Bonanza Gold Intercept from Phase 2 Drilling at Bousquet
High-grade bonanza intercepts at Bousquet validate structural model as Bullion Gold pivots toward bulk-tonnage targets at Terragold.
The most recent news (March 23, 2026) reports "bonanza" gold grades from Phase 2 drilling at the Paquin Prospect within the Bousquet Project. The standout intercept in hole BO-26-63 returned 7.5m @ 41.81 g/t Au from 182m, including ultra-high-grade internal intervals of 2.0m @ 109.51 g/t Au. This represents the best drill result in the project's history. Drilling for this phase is complete (7 holes, 1,639m), with assays pending for the remaining 6 holes. This follows the March 5, 2026, announcement of a massive 25,000m drill program planned for the 100%-owned Terragold project to establish a maiden 43-101 resource.
The impact is Material - Positive. While the Bousquet project is under option to Olympio Metals (who can earn 80%), Bullion Gold retains a 20% carried interest. The "bonanza" grades significantly de-risk the geological model of the Cadillac Break structure on the property and increase the valuation of Bullion’s retained interest. Furthermore, the success at Bousquet provides momentum for the company’s 100%-owned Terragold project, where they are shifting strategy toward a bulk-tonnage, open-pit model. The pending $5 million financing mentioned in early March is critical; the high-grade results at Bousquet should theoretically make this capital raise easier and less dilutive if the stock price reacts positively.
Bullion Gold is a Quebec-focused explorer with a diversified portfolio. - Bousquet (Flagship-Partnered): Located on the Cadillac Break. High-grade gold targets (Paquin, Amadee). Partner Olympio Metals is earning 80%. - Terragold (Flagship-Owned): 100% owned. Focus is on a 2.2 km gold corridor for a potential bulk-tonnage open-pit resource. - Langlade: VMS project (Cu-Zn-Ag-Au) with historical mineralization traced over 1,200m. - Bodo: Large 410 sq. km property targeting Cu-Au-Ag-Zn.