Bullion Gold Resources Releases Drilling Results on the Bousquet Project

MONTREAL, Jan. 10, 2023 (GLOBE NEWSWIRE) — Bullion Gold Resources Corp. (TSX-V: BGD) (“Bullion Gold” or “The Company”) announces that it completed a program of 17 holes for a total of approximately 3,850 meters last fall on the Bousquet project (Cadillac fault, Abitibi, Quebec) in the sector of the Paquin East showing.

The purpose of this program was to test the surface potential of this showing as well as to verify its eastern extension. All the results obtained show that the gold values are mainly concentrated in the central part of this showing, tending to decrease significantly towards the east.

The best results obtained during this drilling campaign are as follows:

Holes From
(m)
To
(m)
Length
(m)
Grade
g/t Au
         
BO-22-11 118,5 129,0 10,50 1,72
And 135,00 147,00 12,00 1,23
         
BO-22-15 223,00 236,00 13,00 1,33
Including 232,50 236,00 3,50 3,65
         
BO-22-17 191,00 193,50 2,50 6,00

(See full results at the end of this press release)

“Having intersected gold values in virtually all our drilling allows us to know more about the structure of the property. The compilation of these new results coupled with 3D modeling will provide a better view of this project. We have several other targets to test, including the northern part of the property, which historically remains little explored” underlined Mr. Jonathan Hamel, President, and Chief Executive Officer of the Company.

The Bousquet project is located in one of the most active mining camps in Canada. The main gold showings are in the southern part of the property. A sheared and folded corridor containing the Paquin (East and West), Decoeur, Joannès and CB1 gold showings crosses the southern part of the Bousquet property over nearly 3 km. The northern part of the property, located north of the very prolific gold-bearing Cadillac-Larder Lake (CLL) fault, has practically never been tested by drilling despite the presence of numerous targets defined by a magnetic survey carried out in 2020. The western part of the property also located north of the CLL fault has also been very little explored in previous years. A few gold showings have been traced there by drilling over the last century.

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:

Jonathan Hamel
President and CEO
[email protected]
514-317-7956

Other Information

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 a number of factors and risks. In addition to other risks that may affect the forward-looking statements in this press release are those set out in the Corporation’s management discussion and analysis of the financial condition and results of operations for the year ended December 31, 2019 and the third quarter ended September 30, 2020, which are available on the Corporation’s profile at www.sedar.com. 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.

Holes From To Length Au g/t
         
BO-22-10 45.0 46.5 1.50 0.96
52.2 53.7 1.50 0.55
141.5 142.5 1.00 4.54
154.5 157.0 2.50 1.94
172.5 177.0 4.50 1.37
185.5 186.5 1.00 0.61
207.1 208.6 1.50 0.65
         
         
BO-22-11 6.6 7.1 0.50 0.87
  101.7 102.7 1.00 0.58
  118.5 157.5 39.00 0.99
incl. 118.5 129.0 10.50 1.72
incl. 135.0 147.0 12.00 1.23
  178.0 179.0 1.00 0.98
  187.5 189.0 1.50 0.79
  192.0 193.5 1.50 0.85
  198.0 201.0 3.00 0.55
         
         
         
BO-22-12 102.9 104.0 1.10 1.02
271.8 277.5 5.75 0.54
         
         
BO-22-13 44.0 45.0 1.00 0.54
199.0 200.0 1.00 1.63
208.8 209.8 1.00 0.56
238.0 240.0 2.00 1.14
         
BO-22-14 211.4 212.4 1.00 0.74
217.7 220.3 2.60 1.87
223.0 223.6 0.60 0.99
         
BO-22-15 208.0 209.0 1.00 0.52
  211.0 212.0 1.00 0.53
  223.0 236.0 13.00 1.33
including 232.5 236.0 3.50 3.65
  259.5 261.0 1.50 0.89
         
BO-22-16 63.0 75.0 12.00 0.92
  114.0 121.5 7.50 0.73
including 118.5 121.5 3.00 1.26
  135.0 141.0 6.00 1.22
  163.5 171.0 7.50 0.97
         
BO-22-17 191.0 193.5 2.50 6.00
         
BO-22-18 69.0 70.0 1.00 2.32
120.0 121.5 1.50 1.62
151.5 153.0 1.50 0.57
155.5 157.0 1.50 1.02
163.5 165.0 1.50 4.22
         
BO-22-19 73.5 76.5 3.00 0.82
106.0 107.0 1.00 0.54
         
BO-22-20 119.3 120.0 0.70 0.64
132.0 136.5 4.50 0.53
156.8 157.8 1.00 1.00
         
BO-22-21 148.1 149.0 0.90 1.29
183.0 184.5 1.50 0.65
189.0 190.5 1.50 0.77
202.5 204.0 1.50 1.42
246.0 247.5 1.50 0.57
         
BO-22-22 148.5 150.0 1.50 1.42
         
BO-22-24 10.5 12.0 1.50 0.82
181.5 187.5 6.00 0.54
         
BO-22-28 55.5 57.0 1.50 0.92
86.0 86.5 0.50 0.96
136.0 137.0 1.00 1.06


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