Vancouver, British Columbia--(Newsfile Corp. - April 26, 2022) - BMEX Gold Inc. (TSXV: BMEX) (OTCQB: MRIRF) (FSE: 8M0) ("BMEX" or the "Company") is pleased to announce the results of its Fall 2021 drilling campaign at King Tut Gold Project ('King Tut" or the "Project") in the Abitibi region, Québec, Canada. Significant grades include 7.07 g/t Au over 1.00 m from drill hole TUT-21-032 in a newly discovered gold zone (the Luxor Gold Zone) and 7.61 g/t g/t Au over 0.75 m within the known mineralized area from drill hole TUT-21-023. All assays from the Fall 2021 drill campaign at King Tut have been received and reported. Figure 1 shows the location of the discussed drill holes with their significant intersects. Composited gold grades are resumed in Table 1. Collar coordinates and drill holes information are listed in Table 2.
TUT-21-032, which returned the above-mentioned promising grades of the campaign, is located 700 m South-West from the King Tut showing, along the Main King Tut trend (Figure 1). This drill hole is isolated and thus defines a new gold zone (Luxor Zone) on its own. Gold in TUT-21-032 is associated to a silicified tourmaline-carbonate-pyrite brecciated zone which marks the contact between relatively ductile tuffs and more competent andesite unit (Figure 2). Fall 2021 drill holes in the heart of the known King Tut showing delivered several similar gold-bearing geological conditions to TUT-21-032. Every drill hole along the Main King Tut Trend intersected evidence of an intense deformation corridor: intensely sheared zones, complex folding of S1 and pervasive sericite-carbonate-silica alterations. As shown on Figure 1, TUT-21-032 also cuts a West-South-West lineament interpreted from the magnetic susceptibility maps. Hence, this drill hole, being isolated but potentially cross-cutting two major structures and exhibiting typical gold-bearing hydrothermal mineralization known in greenstone belts, represents a highly prospective discovery for the Company.
Figure 1 : Fall 2021 drill holes and significant assays results
To view an enhanced version of Figure 1, please visit:
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Figure 2 : TUT-21-032 intersection
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In addition to TUT-21-032's Luxor zone, gold grades were also found in TUT-21-030 which targeted the Audet-Ouest showing vicinity. TUT-21-030 intercepted 1.68 g/t Au over 1.50 m and 0.32 g/t Au over 7.50 m at 150 m East of the known surface occurrences from Audet-Ouest showing. These intersections and the historical surface gold values from the showing are aligned along a West-South-West lineament interpreted from the magnetic susceptibility maps (Figure 1). This lineament, from now mentioned as the Audet-Ouest trend, is unexplored and TUT-21-030 gold grades are the first drilling results over it. The rest of the Fall 2021 drilling results are located within the known King Tut showing.
| Drill hole | From (m) | To (m) | Core length (m) | Au (g/t) | Ag (g/t) | GxT |
| TUT-21-032 | 56.50 | 57.50 | 1.00 | 7.07 | 0.80 | 7.07 |
| 88.00 | 89.00 | 1.00 | 0.40 | 0.10 | 0.40 | |
| 61.50 | 64.50 | 3.00 | 0.30 | 0.10 | 0.90 | |
| TUT-21-023 | 102.55 | 103.30 | 0.75 | 7.61 | 0.50 | 5.71 |
| 63.00 | 66.00 | 3.00 | 0.82 | 0.20 | 2.45 | |
