AMEX REPORTS MULTIPLE VISIBLE GOLD GRAINS IN HOLE PE-2017-03 AT PERRON AND PROVIDES UPDATE ON CURRENT DRILLING PROGRAM
Montreal, January 4th, 2018 – Amex Exploration Inc. (TSXV: AMX) (“Amex” or the “Corporation”) is pleased to report that it has identified multiple visible gold (VG) grains in hole PE2017-03 which is the 3rd drill hole done out of 14 planned holes. The section of the hole where VG grains was observed is from a depth of 311.9 meters to 316.56 meters representing an apparent width of 4.66 meters along the hole.
In fact, more than 20 grains of VG were counted in a quartz vein that is ‘divided’ in two sections by the intrusion of a mafic dyke of about 3 meters thick, leaving two segments of quartz vein material totalling about 1.6 meters thick. The native gold is well spread within the quartz material and is associated with notable quantities of Pyrite and Sphalerite with some interstitial Pyrrhotite. This quartz vein is hosted within a highly sericitized and sheared rhyolite unit of about 5 to 10m thick that corresponds very well with a similar altered rhyolite unit intersected in previously drilled and reported hole PE-2013-04 where visible gold within some quartz veining was also noted and values of up to 12.93 g/t Au over 0.30 meters was intersected. This specific zone was the primary follow-up target of the current hole PE-2017-03 that was collared at about 75 meters to the East and 50 meters to the North of hole PE-2013-04.
It is important to note that this emerging new gold zone is of orogenic type and is not directly related or of the same type as the “discovery hole” gold-rich VMS polymetallic mineralization intersected in hole PE-2013-03 which is located some 800 meters to the West (see PR2017-11-13). The discovery hole area will be drilled this month as Amex had to wait until the area was sufficiently frozen to facilitate the drill rig mobilization to the drill site.
“After visiting the core shack on December 20, 2017, and based on the preliminary visual observation of the core drilled to date, I am confident that very good gold results with significant width will be reported from more than one drill hole. There will be different types of gold mineralization coming from different areas of the property clearly showing that the Perron property has good potential to see multiple types of discoveries from high-grade gold veins to gold-rich VMS polymetallic bodies. Unlike other belts in Quebec and Ontario, the Normetal belt has seen relatively little focused exploration in the past and this is the first time that a company has had such a high-quality data base to guide its exploration program. It’s an exciting time for Amex and I look forward to updating you on our results,” said Jacques Trottier PhD, Executive Chairman of Amex.
UPDATE ON CURRENT DRILLING
The present drilling campaign started on November 21st and was suspended for the holiday break on December 17th and will resume on January 7th. Before the break, 5 drill holes were completed (holes PE-2017-01A to PE-2017-05) totalling 1,611 meters. From this drilling, a total of 823 samples for gold and metals, including 83 samples for QA/QC and 18 samples for litho-geochemistry (whole rock) analysis, were sent in three different batches to ALS lab in Val d’Or. The latest batch that included samples with VG from hole PE-2017-03 were sent to the lab on December 21st.
Finally, 10 additional holes on 10 different targets totalling about 3,135 meters are still planned to be drilled on the Perron property before the end of March 2018.
Nabil Tarbouche, Geologist of ExploLogic, a Qualified Person as defined by Canadian NI 43-101, Revised and approved the geological information of the current drilling reported in this news release.
About Amex
Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to develop and bring into production viable gold and base metals deposits in mining-friendly jurisdictions. Amex has multiple highly prospective projects: the 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 116 adjacent claims covering 4518 hectares; the 100% owned Eastmain River gold properties consisting of 135 claims covering 7,102 hectares and the 100% owned Lebel-sur-Quévillon project in Quebec, comprising 263 claims covering 14,743 hectares. In addition, Amex has an option agreement to acquire a 100% interest in the Gowan Property located near the Kidd Creek Mine.
For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: 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.
AMEX REPORTS HIGH GRADE RESULTS OF UP TO 47.2 G/T AU OVER 1.0 METER FROM CORE SECTION WITH FREE COARSE GOLD IN HOLE PE-2017-03 AT PERRON
Montreal, January 17th, 2018 – Amex Exploration Inc. (TSXV: AMX) (“Amex” or the “Corporation”) is pleased to report that it has just received initial analytical results from the core samples where multiple free coarse gold were identified in hole PE2017-03 (see PR2018-01-04). The section of the hole where free coarse gold was observed is from a depth of 311.9 meters to 316.56 meters. In fact, two core sections with free coarse gold were sent to the laboratory, the first one from a depth of 311.9 to 312.47 returned a value of 16.7 g/t Au over 0.57 meters and the second one from a depth of 315.56 to 316.56 returned a value of 47.2 g/t Au over 1.00 meter, leaving an overall intersection with an average grade of 12.22 g/t Au over 4.66*meters. (*Interval intersected along the hole, undetermined true thickness)
This high grade gold zone is hosted within a highly sericitized and sheared rhyolite unit of about 5-10m that corresponds very well with a similar altered rhyolite unit intersected in hole PE-2013-04 where free coarse gold within some quartz veining was also noted and values of up to 12.93 g/t Au over 0.30 meters were intersected. This specific zone was the main follow-up target of hole PE-2017-03 and was collared at about 75 meters to the East and 50 meters to the North of hole PE-2013-04. It is important to note that this gold zone is of orogenic type and is not directly related or of the same type as that the so-called discovery gold-rich VMS polymetallic mineralization intersected in hole PE-2013-03 which is located some 800 meters to the West (see PR2017-11-13).
“I am very pleased with the initial results from our first few holes of the Perron drilling program,” said Jacques Trottier PhD, Executive Chairman of Amex. “Hole PE2017-03 is intersecting what seems to be a whole new gold bearing zone at Perron and is quite separate from our VMS target which is about 1 kilometre away. A property as large as Perron, which covers an important segment of an entire greenstone belt in that region of Quebec, has the potential to host multiple gold discoveries.”
Amex has also received analytical results from hole PE-2017-01A (located in the same area) to hole PE-2017-05 (which is the deepening of hole PE-2013-04). In addition Amex has re-sampled intervals which were lacking data from the mineralized zone of hole PE-2013-04. The company is currently compiling and integrating these results and will announce them as soon as they are available.
UPDATE ON CURRENT DRILLING
Before the Holiday break, five drill holes were completed (holes PE-2017-01A to PE-2017-05) totalling 1,341 meters. On January 5th drilling resumed and on January 15th, hole PE-2017-06 totalling 408 meters was completed. Nine additional holes on nine different targets totalling about 2,727 meters are still planned to be drilled on the Perron property before the end of March 2018.
Nabil Tarbouche, Geologist of Explo-Logik, a Qualified Person as defined by Canadian NI 43-101, Revised and approved the geological information of the current drilling reported in this news release. The drilling campaign and the quality control program has been planned and supervised by Nabil Tarbouche and Amex’s management. The QAQC include insertion of blank, standard or duplicate every 10 samples on average. The gold value is estimated by Fire Assay (AU-ICP-21) by ALS Mineral, Val d’Or. 823 samples were submitted to ALS Mineral for gold, base metals and major and trace elements. Core Logging and sampling was realized by Lisa Côté, Trainee Geologist of Explo-Logik under supervision of Nabil Tarbouche.
About Amex
Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to develop and bring into production viable gold and base metals deposits in mining-friendly jurisdictions. Amex has multiple highly prospective projects: the 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 116 adjacent claims covering 4518 hectares; the 100% owned Eastmain River gold properties consisting of 135 claims covering 7,102 hectares and the 100% owned Lebel-sur-Quévillon project in Quebec, comprising 263 claims covering 14,743 hectares. In addition, Amex has an option agreement to acquire a 100% interest in the Gowan Property located near the Kidd Creek Mine.
