BULGOLD Completes Drilling on the Lutila Gold Project
Bulgold completes 780 metres of drilling at its Slovak gold project, with assay results pending.
Bulgold Inc. (ZLTO) has completed its diamond drilling campaign at the Lutila Gold Project in Central Slovakia. The company drilled four holes totaling 780.05 metres to test quartz-adularia low-sulfidation epithermal gold. All core samples have been dispatched to SGS Burgas in Bulgaria, with final assay results expected in the latter half of August 2026. The release contains no grade, thickness, or intercept data.
Bulgold Inc. (ZLTO) has issued an operational update confirming the completion of a previously disclosed drill program. The release introduces no new assay data and does not alter the company’s resource thesis.
For a grassroots explorer with 72.6 million shares outstanding and a stock price below $0.10, the market had already anticipated pending assays. The stock has traded in the $0.05 to $0.06 range for several weeks.
Bulgold Inc. (ZLTO) controls 100% of three low-sulfidation epithermal gold projects in the Western Tethyan Belt: Lutila in Slovakia, and Kostilkovo and Kutel in Bulgaria. The company’s flagship Lutila project, which covers a 32.2 km² licence, is situated between the historic Kremnica and Banská Štiavnica gold-silver districts.
In 2026, the discovery of the Kopernica vein system yielded a first drill intercept of 6 m @ 0.14 g/t Au, with surface samples returning up to 2.88 g/t Au. No resource or economic study currently exists, and the company remains in the early-stage exploration phase.
As of June 30, 2026, 72.6 million shares were outstanding, with insiders holding approximately 20%. Pro-forma cash following the April 2026 raise stood at approximately $1.43 million, calculated from $259k at year-end plus a $1.17M raise, though spending has since reduced that balance.