BMEX Gold Inc. announced results from a highly successful 2023 surface exploration program at Dunlop Bay, Quebec, with up to 25.6 g/t Au (grab sample) and three new gold zone discoveries that are open in all directions. The 2023 summer and fall prospecting and trenching programs focused on testing structural and geological lineaments, newly interpreted from the combined Magnetic and vertical derivative maps. Amongst the nine trenches successfully reaching bedrock, five trenches were gold- bearing.

Highlight grab samples: trench 14 returned up to 25.60 g/t Au, trench NW2 up to 15.60 g/t Au, trench 22 up to 10.45 g/t Au and, trench B up to 2.69 g/t Au. These new high-grade results are from areas with very limited assay data. Gold concentrations are controlled by NW-SE trending MAG-LiDAR lineaments (similar to the historical Marcelle, Edith, and Rolande veins).

Detailed mapping of the trenches confirmed the coincidence of the gold-bearing structure and features identified by geophysics has revealed that these lineaments consist in barely deformed sulfide-rich (locally massive) intervals. The sulfide-rich gold bearing horizons are more deeply weathered due to the higher sulfide content than the surrounding lithological units, resulting in local low topography that produce the combined MAG-LiDAR anomalies. Trench 14 is also a totally new surface discovery.

This MAG-LiDAR lineament contains the best results of the campaign (25.6 g/t Au). This new surface anomaly has a strike length of over 1 km that is untested. Again, the mineralization consists of thin semi-massive to massive sulfide (pyrite) layers.

Trench NW2 is a new discovery made 400 metres northwest of the closest historical showing. It is widely mineralized and returned 12 values over 0.1 g/t Au out of 23 surface samples taken during the program on this trench. Those 12 gold bearing samples also delivered interesting silver values with a mean for those 12 samples at 15.53 g/t Ag and reaching up to 47.2 g/t Ag.

Gold mineralization is associated with pyrite-arsenopyrite-rich basaltic and rhyolitic rocks. A significant iron oxide alteration and deep weathering was encountered in this trench. Accompanying this alteration, a few preserved semi-massive to massive sulfides samples were taken at the very edge of the outcropping surface.

This indicates that the overburden-covered NW-SE depression might conceal a sulfide-rich area. This area located at the southwest margin of the trench is defined to be 2 to 2.5 metres thick. Additionally, a lithogeochemical analysis of the mineralization taken from felsic rocks encountered in trench NW2 revealed a multielement pattern similar to the felsic rocks seen at Dunlop Bay Ouest .

Trenches 22 and B cross cuts the same lineament at two different locations which is barely explored northwestward and southeastward. Finally, Au concentrations from the 2023 field campaign are significantly correlated to Bi, Ag, and at a lesser extent, to As-Cu. Such metallic associations were previously documented by BMEX at Dunlop Bay Ouest and interpreted as a contribution from intrusion-related fluids to the mineralizing events.

Those elements in correlation with gold will be used by the company as a pathfinder in the interpretation of this summer's soil programs.