| 127.50 | 137.00 | 9.50 | 0.50 | 0.12 | 4.78 | |
| Including | 127.50 | 130.10 | 2.60 | 0.93 | 0.12 | 2.42 |
| TUT-21-021 | 41.00 | 45.00 | 4.00 | 0.99 | 0.22 | 3.95 |
| 52.50 | 53.80 | 1.30 | 1.21 | 0.10 | 1.57 | |
| TUT-21-033 | 116.00 | 121.00 | 5.00 | 0.64 | 0.24 | 3.18 |
| TUT-21-024 | 382.40 | 383.90 | 1.50 | 1.86 | 0.40 | 2.79 |
| 240.00 | 243.00 | 3.00 | 0.33 | 0.15 | 1.00 | |
| 154.30 | 155.80 | 1.50 | 0.58 | 0.30 | 0.87 | |
| 247.00 | 249.00 | 2.00 | 0.40 | 0.27 | 0.80 | |
| TUT-21-030 | 192.00 | 193.50 | 1.50 | 1.68 | 0.20 | 2.51 |
| 147.00 | 154.50 | 7.50 | 0.32 | 0.04 | 2.41 | |
| 95.00 | 96.00 | 1.00 | 0.49 | 0.30 | 0.49 | |
| TUT-21-031 | 69.50 | 78.20 | 8.70 | 0.24 | 0.16 | 2.05 |
| TUT-21-022 | 80.20 | 89.05 | 8.85 | 0.28 | 0.16 | 2.46 |
| Including | 80.20 | 85.50 | 5.30 | 0.42 | 0.19 | 2.22 |
| Including | 82.70 | 85.50 | 2.80 | 0.63 | 0.19 | 1.77 |
| TUT-21-029 | 238.30 | 238.80 | 0.50 | 3.56 | 0.30 | 1.78 |
| 43.45 | 47.60 | 4.15 | 0.29 | 0.11 | 1.20 | |
| 211.10 | 213.50 | 2.40 | 0.34 | 0.10 | 0.82 | |
| 241.20 | 243.00 | 1.80 | 0.28 | 0.16 | 0.51 | |
| TUT-21-027 | 33.50 | 38.00 | 4.50 | 0.35 | 0.14 | 1.56 |
| 58.95 | 61.00 | 2.05 | 0.31 | 0.10 | 0.63 |
Table 1 : Fall 2021 drilling results
| Drill hole | Azimut | Dip | Final length (m) | UTM NAD83 EAST | UTM NAD83 NORTH | Elevation |
| TUT-21-020 | 145 | -45 | 171 | 680206 | 5427223 | 321 |
| TUT-21-021 | 145 | -45 | 175 | 679599 | 5426879 | 321 |
| TUT-21-022 | 145 | -45 | 144 | 679912 | 5427035 | 321 |
| TUT-21-023 | 145 | -45 | 113 | 680225 | 5427191 | 321 |
| TUT-21-024 | 145 | -45 | 82 | 680539 | 5427347 | 321 |
| TUT-21-025 | 145 | -45 | 51 | 680852 | 5427502 | 321 |
| TUT-21-026 | 145 | -45 | 20 | 681166 | 5427658 | 321 |
| TUT-21-027 | 145 | -45 | -11 | 681479 | 5427814 | 321 |
| TUT-21-028 | 145 | -45 | -42 | 681793 | 5427970 | 321 |
| TUT-21-029 | 145 | -45 | -73 | 682106 | 5428126 | 321 |
| TUT-21-030 | 145 | -45 | -104 | 682419 | 5428281 | 321 |
| TUT-21-031 | 145 | -45 | -135 | 682733 | 5428437 | 321 |
| TUT-21-032 | 145 | -45 | -166 | 683046 | 5428593 | 321 |
| TUT-21-033 | 145 | -45 | -197 | 683360 | 5428749 | 321 |
| TUT-21-034 | 145 | -45 | -228 | 683673 | 5428905 | 321 |
| TUT-21-035 | 145 | -45 | -259 | 683986 | 5429061 | 321 |
| TUT-21-036 | 145 | -45 | -290 | 684300 | 5429216 | 321 |
Table 2 : Fall 2021 drill holes information
Robert Pryde, President of BMEX Gold, commented: "Overall, the results from the Fall 2021 drilling campaign are promising especially when one considers the Luxor gold zone is a new gold discovery on the property and the geology of this zone warrants follow up work. Each of the holes in the 2021 drill campaign at King Tut intersected gold values which is a very important indication of the potential for a regional scale system on the property and demonstrates potential for additional gold discoveries. Our technical team is building a strong understanding of the gold occurrence and emplacement over the known and newly discovered assets at King Tut. Accordingly, we are going back to King Tut in 2022, starting with a field prospecting and mapping survey during Summer followed by a drilling campaign during Fall 2022. We also intend to launch an exploration program on the Dunlop Bay Property this year."
