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gold related news

AMEX EXPLORATION GOLD DISCOVERY INVESTOR NEWS

 

Montreal, Quebec--(Newsfile Corp. - August 9, 2021) - Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) ("Amex or the Company") is pleased to announce the discovery of a high-grade copper rich Volcanic Massive Sulphide (VMS) zone on its 100% owned Perron property located in the Abitibi region of Northern Québec. At the beginning of 2021, while continuing its definition and expansion drilling on orogenic gold targets, mainly on the Eastern Gold Zone (EGZ), Amex launched a small drill program to test the base metal potential of the Perron Property given its proximity to the historic Normétal Mine that produced 10.1 Mt @ 2.15% Cu, 5.12% Zn, 0.55 g/t Au and 45.25 g/t Ag - See Figure 1. The mineralization of the Amex discovery hole is similar to that of Normetal Mine. Drill Hole PEX-21-076, intersected a disseminated, semi-massive- to massive- sulphide zone that returned:

  • 2.40% Cu, 0.72% Zn, 0.27 g/t Au and 22.15 g/t Ag over 7.80 m, including 3.92% Cu, 1.20% Zn, 0.39 g/t Au and 35.99 g/t Ag over 4.40 m, of which 0.90 m returned 6.94% Cu, 4.65% Zn, 0.30 g/t Au and 73.00 g/t Ag (see Table 1).

Jacques Trottier, PhD, Executive Chairman of Amex Exploration, commented, "During my academic career I have evaluated VMS deposits around the world, including the Normétal mine next door, and I am very excited by what I am seeing here at Perron. VMS deposits are one of the richest sources of copper, lead and zinc globally and often produce economic amounts of gold and silver as by-products. In addition to the discovery hole, we have core from a follow-up drill hole PEX-21-083, located about 70 metres deeper, which is at the lab for assay and which shares the same visual characteristics and core length as discovery hole PEX-21-076."

Trottier Continued, "Should this discovery lead to the development of a deposit it has the potential to be a company maker on its own. We are obviously very excited by this opportunity for Amex. Our VMS discovery is 100% accretive to the high-grade gold zones which we are currently drilling off at Perron and provides our shareholders and investors with exposure to highly sought-after copper-rich base metal discoveries."

The Perron Property was explored for base metals since the 1960s by several mining companies. Drilling campaigns were mainly focused on the western caldera of the Normétal Volcanic Complex. More recently exploration focused on the Normétal Mine Sequence, which is present over more than 4.5 km within the Perron property (Figure 1).

During the re-evaluation of the VMS potential by Amex in early 2021, all historical data were compiled and re-evaluated to define the best drill targets available. The lithogeochemical data and the study of the historical logs have allowed a reclassification of the rocks and a redefinition of the stratigraphy of the Mine Sequence present on the Property. The use of major elements allowed the most altered sector of the property to be vectorized (Figure 2). A strongly sericitized alteration halo of more than 1 km of lateral extension overprints the rhyolite units while the dominantly intermediate volcaniclastics of the Mine Sequence shows a dominance of chlorite alteration. By putting this information in longitudinal section (Figure 3A), a mineralized lens was outlined on surface marked by 0.25-1.50 m thick semi-massive sulphide intersections dominated by pyrite and locally rich in Cu (e.g. historical DDH 163-15-015: 2.15% Cu over 1.50 m). Furthermore, this near-surface "semi-massive root" is highlighted by the alignment of several discrete EM anomalies (VTEM survey, Figure 2). Overall a large proportion of the historical holes showed hydrothermal alteration typical of VMS mineralization (sericite and chlorite +/- garnet) down to 750 m vertical. Zn values were intersected at depth (163-15-022 and 163-15-023 - Figure 3A) but associated with disseminations and stringers-like mineralization (absence of SMS-MS). A new interpretation, brought about in this 2021 campaign, was to define a target with a lateral extension of approximately 200 m and a 75° plunge to the east.

