TSX-V: BMEX - FSE: 8M0

BMEX Gold

Dunlop Bay Gold Property

Dunlop Bay Highlights

The Dunlop Bay Property is located immediately north-north-east of the Matagami District, 15 km north-east from Nuvau's Matagami Lake Mine Mill, processing zinc, copper, silver, and gold material from the Bracemac-McLoed Mine.

  • 76 mineral claims
  • 4,226 hectares
  • Historical results reaching up to 124 g/t Au over 0.70 metres

Location Highlights

  • Strategically Located in Matagami Region, the Dunlop Bay Project is in a favorable geological context, along the emerging gold bearing Sunday Lake Deformation Zone east extension with neighboring properties having record of base metals production.

  • Gold bearing quartz veins and fracture networks are distributed at short range from the contact of the Dunlop Bay intrusion. These types of intrusions offer favourable geological conditions for the generation of gold deposits.

  • Several gold bearing veins and veinlets have been located (by Minière du Nord) in the central part of the property since 1956.

EXPLORATION

Project History

  • More than 18,695 metres of drilling distributed in 114 holes was conducted between 1985 and 1995 on the main gold occurrence, intersecting a series of quartz veins, veinlets, and breccia.

  • As of 2023, the property has 35 400 metres drilled from 216 drillholes.

VMS and Gold Systems Identified

  • Dunlop Bay: Gold mineralization consisting in quartz-carbonate-pyrite veining distributed peripherally an in and the Dunlop Bay intrusion forming a wide vein gold trend (2km long by 500m)
  • Dunlop Bay Ouest and Nord: Volcanic massive sulfides (VMS) mineralization hosted along a continuous calco-alkaline felsic horizon.

Analogous VMS contexts

After extensive data integration and interpretation, BMEX’s technical team has proposed a revised model for the massive sulfides at Dunlop Bay Ouest (DBO). The team recognized Dunlop Bay’s geology, stratigraphy and rock geochemistry were similar to three prolific regions.

  • Geochemical signatures of this rock show an analogous pattern to other known felsic rocks hosting gold-rich VMS like LaRonde (Bousquet mining camp, Mercier-Langevin, 2007). See multielement diagrams next slide.
  • The B26-Brouillan deposit, owned by Soquem Inc., located 100 km directly west of DBO and 8 km from the former Selbaie Mine, shows rhyolites with similar geochemistry (Fayard, 2020) to the felsic rocks from DBO. The indicated resource at B26 Brouillan totals 6.97 Mt at 1.32% Cu, 1.80% Zn, 0.60 g/t Au and 43 g/t Ag. The inferred resource totals 4.41 Mt at 2.03% Cu, 0.22% Zn, 1.07 g/t Au and 9 g/t Ag (SOQUEM, press release, March 4, 2018).
  • The Daniel-25 (GM 70611) zone, identified by Glencore in 2015, lies 30 km west of Dunlop Bay and bears a similar geochemical signature host rock to DBO. The best results from drilling between 2015 and 2017 included 4.69% Zn, 0.67% Cu, 0.137 g/t Au and 9.8 g/t Ag over 7.65 m (DAN-15-25); 3.05% Zn, 4.51% Cu, 0.33 g/t Au and 31.79 g/t Ag over 8 m (DAN-15-27); 5.74% Zn, 2.37% Cu, 0.37 g/t Au and 22.85 g/t Ag over 10.3 m (DAN-16-36); 2.88% Cu over 3.2 m and 10.19% Zn over 2 m, as well as 160.1 g/t Ag over 1 m (DAN-16-54). See multielement diagrams in figure below.

This updated exploration model lead BMEX to define a new program using B-26/Daniel-25/Bousquet-LaRonde analogy to target. This program is planned to occur during fall 2023 to winter 2024 drill program.

2022 Results

The summer 2022 program at Dunlop Bay returned numerous high-grade gold sample results. Of the 96 grab samples taken during program:

  • One sample returned 300.00 g/t Au;
  • Four samples returned greater than 100.00 g/t Au;
  • Fourteen samples contained more than 10.00 g/t Au and;
  • Twenty-five samples contained over 1.00 g/t Au (see Table for Summer 2022 prospection results over 0.5 g/t Au).

