TSX-V: BMEX - FSE: 8M0

BMEX Gold

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BMEX Gold Inc. Announces Financing

BMEX Gold Inc. Announces Financing

May 10, 2024 4:00 PM EDT | Source: BMEX Gold Inc

Vancouver, British Columbia--(Newsfile Corp. - May 10, 2024) - BMEX Gold Inc. (TSXV: BMEX) (FSE: 8M0) ("BMEX" or the "Company") announces that it is undertaking a non-brokered private placement financing of for aggregate gross proceeds of up to $1,250,000 (the "Offering").

The Offering will consist of the sale of up to 6,666,667 flow-through units ("FT Unit") at $0.15 for gross proceeds of up to $1,000,000 and 1,666,667 non-flow-through units ("NFT Units") at $0.15 for gross non-flow through proceeds of up to $250,000. Each FT Unit and each NFT Unit consists of one common share (a "Common Share") of the Company and one full common share purchase warrant ("Warrant"), with each Warrant entitling the holder thereof to acquire one additional Common Share at a price of $0.20 per share for a period of twenty-four (24) months from the closing date of the Offering.

In consideration for services provided with respect to the Offering, the Company may pay cash finder's fees of up to 6% of the gross proceeds of the Offering.

The gross proceeds from the sale of the FT Units will be used to further explore and evaluate the Company's Dunlop Bay project located in Quebec, Canada and proceeds from the sale of the NFT Units will be used for general working capital.

All securities issued pursuant to the Offering will be subject to a statutory hold period of four months from the date of issuance in accordance with applicable securities legislation. The Offering is subject to certain closing conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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 its 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 and CEO
Tel: (403) 478-6042
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.

Forward-looking statements:

This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the completion of the Offering as described herein are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "to earn", "to have', "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to obtain any necessary regulatory approvals, the termination of any agreement governing the Offering, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company's annual Management's Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/208768

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2024-05-10 16:00:00

BMEX Identifies High Priority Gold and VMS Drill Targets From Soil Sampling and Geophysics at Dunlop Bay, Quebec

February 27, 2024 7:00 AM EST | Source: BMEX Gold Inc

Vancouver, British Columbia--(Newsfile Corp. - February 27, 2024) - BMEX Gold Inc. (TSXV: BMEX) (FSE: 8M0) ("BMEX" or the "Company") announces very positive results from the summer 2023 reconnaissance geochemical soil program at Dunlop Bay, Quebec.

During the summer of 2023, BMEX commissioned a reconnaissance geochemical soil survey in conjunction with the 2023 successful trenching program (see BMEX release November 30, 2023). The purpose was to test the viability of using soil geochemistry to identify potentially mineralized zones to the SE of BMEX's extension of the Marcelle-Edith trend. The program was to test two different methods (Ionic Leach and Aqua Regia) and was executed along one known gold occurrence (Edith zone on the Western grid) and along the underexplore eastern side of the property (Figure 1).

Recent results from this survey has revealed a good correlation of Ionic Leach method to identify the known Edith zone (western grid on Figure 2). This method has also highlighted several other geochemically anomalous areas. Those anomalies seem to be linked together using lineaments from MAG/LIDAR combined product (see Figure 2), but infill soil survey is needed to confirm the model.

President Robert Pryde stated, "The combined use of LIDAR/Magnetics mapping and soil geochemistry to detect lineaments of interest, brings a whole new dimension to identifying mineralization within the Dunlop Bay Region and ultimately provides BMEX with rapid low-cost targeting to focus exploration dollars. With this data we have better precision to select drill targets with defined strike length and width estimates for the 2024 Exploration program."

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Figure 1: Location of 2023 surface soil geochemistry grid along the know Edith zone (red square) and the eastern exploration grid (blue square).

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Figure 2: Ionic Leach soil survey interpolation and interpreted mineralized trends based on the MAG/LIDAR and field observations.