Following the compilation work over the Dunlop Bay Property (Mattagami region, Quebec, Canada) the BMEX technical team has identified several base and precious metal trends that are summarized in (Figure 3).
The Dunlop Bay exploration program started in April with a surface MAG-EM survey over Dunlop Bay-Ouest and interpretation. Surface prospecting, mapping and sampling is planned over the balance of the property during summer 2022, with a focus on the 'Baie Dunlop' showing and 'Mont Laurier Est' extension. The results from these two steps will be used to target a 3,000 metres drilling campaign that is planned for Fall 2022.
Figure 3 : Dunlop Bay Property 2022 prospecting and mapping goals
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Qualified Person
Maxime Bouchard, Geo, M.Sc. (OGQ #1752), an independent Qualified Person as defined by Canadian NI 43-101 standards, has reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard. Core logging and sampling were completed by Laurentia Exploration. The quality assurance and quality control protocol include insertion of one blank and one standard every 20 samples, in addition to the regular insertion of blank, duplicate, and standard samples accredited by ALS Canada Ltd. during the analytical process. Gold values are estimated by fire assay with finish by atomic absorption. The Qualified Person has not completed sufficient work to verify the historic information on the Property, particularly in regards to historical drill results. However, the Qualified Person believes that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.
About BMEX Gold Inc.
BMEX Gold Inc. is a junior Canadian mining exploration company with the primary objective to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdiction of Quebec, Canada. BMEX is currently fully focused on earning 100% interest in its two projects, both located in the prolific Abitibi greenstone belt:
- King Tut Project consists of 120 contiguous claims on 5,206 hectares
- Dunlop Bay Project consists of 76 mineral claims that cover 4,226 hectares
BMEX common shares trade under the symbol "BMEX" on the TSX-V and under the symbol 8M0 on the Frankfurt Exchange.
For further information please contact:
BMEX Gold Inc.
Robert Pryde, President
Tel: +1 (403) 478 6042
Email: [email protected]
Dylan Sidoo, Business Development
Tel: +1 (604) 423 4499
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
This news release contains "forward-looking statements" and "forward looking information" (as defined under applicable securities laws), based on management's best estimates, assumptions, and current expectations. Such statements include but are not limited to, statements with respect to the plans for future exploration and development of the King Tut and Dunlop Bay properties and the acquisition of additional exploration projects. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "expected", "budgeted", "forecasts" , "anticipates" "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those expressed or implied by such statements, including but not limited to: risks related to the King Tut and Dunlop Bay projects; risks related to general economic conditions, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; increases in market prices of mining consumables, possible variations in resource estimates, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of exploration, development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in areas in which the Company operates. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements and forward looking information are made as of the date hereof and are qualified in their entirety by this cautionary statement. The Company disclaims any obligation to revise or update any such factors or to publicly announce the result of any revisions to any forward-looking statements or forward looking information contained herein to reflect future results, events or developments, except as require by law. Accordingly, readers should not place undue reliance on forward looking statements and information. Please refer to the Company's most recent filings under its profile at www.sedar.com for further information respecting the risks affecting the Company and its business.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/121646
2022-04-26 06:00:00
Vancouver, British Columbia--(Newsfile Corp. - December 16, 2021) - BMEX Gold Inc. (TSXV: BMEX) (FSE: 8M0) ("BMEX" or the "Company") is pleased to announce the completion of a 3,000-metre Phase 2 drill program on the King Tut Project located in the Abitibi Gold Belt. The program consisted of drilling 17 holes (see Figure 1) utilizing two rigs with 3089 m of NQ-size diamond drill core being recovered from the TUT/ Audet Quest Trend and was completed ahead of schedule and under budget.
For this phase-II drilling campaign on the property, the company conducted the DDH program on the main known Tut zone but also explored 2 km of strike length between King Tut and Audet Quest (Audet Ouest deformation trend, figure 1) and 2 km of strike length of the Main King Tut deformation Trend. Both structures were interpreted using recently acquired high resolution magnetic drone survey. Several holes were drilled on the main deposit and on both interpreted deformation trend outline important quartz veining system, alteration and deformation. Assay results are pending and will be announced when received. For the location of the King Tut property see Figure 2.
