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To: LoneClone who wrote (184558)1/17/2025 3:03:05 PM
From: LoneClone  Respond to of 194000
 
Global Uranium Scopes Geophysical Survey Plans in Wyoming Following Successful Datasets and Big Rock Engagement

Geophysical Survey Planning to Enhance Understanding of Global Uranium’s Wyoming Uranium Potential

globenewswire.com

January 16, 2025 08:00 ET | Source: Global Uranium

CALGARY, Alberta, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Global Uranium Corp. (CSE: GURN | OTC: GURFF | FRA: Q3J) (the “Company”) is pleased to announce the initiation of its collaboration with Big Rock Exploration ("BRE") to scope out geophysical surveys for its uranium exploration claims in Wyoming. This engagement follows the signing of a Letter of Engagement with BRE last fall, further advancing the Company’s efforts to evaluate the potential of its strategically located claims.

Big Rock Exploration will assess the feasibility of conducting ground-based and UAV magnetic surveys across Global Uranium’s claim areas, focusing on developing the Company’s exploration strategy for roll-front uranium deposits. The proposed magnetic surveys would aim to map subsurface that are of importance in roll-front uranium systems, as they may influence the migration and deposition of uranium-bearing fluids. By delineating these structures, Global Uranium can continue improving its understanding of the local geological frameworks in each project area to identify high-priority drill targets. This initiative would build upon the radiometric datasets collected during the summer of 2024, which successfully identified zones of elevated gamma radiation on the Airline and Big Bend claims.

In addition to scoping geophysical surveys, Big Rock Exploration is performing a desktop review of the project areas, which consists of consolidating public geospatial data relevant to the project areas to address jurisdictional risk management, including land position, access, surface and mineral ownership, and any special management areas. A review of potential legacy and historical data sources within a buffer around the project areas will follow. Subsequently, potential data sources will be prioritized to ensure that high-value targets are efficiently addressed. The desktop program aims to provide a detailed understanding of the exploration landscape, further de-risking the project and enhancing the design of subsequent field surveys.

“The work in Wyoming is just beginning and we are excited to be working with Big Rock Exploration to build upon the successful datasets we saw with the radiometric surveys last summer,” said Ungad Chadda, CEO at Global Uranium. “We want to determine if combining radiometric and magnetic data will allow us to develop a more robust understanding of the subsurface environment, and provide us the tools we need to make informed decisions as we prepare for the next phase of exploration.”

Global Uranium and Big Rock Exploration will collaborate to define the scope and logistics of the geophysical surveys. The initial focus will include key claim areas in the Copper Mountain and Great Divide Basin Districts, with survey designs tailored to local geological and topographic conditions.

Qualified Person

Jared Suchan, Ph.D., P.Geo., VP of Exploration for the Company, and a Qualified Person (as such term is defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects), has reviewed and approved the scientific and technical disclosure contained in this news release.

Quality Assurance and Quality Control

For a discussion of the Company’s QA/QC and data verification processes and procedures at the NWA Project, please see its technical report entitled “NI 43-101 on the Northwest Athabasca Project Northern Saskatchewan Centered at: Latitude 59°24’00” N, Longitude 109°54’00” W”, with an effective date of June 27, 2024, which is available under the Company’s profile at www.sedarplus.ca.

On Behalf of The Management Team

Ungad Chadda
CEO
587-330-0045
info@globaluranium.com

Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. In particular, this press release contains forward-looking information relating to, among other things, the intention to continue exploration efforts on the Project with the aim of further unlocking the Project’s potential; and the expectation that natural attenuation will allow the site to recover without further action.

Although forward-looking information is based on the reasonable assumptions of the Company’s management, there can be no assurance that any forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include the risk that exploration of the Project may not continue, whether as a result of a lack of financial resources, a failure to receive the requisite permits or approvals, the discretion of management of the joint venture or otherwise; the risk that exploration of the Project will not progress as currently contemplated and, that, even if exploration does proceed as anticipated, such exploration activities may not achieve their anticipated outcomes; risks inherent in the exploration and development of mineral projects, including risks relating to receiving requisite permits and approvals, changes in project parameters or delays as plans continue to be redefined, that mineral exploration is inherently uncertain and that the results of mineral exploration may not be indicative of the actual geology or mineralization of a project; the risk that mineral exploration may be unsuccessful or fail to achieve the results anticipated by the Company; risks related to joint ventures and the other risks and factors identified by the Company in its continuous disclosure filings, filed on the Company’s SEDAR+ profile at www.sedarplus.ca.

The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

The Canadian Securities Exchange has not reviewed, approved, or disapproved the contents of this ?press release.



To: LoneClone who wrote (184558)1/17/2025 3:05:26 PM
From: LoneClone  Read Replies (1) | Respond to of 194000
 
Puma Samples 601.33 g/t Gold at its McKenzie Gold Project

globenewswire.com

January 16, 2025 08:00 ET | Source: Puma Exploration Inc.

RIMOUSKI, Québec, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the “Company” or “Puma”) is pleased to announce the results from its inaugural surface exploration and trenching program at the McKenzie Gold Project. The program uncovered a quartz vein, the RIM gold vein that yielded very high-grade gold samples with standout results of 601.33 g/t, 251.61 g/t, 110.62 g/t, 103.23 g/t, 103.44 g/t, 62.44 g/t, and 56.68 g/t gold*along 25 metres (Figure 1). *The reader is cautioned that grab samples are selective by nature and may not represent the true metal content of the mineralized zone.

