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