Bullion Gold Completes Terragold Validation Program with 3,909 Metres Drilled
Bullion completes validation drilling at Terragold, awaiting assay results to define near-surface gold potential.
Bullion Gold Resources Corp. has completed a validation drilling program at its 100%-owned Terragold property in Quebec. The initiative consisted of 3,909 metres drilled across 32 diamond drill holes, with the primary objective of validating historical data and confirming the continuity of mineralization. Shallow drilling successfully intersected targeted geological and mineralized zones in all completed holes.
Surface channel and grab sample results were reported, with assays for 20 remaining channel samples still pending. Management indicated that the focus now shifts to interpreting assay results and integrating them into the geological model. CEO Simon Britt stated that shareholders can expect a steady flow of drill results beginning in September.
Bullion Gold Resources Corp. (BGD) has completed its validation drilling program, a routine milestone following the June 30, 2026 announcement that drilling had commenced. No new assay results or grade intersections are disclosed in this release, meaning the fundamental valuation remains unchanged until the September assay releases. The news confirms management's execution capability and adherence to the exploration timeline. The market impact is currently neutral to slightly positive, as the stock has been consolidating. The actual price catalyst will depend entirely on the upcoming assay results confirming the historical high-grade intercepts and the porphyry system continuity.
Bullion Gold Resources Corp. is a pre-revenue exploration-stage company focused on the Abitibi Greenstone Belt in Quebec. Its flagship asset is the 100%-owned Terragold project, which covers 2,058 hectares and features a quartz-feldspar porphyry system. Historical drilling has intersected a gold mineralized corridor over a strike length of more than 2 km to a depth of approximately 250 m, with a historical bulk sample grading 3.64 g/t Au. The system remains open in all directions.
The company also holds other assets, including a 20% net carried interest in Bousquet, which has been optioned to Olympio Metals, the 100%-owned Langlade VMS Cu-Zn-Ag project, and the 100%-owned Bodo polymetallic prospect. Recently, Bullion Gold Resources completed a comprehensive 3D geological model of Terragold to identify high-priority targets for validation drilling.