BMEX Drills Massive Sulfides at Dunlop Bay Ouest
BMEX Drills Massive Sulfides at Dunlop Bay
Ouest
Vancouver, British Columbia--(Newsfile Corp. - October 25, 2022) - BMEX Gold Inc.
(TSXV: BMEX)
(
OTCQB: MRIRF) (FSE: 8M0) ("BMEX
"
or the
"
Company")
is pleased to discuss the visual results of
the first two holes drilled into the geophysical anomaly on Dunlop Bay Ouest. Both holes have intersected
massive sulphides. The first hole (BD-22-01) was drilled to test the interpreted plate below the known
plate in the heart of the known Dunlop Bay Ouest showing (
Figure 1
). Hole BD-22-01 intersected a 7.00-
metre (m) stringer (STR) zone composed of Pyrite (PY), Pyrrhotite (PO), trace Chalcopyrite (CP) and
trace Galena (GN) followed by semi-massive Pyrite-Pyrrhotite-1% Chalcopyrite over 1.00 m. This
intersection extends the mineralization plan of the Dunlop Bay Ouest historical showing 100 m (
Figure
2
) downdip.
The second hole targeted a new plate and represents a new discovery of 3.85 m of massive sulfides
composed of pyrrhotite, pyrite and traces of chalcopyrite and traces of sphalerite (
Figure 3
). BD-22-02
encountered one of the most conductive electromagnetic (EM) plates at Dunlop Bay Ouest. The massive
sulfide lens from hole BD-22-02 overlies 3.60 m of massive magnetite (MT) itself overlying on a package
of felsic rocks. A stringer zone (
Figure 3
) of 5.85 m of Pyrite-Pyrrhotite-Magnetite and traces to 1%
Chalcopyrite crosscutting the felsic unit was also observed underneath the massive magnetite. Hole BD-
22-02 tested EM anomaly #2 on one related 1000 Siemens plate (
Figures 2 and 3
). The new discovery
is 220 m north of historical hole ME-8, which returned 6.84 g/t Au over 1.50 m on the very edge of
another 1000 Siemens plate (EM anomaly #1a,
Figure 3
). Assay results are pending.
Robert Pryde, President of BMEX Gold, stated: "I am very pleased that the geological mapping,
prospecting and EM surveys conducted over Dunlop Bay have been corroborated with the visuals in the
core. This gives us confidence in our targeting tools and bodes well for future exploration by confirming
the potential of the 900 m long EM anomaly. Second, it is important to point out that the geology of this
anomaly is very favourable as the massive sulphides are sitting on a felsic package which is the typical
geological setting of many VMS mines in Matagami area and elsewhere. Third, the gold in the historical
hole ME-8, located 220 m to the south, is associate with both Pyrite-Pyrrhotite and Chalcopyrite stringer
and lies on the outer edge of another 1000 Siemens EM anomaly. We are already planning to conduct
BHEM surveys in the 2022 DDH holes to further investigate with precision the extent of the newly
discovered bodies. I look forward to receiving and reporting the assay results from our maiden drill
program at Dunlop Bay."
Pryde continued, "While the focus of the first half of the drill program has been on this exciting VMS
target, the balance of the program will test the two kilometric gold systems just to the south. Dunlop Bay
offers both gold and VMS potential and I am hopeful that the second half of the program will be as fruitful
as the first."
Figure 1:
Dunlop Bay Ouest EM anomalies and first 2022 drilling intersections
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Figure 2:
Dunlop Bay Ouest long section view
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Figure 3:
BD-22-01 and BD-22-02 mineralization intercepts
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Qualified Person
Maxime Bouchard, Geo, M.Sc. (OGQ #1752), an independent Qualified Person as defined by Canadian
NI 43-101 standards, has reviewed and approved the geological information reported in this news
release. The drilling campaign and the quality control program have been planned and supervised by
Maxime Bouchard. Core logging and sampling were completed by Laurentia Exploration. The quality
assurance and quality control protocol include insertion of one blank and one standard every 20
samples, in addition to the regular insertion of blank, duplicate, and standard samples accredited by
ALS Canada Ltd. during the analytical process. Gold values are estimated by fire assay with finish by
atomic absorption. The Qualified Person has not completed sufficient work to verify the historical
information on the Property, particularly in regards to historical drill results. However, the Qualified
Person believes that drilling and analytical results were completed to industry standard practices. The
information provides an indication of the exploration potential of the Property but may not be
representative of expected results.
About BMEX Gold Inc.
BMEX Gold Inc. is a junior Canadian mining exploration company with the primary objective to acquire,
explore, and develop viable gold and base metal projects in the mining-friendly jurisdiction of Quebec,
Canada. BMEX is currently fully focused on their 100% interest in the two projects, both located in the
prolific Abitibi greenstone belt:
King Tut Project consists of 120 contiguous claims on 5,206 hectares
Dunlop Bay Project consists of 76 mineral claims that cover 4,226 hectares
BMEX common shares trade under the symbol "BMEX" on the TSX-V and under the symbol 8M0 on the
Frankfurt Exchange.
For further information please contact:
BMEX Gold Inc.
Robert Pryde, President
Tel: +1 (403) 478 6042
Email:
Dylan Sidoo, Business Development
Tel: +1 (604) 423 4499
Email:
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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
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future exploration and development of the King Tut and Dunlop Bay properties and the acquisition of
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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
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