BMEX Extends Gold Corridor, Makes New Gold Discovery and Reports Base Metals Intersections at Dunlop Bay
BMEX Extends Gold Corridor, Makes New Gold
Discovery and Reports Base Metals
Intersections at Dunlop Bay
Vancouver, British Columbia--(Newsfile Corp. - February 9, 2023) - BMEX Gold Inc.
(TSXV: BMEX)
(
OTCQB: MRIRF) (FSE: 8M0) ("BMEX
"
or the
"
Company")
is pleased to announce the results of its
2022 drilling program which represented 3,013 m drilled amongst 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."
Figure 1:
2022 drilling results map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5785/154140_0b55c299145db98d_001full.jpg
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:
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.
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