BULGOLD Advances Lutila Gold Project with Key Drilling Updates
BULGOLD Updates on the Lutila Gold Project
BULGOLD Inc. (TSXV: ZLTO) recently provided an exciting update regarding its Lutila Gold Project, demonstrating the company's commitment to advancing its exploration efforts in Central Europe.
Completion of Diamond Drilling Programme
The company has successfully completed its initial diamond drilling programme, which included a third drill hole added to enhance the depth of exploration. All drill core samples have been sent to the SGS Burgas laboratory in Bulgaria for analysis. BULGOLD plans to share the final drilling results once all assays have been validated and compiled into the company database.
About BULGOLD Inc.
BULGOLD is dedicated to exploring and developing mineral exploration projects in Central and Eastern Europe. The company has full ownership of three high-potential quartz-adularia epithermal gold projects situated within the Western Tethyan Belt: the Lutila Gold Project, the Kostilkovo Gold Project, and the Kutel Gold Project. Management firmly believes that these properties hold significant potential for high-grade, low-sulfidation epithermal gold mineralization, reflecting the outstanding opportunities for gold extraction.
Current Share Structure of BULGOLD
As of the latest reports, BULGOLD has 27,597,928 shares issued and outstanding, with approximately 39.54% held by the company's founders, directors, and management team. This concentrated ownership underscores the confidence that the management team has in the company's direction and strategies.
Recent Developments and Future Directions
BULGOLD's recent drilling updates signal an upward trajectory for the company, as it strategically positions itself within a competitive mining landscape. Continued exploration is essential as the company seeks to uncover the full potential of its projects. Future drilling options, including follow-up drilling and expanded exploration activities, are being evaluated based on initial results from the maiden diamond drilling programme.
The Importance of Accessible Information
Investors interested in BULGOLD's ongoing efforts can find additional information regarding the company through its official website and SEDAR+. The company’s transparency about its exploration and operational strategies fosters trust among investors and stakeholders.
Contact Information
For more detailed inquiries, stakeholders are encouraged to reach out to BULGOLD directly. Sean Hasson, the President and Chief Executive Officer, is available via telephone at +359 2 989 2361 or through email. Engaging with the leadership can provide invaluable insights into the company’s vision and future plans.
Frequently Asked Questions
What is the Lutila Gold Project?
The Lutila Gold Project is a gold exploration initiative by BULGOLD Inc. located in Central Europe, focused on advancing mineral exploration and development.
What were the recent drilling results?
All drill core samples from the recent diamond drilling programme have been submitted for analysis, and results will be shared once validated.
How many projects does BULGOLD control?
BULGOLD controls three primary projects: the Lutila Gold Project, the Kostilkovo Gold Project, and the Kutel Gold Project.
Who can investors contact for more information?
Investors can reach out to Sean Hasson, the President and CEO of BULGOLD, for further information on the company's operations.
What is the significance of the Western Tethyan Belt?
The Western Tethyan Belt is known for its rich mineral deposits, making it a vital area for exploration and mining activities in Europe.
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