Figure 1: 2021 Phase 2 Drilling Campaign on King Tut Property
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/5785/107729_04223d6de4f038b9_002full.jpg
*Note drill results from Phase 1 drilling can be found here: Press Release June 14, 2021
Figure 2: Location Map of King Tut property
To view an enhanced version of Figure 2, please visit:
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*Note drill results on map for BMEX Gold are historical except TUT-21-018 which is from Phase 1 drilling Press Release June 14, 2021
Stock Options and Grant of RSUs
BMEX has granted options to acquire a total of 550,000 common shares of the Company to certain directors and officers, pursuant to the Company's Stock Option Plan, at the exercise price of $0.15 for a period of five years, from December 16, 2021.
In addition, the Company has granted a total of 1,300,000 restricted stock units ("RSUs") of the Company to certain directors and consultants, pursuant to the terms of the Company's RSU Plan, which RSUs will expire on December 16, 2023.
Qualified Person
Maxime Bouchard, Geo, M.Sc. (OGQ #1752), Consulting Geologist with Laurentia Exploration is the Qualified Person (as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects) for the Company and has approved the technical disclosure contained in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard. Core logging and sampling were completed by Laurentia Exploration. The quality assurance and quality control protocol include insertion of one blank and one standard every 20 samples, in addition to the regular insertion of blank, duplicate, and standard samples accredited by ALS Canada Ltd. during the analytical process. Additionally, sample weight is taken prior shipment to validate sample identity. Gold values are estimated by fire assay with finish by atomic absorption and values over 10 ppm Au are reanalyzed by fire assay with a finish by gravimetry. The Qualified Person has not completed sufficient work to verify the historic information on the Property, particularly in regards to historical drill results. However, the Qualified Person believes that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.
About BMEX Gold Inc.
BMEX Gold Inc. is a junior Canadian mining exploration company with the primary objective to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdiction of Quebec, Canada. BMEX has 100% interest in its two projects, both located in the prolific Abitibi greenstone belt:
- King Tut Project consists of 120 contiguous claims on 5,206 hectares
- Dunlop Bay Project consists of 76 mineral claims that cover 4,226 hectares
BMEX common shares trade under the symbol "BMEX" on the TSX-V and under the symbol 8M0 on the Frankfurt Exchange.
For further information please contact:
BMEX Gold Inc.
Dylan Sidoo, Business Development
Tel: 1 (604) 423 4499
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
This news release contains "forward-looking statements" and "forward-looking information" (as defined under applicable securities laws), based on management's best estimates, assumptions, and current expectations. Such statements include but are not limited to, statements with respect to the plans for future exploration and development of the King Tut and Dunlop Bay properties and the acquisition of additional exploration projects. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "expected", "budgeted", "forecasts" , "anticipates" "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those expressed or implied by such statements, including but not limited to: risks related to the King Tut and Dunlop Bay projects; risks related to general economic conditions, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; increases in market prices of mining consumables, possible variations in resource estimates, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of exploration, development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in areas in which the Company operates. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements and forward-looking information are made as of the date hereof and are qualified in their entirety by this cautionary statement. The Company disclaims any obligation to revise or update any such factors or to publicly announce the result of any revisions to any forward-looking statements or forward-looking information contained herein to reflect future results, events or developments, except as require by law. Accordingly, readers should not place undue reliance on forward-looking statements and information. Please refer to the Company's most recent filings under its profile at www.sedar.com for further information respecting the risks affecting the Company and its business.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/107729
2021-12-16 07:00:00
Vancouver, British Columbia--(Newsfile Corp. - November 18, 2021) - BMEX Gold Inc. (TSXV: BMEX) (FSE: 8M0) ("BMEX" or the "Company") is pleased to announce a 3,000-metre Phase 2 drill program on the King Tut project. BMEX conducted a drone magnetic survey on the property as a follow up to the inaugural 4,500-metre drill program which returned anomalous gold values in nearly every hole related to quartz-carbonates veining, indicating that a hydrothermal gold-bearing system is hosted on the property. Highlight hole TUT-21-018 assayed 81.89 g/t Au over 0.45 metres and targeted the western edge of the known gold-bearing structure at King Tut leaving nearly 2 km of strike length between Tut and Audet Quest to the west to drill test an identified shear zone in the Phase 2 program. The drill targets (see Figure 1) were identified from integrating data collected from the magnetic survey, geological data from the previous drill program, and geological modelling. BMEX will be using two rigs to evaluate this trend in order to reduce costs and expedite results. Drilling is anticipated to be completed by Dec 15, 2021.