These samples were taken from outcropping surfaces and come from three now well-defined gold-rich zones. These three main assets are: the Marcelle-Rolande-Edith veins trend, the Omala-Bella-Lun-Echo trend and the Dunlop Bay-Ouest showing.

  • In addition to the gold rich assays, the 2022 field campaign also significantly improved the confidence in the historical drill results and other geological data.
  • Several historical drill casings were surveyed, and the data is now included in a more robust and complete drilling database.
  • The Dunlop Bay showing now clearly consists of a N120 trending corridor linking the Marcelle, Rolande, and Edith veins. This corridor direction is consistent with the structural analysis performed during the field campaign.
  • The long section between the Rollande and Marcelle veins highlights several hundred meters between high grade gold results that remains untested.
  • A similar trend has also been interpreted between the Bella and Omala veins, which is also barely tested by drilling.
  • Both N120 gold corridors extend for a kilometer each representing large targets for the current drill program.

2023 Summer Work

  • Assessed several highly prospective gold bearing vein trends within the Marcelle-Rolande-Edith gold-bearing trend.
  • Several targets were identified from which seven high priority areas were selected and trenched.
  • Focused on the known gold-bearing region of the Marcelle-Rolande-Edith trend and in direct vicinity

Summer zone of work with MAG-LIDAR / 2023

  • This summer’s zone of work on shaded LIDAR with trench locations, known zones, DDH traces with gold intersections and surface grab samples from prospecting.
  • Recognizable expression of known gold mineralization lineaments at N110-130, in accordance with observed structural trends
  • These lineaments are the main targets of this year’s trenching program and will provide guidance to the geological prospecting teams in an effort to extend the trend.
  • Trenching results pending

BMEX Gold used high-resolution LiDAR to identify very prospective regions on the Marcelle-Rolande-Edith site of the Dunlop Bay Property, and drone airborne magnetics to identify highly prospective gold bearing vein trends. More details on these techniques can be found in this article

Fall-Winter 2023-2024: 3,000 to 4,000m Drilling Program

Dunlop Bay Ouest (DBO)

  • Target #1 focuses on the center of a barely tested punctual high-MAG.
    • The edge of this high-MAG returned more 7 m of combined massive sulfides and massive magnetite with anomalous manganese content. Proposed drill hole targets 100 m step out from previously drilled DDH GC-91-15 in which a large off-hole conductor was identified parallel to this drill hole.
  • Target #2 is designed to investigate the intersection between the conductor and the Dunlop Bay intrusion eastward of the known Cu-Au±Mo rich (DBO main showing) sulfide mineralization.
  • Target #3 aims at punctual high MAG within the intrusion boundary, close to where historical DDHs 1300-N1 and 1300-N2 intersected over 30 gold-bearing veins and veinlets across 50 m of the intrusion. Target #3 will also test the fold hinge within the volcanics just west the high MAG.
  • Target #4 tests the interpreted limit between DBO and Southern domains. The interpreted limit is of similar orientation to historical high-grade Au veins striking at N110 (i.e., Marcelle, Rolande).
  • Target #5 investigates the untested conductive southern limb of the DBO favorable horizon where strong Hashimoto alteration index are observed.

Dunlop Bay Nord (DBN)

  • Target #6, #7 and #8 aimed at testing the lateral and vertical continuity of the known Au-Zn sulfide mineralization. Strong alteration index (Hashimoto) is recognized in the area. To the best of BMEX’s knowledge, DBN is analog to DBO (regarding metal zonation and stratigraphy) with a lesser level of investigation.

LATEST NEWS FOR DUNLOP BAY

BMEX Announces Multiple High-Grade Gold Discoveries at Dunlop Bay, Quebec

BMEX Announces Multiple High-Grade Gold Discoveries at Dunlop Bay, Quebec -Samples up to 25.60 g/t Au at Surface- Vancouver, British Columbia--(Newsfile Corp. - November 30, 2023) - BMEX Gold Inc. (TSXV: BMEX) (FSE: 8M0) ("BMEX" or the "Company") announces results from a highly successful 2023 surface exploration program at Dunlop Bay, Quebec, with up to […]