Discovery hole PEX-21-076, planned along this plunge, intersected a disseminated- to massive- sulphide zone that returned 2.40% Cu, 0. 72% Zn, 0.27 g/t Au and 22.15 g/t Ag over 7.80 m, including 3.92% Cu, 1.20% Zn, 0.39 g/t Au and 35.99 g/t Ag over 4.40 m, of which 0.90 m returned 6.94% Cu, 4.65% Zn, 0.30 g/t Au and 73.00 g/t Ag (see Table 1). The mineralized lens is dominated by a chalcopyrite-pyrrhotite-pyrite-(sphalerite) assemblage (Figure 4), with typical VMS metal zonation near the core with chalcopyrite-pyrrhotite-(magnetite) at the base and pyrite-sphalerite at the top. It is hosted at the interface between an intermediate ash to lapilli tuff strongly altered (pipe like) in magnesian chlorite over about ten meters (footwall) and a rhyodacitic tuff (hanging wall) of transitional to calc-alkaline affinity. The follow-up hole (PEX-21-083) also intersected this same disseminated- to massive- sulphide mineralization of similar thickness and visually as rich in copper, at approximately 70 metres deeper. This confirms the continuity of this mineralized system in terms of thickness and metal content and introduce the new discovery zone named the QF Zone. The Company is awaiting assay results on this follow-up hole and is preparing to expand upon the discovery with additional drilling. In addition, several drill holes have been pulsed (BHEM) to generate EM anomaly plates to guide our further definition of this mineralized lens which indicate possible extensions of the mineralization in all directions (see Figure 3B). Nevertheless, Amex's exploration strategy remains focused on its Eastern Gold Zone definition and expansion program with a goal of releasing a compliant resource estimate in early 2022.

Table 1: Assay results from the QF Zone at Perron

Hole ID From (m) To (m) Length (m) Cu (%) Zn (%) Au (g/t) Ag (g/t) Zone
PEX-21-071 234.95 235.80 0.85 0.44 0.17 0.03 2.90 VMS
PEX-21-074 286.20 288.00 1.80 0.89 0.08 0.16 4.89 VMS
Including 286.20 287.05 0.85 1.27 0.11 0.31 6.00
PEX-21-076 663.10 670.90 7.80 2.40 0.72 0.27 22.15 VMS
Including 666.50 670.90 4.40 3.92 1.22 0.39 35.99
Including 670.00 670.90 0.90 6.94 4.65 0.30 73.00

 

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Figure 1: Geological map of the Normétal Volcanic Complex, with the location of the Perron Property and the new VMS discovery (named the QF Zone).

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Figure 2: Geological compilation map of the target VMS area of the Perron property located within the Normétal Mine Sequence containing the QF Zone. Hydrothermal alteration indexes, generated during the reworking of historical data, are plotted along drill holes with whole rock analysis available. CCPI (Chlorite Carbonate Pyrite Index: Large et al. 2001) = 100*(MgO+FeO)/(MgO+FeO+Na2O+K2O); AI (Alteration Index: Ishikawa et al., 1976) = 100*(K2O+MgO)/(MgO+FeO+Na2O+K2O).

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Figure 3A and 3B: Long section of the QF Zone. A) All drill holes intersections with an emphasis on grades and mineralization typology. B) All drill holes intersections with an emphasis on borehole electromagnetic (BHEM) anomalies. Abbreviations: MS - Massive sulphides; SMS - Semi-massive sulphides; Po - Pyrrhotite; Py - Pyrite; VTEM - Versatile Time Domain Electromagnetic.

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Figure 4A: Photographs of the massive to disseminated sulphides Cu-rich lens intersected in drill hole PEX-21-076. Abbreviations : Cp - Chalcopyrite; Mt - Magnetite; MS - Massive sulphides; Sp - Sphalerite; Po - Pyrrhotite; Py - Pyrite.

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Figure 4B: Photographs of the massive to disseminated sulphides Cu-rich lens intersected in drill hole PEX-21-083.

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What is a VMS Deposit?

Volcanogenic Massive Sulphide ore deposits (or VMS deposits) are one of the richest sources of base metals such as copper, lead, and zinc. VMS deposits can also produce economic amounts of gold and silver as byproducts of mining them. There are just over 900 VMS deposits worldwide. Based on these current and historical known deposits the average deposit would have a tonnage of 17 million tonnes of ore at approximately 1.7% copper, 3.1% zinc and 0.7% lead.

