 1. successfully intersecting the favourable rhyolite/sediment contact; 2. confirming the continuity of mineralization at depth

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: The document mentions 'Composites are calculated as length-weighted averages over contiguous samples' but does not state the cut-off grade used for reporting intervals.

Evidence · text

> Composites are calculated as length-weighted averages over contiguous samples.

## Extracted facts

Stored fact records: 45. Some facts used in scoring do not have a stored record.

## Drill Results (45)

### WB25-176

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-0)

Williams Brook · gold

#### Identity

- Hole ID: WB25-176
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 0.19
- Grade Unit: g/t
- Intercept: 21.81 m
- From: 122.19 m
- To: 144 m
- Intercept Depth: 122.19 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-176:122.19-144
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This intercept shows a low grade for an orogenic gold deposit, indicating limited economic significance for this specific interval, though it contributes to the overall understanding of the mineralized zone.

- Negative factor: Low grade for orogenic gold deposit type

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 0.19

Context: 21.81

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-176

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-1)

Williams Brook · gold

#### Identity

- Hole ID: WB25-176
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 0.69
- Grade Unit: g/t
- Intercept: 2.06 m
- From: 122.19 m
- To: 124.25 m
- Intercept Depth: 122.19 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-176:122.19-124.25
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This sub-interval shows a low grade, which is not particularly material for an orogenic gold deposit, but provides detail within the broader mineralized zone.

- Negative factor: Low grade for orogenic gold deposit type

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 0.69

Context: 2.06

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-176

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-2)

Williams Brook · gold

#### Identity

- Hole ID: WB25-176
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 1.34
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 123.75 m
- To: 124.25 m
- Intercept Depth: 122.19 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-176:123.75-124.25
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This narrow sub-interval shows a grade that is not particularly high for an orogenic gold deposit, limiting its individual materiality.

- Negative factor: Narrow width

- Negative factor: Grade is below moderate for orogenic gold

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 1.34

Context: 0.50

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-176

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-3)

Williams Brook · gold

#### Identity

- Hole ID: WB25-176
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 0.42
- Grade Unit: g/t
- Intercept: 6 m
- From: 138 m
- To: 144 m
- Intercept Depth: 122.19 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-176:138-144
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This intercept shows a low grade for an orogenic gold deposit, indicating limited economic significance for this specific interval.

- Negative factor: Low grade for orogenic gold deposit type

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 0.42

Context: 6.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-176

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-4)

Williams Brook · gold

#### Identity

- Hole ID: WB25-176
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 1.13
- Grade Unit: g/t
- Intercept: 0.67 m
- From: 139.33 m
- To: 140 m
- Intercept Depth: 122.19 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-176:139.33-140
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This narrow sub-interval shows a grade that is not particularly high for an orogenic gold deposit, limiting its individual materiality.

- Negative factor: Narrow width

- Negative factor: Grade is below moderate for orogenic gold

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 1.13

Context: 0.67

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-176

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-5)

Williams Brook · gold

#### Identity

- Hole ID: WB25-176
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 1.42
- Grade Unit: g/t
- Intercept: 1.1 m
- From: 142.9 m
- To: 144 m
- Intercept Depth: 122.19 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-176:142.9-144
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This narrow sub-interval shows a grade that is not particularly high for an orogenic gold deposit, limiting its individual materiality.

- Negative factor: Narrow width

- Negative factor: Grade is below moderate for orogenic gold

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 1.42

Context: 1.10

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-177

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-6)

Williams Brook · gold

#### Identity

- Hole ID: WB25-177
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 0.21
- Grade Unit: g/t
- Intercept: 0.85 m
- From: 54.95 m
- To: 55.8 m
- Intercept Depth: 54.95 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-177:54.95-55.8
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This intercept shows a very low grade over a narrow width, indicating minimal economic significance.

