10:44 AM EDT, 04/04/2024 (MT Newswires) -- Puma Exploration Inc. ( PUMXF ) was at last look on Thursday up more than 20% after reporting an update on the ongoing 2,000-meter drilling program at the Tiger Gold Zone at its Williams Brook Gold Project in Northern New Brunswick.

Among the highlights, the company said it completed 15 holes with depths from 25 to 150 meters for a total of 875 meters. The holes were drilled 425 metres from the Lynx Gold Zone.

All holes intersected the targeted favorable gold-bearing horizon of quartz veins/stockwork in altered sediment and gabbro units. The company said it observed visible gold in hole WB24-151 in a quartz vein in altered gabbro. The same pervasive alteration corridor characteristic of the LGZ is observed at Tiger, Puma added.

"Following these observations, we have expanded our drilling program by adding scouting drill holes along another 2-kilometre extension. With our exploration program fully funded, our focus is to grow the scale and resource along the Lynx Gold Trend in 2024," Marcel Robillard, president and CEO of Puma, said.

Price: 0.13, Change: +0.02, Percent Change: +23.81