- Junior gold miner Bullion Gold Resources (TSXV:BGD) yielded a bonanza-grade intercept of 7.5 metres at 41.81 grams per ton gold from 182 m depth during phase-2 drilling at the Paquin prospect on its Bousquet project in Quebec
- Mineralization is only 15 kilometres from multi-million ounce operating gold mines owned by Agnico Eagle and Iamgold
- Bullion Gold Resources stock has added 30 per cent year-over-year but remains down by 45.83 per cent since 2021
Junior gold miner Bullion Gold Resources (TSXV:BGD) yielded a bonanza-grade intercept during phase-2 drilling at the Paquin prospect on its Bousquet project in Quebec. Here are the numbers:
- 7.5 metres (m) at 41.81 grams per ton (g/t) gold from 182 m depth in drillhole BO2663, including:
- 4.3 m at 60.36 g/t gold.
- 2 m at 109.51 g/t gold.
According to Monday’s news release, the intercept is the best Bousquet has produced to date, increasing leadership’s confidence in the prospect’s mineralization, which is located within 15 kilometres of multi-million ounce operating gold mines owned by Agnico Eagle and Iamgold, as well as hosted on the Cadillac Break, a regional structure associated with more than 110 million ounces in gold resources.
Initial phase-2 drilling, spanning 1,639 m across 7 drillholes, followed up on recently reported intervals of logged visible gold, with assays still pending from all drillholes.
Olympio Metals holds an option to acquire 80 per cent of Bousquet for C$1.25 million in cash and shares and an exploration investment of C$2 million, having paid C$300,000 and invested C$1 million, respectively, to date.
Management commentary
“We are excited to see this high-grade intercept at Paquin confirming the visual gold that was logged in the drill core. These first results from the second phase of drilling highlight the potential of the high-grade lodes and are the best drill results for the Bousquet project to date. We look forward to seeing the outstanding assay results for BO-26-63 and the other 6 holes of the program, due in the coming weeks,” Sean Delaney, managing director of Olympio Metals, said in a statement.
About Bullion Gold Resources
Bullion Gold Resources is a junior mining company advancing projects in Quebec. Besides Bousquet, the company holds the Bodo polymetallic project, where gold, silver, copper, zinc, lithium, lead, cobalt and manganese anomalies offer substantial upside potential.
Bullion Gold Resources stock (TSXV:BGD) is up by 8.33 per cent trading at C$0.065 as of 9:56 am ET. The stock has added 30 per cent year-over-year but remains down by 45.83 per cent since 2021.
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