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.

• 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.