06:09:32 EDT Tue 01 Jul 2025
Enter Symbol
or Name
USA
CA



Bullion Gold Resources Corp (2)
Symbol BGD
Shares Issued 70,250,806
Close 2025-06-18 C$ 0.05
Market Cap C$ 3,512,540
Recent Sedar Documents

Bullion Gold closes Cadillac Extension acquisition

2025-06-18 19:57 ET - News Release

Mr. Guy Morissette reports

BULLION GOLD COMPLETES THE ACQUISITION OF THE CADILLAC EXTENSION (LANGLADE) PROJECT

Bullion Gold Resources Corp. has closed the transaction to acquire 100 per cent of the Cadillac Extension project from SOQUEM Inc. Located approximately 100 kilometres east of the municipality of Senneterre, this project is accessible year-round via a well-developed forest road network.

The Cadillac Extension project comprises 62 mining claims covering an area of approximately 3,550 hectares, including over $1.4-million in exploration work credits. This project, with potential for volcanogenic massive sulphide (VMS) mineralization, was discovered in 1991 by Cominco Ltd. and has shown very promising historical drilling results, as detailed in the attached table.

Semi-massive sulphides with outcropping were discovered in 1991 through an airborne electromagnetic survey, followed by ground-based electromagnetic, ravimetric, and geochemical surveys.

The Langlade showing is characterized by copper, zinc, silver and gold mineralization located at the contact between felsic to intermediate metavolcanics and mafic metavolcanics (GM 65347). Secondary elements, such as indium, lead, and nickel, have also been identified. This primarily tabular zone is composed of semi-massive and disseminated sulphides extending over approximately 300 metres in length, with a width ranging from 50 to 100 metres, and exhibits a lenticular shape (MB 94-34, GM 65347).

Drilling has traced the mineralization eastward from the outcrops over a distance of more than 1,200 metres and down to a depth of 900 metres (GM 58489, GM 65347). The main horizon has an average thickness of 50 metres and dips gently (20 degrees) to the southeast. Blasting work revealed a new significant copper- and zinc-rich mineralized zone located 200 metres north of the main area (GM 58489). Trench 1 exposed along nearly its entire length one or several sulphide-rich beds one to two metres thick, while a similar bed was observed in trench 4, 12 metres to the southeast (GM 58490).

Several untested electromagnetic conductors (INPUT, HEM), as well as numerous unexplored induced polarization (IP) anomalies, have also been identified. The magnetic signature reveals the presence of faults and folds, a geological setting favourable for the formation of massive and semi-massive sulphide lenses.

In the short to medium term, the company's objectives are to test the lateral and depth extensions of the Langlade showing, while also investigating the electromagnetic (INPUT, HEM) and IP anomalies detected in its immediate vicinity. The goal is to identify new VMS-type lenses similar to Langlade.

The project also offers strong exploration potential in the northeastern portion of the property, where several significant geophysical anomalies (INPUT and IP) have been identified, warranting further drilling.

Acquisition of the Cadillac Extension project

The company has signed an agreement for the acquisition of this project in exchange for the issuance of six million shares, representing a value of $300,000, and the granting of a 1-per-cent net smelter return (NSR) royalty. Through this agreement, SOQUEM will become one of the company's principal shareholders with an ownership stake of approximately 7.9 per cent of the issued and outstanding shares. An additional bonus payment of $400,000 would be payable to SOQUEM upon the publication of a measured and indicated resource estimate compliant with Canadian National Instrument 43-101 standards exceeding five million tonnes at a grade of 1 per cent copper equivalent (CuEq).

This news release was read and approved by Gilles Laverdiere, PGeo, director and qualified person under National Instrument 43-101.

About Bullion Gold Resources Corp.

Bullion Gold is involved in the identification, exploration and development of viable mineral properties in the province of Quebec. The company is developing the 100-per-cent-owned Bousquet (under option with Olympio Metals) and Bodo SM projects.

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