- Dundee Resources, a subsidiary of Dundee Corporation (TSX:DC.A), acquired 1,454,553 common shares of Bulgold (TSXV:ZLTO) for C$0.05 per share representing total consideration of C$72,727.65
- Bulgold is a junior gold miner exploring and developing projects in Central and Eastern Europe
- Bulgold stock has given back 64.29 per cent year-over-year
Dundee Resources, a subsidiary of Dundee Corporation (TSX:DC.A), acquired 1,454,553 common shares of Bulgold (TSXV:ZLTO), a European junior gold miner, for C$0.05 per share representing total consideration of C$72,727.65.
This content has been prepared as part of a partnership with Dundee Corporation and Bulgold Inc, and is intended for informational purposes only.
Dundee boasts a more than 30-year track record of investing in some of the global mining industry’s most successful companies, including Kinross Gold, Reunion Gold and Osisko Mining. Its current portfolio is valued at C$4.61 per share (including cash), according to the company’s July 2025 investor presentation, amounting to a more than 40 per cent discount to the price of C$2.76 per share as of July 11.
Dundee’s investment in Bulgold adds to its existing position in the junior gold miner – which stood at 3,253,967 shares and 833,333 warrants prior to the transaction – granting it a 9.58 per cent stake on an undiluted basis and an 11.09 per cent stake on a partially diluted basis in a portfolio that includes three epithermal gold projects, each of which offers tangible potential for high grades and strong metallurgy suggestive of economical resources. Here’s a breakdown:
- The Lutila gold project in Slovakia is located only 5 kilometres north of the Kremnica deposit, which produced 1.6 million ounces of gold and houses a JORC-compliant resource estimated at 2.7 million ounces of gold.
- The Kutel gold project in Bulgaria features a 15-square-kilometre quartz-adularia-illite paleogeothermal system with an extensive gold-silver-arsenic-antimony surface geochemical soil anomaly.
- The Kostilkovo gold project, also in Bulgaria, houses a 10-square-kilometre quartz-adularia-illite paleogeothermal system backed by a gold surface geochemical soil response, where a precious metal accumulation zone yielded 87.68 grams per ton (g/t) of gold and 71.76 g/t gold.
Bulgold ties its prospective properties and recently replenished cash position together with a management team with 28.3 per cent insider ownership, as well as direct involvement in the discovery and definition of 7.2 million ounces of gold and 1.4 million tons of copper within the Western Tethyan Belt – housing both Kutel and Kostilkovo – over the past 20 years, making a strong case for near-term exploration upside to capitalize on gold’s recent ascent to record highs.
Investors interested in furthering their due diligence on Bulgold can consult the company’s June 2025 investor presentation.
About Bulgold
Bulgold is a junior gold miner exploring and developing projects in Central and Eastern Europe.
Bulgold stock (TSXV:ZLTO) last traded at C$0.05 per share and has given back 64.29 per cent year-over-year.
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