BULGOLD Confirms Major Epithermal Gold System at Kopernica, Lutila Project
Bulgold confirms low-grade epithermal system at Lutila, though economics remain distant.
Bulgold Inc. (ZLTO) released results on September 29, 2026, confirming geological and geochemical modeling from its 2026 diamond drilling program at the Kopernica Vein System within the Lutila Gold Project in Slovakia. The campaign completed four diamond drill holes totaling 780.05 meters with 98% core recovery.
The results define a major, intact low-sulfidation epithermal upflow zone hosted within a rhyolite dome, expanding the project scope from discrete vein targets to a large-scale system at least 500 meters wide and up to 1,000 meters long. Key technical milestones include the first discovery of adularia in hole KPDD005, pervasive quartz-illite alteration in KPDD004 indicating proximity to fluid conduits, and the development of a 3D mineralogical model using XRD data.
Assay results show consistently low-grade intersections, with intervals ranging from 0.10 g/t to 0.36 g/t Au over short lengths from 1 meter to 22.4 meters. No high-grade intercepts were reported. QA/QC protocols followed standard industry practices with SGS Burgas. The jurisdiction offers a 21% corporate tax rate, a 5% NSR, and drill pad permitting within 3 months.
Bulgold Inc. (ZLTO) announced results that validate its geological model, shifting the exploration focus from narrow veins to a broad, large-scale epithermal system. The expanded footprint measures 500m by 1,000m, but the sub-economic assay grades of 0.10-0.36 g/t Au indicate that this expansion does not immediately translate to economic potential.
The announcement serves as an expected follow-up to the July 2026 drilling completion news and does not contain unexpected or market-moving information. The low-grade nature of the intercepts reinforces that the project remains in the early exploration phase, with no near-term path to a resource estimate or economic study.
Bulgold Inc. is a gold exploration company focused on Central and Eastern Europe, controlling 100% of the Lutila, Kostilkovo, and Kutel gold projects. The company’s flagship asset is the Lutila Gold Project, a 32.2 km² exploration license in central Slovakia situated between the prolific Kremnica and Banská Štiavnica epithermal districts. The project targets low-sulfidation epithermal quartz-adularia gold mineralization.
Bulgold is in the early-stage exploration phase with no reported mineral resources or reserves. Adjacent historical production includes approximately 1.6 moz Au from Kremnica and approximately 2.6 moz Au from Banská Štiavnica, providing regional geological context.