BMEX commences Phase 2 drill program on King Tut east of AMEX's Perron
BMEX Gold Inc. has announced a 3,000-metre Phase 2 drill program on the King Tut project. BMEX conducted a drone magnetic survey on the property as a follow up to the inaugural 4,500-metre drill program which returned anomalous gold values in nearly every hole related to quartz-carbonates veining, indicating that a hydrothermal gold-bearing system is hosted on the property.
Highlight hole TUT-21-018 assayed 81.89 g/t Au over 0.45 metres and targeted the western edge of the known gold-bearing structure at King Tut leaving nearly 2 km of strike length between Tut and Audet Quest to the west to drill test an identified shear zone in the Phase 2 program. The drill targets (see Figure 1) were identified from integrating data collected from the magnetic survey, geological data from the previous drill program, and geological modelling. BMEX will be using two rigs to evaluate this trend in order to reduce costs and expedite results. Drilling is anticipated to be completed by Dec 15, 2021.
Figure 1: 2021 Drilling Campaign on King Tut Property
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Robert Pryde, President, commented, "Armed with additional information following several months of data compilation and analysis, we have a better understanding of the gold system at King Tut and are in a stronger position to move forward with our Phase 2 drill program. The team is very excited to initiate the Phase 2 drilling and we are working closely with our geoscience consulting team at Laurentia Exploration to target the gold structure identified in previous exploration on King Tut."
The King Tut project is located 65 km east of Amex Exploration's Perron Property (see Figure 2).
Figure 2: Location Map of King Tut property.
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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 earning 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.
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