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Bullion Gold Announces the Acquisition of Joannès Lake Property in Bousquet Township, Abitibi - Seite 2

Nachrichtenquelle: globenewswire
04.05.2021, 13:30  |  122   |   |   

A strong gold mineralized system was discovered in the southern portion of the Bousquet Lake Property. Four gold showings, Decoeur, Paquin East and Paquin West and Calder-Bousquet, were discovered in the early exploration work (1932-1945) on the property. These showings have probably been formed in the same mineralizing episode within regional E-W trending faults. On the Decoeur showing, grades of 8.40 g/t Au over 1.77 m, 4.35 g/t Au over 4.83 and 4.04 g/t Au over 1.52 m were intersected in historical drill holes. On the Paquin showings, 3.73 g/t Au over 5.49 m, 5.91 g/t Au over 3.02 m and 6.84 and 6.53 g/t Au over 2.44 m were intersected in historical drilling. An intercept of 8.09 g/t Au over 2.0 m was also intersected on the Calder-Bousquet gold occurrence.

The gold mineralization is located in a fold zone above the 250m level. Strong possibilities exist that other folds from the same deformation exist laterally or at depth. The Blackfly group of claims has been little explored in the past due to the paucity of outcrops but the use of new geophysical methods can generate good and valid targets from the deposit models of this high quality location within one of the most prolific world-class gold belt.

Gold mineralization was also found in a 2003 drill program in the felsic intrusion (called tonalite) within the Cadillac fault zone. The intrusive is found between two talc-chlorite schist units of the Piche Group. Hole TMN-03-31 intersected 4.75 g/t Au over 1.5 m in quartz veins, veinlets, and zones of silicification and hole TMN-03-08 intersected 1.42 g/t Au over 1.5 m and 0.71 g/t Au over 5.7 m gold also in the tonalite.

The Joannes gold occurrence on the Falco claim block returned grades of 26.46 g/t Au and 19.55 g/t Au over 1.50 m with visible gold identified in each intersection. It may be considered as an extension of the Paquin-Decoeur gold-bearing system. In the north part of the Falco block, hole 17932-16-1 intersected 12.69 g/t Au over 1 m in altered and mineralized sediments.

The Paquin-Decoeur-Joannes gold mineralized system is located just south of the Cadillac-Larder Lake Break within the sedimentary formations (greywackes and conglomerates) of the Pontiac Group which is known to host the Canadian Malartic open-pit mine and the Odyssey mine under development located 40 kms to the east of the Bousquet project.

Mr. Gilles Laverdière. P.Geo, director and qualified person under NI 43-101 has read and approved this press release.

About Bullion Gold

Bullion Gold is involved in the identification, exploration and development of viable mineral properties in the Province Quebec and British Columbia. For more information on the Corporation, visit www.bulliongold.ca.

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Bullion Gold Announces the Acquisition of Joannès Lake Property in Bousquet Township, Abitibi - Seite 2 MONTRÉAL, May 04, 2021 (GLOBE NEWSWIRE) - Bullion Gold Resources Corp. (TSX-V: BGD) (“Bullion Gold” or the “Corporation”) is pleased to announce that it has entered into an agreement with Falco Resources Ltd. (“Falco”) to acquire (the …

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