- Negative factor: Very low grade for orogenic gold deposit type

- Negative factor: Narrow width

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 0.21

Context: 0.85

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-178

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-7)

Williams Brook · gold

#### Identity

- Hole ID: WB25-178
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 0.49
- Grade Unit: g/t
- Intercept: 13.1 m
- From: 55.95 m
- To: 69.05 m
- Intercept Depth: 55.95 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-178:55.95-69.05
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This intercept shows a low grade for an orogenic gold deposit, indicating limited economic significance for this specific interval.

- Negative factor: Low grade for orogenic gold deposit type

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 0.49

Context: 13.10

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-178

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-8)

Williams Brook · gold

#### Identity

- Hole ID: WB25-178
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 2.16
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 55.95 m
- To: 56.45 m
- Intercept Depth: 55.95 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-178:55.95-56.45
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This narrow sub-interval shows a grade that is below the moderate threshold for an orogenic gold deposit, limiting its individual materiality.

- Negative factor: Narrow width

- Negative factor: Grade is below moderate for orogenic gold

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 2.16

Context: 0.50

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-178

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-9)

Williams Brook · gold

#### Identity

- Hole ID: WB25-178
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 4.59
- Grade Unit: g/t
- Intercept: 1.15 m
- From: 67.9 m
- To: 69.05 m
- Intercept Depth: 55.95 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-178:67.9-69.05
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This narrow intercept shows a moderate grade for an orogenic gold deposit, contributing positively to the overall understanding of the zone.

- Positive factor: Moderate grade for orogenic gold deposit type

- Negative factor: Narrow width

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 4.59

Context: 1.15

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-178

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-10)

Williams Brook · gold

#### Identity

- Hole ID: WB25-178
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 6.97
- Grade Unit: g/t
- Intercept: 0.6 m
- From: 68.45 m
- To: 69.05 m
- Intercept Depth: 55.95 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-178:68.45-69.05
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This narrow sub-interval shows a strong grade for an orogenic gold deposit, indicating a high-grade component within the broader zone.

- Positive factor: Strong grade for orogenic gold deposit type

- Negative factor: Narrow width

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 6.97

Context: 0.60

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-181

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-11)

Williams Brook · gold

#### Identity

- Hole ID: WB25-181
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 5.11
- Grade Unit: g/t
- Intercept: 6.6 m
- From: 352.4 m
- To: 359 m
- Intercept Depth: 352.4 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-181:352.4-359
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This intercept represents a strong grade over a significant width, with an exceptional grade-thickness product, and confirms deep mineralization, making it highly material and novel.

- Positive factor: Strong grade for orogenic gold deposit type

- Positive factor: Significant width

- Positive factor: Exceptional grade-thickness product \(33.73 g/t·m\)

- Positive factor: Deepest visible gold occurrence drilled to date, confirming mineralization at depth

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 5.11

Context: 6.60

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-181

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-12)

Williams Brook · gold

#### Identity

- Hole ID: WB25-181
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 18.7
- Grade Unit: g/t
- Intercept: 1.8 m
- From: 355.2 m
- To: 357 m
- Intercept Depth: 352.4 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-181:355.2-357
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This sub-interval shows an exceptional grade over a moderate width, contributing significantly to the overall high-grade nature of the main intercept and confirming deep mineralization.

- Positive factor: Exceptional grade for orogenic gold deposit type

- Positive factor: Strong grade-thickness product \(33.66 g/t·m\)

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 18.70

Context: 1.80

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-181

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-13)

Williams Brook · gold

#### Identity

- Hole ID: WB25-181
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 66.1
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 355.2 m
- To: 355.7 m
- Intercept Depth: 352.4 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-181:355.2-355.7
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This bonanza-grade intercept, despite its narrow width, is highly material and novel, representing the deepest visible gold occurrence and a significant high-grade component within the broader zone.

