21:31:49 EST Thu 26 Feb 2026
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Bullion Gold Resources Corp (2)
Symbol BGD
Shares Issued 101,062,820
Close 2026-02-26 C$ 0.10
Market Cap C$ 10,106,282
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Bullion Gold receives drill permits for Langlade

2026-02-26 18:54 ET - News Release

Mr. Guy Morissette reports

BULLION GOLD OBTAINS DRILLING PERMITS FOR THE LANGLADE PROJECT

Bullion Gold Resources Corp. has received approval from the Quebec Ministry of Natural Resources and Forests for its coming drilling program on its volcanogenic massive sulphide project, designated the Langlade project (formerly Cadillac extension).

Highlights:

  • Polymetallic VMS project targeting copper, zinc and silver, with indications of gold potential;
  • Significant historical mineralization traced over approximately 1,200 metres laterally and up to approximately 900 m vertically;
  • Drilling program of minimum 1,500 m targeting structural extensions of the deposit and infill of untested historical gaps;
  • New exploration targets to the north and the east, including untested geophysical and geochemical anomalies with gold grain indications;
  • Helicopter-borne mag-VTEM geophysical survey to unify historical east-west data and refine priority targets.

2026 exploration program

The company plans to commence its drilling program in the next weeks. Current geological analyses appear to indicate that the main Langlade showing is located on the south-southeast limb of a fold nose. The planned program will target the north-northeast limb of the same structure, a prospective area that could allow for the evaluation of a potential extension of mineralization.

Additional drilling will also be conducted within the main showing to close untested intervals between historical drill holes. This approach is expected to better define the geometry of the mineralization and refine the evaluation of the resource in place.

The company also plans to verify the potential presence of gold and silver north of the main showing, following anomalies identified through recent geochemical surveys as well as the occurrence of gold grains in the area.

Until then, the company will undertake a helicopter-borne mag-VTEM geophysical survey covering the main portion of the property. This survey will link historical geophysical data sets, notably by bridging a significant gap between previous surveys conducted to the east and west of the area, and will further refine magnetic and conductive anomalies identified in earlier campaigns. These efforts are intended to improve the overall structural understanding of the project and enhance targeting of priority zones for future work.

The company expects to receive the results of the geophysical survey prior to the commencement of drilling.

Description of the Langlade project

The Langlade project is located in a geological environment favourable to volcanogenic massive sulphide deposits. Historical mineralization is associated with semi-massive to massive sulphide horizons enriched in copper, zinc and silver, with gold potential.

Discovered by Cominco following airborne geophysical surveys conducted in the early 1990s, the main Langlade showing was subsequently the subject of few drilling campaigns. These programs outlined mineralization over approximately 1,200 metres laterally and to depths approaching 900 metres. The mineralized horizon occurs at the contact between mafic and felsic volcanic units, a geological setting characteristic of volcanogenic massive sulphide deposits.

Recent compilation of historical data by the company suggests that the known mineralization may be controlled by a large-scale fold structure, leaving open the possibility of additional lateral and structural extensions that remain partially or entirely untested. Certain historical geophysical and geochemical anomalies also remain insufficiently explored.

Qualified person

The scientific and technical information in this press release has been reviewed and approved by Gilles Laverdiere, PGeo. Mr. Laverdiere is a geologist and chairman of the board of Bullion Gold, a qualified person as defined by National Instrument 43-101.

About Bullion Gold Resources Corp.

Bullion Gold Resources is a junior mining exploration company primarily active in Quebec, particularly in the Abitibi and James Bay mining regions. The company holds a 100-per-cent interest in the Bousquet (gold), Langlade (copper, zinc, silver and gold), Bodo (Cu, Au, Ag, Zn, nickel, lithium, cobalt, manganese and lead) and Terragold (Au) projects.

The Bousquet project has been optioned to the Australian company Olympio Metals, which may acquire an up-to-80-per-cent interest in the gold project in consideration for $1.25-million in cash and shares, as well as $2-million in exploration expenditures. Should Olympio fulfill all its obligations, Bullion would retain a 20-per-cent net carried, undivided non-participating interest.

The Langlade project (72 claims -- 4,127 hectares) is a volcanogenic massive sulphide project currently in development and drill ready.

The Bodo project (761 claims -- 410 square kilometres) is an early-stage exploration project. Anomalous and indicative occurrences of critical and strategic minerals (Au, Ag, Cu, Zn, Ni, Li, Pb, Co and Mn) have been identified across the property. The main showings -- Rivon Lake, Canico, Lice, Tichegami and Didi -- demonstrate polymetallic, VMS and IOC potential.

Bullion recently acquired the Terragold project, located in the Senneterre region of Abitibi. The main showing, known since the early 1960s, has been intersected by drilling over a cumulative strike length of approximately two kilometres and has not been the subject of exploration work since 1984. The mineralized corridor associated with a quartz-porphyry system remains open in all directions. The company plans to undertake various exploration activities on this project in 2026.

We seek Safe Harbor.

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