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BMEX Gold Announces Fall Exploration Program Targeting Precious Metal Rich VMS At Dunlop Bay, Quebec

BMEX Gold Announces Fall Exploration Program Targeting Precious Metal Rich VMS At Dunlop Bay, Quebec Vancouver, British Columbia--(Newsfile Corp. - September 6, 2023) - BMEX Gold Inc. (TSXV: BMEX) (FSE: 8M0) ("BMEX" or the "Company") is pleased to announce its fall exploration program at Dunlop Bay, contingent upon the closing of its $1,000,000 financing announced […]

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BMEX Launches 2023 Summer Exploration Program at Dunlop Bay's Marcelle-Rolande-Edith Gold-Bearing Trend

BMEX Launches 2023 Summer Exploration Program at Dunlop Bay's Marcelle-Rolande-Edith Gold-Bearing Trend Vancouver, British Columbia--(Newsfile Corp. - July 27, 2023) - BMEX Gold Inc. (TSXV: BMEX) (OTCQB: MRIRF) (FSE: 8M0) ("BMEX" or the "Company") is pleased to announce the commencement of the 2023 Summer Exploration program at Dunlop Bay s.s. Marcelle-Rolande-Edith gold-bearing trend. Geological Field […]

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BMEX Extends Gold Corridor, Makes New Gold Discovery and Reports Base Metals Intersections at Dunlop Bay

BMEX Extends Gold Corridor, Makes New Gold Discovery and Reports Base Metals Intersections at Dunlop Bay Vancouver, British Columbia--(Newsfile Corp. - February 9, 2023) - BMEX Gold Inc. (TSXV: BMEX) (OTCQB: MRIRF) (FSE: 8M0) ("BMEX" or the "Company") is pleased to announce the results of its 2022 drilling program which represented 3,013 m drilled amongst […]

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BMEX Drills Massive Sulfides at Dunlop Bay Ouest

Vancouver, British Columbia--(Newsfile Corp. - October 25, 2022) - BMEX Gold Inc. (TSXV: BMEX) (OTCQB: MRIRF) (FSE: 8M0) ("BMEX" or the "Company") is pleased to discuss the visual results of the first two holes drilled into the geophysical anomaly on Dunlop Bay Ouest. Both holes have intersected massive sulphides. The first hole (BD-22-01) was drilled […]

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BMEX Samples up to 300 g/t Gold at Surface, Identifies Two Separate Kilometric Gold Corridors and a 900 m VMS Target at Dunlop Bay

Vancouver, British Columbia--(Newsfile Corp. - October 17, 2022) - BMEX Gold Inc. (TSXV: BMEX) (OTCQB: MRIRF) (FSE: 8M0) ("BMEX" or the "Company") is pleased to announce multiple high-grade gold results from the field campaign at Dunlop Bay and the start of a 3,000 m drilling program and a follow-up geological mapping, sampling and prospecting program. […]

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BMEX Provides Exploration Update On Dunlop Bay Property

Vancouver, British Columbia--(Newsfile Corp. - August 18, 2022) -  BMEX Gold Inc. (TSXV: BMEX) (OTCQB: MRIRF) (FSE: 8M0) ("BMEX" or the "Company") is pleased to announce an exploration update on a recently completed field program on the Dunlop Bay Property ('Dunlop Bay" or the "Property") in the Abitibi region, Québec, Canada (Figure 1). The program […]

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BMEX Gold Reviews Dunlop Bay Ground EM Survey Results and Begins Field Campaign

Vancouver, British Columbia--(Newsfile Corp. - July 7, 2022) - BMEX Gold Inc. (TSXV: BMEX) (OTCQB: MRIRF) (FSE: 8M0) ("BMEX" or the "Company") is pleased to announce the final interpretation of a ground EM survey (Fixed Loop Transient Electro-Magnetic survey or FL-TDEM) performed over the Dunlop Bay Property ('Dunlop Bay" or the "Property") in the Abitibi […]

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BMEX Gold Discovers Luxor Gold Zone at King Tut and Announces its 2022 Exploration Program for King Tut and Dunlop Bay Properties

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 […]

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BMEX Gold Announces Exploration Program for Second Half of 2021, Appoints Robert Pryde as President and Provides Corporate Update

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. […]

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