Bullion Gold Resources Corp. (TSX.V: BGD) has seen over 1,700 meters of drilling completed as a part of a 3,000-metre drilling program at the Bousquet project, located in Abitibi, Quebec. Silicified and arsenopyrite-bearing sheared corridors have been identified in the first seven holes, which vary in length from 210 to 270 meters. According to GoldSpot Discoveries’ 3D modeling, there are about ten gold lenses in the Paquin East zone and the potential for training folds. Gold was visible in several historical and current drill holes in addition to having visible gold. The Company is still waiting on the results of the Paquin Est 1000-meter program, which was completed at the end of September 2022.
The Paquin, Decoeur, Joannès, and CB1 gold discoveries cross the southern part of the Bousquet property over nearly 3 km. To assess the surface potential of the Paquin Est claim, the Company will conduct a series of short drillings in 2023 to evaluate its resources near the surface. The Paquin Est discovery, which has been explored up to 300 m deep to date, will also be drilled in 2023 if the exploration budget allows. The Paquin-Ouest and Decoeur areas will also be drilled if the budget permits.
The Company wishes to provide further information regarding issues raised in the March 28 announcement. On November 3, 2022, the Company issued 3,505,000 common shares at $0.06 and 4,968,750 flow-through shares at $0.08 for proceeds of $607,800. The Bousquet property will be the focus of future explorations. In addition, the Company would like to clarify that three independent intermediaries received a combined $22,500 in cash and 281,250 warrants with an exercise price of $0.08 for 24 months in connection with the press release dated November 3, 2022.