BMEX Gold Proclaims As much as 10.2 G / t Au on 0.4 M King Tut, Launches Dunlop Bay Exploration, Appoints Martin Demers as Interim CEO


Vancouver, British Columbia – (Newsfile Corp. – March 23, 2021) – BMEX Gold Inc. (TSXV: BMEX) (FSE: 8M0) (“BMEX“or the”Enterprise“) is happy to offer an replace on its Part 1 exploration program on the King Tut Gold Venture (“King Tut” the “Venture“) situated within the Abitibi gold belt in Quebec, Canada. The corporate has now accomplished 19 holes, totaling 4,740 meters. Outcomes from holes 8 and 9, reported at present, come from the upward extension of the primary mineralized pattern recognized on the Projector and point out that the system has the capability to host excessive grade gold as indicated in gap TUT-20-008, which returned 10.2 g / t Au over 0 , 4 m at a vertical depth of 15 meters. Outcomes of drill holes TUT-20-008 and TUT-20-009 will be present in Desk 1 and in Determine 1. Along with the reported outcomes, BMEX is awaiting analyzes of greater than 1180 samples. So far, outcomes from 10 of the 19 holes have been acquired and reported.

As well as, the Firm needs to announce that Mr. Martin Demers has stepped in as interim CEO to briefly occupy the place following the departure of Amrik Virk. The Firm thanks Mr. Virk for his service. BMEX is presently conducting an in-depth govt search with a number of promising candidates already recognized. Mr. Demers is a seasoned geologist and chief and served as BMEX’s vp of exploration for the previous 12 months, main the day-to-day operations of the corporate. Earlier than becoming a member of BMEX, he led the rediscovery of the Casa Berardi mine which was acquired by Hecla Mining for greater than $ 750 million.

Martin Demers, Interim CEO of BMEX Gold, mentioned: “I’m captivated with our two initiatives at BMEX and we’re properly funded to proceed our absolutely funded exploration program for the 12 months, with the main focus now, as deliberate, on Dunlop Bay. We have now accomplished the primary section of drilling on our King Tut property and extra deliberate assays will probably be launched as soon as acquired. Immediately’s outcomes display that the system can host zones of concentrated gold mineralization. The objective of our King Tut exploration program will probably be to proceed to outline targeted gold zones and higher perceive the structural controls that harbor excessive grade gold. We are going to mannequin all of our drill assay outcomes as soon as acquired and we’re planning geochemical and geophysical surveys for subsequent summer season at King Tut. “

Demers continued, “Going ahead, we’re getting ready to drill excessive worth targets on our flagship Dunlop Bay property, which covers 4,226 hectares of extremely potential geology, instantly north of the gold and base metals district of Matagami. Over 60 gold veins and veinlets have been situated by the earlier operator within the central a part of the property and we have now entry to information from 190 documented holes that have been beforehand drilled. My tech workforce and I’ve been compiling information and producing 3D fashions for a number of months and have recognized a number of targets that look promising for gold at Dunlop Bay. “

TUT 2021 drill outcomes, holes TUT-20-008 to TUT-20-009

Gap no

Of:

AT:

Size

At g / t

TUT-20-008

3.7

5.5

1.8

1.4

183.0

183.6

0.5

0.6

TUT-20-009

15.7

17.5

2.1

1.8

26.7

27.1

10.2

0.4

Determine 1 – Map of drill holes

To view an improved model of Determine 1, please go to:
https://orders.newsfilecorp.com/information/5785/78191_41fe283764eeb9e0_003full.jpg

QAQC

The core was processed for logging and sampling at Companies Géologiques T-Rex inc. facility situated in Evain, within the Rouyn-Noranda area. Samples have been minimize into two halves for assay with insertion of blanks, standardized materials, prep duplicates and carrot quarters. The pattern baggage have been transported by land transport to the laboratories. TUT-20-001 by way of TUT-20-004 have been assayed for gold by customary hearth assessments utilizing a 50 g fraction with ICP end by AGAT Laboratories. Holes TUT-20-005 and following have been assayed for gold by customary hearth assessments on a fraction of 30 g with atomic absorption or gravimetric end for a grade higher than 3 g / t by Techni-Lab – SGB Abitibi inc., A division of Actlabs.

