Bullion Gold Discoveries Corp. (TSXV: BGD) has released assay results from two diamond drill holes at its 100%-owned Terragold property in the Abitibi Greenstone Belt, approximately 12 km south of Senneterre, Quebec. Drill hole TG-04 returned a headline intercept of 1.73 g/t Au over 13.4 metres, including a high-grade interval of 22.00 g/t Au, 38.60 g/t Ag, and 257 ppm Mo over 0.3 metres. The results support an intrusion-related gold system interpretation at depth, with 26 additional drill holes still pending assay results.

Key Points

  • Bullion Gold Discoveries Corp. (TSXV: BGD) announced drill assay results from the Terragold validation drilling campaign in Quebec.
  • TG-04 intersected 1.73 g/t Au over 13.4 metres, including 3.80 g/t Au over 4.4 metres and a peak of 22.00 g/t Au over 0.3 metres.
  • A distinctive Au-Ag-Mo geochemical signature, with molybdenum reaching 257 ppm, points to a high-temperature magmatic-hydrothermal origin.
  • Investors may be watching for rolling assay disclosures from the 26 remaining drill holes referenced in the announcement.

TG-04 Drill Results Define a Wide Mineralised Envelope at Terragold

Drill hole TG-04 intersected a broad mineralised envelope of 53.6 metres grading 0.60 g/t Au, within which a higher-grade zone of 27.5 metres returned 0.97 g/t Au. The best interval, 13.4 metres at 1.73 g/t Au, includes a peak of 22.00 g/t Au, 38.60 g/t Ag, and 257 ppm Mo over 0.3 metres. Companion hole TG-03, located 38 metres to the north, intersected 7.5 metres at 0.68 g/t Au, including 0.8 metres at 3.68 g/t Au, demonstrating lateral continuity of sheared structures and pyritised horizons. The company notes that reported widths are core lengths and true thicknesses remain unknown at this stage.

Au-Ag-Mo Signature Points to Intrusion-Related Gold System in Abitibi

The company's release states that molybdenum enrichment, peaking at 257 ppm alongside the highest gold grades in TG-04, is consistent with high-temperature magmatic-hydrothermal fluids linked to felsic intrusions. A silver-to-gold ratio of between 1:1 and 1.5:1 in mineralised zones suggests gold is likely present as electrum or associated with silver sulfosalts in quartz veinlets. President and CEO Simon Britt commented that this intrusion-related gold signature confirms the Uniacke deformation corridor hosts a mineralised system at depth, and that evaluating the full geochemical signature was one of three main goals of the validation campaign.

Terragold Property Context and Historical Mineralisation

The Terragold project covers 38 claims totalling 2,058 hectares within the Abitibi Greenstone Belt. The showing was discovered in the early 1960s and has seen very limited exploration activity since 1984. Prior drilling has traced mineralisation over a strike length exceeding 2 kilometres to approximately 250 metres depth, and the gold corridor remains open in all directions. A historical 245 kg bulk sample graded 4.84 g/t Au at surface. Core samples from the current campaign were analysed by AGAT Laboratories in Val-d'Or under ISO/IEC 17025 standards, with QA/QC procedures including certified reference materials, blanks, and field and laboratory duplicates.