AGNICO EAGLE TO BEGIN WINTER DRILLING AT AMEX’S PERRON PROPERTY.
MONTREAL, Canada- January 26, 2016 – Amex Exploration Inc. (AMX: TSX-V) is pleased to announce that Agnico Eagle Mines Ltd (TSX: AEM, NYSE:AEM) “Agnico Eagle” has initiated a new phase of exploration works on Amex 100% owned Perron Property following the recently announced amended option agreement (see PR2015-12-22). This phase of work consists of 9 proposed drill holes totalling about 4700 meters of drilling with combined down hole pulseEM geophysical surveys on two defined target areas.
The first and main target area is located in the vicinity of the new mineralisation intersected in Agnico Eagle’s two previous phases of drilling on the Normetal Mine Horizon (NMH) (see PR-2015-12-16 ; see table 1). Eight drill holes are planned to test the extension of the stratabound mineralized horizon laterally and at variable depth covering an area of about 6 km of strike length along the NMH. This stratabound mineralized horizon has now being followed from surface down to a minimum vertical depth of about 750 meters and a strike length of about 200 meters and is still open in all directions. The mineralized horizon thickness increases with depth, from about 2 meters near the surface reaching up to 10 meters at the deepest hole (hole 163-15-23).
Table 1: Drilling Results from the 2015 Drilling Campaign on the NMH
Table 1: Geochemical analysis was executed by ALS Chemex Laboratories in Val D’Or under
Agnico Eagle Mines QA/QC program and supervision.
Polymetallic intervals in holes 015, 022 and 023 show a continuous panel, concordant to the stratigraphy, that makes the zone very predictable. In these holes, the mineralization lies within the same intermediate lapilli-tuff unit (with the garnet porphyroblasts and the pervasive chlorite alteration) that is similar to the old Normetal Mine (11 MT @ 2,15% Cu, 5,12% Zn, 0,55 g/t Au and 45,25 g/t Ag) located at about 5 km to the east, that was the richest polymetallic mine of the Quebec Abitibi area.
The second target area is located at about 700 meters to the south of the first target area in a different stratigraphic sequence where a single drill hole is planned to test the Perron gold rich polymetallic mineralization located near the favourable rhyolite-andesite (V1-V2) contact. This drill hole will test at depth the mineralized intersect of hole 165-15-21 that returned 9.45 g/t Au, 2,60 g/t Ag, 300 ppm Cu and 1100 ppm Zn over 0.8 meters within a broader silicified and sericitized altered zone that returned 1,70 g/t Au, 0,58 g/t Ag, 87 ppm Cu and 557 ppm Zn over 5,5m.
The drilling program is scheduled to start early in February 2016, after having received all required permits, and should be completed by the end of April 2016. Two drill rigs will be mobilized in the next coming days.
Amex Exploration Inc. is a junior mining exploration company listed on the TSX Venture Exchange whose primary objective is to develop and bring into production viable gold and base metal deposits.
Jacques Marchand, P.Eng., who is a Qualified Persons as defined by Canadian NI 43-101, have approved the technical information reported in this news release.
For additional information, contact:
Jacques Trottier, PhD
President and Chief Executive Officer
Tel.: (514) 866-8209
Forward-looking statements:
Except for statements of historical facts, all statements in this news release regarding, without limitation, new project acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; Actual results and future events could differ materially from those anticipated in such statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
2016 WINTER DRILLING PROGRAM COMPLETED AT AMEX’S PERRON PROPERTY.
MONTREAL, Canada- May 16, 2016 – Amex Exploration Inc. (AMX: TSX-V) has been
informed by Agnico Eagle Mines Ltd (TSX: AEM, NYSE:AEM) “Agnico Eagle” that it has
completed its winter exploration program on Amex 100% owned Perron Property as planned and
announced in January 2016 (see PR2016-01-25). The Perron project is located approximately 8
km northwest of the village of Normetal, and approximately 110 kilometers North of the town of
Rouyn-Noranda in the Abitibi region of Quebec.