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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 exploration and soil program was planned and supervised by Maxime Bouchard. The samples were analyzed by ALS Canada Ltd. using Ionic Leach Method (ME-MS23, pH-MS23 and OA-ELE07). The Qualified Person has not completed sufficient work to verify the historical information on the Property, particularly regarding 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 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 and CEO
Tel: +1 (403) 478-6042
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.

Forward-looking Statements

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.sedarplus.ca 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/199467

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2024-02-27 07:00:00

BMEX Gold Inc. Announces Financing

Vancouver, British Columbia--(Newsfile Corp. - December 14, 2023) - BMEX Gold Inc. (TSXV: BMEX) (FSE: 8M0) ("BMEX" or the "Company") is pleased to announce a non-brokered private placement financing for aggregate gross proceeds of up to $900,000 (the "Offering"). The Offering will consist of the sale of up to 35,000,000 flow-through units ("FT Unit") at $0.02 per FT Unit for gross flow-through proceeds of $700,000 and the sale of up to 10,000,000 non-flow-through units ("NFT Units") at $0.02 per NFT Unit for gross non-flow-through proceeds of $200,000.

Each FT Unit consists of one common share (a "Common Share") of the Company and one-half of one common share purchase warrant ("Warrant"), with each Warrant entitling the holder thereof to acquire one additional Common Share at a price of $0.05 for a period of twenty-four (24) months from the closing date of the Offering. Each NFT Unit consists of one Common Share and one full Warrant.

As consideration for services provided in connection with the Offering, the Company may pay cash finder's fees of up to 7% of the gross proceeds of the Offering.

The gross proceeds from the sale of the FT Shares will be used to further explore and evaluate the Company's Dunlop Bay project located in Quebec, Canada, and proceeds from the sale of the NFT Units will be used for general working capital and may include payment of salaries for the Company's CFO and CEO.

All securities issued pursuant to the Offering will be subject to a statutory hold period of four months from the date of issuance in accordance with applicable securities legislation. The Offering is subject to certain closing conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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 its 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 and CEO
Tel: (403) 478-6042
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.

Forward-looking statements:

This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the completion of the Offering as described herein are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "to earn", "to have', "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to obtain any necessary regulatory approvals, the termination of any agreement governing the Offering, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company's annual Management's Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

Not for Distribution in the United States

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/191045

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2023-12-14 10:02:00

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 25.6 g/t Au (grab sample) and three new gold zone discoveries that are open in all directions.

The 2023 summer and fall prospecting and trenching programs focused on testing structural and geological lineaments, newly interpreted from the combined Magnetic and Lidar ("MAG-LiDAR") vertical derivative maps. Amongst the nine trenches successfully reaching bedrock, five trenches were gold-bearing (Figure 1) and Table 1 for results.

  • Highlight grab samples:
    • trench 14 returned up to 25.60 g/t Au,
    • trench NW2 up to 15.60 g/t Au,
    • trench 22 up to 10.45 g/t Au and,
    • trench B up to 2.69 g/t Au.

These new high-grade results are from areas with very limited assay data (Figure 1). Gold concentrations are controlled by NW-SE trending MAG-LiDAR lineaments (similar to the historical Marcelle, Edith, and Rolande veins). Detailed mapping of the trenches confirmed the coincidence of the gold-bearing structure and features identified by geophysics has revealed that these lineaments consist in barely deformed sulfide-rich (locally massive) intervals. The sulfide-rich gold bearing horizons are more deeply weathered due to the higher sulfide content than the surrounding lithological units, resulting in local low topography that produce the combined MAG-LiDAR anomalies.

  • Trench 14 is also a totally new surface discovery. This MAG-LiDAR lineament contains the best results of the campaign (25.6 g/t Au). This new surface anomaly has a strike length of over 1 km that is untested. Again, the mineralization consists of thin semi-massive to massive sulfide (pyrite) layers.

