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Amex Exploration Inc (AMXEF) RSS Feed

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2
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Posts (Total)
33
Created
01/22/19
Type
Free
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Amex Exploration Inc. (TSX-V: AMX, FRA: MX0, OTCQX: AMXEF) has made a significant gold discovery in Quebec at its 100% owned high grade Perron Gold Project. The Project is well serviced by existing infrastructure being located about an hour north of Rouyn-Noranda (~110 km), on a year round road, 10 minutes from an airport and just outside the town of Normetal (~8 km). In addition, the project is in close proximity to a number of major gold producers’ milling operations. Since January 2019, Amex has intersected significant gold mineralization in three different zones that stretch over 3.2 km of lateral strike along the Perron Fault Zone.

Amex Exploration has 15km of Perron and Normetal faults to explore. Currenlty in the process of a 300,000 m fully funded drill program with 10 drills, to be completed by the end of 2021. As of May 2021 the company had C$26 million in cash. There are 24,400 samples at the lab awaiting assay results. 

Amex intersected near-surface high grade gold mineralization in a new gold structure proximal to the Normetal fault zone. This interval, which returned 58.25 g/t over 3.90 m, is spatially and likely structurally related to an intersection of 2.75 g/t Au over 2.80 m drilled by former optionee in 2016, as well as visible gold mineralization in nearby recently drilled hole PE-20-229 for which assays are still pending. 
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