For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: 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 INTERSECTS 7.89 G/T AU OVER 7.5 METERS IN HOLE PE-2017-03 AND 2.63 G/T OVER 10.5 METERS IN HOLE PE-2017-01A AT PERRON
Montreal, January 25th, 2018 – Amex Exploration Inc. (TSXV: AMX) (“Amex” or the “Corporation”) is very pleased to report the complete results from hole PE-2017-03 that was partly reported in Amex last press release dated January 16th 2017 where a high grade gold intercept was reported to contain multiple free coarse gold grains with a value of 12.22 g/t Au over 4.66 meters, including 16,7 g/t Au over 0.57 meter and 47.2 g/t Au over 1.00 meter.
This high grade zone is in fact part of a broader mineralized zone characterized by a large envelope of highly sericitized and silicified host rhyolite unit that has returned an average value of 7.89 g/t Au over 7.5 meters (from depth of 310.5 to 318.0 meter). A second well mineralized wide zone was also intersected in the same hole PE-2017-03 at about a hundred meters deeper averaging 0.81 g/t Au over 76.5 meters (from 406.5 to 483.0 meter) including multiple higher grade zones of 5.10 g/t Au over 1.5 meters (from 406.5 to 408.0 m), and 3.91 g/t Au over 4.5 meters (from 447.0 to 451.5 m) including 9.67 g/t Au over 1.5 meter (from 448.5 to 450.0 m) (see Table 1).
| Hole | From | To | Length (m) | Au (g/t) |
| PE-2017-01A | 201.0 | 240.0 | 39.0 | 1.40 |
| PE-2017-01A incl | 214.5 | 225.0 | 10.5 | 2.63 |
| PE-2017-01A incl | 214.5 | 216.0 | 1.5 | 6.66 |
| PE-2017-01A incl | 222.0 | 232.5 | 10.5 | 2.07 |
| PE-2017-01A incl | 222.0 | 228.0 | 6.0 | 3.18 |
| PE-2017-01A incl | 222.0 | 225.0 | 3.0 | 5.62 |
| PE-2017-01A incl * | 223.5 | 225.0 | 1.5 | 9.55* |
| PE-2017-01A incl | 238.5 | 240.0 | 1.5 | 5.12 |
| PE2017-03 | 310.5 | 318.0 | 7.5 | 7.89 |
| PE2017-03 incl | 311.9 | 316.56 | 4.66 | 12.22 |
| PE2017-03 incl * | 311.9 | 312.47 | 0.57 | 16.70* |
| PE2017-03 incl * | 315.56 | 316.56 | 1.0 | 47.20* |
| PE2017-03 | 406.5 | 483.0 | 76.5 | 0.81 |
| PE2017-03 incl | 406.5 | 423.0 | 16.5 | 1.20 |
| PE2017-03 incl | 406.5 | 408.0 | 1.5 | 5.10 |
| PE2017-03 incl | 447.0 | 451.5 | 4.5 | 3.91 |
| PE2017-03 incl | 448.5 | 450.0 | 1.5 | 9.67 |
| PE2017-03 | 498.0 | 510.0 | 12.0 | 0.56 |
| PE2017-03 incl | 502.5 | 510.0 | 7.5 | 0.73 |
| PE2017-03 incl | 502.5 | 505.5 | 3.0 | 1.01 |
Table 1: Geochemical analysis was executed by ALS Mineral in Val D’Or .
* Coarse grain of gold.
Note that those are Intervals intersected along the hole, the true thickness are undetermined.
In addition, Amex also received complete results of hole PE-2017-01A that returned values of 2.63 g/t Au over 10.5 meters (from 214.5 to 225.0 m) including higher grade sub intervals of 6.66 g/t Au over 1.5 meter (from 214.5 to 216.0 m) and 9.55 g/t Au over 1.5 meter (from 223.5 to 225.0m). This intersect is part of a wider zone of 39.0 meters grading an average of 1.40 g/t Au (see table 1) that is also hosted by highly altered rhyolite similar to the host rock unit of the mineralized zones of hole PE-2017-03.
These two holes were planned with the objective of testing the lateral extension of the mineralized gold intersect of hole PE-2013-04 drilled in a previous campaign in 2013 that returned values of up to 12.93 g/t Au over 0.3 meter. Amex has also received results from its re-sampling of some sections that were not previously available to complete the average content of the mineralized zone of hole PE-2013-04 (see Table 2). Accordingly, hole PE-2017-01A was collared at about 75 meters to the West of hole PE-2013-04 while hole PE-2017-03 was collared at some 75 meters to the North-East of hole PE-2013-04.
| Hole | From | To | Length (m) | Au (g/t) |
| PE-2013-04 | 200.7 | 219.4 | 18.7 | 0.53 |
| PE-2013-04 incl | 206.3 | 214.7 | 8.4 | 1.04 |
| PE-2013-04 incl | 207.7 | 211.2 | 3.5 | 1.71 |
| PE-2013-04 incl * | 210.9 | 211.2 | 0.3 | 12.93* |
Table 2: Geochemical analysis was executed by ALS Mineral in Val D’Or .
* Coarse grain of gold.
Interval intersected along the hole, undetermined true thickness.
Hole PE-2013-04 was re-sampled in 2017, with historic results.
Jacques Trottier, PhD, Executive Chairman of Amex said, “Even though we are just beginning to test this new gold target, the results from these two holes combined with the historical results, showing similar mineralization and host rock, leads to the hypothesis that mineralization in these three holes could be part of the same wide gold bearing structure. This would constitute a new gold zone located in the Eastern part of the Perron property that can be now be followed over a strike length of at least 150 meters and to a minimum vertical depth of 400 meters. Our next step is to test this theory with much closer spaced follow-up drill holes and to also test its lateral and depth extensions in a next drill campaign. I am very pleased with these first impressive results in this new promising area and looking forward to seeing the results of the other targets that are still to be drilled, especially in the area of the “discovery hole” PE-2013-03 located some 800 meters to the west of this new gold bearing area. Drilling is underway on these targets and we will be back with more results as we receive them.”
Nabil Tarbouche, Geologist of Explo-Logik, a Qualified Person as defined by Canadian NI 43-101, revised and approved the geological information of the current drilling reported in this news release. The drilling campaign and the quality control program has been planned and supervised by Nabil Tarbouche and Amex’s management. The QAQC include insertion of blank, standard or duplicate every 10 samples on average. The gold value is estimated by Fire Assay (AU-ICP-21) by ALS Mineral, Val d’Or. 1,222 samples were submitted to ALS Mineral for gold, base metals and major and trace elements up to now. Core Logging and sampling was realized by Lisa Côté, Trainee Geologist of Explo-Logik under supervision of Nabil Tarbouche.
About Amex
Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to develop and bring into production viable gold and base metals deposits in mining-friendly jurisdictions. Amex has multiple highly prospective projects: the 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 116 adjacent claims covering 4518 hectares; the 100% owned Eastmain River gold properties consisting of 135 claims covering 7,102 hectares and the 100% owned Lebel-sur-Quévillon project in Quebec, comprising 263 claims covering 14,743 hectares. In addition, Amex has an option agreement to acquire a 100% interest in the Gowan Property located near the Kidd Creek Mine.
For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: 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 IDENTIFIES NEW GOLD STRUCTURE AT PERRON- THE EASTERN GOLD ZONE
Montreal, March 2nd, 2018 – Amex Exploration Inc. (TSXV: AMX) (“Amex” or the “Corporation”) is very pleased to report a new gold-bearing structure based on recent drilling at Perron. This new gold structure has been determined with the assistance of Stephane Faure PhD, geol, working for the independent consulting firm Innovexplo, after new 3D modelling of mineralized sections from recently announced results from Amex’ ongoing 2018 winter drilling campaign (see PR2018-01-15 and Table 1) and a compilation of historical drilling data (see Table 2) from an area located in the eastern part of the Perron property (see map of fig 1).
