- Puma Exploration is adding two additional properties at its Williams Brook property in New Brunswick
- Collectively, the acquisitions make up 60 claims, totalling 1,370 hectares
- The deal increases the size of the company’s property to a total of 25,140 hectares
- The company acquired the Ten Miles Pool Road and Northwest Upsalquitch properties under distinct, separate agreements
- Puma Exploration is unchanged on the day, with shares of the company trading at C$0.18 at 10:13 am ET
Puma Exploration is adding two additional properties at its Williams Brook property in New Brunswick.
Collectively, the acquisitions make up 60 claims, totalling 1,370 hectares.
The deal increases the size of the company’s property to a total of 25,140 hectares.
The Williams Brook Gold property was the focus of the company’s 2020 exploration program and is part of the district-scale Triple Fault Gold Project, recently acquired in 2020 in New Brunswick.
“These new land additions further consolidate our considerable ground position, increasing our overall footprint to more than 251 square kilometers which cover the highly prospective and underexplored Williams Brook property, but most importantly the major Rocky-Brook-Millstream Fault,” said Puma Exploration President and CEO Marcel Robillard.
The company acquired the Ten Miles Pool Road and Northwest Upsalquitch properties under distinct, separate agreements.
Puma acquired a 100-per-cent undivided ownership interest in the Ten Miles Pool Road Property in exchange for issuing a total amount of 300,000 shares under a number of conditions.
Puma is acquiring a 100-per-cent undivided ownership interest in the Northwest Upsalquitch Property by issuing a total amount of 200,000 shares under according to several conditions.
Puma Exploration is a Canadian-based mineral exploration company with precious and base metals projects in early to advanced stages located in the Bathurst Mining Camp in New Brunswick.
The company’s goals revolve around deploying its DEAR strategy (Development, Exploration, Acquisition and Royalties) in order to generate maximum value for shareholders with low shares dilution.
Puma Exploration is unchanged on the day, with shares of the company trading at C$0.18 at 10:13 am ET.