- BMEX Gold (BMEX) has identified an extensive gold system at its King Tut Project in Quebec’s Abitibi Gold Belt
- Each drill hole reported today intersected a 50 m wide gold bearing structure returning up to 3.4 g/t Au
- Results received to date indicate an extensive gold target 400 m along strike and close to 600 m across sections
- BMEX Gold seeks to acquire, explore and develop viable gold and base metal projects in Quebec, Canada
- BMEX Gold (BMEX) is down 40.79 per cent and is currently trading at C$0.225 per share
BMEX Gold (BMEX) has identified an extensive gold system at its King Tut Project in Quebec’s Abitibi Gold Belt.
The company has now completed 19 holes on the project totaling 4,500 m. Results from 8 of the 19 holes have been received thus far.
Each drill hole reported today intersected a 50 m wide gold bearing structure returning up to 3.4 g/t Au down to a vertical depth of 230 m.
These holes aim to test the Authier Nord structure, an historical gold showing located on the Chicobi deformation system.
Results received to date indicate an extensive gold target that measures approximately 400 m along strike and close to 600 m across sections and remains open in all directions.
Every hole intersected gold mineralization using a 0.3 g/t Au cut over a minimum length of 0.5 m.
Results obtained from the first eight holes include gold grades ranging between 0.3 g/t Au to 3.4 g/t Au and widths ranging from 0.5 m to 9 m.
BMEX is expecting continuous assay results over the coming weeks which will provide a full overview of the Authier Nord structure.
Analysis of these results in conjunction with the existing high-resolution magnetic survey will help to better understand the structural control on gold mineralization.
Martin Demers, VP Exploration of BMEX Gold, commented,
“The concentration of gold intercepts obtained thus far on the initial target is a significant signal of a large gold system and only a small fraction of this gold target has been drilled.”
“We are awaiting the results from the balance of the holes for interpretation and modelling for a follow up exploration program that will cover approximately 1 km radius around the drill area,” he added.
BMEX Gold is a junior mining exploration company that seeks to acquire, explore and develop viable gold and base metal projects in Quebec, Canada.
BMEX Gold (BMEX) is down 40.79 per cent and is currently trading at C$0.225 per share as of 1:25 pm EST.