Figure 1 Perron 2017/2018 Exploration Drilling Program
| Hole | From | To | Length (m) | Au (g/t) |
| PE-2017-01A | 201.0 | 240.0 | 39.0 | 1.40 |
| PE-2017-01A incl | 214.5 | 225.0 | 10.5 | 2.63 |
| PE-2017-01A incl | 214.5 | 216.0 | 1.5 | 6.66 |
| PE-2017-01A incl* | 223.5 | 225 | 1.5 | 9.55* |
| PE-2017-01A incl | 234 | 240 | 6.0 | 2.43 |
| PE-2017-01A incl | 238.5 | 240.0 | 1.5 | 5.12 |
| Hole | From | To | Length (m) | Au (g/t) |
| PE2017-03 | 310.5 | 318.0 | 7.5 | 7.89 |
| PE2017-03 incl | 311.9 | 316.56 | 4.66 | 12.22 |
| PE2017-03 incl * | 311.9 | 312.47 | 0.57 | 16.70* |
| PE2017-03 incl * | 315.56 | 316.56 | 1.0 | 47.20* |
| PE2017-03 | 406.5 | 483.0 | 76.5 | 0.81 |
| PE2017-03 incl | 406.5 | 423.0 | 16.5 | 1.20 |
| PE2017-03 incl | 406.5 | 408.0 | 1.5 | 5.10 |
| PE2017-03 incl | 447.0 | 451.5 | 4.5 | 3.91 |
| PE2017-03 incl | 448.5 | 450.0 | 1.5 | 9.67 |
| PE2017-03 | 498.0 | 510.0 | 12.0 | 0.56 |
| PE2017-03 incl | 502.5 | 505.5 | 3.0 | 1.01 |
Table 1: GOLD INTERCEPTS OF 2017-18 HOLES ON THE EASTERN GOLD ZONE (See PR2018-01-25)
Geochemical analysis was executed by ALS Minerals in Val D’Or.
* Coarse grain of gold.
Note that these are intervals intersected along the hole and the true thickness is undetermined.
This new gold structure is characterized by a broad zone of low grade gold-bearing highly altered rhyolite (sericitized, silicified and pyritized), typically grading between 0.5 to over 1.0 g/t Au over a width between 20 to about 40 meters thick (see plan and section views; figs 2 and 3). This new zone now referred to as the Eastern Gold Zone is interpreted to be oriented more or less East-West with a steep dip of about 80 degrees to the north that can be followed over a strike length of at least 200 meters and has been intersected from surface (in hole PE-1997-35) to a vertical depth of around 450 meters (hole PE-2018-03). Within this wide low grade envelope, there are some higher grade sub-sections of more than 9.0 g/t Au over width of 1.5 meters and better (for example hole PE-2018-01A: 1.40 g/t Au over 39 meters including 9.55 g/t Au over 1.5 m and hole PE-2018-03: 0.81 g/t Au over 76.5 meters including 9.67 g/t Au over 1.5 m. (see Table 1).
Figure 2 – Perron Eastern Gold Zone – Surface Plan
Figure 3 – Perron Eastern Gold Zone – Section
Two of the 2017-2018 holes (i.e. PE-2017-01A and PE-2017-03) were planned with the objective of testing the lateral extension of the mineralized gold intersect of hole PE-2013-04 drilled in a previous 2013 campaign that returned values of up to 12.93 g/t Au over 0.3 meters. Amex has also received results from its re-sampling of some sections that were not previously available to complete the average content of the mineralized zone of hole PE-2013-04 (see Table 2), which resulted in a much larger mineralized corridor that is coincident with the Eastern Gold Zone.
| Hole | From | To | Length (m) | Au (g/t) |
| PE-2013-04 | 200.7 | 219.4 | 18.7 | 0.53 |
| PE-2013-04 incl | 206.3 | 214.7 | 8.4 | 1.04 |
| PE-2013-04 incl | 207.7 | 211.2 | 3.5 | 1.71 |
| PE-2013-04 incl * | 210.9 | 211.2 | 0.3 | 12.93* |
| Hole | From | To | Length (m) | Au (g/t) |
| PE-1997-35 | 20.0 | 59.1 | 39.1 | 0.43 |
| PE-1997-35 incl | 52.0 | 54.3 | 2.3 | 1.28 |
| PE-1997-35 incl | 55.8 | 59.1 | 3.4 | 1.14 |
| PE-2013-04 incl | 56.8 | 59.1 | 1.3 | 2.41 |
Table 2: HISTORIC HOLES ON THE EASTERN GOLD ZONE (See PR2018-01-25)
Geochemical analysis was executed by ALS Mineral in Val D’Or.
* Coarse grain of gold.
Interval intersected along the hole, undetermined true thickness.
Hole PE-2013-04 was re-sampled in 2017, with historic results.
Jacques Trottier, PhD, Executive Chairman of Amex said, “Even though we are just beginning to test this new gold target, the results from the two 2018 holes combined with the historical results, showing similar mineralization and host rock, leads to the interpretation that this constitutes a completely new gold zone located in the Eastern part of the Perron property that can now be followed over a significant strike length of at least 200 meters and to a minimum vertical depth of 450 meters that is still open in all directions. From now on, this new gold mineralization will be referred to as the ‘Eastern Gold Zone’. Our next step is to test its lateral and depth extensions in a future follow-up drill campaign that is still to be determined. I am very pleased with these first impressive results in this new promising zone that was not the main target area of our current drilling campaign. Drilling is underway on other targets on the same property and I am looking forward to see the results that should be available in the next coming days or weeks.”
UPDATE ON CURRENT DRILLING
Drilling is still underway with hole PE-2018-13 that we expect to finalise by early next week; this hole will be ending this winter drilling campaign. Up to now we have drilled 4069 meters and will with the final hole, have drilled a total of 4544 meters.
The 2017-2018 program was planned for 4360 meters with 14 targets, we have added one target and reported drilling on target I and K (refer to PR2017-10-24). As of today a total of more than 800 samples are in processing at ALS Minerals in Val d’Or. Results will be communicated when available.
Kelly Malcolm, P.Geo., a Qualified Person as defined by Canadian NI 43-101, revised and approved the geological information of the current drilling reported in this news release. The drilling campaign and the quality control program has been planned and supervised by Nabil Tarbouche and Amex’s management. The QAQC protocol includes insertion of blanks, standards or duplicates every 10 samples on average. The gold values are determined by Fire Assay (AU-ICP-21) at ALS Minerals, Val d’Or. All samples were submitted to ALS Minerals for gold, base metals and major and trace element geochemistry. Core Logging and sampling was completed by Lisa Côté, Trainee Geologist of Explo-Logik under supervision of Nabil Tarbouche.
About Amex
Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to develop and bring into production viable gold and base metals deposits in mining-friendly jurisdictions. Amex has multiple highly prospective projects: the 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 116 adjacent claims covering 4518 hectares; the 100% owned Eastmain River gold properties consisting of 135 claims covering 7,102 hectares and the 100% owned Lebel-sur-Quévillon project in Quebec, comprising 263 claims covering 14,743 hectares. In addition, Amex has an option agreement to acquire a 100% interest in the Gowan Property located near the Kidd Creek Mine.
For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: 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.
NEW GOLD-RICH POLYMETALLIC DRILL RESULTS WITH GRADES UP TO 6.72 G/T AU, 24.2 G/T AG AND 0.30% ZN OVER 1.5 METERS AT PERRON
Montreal, April 4th, 2018 – Amex Exploration Inc. (TSXV: AMX) (“Amex” or the “Corporation”) is very pleased to report new gold-rich polymetallic drill intersections from its winter 2017-2018 drilling program at Perron in each of the three drill holes located in the ‘Discovery Hole’ polymetallic area with values of up to 6.72 g/t Au, 24.2 g/t Ag and 0.30% Zn over 1.5 meters (see Table 1).
