BULGOLD Exploration Update on Lutila Gold Project

TORONTO, Dec. 12, 2025 (GLOBE NEWSWIRE) -- BULGOLD Inc. (TSXV: ZLTO) (the “Company” or “BULGOLD”) announces that it has now completed exploration diamond drilling on the Lutila Gold Project located in Central Slovakia. The Lutila exploration licence covers an area of 32.2km² and is prospective for quartz-adularia, low-sulfidation epithermal gold mineralisation.

BULGOLD has recently announced an update on the exploration progress of its Lutila Gold Project, located in a promising region known for its high potential in gold discoveries. The update highlights several key developments and findings from recent activities carried out at the site.

Firstly, BULGOLD has reported considerable advancements in the geological mapping and sampling programs. The exploration team has undertaken extensive fieldwork, which has led to identifying several new targets of interest. These findings stem from detailed analyses aimed at determining the potential gold mineralization in various areas around the Lutila site.

Furthermore, the company has employed modern technologies such as drone surveying and geophysical surveys to enhance its understanding of the subsurface conditions. These innovative techniques allow the exploration team to gather crucial data, which is essential for planning future drilling operations. By integrating technology with traditional exploration methods, BULGOLD aims to increase the efficiency and effectiveness of its exploration efforts.

The exploration update also emphasizes the commitment of BULGOLD to sustainable practices and environmental stewardship. The team has implemented various measures to ensure that their activities do not disrupt the surrounding ecosystem while working towards potential resource development. This commitment positions BULGOLD favorably in the eyes of stakeholders looking for responsible mining practices.

In addition to these exploration efforts, BULGOLD has outlined its strategic objectives moving forward. The company plans to conduct further drilling campaigns to validate the identified targets and expand its understanding of the gold potential within the Lutila area. Establishing resource estimates through these drilling campaigns is a priority for the company as they seek to advance the project towards development.

BULGOLD's management expressed optimism regarding the project's future, citing the positive indications found during the exploration process. They believe that with continued effort and investment, the Lutila Gold Project could represent a significant contribution to the local and regional economy while providing valuable resources to the global gold market.

Finally, as the exploration progresses, BULGOLD will keep stakeholders updated with regular reports detailing achievements, challenges, and next steps. The company remains dedicated to transparency and effective communication with investors and the wider community interested in the Lutila Gold Project.