Bullion Gold Acquires the Transterre, Transterre-Ouest, and Candore Gold Projects (Forming the Terragold Project)

Core Viewpoint - Bullion Gold Resources Corp. has signed an acquisition agreement to obtain 100% rights to the Transterre, Transterre-Ouest, and Candore gold properties, now known as the Terragold Project, located in Abitibi, Quebec, which is expected to enhance the company's gold project portfolio in a region known for its gold potential [1][3]. Project Overview - The Terragold Project encompasses 36 mining cells over an area of 2,060 hectares, situated in a volcanic geological environment with significant gold and silver mineralization [2]. - Historical drilling has revealed gold zones over approximately 2,500 meters in length and to a depth exceeding 450 meters, indicating the mineralized zone remains open for potential extension [2]. Historical Context and Economic Potential - Historical exploration occurred when gold prices were around US$35-40 per ounce, limiting economic viability; however, with current gold prices exceeding CA$5,600 per ounce, the project now holds significant economic potential [3][10]. - The project is expected to undergo a complete reassessment due to the modernized economic context and higher gold prices [10]. Geological and Structural Insights - Mineralization is associated with a system of felsic dikes and quartz veins, with significant gold grades found in altered and quartz-veined zones [4]. - The mineralization is linked to the Uniacke Deformation Corridor, which is interpreted as an extension of major gold deposit zones, providing an excellent environment for gold precipitation [5][6]. Work Program and Future Plans - A comprehensive compilation of historical drilling data and 3D geological modeling will guide future exploration campaigns, allowing for precise visualization and analysis of mineralization [9][14]. - An initial drilling program is planned for winter 2026, focusing on reassessing the Terragold Project's potential according to modern exploration standards [9]. Financial Commitments and Agreements - The acquisition agreement includes specific cash payments, share issuances, and work expenditures over a three-year period to acquire full interest in the Transterre property [11]. - A 2% NSR royalty is granted to the prospectors, with a provision for the corporation to repurchase 50% of this royalty for CA$750,000 [11][15]. Additional Projects - The corporation has also obtained permits for drilling and trenching on the Cadillac-Extension project, with plans to establish a drilling program following laboratory results from a recent basal till survey [17]. Company Background - Bullion Gold Resources is a junior exploration company focused on gold and polymetallic projects in Quebec, holding interests in several projects including Bousquet, Cadillac-Extension, Terragold, and Bodo [19].