Table 1: 2017-18 Winter Drilling results from the Discovery Hole Polymetallic Area
| Hole | From | To | Length (m) | Au (g/t) | Ag (g/t) | Cu (%) | Zn (%) |
| PE2018-07 | 131.1 | 133.5 | 2.4 | 3.43 | 8.88 | 0.13 | 0.09 |
| PE2018-07 incl | 131.1 | 132.6 | 1.5 | 4.49 | 9.7 | 0.11 | 0.11 |
| PE2018-07 | 171.85 | 173.0 | 1.15 | 2.43 | 6.8 | 0.17 | |
| PE2018-07 | 193.5 | 198.0 | 4.5 | 1.84 | 9.8 | 0.30 | |
| PE2018-07 incl | 195.0 | 196.5 | 1.5 | 4.48 | 5.3 | 0.13 | |
| PE2018-08 | 247.5 | 252.0 | 4.5 | 2.06 | 7.20 | 0.07 | 0.11 |
| PE2018-08 incl | 247.5 | 249.0 | 1.5 | 4.56 | 14.2 | 0.14 | 0.16 |
| PE2018-10 | 112.5 | 114.0 | 1.5 | 3.10 | |||
| PE2018-10 | 196.0 | 197.5 | 1.5 | 1.59 | 5.6 | 1,55 | |
| PE2018-10 | 253.5 | 261.0 | 7.5 | 0.72 | 18.7 | ||
| PE2018-10 incl | 258.0 | 261.0 | 3.0 | 1.43 | 23.9 | 0.27 | |
| PE2018-10 | 282.0 | 283.5 | 1.5 | 6.72 | 24.2 | 0.30 |
Interval intersected along the hole, undetermined true thickness.
These three new drill holes (i.e. PE-2018-07, -08, -10; see Fig.1) were planned as priority targets from the 3D modelling created in conjunction with Innovexplo (see PR2017-10-24) as follow up drilling to the so called ‘Discovery Hole’ drilled by Amex in 2013 (Hole PE-2013-03) that returned gold-rich polymetallic values of 3.84 g/t Au, 23.0 g/t Ag, 1.4% Zn and 0.10% Cu over 15.2 meters, including a high grade intersection of 19.07 g/t Au, 102.0 g/t Ag, 5.0% Zn and 0.38% Cu (see PR2013-03-19)
Figure 1 Perron 2017/2018 Exploration Drilling Program
The next step is to integrate these drilling results into the 3D modelling to better understand the geometric and genetic relationship of these new intersections in order to prepare a new follow up drilling program that will be focussed not only on the recently identified ‘Eastern Gold Zone’ (see PR2018-03-02) but also in this very promising ‘Discovery Hole Gold-rich Polymetallic Area’.
It is important to note that these are two different mineralised areas and they are located in two different parts of the Perron property, geologically and geographically speaking. There is a distance of about 1.0 Km between these two mineralized areas where relatively only limited drilling has been done in the past. During this 2017-2018 phase of drilling, Amex tested the one kilometer of strike between the two mineralized areas and drilled three broadly spaced holes (PE-2017-02, -04 and PE-2018-06) to evaluate the potential of this ‘in between’ ground. Drilling focussed on reactivated syn-volcanic faults and the contact zone between the Beaupré Rhyolite (acting as host and footwall rock of both type of mineralization) and the overlying andesite unit (with some sediments and iron formations that constitute the hanging wall unit also of both mineralization types).
These three holes intersected gold mineralized intervals with values up to 9.60 g/t Au over 1.5 meters in hole PE-2018-06 and two wide intersections of low grade values, one grading 0.62 g/t Au over 9.0 meters, also in hole PE-2018-06, and the other one grading 0.78 g/t Au over 18.0 meters in hole PE-2017-04 (see table 2). The interpretation and understanding of these results are yet to be determined.
Table 2: Gold Intersections Between The Eastern Gold Zone and The Discovery Hole Polymetallic Area
| Hole | From | To | Length (m) | Au (g/t) |
| PE2017-02 | 231.0 | 233.5 | 2.5 | 0.64 |
| PE2017-04 | 246.0 | 264.0 | 18.0 | 0.78 |
| PE2017-04 incl | 247.5 | 249.0 | 1.5 | 2.59 |
| PE2017-04 incl | 259.5 | 262.5 | 3.0 | 2.12 |
| PE2017-04 incl | 304.5 | 306.0 | 1.5 | 2.03 |
| PE2018-06 | 102 | 111.0 | 9.0 | 0.62 |
| PE2018-06 incl | 105 | 106.5 | 1.5 | 2.33 |
| PE2018-06 | 277.5 | 279.0 | 1.5 | 9.6 |
Interval intersected along the hole, undetermined true thickness.
Jacques Trottier, PhD, Executive Chairman of Amex said, “Even though we haven’t totally completed the analysis from this last winter’s 2017-2018 drilling campaign, the results are very impressive and even better than expected. We can already say that this phase of drilling is a complete success and we achieved our main objectives to evaluate the gold-rich polymetallic potential of the immediate area of the 2013 ‘Discovery Hole’ and to potentially identifying new gold bearing structures. I am very encouraged with the identification of the new ‘Eastern Gold Zone’ announced a few weeks ago and now further confirmation of gold-rich polymetallic zones as described today. I am also very pleased with the results from the drilling between the Eastern Gold Zone and the Gold-rich Polymetallic Area. There is about one kilometer of strike length between these two areas and intersecting gold mineralization in all three widely spaced holes is quite exiting and opens new ground for further exploration work. Clearly, follow up drilling is necessary. I am also personally very proud of the work done by the exploration team that has been involved in the planning and execution of the winter drill program. Our focussed work on Perron has already begun to yield tangible results and I believe we have only scratched the surface of the true potential of this great promising property”.
UPDATE ON CURRENT DRILLING
We have also received the results from hole PE-2017-05 (that was actually the deepening of hole PE-2013-04) that was drilled to test a geophysical target and now explained by the presence of finely laminated iron formations with no significant values and PE-2018-09 drilled to the western limit of the Discovery Hole Gold-rich Polymetallic Area with no significant values.
Drilling has been terminated on March 6th with hole PE-2018-13 for a total of 4537 meters. The 2017-2018 program was planned for 4360 meters with 14 targets; we have added one target and reported drilling on target I and K (refer to PR2017-10-24). As of today, results from holes PE-2018-11, 12 and 13 are still under processing and review, and will be communicated when available.
Kelly Malcolm, P.Geo., a Qualified Person as defined by Canadian NI 43-101, revised and approved the geological information of the current drilling reported in this news release. The drilling campaign and the quality control program has been planned and supervised by Nabil Tarbouche and Amex’s management. The QAQC protocol includes insertion of blanks, standards or duplicates every 10 samples on average. The gold values are determined by Fire Assay (AU-ICP-21) at ALS Minerals, Val d’Or. All samples were submitted to ALS Minerals for gold, base metals and major and trace element geochemistry. Core Logging and sampling was completed by Lisa Côté, Trainee Geologist of Explo-Logik under supervision of Nabil Tarbouche.
About Amex
Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to develop and bring into production viable gold and base metals deposits in mining-friendly jurisdictions. Amex has multiple highly prospective projects: the 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 116 adjacent claims covering 4518 hectares; the 100% owned Eastmain River gold properties consisting of 135 claims covering 7,102 hectares and the 100% owned Lebel-sur-Quévillon project in Quebec, comprising 263 claims covering 14,743 hectares. In addition, Amex has an option agreement to acquire a 100% interest in the Gowan Property located near the Kidd Creek Mine.
For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: 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.
2017-18 WINTER DRILL FINAL RESULTS AT PERRON: NEW WEST SIDE GOLD SHOWING
Montreal, April 25th, 2018 – Amex Exploration Inc. (TSXV: AMX) (“Amex” or the “Corporation”) is pleased to announce the final results from its winter 2017-2018 drilling program consisting of the last three holes, over a total of 13 completed in March 2018, and testing three different targets located in the western part of the area of interest (see Figure 1).
Figure 1: Perron 2017/2018 Winter Exploration Drilling Program
The highlight of the results reported today is yet another newly discovered gold bearing structure now described as the ‘West Side Gold Showing’ in hole PE-2018-11, where gold values of up to 3.32 g/t Au over 1.5 meters within a wider zone of 18.5 meters grading 0.51 g/t Au were intersected (see Table 1). Holes PE-2018-12 and 13, were drilled on two different targets, and returned no significant values.