VMS deposits often form in clusters, or camps, following the tectonic plate boundaries in areas of ancient underwater volcanic activity. Several large VMS camps are known in Canada. In the vicinity of Amex' Perron project, the past-producing Normetal Mine produced 10.1 Mt @ 2.15% Cu, 5.12% Zn, 0.55 g/t Au and 45.25 g/t Ag for over 50 years of mine life. The high-grade deposits within these camps are often in the range of five to 20 million tonnes of ore and can be much larger.

Qualified Person

Maxime Bouchard P.Geo. M.Sc.A., (OGQ 1752) and Jérôme Augustin P.Geo. Ph.D., (OGQ 2134), Independent Qualified Persons as defined by Canadian NI 43-101 standards, have reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard and Jérôme Augustin. Core logging and sampling were completed by Laurentia Exploration. The quality assurance and quality control protocol include insertion of one blank, one standard and one duplicate every 10 samples, in addition to the regular insertion of blank, duplicate, and standard samples accredited by ALS Canada Ltd. during the analytical process. Additionally, sample weight is taken prior shipment to validate sample identity. Gold values are estimated by fire assay with finish by atomic absorption. Zinc, Copper and Silver values are estimated by four acid digestion multi elements Inductively Coupled Plasma - Atomic Emission Spectroscopy (ICP-AES), ME-ICP61. Zinc values over 1%, copper values over 1% and silver values over 100 g/t are estimated by four acid digestion ICP-AES, OG62. The Qualified Person has not completed sufficient work to verify the historic information on the Property, particularly in regards to historical drill results. However, the Qualified Person believes that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.

About Amex

Amex Exploration Inc. is a junior mining exploration company of interest to gold investors and those looking to invest in gold exploration opportunities. Amex's primary objective is to acquire, explore, and develop viable gold projects in Quebec Canada, a mining-friendly jurisdiction. Amex is focused on its 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 117 contiguous claims covering 4,518 hectares. A number of significant gold discoveries in Quebec have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals exploration in the Abitibi region of Quebec, Canada and elsewhere in the province.

For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: +1-514-866-8209

Neither the 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.

Forward-looking statements:

This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program on the HGZ and Denise Zone, the expected positive exploration results, the extension of the mineralized zones, the timing of the exploration results, the ability of the Company to continue with the exploration program, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "to earn", "to have', "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company's annual Management's Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

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Highlights from the Deeper (Eastern) High Grade Zone include:

  • 102.07 g/t Au over 6.10 m, including 822.49 g/t Au over 0.60 m, for a metal factor of 623 at a vertical depth of approximately 870 m in hole PE-21-386W1;
  • 29.62 g/t Au over 8.40 m, including 333.42 g/t Au over 0.50 m, for a metal factor of 249 at a vertical depth of approximately 1,120 m in hole PE-21-318;
  • 37.59 g/t Au over 6.20 m, including 356.58 g/t Au over 0.50 m, for a metal factor of 233 at a vertical depth of approximately 1,070 m in hole PE-21-287;
  • 17.01 g/t Au over 7.40 m, including 136.18 g/t Au over 0.75 m, for a metal factor of 126 at a vertical depth of approximately 500 m in hole PE-21-360;
  • 10.21 g/t Au over 7.40 m, including 109.53 g/t Au over 0.60 m, for a metal factor of 76 at a vertical depth of approximately 660 m in hole PE-21-360W1;
  • 4.46 g/t Au over 15.60 m, including 89.14 g/t Au over 0.50 m, for a metal factor of 70 at a vertical depth of approximately 660 m in hole PE-20-165W2;
  • 10.25 g/t Au over 6.10 m, including 53.71 g/t Au over 0.50 m, for a metal factor of 63 at a vertical depth of approximately 910 m in hole PE-21-301W1.

Highlights from the Shallower (Western) High Grade Zone include:

  • 84.02 g/t Au over 5.60 m, including 540.06 g/t Au over 0.50 m and 386.58 g/t Au over 0.50 m, for a metal factor of 471 at a vertical depth of approximately 170 m in hole PE-21-391;
  • 21.75 g/t Au over 14.90 m, including 136.06 g/t Au over 1.95 m, for a metal factor of 324 at a vertical depth of approximately 190 m in hole PE-21-367;
  • 11.97 g/t Au over 6.95 m, including 77.51 g/t Au over 1.00 m, for a metal factor of 83 at a vertical depth of approximately 120 m in hole PE-21-371.

