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Bullion Hires Momentum PR Firm as Work Begins on Rivon Polymetallic Showing at Bodo Project
Montreal, Quebec--(Newsfile Corp. - June 3, 2024) - Bullion Gold Resources Corp. (TSXV: BGD) ("B...
About this update from Bullion Gold Resources Corp.
[{"type":"text","content":"Bullion Hires Momentum PR Firm as Work Begins on Rivon Polymetallic Showing at Bodo ProjectMontreal, Quebec--(Newsfile Corp. - June 3, 2024) - Bullion Gold Resources Corp. (TSXV: BGD) (\"Bullion Gold\" or \"The Company\") is pleased to announce that it has retained the services of Momentum PR (\"Momentum\"), a firm specializing in promotion and investor relations. Momentum has a long history of representing several exploration companies through its extensive network and experience in the financial markets. The agreement with Momentum has a term of 6 months from the date of approval by the TSX Venture Exchange (\"TSXV\") and may be terminated at any time without charge by either party upon 30 days' notice. Momentum will receive a monthly fee of $8,000 and will be granted stock options to acquire up to 600,000 common shares at a price of $0.055 per share for a term of three years in accordance with the Company's stock option plan and the policies of the TSXV.Bodo ProjectThe Company will begin this week its first phase of exploration on its Bodo project, in the area of ​​the Rivon, Canicos and Papas showings. The Bodo property, consisting of 722 claims (39,000 Ha), is 100% owned by the Company.Rivon ShowingThe Rivon Showing is located in the northeastern part of a broad corridor approximately 3.2 km thick comprising a package of massive and laminated volcanic rocks. The amphibolites represent metamorphic equivalents of basic volcanics. This greenstone assemblage is surrounded by a complex of gneiss and granite.East of Holton Lake, a greenstone belt is up to four miles wide and extends westward for a total distance of approximately 80 km.A few kilometres north of this belt, three narrow discontinuous bands of greenstone are interpreted as the remnants of a single, broader belt. At Holton Lake and a few kilometres south of it are rocks of the Mistassini Group.The presence of copper, zinc, gold, silver and molybdenum is regularly noted in the various exploration works carried out in previous years in these different geological environments.MineralizationSeven mineralized outcrops were discovered by Merrill Island Mining in 1963 on the Rivon showing. Three of these were visited by Gilles Duquette, Chibougamau Resident Geologist in 1964 (GM14279). The following description is derived from his report.\"The No. 3 copper show...