Route 109 Resources Inc.
Route 109 Resources Inc. (TSXV: RTE; formerly BMEX Gold Inc., renamed October 2024), incorporated 2017 and based in Vancouver, explores for gold and base metals in Quebec, Canada. It holds 100% interests in the King Tut property (120 claims, ~5,333 hectares, Ligneris/Celoron townships) and the Dunlop Bay property (76 claims, ~4,226 hectares, near Matagami). A May 2025 drill hole at the Dunlop Bay West showing (BD-25-37) intersected 5.05m of semi-massive to disseminated sulphides grading 1.03% Cu, 1.28 g/t Au, 4,947ppm Mo and 6.58 g/t Ag from 55.10-60.15m, indicating a copper-gold-molybdenum-silver system atypical for the Matagami camp. No resource estimate has been published. CIRO halted trading in its shares on 12 Jun 2026 for failure to maintain exchange requirements, the day after Robert Pryde resigned as president and a director; no resumption had been announced as of 7 Oct 2026.
Notable vs. Peers
- Trading within 5% of its 52-week low — weak recent price momentum.
Lifecycle Milestones
Jurisdiction (40%)9/10
Quebec: Fraser PPI 2025 is 79.39 of 100 (rank 23 of 68), which maps to 9 on this site's scale. Quebec, Canada -- Tier-1 mining jurisdiction.
Infrastructure (40%)No verified figure
Researched with nothing found: no source we could cite confirms or rules out an existing mill, road access, grid power, or tailings facility at King Tut Property, Ligneris and Celoron Townships, Abitibi, Quebec, Canada (checked Oct 6, 2026; recheck due Apr 4, 2027). Counts at a neutral 5/10 until one does.
Nearby producing mine (20%)Not yet researched
No project coordinates on file yet, so distance to a producing mine can't be measured.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
A disclosed corporate action (not an acquisition or merger)
A corporate action of this kind says nothing about takeover susceptibility, so it isn't scored.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score: Not yet researched
Distance not yet researched: no project coordinates on file
Distance can't be measured without coordinates, so excluded rather than counted as far.
Weight 22.5% - Lifecycle stageSub-score:1/10
Stage: Grassroots Exploration
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 57% here - JurisdictionSub-score:9/10
Canada: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 26% here - CommoditySub-score:10/10
Primary commodity: Gold
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 17% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Corporate Secretary of Lahontan Gold Corp.; also Corporate Secretary of Roscan Gold Corporation, Sterling Metals Corp. and Laramide Resources Ltd. and a director of Route 109 Resources Inc. Securities/corporate-commercial lawyer, managing partner of Irwin Lowy LLP since January 2010.
Director of Route 109 Resources Inc., appointed as the company's third independent director.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
No producer, strategic investor, or resource-specialist fund holds a disclosed stake, and no insider trading activity has been filed in the last six months.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Route 109 Resources, formerly BMEX Gold and renamed in October 2024, explores for gold and base metals in Quebec, where it holds 100% of the King Tut property (120 claims, about 5,333 hectares) and the Dunlop Bay property near Matagami (76 claims, about 4,226 hectares). Results from its 2025 winter drilling at Dunlop Bay point to a gold-copper-molybdenum porphyry-style system associated with the Dunlop Bay intrusion, including 7.05 g/t gold, 11.6 g/t silver and 1,620 ppm molybdenum over 0.5 m in hole BD-25-31, and a May 2025 hole at Dunlop Bay West returned 5.05 m of 1.03% copper, 1.28 g/t gold, 4,947 ppm molybdenum and 6.58 g/t silver. No resource estimate has been published. CIRO halted trading in its shares on 12 June 2026 for failure to maintain exchange requirements, the day after Robert Pryde resigned as president and a director, and no resumption had been announced as of 7 October 2026.