  • Trench NW2 is a new discovery made 400 metres northwest of the closest historical showing. It is widely mineralized and returned 12 values over 0.1 g/t Au out of 23 surface samples taken during the program on this trench. Those 12 gold bearing samples also delivered interesting silver values with a mean for those 12 samples at 15.53 g/t Ag and reaching up to 47.2 g/t Ag. Gold mineralization is associated with pyrite-arsenopyrite-rich basaltic and rhyolitic rocks. A significant iron oxide alteration and deep weathering was encountered in this trench. Accompanying this alteration, a few preserved semi-massive to massive sulfides samples were taken at the very edge of the outcropping surface (Figure 2). This indicates that the overburden-covered NW-SE depression might conceal a sulfide-rich area. This area located at the southwest margin of the trench is defined to be 2 to 2.5 metres thick. Additionally, a lithogeochemical analysis of the mineralization taken from felsic rocks encountered in trench NW2 revealed a multielement pattern similar to the felsic rocks seen at Dunlop Bay Ouest (see September 6, 2023 release and multielement diagram on Figure 2).

  • Trenches 22 and B cross cuts the same lineament at two different locations which is barely explored northwestward and southeastward.

Finally, Au concentrations from the 2023 field campaign are significantly correlated to Bi (Table 1 and Figure 2), Ag, and at a lesser extent, to As-Cu. Such metallic associations were previously documented by BMEX at Dunlop Bay Ouest and interpreted as a contribution from intrusion-related fluids to the mineralizing events. Those elements in correlation with gold will be used by the company as a pathfinder in the interpretation of this summer's soil programs.

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Figure 1 : Summer and fall 2023 surface gold assay results.

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Robert Pryde, President and CEO of BMEX Gold stated: "The goal of this year's surface program was to find new gold-rich zones and to link these to the existing historical occurrences, both of which were accomplished. Our exploration strategy and especially the use of MAG/ LiDAR surveys in this region has proved to be remarkably efficient at identifying the traps for gold-rich mineralization at Dunlop Bay. We now have an additional 1 km long prospective lineament with trench 14. Based on the elemental associations, our confidence is increasing that the Dunlop Bay intrusion is playing a significant role in gold and copper endowment. The identification of similar geological, lithogeochemical signatures and metallic associations between Dunlop Bay Ouest and trench NW2 mineralization is a huge advancement. Indeed, we are starting to consider these two assets as one, resulting from the same mineralizing event. We are excited to drill test below trenches NW2 and 14 notably, to potentially find further gold-rich sulfide lenses."

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Table 1 : Fall 2023 surface results for Au > 0.1 g/t

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Figure 2 : Trench NW2 results and interpretations

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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 exploration and quality control program were planned and supervised by Maxime Bouchard. The quality assurance and quality control protocol include insertion of one blank and one standard for every 50 samples, in addition to the regular insertion of blank, duplicate, and standard samples accredited by ALS Canada Ltd. during the analytical process. 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 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 and CEO
Tel: +1 (403) 478-6042
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.

Forward-looking statements

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.sedarplus.ca 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/189335

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2023-11-30 13:31:00

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 on August 29, 2023.

Following a successful summer exploration program that tested the gold vein system at Dunlop Bay, BMEX intends to drill approximately 4,000 m into its VMS targets at both Dunlop Bay Ouest (DBO) and Dunlop Bay Nord (DBN). At DBO, a strong Cu-Au-Mo correlation is observed in assays from sulfide-rich rocks, which are typical of partially magmatic-derived fluids. The intrusion is already known to be widely mineralized by Au-bearing quartz-carbonate-pyrite vein swarms. As a result of extensive data integration and subsequent interpretation, BMEX's technical team has proposed a revised model for precious metal rich massive sulfides at DBO. The team recognized Dunlop Bay's geology, stratigraphy, and rock geochemistry were similar to three prolific regions in the area. As a reminder, BMEX drill hole BD-22-02 intersected over seven meters of combined massive sulfides and massive magnetite, see Figure 1 and October 25, 2022 news release.

