Northwire Canada EditionFriday, July 10, 2026
Northwire
NNX 0.035 +0.0% ABX 51.93 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.25 +11.8% TUNG 1.74 +3.0% LGO 1.00 −3.4% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.49 +0.9% SGZ 0.045 +0.0% S 0.165 +37.5% GRSL 0.305 −4.7% DEX 0.390 +1.3% WMS 0.040 +0.0% NNX 0.035 +0.0% ABX 51.93 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.25 +11.8% TUNG 1.74 +3.0% LGO 1.00 −3.4% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.49 +0.9% SGZ 0.045 +0.0% S 0.165 +37.5% GRSL 0.305 −4.7% DEX 0.390 +1.3% WMS 0.040 +0.0%
Drill Results Routine +

Bullion Gold optionee to resume drilling at Bousquest

Strategic Milestone Achieved

Executive Summary
  • Olympio Metals Ltd. has successfully earned an initial 51% interest in the Bousquet gold project from Bullion Gold Resources Corp., completing Stage 1 of the option agreement ahead of schedule.
  • The company is resuming Phase 3 drilling activities to test lateral and down plunge extensions of a previous high-grade intercept (19.4m @ 17.29 g/t Au).
  • Future milestones for earning an additional 29% interest (Stage 2) involve cash payments, share issuances, and exploration expenditures over the next five years, leading to a Joint Venture structure.
  • If Stage 2 conditions are met, Olympio holds 80% interest and Bullion holds 20% free carried interest until initial production; OLY retains right of first refusal to purchase Bullion's JV2 20-per-cent interest.
  • Simon Britt, President and CEO, welcomed the continuation of exploration activities following outstanding results delivered from Olympio's phase 2 drilling campaign on Bousquet.
Material Impact
  • The news confirms that the partnership with Olympio Metals is progressing as planned, validating the asset quality through an external partner's willingness to invest further capital.
  • Earning the interest ahead of schedule suggests strong operational execution by the optionee and reduces immediate risk of deal failure at this stage.
  • However, the milestone itself does not introduce new geological data or resource estimates; it is a procedural confirmation based on previous drilling results (March 2026).
  • The financial impact is limited to future cash inflows from Stage 2 milestones ($500k cash + $1M exploration spend), which are spread over five years and do not provide immediate liquidity relief.
  • Given the March 2026 high-grade drilling results were already priced into the stock, this administrative milestone is incremental rather than transformative.
BGD · Price
Company Overview
  • Bullion Gold Resources Corp. is an exploration-stage company focused on gold and polymetallic assets in Quebec, Canada.
  • Flagship Project: Bousquet Gold Project (Abitibi Greenstone Belt).
  • The Bousquet project features high-grade gold mineralization on the Cadillac Break, a regional structure hosting world-class deposits.
  • Other significant assets include Terragold (100% owned), Langlade (VMS polymetallic), and Bodo (polymetallic showing).
  • The company is currently in an exploration phase with no production revenue; value relies entirely on discovery and resource definition.
Read the original news release →

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