Vancouver, British Columbia – (Newsfile Corp. – August 30, 2021) – BMEX Gold Inc. (TSXV: BMEX) (FSE: 8M0) (“BMEX” or the “Company”) is pleased to announce that it has launched its Option agreements on its King Tut and Dunlop Bay properties. The remaining staggered cash option payments of $ 300,000 under each agreement have been replaced by the issuance of 2,000,000 common shares for each agreement for a total of 4,000,000 common shares. Following the issue of the shares, which is subject to prior approval by the TSX Venture Exchange, the company has acquired a full 100% interest in each property. When issued, the shares are subject to a four-month holding period.
Mr. Robert Pryde, President of the Company, commented, “We are pleased to have cemented our working interest in the King Tut and Dunlop Bay properties while retaining our working capital.
“We are currently working with our geoscientific team at Laurentia to complete our drilling program on the King Tut Property to begin drilling in the fourth quarter of 2021. With respect to Dunlop Bay, we are commencing an extensive high-resolution airborne drone magnetics survey that will include and integrate historical data sets to commence a drill program in Q1 2022. “
The company also announced that it has granted 100,000 stock options to an officer of the company, exercisable at $ 0.18 per share for a period of five years.
About BMEX Gold Inc.
BMEX Gold Inc. is an early stage Canadian mining exploration company with the primary objective of acquiring, exploring and developing viable gold and base metal projects in the mining-friendly jurisdiction of Quebec, Canada. BMEX is currently fully focused on acquiring 100% of the shares in its two projects, both of which are located in the fertile Abitibi greenstone belt:
The King Tut Project consists of 120 contiguous claims on 5,206 hectares
The Dunlop Bay project consists of 76 mineral claims covering 4,226 hectares
BMEX common stock is traded on the TSX-V under the symbol “BMEX” and on the Frankfurt Stock Exchange under the symbol 8M0.
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For more information please contact:
BMEX Gold Inc.
Dylan Sidoo, business development
Tel: 1 (604) 423 4499
Email: [email protected]
Neither the TSX Venture Exchange nor its regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. No stock exchange, securities commission or other regulatory authority has approved or rejected the information contained herein.
This press release contains “forward-looking statements” and “forward-looking information” (as defined in applicable securities laws) based on management’s best estimates, beliefs and current expectations. These statements include, among other things, statements regarding plans for future exploration and development of the King Tut and Dunlop Bay properties and the acquisition of additional exploration projects. In general, these forward-looking statements may be identified by the use of forward-looking terminology such as “expected”, “expected”, “budgeted”, “forecast”, “anticipated”, “planet”, “anticipated”, “believes”. , “intends,” “estimates,” “projects,” “goals,” “potential,” “goal,” “aim,” “prospect,” and similar expressions, or that events or conditions “will,” “would,” ” can “,” can “,” could “or” should “occur. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties, and other factors that could cause actual results, performance or achievements to differ materially from those expressed or implied in such statements, including, but not limited to: Risks associated with the projects King Tut and Dunlop Bay; Risks related to general economic conditions, actual results of ongoing exploration activities, unexpected recovery costs; Changes in project parameters as the plans are further refined; Fluctuations in the price of metals including gold; Increases in the market price of mining consumables, possible fluctuations in resource estimates, grades, or recovery rates; Failure of systems, devices or processes to function as expected; Accidents, industrial disputes, litigation, insurance claims and limitations, and other risks in the mining industry; Delays in completing exploration, development or construction activities, changes in national and local government regulations for mining operations, tax rules and regulations, and political and economic developments in areas in which the company operates. While the company has attempted to identify important factors that could cause actual results to differ materially from those contained in any forward-looking statements, other factors could cause results not to be in line with expectations, estimates or intentions. There can be no assurance that these statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements and forward-looking information apply as of today and are restricted in their entirety by this warning. The company disclaims any obligation to revise or update such factors or to publicly announce the result of changes to any forward-looking statements or forward-looking information contained herein to reflect future results, events or developments, except as required by law. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements and information. For more information on the risks affecting the company and its business, please refer to the company’s recent filings on its profile at www.sedar.com.
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