Bullion Gold's Canico samples return up to 2.16 g/t Au

Executive Summary

• Bullion Gold confirmed a high‑grade polymetallic Canico showing (up to 2.16 g/t Au, 16.60 g/t Ag, 1.21 % Cu, 1.03 % Zn, 0.4 % Pb) and identified a potential IOCG/skarn‑type target at the Lice zone.
• A new silver‑copper‑zinc showing was discovered in the Tichegami Mountains, expanding the mineralized envelope of the Bodo project.
• The company plans a 2,000–3,000 m drill program (≈ $1 M) on the Rivon Lake corridor, targeting north‑south structures, with possible start in early 2026 pending financing.

Key Details

• Canico Showing: Surface samples from rare outcrops returned:
• Au 2.16 g/t
• Ag 16.60 g/t
• Cu 1.21 %
• Zn 1.03 %
• Pb 0.4 %
• Historical Context: Prior erratic‑block samples in the same area yielded up to 2.86 g/t Au, 61 g/t Ag, 6.77 % Cu, underscoring a strong proximal source.
• Lice Zone IOCG/Skarn Target:
• Strong magnetic anomaly, regional faults, ultramafic unit, iron formation.
• Multielement geochemical signature includes As (22 %), P (2.12 % → ~7.16 % phosphate), Cu, Ag, Co, Zn, Ni, Li.
• Interpreted as indicative of IOCG or contact skarn mineralization.
• Tichegami Mountains: New silver‑copper‑zinc showing identified; details not quantified in release.
• Rivon Lake Corridor:
• Historic 1960s drill holes and recent 2024‑2025 surface sampling show high‑grade Cu, Ag, Zn, Au, Pb.
• Company envisions a ~1 km E‑W by ~3 km N‑S mineralized corridor.
• Planned drill program: 2,000–3,000 m, estimated cost ≈ $1 M, potential start early 2026 pending logistics and financing.
• Financing Outlook: Management evaluating several financing options to fund the upcoming drill campaign.
• Qualified Person: Gilles Laverdiere, P.Geo., Director, NI 43‑101 Qualified Person, reviewed and approved technical information.

Notable Quotes

“The presence of such high phosphorus and arsenic grades, combined with a well-defined magnetic anomaly, is a strong signal that we may be looking at a major mineralized system.” – Guy Morissette, CEO

Materiality Assessment: Material – Positive (the release announces significant new exploration results and outlines a near‑term drilling program that could materially affect the company’s valuation).