- Positive factor: Bonanza grade for orogenic gold deposit type

- Positive factor: Exceptional grade-thickness product \(33.05 g/t·m\)

- Positive factor: Deepest visible gold occurrence drilled to date

- Negative factor: Narrow width

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 66.10

Context: 0.50

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-182

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-14)

Williams Brook · gold

#### Identity

- Hole ID: WB25-182
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 0.22
- Grade Unit: g/t
- Intercept: 5.1 m
- From: 183.01 m
- To: 188.11 m
- Intercept Depth: 183.01 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-182:183.01-188.11
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This intercept shows a very low grade, indicating minimal economic significance for this specific interval.

- Negative factor: Very low grade for orogenic gold deposit type

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 0.22

Context: 5.10

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-182

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-15)

Williams Brook · gold

#### Identity

- Hole ID: WB25-182
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 1.22
- Grade Unit: g/t
- Intercept: 0.84 m
- From: 184.9 m
- To: 185.74 m
- Intercept Depth: 183.01 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-182:184.9-185.74
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This narrow sub-interval shows a grade that is not particularly high for an orogenic gold deposit, limiting its individual materiality.

- Negative factor: Narrow width

- Negative factor: Grade is below moderate for orogenic gold

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 1.22

Context: 0.84

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-183

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-16)

Williams Brook · gold

#### Identity

- Hole ID: WB25-183
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 1.88
- Grade Unit: g/t
- Intercept: 1 m
- From: 193 m
- To: 194 m
- Intercept Depth: 193 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-183:193-194
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This narrow intercept shows a grade that is not particularly high for an orogenic gold deposit, limiting its individual materiality.

- Negative factor: Narrow width

- Negative factor: Grade is below moderate for orogenic gold

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 1.88

Context: 1.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-184

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-17)

Williams Brook · gold

#### Identity

- Hole ID: WB25-184
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 0.18
- Grade Unit: g/t
- Intercept: 9.29 m
- From: 183.69 m
- To: 192.98 m
- Intercept Depth: 183.69 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-184:183.69-192.98
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This intercept shows a very low grade, indicating minimal economic significance for this specific interval.

- Negative factor: Very low grade for orogenic gold deposit type

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 0.18

Context: 9.29

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-184

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-18)

Williams Brook · gold

#### Identity

- Hole ID: WB25-184
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 0.33
- Grade Unit: g/t
- Intercept: 3.2 m
- From: 189.78 m
- To: 192.98 m
- Intercept Depth: 183.69 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-184:189.78-192.98
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This sub-interval shows a very low grade, indicating minimal economic significance.

- Negative factor: Very low grade for orogenic gold deposit type

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 0.33

Context: 3.20

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-184

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-19)

Williams Brook · gold

#### Identity

- Hole ID: WB25-184
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 1.23
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 192.48 m
- To: 192.98 m
- Intercept Depth: 183.69 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-184:192.48-192.98
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This narrow sub-interval shows a grade that is not particularly high for an orogenic gold deposit, limiting its individual materiality.

- Negative factor: Narrow width

- Negative factor: Grade is below moderate for orogenic gold

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 1.23

Context: 0.50

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-185

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-20)

Williams Brook · gold

#### Identity

- Hole ID: WB25-185
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 0.66
- Grade Unit: g/t
- Intercept: 2.21 m
- From: 151.79 m
- To: 154 m
- Intercept Depth: 151.79 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-185:151.79-154
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This intercept shows a low grade, indicating limited economic significance for this specific interval.

- Negative factor: Low grade for orogenic gold deposit type

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 0.66

Context: 2.21

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-185

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-21)

Williams Brook · gold

#### Identity

- Hole ID: WB25-185
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 2.31
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 151.79 m
- To: 152.29 m
- Intercept Depth: 151.79 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-185:151.79-152.29
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This narrow sub-interval shows a grade that is below the moderate threshold for an orogenic gold deposit, limiting its individual materiality.