Table 1: Results of hole PE-2018-11
| Hole | From | To | Length (m) | Au (g/t) |
| PE-2018-11 | 168.0 | 178.5 | 10.5 | 0.69 |
| PE-2018-11 incl | 172.5 | 175.5 | 3.0 | 1.73 |
| PE-2018-11 | 190.5 | 209.4 | 18.9 | 0.51 |
| PE-2018-11 incl | 190.5 | 193.5 | 3.0 | 1.27 |
| PE-2018-11 incl | 207.0 | 208.0 | 1.0 | 3.32 |
| PE-2018-11 | 213.0 | 220.5 | 7.5 | 0.39 |
| PE-2018-11 | 234.0 | 235.5 | 1.5 | 1.26 |
Interval intersected along the hole, undetermined true thickness.
Hole PE-2018-11was planned in order to evaluate the potential extension of various gold mineralized intersections that were historically drilled by Coleraine Resources (now Amex) between 1999 and 2009. Significant gold intervals were reported from four different holes located in the immediate area of this hole PE-2018-11, namely holes PE1999-S54, PE2000-S57, PE2000-S58, PE2008S02 and PE2009-S08, with high grade values of up to 14.71 g/t Au over 1.0 meter (see Table 2).
Table 2: Historic holes of the West Side Gold Showing.
| Hole | From | To | Length (m) | Au (g/t) |
| PE1999-S54 | 58.5 | 79.5 | 21.0 | 2.48 |
| PE1999-S54 incl | 65.0 | 66.0 | 1.0 | 11.71 |
| PE1999-S54 incl | 72.0 | 76.5 | 4.5 | 5.62 |
| PE1999-S54 incl | 75.0 | 76.5 | 1.5 | 8.11 |
| PE2000-S57 | 85.5 | 87.0 | 1.5 | 1.6 |
| PE2000-S58 | 124.0 | 125.0 | 1.0 | 3.5 |
| PE2008-S02 | 25.0 | 34.0 | 9.0 | 2.36 |
| PE2008-S02 incl | 26.0 | 27.0 | 1.0 | 14.71 |
| PE2009-S08 | 148.1 | 149 | 0.9 | 1.05 |
| PE2009-S08 | 237.0 | 237.8 | 0.8 | 1.07 |
Interval intersected along the hole, undetermined true thickness.
It is important to note that the high grade gold intersects from holes PE1999-S54 and PE2008-S02, i.e 11.71 g/t Au over 1.0 meter and 14.71 g/t Au over 1.0 meter are respectively within a larger interval of 21.0 meters grading 2.48 g/t Au and 9.0 meters grading 2.36 g/t Au. Both are localized very near the surface with respective depths of about 60 meters and 25 meters. Together with hole PE-2018-11, these historical intersects can be now included in a continuous zone that can be followed over a minimum strike length of about 150 meters from near surface to a minimum vertical depth of 200 meters and is potentially open in all directions (see figures 2 and 3)
Figure 2-3: Drill Hole PE-2018-11 Section and Surface Plan
The next step is to integrate these drilling results into a 3D model in order to prepare a new follow up drilling program that will be focussed not only on this new ‘West Side Gold Showing’ but also in the ‘Discovery Hole Gold-rich Polymetallic Area’ (see PR-2018-04-04) and on the recently identified and promising ‘Eastern Gold Zone’ (see PR-2018-03-02).
Jacques Trottier, PhD, Executive Chairman of Amex said, “This drill program can be considered as a real success in all respects and these results are certainly beyond my expectations. We identified two new very promising gold-bearing structures, namely the Eastern Gold Zone and now this new West Side Gold Showing and confirmed the potential of gold-rich polymetallic zones in the area of the ‘Discovery Hole’. A follow-up drill program will soon be prepared with the support of 3D modelling that will better define the geometric and genetic relationship of this successful last phase of drilling. I am very anxious to start the next phase of work that will be implemented as soon as possible once the new drilling program is established.”
Kelly Malcolm, P.Geo., a Qualified Person as defined by Canadian NI 43-101, revised and approved the geological information of the current drilling reported in this news release. The drilling campaign and the quality control program has been planned and supervised by Nabil Tarbouche and Amex’s management. The QAQC protocol includes insertion of blanks, standards or duplicates every 10 samples on average. The gold values are determined by Fire Assay (AU-ICP-21) at ALS Minerals, Val d’Or. All samples were submitted to ALS Minerals for gold, base metals and major and trace element geochemistry. Core Logging and sampling was completed by Lisa Côté, Trainee Geologist of Explo-Logik under supervision of Nabil Tarbouche.
About Amex
Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to develop and bring into production viable gold and base metals deposits in mining-friendly jurisdictions. Amex has multiple highly prospective projects: the 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 116 adjacent claims covering 4518 hectares; the 100% owned Eastmain River gold properties consisting of 135 claims covering 7,102 hectares and the 100% owned Lebel-sur-Quévillon project in Quebec, comprising 263 claims covering 14,743 hectares. In addition, Amex has an option agreement to acquire a 100% interest in the Gowan Property located near the Kidd Creek Mine.
For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: 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.
Figure 2-3: Drill Hole PE-2018-11 Section and Surface Plan
GROUND GEOPHYSICS IDENTIFIES DRILL TARGETS AT PERRON EASTERN GOLD ZONE
Montreal, September 5, 2018 – Amex Exploration Inc. (TSXV: AMX) (“Amex” or the “Corporation”) is pleased to announce that an IP geophysical ground survey has just been completed at the 100% owned Perron Property located in Abitibi, Quebec. This survey covers approximately 2 km2 of the recently identified Eastern Gold Zone (See PR-2018-03-01) using a 100 to 200 meter spacing grid totalling 16.3 km of cut lines (see fig.1). The survey was done by Abitibi Geophysique Inc. using their proprietary technology “OreVisionIP”. Results of this survey will be integrated into the 3D model that Innovexplo and Amex has created for the next drilling targets at the Eastern Gold Zone as well as its potential lateral extensions and other similar gold bearing structures. A follow-up drill program is being prepared with the support of the updated 3D model that should help to better define the geometric and genetic relationship of this new Eastern Gold Zone.
Figure 1-Geophysical Survey Grid Perron Property
The Eastern Gold Zone was identified during the last drilling program at Perron with holes PE-2017-01A and PE-2017-03 combined with historic holes PE-1997-35 and PE-2013-04 (see table 1 and 2). This gold bearing structure can be followed over a strike length of at least 200 meters from near surface down to a vertical depth of at least 450 meters within an envelope that varies from about 20 meters to more than 50 meters of width that have returned drilled intersect of up to 7.89 g/t Au over 7.5 meters (see fig.2 and 3).
| Hole | From | To | Length (m) | Au (g/t) |
| PE-2017-01A | 201.0 | 240.0 | 39.0 | 1.40 |
| PE-2017-01A incl | 214.5 | 225.0 | 10.5 | 2.63 |
| PE-2017-01A incl | 214.5 | 216.0 | 1.5 | 6.66 |
| PE-2017-01A incl* | 223.5 | 225 | 1.5 | 9.55* |
| PE-2017-01A incl | 234 | 240 | 6.0 | 2.43 |
| PE-2017-01A incl | 238.5 | 240.0 | 1.5 | 5.12 |
| Hole | From | To | Length (m) | Au (g/t) |
| PE-2017-03 | 310.5 | 318.0 | 7.5 | 7.89 |
| PE-2017-03 incl | 311.9 | 316.56 | 4.66 | 12.22 |
| PE-2017-03 incl * | 311.9 | 312.47 | 0.57 | 16.70* |
| PE-2017-03 incl * | 315.56 | 316.56 | 1.0 | 47.20* |
| PE-2017-03 | 406.5 | 483.0 | 76.5 | 0.81 |
| PE-2017-03 incl | 406.5 | 423.0 | 16.5 | 1.20 |
| PE-2017-03 incl | 406.5 | 408.0 | 1.5 | 5.10 |
| PE-2017-03 incl | 447.0 | 451.5 | 4.5 | 3.91 |
| PE-2017-03 incl | 448.5 | 450.0 | 1.5 | 9.67 |
| PE-2017-03 | 498.0 | 510.0 | 12.0 | 0.56 |
| PE-2017-03 incl | 502.5 | 505.5 | 3.0 | 1.01 |
Table 1: GOLD INTERCEPTS OF 2017-18 HOLES ON THE EASTERN GOLD ZONE
Geochemical analysis was executed by ALS Minerals in Val D’Or.
