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BMEX Gold Provides Drill Program Update and Adds Victor Cantore as Special Advisor to the Board

Vancouver, British Columbia--(Newsfile Corp. - November 11, 2020) -  BMEX Gold Inc. ( T...

articleRoute 109 Resources Inc.November 11, 20205/company/route-109-resources-inc/news/bmex-gold-provides-drill-program-update-and-adds-victor-cantore-as-special-advisor-to-the-board
BMEX Gold Provides Drill Program Update and Adds Victor Cantore as Special Advisor to the Board

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[{"type":"text","content":"BMEX Gold Provides Drill Program Update and Adds Victor Cantore as Special Advisor to the BoardVancouver, British Columbia--(Newsfile Corp. - November 11, 2020) -  BMEX Gold Inc. (TSXV: BMEX) (FSE: 8M0) (\"BMEX\" or the \"Company\") is very pleased to provide a progress report on its 4,000-metre drill program (\"Phase 1\") at the Company's King Tut Property (\"King Tut\"). The first portion of the Phase 1 program consists of a 25-hole diamond drill program, approximately 2,000 metres, targeting the Authier East Zone, as well as refining historic geological models.Phase 1 uses 50-meter collar spacings over a section that has previously seen sporadic historical drilling over an approximate 400-metre lateral by 400-metre cross section area. The first holes aim to test the down dip limit of the known mineralization at approximately 150-metre vertical depth. See Figure 1.Figure 1 Drill MapTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/5785/67954_bmexfigure1enhanced.jpg The first Phase 1 hole (TUT-20-001) is nearing completion. Visual examination of the core indicates the following: The hole was collared in a felsic volcanic unit and passed quickly to an intensely deformed and altered mafic sequence. Remnants of fragments, small pillow lavas and feldspathic grains could correspond to andesite flows and breccia. Coarse to finely laminated structure identified in drill core corresponds to a strong ductile deformation event reaching the protomylonite level. Sharp variations of core angles and double fabrics indicate shear bands. The hydrothermal alteration assemblage is composed of varied percentages of dolomite, ankerite and micas. For most part, the alteration intensity obliterates all primary texture and can be qualified as intense deformation. Different episodes of veining can be observed throughout the intervals, mostly under the form of tectonically brecciated centimetric veins parallel to the foliation. A late tectonic phase seems to contain more pyrite with trace amounts of chalcopyrite and sphalerite as well as tourmaline and iron carbonate minerals. These veins appear to increase in number at approximately 130 metres depth.The presence of potentially mineralized alteration continues through to 200 metres depth (see Diagram 1). Diagram 1: Mineralized Quartz-Tourmaline Vein (144 M...

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