- Negative factor: Narrow width

- Negative factor: Grade is below moderate for orogenic gold

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 2.31

Context: 0.50

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-185

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-22)

Williams Brook · gold

#### Identity

- Hole ID: WB25-185
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 1.48
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 185.55 m
- To: 186.05 m
- Intercept Depth: 151.79 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-185:185.55-186.05
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This narrow sub-interval shows a grade that is not particularly high for an orogenic gold deposit, limiting its individual materiality.

- Negative factor: Narrow width

- Negative factor: Grade is below moderate for orogenic gold

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 1.48

Context: 0.50

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-185

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-23)

Williams Brook · gold

#### Identity

- Hole ID: WB25-185
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 0.88
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 204.35 m
- To: 204.85 m
- Intercept Depth: 151.79 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-185:204.35-204.85
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This narrow sub-interval shows a low grade, indicating minimal economic significance.

- Negative factor: Narrow width

- Negative factor: Low grade for orogenic gold deposit type

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 0.88

Context: 0.50

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-186

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-24)

Williams Brook · gold

#### Identity

- Hole ID: WB25-186
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 0.3
- Grade Unit: g/t
- Intercept: 0.74 m
- From: 210.21 m
- To: 210.95 m
- Intercept Depth: 210.21 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-186:210.21-210.95
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This intercept shows a very low grade over a narrow width, indicating minimal economic significance.

- Negative factor: Very low grade for orogenic gold deposit type

- Negative factor: Narrow width

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 0.30

Context: 0.74

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-187

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-25)

Williams Brook · gold

#### Identity

- Hole ID: WB25-187
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 0.76
- Grade Unit: g/t
- Intercept: 11.35 m
- From: 200.65 m
- To: 212 m
- Intercept Depth: 200.65 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-187:200.65-212
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This intercept shows a low grade for an orogenic gold deposit, indicating limited economic significance for this specific interval.

- Negative factor: Low grade for orogenic gold deposit type

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 0.76

Context: 11.35

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-187

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-26)

Williams Brook · gold

#### Identity

- Hole ID: WB25-187
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 1.71
- Grade Unit: g/t
- Intercept: 4.5 m
- From: 201.84 m
- To: 206.34 m
- Intercept Depth: 200.65 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-187:201.84-206.34
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This sub-interval shows a grade that is below the moderate threshold for an orogenic gold deposit, limiting its individual materiality.

- Negative factor: Grade is below moderate for orogenic gold

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 1.71

Context: 4.50

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-187

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-27)

Williams Brook · gold

#### Identity

- Hole ID: WB25-187
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 3.47
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 201.84 m
- To: 202.34 m
- Intercept Depth: 200.65 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-187:201.84-202.34
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This narrow sub-interval shows a moderate grade for an orogenic gold deposit, contributing positively to the overall understanding of the zone.

- Positive factor: Moderate grade for orogenic gold deposit type

- Negative factor: Narrow width

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 3.47

Context: 0.50

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-187

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-28)

Williams Brook · gold

#### Identity

- Hole ID: WB25-187
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 1.8
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 202.84 m
- To: 203.34 m
- Intercept Depth: 200.65 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-187:202.84-203.34
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This narrow sub-interval shows a grade that is not particularly high for an orogenic gold deposit, limiting its individual materiality.

- Negative factor: Narrow width

- Negative factor: Grade is below moderate for orogenic gold

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 1.80

Context: 0.50

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-187

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-29)

Williams Brook · gold

#### Identity

- Hole ID: WB25-187
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 7.46
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 204.84 m
- To: 205.34 m
- Intercept Depth: 200.65 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-187:204.84-205.34
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This narrow sub-interval shows a strong grade for an orogenic gold deposit, indicating a high-grade component within the broader zone.

- Positive factor: Strong grade for orogenic gold deposit type

- Negative factor: Narrow width

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 7.46

Context: 0.50

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-187

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-30)

Williams Brook · gold

#### Identity

- Hole ID: WB25-187
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 1.9
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 205.84 m
- To: 206.34 m
- Intercept Depth: 200.65 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-187:205.84-206.34
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This narrow sub-interval shows a grade that is not particularly high for an orogenic gold deposit, limiting its individual materiality.