Figure 1: 2021 Drilling Campaign on King Tut Property
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Robert Pryde, President, commented, "Armed with additional information following several months of data compilation and analysis, we have a better understanding of the gold system at King Tut and are in a stronger position to move forward with our Phase 2 drill program. The team is very excited to initiate the Phase 2 drilling and we are working closely with our geoscience consulting team at Laurentia Exploration to target the gold structure identified in previous exploration on King Tut."
The King Tut project is located 65 km east of Amex Exploration's Perron Property (see Figure 2).
Figure 2: Location Map of King Tut property.
To view an enhanced version of this graphic, please visit:
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About BMEX Gold Inc.
BMEX Gold Inc. is a junior Canadian mining exploration company with the primary objective to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdiction of Quebec, Canada. BMEX is currently fully focused on earning 100% interest in its two projects, both located in the prolific Abitibi greenstone belt:
- King Tut Project consists of 120 contiguous claims on 5,206 hectares.
- Dunlop Bay Project consists of 76 mineral claims that cover 4,226 hectares.
BMEX common shares trade under the symbol "BMEX" on the TSX-V and under the symbol 8M0 on the Frankfurt Exchange.
For further information please contact:
BMEX Gold Inc.
Dylan Sidoo, Business Development
Tel: 1 (604) 423 4499
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
This news release contains "forward-looking statements" and "forward looking information" (as defined under applicable securities laws), based on management's best estimates, assumptions, and current expectations. Such statements include but are not limited to, statements with respect to the plans for future exploration and development of the King Tut and Dunlop Bay properties and the acquisition of additional exploration projects. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "expected", "budgeted", "forecasts" , "anticipates" "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those expressed or implied by such statements, including but not limited to: risks related to the King Tut and Dunlop Bay projects; risks related to general economic conditions, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; increases in market prices of mining consumables, possible variations in resource estimates, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of exploration, development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in areas in which the Company operates. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements and forward looking information are made as of the date hereof and are qualified in their entirety by this cautionary statement. The Company disclaims any obligation to revise or update any such factors or to publicly announce the result of any revisions to any forward-looking statements or forward looking information contained herein to reflect future results, events or developments, except as require by law. Accordingly, readers should not place undue reliance on forward-looking statements and information. Please refer to the Company's most recent filings under its profile at www.sedar.com for further information respecting the risks affecting the Company and its business.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/103990
2021-11-18 04:00:00
Vancouver, British Columbia--(Newsfile Corp. - August 4, 2021) - BMEX Gold Inc. (TSXV: BMEX) (OTCQB: MRIRF) (FSE: 8M0) ("BMEX" or the "Company") is pleased to announce the details of its exploration plans for H2 of 2021 on its King Tut Property and Dunlop Bay Property. The company is fully funded for its 2021-2022 exploration programs.
King Tut
The project is located 65 km east of Amex Exploration's Perron Property (see Figure 1). BMEX completed an inaugural 4,500-metre drill program on King Tut during the first half of the year. Nearly every hole returned anomalous gold values related to quartz-carbonates veining indicating that a hydrothermal gold-bearing system is hosted on the property. Highlight hole TUT-21-018 assayed 81.89 g/t Au over 0.45 metres and targeted the western edge of the known gold bearing structure at King Tut which left almost 2 km of strike in the property to test westward. (see press release of June 14, 2021)
Figure 1: Location Map of King Tut property.
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/5785/91980_7027124b54293938_002full.jpg
July 2021
BMEX conducted a drone magnetic survey on the property as a follow up to the drill program. Data is currently being processed; detailed magnetic maps can be expected in the next 2 weeks.
August - September 2021
- Magnetic survey data processing, correlation with geological data from previous drill program and geological modelling to identify key drill targets in collaboration with Laurentia Exploration.
- Complete permitting for drill program.