  • Whole rock analysis made on DBO drill holes confirm the presence and continuity of a calco-alkaline felsic unit along DBO mineralized horizon. Geochemical signatures of this rocks shows analogous pattern to other known felsic rocks hosting gold-rich VMS like LaRonde (Bousquet mining camp, Mercier-Langevin, 2007). The multielement diagram and mapping of DBO felsic unit are presented in Figure 2.
  • In addition, 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 lies 30 km west of Dunlop Bay and also bears a similar geochemical signature host rock to DBO. The area has been known to be the host of massive sulfides for at least a decade. Originally, exploration of this area intersected several barren massive sulfides before discovering the Zn-Cu-Au-Ag rich lens discovery in 2015. 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).

"We are very intrigued by the newly evolved model for the Dunlop Bay Ouest-Nord asset, and we believe this upcoming drill program will prove to be very significant," said Robert Pryde, President and CEO of BMEX Gold. "Previous drilling by BMEX had targeted typical Matagami zinc-rich VMS style mineralization. The drill program will use our new geological interpretation to better target the fall 2023 drilling. At the same time we look forward to seeing the results from our summer 2023 trenching program on the gold vein targets at the Dunlop Bay s.s. Marcelle-Rolande-Edith gold-bearing trend."

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Figure 1 - Drill core from the Dunlop Bay 2022 drill program showing stringers and massive sulfide mineralization in Holes BD-22-01 and BD22-02.

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Figure 2 - Felsic Rocks from Dunlop Bay Figure A show analogue multi-element signature to the felsic rocks at the LaRonde Mine Figure B.

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The upcoming 4,000 m drill program will be comprised of eight holes testing VMS targets at both the Dunlop Bay Ouest and Dunlop Bay Nord (see Figure 3 and 4).

Dunlop Bay Ouest (DBO)

  • Target #1 focuses on the center of an untested punctual high-MAG located along the main EM conductor. The edge of this high-MAG returned more than 7 m of combined massive sulfides and massive magnetite hosted in the favorable felsic horizon. The proposed drill hole targets are 100 m step-out from previously drilled DDH GC-91-15 in which a large off-hole conductor was identified during a recent Bore Hole Electro Magnetic (BHEM) survey.
  • Target #2 aims at intersecting Cu-Au-Mo rich sulfide mineralization along the conductor within the intrusion.
  • 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 of the high-MAG.
  • Target #4 will test the border between the DBO and the Southern domain, in which high-grade Au veins strikes at a N110 bearing (Marcelle, Rolande, etc.).
  • Target #5 will test the conductive southern limb of the DBO, this is a favorable horizon where strong Hashimoto alteration index are observed.

Dunlop Bay Nord (DBN)

  • Targets #6, #7 and #8 are aimed at testing the lateral and vertical continuity of known Au-Zn sulfide mineralization.

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Figure 3 - Dunlop Bay Ouest & Dunlop Bay Nord 2023 drill targets.

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Figure 4 - Dunlop Bay Ouest & Dunlop Bay Nord 2023 drill targets.

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Marcelle-Rolande-Edith Gold-Bearing Trend Update

During the summer of 2023, the Company assessed several highly prospective gold bearing vein trends within the Marcelle-Rolande-Edith trend. Seven high priority targets were identified, from which five were trenched to date of which three successfully reached bedrock. Trenching assay results are pending. A second phase of trenching is planned prior to winter 2023.

In respect of the Company's previously announced offering of up to 5,000,000 units at $0.04 per Unit for gross proceeds of up to $200,000 (the "Offering"), the Company confirms that no funds from the Offering will be used for payments to non-arm's length persons (other than normal course payments to officers of the Company), and no funds from the Offering will be used for payments to persons conducting Investor Relations Activities.

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 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 and CEO
Tel: +1 (403) 478-6042
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.

