Bullion Gold Resources Releases Drilling Results on the Bousquet Project
January 10 2023 - 9:00AM
Bullion Gold Resources Corp. (
TSX-V:
BGD) (“
Bullion Gold” or “
The
Company”) announces that it completed a program of 17
holes for a total of approximately 3,850 meters last fall on the
Bousquet project (Cadillac fault, Abitibi, Quebec) in the sector of
the Paquin East showing.
The purpose of this program was to test the
surface potential of this showing as well as to verify its eastern
extension. All the results obtained show that the gold values are
mainly concentrated in the central part of this showing, tending to
decrease significantly towards the east.
The best results obtained during this drilling
campaign are as follows:
|
Holes |
From(m) |
To(m) |
Length(m) |
Gradeg/t Au |
| |
|
|
|
|
| BO-22-11 |
118,5 |
129,0 |
10,50 |
1,72 |
| And |
135,00 |
147,00 |
12,00 |
1,23 |
| |
|
|
|
|
| BO-22-15 |
223,00 |
236,00 |
13,00 |
1,33 |
| Including |
232,50 |
236,00 |
3,50 |
3,65 |
| |
|
|
|
|
| BO-22-17 |
191,00 |
193,50 |
2,50 |
6,00 |
(See full results at the end of this press
release)
“Having intersected gold values in virtually all
our drilling allows us to know more about the structure of the
property. The compilation of these new results coupled with 3D
modeling will provide a better view of this project. We have
several other targets to test, including the northern part of the
property, which historically remains little explored” underlined
Mr. Jonathan Hamel, President, and Chief Executive Officer of the
Company.
The Bousquet project is located in one of the
most active mining camps in Canada. The main gold showings are in
the southern part of the property. A sheared and folded corridor
containing the Paquin (East and West), Decoeur, Joannès and CB1
gold showings crosses the southern part of the Bousquet property
over nearly 3 km. The northern part of the property, located north
of the very prolific gold-bearing Cadillac-Larder Lake (CLL) fault,
has practically never been tested by drilling despite the presence
of numerous targets defined by a magnetic survey carried out in
2020. The western part of the property also located north of the
CLL fault has also been very little explored in previous years. A
few gold showings have been traced there by drilling over the last
century.
This press release was read and approved by
Gilles Laverdière, P.Geo., director, and Qualified Person under
National Instrument 43-101.
About Bullion Gold
Resources
Bullion Gold is involved in the identification,
exploration, and development of viable mineral properties in the
Province Quebec and British Columbia. For more information on the
Corporation, visit www.bulliongold.ca
For further information, please
contact:
Jonathan HamelPresident and
CEOjhamel@bulliongold.ca514-317-7956
Other Information
The TSX Venture Exchange and its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts no responsibility for the veracity or
accuracy of its content.
Forward-Looking
Statements: This press release contains
forward-looking statements. Forward-looking statements are
frequently characterized by words such as "plan", "expect",
"project", "intend", "believe", “anticipate", "estimate", "may",
"will", "would", "potential", "proposed" and other similar words,
or statements that certain events or conditions "may" or "will"
occur. The forward-looking statements are based on certain key
expectations and assumptions made by the Corporation. Although
Bullion Gold believes that the expectations and assumptions on
which the forward-looking statements are based are reasonable,
undue reliance should not be placed on the forward-looking
statements because Bullion Gold can give no assurance that they
will prove to be correct. Since forward-looking statements address
future events and conditions, by their very nature they involve
inherent risks and uncertainties. Actual results could differ
materially from those currently anticipated due to a number of
factors and risks. In addition to other risks that may affect the
forward-looking statements in this press release are those set out
in the Corporation’s management discussion and analysis of the
financial condition and results of operations for the year ended
December 31, 2019 and the third quarter ended September 30, 2020,
which are available on the Corporation’s profile
at www.sedar.com. The forward-looking statements contained in
this press release are made as of the date hereof and Bullion Gold
undertakes no obligation to update publicly or revise any
forward-looking statements or information, whether as a result of
new information, future events or otherwise, unless so required by
applicable securities laws.
