19.40m @ 17.29 g/t Au in Hole BO-26-63 at Bousquet
High-grade "bonanza" intercepts at Bousquet validate partner-funded exploration while 100% owned Terragold project pivots to bulk-tonnage model.
The most recent news (March 31, 2026) reports final assay results for hole BO-26-63 at the Bousquet Project. The results are exceptional, headlined by 19.40m @ 17.29 g/t Au from 172.5m. This intercept includes previously reported high-grade sections of 7.5m @ 41.81 g/t Au and 2.0m @ 109.51 g/t Au. The Phase 2 drilling program, consisting of 7 holes (1,639m), is now complete. While assays for the remaining six holes are pending, this specific hole represents the best drill intersection in the project's history.
The news is Material - Positive. - Grade and Width: An intercept of nearly 20 meters at over half an ounce per tonne is rare and indicates the potential for a high-grade "lode" rather than just narrow veins. - De-risking through Partnership: The exploration is being funded by Olympio Metals, which is earning an 80% interest. This allows Bullion Gold to retain a 20% "net-carried interest" (undivided), meaning Bullion is not currently footing the bill for these expensive drill programs. - Validation of Model: These results confirm the "visible gold" logged in February 2026, proving that visual estimates are translating into significant laboratory grades. - Strategic Location: The project is on the Cadillac Break, within 15km of Agnico Eagle’s La Ronde mine, providing significant infrastructure and M&A context.
Bullion Gold is a Quebec-focused explorer. - Flagship (Partnered): The Bousquet Project, located on the Cadillac Break. It is currently under option to Olympio Metals (Olympio can earn 80%). - Flagship (100% Owned): The Terragold Project (formerly Transterre). The company recently consolidated 100% ownership and is shifting focus toward a bulk-tonnage, open-pit model (low grade, high volume) given high gold prices.