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Puma Exploration Focused on Building a Gold Camp at its Williams Brook Gold Project

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RIMOUSKI, Quebec, May 25, 2023 (GLOBE NEWSWIRE) — Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the “Company” or “Puma”) is pleased to announce its 2023 exploration strategy and objectives at its 100%-owned Williams Brook Gold Project in Northern New Brunswick, Atlantic Canada. The Company aims to build gold ounces at the Lynx Gold Zone (“LGZ”) and increase the gold inventory of the extensive property package.

About 70% of Puma’s exploration budget will be deployed at the Lynx Gold Zone (“LGZ”), wherein 2021, 5.55 g/t Au over 50.15 m was intersected from surface, including two (2) main high-grade intercepts of 9.88 g/t Au over 8.60 m and 46.94 g/t Au over 3.85 m (see Sept. 15, 2021 News release). The remaining 30% of the budget will be directed on priority targets to identify new gold deposits on the entire 44,650-ha property package (Figure 1). The Company has received all work permits, including drilling permits, for its planned 2023 exploration programs.

Figure 1. Main gold showings and occurrences at the Williams Brook Gold Project

Main gold showings and occurrences at the Williams Brook Gold Project

Puma’s President and CEO Marcel Robillard commented: “We continue to believe that the Williams Brook Gold Project is highly prospective for additional gold discoveries. Our work is focused on advancing exploration most efficiently and cost-effectively to prove that satellite gold deposits exist at Williams Brook and that the project has the potential to host millions of ounces of gold. We are committed to building a gold camp at Williams Brook and are excited about what lies ahead for Puma in 2023.

The 2023 Exploration Program

Located near the main highway, the Williams Brook Gold Project has excellent infrastructure access, facilitating exploration. The nearby towns of St-Quentin and Bathurst have a history of forestry and mining. The local communities support the industry and host a skilled labour force (Figure 2).

Figure 2. Williams Brook Gold Project in Northern New Brunswick

Williams Brook Gold Project in Northern New Brunswick

Puma has a long history in Northern New Brunswick. Having worked on projects in the region for more than 15 years. As a first mover, the Company quickly and strategically accumulated an impressive 60,554 ha of prospective gold landholdings in the area. Puma’s successful exploration methodology combines old prospection methods with detailed trenching to facilitate an understanding of the geology and related mineralized systems with up-to-date technology, such as Artificial Intelligence (“AI”). With excellent geophysical surveys, geochemical data and consultants’ expertise, Puma has developed a perfect low-cost exploration tool to discover gold at shallow depths and maximize drilling results.

The Lynx Gold Zone – 70% of the 2023 exploration budget

Since 2021, Puma has systematically drilled 13,100 m at the LGZ to target gold-bearing quartz veins found at the contact between rhyolite and sediments. A gold zone has now been defined 750 m along strike, 75 m wide and to a depth of ~100 m. Recent data compilation identified three (3) main areas of gold enrichment with several potential high-grade gold shoots that plunge 25 degrees NE (Figure 3). The 2023 drilling program will prioritize the extension of these high-grade gold shoots at depth and define the geometry of several high-grade gold veins containing disseminated sulphides with associated pathfinders (Ag-Bi-Cu-Pb-Sb-Te-Zn) for gold mineralization.

Figure 3. Gold enrichment drilling targets at the Lynx Gold Zone

Gold enrichment drilling targets at the Lynx Gold Zone

Table 1. Lynx Gold Zone drilling highlights

LYNX GOLD ZONE
Hole ID From (m) To (m) Interval (m) Au (g/t)
WB21-01 4.00 29.60 25.60 1.30
including 4.00 9.40 5.40 5.10
WB21-02 0.00 50.15 50.15 5.55
including 7.20 15.80 8.60 9.88
including 45.60 49.45 3.85 46.94
WB21-06 1.50 50.20 48.70 1.16
including 29.00 49.70 20.70 2.73
including 46.80 49.70 2.90 16.92
WB21-09 15.00 51.00 36.00 1.07
including 15.00 18.40 3.40 8.04
WB21-12 28.40 69.00 40.60 1.00
including 28.60 33.50 4.90 5.80
WB21-16 2.30 109.40 107.10 0.62
including 42.95 88.35 45.40 1.00
including 80.00 88.35 8.35 5.11
WB21-17 103.70 114.50 10.80 2.13
WB22-25 1.40 36.75 35.35 3.12
including 2.00 5.00 3.00 34.93
WB22-26 20.20 58.00 37.80 0.92
including 20.20 34.50 14.30 2.18
including 25.50 27.10 1.60 14.06
WB22-36 3.80 25.90 22.10 3.97
including 3.80 8.35 4.55 15.72
WB22-39 8.30 33.00 24.70 1.23
including 21.70 29.00 7.30 4.05
WB22-57 2.70 15.00 12.30 4.30
including 12.40 13.85 1.45 35.09
WB22-58 8.00 31.00 23.00 1.15
including 8.00 12.90 4.90 5.08
WB22-66 30.60 73.40 42.80 2.77
including 32.00 34.00 2.00 10.70
including 66.25 73.4 7.15 13.49
WB22-94 52.8 80.3 27.5 1.6
including 52.8 70.3 17.5 2.46
WB22-96 56.9 82 25.1 2.17
including 56.9 60.5 3.6 14.9

