Northwire Canada EditionTuesday, July 28, 2026
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LUG 81.27 +2.4% ETG 2.65 +1.1% ARIC 0.860 +2.4% ABC 0.020 +0.0% WEC 0.010 +0.0% NTB 0.020 +0.0% URC 3.83 −8.2% BEX 0.085 +6.2% SUM 1.32 +0.0% FMN 0.270 +10.2% PHNM 0.405 +12.5% HDRO 1.11 −6.7% PWM 0.620 −1.6% LIO 0.155 +10.7% NTH 0.160 +1.6% ELEF 0.120 −4.0% LUG 81.27 +2.4% ETG 2.65 +1.1% ARIC 0.860 +2.4% ABC 0.020 +0.0% WEC 0.010 +0.0% NTB 0.020 +0.0% URC 3.83 −8.2% BEX 0.085 +6.2% SUM 1.32 +0.0% FMN 0.270 +10.2% PHNM 0.405 +12.5% HDRO 1.11 −6.7% PWM 0.620 −1.6% LIO 0.155 +10.7% NTH 0.160 +1.6% ELEF 0.120 −4.0%
Drill Results

Bullion Gold drills 7.5 m of 41.81 g/t Au at Bousquet

By The Northwire Desk — AI Analysis Mar 24, 2026 · 02:55 BGD · 0.10 Bullion Gold Resources Corp.
BGD · Price

Executive Summary

  • Bullion Gold Resources Corp. reports initial assay results from Phase 2 drilling at the Paquin prospect, highlighting a bonanza-grade gold intercept that stands as the best intersection for the Bousquet project to date.
  • The highlighted intercept is 7.5 m at 41.81 g/t Au from 182 m in hole BO-26-63, confirming high-grade, structurally controlled mineralization and validating prior visual gold logging.
  • Phase 2 drilling is complete with seven holes totaling 1,639 m; remaining assay results are pending. Olympio Metals Ltd. holds an option to earn an 80% interest in the project.

Key Details

  • Drilling Intercept: Hole BO-26-63 returned 7.5 m at 41.81 g/t Au from 182 m depth.
  • Program Status: Phase 2 drilling complete; 7 holes drilled for a total of 1,639 m. Assays still pending for the remainder of BO-26-63 and six additional holes.
  • Drilling Orientation & Geology: Hole BO-26-63 drilled at 3300° azimuth to test for high-grade lodes parallel to the previous 2100° orientation. Mineralization is hosted on the margins and within fractures of sericite and chlorite altered dark quartz veining within strongly deformed wacke sediments.
  • Project Location & Regional Context: Bousquet project is located on the Cadillac Break in Quebec, Canada, a regional structure associated with world-class gold mines (>110 million oz Au). Situated within 15 km of Agnico Eagle's La Ronde (15.8M oz Au) and Iamgold's Westwood (2.4M oz Au).
  • Option Agreement Terms: Olympio Metals Ltd. holds an option to acquire an 80% interest in the Bousquet project from Bullion Gold Resources for a total payment of $1.25M (cash and shares) plus a $2M exploration investment. $300,000 has been paid to date, with nearly $1M in exploration expenditures completed. Bullion retains a 20% undivided net carried interest.
  • Assay & Technical Protocols: Diamond core (NQ) samples logged at Explo-logik. Samples analyzed at Agat Laboratories (50g fire assay fusion with AAS finish, 34-element ICP-OES, screen fire assay for coarse gold) and Laboratoire Expert (30g lead fire assay with AAS finish, gravimetric finish for >30 g/t or visible gold). Downhole surveying conducted with Omnix42 (every 30 m) and TN14 Gyro.
Read the original news release →

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