BMEX Gold Reviews Dunlop Bay Ground EM Survey Results and Begins Field Campaign
BMEX Gold Reviews Dunlop Bay Ground EM
Survey Results and Begins Field Campaign
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."
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.
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:
Dylan Sidoo, Business Development
Tel: +1 (604) 423 4499
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/130165