Montreal, Quebec--(Newsfile Corp. - September 7, 2021) - Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) ("Amex or the Company") is pleased to announce the results from a multitude of drill holes focused on expansion and definition drilling of the High Grade Zone (HGZ). See Figure 1 for a plan view of the geology of the EGZ and the mineralized zones.

Today's results are focused on on-strike expansion as well as definition drilling of the High Grade Zone as the Company works towards its maiden resource on the Perron Project. A complete list of results is available in Table 1 and presented in Figures 2, 3, and 4. Photos of visible gold in selected drill holes are presented in Figure 5. In addition to the results detailed below, Amex is awaiting results on over 17,359 samples at three labs from holes targeting the HGZ and Denise, as well as regional exploration drilling.

Jacques Trottier, PhD, Executive Chairman of Amex Exploration commented, "I am very excited with today's results for several reasons. Firstly, we have drilled the highest grade hole at depth to date with hole PE-21-386W1 returning 102.07 grams per tonne of gold over 6.10 metres. We can now trace the high grade core of the HGZ over 800 vertical metres which is a very significant development in the expansion of this important zone. Also, it clearly demonstrates the zone is richer at depth and wider along strike. In addition to this very high-grade drill hole, our shallower drilling on the Western portion of the HGZ has significantly expanded the 'bonanza' area of the HGZ proving the super high grade core is continuous."

Trottier adds, "The HGZ is becoming one of the richest single gold zones of all the Canadian Archean orogenic gold deposits ever discovered. Almost every hole we drill confirms expansion, both laterally and vertically and significantly increases its overall grade and gold content per vertical meter. In addition to this, we recently reported a new copper rich VMS zone. Follow us closely, we are delivering and awaiting results from 18 holes which contain visible gold."

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Figure 1: Plan view of the geology of the Eastern Gold Zone comprised of the High Grade Zone and the Denise Zone

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Figure 2: Longitudinal section of the High Grade Zone, with today's released hole locations in green

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Figure 3: Closeup longitudinal section of the Upper (western) High Grade Zone

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Figure 4: Closeup longitudinal section of the Deeper (Eastern) High Grade Zone


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Figure 5: Photos of visible gold from a number of today's released drill holes

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Table 1: Assay results from the High Grade Zone at Perron

Hole ID From (m) To (m) Length (m) Au (g/t) Vertical Depth (m) Zone
PE-21-386W1 939.00 945.10 6.10 102.07 ~870
Eastern HGZ
Including 943.90 944.50 0.60 822.49
Including 944.50 945.10 0.60 206.09
PE-21-318 1207.15 1215.55 8.40 29.62 ~1120
Including 1207.15 1209.25 2.10 115.99
Including 1208.75 1209.25 0.50 333.42
PE-21-287 1175.80 1182.00 6.20 37.59 ~1070
Including 1175.80 1176.30 0.50 61.29
Including 1176.30 1176.80 0.50 356.58
PE-21-360 569.45 576.85 7.40 17.01 ~500
Including 569.45 570.20 0.75 136.18
PE-21-360W1 554.35 561.75 7.40 10.21 ~490
Including 561.15 561.75 0.60 109.53
PE-20-165W2 713.00 728.60 15.60 4.46 ~660
Including 728.10 728.60 0.50 89.14
PE-21-301W1 1054.40 1060.50 6.10 10.25 ~910
Including 1055.20 1055.70 0.50 53.71
PE-21-294 847.50 857.60 10.10 3.92 ~750
Including 851.65 852.15 0.50 63.67
PE-21-286 822.80 825.50 2.70 13.37 ~720
Including 823.30 823.80 0.50 59.16
PE-21-300 865.75 869.40 3.65 4.62 ~770
Including 865.75 866.25 0.50 21.34
PE-21-340 487.10 495.20 8.10 2.08 ~420
Including 494.60 495.20 0.60 25.97
PE-21-347 1095.00 1103.50 8.50 1.81 ~1040
Including 1095.00 1096.10 1.10 7.13
PE-20-229W2 1279.60 1289.90 10.30 1.21 ~1170
Including 1282.35 1283.00 0.65 6.17
PE-21-300W1 852.80 863.10 10.30 1.14 ~760
Including 862.60 863.10 0.50 13.69
PE-21-271 323.60 324.20 0.60 6.76 ~275
PE-21-307 513.90 515.10 1.20 1.22 ~440

