Puma Exploration Inc (OTCMKTS:PUMXF) Stock Gains Momentum: Here is Why
Yesterday Puma Exploration Inc (OTCMKTS:PUMXF) was in focus after it announced its exploration strategy and aims for 2023 at its William Brook Gold Project located in Northern New Brunswick. The company owns the property in its entirety.
Trading Data
On Thursday, PUMXF stock gained 7.84% to $0.1100 with 45K shares, compared to volume of 8.97K shares. The stock moved within a range of $0.1099 – 0.1100 after opening trade at $0.1099.
Puma Exploration Focused on Building a Gold Camp at its Williams Brook Gold Project
Puma noted that it was looking to build gold ounces at the Lynx Gold Zone and boost the inventory of gold of the property package. The company further noted that as much as 70% of its exploration budget would be deployed towards the Lynx Gold Zone, where the company had managed to discover significant gold zones back in 2021. The rest of the budget would be deployed on some of the priority targets for the purpose of identifying fresh gold deposits at the property package spanning 44650 hectares.
More importantly, it was further announced that Puma Exploration had received all the necessary permits as well as the drilling permits for the 2023 exploration initiative. The Chief Executive Officer and President of the company Marcel Robillard noted that the William Brook Gold Project was a highly prospective property for further gold discoveries He went on to add that the company’s focus was on taking forward the exploration initiative as efficiently as possible.
