BMEX Gold Inc (TSX-V:BMEX) said it has kicked off a 3,000 metre (m) second phase drill program at its King Tut project in the Abitibi in Quebec, to test a shear zone to the west of the property.
The move comes after a drone magnetic survey followed up on an inaugural drill program carried out in the first half of this year, which returned anomalous gold values in nearly every hole.
One of those holes sunk at the western edge of the known gold-bearing structure hit an impressive 81.89 grams per ton (g/t) gold over an intercept of 0.45m, noted BMEX, and now there is nearly two kilometres (km) of strike length between Tut and Audet Quest to the west to drill test a shear zone.
"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," BMEX CEO Robert Pryde said in a statement.
READ: BMX Gold files option agreement for 100% of King Tut property
"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," he added.
BMEX told investors it will be using two rigs to evaluate this trend to reduce costs and expedite results. Drilling is anticipated to be completed by December 15 this year.
The company's King Tut project consists of 120 contiguous claims over 5,206 hectares and lies 65 km east of Amex Exploration's Perron property.
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