- Bullion Gold Resources (BGD) has acquired 363.2 sq. km. forming the Bodo SM property in Québec
- The property is located 200 km north of the municipality of Chibougamau and 100 km south of the Eastmain mine
- It is composed of 682 cells and was acquired based on its potential to contain spodumene pegmatites
- Bullion Gold Resources Corp. (BGD) is trading at C$0.065 per share as of 10:25 am ET
Bullion Gold Resources (BGD) has acquired 363.2 sq. km., forming the Bodo SM property in Québec.
The property is located 200 km north of the municipality of Chibougamau and 100 km south of the Eastmain mine. It is composed of 682 cells and was acquired based on its potential to contain spodumene pegmatites. Historically, there has been very little exploration work done in this area.
Minerals such as biotite, muscovite or tourmaline have however been noted in the granites visited. Other minerals searched for in association with the potential presence of lithium include beryllium, rubidium, and cesium.
Jonathan Hamel, President and Chief Executive Officer of Bullion Gold, explained that the team had been looking for a geological sector integrating greenstone units in contact with vast pegmatite batholiths, which are favourable to exploration for lithium and other strategic minerals.
“The Lake Baudau region offered this opportunity. With Bodo SM, we now hold 100 per cent interest, without royalty, in a vast mining project in an important mining region. The Lac Baudau sector could become, in our opinion, another favourable area for the discovery of lithium or other strategic minerals. Also, according to the International Energy Agency (IEA), global demand for lithium will be multiplied by 40 by 2040.”
Bullion Gold is involved in identifying, exploring, and developing viable mineral properties in Québec and British Columbia provinces.
Bullion Gold Resources Corp. (BGD) is trading at C$0.065 per share as of 10:25 am ET.