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Bullion Gold Resources launches drilling campaign in Canadian business journal Bousquet

It is not intended for distribution within the United States or to any United States Newswire service and does not constitute an offer of securities described herein.

MONTREAL, September 22, 2022 (GLOBE NEWSWIRE) — Bullion Gold Resources Corp. (TSX-V: BGD) (“bullion gold” or “Ltd.) announced the start of a drilling campaign of at least 1,000 meters at the Bousquet Project.The drilling program will focus on viewing Paquin East. The target, determined using 3D modeling and geophysical inversion performed by GoldSpot Discovery, aims to test potential lateral and depth extensions of the Paquin East zone.

“We are very pleased to be able to resume drilling in Bousquet. – See press release dated January 31, 2022). said to

historical work

During the first exploration work on the estate (1932-1945), five gold exhibits were discovered: Decoeur, Paquin Est and Paquin Ouest, CB 1 and Joannes. They are located within a 2.5 km hydrothermal gold system in a shear zone parallel to the Cadillac-Larder Lake Fault about 1 km south of it. These manifestations probably formed during the same episode of mineralization within the region’s east-west trending faults.

Paquin displays grades of 7.13 grams per tonne of gold over 12.10 meters, 4.51 g/t Au over 9.40 meters, and 2.44 g/t Au over 13 m, in historical drilling (GM 07013-A) crossed at Decoeur displays 1.26 g/t Au above 18.60 m and 1.16 g/t Au above 16.80 m were intersected in historic drilling (GM 07013-A). In the newly acquired western block, 26.46 g/t Au and 19.55 g/t Au over a width of 1.5 m were found in Joannes’ gold indication (GM 00735-B).

At the end of 2021, in the Paquin East Zone, bowling hole BO-21-08 will intersect a 9-meter gold section of 16.96 g/t Au, a 4.5-meter zone also containing a grading of 33.21 g/t Au, 129.25 g At /t Au grade, BO-21-09 revealed a gold zone of 4.5 m at 3.21 g/t Au grade, including 2 m at 4.11 g/t Au grade. In the Decoeur zone, holes BO-21-01 and BO-21-02 returned magnitudes in the range of 1.03 g/t Au at 9.3 meters and 1.09 g/t Au at 17.84 meters, respectively. metric, BO-21-03 revealed a rating of 2.02 g/t Au over 3 meters with an anomalous zone of over 12 meters along the hole.

Located in the Paquin East Zone, Hall BO-21-08 intersects a 9-meter gold section of 16.96 g/t Au including a 4.5-meter zone of 33.21 g/t Au containing 1 meter at a grade of 129.25 g/t Did. On the other hand, BO-21-09 revealed a gold zone of 4.5 meters with a grade of 3.21 g/t Au, including 2 meters with a grade of 4.11 g/t Au.

In the Decoeur zone, holes BO-21-01 and BO-21-02 returned grades in the range of 1.03 g/t Au at 9.3 meters and 1.09 g/t Au at 17.84 meters, respectively, whereas BO-21-03 revealed a magnitude of 2.02. >3 m g/t Au in an anomalous zone >12 m along the hole.

BGD_Bousquet_Results_2021_b

The deepest gold crossing on the property was Paquin (GM 61411) showing a vertical depth of 325 m crossed by 23.52 g/t Au over 1.2 m. High-grade gold mineralization at depth is known from nearby mining operations. For example, 38.1 g/t Au grades of over 4 m were detected at a vertical depth of 1,600 m at the Westwood mine (IAMGOLD) and at the Lapa mine (Agnico Eagle). Recent drilling by Radisson at the former O’Brien mine intersected over 3 meters of 24.22 g/t Au at a depth of 900 meters. Historical drilling longitudinal profiles show that all evidence of this powerful gold system is open at depth, and future drilling will verify their continuity at depth.

Other drill targets include anomalous gold-bearing felsic intrusions on the Cadillac-Larder Lake Fault with important geological parameters associated with felsic intrusions in the Maratik Mining Area. The gold display of CB 1 also verifies continuity at shallow crossing depths of 8.09 g/t Au over 2 meters.

bouquet project

Located 30 km east of Rouyn-Noranda, the Bousquet project comprises 97 cells on an area of ​​approximately 2,675 hectares. The property spans approximately 7 km along the Cadillac Fault. The more than 3.5 km long ENE gold corridor containing the main gold display confirmed by drilling is located south of this fault. The world-famous Cadillac Larder Lake Fault is one of Canada’s most gold-producing faults. Over 100 million ounces of gold have historically been produced in direct environments. Several gold deposits are still produced today, including Lapa, Canadian Malatic, La Ronde, Goldex, Sigma and Lamak.

The Bousquet property is supported by metamorphic sedimentary rocks from the Cadillac, Timiskaming, and Pontiac groups and volcanic and intrusive flows from the Piché group. The Cadillac Mine Camp is primarily characterized by three types of mineralization associated with distinct golden geological conditions. Gold massive sulfide lenses (Bousquet 2 and La Ronde mines), gold-rich polymetallic veins (Doyon and Mouska mines), and east-west related gold veins. Regional fault (Rapa deposit). This property is 100% owned by a corporation.

This press release has been read and approved by Gilles Laverdière, P.Geo., Director, Qualified under National Instrument 43-101.

About Bullion Gold Resources

Bullion Gold is involved in the identification, exploration and development of viable mineral properties in Quebec and British Columbia. For more information on the corporation, please visit www.bullingold.ca.

For more information, please contact:

Jonathan Hummel
Representative Director and President
[email protected]
514-317-7956

Other information

TSX Venture Exchange and its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) assume no liability for the truthfulness or accuracy of any such content.

Forward-Looking Statements: This press release contains forward-looking statements. Forward-looking statements “plan”, “expect”, “predict”, “intend”, “believe”, “predict”, “estimate”, “may”, “will” It is often characterized by words such as “deaf”, “would”. , “potential,” “proposed,” and other similar words, or statements that a particular event or condition “could occur” or “will occur.” Forward-looking statements are based on certain important expectations and assumptions made by the Company. Bullion Gold believes that the expectations and assumptions upon which its forward-looking statements are based are reasonable, but Bullion Gold cannot give any assurance that the forward-looking statements will prove to be correct. , you should not place undue reliance on forward-looking statements. Forward-looking statements address future events or circumstances and, therefore, are inherently subject to risks and uncertainties. Actual results may differ materially from those currently anticipated due to a number of factors and risks. Our financial condition and results of operations for the year ended December 31, 2019 and the third quarter ended September 30, 2019, in addition to other risks that may affect the forward-looking statements in this press release. There are risks described in our management’s discussion and analysis of 30th March 2020. www.sedar.comThe forward-looking statements contained in this press release are made as of the date hereof and Warrior Gold may not make any forward-looking statements as a result of new information, future events or otherwise. We undertake no obligation to publicly update or revise any forward-looking statements or information. Required by applicable securities laws.

It is not intended for distribution within the United States or to any United States Newswire service and does not constitute an offer of securities described herein.

The two maps accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/fb25efce-f839-4a08-bfdf-11ddc7c80ac3
https://www.globenewswire.com/NewsRoom/AttachmentNg/7574734d-4bef-4315-9959-e302677f0f67


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Bullion Gold Resources launches drilling campaign in Canadian business journal Bousquet

Source link Bullion Gold Resources launches drilling campaign in Canadian business journal Bousquet

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