TSX-V: BMEX - FSE: 8M0

BMEX Gold

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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 to test the interpreted plate below the known plate in the heart of the known Dunlop Bay Ouest showing (Figure 1). Hole BD-22-01 intersected a 7.00-metre (m) stringer (STR) zone composed of Pyrite (PY), Pyrrhotite (PO), trace Chalcopyrite (CP) and trace Galena (GN) followed by semi-massive Pyrite-Pyrrhotite-1% Chalcopyrite over 1.00 m. This intersection extends the mineralization plan of the Dunlop Bay Ouest historical showing 100 m (Figure 2) downdip.

The second hole targeted a new plate and represents a new discovery of 3.85 m of massive sulfides composed of pyrrhotite, pyrite and traces of chalcopyrite and traces of sphalerite (Figure 3). BD-22-02 encountered one of the most conductive electromagnetic (EM) plates at Dunlop Bay Ouest. The massive sulfide lens from hole BD-22-02 overlies 3.60 m of massive magnetite (MT) itself overlying on a package of felsic rocks. A stringer zone (Figure 3) of 5.85 m of Pyrite-Pyrrhotite-Magnetite and traces to 1% Chalcopyrite crosscutting the felsic unit was also observed underneath the massive magnetite. Hole BD-22-02 tested EM anomaly #2 on one related 1000 Siemens plate (Figures 2 and 3). The new discovery is 220 m north of historical hole ME-8, which returned 6.84 g/t Au over 1.50 m on the very edge of another 1000 Siemens plate (EM anomaly #1a, Figure 3). Assay results are pending.

Robert Pryde, President of BMEX Gold, stated: "I am very pleased that the geological mapping, prospecting and EM surveys conducted over Dunlop Bay have been corroborated with the visuals in the core. This gives us confidence in our targeting tools and bodes well for future exploration by confirming the potential of the 900 m long EM anomaly. Second, it is important to point out that the geology of this anomaly is very favourable as the massive sulphides are sitting on a felsic package which is the typical geological setting of many VMS mines in Matagami area and elsewhere. Third, the gold in the historical hole ME-8, located 220 m to the south, is associate with both Pyrite-Pyrrhotite and Chalcopyrite stringer and lies on the outer edge of another 1000 Siemens EM anomaly. We are already planning to conduct BHEM surveys in the 2022 DDH holes to further investigate with precision the extent of the newly discovered bodies. I look forward to receiving and reporting the assay results from our maiden drill program at Dunlop Bay."

Pryde continued, "While the focus of the first half of the drill program has been on this exciting VMS target, the balance of the program will test the two kilometric gold systems just to the south. Dunlop Bay offers both gold and VMS potential and I am hopeful that the second half of the program will be as fruitful as the first."

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Figure 1: Dunlop Bay Ouest EM anomalies and first 2022 drilling intersections

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Figure 2: Dunlop Bay Ouest long section view

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Figure 3: BD-22-01 and BD-22-02 mineralization intercepts

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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 historical 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 their 100% interest in the 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/141813

info

2022-10-25 06:30:00

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.

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

  • One (1) sample returned 300.00 g/t Au;
  • Four (4) samples returned greater than 100.00 g/t Au;
  • Fourteen (14) samples contained more than 10.00 g/t Au and;
  • Twenty-five (25) samples contained over 1.00 g/t Au (see Table 1 for full results).

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 (see Figure 1).

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Figure 1:
Dunlop Bay map with updated prospection results and historical drilling results.
 
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In addition to the gold rich assays, the 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. As shown on Figure 1, the Dunlop Bay showing now clearly consist of a N120 trending corridor linking Marcelle, Rolande and Edith veins. This corridor direction is consistent with the structural analysis performed during the field campaign. The Figure 2 long section between 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.

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Figure 2: Marcelle-Rolande-Edith historical drilling long section view. Gold results are filtered over 1 g/t.
 
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Sample ID UTM East UTM North Au (g/t) Ag (g/t)
E436543 315147 5520683 300.00 129.00
E436540 315147 5520683 230.00 231.00
E436544 315145 5520688 218.00 150.00
E436524 314641 5521090 119.50 5.30
E436548 315140 5520687 51.70 39.40
E436549 315140 5520687 40.00 23.00
E436675 315527 5520689 33.70 31.90
E436672 315527 5520689 20.00 28.30
E436525 314643 5521089 17.90 12.70
E436676 315527 5520689 15.40 19.70
E436503 315560 5520673 12.45 21.20
E436538 315161 5520673 12.35 16.40
E436545 315145 5520688 11.75 35.40
E436537 315165 5520668 10.30 14.00
E436541 315147 5520683 9.77 24.40
E436539 315161 5520673 9.26 7.30
E436509 316381 5520109 7.41 11.50
E436526 314642 5521090 4.60 1.20
E436510 316365 5520113 4.57 6.90
E436527 314642 5521090 4.15 1.00
E436673 315527 5520689 3.30 2.60
E436674 315527 5520689 2.50 3.80
E436536 315165 5520668 2.36 8.00
E436547 315145 5520688 1.13 2.60
E436752 314893 5522528 1.04 7.00
E436501 315571 5520672 0.63 3.40
E436502 315563 5520670 0.59 0.70
E436668 314711 5520795 0.51 8.40

