BMEX Gold Inc (TSX-V:BMEX) has told investors that the results of its Fall 2021 drilling campaign at King Tut Gold Project in Québec’s Abitibi region are promising as it outlined its 2022 exploration program for the King Tut and Dunlop Bay properties.
Significant grades include 7.07 grams per tonne (g/t) gold over 1 metre (m) from drill hole TUT-21-032 in the newly-discovered Luxor gold zone and 7.61 g/t gold over 0.75m within the known mineralized area from drill hole TUT-21-023. All assays from the Fall 2021 drill campaign at King Tut have been received and reported, the company said.
"Overall, the results from the Fall 2021 drilling campaign are promising especially when one considers the Luxor gold zone is a new gold discovery on the property and the geology of this zone warrants follow-up work,” BMEX Gold president Robert Pryde said in a statement. “Each of the holes in the 2021 drill campaign at King Tut intersected gold values which is a very important indication of the potential for a regional scale system on the property and demonstrates potential for additional gold discoveries.”
READ: BMEX Gold awaiting results after completing 3,000m drill program at King Tut project in Quebec
TUT-21-032 is located 700m southwest from the King Tut showing, along the Main King Tut trend. BMEX said the drill hole is isolated and thus defines a new gold zone (Luxor zone) on its own. Gold in TUT-21-032 is associated to a silicified tourmaline-carbonate-pyrite brecciated zone, which marks the contact between relatively ductile tuffs and more competent andesite unit.
The company said the Fall 2021 drill holes in the heart of the known King Tut showing delivered several similar gold-bearing geological conditions to TUT-21-032. Every drill hole along the Main King Tut trend intersected evidence of an intense deformation corridor: intensely sheared zones, complex folding of S1 and pervasive sericite-carbonate-silica alterations.
TUT-21-032 also cuts a west-southwest lineament interpreted from the magnetic susceptibility maps. As a result, it said the drill hole, being isolated but potentially cross-cutting two major structures and exhibiting typical gold-bearing hydrothermal mineralization known in greenstone belts, represents a highly prospective discovery for the company.
In addition to TUT-21-032's Luxor zone, gold grades were also found in TUT-21-030 which targeted the Audet-Ouest showing vicinity. TUT-21-030 intercepted 1.68 g/t gold over 1.5m and 0.32 g/t gold over 7.50m at 150m east of the known surface occurrences from Audet-Ouest showing.
BMEX noted that these intersections and the historical surface gold values from the showing are aligned along a west-southwest lineament interpreted from the magnetic susceptibility maps. This lineament, the Audet-Ouest trend, is unexplored and TUT-21-030 gold grades are the first drilling results over it. The rest of the Fall 2021 drilling results are located within the known King Tut showing, it added.
“Our technical team is building a strong understanding of the gold occurrence and emplacement over the known and newly discovered assets at King Tut,” Pryde continued. “Accordingly, we are going back to King Tut in 2022, starting with a field prospecting and mapping survey during Summer followed by a drilling campaign during Fall 2022. We also intend to launch an exploration program on the Dunlop Bay property this year.”
Following the compilation work over the Dunlop Bay property in Québec’s Mattagami region, BMEX said its technical team has identified several base and precious metal trends.
The Dunlop Bay exploration program started in April with a surface MAG-EM (magnetic and electromagnetic) survey over Dunlop Bay-Ouest and interpretation. Surface prospecting, mapping and sampling is planned over the balance of the property during summer 2022, with a focus on the 'Baie Dunlop' showing and 'Mont Laurier Est' extension. The results from these two steps will be used to target a 3,000-metre drilling campaign that is planned for Fall 2022.
Junior BMEX has 100% interest in two projects in the prolific Abitibi greenstone belt. The King Tut project consists of 120 contiguous claims over 5,206 hectares and lies 65 km east of Amex Exploration's Perron property.
Dunlop Bay consists of 76 mineral claims that cover 4,226 hectares.
Contact the author at stephen.gunnion@proactiveinvestors.com