- BMEX Gold (BMEX) reported multiple high-grade results from the field campaign at Dunlop Bay
- The company is also starting a 3,000 metre drilling program and a follow-up geological mapping, sampling and prospecting program at the project
- The summer 2022 program at Dunlop Bay returned numerous high-grade gold sample results
- BMEX Gold Inc. (BMEX) is up 22.22 per cent, trading at C$0.055 per share as of 10:45 am ET
BMEX Gold (BMEX) reported multiple high-grade results from the field campaign at Dunlop Bay.
The company is also starting a 3,000 metre drilling program and a follow-up geological mapping, sampling and prospecting program at the project.
The summer 2022 program at Dunlop Bay returned numerous high-grade gold sample results. Of the 96 grab samples taken during program:
- One sample returned 300 g/t Au
- Four samples returned greater than 100 g/t Au
- 14 samples contained more than 10 g/t Au
- 25 samples contained over 1 g/t Au
Several historical drill casings were surveyed, and the data is now included in a more robust and complete drilling database.
A trending corridor linking multiple veins was found to be consistent with the structural analysis performed during the field campaign. Several hundred meters between high grade gold results remain untested. A similar trend was also been interpreted between two veins, which is also barely tested by drilling. Both gold corridors extend for a kilometre each, representing large targets for the current drill program.
BMEX Gold’s President, Robert Pryde, explained that the integrated exploration strategy defined earlier this year is paying off, and the team is thrilled by the size and tenure of these 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.”
BMEX Gold Inc. is a junior Canadian mining exploration company whose primary objective is to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdiction of Quebec. BMEX is fully focused on earning 100 per cent interest in its two projects, both located in the prolific Abitibi greenstone belt: King Tut Project, which consists of 120 contiguous claims on 520 sq. km., and the Dunlop Bay Project, which is 76 mineral claims over 422 sq. km.
BMEX Gold Inc. (BMEX) is up 22.22 per cent, trading at C$0.055 per share as of 10:45 am ET.