Additional drill holes will target the lateral extension of the Lynx Gold Zone (LGZ) for about 3 km along strike towards the northeast. In 2022, trenching operations discovered additional gold mineralization at the favourable contact, as shown in Figure 4. Those areas are currently being trenched and stripped to identify priority drilling targets and prepare the drill set-up.

Figure 4. Lynx Gold Zone 3km lateral extension towards NE

Lynx Gold Zone 3km lateral extension towards NE

Highlights of the 2023 exploration program at the Lynx Gold Zone (LGZ)

  • Drill 2,500 m to extend gold mineralization to ~ 200 m depth (see Figure 3).
  • Extend the current stripping over selected, high-grade gold veins at surface.
  • Collect grab samples on newly excavated veins.
  • Drill 2,500 m of step-out drilling along the 3 km NE extension of the LGZ (see Figure 4).
  • Continue to advance the metallurgical study and evaluate the bulk sample.
  • Launch baseline environmental surveys.

Building the gold camp – 30% of the exploration budget

The Williams Brook Gold Project has significant potential beyond the currently defined Lynx Gold Zone. The LGZ itself has major expansion potential, and another three (3) gold zones (the Jaguar (“JGZ”), Cougar (“CGZ”) and Panthera (“PGZ) Gold Zones) have been identified at Williams Brook with impressive surface sampling results (see Oct.20, 2022, Nov. 2, 2022, and Jan.19, 2023, News Releases). Expanded stripping and trenching programs on previously identified gold occurrences will be undertaken to identify future drilling targets. Puma will also apply its successful low-cost discovery method to the other properties that comprise the Williams Brook Gold Project to identify other areas that could contribute to its gold inventory.

Highlights of the 2023 exploration program beyond the LGZ:

  • Expand trenching and sampling at the JGZ, CGZ and PGZ to identify future drilling targets.
  • Expand the LGZ beyond the currently identified 3 km NE extension. An excavator is already onsite, uncovering gold occurrences that have never been drilled. Additional sampling will identify targets for future drilling.
  • Prospect, map and sample other properties. A field crew, deployed the first week of May, continues to advance surface exploration at Jonpol. Sampling results will be announced when received.

Figure 5. The trenching operation currently in progress at the Williams Brook property

The trenching operation currently in progress at the Williams Brook property

About the Williams Brook Gold Project

Puma’s flagship Williams Brook Gold Project comprises six (6) claims blocks covering more than 44,650 ha in Northern New Brunswick, an established and mining-friendly jurisdiction, near paved roads and with excellent infrastructure nearby. The land package is located near the Rocky Brook Millstream Fault (“RBMF”), a major regional structure formed during the Appalachian Orogeny and a significant control for gold deposition in the region.

Since 2021, and with only $7M of exploration investment, Puma has made four (4) significant gold discoveries at the Williams Brook property – the Lynx, Cougar, Jaguar and Panthera Gold Zones, with gold mineralization hosted in quartz veins at surface. The Lynx Gold Zone remains the company’s focus. Still, Puma believes that a large orogenic/epithermal gold system is present at Williams Brook and is focused on building a gold camp on the large property package.

Qualified Person

The technical information of this release was reviewed and approved by Dominique Gagne, PGeo, a consultant of Puma and a qualified person as defined by the National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

On-Site Quality Assurance/Quality Control (“QA/QC”) Measures

Drill core samples are bagged, sealed and sent to the facility of ALS CHEMEX in Moncton, New Brunswick, where each sample is crushed and pulped before being fire-assayed (Au-ICP21). The remaining coarse reject portions of the samples remain in storage for further work or verification as needed. As part of its QA/QC program, the Company inserts external gold standards (low to high grade) and blanks every 20 samples in addition to standards, blanks, and duplicates. All samples over 10 g/t gold or with abundant visible gold are analyzed with a gravity finish (Au-GRA22). Check assays are routinely performed for samples with visible gold to ascertain the gold content of the mineralization zone.