October - November 2021
- Up to 3,000 metre drill program to commence on the identified targets.
- BMEX has secured a turn-key service for the drilling program (rig, geological and technical team).
December 2021 - January 2022
- Assay results from drill program expected.
- Three-dimensional geological modeling based on assay results and drill program planning for 2022.
Dunlop Bay
The Property is located immediately north of the Matagami Base Metals District, 15 km north-east from Glencore's Matagami Lake Mine Plant, processing zinc, copper, silver, and gold material from the Bracemac-McLeod Mine (see Figure 2 for the location of the property).
Q4 2021
- The company will review current data, conduct a drone magnetic survey and a field program, followed by data Integration and 3D geological modeling.
- Upon compilation of the data, a drill program will be finalized.
Figure 2: Location of Dunlop Bay property.
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/5785/91980_7027124b54293938_003full.jpg
Corporate Update
In addition, BMEX is pleased to announce the appointment of Robert Pryde as President and as a Director of the Company.
Mr. Pryde, is a seasoned geoscientist with over 38 years of experience in both the mining and energy exploration sectors having held various positions in both the junior mining and energy sectors, exploring for gold, base metals and diamonds, as well as hydrocarbons throughout Canada and the United States. During his career he has led and supported projects through various stages of exploration, from pre-discovery to development and production.
Mr. Pryde's appointment follows the departure of Mr. Warner Uhl, the Company's former CEO and Director. The Company would like to thank Warner and wishes him every success in his future endeavours.
In connection with Mr. Pryde's appointment, he has been granted 200,000 stock options exercisable at $0.19 per share for a period of five years.
About BMEX Gold Inc.
BMEX Gold Inc. is a junior Canadian mining exploration company with the primary objective to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdiction of Quebec, Canada. BMEX is currently fully focused on earning 100% interest in its two projects, both located in the prolific Abitibi greenstone belt:
- King Tut Project consists of 120 contiguous claims on 5,206 hectares
- Dunlop Bay Project consists of 76 mineral claims that cover 4,226 hectares
BMEX common shares trade under the symbol "BMEX" on the TSX-V and under the symbol "MRIRF" on the OTCQB and "8M0" on the Frankfurt Exchange.
For further information please contact:
BMEX Gold Inc.
Dylan Sidoo, Business Development
Tel: 1 (604) 423 4499
Email: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91980
2021-08-04 06:30:00
Vancouver, British Columbia--(Newsfile Corp. - June 14, 2021) - BMEX Gold Inc. (TSXV: BMEX) (OTCQB: MRIRF) (FSE: 8M0) ("BMEX" or the "Company") is pleased to announce that diamond drill hole TUT-21-018 has intersected visible gold assaying 81.89 g/t Au over 0.45 metres at its King Tut Gold Project ("King Tut" or the "Project"), located in the Abitibi region of Quebec, Canada (Figures 1 and 2). A re-assay of the sample returned 143.79 g/t Au. All assay results for the Company's recently completed its 2020-21 drill program at King Tut have now been received. Results for drill holes TUT-21-011 to TUT-21-019 can be found in Table 1; collar coordinates and hole orientations are listed in Table 2. Previous results were reported in press releases dated March 11, 2021 and March 23, 2021.
Warner Uhl, President and CEO of BMEX Gold, commented, "I am very pleased with the assay results from hole 18, which was one of the last holes targeting the main structure at King Tut. In addition, we are pleased that nearly all our drill holes have returned gold mineralization over variable widths which is very encouraging for a first pass drill program. The system carries high-grade gold and our geological consulting team will be evaluating the whole drill program in conjunction with other geophysical tools and modelling to create a robust follow-up exploration program. We are well financed for this work and we are collaborating with one of the best geological teams in Canada."
Figure 1: Location Map of King Tut property.
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Figure 2: Location Map for 2020-21 Drill Program.
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Figure 3: VG in Drill Core (TUT-21-018).
