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Bullion Gold Resources Corp (2)
Symbol BGD
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Close 2026-02-12 C$ 0.065
Market Cap C$ 6,338,333
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Bullion Gold restarts drilling at Bousquet project

2026-02-12 18:58 ET - News Release

Mr. Guy Morissette reports

DRILLING RESUMES AT BOUSQUET GOLD PROJECT, QUEBEC

Bullion Gold Resources Corp.'s partner, Olympio Metals, has commenced the second drill program at the Bousquet gold project. This program will focus on following up the high-grade intercepts from the Paquin prospect and providing reliable, modern drill hole data for the top 100 metres (m) of the mineralization.

Highlights:

  • Drilling has recommenced at Bousquet gold project, focused on the Paquin prospect, following up the high-grade results from the maiden drill program in 2025, which included:
    • 6.40 m at 6.54 grams per tonne (g/t) gold (Au) from 183.0 m (BO-25-27);
    • 7.90 m at 6.20 g/t Au from 138.0 m (BO-25-28);
    • 1.50 m at 54.20 g/t Au from 235.5 m (BO-25-28);
  • Two holes will test the upplunge and updip positions of BO-25-27, which intersected visible gold;
  • The remainder of the program will target the top 100 m of the Paquin prospect, which has not been drilled since the 1940s;
  • Eight diamond holes for approximately 1,200 m will provide additional information on the Paquin gold system through the zones of unreliable historical drilling;
  • Bousquet gold project, located on Cadillac Break in Quebec, Canada, a regional structure associated with world-class gold mines ( more than 110 million ounces (oz) Au;
  • Situated within 15 km of multimillion ounce working gold mines (Agnico Eagle's La Ronde -- 15.8 million oz Au and Iamgold's Westwood -- 2.4 million oz Au).

The planned program comprises eight holes initially at Paquin, with the intention of increasing confidence in the gold mineralization model for the top 100 m, as well as providing important structural data to test the current structural model for Paquin. The scope of the drilling program remains flexible. Should initial results from the drill core warrant additional investigation, the program may be extended to maximize the value of the information gathered.

Olympio's managing director Sean Delaney commented:

"After a highly successful maiden drill program in 2025, Olympio is excited to recommence drilling at Paquin for 2026. This program will provide further insight to the shallower parts of the Paquin gold system, where the majority of historical drill coverage is from the 1940s. These historical data sets are over 80 years old and are not reliable to incorporate into a 3-D model, with outdated survey methods and incomplete sampling intervals. Olympio looks forward to updating investors on the drilling progress over the coming weeks."

Olympio has the option to acquire an 80-per-cent interest in the Bousquet project in Quebec from Bullion Gold Resources for total payment of $1.25-million (cash and shares) and an exploration investment of $2-million. Olympio has made payments of $300,000 (cash and shares) to date and completed exploration spend of nearly $1.0-million. Bullion will retain a 20-per-cent undivided interest (net carried interest) in this project.

Qualified person

Scientific and technical information presented in this news release has been reviewed and approved by Gilles Laverdiere, PGeo. Mr. Laverdiere is a geologist, chairman of the board of Bullion Gold and a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Bullion Gold Resources Corp.

Bullion Gold Resources is a junior mining exploration company operating primarily in Quebec, specifically in the Abitibi and James Bay mining regions.

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