- Junior stock Bullion Gold Resources (TSXV:BGD) revealed that its Australian partner, Olympio Metals, hit high-grade gold in the first two drillholes at the Bousquet project’s Paquin prospect in Quebec
- Highlight intercepts include 5.4 metres at 7.6 grams per ton (g/t) of gold, including 2.9 metres at 10.27 g/t gold (BO-25-27), as well as 7.9 metres at 6.2 g/t gold, including 1.3 metres at 17 g/t gold (BO-25-28)
- Bullion Gold Resources is a Quebec-based polymetallic exploration company focused on gold
- The junior gold stock has added 100 per cent year-over-year but remains down by 57.14 per cent since 2020
Junior stock Bullion Gold Resources (TSXV:BGD) revealed that its Australian partner, Olympio Metals, hit high-grade gold in the first two drillholes at the Bousquet project’s Paquin prospect in Quebec. Olympio holds an option to earn 80 per cent of Bousquet by completing $2 million in exploration expenditures and paying $1.25 million in cash and shares, with Bullion Gold set up to retain 20 per cent of the project.
This content has been prepared as part of a partnership with Bullion Gold Resources Corp., and is intended for informational purposes only.
Highlight intercepts include 5.4 metres at 7.6 grams per ton (g/t) of gold, including 2.9 metres at 10.27 g/t gold (BO-25-27), as well as 7.9 metres at 6.2 g/t gold, including 1.3 metres at 17 g/t gold (BO-25-28). Results are approximately 60 metres to the west and along strike from a historical intercept of 9 metres at 16.96 g/t gold. Paquin’s mineralized trend now stretches for more than 300 metres and remains open both to the east and west.
Bousquet resides within the Cadillac Break, a structure that has produced more than 110 million ounces of gold. The project backs up its place in the regional structure with a gold-bearing corridor more than 4 kilometres long and nearby multi-million-ounce neighbors including Agnico Eagle’s LaRonde mine and IAMGOLD’s Westwood mine, both currently in production.
According to Monday’s news release, assays are expected in the coming weeks, with 13 drillholes completed to date under the maiden program.
Leadership insights
“We are very pleased with these initial results, which confirm the strong potential of the Paquin zone and the other showings across the Bousquet property,” Guy Morissette, Bullion Gold’s chief executive officer, said in a statement. “Our partner, Olympio Metals, is optimistic about the results to come.”
“We are very excited to have intersected high-grade gold mineralization in our first two drillholes at the Bousquet project,” added Sean Delaney, Olympio Metals’ managing director. “It’s a great start to our maiden drilling program. We have a number of exciting gold targets over a 3-kilometre strike length, and we will continue testing along this trend to determine the continuity of mineralization. Bousquet continues to deliver encouraging results, and with more assays pending and drilling ongoing, we look forward to a steady stream of news from this highly prospective and under-explored project.”
About Bullion Gold Resources
Bullion Gold Resources is a Quebec-based polymetallic exploration company focused on gold.
Bullion Gold Resources stock (TSXV:BGD) is up by 20 per cent on the news trading at C$0.06 as of 1:08 pm ET. The stock has added 100 per cent year-over-year but remains down by 57.14 per cent since 2020.
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