Core Viewpoint - Bullion Gold Resources Corp. is making significant progress in its exploration programs at the Bousquet, Langlade, and Bodo projects in Quebec, with plans for initial drilling programs and positive geological findings [4][12]. Bousquet Project - The Bousquet project is located in the Bousquet-Cadillac mining camp, known for its gold production associated with the Cadillac-Larder Lake fault [5]. - The project features gold-bearing structures and is currently under an option agreement with Olympio Metals, which involves a cash and share payment of $1.25 million and $2 million in exploration expenditures for an 80% interest [5]. Langlade Project - The Langlade zone consists of 72 mining cells covering approximately 4,125 hectares and is identified as a polymetallic VMS (Cu-Zn-Ag) showing [6]. - The exploration program aims to define the lateral extensions of mineralization and confirm the potential for an economic deposit, with a 2,000-meter drilling program planned [7]. - Significant mineralization has been identified, including exceptional grades of up to 15.75% Cu, 384 g/t Ag, 6.85 g/t Au, and 1.21% Zn [7]. Bodo Project - The Bodo project encompasses 763 claims over an area of 410 km², situated in a structurally complex environment favorable for polymetallic systems [8]. - The Rivon zone within the Bodo project shows continuous gold and polymetallic shear zones, with permits obtained for drilling to assess mineralized structures [8]. Financial Activities - The company has closed a private placement, issuing 2,392,857 flow-through share units at $0.07 for gross proceeds of $167,500, and 2,000,000 share units at $0.05 for gross proceeds of $100,000 [9][10].
Bullion Gold Provides Updates on Its Bousquet, Langlade, and Bodo (Rivon Zone) Exploration Projects
Newsfile·2025-09-16 12:15