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Bullion Gold Resources Begins Drilling Campaign on Bousquet
MONTRÉAL, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Bullion Gold Resources Corp. (TSX-V: BGD) (“Bullion Gold” or the “Corporation”) announces the start of the first par
About this update from Bullion Gold Resources Corp.
[{"type":"text","content":" MONTRÉAL, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Bullion Gold Resources Corp. (TSX-V: BGD) (“Bullion Gold” or the “Corporation”) announces the start of the first part of a 15,000 meters drilling campaign planned on the Bousquet project for the year 2021-2022. The Corporation plans to complete approximately 2,000 meters by the holiday season. The drilling program will focus on establishing the extension of the known gold system at depth. A strongly mineralized gold system was discovered in the southern portion of the Bousquet property. Four gold showings, Decoeur, Paquin, CB 1 and Joannes, were discovered during the first exploration work (1932 to 1945) on the property. They are in a 2.5-kilometer hydrothermal gold system in a shear zone parallel to the Cadillac-Larder Lake fault approximately one km south of it. These showings probably formed in the same episode of mineralization within regional east-west trending faults. “We are excited to start a first drilling program on this project. It has a most interesting history while being located in a highly favorable sector recognized worldwide,” said the CEO of the company, Jonathan Hamel. On the Paquin showings, grades of 7.13 g / t Au over 12.10 meters, 4.51 g / t Au over 9.40 and 2.44 g / t Au over 13 m were intersected in historical drilling (GM 07013-A). On the Decoeur showing, 1.26 g / t Au over 18.60 m and 1.16 g / t Au over 16.80 m were intersected in historical drilling (GM 07013-A). On the newly acquired western block, 26.46 g / t Au and 19.55 g / t Au over widths of 1.5 m were discovered on the Joannes gold showing (GM 00735-B). No recent drilling has been done on the property. The deepest gold intersection on the property was on the Paquin showing at a vertical depth of 325 m where 23.52 g / t Au over 1.2 m was intersected (GM 61411). High grade gold mineralization at depth is known from nearby mining operations. For example, grades of 38.1 g / t Au over 4.0 m were found at a vertical depth of 1,600 m at the Westwood mine (IAMGOLD), 14.8 g / t Au over 4.9 m at the 1.335 m level at the Lapa mine (Agnico Eagle). Recent drilling at the old O'Brien mine by Radisson intersected 24.22 g / t Au over 3.0 m at 900 m depth. Longitudinal sections of historic drillings show that all showings of this powerful gold system are open at depth and future drilling will verify their continuity ...