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Bullion Gold Acquires 100% of the Terragold Project and Consolidates a Strategic Gold Asset
Montreal, Quebec--(Newsfile Corp. - January 26, 2026) - Bullion Gold Resources Corp. (TSXV: BGD)...
About this update from Bullion Gold Resources Corp.
[{"type":"text","content":"Bullion Gold Acquires 100% of the Terragold Project and Consolidates a Strategic Gold AssetMontreal, Quebec--(Newsfile Corp. - January 26, 2026) - Bullion Gold Resources Corp. (TSXV: BGD) (\"Bullion Gold\" or the \"Company\") is pleased to announce the signing of an amendment to the original acquisition agreements for the Transterre and Transterre-Ouest properties, now unified under the name Terragold Project.A Streamlined Transaction for Increased Value To finalize the complete (100%) acquisition of Terragold, the Company will issue a total of 3.5 million common shares. This revised agreement allows Bullion Gold to eliminate its future payment obligations or completion milestones set out in the initial agreement, thereby simplifying its capital structure while taking full control of a promising asset. Located in a highly prospective geological sector, the Terragold project represents another key piece of Bullion Gold's growth strategy. By consolidating the Transterre and Transterre-Ouest blocks, the Company optimizes its exploration and development capacity across the entire structure. \"This acquisition secures full ownership of Terragold for consideration solely in shares. We are thus preserving our cash while providing our shareholders with maximum exposure to the potential of this additional gold project,\" stated Mr. Guy Morissette, CEO of the Company.A New Interpretation The decision to consolidate the asset at 100% is based on an in-depth compilation of historical work which revealed that the drilling carried out by Kerr Addison in 1984 (GM 40993) was mislocated in government databases (SIGEOM). The Discrepancy: Kerr Addison's drill holes are located approximately 500 meters further east than what was recorded on the SIGEOM map.Data Rehabilitation: At the time, Kerr Addison's lower-grade results had cast doubt on the reliability of the high historical grades reported by the company Transterre. The repositioning of the drill holes within the main zone appears to support this hypothesis. However, the comparison of low-grade results between the two companies in the same drilling section (e.g., 0.74 g/t Au over 14.77 m for Kerr vs. 1 g/t Au over 10.6 m for Transterre) demonstrates notable consistency in low grades. The Company has therefore decided not to consider the high-grade historical results mentioned in Transterre's h...