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Bullion Gold Resources Corp. (TSXV: BGD) announces a non-brokered private placement targeting $1M in gross proceeds, comprising $200K in units at $0.05 each and $800K in flow-through units at $0.07 each. The funds will support exploration of its Bodo Project and working capital needs.
The Bodo project, spanning 40,400 hectares north of Lake Mistassini, features multiple gold and polymetallic showings. Recent exploration in June 2024 confirmed its polymetallic nature, with samples yielding up to 3.8 g/t Au, 384 g/t Ag, and 6.77% Cu. The company also holds the Bousquet project, which runs along the Cadillac-Larder Lake fault for 8 km.
Bullion Gold Resources Corp. (TSXV: BGD) has announced promising sampling results from its Bodo project, revealing significant gold, silver, and copper grades. The initial results from the Rivon Lake and Canico showings indicate strong polymetallic potential, with anomalous contents of Cu, Zn, Ni, Co, Au, and Ag in most areas visited. Highlights include:
- A sample from Rivon zone with 13.8 g/t Au, 291 g/t Ag, and 1.7% Cu
- A sample from Canico zone with 2.86 g/t Au and 616 g/t Ag
The company plans to conduct an airborne magnetic geophysical survey coupled with EM reading in the fall of 2024, followed by a drilling program in 2025 to test lateral and depth extensions of known zones.
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