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Bousquet Gold Project: Update on the Property Located on the Cadillac Larder Lake Fault
MONTREAL, March 01, 2022 (GLOBE NEWSWIRE) -- Bullion Gold Resources Corp. (TSX-V: BGD) (“Bullion Gold” or “the Company”) provides an update on its Bousquet proj
About this update from Bullion Gold Resources Corp.
[{"type":"text","content":" MONTREAL, March 01, 2022 (GLOBE NEWSWIRE) -- Bullion Gold Resources Corp. (TSX-V: BGD) (“Bullion Gold” or “the Company”) provides an update on its Bousquet project, which is in the Rouyn-Noranda-Cadillac mining camp, in Abitibi, Quebec. Project Highlights Gold project consisting of 71 claims, 2,369 hectares located in the center of the Abitibi mining camp, along the Cadillac-Larder Lake fault over more than 8 km; Mineralized corridor containing 5 significant gold showings over more than 3.4 km; Presence of visible gold in many historical and current drillings; Planned program of 15,000 meters of drilling in 2022; Several magnetic targets to be tested by drilling; More than 100M ounces of gold produced in the CLL fault environment. Bousquet Project Composed of 71 claims covering an area of approximately 2,369 hectares, the Bousquet project, located in the heart of the world-renowned Abitibi mining camps of Rouyn-Noranda, Cadillac, and Val d'Or, runs along more than 8 kilometers of the very prolific gold-bearing Cadillac - Larder Lake Fault (CLL). This fault, associated for more than a hundred years with numerous gold deposits as well as hundreds of gold showings, is regularly the subject of work by various junior or major mining companies. More than 100 million ounces of gold have been produced to date in the immediate vicinity of the fault. The Bousquet project, well anchored in this gold environment, contains eight gold showings confirmed by drilling. The main CB-1, Paquin East, Paquin West, Decoeur and Joannes showings are located south of the CLL fault, along a sheared, mineralized and silicified auriferous corridor of approximately 3.4 kilometers long varying from a few meters to more than 30 meters wide which, according to historical and current data, contains visible gold on a regular basis. The Bouzan, Normar and 17932 showings are located north of the CLL fault. According to the data noted by the Company in the various drilling reports, several historical results would have been influenced downwards, mainly due to poor core recovery, sometimes up to 30%, as well as a lack of analyzes in the potential gold zones. With more modern equipment and larger drill core in terms of diameter, the Company management believes that core recovery will be much more efficient. As a result, the drill results should be more representati...