Drilling Resumes at Bousquet Gold Project, Quebec
Bullion Gold Pivot to Bousquet Exploration Intensifies as Partner Probes Shallow High-Grade Potential
The most recent news release (February 12, 2026) announces that Bullion Gold’s partner, Olympio Metals, has commenced its second drill program at the Bousquet Gold Project in Quebec. This program is specifically targeting the Paquin Prospect and consists of eight diamond drill holes totaling approximately 1,200 meters. The exploration focus is on the top 100 meters of mineralization, an area that has not seen significant drilling since the 1940s. The objective is to validate historical data that is too old (over 80 years) to be used in modern 3D modeling and to follow up on high-grade intercepts discovered during the 2025 maiden program.
The news is a routine progress update and is considered Materially Positive in terms of operational execution, but not a "game changer" at this stage. - Execution of Strategy: This confirms that the option agreement with Olympio Metals is active and progressing. Bullion Gold is benefiting from exploration work being funded and managed by a partner, preserving its own capital for other projects like Terragold. - Validation of High-Grade Potential: The focus on the shallow Paquin zone follows 2025 results that included significant intercepts like 7.9m at 6.2 g/t Au. If successful, this program could provide the data density required for a future resource estimate. - Data Modernization: Replacing 1940s-era data with modern NQ diamond drilling and 3D modeling is essential for any eventual economic assessment. - Materiality Context: While positive, the start of a drill program is an expected event. The material impact on the stock price will depend on the assay results from these holes, expected in the coming months.
Bullion Gold Resources Corp. is a Canadian explorer focused on gold and polymetallic assets in Quebec. - Flagship Project: Bousquet Gold Project, located on the Cadillac Break. It is currently under option to Olympio Metals, where Bullion retains a 20% undivided net carried interest. - Secondary Projects: - Terragold: Recently consolidated to 100% ownership; viewed as a low-grade, open-pit gold target. - Bodo Project: A massive 410 sq. km property targeting copper, gold, and strategic minerals (lithium, cobalt). - Cadillac-Extension (Langlade): A VMS-style target acquired from SOQUEM.