* Coarse grain of gold.
Note that these are intervals intersected along the hole and the true thickness is undetermined.
| Hole | From | To | Length (m) | Au (g/t) |
| PE-2013-04 | 200.7 | 219.4 | 18.7 | 0.53 |
| PE-2013-04 incl | 206.3 | 214.7 | 8.4 | 1.04 |
| PE-2013-04 incl | 207.7 | 211.2 | 3.5 | 1.71 |
| PE-2013-04 incl* | 210.9 | 211.2 | 0.3 | 12.93* |
| Hole | From | To | Length (m) | Au (g/t) |
| PE-1997-35 | 20.0 | 59.1 | 39.1 | 0.43 |
| PE-1997-35 incl | 52.0 | 54.3 | 2.3 | 1.28 |
| PE-1997-35 incl | 55.8 | 59.1 | 3.4 | 1.14 |
| PE-1997-35incl | 56.8 | 59.1 | 1.3 | 2.41 |
Table 2: HISTORIC HOLES ON THE EASTERN GOLD ZONE (See PR2018-01-25)
Geochemical analysis was executed by ALS Mineral in Val D’Or.
* Coarse grain of gold.
Interval intersected along the hole, undetermined true thickness.
Hole PE-2013-04 was re-sampled in 2017, with historical results.
Figure 2 – Perron Eastern Gold Zone – Surface Plan Projection
Figure 3 – Perron Eastern Gold Zone – Section 613430E
About Amex
Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to develop and bring into production viable gold and base metals deposits in mining-friendly jurisdictions. Amex has multiple highly prospective projects: the 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 116 adjacent claims covering 4518 hectares; the 100% owned Eastmain River gold properties consisting of 135 claims covering 7,102 hectares and the 100% owned Lebel-sur-Quévillon project in Quebec, comprising 263 claims covering 14,743 hectares. In addition, Amex has an option agreement to acquire a 100% interest in the Gowan Property located near the Kidd Creek Mine.
For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: 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 STARTS FOLLOW-UP DRILLING ON THE EASTERN GOLD ZONE AT PERRON
MONTREAL, Canada – October 15, 2018 – Amex Exploration Inc. (“Amex or the Company”) (AMX: TSX-V) announces the commencement of its drill program on the newly discovered Eastern Gold Zone (EGZ) (see PR2018-03-02). The program incorporates results of the integration and interpretation of the recent ‘orevision’ ground geophysical survey executed by Abitibi Geophysics (see PR2018-08-05).
The new drilling program consist of 18 diamond drill holes (DDH) totalling 6,171 meters that is designed to primarily test the lateral and depth extensions of the known EGZ. In addition, the program will test the continuity between the mineralized intersections of previous drill holes that intersected the EGZ (i.e. infill drilling). The planned intersection spacing, if successful, should enable us to establish a first estimate of a potential resource calculation of this Zone.
In order to achieve these objectives, the drilling program has been planned in order of priority. Therefore, priority 1 holes, 9 holes totalling a planned 2,617 meters drill program, will focus on the immediate vicinity of hole PE-2017-03 where values of up to 7.89 g/t Au over 7.5 meters have been intersected (see PR2018-03-02). This Phase 1 of drilling will start before the end of October 2018.
Priority 2 holes consist of 5 holes totalling 1,485 meters of drilling. The main objective is to verify the Eastern lateral potential extension of the EGZ. Finally, Priority 3 holes will test the extension at depths of more than about 300 meters. For this objective, 4 holes are planned for a total of 2,069 meters of drilling.
“This very promising follow-up drilling campaign on the EGZ of the Amex 100% owned Perron Property will be of the utmost importance for the future development of this property as well as for the Company. Our previous drilling on the EGZ target was a complete success and I am very confident about our ability to deliver results given the amount of data and planning that has gone into this drill program,” said Jacques Trottier, PhD Amex’s Executive Chairman
Stéphane Faure, Geo, PhD of InnovExplo, a Qualified Person as defined by Canadian NI 43-101, designed the current drilling program and approved the geological information reported in this news release.
FIGURE 1, Proposed drilling target 2018-2019
About Amex
Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to develop and bring into production viable gold and base metals deposits in mining-friendly jurisdictions. Amex has multiple highly prospective projects: the 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 116 adjacent claims covering 4518 hectares; the 100% owned Eastmain River gold properties consisting of 135 claims covering 7,102 hectares and the 100% owned Cameron project located in Lebel-sur-Quévillon, Quebec, comprising 263 claims covering 14,743 hectares. In addition, Amex has an option agreement to acquire a 100% interest in the Gowan Property located near the Kidd Creek Mine.
For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: 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.
AMEX FIRST RESULTS ON ITS NEW DRILLING PROGRAM AT PERRON: MULTIPLES GOLD STRUCTURES INTERSECTED
MONTREAL, Canada – November 20, 2018 – Amex Exploration Inc. (“Amex or the Company”) (AMX: TSX-V) is pleased to announce the results of the first drill hole of its ongoing drilling program at Perron (PE2018-14; ie Target 2018-X18: see Fig.1). This drill hole is located in the eastern most part of its 100% owned Perron property and was identified as a geophysic drill target with the recently ‘orevision’ ground geophysical survey executed by Abitibi Geophysics (see PR2018-08-05).
A total of 7 gold bearing structures have been intersected with values of up to 3.85 g/t Au over 1.4 meters and 3.43 g/t Au over 1.65 meters at different depths between 96.0 m to 352.0 meters (see Table 1). All of theses gold bearing intersections are associated with strong silica alteration that appears to have a local blueish opaline textures and quartz-carbonate veining. This gold mineralization is different from the Eastern Gold Zone (EGZ) as it does not seem to be related to any zinc enrichment.
This geophysical target was considered as a typical ‘wildcat’ target as it is located in a totally new area that was never tested by Amex before. In fact, this geophysical target, which demonstrated a very high resistivity and high polarization, is located at more than 1 Km to the North-East of the EGZ that was discovered last year (see PR2018-03-02). This ‘wildcat’ hole was drilled first for logistic reasons and ground conditions and not by priority order. The main objective of this phase of drilling is to follow-up on previous drilling on the EGZ.
Table 1: 2018 Winter Drilling results from Hole PE2018-14
| Hole | From | To | Length (m) | Au (g/t) |
| PE2018-14 | 96.0 | 104.2 | 8.2 | 0.59 |
| PE2018-14 incl | 98.5 | 100.65 | 2.15 | 1.20 |
| PE2018-14 | 134.0 | 139.0 | 5.0 | 1.21 |
| PE2018-14 incl | 135.1 | 136.5 | 1.4 | 3.85 |
| PE2018-14 | 166.0 | 167.0 | 1.0 | 1.09 |
| PE2018-14 | 176.5 | 178 | 1.5 | 1.92 |
| PE2018-14 | 206.25 | 207.75 | 1.5 | 0.67 |
| PE2018-14 | 309.8 | 310.8 | 1.0 | 1.37 |
| PE2018-04 | 350.35 | 352.0 | 1.65 |
3.43 |
Interval intersected along the hole, undetermined true thickness.
