Lab Report | July 21 Deep Dive on Puma
CEO.CA Jul 21, 2026 8:18
Summary
Puma Exploration's first drilling at its Rim zone, part of the Mackenzie gold project in New Brunswick, confirmed a high-grade gold system near surface.
Headline hits reached 42 g/t (grams per tonne) over 0.25 metres — thin, shallow veins of coarse visible gold worth following at depth.
The McKenzie fault — the crack metal-bearing fluids follow upward — tracks the geophysical anomaly, a sign the targeting geophysics are working.
Shares jumped 13.6% to a $25 million valuation, but 5 million shares come free trading in 33 days — watch the depth of market.
Subsurface data from the debut program will feed 3D modeling to target deeper holes, with results defining follow-up drill targets for fall.
Allan Barry Laboucan's takeaways
- Top takeaway The host argues Puma's near-surface, coarse visible gold is a promising start and that the system now needs to be drilled deeper, since shallow high-grade zones in these systems often expand at depth.
- He sees the McKenzie fault tracking the geophysical anomaly as the key structural feature, calling it the crack in the earth that metal-bearing fluids used as a path of least resistance to the surface.
- He frames the market setup favorably as of July 21, 2026 — the stock up about 13.6% to a $25 million valuation, 5 million shares freeing up in 33 days, and more bids than asks — but cautions the depth of market must hold over the next few days before the move becomes a trend.
- He likes New Brunswick as a pro-mining jurisdiction with a mining history and an appetite for new mines.
- He encourages viewers to paste Puma's news-release recap into an AI tool and have it explain the drill results in simple terms.