Bullion Reports 5.4 g/t Au and 5.0 g/t Ag in Surface Grab Sample and Commences Validation Drilling at Terragold
Rhea-AI Summary
Bullion Gold Resources (OTC: TTEXF, TSXV: BGD) reported new surface grab sample results and the start of validation drilling at its 100%-owned Terragold Project in Quebec’s Abitibi Belt.
Four grab samples returned up to 5.42 g/t Au and 5.00 g/t Ag. A ~3,000 m, 11‑hole diamond drilling program will test about 300 m along the main mineralization trend to validate historical high-grade intersections and assess the system’s geochemical signature.
Positive
- Highest grab sample returned 5.42 g/t gold and 5.00 g/t silver
- Three of four grab samples contained measurable gold values up to 5.42 g/t
- Validation drilling program totals approximately 3,000 metres over 300-metre trend
- First 11 drill holes (TG-01 to TG-11) planned in Terragold Showing area
Negative
- Only four surface grab samples reported in this update
- One grab sample reported very low gold content at 0.02 g/t
- Validation drilling program has just commenced; no drill results reported yet
AI-generated analysis. How Rhea-AI works. Not financial advice.
Montreal, Quebec--(Newsfile Corp. - June 30, 2026) - Bullion Gold Resources Corp. (TSXV: BGD) ("Bullion" or the "Company") is pleased to provide an exploration update from Bullion's flagship and
Four (4) surface grab samples were collected as part of the Company's ongoing field preparation program, which included locating and surveying historical drill hole collars, stripping and exposing the Terragold showing, collecting geological and structural information, finalizing the selection of drill targets and preparing drill pads.
Table 1: 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 |
Figure 1: Surface grab samples
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Simon Britt, president and CEO of Bullion, commented: "The presence of silver is an encouraging development, as historical drilling and assay records provided little indication of its potential association with the Terragold mineralizing system. With field preparations now complete and drilling to commence shortly, we look forward to evaluating the full geochemical signature of the system and reporting the results of our validation program in the coming months."
Stripping of the Terragold Showing
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Validation Drilling Campaign
The validation drilling program is designed to systematically test the Terragold mineralized system over approximately 300 metres along the principal mineralization trend. The program comprises approximately 3,000 metres of diamond drilling. During this initial phase, the first 11 drill holes (TG-01 to TG-11; see Figure 2 below) have been planned to extend the tight-spaced drill pattern directly into the Terragold Showing area. This systematic follow-up program is intended to validate historical high-grade gold intersections, confirm the continuity of mineralization, and evaluate the full geochemical signature of the mineralized system.
Figure 2: Diamond drill holes TG-01 to TG-11
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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 cumulative strike length exceeding 2 kilometres 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, demonstrating mineralization outcropping at surface.
New Corporate Website
Bullion is also pleased to announce the launch of its new corporate website at bulliongold.ca.
The redesigned website provides investors and stakeholders with enhanced access to information regarding the Company's projects, corporate strategy, technical disclosures, news releases and investor presentations. The website has been developed to better communicate Bullion's exploration activities and growth strategy as the Company advances its portfolio of mineral projects in Québec, including its flagship Terragold Project.
Correction to private placement disclosure
The Company wishes to correct the information respecting the closing of a non-brokered private placement previously announced on June 17, 2026 (the "Offering"). In connection with the Offering, the Company paid cash finder's fees of
Technical Disclosure
Selected samples were analyzed by Laboratoire Expert Inc. of Rouyn-Noranda, Québec, an independent commercial laboratory. Gold analyses were performed by fire assay, with samples returning elevated gold values re-analyzed by fire assay with gravimetric finish. Silver analyses were conducted using the AAT-7 method. Analytical results are reported in accordance with industry-standard quality assurance and quality control (QA/QC) procedures. Selected samples are selective by nature and may not be representative of the mineralization present on the Terragold Project."
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 Resources Corp.
Bullion Gold Resources 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
For further information, please contact:
Simon Britt
President and CEO
Bullion Gold Resources Corp.
sbritt@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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