Upcoming Webinar

Puma invites shareholders and other interested parties to participate in a webinar on Thursday, June 1, 2023, at 4:00 pm EDT. Marcel Robillard, President and CEO, will provide an overview of the 2023 Exploration Program and answer questions.

Click on https://us06web.zoom.us/webinar/register/WN_Bfn8lQPNQYWhHreP_9ogRQ to register.

Upcoming Gold Investor Events

Puma invites shareholders and interested parties to schedule a meeting at the upcoming conferences to discuss the Company’s recent news and proposed developments:

The Mining Investment Event of the North
Voltigeurs de Québec Armoury
June 19-21, 2023
Register for the event at VID Conferences | THE Event 2023

Please book your appointment with Mia Boiridy, Head of Investor Relations, at [email protected]

About Puma Exploration

Puma Exploration is a Canadian-based mineral exploration company with precious metals projects near New Brunswick, Canada’s Famous Bathurst Mining Camp (“BMC”). The Company is committed to deploying its DEAR strategy (Development, Exploration, Acquisition, and Royalties) to generate maximum value for shareholders with low share dilution.

Connect with us on Facebook / Twitter / LinkedIn.
Visit www.explorationpuma.com for more information or contact:

Marcel Robillard, President and CEO, (418) 750-8510;
[email protected]

Mia Boiridy, Head of Investor Relations and Corporate Development, (250) 575-3305; [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve several known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Puma to be materially different from actual future results and achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made, except as required by law. Puma undertakes no obligation to publicly update or revise any forward-looking statements. These risks and uncertainties are described in the quarterly and annual reports and in the documents submitted to the securities administration.

Figures accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/1b338ae6-08fa-4eef-a73d-8975182eb865
https://www.globenewswire.com/NewsRoom/AttachmentNg/e1ddc1ba-04c8-4d69-bc24-595968212242
https://www.globenewswire.com/NewsRoom/AttachmentNg/f6c6aaca-0d98-4873-ac91-f543a36e96e9
https://www.globenewswire.com/NewsRoom/AttachmentNg/9cc5035a-3f6d-4fda-a2d4-626fa270cfe3
https://www.globenewswire.com/NewsRoom/AttachmentNg/269be176-ef50-419b-b07f-79c1f8d73cbc

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Confluence former executive joins fintech Premialab

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James Carrington, a former executive at Confluence, Investment Metrics, Style Analytics has joined fintech Premialab. He brings extensive client engagement expertise in investment analytics and data for the institutional investment community.
LONDON, Feb. 27, 2024 /PRNewswire/ — Premialab, the financial data and analytics firm, announced today the appointment of James Carrington as Head of Client Engagement. Mr. Carrington, based in London, will spearhead global client engagement, leveraging over 10 years of experience in driving client engagement gained at Investment Metrics, Style Analytics, and most recently at Confluence, part of the Clearlake Capital Group portfolio. His primary focus will be on enabling faster tailor-made investment analytics delivery and data integration for Premialab’s pension funds, foundations, endowments, and insurance clients.

Adrien Geliot, Co-Founder & Chief Executive Officer of Premialab, said, “I am delighted to welcome James to the team. His appointment confirms our commitment to delivering first-class service to our customers across global locations. His experience in maximizing the value derived from investment analytics will be invaluable in serving our clients as we continue scaling our activities worldwide.”
Commenting on his appointment, James Carrington said, “I am delighted to have joined the Premialab team. Their innovative solution makes a real difference to institutional investors looking at quant investments. The evolution of Premialab over the last number of years has been something that I have followed closely, and I am looking forward to working with the team to further support our customer base across our established and emerging demographics.”
The announcement follows recent senior appointments at Premialab, including Philippe Jacson, former BNP Paribas, Merrill Lynch and MSCI executive; Daniel Fields, former Global Head of Markets at Societe Generale; John Macpherson, former Managing Director at Goldman Sachs, Citibank, and Nomura; Marc Fisher, former Managing Director at Citibank with a prior position at Deutsche Bank; and Georgios Sittas, former Managing Director at HSBC, Standard Chartered, and previously a director at Lehman Brothers.
Recognized as the reference for data and risk analytics on quantitative strategies, Premialab’s capital markets infrastructure is currently used by leading asset managers, insurance companies and pensions funds, accelerating their digitalization and enhancing performance and risk control while reducing costs. The platform’s client AUM is representing an estimated USD$10 trillion.
About Premialab
Premialab is an independent platform providing data, analytics and risk solutions on systematic and factor-based strategies in collaboration with leading investment banks and institutional investors globally. Combining intelligent technology with a unique source of information the platform empowers asset allocators to make better investment decisions whilst achieving utmost time and cost efficiency.
With offices in London, Paris, New York, Hong Kong, Sydney, and Dubai, its international team is dedicated to supporting a global client base with the most up-to-date risk premia dataset, advanced portfolio construction, performance and risk analytics. The firm has established strong partnerships with the top 18 investments banks, global asset managers, pensions funds and insurance companies.