- Negative factor: Narrow width

- Negative factor: Grade is below moderate for orogenic gold

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 1.90

Context: 0.50

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-188

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-31)

Williams Brook · gold

#### Identity

- Hole ID: WB25-188
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 1.82
- Grade Unit: g/t
- Intercept: 7.85 m
- From: 136.25 m
- To: 144.1 m
- Intercept Depth: 136.25 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-188:136.25-144.1
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This intercept shows a grade that is below the moderate threshold for an orogenic gold deposit, limiting its individual materiality.

- Negative factor: Grade is below moderate for orogenic gold

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 1.82

Context: 7.85

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-188

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-32)

Williams Brook · gold

#### Identity

- Hole ID: WB25-188
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 27.3
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 136.25 m
- To: 136.75 m
- Intercept Depth: 136.25 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-188:136.25-136.75
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This narrow sub-interval shows an exceptional grade, indicating a significant high-grade component within the broader zone.

- Positive factor: Exceptional grade for orogenic gold deposit type

- Positive factor: Strong grade-thickness product \(13.65 g/t·m\)

- Negative factor: Narrow width

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 27.30

Context: 0.50

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-188

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-33)

Williams Brook · gold

#### Identity

- Hole ID: WB25-188
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 0.43
- Grade Unit: g/t
- Intercept: 9.15 m
- From: 165.75 m
- To: 174.9 m
- Intercept Depth: 136.25 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-188:165.75-174.9
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This intercept shows a low grade, indicating limited economic significance for this specific interval.

- Negative factor: Low grade for orogenic gold deposit type

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 0.43

Context: 9.15

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-188

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-34)

Williams Brook · gold

#### Identity

- Hole ID: WB25-188
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 0.45
- Grade Unit: g/t
- Intercept: 2 m
- From: 165.75 m
- To: 167.75 m
- Intercept Depth: 136.25 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-188:165.75-167.75
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This sub-interval shows a low grade, indicating minimal economic significance.

- Negative factor: Low grade for orogenic gold deposit type

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 0.45

Context: 2.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-188

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-35)

Williams Brook · gold

#### Identity

- Hole ID: WB25-188
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 0.79
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 167.25 m
- To: 167.75 m
- Intercept Depth: 136.25 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-188:167.25-167.75
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This narrow sub-interval shows a low grade, indicating minimal economic significance.

- Negative factor: Narrow width

- Negative factor: Low grade for orogenic gold deposit type

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 0.79

Context: 0.50

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-188

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-36)

Williams Brook · gold

#### Identity

- Hole ID: WB25-188
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 1.03
- Grade Unit: g/t
- Intercept: 2.9 m
- From: 172 m
- To: 174.9 m
- Intercept Depth: 136.25 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-188:172-174.9
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This intercept shows a grade that is not particularly high for an orogenic gold deposit, limiting its individual materiality.

- Negative factor: Grade is below moderate for orogenic gold

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 1.03

Context: 2.90

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-188

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-37)

Williams Brook · gold

#### Identity

- Hole ID: WB25-188
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 3.23
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 172.9 m
- To: 173.4 m
- Intercept Depth: 136.25 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-188:172.9-173.4
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This narrow sub-interval shows a moderate grade for an orogenic gold deposit, contributing positively to the overall understanding of the zone.

- Positive factor: Moderate grade for orogenic gold deposit type

- Negative factor: Narrow width

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 3.23

Context: 0.50

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-189

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-38)

Williams Brook · gold

#### Identity

- Hole ID: WB25-189
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 0.32
- Grade Unit: g/t
- Intercept: 6.2 m
- From: 236.2 m
- To: 242.4 m
- Intercept Depth: 236.2 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-189:236.2-242.4
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This intercept shows a very low grade, indicating minimal economic significance for this specific interval.