Figure 1. Sampling of the RIM gold vein at the McKenzie Gold Project




Late in 2023, a trenching and sampling program conducted by Puma, three (3) kilometres south of the high-grade discovery reported today, returned gold values of 362 g/t, 267 g/t, 24.7 g/t, 9.47 g/t and 4.67 g/t gold* (see October 25, 2023, News Release). The gold veins sampled are similar to those found at the Lynx Gold Zone at the Williams Brook Gold Project, highlighting the potential of finding a second large gold system at McKenzie.

Figure 2. The main gold occurrences on the McKenzie Gold Project




With the gold occurrences exhibiting remarkable similarities with the orogenic gold mineralization identified at Williams Brook, Puma is eager to deploy its proven low-cost exploration strategy to discover additional gold zones and extend the known ones at the McKenzie Gold Project. Previous owners have invested more than $1M on exploration work on the property, including airborne surveys, ground geophysics, soil geochemistry, but minimal drilling. Puma is analyzing the available data to prepare for an aggressive field program, including an inaugural drilling program in 2025.

About the McKenzie Gold Project

The McKenzie Gold Project, easily accessible by paved highway and gravel roads, is located only 7 km west of the Company’s flagship Williams Brook Project and 10 km East of St-Quentin, where the Company maintains its exploration office, core shack and other facilities. It straddles the McKenzie Fault, a prominent structural feature associated with numerous high-grade gold quartz veins, stockworks and breccias discovered by previous owners’ limited prospecting, trenching and sampling programs. These gold occurrences exhibit remarkable similarities with the orogenic gold mineralization identified on the Williams Brook Project recently optioned to Kinross Gold Corporation. This similarity and the high-grade gold findings at the RIM gold vein indicate the significant potential of the McKenzie Gold Project, which Puma is eager to explore further.

Qualified Person

The content of this press release was prepared by Dominique Gagné, P.Geo., VP Exploration and qualified persons as defined by NI 43-101, who supervised the preparation of the technical information that forms part of this news release.

On-Site Quality Assurance/Quality Control (“QA/QC”) Measures

Grab samples are bagged, sealed and sent to ALS CHEMEX in Moncton, New Brunswick, where each sample is crushed and pulped before being fire-assayed (Au-ICP21). The remaining coarse reject portions of the samples remain in storage for further work or verification as needed. As part of its QA/QC program, the Company inserts external gold standards (low to high grade) and blanks every 20 samples in addition to standards, blanks, and duplicates. All samples over 10 g/t gold or with abundant visible gold are analyzed with a gravity finish (Au-GRA22). Check assays are routinely performed for samples with visible gold to ascertain the gold content of the mineralization zone.

Upcoming Gold Investor Events

Puma invites shareholders and interested parties to stop by the booth, attend a presentation, or schedule a meeting at the upcoming conferences to discuss the Company's recent news and proposed developments:

VRIC 2025, Vancouver, BC
Booth 400
January 19-20, 2025
Vancouver Resource Investment Conference (cambridgehouse.com)

Prospector and Developers Association Conference (PDAC), Toronto, ON
Booth IE2152
March 2-5, 2025
Convention (pdac.ca)

Precious Metals Summit Conferences, PDAC One-on-One, Toronto, ON
March 3-4, 2025
PDAC 2025 One-on-One Meeting Program | Precious Metals Summit Conferences

About Puma’s Assets in New Brunswick

Puma has accumulated an impressive portfolio of prospective gold landholdings strategically located close to roads and infrastructure in Northern New Brunswick - the Williams Brook Project and the new McKenzie Gold Project. Both are located near the Rocky Brook Millstream Fault (“RBMF”), a major regional structure formed during the Appalachian Orogeny and a significant control for gold deposition in the region. Puma’s work to date has focused on the Williams Brook property, but prospecting and surface exploration work on its other properties have confirmed their potential for significant gold mineralization.

About Puma Exploration

Puma Exploration is a Canadian-based mineral exploration company focused on finding and growing a pipeline of precious metals projects in New Brunswick, near Canada's Famous Bathurst Mining Camp. Puma has a long history in Northern New Brunswick, having worked on regional projects for over 15 years. Puma’s successful exploration methodology, which combines old prospecting methods with detailed trenching and up-to-date technology such as Artificial Intelligence, has been instrumental in facilitating an understanding of the region's geology and associated mineralized systems. Armed with geophysical surveys, geochemical data and consultants’ expertise, Puma has developed a perfect low-cost exploration tool to discover gold at shallow depths and maximize drilling results.

The Company is committed to its DEAR business model of Discovery, Exploration, Acquisition and Royalties to generate maximum value for shareholders with low share dilution.

Connect with us on Facebook / X / LinkedIn.
Visit www.explorationpuma.com for more information or contact:

Marcel Robillard, President and CEO.
(418) 750-8510; president@explorationpuma.com

Mia Boiridy, Head of Investor Relations and Corporate Development.
(250) 575-3305; mboiridy@explorationpuma.com

Neither the 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.

Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve several known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, or achievements of Puma 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 undertakes no obligation to publicly update or revise any forward-looking statements. The quarterly and annual reports and the documents submitted to the securities administration describe these risks and uncertainties.

Photos accompanying this announcement are available at:

globenewswire.com

globenewswire.com