 

Table 1: Summer 2022 prospection results over 0.5 g/t Au

On the Dunlop Bay-Ouest showing, an extended ground EM (electromagnetic) survey was successfully extended southward during this past summer. The survey has led to the discovery of many new conductive anomalies. These new EM plates align along an anomalously conductive trend striking North-South and extending for over 900 metres. The EM anomalies are already known to be locally gold-bearing with historical intersection going up to 6.84 g/t Au over 1.50 m (DDH ME-8, GM05804, Figure 1). This historical grade is associated with sulphide stringers and is located on the very edge of one of the many new conductive plates identified from the ground EM survey and new interpretation.

Robert Pryde, President of BMEX Gold, stated: "The integrated exploration strategy defined earlier this year is paying off and I am thrilled by the size and tenure of our gold and VMS targets. With the work completed this summer, we have now defined two well controlled gold bearing corridors of kilometric order. The Dunlop Bay showing was until now, thought to be a scattered gold halo. At the same time, we have very encouraging results from a ground EM survey on Dunlop Bay Ouest / Guislau area. This is a good indicator of a VMS style of mineralization and the EM anomaly is now extending on more than 900 m of strike. This new electromagnetic survey and interpretation permitted BMEX to highlight yet undrilled plates of conductance going up to 1,000 siemens. A second phase of geological field work and prospecting is currently underway to further enhance the geological and assay data available on this sector and the rest of the property. Obviously, the Dunlop Bay Ouest showing, the Marcelle-Rolande-Edith and Bella-Omala trends will be priority targets of a 3,000 m drilling program starting this week."

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 historical information on the Property, particularly in regard 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 their 100% interest in the 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/140699

info

2022-10-17 06:30:00

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 is designed to: 1) validate presence and location of historical mineralization; 2) enhance the understanding of the various structural and geological controls to help design this fall's drilling program; 3) find the continuity of existing mineralization and; 4) discovery of new showings.

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Figure 1: Geological map of the Dunlop Bay Property and location of historical gold showing validated during the 2022 field program.

To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/5785/134106_ca48251a44e9b8c9_001full.jpg

Robert Pryde, President and CEO of BMEX Gold commented, "I am very pleased with the quality of work to date on the Dunlop Bay project. We combed through a lot of data to identify the best gold and VMS exploration opportunities on this project and our field program has validated our analysis. We have identified the mineralized veins as well as historical drill hole collars and what we are seeing exceeded our expectations and gives us added confidence in our upcoming drill program."

Previous data compilation on Dunlop Bay showing had identified high grade surface gold mineralization including the Bella (historical grab samples returned up to 273.71 g/t Au, GM 16102) and Omela veins (historical grab samples returned up to 14.46 g/t Au, GM 16102). To date, the team has identified and validated the location of most of the mineralisation highlighted in the compilation of historical work including the Bella, Omela, Edith, Rollande, Venus and Galena veins (Figures 1 and 2). Several samples were taken on each mineralized zone and results are pending from ALS Laboratory. These veins are hosted along a WNW-trending corridor forming an approximately 2 km long highly prospective horizon for mineralization. The summer field work suggests that the structures encountered continues Eastward of the Dunlop Bay showing with a possible untested link between Bella and Omala veins (Figure 1).

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Figure 2: Photographs of the historical gold showing observed in the field.

To view an enhanced version of Figure 2, please visit:
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Field reconnaissance made on Dunlop Bay West showing (or Ghislau) and on westward extension along the ground Electro Magnetic (EM) survey grid led to the identification of anomalously pyritized (10-25% pyrite and minor chalcopyrite) intermediate to felsic lavas located in the environment of the detected EM anomalies 1, 2 and 3 (Figure 3). The historical Ghislau showing was found slightly south of EM Anomaly 3, and is composed of a 2 to 3 metres thick horizon oriented N300/65 of silicified intermediate to felsic rock overlaying between two flows of hyaloclastic to flow brecciated basalts (Figure 4). Orientation and dip of the anomalous pyrite-rich horizon show that it could be related with conductor Anomaly 3 at depth. The Ghislau showing confirms the sulfides-rich mineralization style and the high potential of lateral continuity along the WSW trend provided by EM anomalies 1 and 2.