Agnico Eagle’s winter drilling program consisted of 9 drill holes totalling 4,643 meters of
drilling with combined down hole pulse EM geophysic on two defined target areas.
The first and main target area was located in the vicinity of the latest follow-up drilling of the
new mineralisation intersected in previous phase of drilling on the Normetal Mine Horizon
(NMH) that returned values of 0.17% Cu, 1.62% Zn, 6.28 g/t Ag and 0.22g/t Au over 2.1
meters in hole 163-15-023 (see PR-2015-12-16).
Eight drill holes were drilled to test the extension of the stratabound mineralized horizon laterally
and at variable depth covering an area of about 6 km of strike length along the NMH.
Polymetallic intervals, from previous drilling in holes 015, 022 and 023, show a continuous
panel concordant to the stratigraphy that makes the target zone very predictable. In these holes,
the mineralization lies within the same intermediate lapilli-tuff unit (with the garnet
porphyroblasts and the pervasive chlorite alteration) that is similar to the old Normetal Mine (11
MT @ 2.15% Cu, 5.12% Zn, 0.55 g/t Au and 45.25 g/t Ag).
The second target area is located at about 700 meters to the south of the first target area in a
different stratigraphic unit where a single drill hole was executed to test the Perron gold rich
polymetallic mineralization located near the favourable V1-V2 contact. This drill hole tested at
depth the mineralized intersect of hole 163-15-21 that returned 9.45 g/t Au, 2.60 g/t Ag, 300 ppm
Cu and 1100 ppm Zn over 0.8 meters within a broader silicified and sericitized altered zone that
returned 1.70 g/t Au, 0.58 g/t Ag, 87 ppm Cu and 557 ppm Zn over 5.5m (see PR2015-06-16).
A total of 1,368 samples were taken and sent to ALS -Chemex Laboratories in Val d’Or and
Amex have been informed by Agnico Eagle that all of the results should be received at the latest
by early June 2016. When available, these results will be announced by Amex promptly.
Amex Exploration Inc. is a junior mining exploration company listed on the TSX Venture
Exchange whose primary objective is to develop and bring into production viable gold and base
metal deposits.
Jacques Marchand, P.Eng., who is a Qualified Persons as defined by Canadian NI 43-101, have
approved the technical information reported in this news release.
For additional information, contact:
Jacques Trottier, PhD
President and Chief Executive Officer
Tel.: (514) 866-8209
Forward-looking statements:
Except for statements of historical facts, all statements in this news release regarding, without
limitation, new project acquisitions, future plans and objectives are forward-looking statements
which involve risks and uncertainties. There can be no assurance that such statements will prove
to be accurate; Actual results and future events could differ materially from those anticipated in
such statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
2016 WINTER DRILLING RESULTS AT AMEX’S PERRON PROPERTY
MONTREAL, Canada- June 29, 2016- Amex Exploration Inc. (AMX: TSX-V)(“Amex”) is pleased to announce that Agnico Eagle Mines Limited (TSX: AEM, NYSE:AEM)(“Agnico Eagle”) hasrecently informed Amex of the 2016 winter drilling results at Amex’s Perron property as scheduled (see PR-2016-05-16). This winter work program consisted of nine drill holes (with two others holes, ie # 163-16-025 and -032, that were abandoned due to poor ground condition) totalling 4,646 metres followed by eight downhole PULSE-EM (in holes # 163-16-024, -026,-028 to -031 and -033to -034; results and interpretation still pending). A total of 1,368 samples were taken and analysed for their metal content (Au, Ag, Cu, Zn) and 141 others were analysed for lithogeochemistry. This latest phase of drilling program was to test the Normetal Mine Horizon over a strike length of approximately 3.5 km and also the target area located approximately 700 metres to the south inside the Beaupré Bloc. Table 1 reports the best drill holes intersects.