“Our wildcat hole was a complete success and it was the first drill hole of this campaign. We have encountered multiple new gold bearing structures and this opens new ground for future exploration work still to be determined. Nevertheless, our first objective is to complete follow-up drilling on the very promising EGZ. I am pleased with gold mineralization in this first hole of our current program as it demonstrates clearly that our 100 % own Perron Property is of the utmost importance for the future development of the Company ” said Jacques Trottier, PhD Amex’s Executive Chairman
As per today, only hole PE2018-14 is finalized and the first hole at the EGZ (ie PE2018-15; proposal 2018-X4 see Fig.1) has just being completed (493 meters) and a total of 484 samples have been sent to the laboratory. This hole is the first of eight priority 1 planned holes that are focused on the immediate vicinity of hole PE-2017-03 where values of up to 7.89 g/t Au over 7.5 meters have been intersected (see PR2018-03-02). This Phase 1 of drilling totalling 2,617 meters is planned to be finished before end of this year.
As a reminder, this entire drilling program consists of 18 diamond drill holes (DDH) totalling 6,171 meters that is designed to primarily test the lateral and depth extensions of the known EGZ. In addition, the program will test the continuity between the mineralized intersections of previous drill holes that intersected the EGZ (i.e. infill drilling). The planned intersection spacing, if successful, should enable us to establish a first estimate of a potential resource calculation of this Zone.
FIGURE 1, Proposed drilling target 2018-2019
Maxime Bouchard M.Sc.A, Geologist of Laurentia Exploration, a Qualified Person as defined by Canadian NI 43-101, revised and approved the geological information of the current drilling reported in this news release. The drilling campaign and the quality control program has been planned and supervised by Maxime Bouchard and Amex’s management. The QAQC include insertion of blank or standard every 10 samples on average. The gold values are estimated by Fire Assay with finish by atomic absorption and value over 3 ppm Au are re-analysed by fire Assay with finish by gravimetry by Laboratoire Expert Inc, Rouyn-Noranda, 317 samples were submitted to Laboratoire Expert Inc. for gold and base metals. Whole rock analysis are taken every 30 meters and at each major lithology change and will be submitted to ALS Laboratory. Core Logging and sampling was realized by Maxime Bouchard and Alizée Lienard M.Sc.A, Trainee Geologist of Laurentia Exploration under supervision of Maxime Bouchard.
About Amex
Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to develop and bring into production viable gold and base metals deposits in mining-friendly jurisdictions. Amex has multiple highly prospective projects: the 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 116 adjacent claims covering 4518 hectares; the 100% owned Eastmain River gold properties consisting of 135 claims covering 7,102 hectares and the 100% owned Cameron project located in Lebel-sur-Quévillon, Quebec, comprising 263 claims covering 14,743 hectares. In addition, Amex has an option agreement to acquire a 100% interest in the Gowan Property located near the Kidd Creek Mine.
For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: 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 UNDERTAKES PRIVATE PLACEMENT
Montreal, November 23, 2018 – Amex Exploration Inc. (TSXV: AMX) (“Amex” or the “Corporation”) announces that it has undertaken to complete a non-brokered private placement in the maximum amount of $500,000, through the offering of up to 6,250,000 units priced at $0.08 each. Each unit will consist in one common share and one common share purchase warrant having an exercise price of $0.15 and a term of 18 months.
Funds will be used for exploration work on the on going drilling program on the Perron property and for general working capital purposes.
Certain directors and insiders of Amex are expected to participate in the private placement for an maximum aggregate amount of $75,000. Pursuant to Policy 5.9 of the TSXV and Regulation 61-101 Respecting protection of minority security holders in special transactions (“Rule 61-101”), each of these transactions will constitute a “related party transaction” and as such, minority shareholder approval and a formal valuation may be required. However, the board expects that such transactions will meet the exemptions set out in Rule 61-101.
All securities issued pursuant to the private placement will be subject to a 4-month and one day hold period and the transaction remains subject to the receipt of all necessary regulatory approvals, including the final approval of the TSX Venture Exchange.
In connection with the private placement, Amex may enter into finder’s fee agreements with qualified persons and may pay a cash commission equal to 7% of the gross proceeds raised through their efforts.
For further information please contact Pierre Carrier at 514-866-8209.
The securities to be issued pursuant to the Offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “1933 Act”), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States.
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 RAISES PROCEEDS OF $552,000
Montreal,December 3, 2018 – Amex Exploration Inc. (TSXV: AMX) (“Amex” or the “Corporation”) is pleased to announce the completion of the previously announced non-brokered private placement (the initial amount of $500,000 was increased to $552,000, following an over subscription)pursuant to which, 6,900,000 units, priced at $0.08 each, were issued. Each unit consists of one common share and one common share purchase warrant having an exercise price of $0.15 and a term of 18 months.
Funds will be used for exploration work on the on going drilling program on the Perron property and for general working capital purposes.
Four directors and insiders of Amex have participated in the private placement for the aggregate amount of $78,000. Pursuant to Policy 5.9 of the TSXV and Regulation 61-101 Respecting protection of minority security holders in special transactions (“Rule 61-101”), each of these transactions constitutes a “related party transaction”. However, the Corporation is exempt from obtaining minority shareholder approval and an independent evaluation, as per Sections 5.5(a) and 5.7(a) of Rule 61-101.
All securities issued pursuant to the private placement will be subject to a 4-month and one day hold period and the transaction remains subject to the receipt of all necessary regulatory approvals, including the final approval of the TSX Venture Exchange.
In connection with the private placement, Amex has paid finder’s fee to unrelated registered dealers, in the total amount of $8,400, representing a commission equal to 7% of the gross proceeds raised through their efforts.
For further information please contact Pierre Carrier at 514-866-8209.
The securities to be issued pursuant to the Offering have not been and will not be registered under the U.S. Securities Act of 1933,as amended (the “1933 Act”), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States.
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 HITS 269.2 G/T AU OVER 1.35 METERS IN DRILL HOLE PE2018-17 ON THE EASTERN GOLD ZONE AT PERRON
MONTREAL, Canada – December 13, 2018 – Amex Exploration Inc. (“Amex or the Company”) (AMX: TSX-V; FRA: MX0) is very pleased to announce that it has intersected a high grade gold bearing quartz vein containing multiple free coarse gold grains that returned a value of 269.23 g/t Au over 1.35 meters (from 241.85m to 243.2 m in hole PE2018-17; ie Target 2018-X3: please refer to Fig.1) at the Eastern Gold Zone (EGZ).
Hole PE2018-17 (target 2018-X3) targeted mineralization that is 86 metres above last year’s hole PE2017-03 (see section 1) that returned 12.22 g/t Au over 4.66m from a depth of 311.9m to 316.56m (see PR2018-03-02). Hole PE2017-03 was composed of two quartz veins that also contained free coarse gold grains separated by a gabbro dyke and that returned individually gold values of 16.7 g/t Au over 0.57 meter and 47.2 g/t Au over 1.00 meter (see table 1). The mineralogy, texture and structural features of these two quartz veins are the same as hole PE2018-17. It is important to note that the collar of hole PE2018-17 was located on the same drill pad site as for hole PE2017-03, but at a different drilling dip angle (see section 1). Following the results of hole PE2018-15 (See PR2018-12-13A), the Company has decided then to deepen hole PE2018-17 to target the second mineralized zone.
Table 1: 2017 and 2018 intersect of the high grade subzone of the EGZ
| Hole | From | To | Length (m) | Au (g/t) |
| PE2018-17 | 241.85 | 243.20 | 1.35 | 269.23* |
| PE2017-03 incl | 311.90 | 316.56 | 4.66 | 12.22* |
| PE2017-03 incl | 311.90 | 312.47 | 0.57 | 16.70* |
| PE2017-03 | 315.56 | 316.56 | 1.00 | 47.20* |
Interval intersected along the hole, undetermined true thickness.
*VG: Visible Gold or Coarse gold grains
“We are quite excited with the results of the first mineralized intersect of hole PE2018-17 on the EGZ that now can be identified as a high grade gold subzone. This subzone is characterized by the presence of a significant quartz vein zone containing multiple free coarse gold grains and that is sitting next to a gabbroic intrusive that acts as a marker unit within the rhyolite host rock of the EGZ. This fact will have a definitive impact on the continuation of this ongoing follow-up drilling program and I am looking forward with great expectation for the results still to come,” said Jacques Trottier, PhD Amex’s Executive Chairman.
