- Bullion Gold Resources Corp. (BGD) has completed 1,700 metres of drilling at its ongoing 3,000-metre program on the Bousquet Project
- The first seven holes all encountered different silicified and arsenopyrite-mineralized lenses within a sheared corridor approximately 100 metres wide
- In the Paquin East zone where the current program is located, the company found the presence of 10 gold lenses as well as the possible presence of training folds, as well as visible gold in several historical and current drill holes
- Bullion Gold Resources Corp. was unchanged at $0.05 at 12:05 pm ET
Bullion Gold Resources Corp. (BGD) has completed 1,700 metres of drilling at its ongoing 3,000-metre program on the Bousquet Project.
The Bousquet project is located about 30 kilometres east of the municipality of Rouyn-Noranda, in Abitibi-Témiscamingue.
The first seven holes all encountered different silicified and arsenopyrite-mineralized lenses within a sheared corridor approximately 100 metres wide.
In the Paquin East zone where the current program is located, the company found the presence of 10 gold lenses as well as the possible presence of training folds, as well as visible gold in several historical and current drill holes.
The company’s President and Chief Executive Officer, Jonathan Hamel, praised the results his team is seeing in the drilling cores.
“These will facilitate a better understanding of the gold system in place in the Paquin East zone and will help with the establishment of other drill holes in 2023 to verify the potential of this showing near surface.”
A sheared and folded corridor containing the Paquin, Decoeur, Joannès, and CB1 gold showings crosses the southern part of the Bousquet property over nearly 3 km. As this project is located very close to mining infrastructures specializing in the processing of gold ore, the company is planning another series of short drillings in 2023 to assess the surface potential of the Paquin showing and try to define a resource near the surface.
Drilling will be concentrated between the surface and 100 meters of vertical depth. The Paquin Est showing has been intersected up to more than 300 meters deep to date, and it remains open at depth.
The Paquin-Ouest and Decoeur showings will also be drilled in 2023 if the exploration budget allows.
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 12:05 pm ET.