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Assay results for the 19-hole, 5119-metres drill program are currently being compiled with the historic drill results as the Company continues to build a comprehensive exploration model for the Project. Recent results, especially this new high-grade interval, confirm the presence of high-grade gold system at King Tut. Upcoming work includes a drone magnetic survey this summer to support detailed geological modelling. The new exploration model will provide the basis for a targeting study ahead of a follow-up diamond drill program in the fall.
| DDH | From (metres) | To (metres) | Length (metres) | Au (g/t) |
| TUT-21-018 | 185.65 | 186.10 | 0.45 | 81.89 |
| TUT-21-018 | 33.00 | 34.10 | 1.10 | 0.80 |
| TUT-21-018 | 89.60 | 90.60 | 1.00 | 1.20 |
| TUT-21-018 | 144.15 | 145.40 | 1.25 | 0.96 |
| TUT-21-011 | 72.00 | 78.50 | 6.50 | 1.18 |
| including | 72.00 | 73.00 | 1.00 | 5.82 |
| TUT-21-011 | 92.50 | 98.00 | 5.50 | 0.59 |
| including | 94.90 | 95.50 | 0.60 | 2.50 |
| TUT-21-011 | 118.90 | 127.50 | 8.60 | 0.22 |
| including | 125.25 | 126.00 | 0.75 | 0.99 |
| TUT-21-012 | 8.00 | 12.00 | 4.00 | 1.30 |
| including | 8.00 | 9.00 | 1.00 | 3.62 |
| TUT-21-013 | 7.00 | 7.80 | 0.80 | 2.16 |
| TUT-21-014 | 16.50 | 19.50 | 3.00 | 0.66 |
| including | 18.50 | 19.00 | 0.50 | 2.41 |
| TUT-21-014 | 26.00 | 33.00 | 7.00 | 0.43 |
| including | 29.40 | 30.00 | 0.60 | 1.79 |
| TUT-21-014 | 54.00 | 63.00 | 9.00 | 0.35 |
| Including | 55.00 | 55.50 | 0.50 | 1.80 |
| including | 61.00 | 62.00 | 1.00 | 1.52 |
| TUT-21-014 | 248.80 | 249.35 | 0.55 | 0.52 |
| TUT-21-015 | 9.75 | 15.20 | 5.45 | 0.20 |
| including | 9.75 | 10.80 | 1.05 | 0.39 |
| TUT-21-016 | 232.75 | 233.40 | 0.65 | 2.08 |
| TUT-21-017 | NSR* | |||
| TUT-21-019 | NSR* | |||
* Note that results are presented uncapped and lengths represent core lengths. NSR = No Significant Result.
Table 1: Results from TUT-21-011 to TUT-21-019
Table 2: Localization of diamond drill hole TUT-21-011 to TUT-21-019.
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QAQC
Diamond drill core was logged and sampled at the Services Geologiques T-Rex Inc. facility located in Evain, Quebec. Samples consist of NQ-size core sawed in half over variable sample intervals, with one half bagged and tagged for delivery to Techni-Lab - S.G.B. Abitibi Inc., a division of Actlabs. Quality assurance and quality control protocols include the insertion of blank samples (1 every 50), certified reference material (standard) samples (1 every 50), preparation duplicates (1 every 50) and quarter core duplicates (1 every 50), in addition to the regular insertion of blank, duplicate, and standard samples accredited by the lab. Holes TUT-20-005 to TUT-21-019 were assayed for gold using standard fire assay on a 30 g fraction with atomic absorption finish, and gravimetric finish for grades above 3 g/t.
Qualified Person
Maxime Bouchard, Geo, M.Sc. (OGQ #1752), Consulting Geologist with Laurentia Exploration is the Qualified Person (as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects) for the Company and has approved the technical disclosure contained in this news release.
About BMEX Gold Inc.
BMEX Gold Inc. is a junior Canadian mining exploration company with the primary objective to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdiction of Quebec, Canada. BMEX is currently fully focused on earning 100% interest in its two projects, both located in the prolific Abitibi greenstone belt:
- King Tut Project consists of 120 contiguous claims on 5,206 hectares
- Dunlop Bay Project consists of 76 mineral claims that cover 4,226 hectares
BMEX common shares trade under the symbol "BMEX" on the TSX-V and under the symbol 8M0 on the Frankfurt Exchange.
For further information please contact:
BMEX Gold Inc.
Dylan Sidoo, Business Development
Tel: 1 (604) 423 4499
Email: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87418
2021-06-14 06:30:00