Forward-looking statements

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.sedarplus.ca 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/179685

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2023-09-06 07:00:00

BMEX Gold Announces Financing

Vancouver, British Columbia--(Newsfile Corp. - August 29, 2023) - BMEX Gold Inc. (TSXV: BMEX) (FSE: 8M0) ("BMEX" or the "Company") is pleased to announce a non-brokered private placement financing for aggregate gross proceeds of up to $1,000,000 (the "Offering"). The Offering will consist of the sale of up to 14,545,454 flow-through shares ("FT Share") at $0.055 per FT Share for gross proceeds of $800,000 and the sale of up to 5,000,000 hard dollar units ("HD Units") at $0.04 per HD Unit for gross proceeds of $200,000.

Each HD Unit consists of one common share (a "Common Share") of the Company and one Common Share purchase warrant ("Warrant"), with each Warrant entitling the holder thereof to acquire one additional Common Share at a price of $0.055 for a period of twenty-four (24) months from the closing date of the Offering.

As consideration for services provided in connection with the Offering, the Company may pay cash finder's fees of up to 6% of the gross proceeds of the Offering.

All securities issued pursuant to the Offering will be subject to a statutory hold period of four months from the date of issuance in accordance with applicable securities legislation. The gross proceeds from the sale of the FT Shares will be used to further explore and evaluate the Company's Dunlop Bay project located in Quebec, Canada and proceeds from the sale of the HD Units will be used for general working capital.

The Offering is subject to certain closing conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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 its 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 and CEO
Tel: +1 (403) 478-6042
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.

Forward-looking statements

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.sedarplus.ca 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/178824

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2023-08-29 07:00:00

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 14 surveys. Gold values were obtained in almost every drill hole, with 15.20 g/t Au over 0.70 m intersected in Hole BD-22-07 targeting the Marcelle vein. In addition, a new gold zone was discovered with Hole BD-22-09 which intersected multiple gold-rich intervals in a previously undrilled area west of the Edith vein. Results from Hole BD-22-09 included 1.24 g/t Au over 0.60 m, 2.17 g/t Au over 0.50 m and 3.65 g/t Au over 0.50 m.

Figure 1 shows the position of the 2022 drill holes and Table 1 lists the best results from the campaign. Table 2 details the drill hole collar information. The 2022 drilling program on the Dunlop Bay property was initiated to: 1) test the surface results of the summer field campaign to test the potential continuity of the Marcelle-Rolande-Edith Gold corridor and 2) target the conductive plates from the ground EM survey at Dunlop Bay Ouest VMS area.

In the Marcelle-Rolande-Edith Gold Corridor, the heart of the Marcelle vein returned the best intercept of the campaign (BD-22-07) at a position consistent with the 3D understanding of the vein system. Hole BD-22-08 also extended the gold halo around Marcelle by 50 m southward. Hole BD-22-09 intersected a new area of gold mineralization west of the Edith vein which represents a new discovery and a major advancement for the property. Finally, the Bella vein trend was also extended by 260 m northwestward with anomalous gold intersected in Hole BD-22-11.

The Dunlop Bay Ouest area drilling confirmed the potential for both base and precious metals endowment on the volcanogenic system identified during the summer 2022 field program. Hole BD-22-06 returned up to 1.02% Zn over 1.50 m and Hole BD-22-01 reported 1.06 g/t Au over 0.50 m and 1.32% Cu over 0.50 m. The conductive plates form a 900 m strike footprint, of which the western half is barely explored. Some of the largest EM plates were not tested by the 2022 drilling and comprise future drill targets. With these results BMEX is considering performing BHEM surveys to track the continuity of the system at depth and laterally.

Robert Pryde, President of BMEX Gold, stated: "First, I am pleased to see that almost every drill hole, both on Dunlop Bay Ouest and Dunlop Bay sensu stricto intersected anomalous to high grade gold values. Regarding the Marcelle-Rolande-Edith corridor, last year's data compilation led to the interpretation of a gold trend containing the historically defined veins at surface (Figure 1). Our drilling in 2022 has proven the continuity of Bella veins westward and a new gold discovery in Hole BD-22-09. This new zone opens fertile ground which strikes about 600 m between known veins at surface and includes the gold grades from Hole BD-22-10. We are planning to further refine and extend the gold-bearing zones at surface with an extensive stripping campaign at Marcelle-Rolande-Edith. An additional objective of stripping is to acquire detailed and statistical structural data on the veins systems to identify potential shoot directions and help in designing a later phase 2 drilling program."

