Bullion Gold Acquires the Transterre, Transterre-Ouest, and Candore Gold Projects (Forming the Terragold Project)
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On November 26, 2025, Bullion Gold announced it has entered into an option agreement to acquire 100% of the Transterre, Transterre-Ouest, and Candore gold properties, which will be consolidated into the new "Terragold Project." The acquisition is structured with staggered payments of cash, shares, and work commitments over several years.
The company highlighted compelling historical, non-NI 43-101 compliant drilling and trenching results from the project, including drill intercepts of 6.7m @ 14.74 g/t Au, 8.11m @ 11.51 g/t Au, and 9.97m @ 11.73 g/t Au. The CEO noted that the project was not economic at historical gold prices but has significant potential with current prices.
Bullion Gold plans to compile historical data into a 3D model and intends to launch an initial drilling program in the winter of 2026 to verify and extend these historical results.
The release also provided an update on its Cadillac-Extension project, stating that permits for drilling and trenching have been obtained.
This acquisition is a material positive event for Bullion Gold. The company is adding a new project with exceptional historical high-grade gold intercepts to its portfolio. While these results are historical and require verification, they represent a significant exploration target that could become a flagship asset.
The deal structure is favorable for a junior explorer. By using an option agreement with payments spread over three years, the company minimizes upfront capital risk and can abandon the project with no further obligations if initial verification work is disappointing. This is a prudent approach to project acquisition.
- Strategic Fit: The Terragold project is located in the Abitibi region of Quebec, aligning perfectly with the company's geographical focus. It diversifies Bullion Gold's asset base, which includes the partner-funded Bousquet project, the polymetallic Bodo project, and the VMS-style Cadillac-Extension project.
- Potential vs. Cost: The potential upside from confirming even a fraction of the historical high-grade results is substantial relative to the company's current market capitalization. The low initial cash and share outlay makes this a low-risk, high-reward endeavor.
- Progression of News: Over the past year, management has consistently added value and de-risked its portfolio. They successfully optioned out the Bousquet project to a partner (Olympio Metals) who is funding exploration and delivering positive results. They acquired the Cadillac-Extension project from a major entity (SOQUEM), adding a strategic shareholder. This latest acquisition continues the trend of disciplined and accretive portfolio building.
This news provides a clear, high-impact catalyst: the upcoming verification drill program at Terragold. Positive confirmation of historical grades would be a game-changer for the company. The update on receiving permits for the Cadillac-Extension project is also a positive operational step, indicating work is advancing on multiple fronts.
Bullion Gold Resources is a Canadian junior exploration company focused on gold and strategic minerals within the province of Quebec. The company has assembled a portfolio of projects through acquisition and staking.
- Bousquet Project: Located on the Cadillac Break. Optioned to Olympio Metals, which can earn an 80% interest by funding C$2M in exploration and making C$1.25M in payments. Bullion Gold retains a 20% net carried interest. This project has been a primary driver of news in 2025 with consistent positive drill results reported by the partner.
- Cadillac-Extension (Langlade) Project: A VMS (copper, zinc, silver, gold) project acquired from SOQUEM in June 2025. Early-stage exploration, including till sampling, has returned positive indicators (gold grains).
- Bodo Project: A large, 100%-owned polymetallic project with potential for Cu, Au, Ag, Zn, Ni, and Co. Surface sampling has returned high-grade results.
- Terragold Project: The most recent acquisition, comprising three properties with historical high-grade gold drill results in the Abitibi region. Given the grades, this project has the potential to become the company's flagship if historical results are verified.