Northwire Canada EditionFriday, July 31, 2026
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NMI 0.195 +0.0% TKO 9.87 +4.4% ELD 45.89 +2.2% DG 0.045 +12.5% TNGD 6.33 +3.4% DPM 52.30 +6.1% EPL 0.180 +2.9% NTH 0.160 +3.2% GGM 0.035 +0.0% ITR 3.01 +4.9% CS 13.25 +3.5% EMO 0.325 +1.6% CAN 0.050 −9.1% MOON 7.40 +3.4% FG 0.035 +0.0% SBMI 0.125 +0.0% NMI 0.195 +0.0% TKO 9.87 +4.4% ELD 45.89 +2.2% DG 0.045 +12.5% TNGD 6.33 +3.4% DPM 52.30 +6.1% EPL 0.180 +2.9% NTH 0.160 +3.2% GGM 0.035 +0.0% ITR 3.01 +4.9% CS 13.25 +3.5% EMO 0.325 +1.6% CAN 0.050 −9.1% MOON 7.40 +3.4% FG 0.035 +0.0% SBMI 0.125 +0.0%
Drill Results Routine +

Diamond Drilling Intersects Multiple Visible Gold Occurrences at the Bousquet Gold Project

Visible Gold in Quebec Core Validates Partner Program as Bullion Gold Pivots to Carried Interest Model

By The Northwire Desk — AI Analysis Feb 17, 2026 · 08:16 BGD · 0.065 Bullion Gold Resources Corp.
Executive Summary

The most recent news release dated February 17, 2026, reports that diamond drilling at the Bousquet Gold Project has intersected multiple visible gold occurrences in the fourth hole of the 2026 program (BO-26-63). The mineralization was observed within a 6.25-meter zone of dark quartz veining at the Paquin prospect. This follows the resumption of drilling on February 12, 2026, which aims to complete 1,200 meters across eight holes. These visual observations are speculative as laboratory assays are not expected until March 2026. The program is being managed and funded by partner Olympio Metals, which is earning into an 80% interest in the project.

Material Impact
  • Exploration Speculation: While "visible gold" is a positive qualitative indicator, it lacks quantitative reliability until assays are released. The company itself categorized the metadata of the release as "Non-Material - Positive" pending these results.
  • Carried Interest Strategy: The impact on Bullion Gold’s balance sheet is minimal in the short term because Olympio Metals is funding 100% of the exploration costs at Bousquet. Bullion Gold’s primary benefit is the potential appreciation of its 20% "net carried interest" and its existing equity stake in Olympio Metals (1,090,832 shares).
  • Validation of Model: The news confirms that the Paquin/Amadee structural trend remains fertile at depth, supporting previous high-grade results from 2025 (e.g., 1.50m @ 54.20 g/t Au).
  • Asset Consolidation: The recent move to 100% ownership of the Terragold Project (January 2026) suggests management is trying to balance its "carried" flagship (Bousquet) with projects they can operate independently, though they currently lack the capital to do so aggressively.
BGD · Price
Company Overview

Bullion Gold Resources is a Quebec-focused explorer. - Flagship Project: The Bousquet Gold Project, located on the Cadillac Break. It is currently under option to Olympio Metals (ASX: OLY), where OLY can earn 80% by spending C$2M and paying C$1.25M. - Secondary Projects: Bodo (Polymetallic/VMS), Cadillac-Extension (VMS), and Terragold (Low-grade open-pit gold). - Strategy: Management has shifted to a joint-venture model for its primary asset (Bousquet) to preserve cash while acquiring 100% interests in surrounding land packages like Terragold.

Read the original news release →

More from Bullion Gold Resources Corp.

Jun 30, 2026 · 07:01

Bullion Reports 5.4 g/t Au and 5.0 g/t Ag in Surface Grab Sample and Commences Validation Drilling at Terragold

Drill Results Jun 17, 2026 · 06:31

Bullion Closes $2M Private Placement

Financings Jun 09, 2026 · 06:31

Bullion Mobilizes Field Team to Terragold Project and Increases Private Placement to $2 Million

Drill Results Jun 02, 2026 · 07:01

Bullion Gold Raises $1.5M to Validate Terragold Gold Corridor as Olympio Drills High-Grade Bousquet Lodes

Financings May 27, 2026 · 16:24

Strategic Milestone Achieved

Drill Results May 27, 2026 · 07:01

Bullion Gold Advances Bousquet Milestone as Olympio Resumes Drilling on High-Grade Lode

Drill Results