Results From Annual Meeting of Shareholders
RIMOUSKI, Québec, Sept. 04, 2018 -- Puma Exploration Inc. (PUMA-TSXV) (the “Company” or “Puma”) announces that all resolutions that were presented at the annual meeting on August 30th, were approved by the shareholders.
These proposals included the appointment of directors and auditors. A total of shareholders representing more than 27% of the capital stock of the Company have voted positively on these proposals. Directors have been elected to the Board with an approval rate of 77% or more for each of the following candidates: Messrs Marcel Robillard, Arness W.R. Cordick, Richard Thibault and Raphael Fournier.
In addition, during the meeting of the Board of directors that followed the AGM, Mr. Marcel Robillard was re-elected president and CEO and Mr. Cordick Chairman of the Board of directors. Mr. Dominique Gagné was re-elected to the position of Vice President Exploration, while Mrs. Ginette G. Brisson was re-elected to the positions of CFO and Secretary. Messrs Richard Thibault, Marcel Robillard and Raphael Fournier will form the audit committee.
“On behalf of the Board of directors, I would like to thank Mrs. Anne Slivitzky for her contribution and her commitment to Puma over the years. Mrs. Slivitzky was involved with the Company since the beginning and was instrumental to our development. I wish to Anne good luck in her future projects”, states Mr. Marcel Robillard, President and CEO of the Company.
The Murray Brook Deposit
The Murray Brook Deposit, which is the essence of the Strategic Alliance between Puma Exploration Inc. and Trevali Mining Corp. (TV-TSX) (“Trevali”), is located 10 kilometers west of Trevali’s Caribou Mine and 10 kilometers east of Trevali’s Restigouche Deposit in the Bathurst Mining Camp of New Brunswick, Canada.
The deposit has a measured mineral resource of 3.68 million tonnes grading 5.57% Zn, 1.87% Pb, 0.36% Cu, 70.5 g/t Ag and 0.56 g/t Au, plus indicated mineral resources of 1.60 million tonnes grading 4.48% Zn, 1.63% Pb, 0.70% Cu, 65.3 g/t Ag and 0.88 g/t Au (for a combined measured and indicated resource of 5.28 million tonnes averaging 5.24% Zn, 1.80% Pb, 0.46% Cu, 68.9 g/t Ag and 0.65 g/t Au containing approximately 610 million pounds of Zinc, 209 million pounds of Lead and 11.7 million ounces of Silver, as of December 21, 2016.
The core of the mineral resource occurs in the West Zone (Zinc-Lead) which is 200 meters wide, extending from surface to 300 meters vertical and the true thickness of the Massive Sulphide body varies from 75 meters to 100 meters. The East Zone (Copper-Gold) is 100 meters wide, also extending from surface to 300 vertical meters and is mainly mineralized with Gold and Copper. On February 20, 2017, a NI 43-101 report was filed on SEDAR.
About Puma Exploration Inc.
Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The Company's major assets consist of an option to acquire 100% beneficial interest in the Murray Brook Property, the Turgeon Zinc-Copper Project and the Nicholas-Denys Project, all located in New Brunswick. Also, Puma owns an equity interest in BWR Resources, Manitoba. Puma’s objective is to focus its exploration efforts in New Brunswick.
Qualified Persons
Technical information provided in this news release was prepared and reviewed by Marcel Robillard, P.Geo., President, and Dominique Gagné, P.Geo., Vice President Exploration of Puma Exploration, qualified persons as defined by NI 43-101. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Mr. Robillard and Mr. Gagné are not independent of the Company, as both are officers and shareholders thereof.
Learn more by consulting www.pumaexploration.com for further information on Puma Exploration Inc.
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Marcel Robillard, President
Tel.: (418) 724-0901
Email: president@explorationpuma.com
Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Puma Exploration Inc. 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 Exploration 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.