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Axon Technologies and Keyrus Announce Strategic Partnership to Elevate Cybersecurity Business

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Keyrus Acquires Minority Stake in Axon Technologies, adding Axon’s Cybersecurity Portfolio to Keyrus Solutions, and Expanding Keyrus Reach across Middle East and Africa
PARIS and DUBAI, UAE, Feb. 27, 2024 /PRNewswire/ — In a significant development in the cybersecurity sector, Keyrus, an international leader in data intelligence and digital transformation, has announced the acquisition of a minority stake in Axon Technologies, a premier provider of cybersecurity services based in Dubai, UAE. This strategic investment marks a major milestone in Keyrus’ cybersecurity strategy, signalling an ambitious step towards establishing a global cybersecurity powerhouse.

Strategic Expansion and Enhanced Cybersecurity Solutions
The collaboration between Keyrus and Axon Technologies is set to revolutionize the cybersecurity landscape in the Middle East and Africa, particularly with Keyrus’ entry into the lucrative Saudi Arabian market. This move enables Keyrus to pursue its investment in a newly formed cybersecurity business, offering enhanced data security solutions to both existing and new clients.
Eric Cohen, Founder and CEO of Keyrus, expressed his enthusiasm: “This investment in Axon Technologies marks a significant step in our cybersecurity strategy. We’re embarking on an exciting journey to amplify our cybersecurity capabilities and establish a world-class global player in this domain. Axon Technologies’ innovative approach to consulting and managed services aligns perfectly with our vision and culture. We eagerly anticipate integrating Axon into our ecosystem to bolster our cybersecurity solutions and address the digital security challenges of our clients.”
Hadi Hosn, CEO of Axon Technologies, also shared his thoughts: “This partnership marks a new era for Axon Technologies, propelling us further in our mission to protect organizations from cyber threats. We admire the Keyrus vision and believe that our combined strengths will lead to disruptive data and cybersecurity solutions, addressing critical challenges in digital identity, application security, API, and data security across various environments and industries.”
Hadi Darwiche, Chairman of DIV Capital & Co-founder of Axon Technologies: “It’s gratifying to see Axon Technologies grow from a concept into a key player in the cybersecurity field. With Keyrus joining forces with us, we anticipate a period of sustained growth, leveraging our combined experience and established reputations. We are confident that together, Axon Technologies will continue to extend its market presence and deliver top-tier solutions.”
Comprehensive Cybersecurity Portfolio and Global Reach
In a relatively short period, Axon Technologies, founded in 2020, has emerged as a beacon of excellence and innovation in the cybersecurity field, demonstrating remarkable growth and agility in its operations. With a revenue of $3.2 million USD in 2023 and a projected substantial increase of the activities, it represents a testament to its robust business model, exceptional service delivery, and the trust clients place in Axon Technologies. The team made of 30 dedicated professionals is its most valuable asset. Axon Technologies commits to growing its team, fostering a culture of innovation, collaboration, and continuous learning.
Axon Technologies, renowned for its expertise in cybersecurity, will now be able to leverage Keyrus global presence and capabilities. With headquarters in Dubai and a significant footprint in the Middle East, Europe and Africa, Axon Technologies is well-positioned to monitor threats and support client cybersecurity programs across these regions effectively. With the backing of Keyrus’s global network, Axon Technologies is poised for unprecedented growth and are dedicated to setting new standards in the cybersecurity landscape.
The partnership is also expected to enhance the offerings of both companies. Axon Technologies’ expertise in Data Security, Cloud Security, DevSecOps and Managed Security Services aligns seamlessly with the Keyrus strategic objectives in digital, data, AI and cloud transformation initiatives.
About Axon Technologies
Axon Technologies offers comprehensive cybersecurity services including consulting, managed security services, engineering, and testing. The company is a leader in addressing critical infrastructure customers’ cybersecurity needs, from strategic consulting to hands-on management and technical security engineering support and managed security services, ensuring a robust and comprehensive approach to cybersecurity. The company’s service portfolio includes:
Technical Security Consulting & Advisory: Guidance and expertise for technical cybersecurity programs.Advanced Security Testing: Rigorous cybersecurity testing across the environment to identify and address vulnerabilities.Security Engineering & Architecture: Designing and implementing robust security architectures across on-premises and cloud environments.Managed Security Services: Ongoing management and support of cybersecurity operations. About Keyrus
Keyrus, an international player in the consulting and technology sectors and a specialist in data and digital technology, is dedicated to helping enterprises take advantage of the data and digital paradigm to enhance their performance, facilitate and accelerate their transformation, and generate new drivers of growth and competitiveness.
Placing innovation at the heart of its strategy, Keyrus develops a value proposition that is unique in the market and centred around five major service groups, each comprised of multiple solutions:
Automation and Artificial IntelligenceHuman-Centric Digital ExperienceData and Analytics enablementCloud and SecurityBusiness transformation and InnovationBuilding on the combined expertise of more than 3,500 employees active across 27 countries and 4 continents, Keyrus is one of the leading international experts in data, consulting and technology.
Keyrus is listed on Euronext Growth Paris. (ALKEY – ISIN Code: FR0004029411 – Reuters: KEYR.PA – Bloomberg: ALKEY: FP).
About DIV Capital
DIV Capital, originally starting as a family office, now operating as a strategic investment holding firm, specializing in bespoke advisory services. The firm focuses on fortifying family capital through comprehensive offerings that encompass support for early-stage enterprises, strategic asset allocation, and robust governance infrastructure development. The firm operates out of Geneva and Dubai and provides three core services:
Family Asset Support: Tailored support to construct an asset allocation that meets wealth goals.Family Financial Sponsorship: Reinforcement for family-operated businesses, aimed at fostering enduring value creation.Governance and Reporting: Consultation on governance frameworks and the enhancement of reporting standards for comprehensive asset oversight.Forward Looking Statements
Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. Axon Technologies, Keyrus or DIV Capital do not make any representation or warranty, express or implied, as to the accuracy, completeness or updated status of such statements. Therefore, in no case whatsoever will the companies and the affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages.
Contact: [email protected]
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NDC Group and Valantic form a strategic partnership in EPM solutions