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Figure 1: 2022 drilling results map

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Table 1: 2022 drilling results

Zone Survey From (m) To (m) Core
length (m)
Au
(g/t)
Ag
(g/t)
Zn
(%)
Cu (%)
Dunlop Bay Ouest (VMS Target) BD-22-01 185.70 186.20 0.50 0.56 4.20 0.02 0.44
And 223.50 224.00 0.50 0.93 10.80 0.03 1.32
And 237.50 238.00 0.50 1.06 4.70 0.07 0.05
BD-22-02 114.00 121.00 7.00 0.00 0.30 0.29 0.00
BD-22-03 248.40 249.90 1.50 0.22 1.60 0.02 0.02
BD-22-04 10.50 11.40 0.90 0.40 0.80 0.01 0.02
And 143.40 145.00 1.60 0.17 2.95 0.02 0.02
BD-22-05 80.00 80.50 0.50 0.46 3.40 0.01 0.01
And 337.00 338.50 1.50 0.30 0.60 0.01 0.00
BD-22-06 162.00 163.50 1.50 0.02 7.30 1.02 0.03
Dunlop Bay s.s
(Marcelle-Rolande-Edith Gold Corridor)
BD-22-07 54.90 55.60 0.70 15.20 3.70 0.01 0.05
BD-22-08 9.00 9.50 0.50 0.61 1.70 0.01 0.04
And 39.70 40.20 0.50 0.76 0.70 0.02 0.01
BD-22-09 48.30 48.80 0.50 0.22 0.80 0.01 0.03
And 51.50 52.00 0.50 0.25 0.50 0.01 0.02
And 73.30 73.80 0.50 0.21 0.90 0.01 0.02
And 170.00 170.60 0.60 1.24 3.90 0.01 0.03
And 200.90 201.40 0.50 2.17 1.30 0.01 0.01
And 220.50 222.00 1.50 0.83 0.80 0.01 0.01
And 230.80 231.30 0.50 0.55 1.60 0.02 0.01
And 245.80 246.30 0.50 0.17 0.25 0.02 0.01
And 248.50 249.00 0.50 3.65 0.90 0.02 0.04
BD-22-10 54.10 54.75 0.65 0.59 0.00 0.00 0.00
And 279.95 280.95 1.00 0.13 0.25 0.01 0.01
BD-22-11 54.45 55.30 0.85 0.22 0.70 0.01 0.04
And 58.65 59.70 1.05 0.32 0.25 0.02 0.01
BD-22-12 57.10 57.90 0.80 0.43 0.50 0.01 0.02
And 90.50 91.15 0.65 0.16 0.25 0.04 0.02
And 99.95 100.90 0.95 0.19 0.25 0.01 0.01
BD-22-14 66.00 66.65 0.65 0.32 0.70 0.01 0.01

 

Table 2: 2022 drilling collar information

Survey Azimuth Dip Length (m) UTM E UTM N Elevation
BD-22-01 180 -45 303 314813 5522811 275
BD-22-02 300 -45 186 314607 5522478 272
BD-22-03 320 -60 402 314637 5522404 270
BD-22-04 280 45 225 314589 5522325 287
BD-22-05 270 -50 351 314637 5522278 297
BD-22-06 280 -45 213 314618 5522185 295
BD-22-07 210 -45 171 314654 5521137 259
BD-22-08 210 -45 102 314629 5521068 270
BD-22-09 210 -45 276 315029 5520805 308
BD-22-10 210 -45 282 315232 5520657 266
BD-22-11 210 -45 97 315334 5520838 277
BD-22-12 225 -50 183 315027 5520808 306
BD-22-13 210 -45 108 315534 5520730 305
BD-22-14 210 -45 114 315580 5520705 299

 

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]

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/154140

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2023-02-09 07:00:00

BMEX Gold Announces Flow-Through Financing

Vancouver, British Columbia--(Newsfile Corp. - December 21, 2022) - BMEX Gold Inc. (TSXV: BMEX) (OTCQB: MRIRF) (FSE: 8M0) ("BMEX" or the "Company") is pleased to announce a private placement of up to 9,333,334 flow-through shares of the Company at a price of $0.075 per flow-through share for aggregate gross proceeds of up to $700,000 (the "Offering").

