The first seven holes, varying in length from 210 m to 270 m, all encountered different silicified and arsenopyrite-mineralized lenses within a sheared corridor approximately 100 meters wide. In the Paquin East zone where the current program is located, we note the presence, according to the 3D modeling interpreted by GoldSpot Discoveries, of about ten gold lenses as well as the possible presence of training folds. The company also notes the presence of visible gold in several historical and current drill holes.
'We are very pleased with what we are currently seeing in the drilling cores. These will facilitate a better understanding of the gold system in place in the Paquin East zone and will help with the establishment of other drill holes in 2023 to verify the potential of this showing near surface,' says
About the 1000-meter program also carried out on the Paquin Est showing at the end of
Potential near the surface
A sheared and folded corridor containing the Paquin, Decoeur, Joannes and CB1 gold showings crosses the southern part of the Bousquet property over nearly 3 km. As this project is located very close to mining infrastructures specializing in the processing of gold ore, the management of the company will undertake another series of short drillings in 2023 to assess the surface potential of the Paquin Est showing and first try to define a resource near the surface that can be economically viable.
Drilling will be concentrated between the surface and 100 meters vertical depth. The Paquin Est showing has been intersected up to more than 300 meters deep to date and it still remains open at depth.
If the exploration budget allows, the Paquin-Ouest and Decoeur showings will also be drilled in 2023.
Financing
Further to the PR on
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About
Bullion Gold is involved in the identification, exploration, and development of viable mineral properties in the Province Quebec and
Contact:
President and CEO
E: jhamel@bulliongold.ca
T: 514-317-7956
Other Information
The
Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements are frequently characterized by words such as 'plan', 'expect', 'project', 'intend', 'believe', 'anticipate', 'estimate', 'may', 'will', 'would', 'potential', 'proposed' and other similar words, or statements that certain events or conditions 'may' or 'will' occur. The forward-looking statements are based on certain key expectations and assumptions made by the Corporation. Although Bullion Gold believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Bullion Gold can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. In addition to other risks that may affect the forward-looking statements in this press release are those set out in the Corporation's management discussion and analysis of the financial condition and results of operations for the year ended
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