Bullion Gold Confirms a Promising New Polymetallic Showing at Bodo and Identifies a Potential IOCG/SKARN-type Target

Executive Summary

• Bullion Gold Resources confirms polymetallic potential at the Canico showing with surface grades up to 2.16 g/t Au, 16.60 g/t Ag, 1.21 % Cu, 1.03 % Zn and 0.4 % Pb.
• The Licé zone is identified as a high‑potential IOCG/skarn‑type target, featuring anomalous 2.12 % P (≈7.16 % phosphate) and 22 % As together with Cu, Ag, Ni, Li and Zn.
• A 2,000–3,000 m drill program (~$1 M) is planned for the Rivon Lake corridor in 2026 to test north‑south structures; financing options are under evaluation.

Key Details

• Canico Showing (≈10 km west of Rivon): Surface samples from rare outcrops returned:
• Au 2.16 g/t
• Ag 16.60 g/t
• Cu 1.21 %
• Zn 1.03 %
• Pb 0.4 %
• Historical Context: Prior erratic‑block sampling in the same area yielded up to 2.86 g/t Au, 61 g/t Ag and 6.77 % Cu, underscoring a robust mineralized setting.
• Licé Zone (IOCG/Skarn Target): Geochemical signature includes:
• P 2.12 % (≈7.16 % phosphate)
• As 22 %
• Elevated Cu, Ag, Ni, Li, Zn, Mn
• Strong magnetic anomaly and ultramafic‑iron formation association.
• Rivon Lake Sector: Historical 1960s drill holes plus recent 2024‑25 surface sampling indicate high‑grade Cu, Ag, Zn, Au, Pb. Company envisions a ~1 km E‑W by >3 km N‑S mineralized corridor.
• Planned Drill Program:
• Length: 2,000–3,000 m
• Estimated cost: ≈ $1 M
• Timing: Potential start early 2026, contingent on logistics and financing.
• Financing Status: Management evaluating multiple financing alternatives to fund the drill campaign; no definitive arrangement disclosed.
• Qualified Person: Gilles Laverdière, P.Geo., Director, reviewed and approved all technical information per NI 43‑101.

Notable Quotes

“The presence of such high phosphorus and arsenic grades, combined with a well‑defined magnetic anomaly, is a strong signal that we may be looking at a major mineralized system.” – Guy Morissette, President & CEO

“Last year, samples collected from angular erratic blocks in the same area already demonstrated encouraging values… confirms a promising geological setting for strategic minerals and precious metals.” – Guy Morissette, President & CEO