Certified individual

Martin Demers, P.Geo (ogq # 770), Vice President of Exploration of the Firm is the Certified Individual (as outlined by Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Tasks) for the Firm and has authorized the technical disclosure contained on this press launch.

About BMEX Gold Inc.

BMEX Gold Inc. is a small Canadian mining exploration firm whose principal goal is to accumulate, discover and develop viable gold and base metallic initiatives within the favorable mining jurisdiction of Quebec, in Canada. BMEX is presently absolutely targeted on securing a 100% curiosity in its two initiatives, each situated within the prolific Abitibi greenstone belt:

  • King Tut Venture consists of 120 contiguous claims over 5,206 hectares

  • Dunlop Bay Venture consists of 76 mining claims masking 4,226 hectares

BMEX widespread inventory trades underneath the image “BMEX” on the TSX-V and underneath the image 8M0 on the Frankfurt Inventory Trade.

For extra info, please contact:

BMEX Gold Inc.
Dylan Sidoo, enterprise improvement
Telephone: 1 (604) 423 4499
Electronic mail: [email protected]

Neither the TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch. No inventory change, securities fee or different regulatory authority has authorized or disapproved of the knowledge contained on this doc.

This press launch comprises “forward-looking statements” and “forward-looking info” (inside the which means of relevant securities legal guidelines), based mostly on administration’s greatest estimates, assumptions and present expectations. These statements embody, however aren’t restricted to, statements relating to future exploration and improvement plans for the King Tut and Dunlop Bay properties and the acquisition of further exploration initiatives. Typically, such forward-looking statements will be recognized by means of forward-looking phrases corresponding to “expects”, “deliberate”, “budgeted”, “plans”, “anticipates” “plans”, “anticipates”, “believes”. “,” Intends “,” believes “,” initiatives “,” goals “,” potential “,” objective “,” goal “,” potential “and related expressions, or that occasions or situations” will ” , “would”, “could”, “could”, “may” or “ought to” happen. These statements shouldn’t be interpreted as ensures of future efficiency or outcomes. Such statements contain dangers, uncertainties and different identified and unknown components which can trigger precise outcomes, efficiency or achievements to be materially totally different from these expressed or implied in such statements, together with however not restricted to restrict: the dangers related to the King Tut and Dunlop Bay initiatives; dangers associated to basic financial situations, precise outcomes of ongoing exploration actions, unexpected reclamation bills; modifications in challenge parameters as plans proceed to be refined; fluctuations within the costs of metals, together with gold; will increase in market costs for mining consumables, attainable variations in useful resource estimates, grade or restoration charges; the shortcoming of the plant, gear or processes to perform as meant; accidents, labor disputes, title disputes, claims and limitations of insurance coverage protection and different dangers of the mining trade; delays within the completion of exploration, improvement or development actions, modifications in nationwide and native authorities laws of mining operations, tax guidelines and laws and political and financial developments in areas the place the Firm operates actions. Though the Firm has tried to establish materials components that would trigger precise outcomes to vary materially from these contained in forward-looking statements, there could also be different components that trigger outcomes to vary. anticipated, estimated or deliberate. There will be no assurance that such statements will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such statements. Ahead-looking statements and forward-looking info are made as of the date hereof and are certified of their entirety by this cautionary assertion. The Firm disclaims any obligation to revise or replace these components or to publicly announce the results of any revision of the forward-looking statements or forward-looking info contained herein to replicate future outcomes, occasions or developments, besides the place the regulation l ‘required. Due to this fact, readers mustn’t place undue reliance on forward-looking statements and knowledge. Please consult with the most recent firm filings underneath their profile at www.sedar.com for extra info on the dangers affecting the Firm and its actions.

To view the supply model of this press launch, please go to https://www.newsfilecorp.com/launch/78191

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