MONTREAL, Oct. 05, 2022 (GLOBE NEWSWIRE) —( ) (“Bullion Gold” or the “Corporation”) announces that it has completed a drilling program of approximately 1,000 meters on its Bousquet project. This program, consisting of four holes, had the objectives of testing the extensions at depth as well as better defining part of the Paquin East zone.
The drillings all encountered the potential mineralized, altered, and silicified zones sought. Visible gold was even noted in one of the boreholes. Core description is in progress and samples are expected to be shipped to the assay lab within the next few days.
The Bousquet project, made up of 71 claims covering an area of approximately 2,369 hectares, runs along nearly 8 km of the Cadillac-Larder Lake fault, one of the most prolific gold-bearing faults in the world. South of the CLL fault, there are the Paquin East and West, Decoeur, Joannès and CB-1 gold showings, which are located in a gold corridor recognized by drilling of approximately 2.75 km.
To the west and north of the CLL fault, very little exploration work has been done there in previous years. Based on an aerial magnetic survey, the company has traced several targets to be eventually tested by drilling.
For now, the Company is concentrating its resources in the southern part where most of the gold showings are found. The company has obtained all the necessary permits that can support a drilling program of more than 10,000 meters. A financing round is anticipated during the fall period.
This press release was read and approved by Gilles Laverdière, P.Geo., director, and Qualified Person under National Instrument 43-101.
About Bullion Gold Resources
Bullion Gold is involved in the identification, exploration, and development of viable mineral properties in the Province Quebec and British Columbia. For more information on the Corporation, visit www.bulliongold.ca.
For further information, please contact:
President and CEO
The TSX Venture Exchange and its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts no responsibility for the veracity or accuracy of its content.
Forward-Looking Statements: This press release contains forward-looking statements. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “would”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. The forward-looking statements are based on certain key expectations and assumptions made by the Corporation. Although Bullion Gold believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Bullion Gold can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to several factors and risks. The forward-looking statements contained in this press release are made as of the date hereof and Bullion Gold undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.
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