06/17/2026
About the McKenzie Gold Project
Puma's 42,053 ha McKenzie Gold Project is easily accessible by paved highway and gravel roads and is located only 7 km west of the Company's Williams Brook Project (optioned to Kinross). It straddles the McKenzie Fault, a prominent structural feature associated with numerous occurrences of high-grade gold quartz veins, stockworks and breccias. Puma has confirmed 2 significant gold systems at McKenzie: the RIM Gold Vein and the Grog Area, located 30 km apart, demonstrating the district-scale potential of the project.
Extending Exposure to the McKenzie Fault
The southern block, comprising 129 units and 2,812 hectares, secures approximately five additional kilometres of the McKenzie Fault-a major regional structure associated with high-grade gold veins, including the RIM Gold Vein. Puma recently completed its initial shallow diamond drilling at RIM, totalling 43 NQ drill holes for 2,721.5 metres. This program provided first-pass drill coverage of the RIM vein corridor and delivered critical geological and structural data to refine future targets along this highly prospective fault system. Assays for all 43 drill holes are pending, with results to be released upon completion of analysis.
Other high-grade quartz-vein targets at McKenzie include the Bonanza and Dome showings that returned up to 362 g/t Au in Puma's 2023 trenching and sampling program, three kilometres south of the RIM Gold Vein (see October 25, 2023 News Release). Also, a preliminary structural study at the Dome showing found that the quartz vein is tightly folded and discordant to bedding, consistent with a strongly deformed vein environment. These new showings add further high-grade vein targets to Puma's expanded McKenzie land package along the Grog and RIM Gold Zones.
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