- Bullion Gold Resources Corp. (BGD) has announced the start of a second drilling program on its Bousquet project
- This new program of 3,000 metres provides for the implementation of 15 holes in the eastern part of the Paquin showing to better define the potential resource
- The company has closed a private placement at which it issued 3,305,000 units of shares at a price of $0.06 per unit and 4,968,750 units of flow-through shares at a price of $0.08 for gross proceeds of $595,800
- Bullion Gold Resources is involved in the identification, exploration, and development of viable mineral properties in the Province Quebec and British Columbia
- Bullion Gold Resources Corp. was unchanged at $0.05 at 11:38 AM
Bullion Gold Resources Corp. (BGD) has announced the start of a second drilling program on its Bousquet project.
The Bousquet project is located about 30 kilometres east of the municipality of Rouyn-Noranda, in Abitibi-Témiscamingue.
This new program of 3,000 metres provides for the implementation of 15 holes in the eastern part of the Paquin, showing to better define the potential resource.
The Paquin showing is recognized over a length of more than 1.2 kilometres by a vertical depth of more than 300 metres.
A mineralized and silicified gold corridor about three kilometres long and about a hundred meters wide located south of the CLL fault contains the Paquin (East and West), Decoeur, Joannès and CB1 gold showings.
Furthermore, the company has closed a private placement at which it issued 3,305,000 units of common stock of the company at a price of $0.06 per unit and 4,968,750 units of flow-through shares at a price of $0.08 for gross proceeds of $595,800.
Each unit consists of one common share and one common share purchase warrant.
Each warrant entitles its holder to purchase one additional common share in the capital of the company for a period of 24 months from the closing date of the private placement at a purchase price of $0.08 per common share.
Each flow-through unit consists of one flow-through share and one-half common share purchase warrant, each warrant entitling its holder to purchase one additional common share in the capital of the company for a period of 12 months from the closing date of the private placement at a purchase price of $0.12 per common share.
Bullion Gold Resources is involved in the identification, exploration, and development of viable mineral properties in the provinces of Quebec and British Columbia.
Bullion Gold Resources Corp. was unchanged at $0.05 at 11:38 AM