NOT FOR DISSEMINATION IN THE UNITED STATES OR
FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE
AN OFFER OF THE SECURITIES DESCRIBED HEREIN.
|
Holes |
From |
To |
Length |
Au g/t |
|
|
|
|
|
|
|
BO-22-10 |
45.0 |
46.5 |
1.50 |
0.96 |
|
52.2 |
53.7 |
1.50 |
0.55 |
|
141.5 |
142.5 |
1.00 |
4.54 |
|
154.5 |
157.0 |
2.50 |
1.94 |
|
172.5 |
177.0 |
4.50 |
1.37 |
|
185.5 |
186.5 |
1.00 |
0.61 |
|
207.1 |
208.6 |
1.50 |
0.65 |
|
|
|
|
|
|
|
|
|
|
|
|
|
BO-22-11 |
6.6 |
7.1 |
0.50 |
0.87 |
|
|
101.7 |
102.7 |
1.00 |
0.58 |
|
|
118.5 |
157.5 |
39.00 |
0.99 |
|
incl. |
118.5 |
129.0 |
10.50 |
1.72 |
|
incl. |
135.0 |
147.0 |
12.00 |
1.23 |
|
|
178.0 |
179.0 |
1.00 |
0.98 |
|
|
187.5 |
189.0 |
1.50 |
0.79 |
|
|
192.0 |
193.5 |
1.50 |
0.85 |
|
|
198.0 |
201.0 |
3.00 |
0.55 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BO-22-12 |
102.9 |
104.0 |
1.10 |
1.02 |
|
271.8 |
277.5 |
5.75 |
0.54 |
|
|
|
|
|
|
|
|
|
|
|
|
|
BO-22-13 |
44.0 |
45.0 |
1.00 |
0.54 |
|
199.0 |
200.0 |
1.00 |
1.63 |
|
208.8 |
209.8 |
1.00 |
0.56 |
|
238.0 |
240.0 |
2.00 |
1.14 |
|
|
|
|
|
|
|
BO-22-14 |
211.4 |
212.4 |
1.00 |
0.74 |
|
217.7 |
220.3 |
2.60 |
1.87 |
|
223.0 |
223.6 |
0.60 |
0.99 |
|
|
|
|
|
|
|
BO-22-15 |
208.0 |
209.0 |
1.00 |
0.52 |
|
|
211.0 |
212.0 |
1.00 |
0.53 |
|
|
223.0 |
236.0 |
13.00 |
1.33 |
|
including |
232.5 |
236.0 |
3.50 |
3.65 |
|
|
259.5 |
261.0 |
1.50 |
0.89 |
|
|
|
|
|
|
|
BO-22-16 |
63.0 |
75.0 |
12.00 |
0.92 |
|
|
114.0 |
121.5 |
7.50 |
0.73 |
|
including |
118.5 |
121.5 |
3.00 |
1.26 |
|
|
135.0 |
141.0 |
6.00 |
1.22 |
|
|
163.5 |
171.0 |
7.50 |
0.97 |
|
|
|
|
|
|
|
BO-22-17 |
191.0 |
193.5 |
2.50 |
6.00 |
|
|
|
|
|
|
|
BO-22-18 |
69.0 |
70.0 |
1.00 |
2.32 |
|
120.0 |
121.5 |
1.50 |
1.62 |
|
151.5 |
153.0 |
1.50 |
0.57 |
|
155.5 |
157.0 |
1.50 |
1.02 |
|
163.5 |
165.0 |
1.50 |
4.22 |
|
|
|
|
|
|
|
BO-22-19 |
73.5 |
76.5 |
3.00 |
0.82 |
|
106.0 |
107.0 |
1.00 |
0.54 |
|
|
|
|
|
|
|
BO-22-20 |
119.3 |
120.0 |
0.70 |
0.64 |
|
132.0 |
136.5 |
4.50 |
0.53 |
|
156.8 |
157.8 |
1.00 |
1.00 |
|
|
|
|
|
|
|
BO-22-21 |
148.1 |
149.0 |
0.90 |
1.29 |
|
183.0 |
184.5 |
1.50 |
0.65 |
|
189.0 |
190.5 |
1.50 |
0.77 |
|
202.5 |
204.0 |
1.50 |
1.42 |
|
246.0 |
247.5 |
1.50 |
0.57 |
|
|
|
|
|
|
|
BO-22-22 |
148.5 |
150.0 |
1.50 |
1.42 |
|
|
|
|
|
|
|
BO-22-24 |
10.5 |
12.0 |
1.50 |
0.82 |
|
181.5 |
187.5 |
6.00 |
0.54 |
|
|
|
|
|
|
|
BO-22-28 |
55.5 |
57.0 |
1.50 |
0.92 |
|
86.0 |
86.5 |
0.50 |
0.96 |
|
136.0 |
137.0 |
1.00 |
1.06 |
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