Table 1: Best intercepts from the 2016 Winter Drilling Campaign at Perron
http://www.amexexploration.com/wp-content/uploads/2016/06/Screenshot_063016_054603_PM-625x209.jpg 625x, http://www.amexexploration.com/wp-content/uploads/2016/06/Screenshot_063016_054603_PM-768x257.jpg 768x" alt="Screenshot_063016_054603_PM" width="823" height="275" style="box-sizing: border-box; border-style: none; vertical-align: top; max-width: 100%; height: auto; clear: both; display: block; margin-left: auto; margin-right: auto; text-align: center;">Table 1: Geochemical analysis was executed by ALS Chemex Laboratories in Val D’Or under
Agnico Eagle’sQA/QC program and supervision.
* 3 points of visible gold in the section.
In the Beaupre bloc area, two drill holes (holes 163-16-024 and -033) intersected interesting gold mineralization with values of up to 11,45 g/t Au over 0,5 metres (included in a broader zone grading 2,76 g/t Au over 2,8 metres) in hole 163-16-033. Also of interest in this particular hole 163-16-033, the only hole drilled at the northern contact between the Beaupre bloc Rhyolite and the volcano-sedimentary package of the Normetal Mine Horizon, points of visible gold were noted within sulphide bearing stringers cutting the cataclased rhyolite confirming again the very important gold potential of the Beaupre bloc.
The eight holes targeted to intersect the Normetal Mine Horizon along strike successfully hit their target as planned. Most importantly, three of these holes encountered intense stratabound hydrothermal alteration zones characterized typically by a mineral assemblage of Chlorite+Garnet+Biotite+Carbonate (holes # 163-16-026,-029 and –034), of which two of them also intersected semi-massive to massive sulfides zones composed basically by a combination of Pyrite and Pyrrhotite that enhance the potential of finding volcanogenic massive sulphide deposits in the nearby area.
Amex management is pleased with the exploration work done so far by the Agnico Eagle exploration team and is waiting for the next program of work to be presented for the future development of the Perron property.
Amex Exploration Inc. is a junior mining exploration company listed on the TSX Venture Exchange whose primary objective is to develop and bring into production viable gold and base metal deposits.
Jacques Marchand, P.Eng., who is a Qualified Persons as defined by Canadian NI 43-101, has approved the technical information reported in this news release.
For additional information, contact:
Jacques Trottier, PhD
President and Chief Executive Officer
Tel.: (514) 866-8209
Forward-looking statements:
Except for statements of historical facts, all statements in this news release regarding, without limitation, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
AMEX COMPLETES AIRBORNE GEOPHYSICS SURVEY ON ITS EASTMAIN RIVER NORTH AND SOUTH PROPERTIES, JAMES BAY
MONTREAL, Canada, August 02, 2016 – Amex Exploration Inc. (AMX: TSX-V) is pleased to announce that it has just completed an airborne geophysics survey on its 100% owned Eastmain River North and Eastmain River South properties situated in the Eeyou Istchee Territory, James Bay, Québec. These two properties are located approximately 350 km North of the town of Chibougamau, Quebec and are both accessible from Chibougamau by the new 243-kilometer-long all-season road to Stornoway’s Renard diamond Mine (route 167 extension). The whole area is part of Quebec’s Government ¨Plan Nord¨ Development Program.
The Eastmain River South property consists of 40 claims totalling 2,160 hectares and is contiguous to the Eastmain Mine property owned by Eastmain Resources Inc. The Eastmain Mine, located at about 5 km to the South, has produced some 40,000 ounces of gold at an average grade of 10.58 g/t in 1995 and has a reported historic resources of 255,750 ounces of gold at a grade of 10 g/t Au. Eastmain Resources inc. has just announced a new aggressive exploration program totalling 1.3M $ to be spent in the area (see Eastmain Resources inc. PR 2016-07-12). Geologically speaking, this property is located in the hinge of a major regional fold that affect the entire Eastmain Greenstone Belt that host the Eastmain gold mine and is directly in line with the extension of the called ‘NW trending mine horizon’ as described in Eastmain Resources inc press release of July 12th 2016.