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PRAGUE, Feb. 27, 2024 /PRNewswire/ — NDC Group, a leading company in enterprise performance management (EPM) consultancy and data analytics is pleased to announce a strategic partnership with valantic, renowned digital solutions, consulting, and tech innovation company. Through this partnership, the companies aim to offer a joint portfolio of solutions and services in SAP planning and analytics.

Central to this collaboration is the delivery of NDC Financial Consolidation, which offers an automated and streamlined approach to legal and managerial consolidation. While the solution draws inspiration from the concept and functions of previously popular SAP consolidation solutions, it utilizes the modern technologies to enhance automation, performance, user experience, and seamless data integration.
The partnership also gives the chance to offer additional products, including SAC workforce planning content, SAP BusinessObjects migration accelerators, and pre-built content for SAC financial planning. Overall, the combined expertise and product offering enhance the ability of both companies to support customers in driving data-driven transformations within their organizations.
Stefan Blinkmann, Head of SAP Analytics at valantic, emphasizes: “We are very pleased about our new partnership, and we are convinced that our customers will benefit greatly from it. Above all, the NDC Group’s products create added value in the area of consolidation based on SAP Analytics Cloud, and they expand valantic’s range of services. An integrated solution for reporting, planning, and consolidation in SAP Analytics Cloud provides multiple benefits for our customers and enables them to streamline their system landscape.”
Karel Jirik, Head of Products at NDC Group, is also convinced of the benefits of this collaboration: “Our partnership with valantic is an excellent opportunity to leverage the synergies between our teams to streamline and transform our customers’ data landscape. The jointly offered EPM solutions enable precise and swift decision-making and enhance operational efficiency, crucial elements in today’s competitive landscape. I’m particularly pleased we found a lot of commonalities with valantic, and I am convinced together we can deliver better solutions in a shorter time.”
Vladislav Stefanak, CEO of NDC Group, reflects on the partnership’s potential: “This partnership embodies my vision of equipping our clients with advanced functionalities reminiscent of those found in SAP BPC and SAP Financial Consolidation, yet significantly enhanced by leveraging top-tier SAP technologies. Our collaboration with valantic commenced with remarkable synergy from the outset, underpinned by their extensive expertise and knowledge base.”
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