- Negative factor: Very low grade for orogenic gold deposit type

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 0.32

Context: 6.20

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-189

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-39)

Williams Brook · gold

#### Identity

- Hole ID: WB25-189
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 1.33
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 236.7 m
- To: 237.2 m
- Intercept Depth: 236.2 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-189:236.7-237.2
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This narrow sub-interval shows a grade that is not particularly high for an orogenic gold deposit, limiting its individual materiality.

- Negative factor: Narrow width

- Negative factor: Grade is below moderate for orogenic gold

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 1.33

Context: 0.50

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-189

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-40)

Williams Brook · gold

#### Identity

- Hole ID: WB25-189
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 1.98
- Grade Unit: g/t
- Intercept: 0.6 m
- From: 240 m
- To: 240.6 m
- Intercept Depth: 236.2 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-189:240-240.6
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This narrow sub-interval shows a grade that is not particularly high for an orogenic gold deposit, limiting its individual materiality.

- Negative factor: Narrow width

- Negative factor: Grade is below moderate for orogenic gold

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 1.98

Context: 0.60

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-190

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-41)

Williams Brook · gold

#### Identity

- Hole ID: WB25-190
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 0.62
- Grade Unit: g/t
- Intercept: 11.6 m
- From: 43.6 m
- To: 55.2 m
- Intercept Depth: 43.6 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-190:43.6-55.2
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This intercept shows a low grade, indicating limited economic significance for this specific interval.

- Negative factor: Low grade for orogenic gold deposit type

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 0.62

Context: 11.60

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-190

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-42)

Williams Brook · gold

#### Identity

- Hole ID: WB25-190
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 1.05
- Grade Unit: g/t
- Intercept: 6.4 m
- From: 43.6 m
- To: 50 m
- Intercept Depth: 43.6 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-190:43.6-50
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This sub-interval shows a grade that is below the moderate threshold for an orogenic gold deposit, limiting its individual materiality.

- Negative factor: Grade is below moderate for orogenic gold

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 1.05

Context: 6.40

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-190

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-43)

Williams Brook · gold

#### Identity

- Hole ID: WB25-190
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 1.49
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 43.6 m
- To: 44.1 m
- Intercept Depth: 43.6 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-190:43.6-44.1
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This narrow sub-interval shows a grade that is not particularly high for an orogenic gold deposit, limiting its individual materiality.

- Negative factor: Narrow width

- Negative factor: Grade is below moderate for orogenic gold

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 1.49

Context: 0.50

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

### WB25-190

[Link to this fact](https://atlas-extractions.minestarters.com/news/puma-exploration-intersects-5-11-g-t-au-over-6-60-m-including-66-10-g-t-au-over--893f5288-94bd-434c-afd1-58ec4ddfe0cc#fact-drill-facts-44)

Williams Brook · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: WB25-190
- Project: Williams Brook
- Commodity: gold
- Region: canada\_nb
- Reported Region: canada\_nb
- Ticker: PUMA

#### Geometry

- Grade: 4.09
- Grade Unit: g/t
- Intercept: 1 m
- From: 48.1 m
- To: 49.1 m
- Intercept Depth: 43.6 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: WB25-190:48.1-49.1
- Mining Method: unknown

#### Location

- Location: Lynx Gold Zone
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-02-04T00:00:00.000Z

Reasoning: This narrow intercept shows a moderate grade for an orogenic gold deposit and contributes to expanding the mineralized envelope, adding positive materiality.

- Positive factor: Moderate grade for orogenic gold deposit type

- Positive factor: Expanded the known mineralized envelope 50 m to the SW

- Negative factor: Narrow width

- Negative factor: Interval reported as downhole length, not true width

Evidence · table

> 4.09

Context: 1.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "This optimized drill orientation identified high-grade gold shoots within a broader mineralized envelope, including the "

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.