The Eastmain River North property consisting of 15 claims totalling 788 hectares, is immediately adjacent to the south of SOQUEM Lac Harbour gold property located at about 25 km to the North of the Eastmain Mine. Surface grab and bloc sampling done by SOQUEM returned values of up to 25.9 g/t Au. Channel and drill core sampling has also returned significant gold values of up to 9.14 g/t Au over 0.5 meter (see SOQUEM web site). Geologically, the Eastmain River North property is covering the contact zone between the NE arm of the Eastmain Greenstone Belt and Granitoid rocks of the Canadian Shield.
The geophysical survey consisted of a Heliborne Magnetic and Time-Domain Electromagnetic survey done by independant contractor Prospectair Geosurveys that was prepared and planned by an independant Geophysicist Joel Dubé, P.Eng registered in Quebec.
Jacques Trottier, President states: “We are very pleased to have initiated a new exploration program in an area that until very recently was without no easy access, and consequently, underexplored. In fact, this region is now subject to some new active exploration work done by other junior exploration companies and just few days ago by Eastmain Resources Inc. We are anxious to see the results of our own exploration program that should be available in the next coming weeks. Follow up program will immediately be emplaced.”
Amex Exploration Inc. is a junior mining exploration company listed on the TSX Venture Exchange whose primary objective is to develop and bring into production viable gold and base metal deposits.
For additional information, contact:
Jacques Trottier, PhD
President and Chief Executive Officer
Tel.: (514) 866-8209
Forward-looking statements:
Except for statements of historical facts, all statements in this news release regarding, without limitation, new project acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; Actual results and future events could differ materially from those anticipated in such statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
AMEX APPOINTS NEW CEO AND CONSOLIDATES ITS SHARES
MONTREAL, Canada, December 8, 2016 – Amex Exploration Inc. (“Amex”, AMX: TSX-V) is pleased to announce that Mr. Victor Cantore has been appointed President and Chief Executive Officer of Amex. Mr. Cantore has extensive experience in the areas of mineral exploration and corporate finance. Mr. Jacques Trottier will become the Executive Chairman of the Board of Directors and continue to focus on Amex’s exploration activities.
Mr. Cantore stated: “I would first like to thank Dr. Trottier for his long-time commitment and dedication to the Corporation. As incoming President and CEO, my objective will be to further advance the company to new grounds and success levels by combining Jacques’s unquestionable geological skills and experience to my own financial and corporate development expertise.”
In addition, the Board has approved the consolidation of its issued and outstanding common shares on a five-for-one (5:1) basis. Amex expects the consolidation will be effective, on or about December 23, 2016, at the commencement of trading. The trading symbol will remain unchanged. As there are currently 73,921,425 common shares outstanding, there will be 14,784,285 post consolidation common shares outstanding, subject to minor adjustments. No fractional shares will be issued as a result of the share consolidation and fractional interests will be rounded up to the nearest whole number. Registered shareholders will receive a letter of transmittal from the Company’s transfer agent as soon as practicable. The letter of transmittal will enable registered shareholders to exchange their old share certificates representing pre-consolidation common shares for post-consolidation common shares. Until surrendered, each share certificate representing pre-consolidation common shares will represent the number of whole post consolidation common shares to which the holder is entitled as a result of the consolidation. Shareholders who hold their common shares in brokerage accounts are not required to take any action to effect the exchange of their common shares.
The consolidation remains subject to TSX-V Exchange approval and compliance with regulatory requirements.
Amex Exploration Inc. is a junior mining exploration company listed on the TSX Venture Exchange whose primary objective is to develop and bring into production viable gold and base metal deposits.
For additional information, contact: Mr. Victor Cantore Tel. (514) 866-8209
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
EXTENTION OF NEW POLYMETALLIC MINERALIZATION IN THE NORMETAL MINE HORIZON AT AMEX’S PERRON PROPERTY.
