Bullion Gold Discoveries Corp. (TSXV: BGD) has released the final results of its channel sampling program at its 100%-owned Terragold property, located approximately 12 km south of Senneterre, Quebec, in the Abitibi Greenstone Belt. The program completed 22 channels across six outcrops, with standout results including 22.20 g/t gold and 24.50 g/t silver over 1.0 metre in channel R21. The high-grade surface results reinforce the project's historical drilling record and draw investor attention as the company awaits its first diamond drilling assay results.

Key Points

  • Bullion Gold Discoveries Corp. (TSXV: BGD) is a Quebec-focused mineral exploration company
  • Final channel sampling at Terragold returned 22.20 g/t Au and 24.50 g/t Ag over 1.0 metre in channel R21
  • A broader intersection of 2.80 g/t Au and 3.65 g/t Ag over 9.6 metres was also recorded in R21; 16 of 22 channels graded above 0.30 g/t Au
  • Investors may be watching for the first diamond drilling assay results, which the company states are expected soon

High-Grade East Outcrop Results Anchor Terragold Channel Program

Channel R21 at the East outcrop delivered the program's headline intersection of 2.80 g/t Au and 3.65 g/t Ag over 9.6 metres, which includes a higher-grade sub-interval of 3.21 g/t Au and 4.26 g/t Ag over 8.0 metres, and a peak result of 22.20 g/t Au and 24.50 g/t Ag over 1.0 metre. The Terragold Showing outcrop also returned notable results, with channel R15 grading 2.60 g/t Au and 2.24 g/t Ag over 1.7 metres. In total, 16 of the 22 completed channels returned grades exceeding 0.30 g/t Au over at least one metre. The company noted that true widths remain unknown at this time.

East Outcrop Lies 400 Metres From Historical Bulk Sample Site

According to the release, the East outcrop hosting channel R21 was stripped by the Explo-Logik team in June and is situated approximately 400 metres east of a historical 245 kg bulk sample that graded 4.84 g/t Au. President and CEO Simon Britt stated that the high surface grades "lend credibility to the numerous historical high-grade diamond drilling intersections" and described the results as consistent with the company's ongoing validation program. The Terragold gold mineralised corridor has been intersected by drilling over a strike length exceeding 2 kilometres and to a depth of approximately 250 metres, and remains open in all directions.

AGAT Laboratories Conducted ISO-Certified Sample Analysis

All channel samples were prepared and analysed by AGAT Laboratories in Val-d'Or, Quebec, an independent laboratory certified under ISO/IEC 17025 standards. Gold analyses were conducted using 50 g fire assay with an atomic absorption spectroscopy finish, with elevated-grade samples re-analysed using a gravimetric finish. Silver and other multi-element suites were assessed via four-acid digestion followed by ICP-OES. The company states it adhered to industry-standard QA/QC procedures, including certified reference materials, blank samples, and field and laboratory duplicates. The technical disclosure was reviewed and approved by qualified person Suzie Tremblay of Explo-Logik.

Diamond Drilling Assay Results Awaited as Exploration Advances

The company states it will focus on receiving and interpreting assay results from its ongoing diamond drilling program over the coming weeks. New drilling data is to be integrated with historical information and the Terragold three-dimensional model to identify priority areas for future exploration phases. The Terragold property encompasses 38 claims covering 2,058 hectares. The immediate share price impact was not clear from available public information.