Bullion Gold Identifies Coarse, Irregular Gold Grains North of Langlade VMS Prospect (Cadillac-Extension Project), Launches Expanded Basal Till Sampling Program.

Executive Summary

• Bullion Gold reported encouraging preliminary results from a 5 kg basal‑till sample collected ~150 m north of the Langlade VMS prospect, including coarse angular gold grains up to 3.5 mm that suggest a nearby undiscovered mineralized structure.
• The company announced plans to expand its till‑sampling program later in October and is evaluating a high‑resolution magnetic survey and additional drill targets based on historic EM data.
• Bullion Gold closed a private placement of 2,800,000 flow‑through share units at $0.07 per unit, raising $196,000 for eligible Canadian exploration expenses.

Key Details

• Basal Till Sample Results – Five‑kilogram sample yielded dozens of gold grains (0.02 mm to 3.5 mm) within a garnet/iron‑oxide matrix; larger grains are angular and attached to quartz, indicating proximity to source.
• Interpretation – Coarse, angular gold is viewed as a strong indicator that a distinct mineralized structure exists north of the known Langlade VMS zone.
• Planned Work – Expanded till‑sampling program slated to begin end‑October 2025; potential high‑resolution magnetic survey and identification of several priority drill targets (east/northeast extensions, deeper continuity, EM anomalies in eastern project).
• Historical Context – Recent review links surface sample GM65347 and diamond drill hole LAN‑12‑19 (GM67190) to the southeast flank of a hinge structure; suggests mineralization may extend onto north‑northeast flank.
• Qualified Person – Technical information reviewed by Gilles Laverdière, P.Geo., Chairman & Qualified Person per NI 43‑101.
• Private Placement Terms – 2,800,000 flow‑through units @ $0.07 each; gross proceeds $196,000. Each unit = 1 flow‑through share + ½ common share purchase warrant (exercise price $0.10, 12‑month term).
• Finder’s Compensation – Cash fee $11,760 (6%) plus issuance of 84,000 finder’s warrants (exercise price $0.10, 12‑month term).
• Use of Proceeds – To fund eligible Canadian exploration expenses qualifying as flow‑through mining expenditures under the Income Tax Act.
• Holding Period – All securities subject to a four‑month‑plus‑one‑day hold period ending 2026‑02‑02; placement pending TSX Venture Exchange final approval.

Notable Quotes

“The identification of angular gold grains, especially the coarser ones, is an excellent proximity indicator and validates our hypothesis that the northern sector of the Langlade Prospect could conceal a significant gold source that was not detected by historical work,” – Guy Morissette, President & CEO.