BMEX Samples up to 300 g/t Gold at Surface, Identifies Two Separate Kilometric Gold Corridors and a 900 m VMS Target at Dunlop Bay
BMEX Samples up to 300 g/t Gold at Surface,
Identifies Two Separate Kilometric Gold
Corridors and a 900 m VMS Target at Dunlop
Bay
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).
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.
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:
Dylan Sidoo, Business Development
Tel: +1 (604) 423 4499
Email:
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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"
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"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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