ABOUT GOWAN PROPERTY
Located in Gowan Township, 19 km NE of Timmins and 10 km East of Kidd Creek the Gowan property consist of 2 block claims covering 256 hectares of a prospective package of felsic volcanic rocks similar to those which host the Kidd Creek Mine.
Amex is earning in for 100% interest in Gowan. To do so Amex will issue a total of 400,000 shares and cash payments totalling $20,000 in equal instalments over a four year period. In addition Amex must incur exploration expenses in the total amount of $25,000 over 4 years. A 2.5% Net Smelter Royalty (NSR) of which 1% can be bought back for $1M within 6 months of a feasibility study.
Geophysical surveys will be conducted to evaluate the property’s potential at depth and further examine the extent of known mineralization. Follow up drill program will be created upon interpretation of geophysics.