Bullion Gold Completes Terragold Validation Program with 3,909 Metres Drilled
Rhea-AI Summary
Bullion Gold Discoveries (TSXV: BGD, symbol TTEXF) has completed its validation drilling program at the 100%-owned Terragold gold project, 12 km south of Senneterre, Quebec. The campaign totalled 3,909 metres across 32 diamond drill holes, targeting historical gold intersections and continuity of the mineralized system.
Surface work added 5 new outcrops plus the main Terragold showing, with 22 channels (over 180 m) sampled; results for 20 channels are pending. Initial channel assays include 0.62 g/t Au over 1.0 m and 0.55 g/t Au over 7.0 m. Four grab samples returned up to 5.42 g/t Au and 5.00 g/t Ag. According to Bullion Gold, new drilling and assays will be integrated into a 3D model to guide the next exploration phases. The company notes historical drilling over >2 km strike and a 237 kg bulk sample grading 3.64 g/t Au, with the mineralized corridor remaining open in all directions.
Positive
- 3,909 m of validation drilling completed in 32 holes at Terragold
- Surface work sampled 22 channels over more than 180 m
- Initial channel assays include 0.55 g/t Au over 7.0 m
- Grab samples returned up to 5.42 g/t Au and 5.00 g/t Ag
- Historical bulk sample of 237 kg graded 3.64 g/t Au
- Gold mineralized corridor remains open in all directions along >2 km strike
Negative
- Assay results pending for 20 of 22 channel samples
- Drill hole assay results from 3,909 m program not yet reported
- Company notes selective samples may not represent true width or overall grade
News Explained
The completed Terragold program produced a preliminary drilling result: shallow holes intersected the targeted geological and mineralized zones in every completed hole, while assay results remain pending and drill results are expected to begin in
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Montreal, Quebec--(Newsfile Corp. - August 25, 2026) - Bullion Gold Discoveries Corp. (TSXV: BGD) ("Bullion" or the "Company") is pleased to announce the completion of its validation drilling program at its
Simon Britt, president and CEO of Bullion, commented: "The primary objective of the validation program was to validate the historical data and known gold intersections within the Terragold mineralized system, confirm the continuity of mineralization, and evaluate its complete geochemical signature. Since the program was launched in June, we have advanced several stages of the discovery process simultaneously, from surface prospecting and channel sampling to validation drilling at depth. The shallow drilling intersected the targeted geological and mineralized zones in each of the completed drill holes. Our focus now turns to the assay results and their integration into the geological model. Shareholders can expect a steady flow of drill results beginning in September."
Figure 1: Location of Terragold DDH and Outcrops
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Surface Prospecting and Channel Sampling
Stripping activities resulted in the identification of 5 outcrops in addition to the Terragold showing. A total of 22 channels, representing more than 180 metres of sampling, were completed across these six outcrops. Assay results are pending for the remaining 20 channels.
Table 1: Channel Sample Results
| Channel | Outcrop | Assays results |
| R4 | Terragold showing | 0.62 g/t Au over 1.0m |
| R13 | West | 0.55 g/t Au over 7.0m |
4 surface grab samples were collected on June 13, 2026 as part of the Company's field preparation program. See news release dated June 30, 2026.
Table 2: Surface Grab Sample Results
| Sample | Lithology | UTM East | UTM North | Au (g/t) | Ag (g/t) |
| F158001 | QFP-style intrusive | 336035E | 5351723N | 1.24 | 0.30 |
| F158002 | Quartz breccia and quartz stockwork | 335805E | 5351795N | 5.42 | 5.00 |
| F158003 | QFP-style intrusive | 335844E | 5351774N | 0.64 | 0.30 |
| F158004 | Intermediate to mafic volcanic rock | 335930E | 5351729N | 0.02 | 0.20 |
Next Steps
Over the coming weeks, Bullion will focus on receiving and interpreting assay results. The new drilling data will be integrated with the historical information and the Terragold 3D model to identify the areas with the strongest potential for the next phases of exploration.
About the Terragold Project
The Terragold project (38 claims - 2,058 ha) is located approximately 12 km south of the municipality of Senneterre in Abitibi (Québec, Canada) within the prolific Abitibi Greenstone Belt. The main gold showing, discovered in the early 1960s, has been intersected by drilling over a strike length exceeding 2 kilometres and to a depth of approximately 250 metres and has seen very limited exploration activity since 1984. The gold mineralized corridor, associated with a quartz-feldspar porphyry system, remains open in all directions. The potential of the system is supported by a historical 237 kg bulk sample grading 3.64 g/t Au, confirming the presence of gold mineralization at surface.
Technical Disclosure
All surface channel and grab samples were prepared and analyzed by AGAT Laboratories in Val-d'Or, Québec, an independent commercial laboratory certified under ISO/IEC 17025 standards. Sample preparation includes crushing to
Qualified Person
The scientific and technical information disclosed in this news release has been reviewed and approved by Ms. Suzie Tremblay, a member in good standing of the Ordre des géologues du Québec (OGQ No. 10664), who is a "Qualified Person" within the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects. All geoscientific activities related to the Terragold Project are carried out under the supervision of Ms. Suzie Tremblay, Vice-President of Explo-Logik.
About Bullion Gold Discoveries Corp.
Bullion Gold Discoveries Corp. (TSXV: BGD) is a Québec-focused mineral exploration company advancing a portfolio of gold and polymetallic projects located in some of the province's most prospective mining districts. The Company's strategy is centered on creating shareholder value through discovery success by applying modern geological interpretation, disciplined exploration practices and strategic partnerships.
The Company holds a
Additional information is available on the Company's website bulliongold.ca.
For further information, please contact:
Simon Britt
President and CEO
Bullion Gold Discoveries Corp.
info@bulliongold.ca
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain information and statements that may constitute "forward-looking information". Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates", "aims", "targets" or "believes", or variations of, or the negatives of, such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. Inherent in forward-looking statements are risks, uncertainties and other factors beyond the Company's ability to predict or control. All statements, other than statements of historical facts, included in this news release that address future events, developments or performance that Bullion expects to occur are forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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