FIGURE 1, Proposed drilling target 2018-2019
SECTION 1
To date, hole PE2018-19 (Target 2018-X2) has been completed and the drill rig has returned to hole PE2018-17 to reach the rhyolite andesite contact. Complete results on holes PE2018-16, 17 and 18 are still pending and will be announced once completed.
As a reminder, this entire drilling program consists of 18 diamond drill holes (DDH) totalling 6,171 meters designed primarily to test the lateral and depth extensions of the known EGZ. In addition, the program is designed to test the continuity between the mineralized intersections of previous drill holes that intersected the EGZ (i.e. infill drilling). The planned intersection spacing, if successful, should enable us to establish a first estimate of a potential resource calculation of this Zone, once the drilling campaign is completed in the first Quarter of 2019.
Maxime Bouchard M.Sc.A, Geologist of Laurentia Exploration, a Qualified Person as defined by Canadian NI 43-101, reviewed and approved the geological information of the current drilling reported in this news release. The drilling campaign and the quality control program has been planned and supervised by Maxime Bouchard and Amex’s management. The QAQC include insertion of blank or standard every 10 samples on average. The gold values are estimated by Fire Assay with finish by atomic absorption and value over 3 ppm Au are re-analysed by fire Assay with finish by gravimetry by Laboratoire Expert Inc, Rouyn-Noranda, 486 samples were submitted to Laboratoire Expert Inc. for gold and base metals. Samples with visible gold were analyse by metallic sieve to limit the nugget effect. Whole rock analysis are taken every 30 meters and at each major lithology change and will be submitted to ALS Laboratory. Core Logging and sampling was realized by Maxime Bouchard and Alizée Lienard M.Sc.A, Trainee Geologist of Laurentia Exploration.
About Amex
Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to develop and bring into production viable gold and base metals deposits in mining-friendly jurisdictions. Amex has multiple highly prospective projects: the 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 116 adjacent claims covering 4518 hectares; the 100% owned Eastmain River gold properties consisting of 135 claims covering 7,102 hectares and the 100% owned Cameron project located in Lebel-sur-Quévillon, Quebec, comprising 263 claims covering 14,743 hectares. In addition, Amex has an option agreement to acquire a 100% interest in the Gowan Property located near the Kidd Creek Mine.
For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: 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 REPORTS 5 HIGH GRADE GOLD INTERSECTS WITHIN A 100 METER LONG INTERVAL IN FIRST FOLLOW UP DRILL HOLE ON THE EASTERN GOLD ZONE AT PERRON
MONTREAL, Canada – December 13, 2018 – Amex Exploration Inc. (“Amex or the Company”) (AMX: TSX-V; FRA: MX0) is very pleased to announce the results of the first drill hole of its ongoing follow-up drilling program on the Eastern Gold Zone (EGZ) at Perron (PE2018-15; i.e. Target 2018-X4: please refer to Fig.1).
High grade values were reported throughout with the first intersect starting at 28.66 g/t Au over 0.50 meter (from 374.8m to 375.3m) and finishing with 30.77 g/t Au over 0.55 meter (from 469.85m to 470.4m) (see Table 1).
Table 1: 2018 Winter Follow-up Drilling results on the EGZ from Hole PE2018-15
| Hole | From | To | Length (m) | Au (g/t) |
| PE2018-15 | 370.00 | 396.20 | 26.20 | 1.50 |
| PE2018-15 | 374.80 | 379.00 | 4.20 | 3.64 |
| PE2018-15 incl | 374.80 | 375.30 | 0.50 | 28.66* |
| PE2018-15 | 386.00 | 396.20 | 10.20 | 2.07 |
| PE2018-15 incl | 387.00 | 388.00 | 1.00 | 12.62 |
| PE2018-15 | 411.60 | 415.05 | 3.45 | 2.19 |
| PE2018-15 incl | 411.60 | 411.90 | 0.30 | 22.40* |
| PE2018-15 | 414.75 | 415.05 | 0.30 | 2.50* |
| PE2018-15 | 442.50 | 443.00 | 0.50 | 2.17* |
| PE2018-15 | 469.85 | 475.20 | 5.35 | 3.41 |
| PE2018-15 incl | 469.85 | 470.40 | 0.55 | 30.77* |
| PE2018-15 incl | 469.85 | 471.80 | 1.95 | 9.13 |
Interval intersected along the hole, undetermined true thickness.
*VG: Visible Gold or Coarse gold grains
This first hole of the ongoing follow-up drilling program on the EGZ (PE2018-15: target X4) intersected the EGZ at approximately midpoint between PE2017-01 and PE2017-03, which are separated by more than 250m. Therefore, the EGZ can now be followed from surface (from intersect in hole PE97s-35) down to a minimum vertical depth of 375 meters (from intersect in hole PE2017-03) on a minimum of strike length of at least 200 meters and still open in all directions.
To date, 3 additional holes have been completed (ie PE2018-16: X1; PE2018-17: X3 and PE2018-18: X9) and assay results are pending. It is important to note that VG grains have been also observed in each of these holes.
“Last year we discovered the EGZ, and based on the widths and high grade gold mineralization of the initial drilling results, we immediately knew this zone warranted a follow-up drilling program. At this point our exploration drilling has identified gold mineralization from surface down to a vertical depth of 375m which is still quite shallow for Quebec gold mining,” said Jacques Trottier PhD, Executive Chairman of Amex Exploration.
Trottier continued, “I am personally quite impressed by the fact that every hole we have drilled so far in the EGZ has contained not only VG grains, but sometimes in more than one intersect. This fact is even more impressive when one considers that the targeted distance between each hole is at least 100 meters. This is quite large spacing for gold exploration, giving us numerous targets for infill and extension drilling. This clearly shows the potential to build a sizable gold resource on the EGZ.”
The Company should be able to drill three additional holes before the Holiday Season. This Phase 1 of drilling totalling 2,617 meters is planned to be completed before the end of 2018.
As a reminder, this entire drilling program consists of 18 diamond drill holes (DDH) totalling 6,171 meters designed primarily to test the lateral and depth extensions of the known EGZ. In addition, the program is designed to test the continuity between the mineralized intersections of previous drill holes that intersected the EGZ (i.e. infill drilling). The planned intersection spacing, if successful, should enable us to establish a first estimate of a potential resource calculation of this Zone, once the drilling campaign is completed in the first Quarter of 2019.
FIGURE 1, Proposed drilling target 2018-2019
Maxime Bouchard M.Sc.A, Geologist of Laurentia Exploration, a Qualified Person as defined by Canadian NI 43-101, reviewed and approved the geological information of the current drilling reported in this news release. The drilling campaign and the quality control program has been planned and supervised by Maxime Bouchard and Amex’s management. The QAQC include insertion of blank or standard every 10 samples on average. The gold values are estimated by Fire Assay with finish by atomic absorption and value over 3 ppm Au are re-analysed by fire Assay with finish by gravimetry by Laboratoire Expert Inc, Rouyn-Noranda, 486 samples were submitted to Laboratoire Expert Inc. for gold and base metals. Samples with visible gold were analyse by metallic sieve to limit the nugget effect. Whole rock analysis are taken every 30 meters and at each major lithology change and will be submitted to ALS Laboratory. Core Logging and sampling was realized by Maxime Bouchard and Alizée Lienard M.Sc.A, Trainee Geologist of Laurentia Exploration.
About Amex
Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to develop and bring into production viable gold and base metals deposits in mining-friendly jurisdictions. Amex has multiple highly prospective projects: the 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 116 adjacent claims covering 4518 hectares; the 100% owned Eastmain River gold properties consisting of 135 claims covering 7,102 hectares and the 100% owned Cameron project located in Lebel-sur-Quévillon, Quebec, comprising 263 claims covering 14,743 hectares. In addition, Amex has an option agreement to acquire a 100% interest in the Gowan Property located near the Kidd Creek Mine.
For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: 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