Bullion Gold Presents the Historical Overview of Its Terragold Gold Project

Core Viewpoint - Bullion Gold Resources Corp. is preparing to file an ATI permit application for a stripping and drilling program on its Terragold project, aiming to validate historical data and enhance exploration efforts in the Abitibi region [1][2]. Project Overview - The Terragold project encompasses 36 mineral claims over approximately 2,060 hectares, located about 12 km south-southeast of Senneterre, Quebec, and is accessible year-round [6]. - Historical work on the project dates back to the 1960s, with significant drilling and surface sampling conducted by previous operators, indicating a substantial gold presence [7][8]. Exploration Strategy - Initial fieldwork will focus on verifying historical data in the main zone, where previous drilling identified promising gold-bearing structures [2]. - The company plans to compile historical work, perform 3D modeling, and conduct geophysical surveys to enhance understanding of the geological framework [3]. - Upcoming activities include cleaning old trenches, mechanical stripping, and systematic channel sampling, followed by a drilling campaign to validate historical results [4]. Economic Context - With gold prices around US$4,000 per ounce, the economic viability of low-grade deposits has improved significantly, making the Terragold project more attractive for potential open-pit operations [5][15]. - Historical drilling has outlined a low-grade gold corridor over more than 1.2 km, with several significant intersections reported, although modern technologies have not been systematically applied to follow up on these results [8][9]. Historical Data Insights - Historical drilling results indicate significant grade variability, likely due to the nugget effect, which has led to fluctuations in assay results [16]. - Previous drilling by various companies has confirmed the continuity of mineralized zones, with notable gold grades reported, although some areas remain under-tested [11][12][13]. Analytical Methods - The company will adopt modern analytical methods tailored for free-gold systems to reduce variability and provide a clearer picture of the project's economic potential [18][20].