Bullion Gold Completes the Acquisition of the Cadillac Extension (Langlade) Project
newsfilecorp.com
June 18, 2025 4:30 PM EDT | Source: Bullion Gold Resources Corporation
Montreal, Quebec--(Newsfile Corp. - June 18, 2025) - Bullion Gold Resources Corp. (TSXV: BGD) ("Bullion Gold" or the "Company") is pleased to announce that it has closed the transaction to acquire 100% of the Cadillac Extension Project from SOQUEM Inc. Located approximately 100 km east of the municipality of Senneterre, this project is accessible year-round via a well-developed forest road network.
The Cadillac Extension Project comprises 62 mining claims covering an area of approximately 3,550 hectares, including over $1.4 million in exploration work credits. This project, with potential for volcanogenic massive sulfide (VMS) mineralization, was discovered in 1991 by Cominco Ltd. and has shown very promising historical drilling results:
| Drill Hole | From (m) | To (m) | Length (m) | Au (ppb) | Ag (ppm) | Cu (%) | Zn (%) | CuEq¹ (%) | | 4CW-92-1 | 36.0 | 85.6 | 49.6 | 207 | 40.8 | 0.62 | 0.73 | 1.42 | | 4CW-92-8 | 83.18 | 136.9 | 53.76 | 84 | 16.3 | 0.45 | 0.36 | 0.79 | | 4CW-92-13 | 218.1 | 228.3 | 10.25 | 334 | 21.7 | 0.51 | 0.94 | 1.31 | | LAN-11-02 | 31.7 | 69.4 | 37.7 | 198 | 35.1 | 0.61 | 0.86 | 1.39 | | Including | 31.7 | 46.6 | 10.3 | 264 | 35.1 | 0.99 | 1.99 | 2.15 | | LAN-11-03 | 27.0 | 76.6 | 49.6 | 148 | 13.7 | 0.31 | 0.38 | 0.69 | | Including | 35.0 | 51.9 | 16.9 | 383 | 32.9 | 0.55 | 0.74 | 1.45 | | LAN-11-04 | 22.0 | 47.1 | 25.1 | 57 | 9.0 | 0.36 | 0.73 | 0.71 | | Including | 28.1 | 34.3 | 6.2 | 108 | 21.1 | 0.82 | 3.21 | 2.03 | | LAN-11-05 | 34.0 | 39.7 | 5.7 | 26 | 23.2 | 0.98 | 0.72 | 1.43 | | LAN-11-06 | 53.0 | 88.0 | 35.0 | 77 | 19.1 | 0.51 | 0.66 | 0.96 | | Including | 53.0 | 63.1 | 10.1 | 60 | 26.1 | 0.82 | 2.08 | 1.72 | | LAN-11-07 | 73.0 | 97.4 | 24.4 | 165 | 21.1 | 0.41 | 0.71 | 0.97 | | LAN-12-11 | 54.4 | 99.7 | 45.3 | 214 | 15.8 | 0.39 | 0.47 | 0.88 | | Including | 88.4 | 99.0 | 10.6 | 382 | 22.7 | 1.06 | 0.69 | 1.84 |
¹ The CuEq grade was calculated based on the 24-month moving average prices for each element: Cu: USD 9,400/tonne, Zn: USD 2,650/tonne, Au: USD 2,800/oz troy, and Ag: USD 28.6/oz troy.
Semi-massive sulfides with outcropping were discovered in 1991 through an airborne electromagnetic survey, followed by ground-based electromagnetic, gravimetric, and geochemical surveys.
The Langlade showing is characterized by copper, zinc, silver, and gold mineralization located at the contact between felsic to intermediate metavolcanics and mafic metavolcanics (GM 65347). Secondary elements such as indium, lead, and nickel have also been identified. This primarily tabular zone is composed of semi-massive and disseminated sulfides extending over approximately 300 meters in length, with a width ranging from 50 to 100 meters, and exhibits a lenticular shape (MB 94-34, GM 65347).
Drilling has traced the mineralization eastward from the outcrops over a distance of more than 1,200 meters and down to a depth of 900 meters (GM 58489, GM 65347). The main horizon has an average thickness of 50 meters and dips gently (20°) to the southeast. Blasting work revealed a new significant copper- and zinc-rich mineralized zone located 200 meters north of the main area (GM 58489). Trench 1 exposed along nearly its entire length one or several sulfide-rich beds 1 to 2 meters thick, while a similar bed was observed in Trench 4, 12 meters to the southeast (GM 58490).
Several untested electromagnetic conductors (INPUT, HEM), as well as numerous unexplored induced polarization (IP) anomalies, have also been identified. The magnetic signature reveals the presence of faults and folds, a geological setting favorable for the formation of massive and semi-massive sulfide lenses.
In the short to medium term, the Company's objectives are to test the lateral and depth extensions of the Langlade showing, while also investigating the electromagnetic (INPUT, HEM) and IP anomalies detected in its immediate vicinity. The goal is to identify new VMS-type lenses similar to Langlade.
The project also offers strong exploration potential in the northeastern portion of the property, where several significant geophysical anomalies (INPUT and IP) have been identified, warranting further drilling.
Acquisition of the Cadillac Extension Project
The Company has signed an agreement for the acquisition of this project in exchange for the issuance of 6 million shares, representing a value of $300,000, and the granting of a 1% NSR royalty. Through this agreement, SOQUEM Inc. will become one of the Company's principal shareholders with an ownership stake of approximately 7.9% of the issued and outstanding shares. An additional bonus payment of $400,000 would be payable to SOQUEM Inc. upon the publication of a measured and indicated resource estimate compliant with Canadian NI 43-101 standards exceeding 5 million tonnes at a grade of 1% CuEq.
This press release was read and approved by Gilles Laverdière, P.Geo., director, and Qualified Person under National Instrument 43-101.
About Bullion Gold Resources
Bullion Gold is involved in the identification, exploration and development of viable mineral properties in the province of Quebec. The Company is developing the 100% owned Bousquet (under option with Olympio Metals) and Bodo SM projects. For more information, visit www.bulliongold.ca.
About SOQUEM
SOQUEM, a subsidiary of Investissement Québec, is dedicated to exploring, discovering and developing mining properties in Quebec. SOQUEM also contributes to maintaining strong local economies. Proud partner and ambassador for the development of Quebec's mineral wealth, SOQUEM relies on innovation, research, and strategic minerals to be well positioned for the future.
For further information, please contact:
Guy Morissette
President and CEO
gmorissette@bulliongold.ca
Other Information
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 SOURCE: Bullion Gold Resources Corporation |
