Bullion Gold plans 25,000 m drill program at Terragold

Executive Summary

• Bullion Gold Resources Corp. is preparing to launch a ~25,000-meter diamond drilling program at its Terragold gold project near Senneterre, Quebec, scheduled for spring 2026.
• The company has secured impact exploration work (ATI) authorizations and is applying for a forestry intervention permit to access drill sites and prepare pads.
• The primary technical objective is to gather geological and analytical data to prepare an initial NI 43-101 compliant mineral resource estimate, supported by a potential $5-million financing planned for spring 2026.
• Management is testing a new geological model focusing on diffuse, continuous mineralization within porphyry envelopes and shear zones, leveraging historical data reinterpretation and recent airborne surveys to target near-surface, bulk-tonnage compatible mineralization.

Key Details

• Drilling Program: Approximately 25,000 meters of diamond drilling planned for spring 2026.
• Permit Status: Impact exploration work (ATI) authorizations for drilling and stripping have been obtained; application for a forestry intervention permit is pending to access drill areas and prepare pads.
• Technical Objective: Collect data to prepare an initial National Instrument 43-101 compliant mineral resource estimate.
• Financing: Considering a financing of up to $5 million by spring 2026 to fund the program; specific terms and structure have not yet been determined.
• Geological Context: Project lies within the Uniacke deformation corridor (>2 km lateral extent, ~500 m depth). Mineralization is hosted in quartz-feldspar porphyry intrusions within mafic to intermediate volcanic units, structurally controlled by shear zones and mineralized faults.
• Historical Data Reinterpretation: Previous campaigns focused on quartz veins; new model targets diffuse/continuous mineralization in porphyry envelopes and shear corridors. Historical data suggests gold-bearing lenses plunging ~75° east, potentially linked to NNE-oriented faults.
• Recent Surveys: Airborne magnetic and VTEM survey completed to refine the structural framework and identify additional targets near the main zone.
• Exploration Strategy: Focus on defining a near-surface gold resource; management believes the zone may host bulk-tonnage mining model mineralization compatible with lower-grade envelopes.
• Regional Analogs: Similar porphyry-associated gold systems are found in the Malartic mining camp (Cadillac-Larder Lake deformation zone), including the Odyssey and Canadian Malartic mines.
• Project Status: Historically drilled ~2 km cumulatively; no exploration since 1984; open in all directions. Accessible year-round via secondary forestry roads near established mining infrastructure.
• Qualified Person: Technical information reviewed and approved by Gilles Laverdiere, PGeo, Chairman of the Board, per NI 43-101 standards.

Notable Quotes

• "Given the current gold price, it appears relatively easier to build an economic gold resource, even at grades below one gram per tonne. Today, half gram of gold is worth approximately $83 (U.S.), which is roughly equivalent to the average value of one gram of gold in 2024. It is therefore critical to define a near-surface gold resource as quickly as possible," stated Guy Morissette, president and chief executive officer.