Bullion GOLD Acquires 36,420 Hectares (364 KM²) FOR Lithium Exploration IN Jamésie (James BAY)
NEWS RELEASE TSX.V: BGD
BULLION GOLD ACQUIRES 36,420 HECTARES (364 KM²) FOR LITHIUM
EXPLORATION IN JAMÉSIE (JAMES BAY)
February 14, 2023 - Montreal, Quebec – Bullion Gold Resources Corp. (TSX -V: BGD) (“Bullion Gold”
or “the Company”) announces the acquisition, by way of staking and from a group of prospectors, of 36,320
contiguous hectares forming the Bodo SM property, located approximately 200 km north of the municipality
of Chibougamau and about 100 km south of the Eastmain mine.
Composed of 682 cells, the Bodo SM project was acquired based on its potential to contain spodumene
pegmatites, the presence of a bedrock largely denuded of vegetation and its location which offers very good
accessibility due to its proximity to the main road leading to Chibougamau. The geological environment of
Bodo SM is similar to that found in the known geological zones containing lithium in the western part of
James Bay. The lithium deposits discovered in the last 10 years have been in greenstone belts in contact
with huge granite intrusions. The company has thus staked one of the last available greenstone belts that
are easily accessible.
Bodo SM Geological Map
“We had been looking for a geological sector integrati ng greenstone units in contact with vast pegmatite
batholiths which are favorable to exploration for lithium and other strategic minerals. The Lake Baudau
region offered this opportunity. With Bodo SM, we now hold 100% interest, without royalty, in a vast mining
project located approximately 200 km north of Chibougamau, an important mining region. The Lac Baudau
sector could become, in our opinion, another favorable area for the discovery of lithium or other strategic
minerals. Also, according to the Intern ational Energy Agency (IEA), global demand for lithium will be
multiplied by 40 by 2040,” mentioned Mr. Jonathan Hamel, President, and CEO of Bullion
The Bodo SM property covers most of a set of greenstone bands in contact with large granite batholiths
and pegmatite granodiorites. The three main greenstone units are made up of amphibolized basalts with a
length varying from 20 to 28 km by a width ranging from 2.23 to 8 km. The various granite and granodiorite
batholiths bordering these volcanic units would contain, according to the MERN, several pegmatite dykes
of different thicknesses, but no serious work has been done to identify the minerals in those visited and
mentioned in the RG-144 report dating from 1971. Minerals such as biotite, muscovite or tourma line have
however been noted in the granites visited. Pegmatites containing minerals such as spodumene, lepidolite
and petalite are often associated with mica minerals such as biotite and muscovite, as well as silicate
minerals such as tourmaline. Pegmatit es are usually formed from silica -rich magma that has crystallized
slowly, allowing rare minerals to crystallize. Other minerals searched for in association with the potential
presence of lithium are beryl, rubidium, and cesium.
ALS Goldspot Discoveries wi ll also participate in the analysis of current and future available data in order
to delineate the best targets to prospect as soon as the property becomes accessible in the spring of 2023.
Historically, there has been very little exploration work done in this area. There is therefore not a lot of
geological and geophysical data except those mentioned in the various MERN reports. There is a Cu -Au-
Ag and Mo showing (Rivon-Ouest) on the eastern edge of the property.
The claims acquired from a group of prospec tors were acquired in return for 1,100,000 shares of The
Company. No royalty was granted to this group.
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 Quebec and British Columbia. For more information on the Corporation, visit
www.bulliongold.ca
For further information, please contact:
Jonathan Hamel
President and CEO
514-317-7956
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