As consideration for the services provided in connection with the Offering, the Company will pay a finder's fee of 6% of the gross proceeds of the Offering.

All securities issued pursuant to the Offering will be subject to a statutory hold period of four months from the date of issuance in accordance with applicable securities legislation. The gross proceeds from the sale of the flow-through shares will be used to further explore and evaluate the Company's Dunlop Bay project located in Quebec, Canada.

The Offering is subject to certain closing conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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 its 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.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/148983

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2022-12-21 07:30:00

BMEX Gold Reports AGM Results and Grants of Stock Options and RSUs

Vancouver, British Columbia--(Newsfile Corp. - December 20, 2022) - BMEX Gold Inc. (TSXV: BMEX) (OTCQB: MRIRF) (FSE: 8M0) ("BMEX" or the "Company") is pleased to report the results of its Annual General Meeting (AGM) of shareholders of the Company held on December 15, 2022 at 10:00 a.m. Vancouver time. All management resolutions proposed to shareholders for approval as set out in the Company's Notice of Meeting and Management Information Circular dated November 14, 2022, were approved by the majority of votes cast at the AGM.

The Company also announces the grants of stock options to directors and officers of the Company to purchase 1,200,000 common shares at an exercise price of $0.055 for a period of five years from the date of issuance and the grant of 2,160,000 restricted stock units (each "RSU") to directors and officers of the Company, which RSUs will vest one year from the date of grant and expire two years from the date of grant.

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]

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/148866

info

2022-12-20 14:49:00

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).

Cannot view this image? Visit: https://bmexgold.com/wp-content/uploads/2022/10/BMEX-Samples-up-to-300-gt-Gold-at-Surface-Identifies.jpg
  
Figure 1:
Dunlop Bay map with updated prospection results and historical drilling results.
 
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5785/140699_dc9d7e2b840e39df_003full.jpg

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.

Cannot view this image? Visit: https://bmexgold.com/wp-content/uploads/2022/10/1666003051_61_BMEX-Samples-up-to-300-gt-Gold-at-Surface-Identifies.jpg
 
Figure 2: Marcelle-Rolande-Edith historical drilling long section view. Gold results are filtered over 1 g/t.
 
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5785/140699_dc9d7e2b840e39df_004full.jpg
 

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. - 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:
https://images.newsfilecorp.com/files/5785/130165_20e52432642eaa61_002full.jpg

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:
https://orders.newsfilecorp.com/files/5785/121646_9f25ab6454bd7b45_002full.jpg

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:
https://orders.newsfilecorp.com/files/5785/121646_9f25ab6454bd7b45_005full.jpg

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

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.

Cannot view this image? Visit: https://bmexgold.com/wp-content/uploads/2022/09/BMEX-Gold-Completes-Phase-2-Drill-Program-on-King-Tut.jpg

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

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Figure 2: Location Map of King Tut property

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/5785/107729_04223d6de4f038b9_003full.jpg

*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

info

2021-12-16 07:00:00

Vancouver, British Columbia--(Newsfile Corp. - October 5, 2021) - BMEX Gold Inc. (TSXV: BMEX) (FSE: 8M0) ("BMEX" or the "Company") is pleased to announce that further to its news release dated August 30, 2021, it has received Exchange approval for its amended option agreements for the King Tut and Dunlop Bay properties. The remaining staged cash option payments of $300,000 under each agreement have been replaced with the issuance of 2,000,000 common shares for each agreement, for an aggregate issuance of 4,000,000 common shares. The Company has now issued the full 4,000,000 shares and has earned a full 100% interest in each property. The shares are subject to a four month hold period expiring on February 2, 2022.