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Figure 3: Ground EM survey of the Dunlop Bay Ouest Showing area with 2022 outcrops location.

To view an enhanced version of Figure 3, please visit:
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Figure 4: Ghislau showing hosted in intermediate to felsic volcanic sequence. Mineralization is associated with metric sulfides horizon (pyrite+chalcopyrite).

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Prospection made on EM Anomaly 1 and 2 led to the observation of a felsic rocks package of over 200 metres associated with an anomalous pyritization background (5 to 15%) and local sulfide stringers (Figure 3). This area is clearly affected by hydrothermal fluids and suitable for Ghislau mineralized extension. The Company is now working on defining an extended ground EM survey south-west of this spring grid to refine information on Anomaly 1 and to provide further information on these trends prior to the fall drill program.

Historical drill collars have also been identified on Dunlop Bay allowing for more precision on the upcoming diamond drill program.

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 historical 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 their 100% interest in the 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/134106

info

2022-08-18 07:00:00

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 region, Québec, Canada. This survey aimed to define drilling targets in the vicinity of the Dunlop Bay Ouest showing (also known as Ghislau showing). Three conductivity anomalies (ANO1, ANO2 and ANO3) were identified, forming an East-North-East trending conductive corridor (Figure 1).

Robert Pryde, President of BMEX Gold, commented: "The results from the FL-TDEM survey are very encouraging as they suggest the continuity of the known Dunlop Bay Ouest showing westward. Amongst the three anomalies, ANO1 and ANO2 are strong from early to late time channels and have modelled plates with high conductance which might reflect the presence of massive sulphide bodies. Also, ANO1 was never tested by drilling. I am pleased to announce that this zone will be further investigated during our field program starting in the next few weeks. In addition to these areas, our previous data compilation and analysis of historical work has identified several high-grade gold targets as well as gold rich massive sulphide targets on the Dunlop Property."

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Figure 1 : 2022 ground EM anomalies over Dunlop Bay Ouest showing and summer 2022 field focus

To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/5785/130165_20e52432642eaa61_001full.jpg

The Company has engaged Laurentia Exploration to complete a field program over Dunlop Bay Property. This program will be starting in July, aiming to 1) find the continuity of existing mineralization, 2) enhance the understanding of the various structural and geological controls over the known occurrences and 3) discover new showings. Recent data compilation work has defined several structural trends related to the known Dunlop Bay showing, that need to be confirmed on the field.

The field program will focus on confirming, locating and understanding the systems in order to generate drill targets that will be tested by a 3,000 meters program scheduled for Fall 2022 (see April 26th news release). Data compilation to date also identified high grade surface gold mineralization including the Bella (historical grab samples returned up to 273.71 g/t Au) and Omela veins (historical grab samples returned up to 14.48 g/t Au) (Figure 1, GM16102). Minimal historical work has been completed on these targets and they have not been drilled.

In addition, the Mont Laurier Est showing extension on BMEX ground will also be investigated during this field work season. Indeed, a recent re-interpretation of historical prospection maps and recent detailed imagery has revealed that Cu-Au-Ag rich massive sulphides can be found in this area. Finally, systematic outcrop description and mineralization sampling will be undertaken on the rest of the property, and especially around the Baie Dunlop showing to confirm the above-mentioned structural model.

The King Tut Project also received an adjusted geological and structural interpretation (Figure 2), based on the late 2021 drilling campaign (see April 26th news release) and the detailed drone-born magnetic data. A major fold hinge seems to control the location of the heart of Tut gold system; this hinge has not been drilled to the west of the known showing. Several other potential fold axis' were also interpreted on King Tut Project. Confirming these structural theories will require follow up field work, to begin late this summer.

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Figure 2 : King Tut adjusted geological and structural interpretation

To view an enhanced version of Figure 2, please visit:
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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 their 100% interest in the 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/130165

info

2022-07-07 07:00:00

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.

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Figure 1 : Fall 2021 drill holes and significant assays results

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/5785/121646_9f25ab6454bd7b45_001full.jpg

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Figure 2 : TUT-21-032 intersection

To view an enhanced version of Figure 2, please visit:
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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.

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Figure 3 : Dunlop Bay Property 2022 prospecting and mapping goals

To view an enhanced version of Figure 3, please visit:
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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

info

2022-04-26 06:00:00

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