Northwire Canada EditionWednesday, November 11, 2026
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Gold 4,050.80 +0.5% Silver 52.85 +3.2% Copper 6.29 +1.0% Oil 87.19 +1.3% Palladium 1,078.75 +5.7% HART 0.150 −6.2% LVG 0.325 −1.5% ALS 53.01 −2.2% AHR 0.930 −2.1% ARIC 0.710 −2.7% BAU 0.135 −15.6% FF 0.650 −5.8% FUSE 0.020 −20.0% FTZ 0.520 −5.5% BNKR 2.87 −2.7% TLG 1.60 −5.3% NOAL 0.220 +0.0% TG 0.100 +0.0% LAC 2.69 −6.3% NWST 0.230 −4.2% Gold 4,050.80 +0.5% Silver 52.85 +3.2% Copper 6.29 +1.0% Oil 87.19 +1.3% Palladium 1,078.75 +5.7% HART 0.150 −6.2% LVG 0.325 −1.5% ALS 53.01 −2.2% AHR 0.930 −2.1% ARIC 0.710 −2.7% BAU 0.135 −15.6% FF 0.650 −5.8% FUSE 0.020 −20.0% FTZ 0.520 −5.5% BNKR 2.87 −2.7% TLG 1.60 −5.3% NOAL 0.220 +0.0% TG 0.100 +0.0% LAC 2.69 −6.3% NWST 0.230 −4.2%
Drill Results

Puma begins winter 2026 drilling at Williams Brook

By The Northwire Desk — AI Analysis Feb 12, 2026 · 18:30 PUMA · 0.16 Puma Exploration Inc.
PUMA · Price

Executive Summary

  • Puma Exploration Inc. has launched its Winter 2026 drilling program at the Williams Brook gold project in northern New Brunswick, operating under an option agreement with Kinross Gold Corp.
  • The program involves approximately 12 diamond drill holes totaling over 2,300 meters, targeting the Jaguar and Lion gold zones to evaluate gold potential, define structural controls, and confirm historical results.
  • Kinross Gold Corp. assumes the role of operator for the 2026 exploration phase, with a total second-year commitment of $3 million to advance the project.

Key Details

  • Drilling Scope: Approximately 12 diamond drill holes totaling >2,300 meters.
  • Jaguar Gold Zone (JGZ):
    • Drilling commenced Feb. 2, 2026.
    • Plan: ~5 drill holes totaling ~1,360 meters.
    • Objective: Test geophysical (IP) anomalies, intersect multiple structural orientations, follow up on historical 2008 drilling and 2022 surface sampling, and delineate the oxide zone/intersect fresh rock.
    • Historical Context: Hole WB-08-03 returned 2.10 g/t Au over 9.00 m within a broader envelope of 0.52 g/t Au over 55.00 m. 2022 grab samples returned up to 34.70 g/t Au.
  • Lion Gold Zone (LiGZ):
    • Plan: 7 drill holes totaling ~1,050 meters.
    • Objective: Test fold hinges and quartz veins within mapped gabbro; follow up on channel sampling results.
    • Discovery Context: Discovered in 2024; area stripped ~400m along strike, 10-25m width. Grab samples up to 72.20 g/t Au; Fall 2025 channel sampling up to 17.1 g/t Au.
  • 2026 Exploration Schedule:
    • Jan-Mar 2026: Winter drilling (Lion and Jaguar zones).
    • May-Aug 2026: Summer field program (mapping, prospecting, soil sampling, IP surveys).
    • Aug-Sep 2026: Summer drilling to test new targets and follow up on previous targets.
  • Financial Commitment: $3 million second-year commitment under the option agreement.
  • Operator Change: Kinross Gold Corp. assumes the role of operator in 2026 (Puma was operator in 2025).
  • Kinross 2026 Objectives: Evaluate exploration potential of Williams Brook, Portage, Jonpol, and Mount Matthew properties; prioritize prospective areas.
  • Option Agreement Terms: Kinross must finance a minimum of $16.75 million in exploration expenditures over five years (2025-2030) to earn a 65% interest.
  • Upcoming Events: PDAC Conference (Toronto, March 1-4, 2026) and Precious Metals Summit (Toronto, March 2-3, 2026).

Notable Quotes

  • None explicitly quoted in the text, though the release outlines strategic objectives.
Read the original news release →

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