In addition to the cash and share payments under the Dunlop Bay Option Agreement, the Company must make two milestone payments of $500,000 each, payable in cash or in common shares, at the option of the Company, the first upon receipt by the Company of an independent technical report confirming the existing of a mineral resource on the Dunlop Bay Property containing at least 500,000 ounces of gold in the measured and indicated categories, and the second upon completion and delivery of a positive pre-feasibility study on the Dunlop Bay Property. The issuance of any shares on the milestone payments is subject to the prior approval of the Exchange at the time of issuance.

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/98576

info

2021-10-05 07:00:00

Vancouver, British Columbia--(Newsfile Corp. - August 30, 2021) - BMEX Gold Inc. (TSXV: BMEX) (FSE: 8M0) ("BMEX" or the "Company") is pleased to announce that it has amended its option agreements for its King Tut and Dunlop Bay properties. The remaining staged cash option payments of $300,000 under each agreement have been replaced with the issuance of 2,000,000 common shares for each agreement, for an aggregate issuance of 4,000,000 common shares. Upon the issuance of the shares, which is subject to the prior approval of the TSX Venture Exchange, the Company will have earned a full 100% interest in each property. When issued, the shares will be subject to a four-month hold period.

Mr. Robert Pryde, President of the Company, comments, "We are pleased to have consolidated our working interest on the King Tut and Dunlop Bay properties while retaining our working capital.

"We are currently working with our geoscience team at Laurentia to finalize our drilling program for the King Tut property with a view to commencing drilling operations in Q4 2021. With respect to Dunlop Bay we are initiating an extensive high resolution airborne Drone Magnetics survey, evaluating and integrating historical data sets in order to initiate a drilling program in Q1, 2022."

The Company also announced that it has granted 100,000 stock options to an officer of the Company exercisable at $0.18 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 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/94834

info

2021-08-30 06:30:00

Vancouver, British Columbia--(Newsfile Corp. - August 30, 2021) - BMEX Gold Inc. (TSXV: BMEX) (FSE: 8M0) ("BMEX" or the "Company") is pleased to announce that it has amended its option agreements for its King Tut and Dunlop Bay properties. The remaining staged cash option payments of $300,000 under each agreement have been replaced with the issuance of 2,000,000 common shares for each agreement, for an aggregate issuance of 4,000,000 common shares. Upon the issuance of the shares, which is subject to the prior approval of the TSX Venture Exchange, the Company will have earned a full 100% interest in each property. When issued, the shares will be subject to a four-month hold period.

Mr. Robert Pryde, President of the Company, comments, "We are pleased to have consolidated our working interest on the King Tut and Dunlop Bay properties while retaining our working capital.

"We are currently working with our geoscience team at Laurentia to finalize our drilling program for the King Tut property with a view to commencing drilling operations in Q4 2021. With respect to Dunlop Bay we are initiating an extensive high resolution airborne Drone Magnetics survey, evaluating and integrating historical data sets in order to initiate a drilling program in Q1, 2022."

The Company also announced that it has granted 100,000 stock options to an officer of the Company exercisable at $0.18 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 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/94833

info

2021-08-30 03:00:00

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)

Cannot view this image? Visit: https://bmexgold.com/wp-content/uploads/2022/09/1664257382_295_BMEX-Gold-Announces-Exploration-Program-for-Second-Half-of-2021.jpg

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.

Cannot view this image? Visit: https://bmexgold.com/wp-content/uploads/2022/09/1664257382_266_BMEX-Gold-Announces-Exploration-Program-for-Second-Half-of-2021.jpg

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

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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."

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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

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Table 2: Localization of diamond drill hole TUT-21-011 to TUT-21-019.

To view an enhanced version of Table 2, please visit:
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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

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2021-06-14 06:30:00

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