MONTREAL, Canada- December 16, 2015- Amex Exploration Inc. (AMX: TSX-V) is very pleased to announce that Agnico Eagle Mines Ltd (TSX: AEM, NYSE:AEM) “Agnico Eagle” has recently informed the company of the latest follow-up drilling of the new mineralisation intersected in their previous phase of drilling on the Normetal mine Horizon (see PR-2015-06-16) with positive results, notably in the third and last deepest hole 163-15-023 with values of 0,17% Cu, 1,62% Zn, 6,28 g/t Ag and 0,22 g/t Au over 2,1 meters (see Table 1).
This latest phase of drilling consisted of 2 drill holes totalling 1512 meters with the objective to evaluate the potential extension of the polymetallic mineralization zone that returned 2,23 % Cu, 0,11% Zn, 8,30 g/t Ag and 0,20 g/t Au over 1,0 meter in hole 163-15-015 located within the Normetal Mine Horizon (NMH) that was discovered earlier this year.
Hole 163-15-023, which targeted the MineSequence at 750m below the surface (and 250m under hole 163-15-022), intercepted similar alteration and mineralization as in hole 163-15-022 and as in the discovery hole 163-15-015. The chlorite-garnet envelop returned 0.06 g/t Au, 1.50 g/t Ag, 360 ppm Cu and 3748 ppm Zn over 12.1m (807.3-819.4m), including an interval with up to 3-10% Pyrite-Sphalerite±Pyrrhotite that returned 0.22 g/t Au, 6.28 g/t Ag, 1678 ppm Cu and 16161 ppm Zn over 2.1m (816.0-818.1m). Overall, this new mineralized envelop can now be followed from surface down to a minimum vertical depth of about 750 metersand a strike length of about 200 meters and is still open in all directions. Its thickness increases with depth, from about 2 meters near surface, up to around 10 meters in the deepest hole (hole 163-15-23).
Table 1: Normetal Results from the 2015 Drilling Campaign (phase II)
| Hole | From | to | Length (m) | Au (g/t) | Ag (g/t) | Cu (ppm) | Zn (ppm) |
| 163-15-015* | 128,4 | 129,9 | 1,5 | 0,13 | 6,83 | 21467 | 1041 |
| 163-15-022 | 581,0 | 589,5 | 8,5 | 0,04 | 2,97 | 137 | 4132 |
| 163-15-022 | 582,5 | 583,1 | 0,6 | 0,38 | 20,90 | 370 | 14200 |
| 163-15-023 | 807,3 | 819,4 | 12,1 | 0,06 | 1,50 | 360 | 3748 |
| 163-15-023 incl | 816,0 | 818,1 | 2,1 | 0,22 | 6,28 | 1678 | 16161 |
Table 1: Geochemical analysis was executed by ALS Chemex Laboratories in Val D’Or under
Agnico Eagle Mines QA/QC program and supervision.
* Hole 163-15-15 was drilled in Phase I.
Both polymetallic intervals in holes 022 and 023 show a continuous panel, concordant to the stratigraphy, that makes the zone very predictable. In both holes, the mineralization lies within the same intermediate lapilli-tuff unit (with the garnet porphyroblasts and the pervasive chlorite alteration) that is similar to the old Normetal Mine (11 MT @ 2,15% Cu, 5,12% Zn, 0,55 g/t Au and 45,25 g/t Ag) located at about 5 km to the east, that was the richest polymetallic mine of the Quebec Abitibi area.
Amex Exploration Inc. is a junior mining exploration company listed on the TSX Venture Exchange whose primary objective is to develop and bring into production viable gold and base metal deposits.
Jacques Marchand, P.Eng., who is a Qualified Persons as defined by Canadian NI 43-101, have approved the technical information reported in this news release.
For additional information, contact:
Jacques Trottier, PhD
President and Chief Executive Officer
Tel.: (514) 866-8209
Forward-looking statements:
Except for statements of historical facts, all statements in this news release regarding, without limitation, new project acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; Actual results and future events could differ materially from those anticipated in such statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.