 

Hole ID From (m) To (m) Length (m) Au (g/t) Vertical Depth (m) Zone
PE-21-391 213.90 219.50 5.60 84.02 ~170 Western HGZ
Including 218.50 219.00 0.50 540.46
Including 219.00 219.50 0.50 386.58
PE-21-367 211.10 226.00 14.90 21.75 ~190
Including 211.10 212.10 1.00 53.41
Including 221.85 223.80 1.95 136.06
PE-21-371 145.50 152.45 6.95 11.97 ~120
Including 150.35 151.35 1.00 77.51
PE-21-373 157.50 158.00 0.50 79.28 ~130
PE-21-356 203.00 210.10 7.10 3.73 ~160
Including 209.25 210.10 0.85 29.86
PE-21-349 230.50 231.75 1.25 8.07 ~180
PE-21-350 110.00 120.50 10.50 0.83 ~90
PE-21-354 120.00 130.20 10.20 0.73 ~100
PE-21-297 143.90 145.00 1.10 4.36 ~120
PE-21-366 733.85 742.80 8.95 0.48 ~660
PE-21-336 664.80 665.30 0.50 8.64 ~620
PE-21-324 176.65 178.15 1.50 2.43 ~160
PE-21-362 204.50 206.45 1.95 1.37 ~160
PE-21-376 139.15 142.00 2.85 0.84 ~110
PE-21-370 114.50 116.00 1.50 0.56 ~80

 *Note that drill results are presented uncapped and lengths represent core lengths. True width is estimated to be ~70-80% in HGZ. Metal factor is defined to gold grade multiplied by core length.

Qualified Person

Maxime Bouchard, P.Geo. M.Sc.A., (OGQ 1752) and Jérôme Augustin, P.Geo. Ph.D., (OGQ 2134), Independent Qualified Persons as defined by Canadian NI 43-101 standards, have reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard and Jérôme Augustin. The quality assurance and quality control protocol include insertion of blank or standard every 10 samples on average, in addition to the regular insertion of blank, duplicate, and standard samples accredited by Laboratoire Expert during the analytical process. Gold values are estimated by fire assay with finish by atomic absorption and values over 3 ppm Au are reanalyzed by fire assay with finish by gravimetry by Laboratoire Expert Inc, Rouyn-Noranda. Samples containing visible gold mineralization are analyzed by metallic sieve. For additional quality assurance and quality control, all samples were crushed to 90% less than 2 mm prior to pulverization, in order to homogenize samples which may contain coarse gold. Core logging and sampling were completed by Laurentia Exploration.

About Amex

Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold projects in the mining-friendly jurisdiction of Quebec. Amex is focused on its 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 117 contiguous claims covering 4,518 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and elsewhere in the province.

For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: 514-866-8209

Neither the 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.

Forward-looking statements:

This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program on the HGZ and Denise Zone, the expected positive exploration results, the extension of the mineralized zones, the timing of the exploration results, the ability of the Company to continue with the exploration program, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "to earn", "to have', "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company's annual Management's Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

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Montreal, Quebec--(Newsfile Corp. - September 21, 2021) - Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF)  ("Amex or the Company") is pleased to announce the results of its first follow-up drillhole on the copper rich volcanogenic massive sulphide ('VMS') QF zone. The QF Zone occurs along the Normétal Mine Horizon which is a kilometric tuffaceous unit that host the nearby past-producing Normétal Mine as shown in Figure 1. Recall that the QF Zone discovery drillhole, PEX-21-076, returned 2.40% copper, 0.72% zinc, 0.27 g/t gold and 22.15 g/t silver over 7.80 m as announced on August 9, 2021. Today's results from drillhole PEX-21-083, which is approximately 65 metres deeper than the discovery hole, returned 1.93% Cu, 0.15% Zn, 0.28 g/t Au, and 14.0 g/t Ag over 8.0 metres, including a high-grade core of 3.40% Cu, 0.25% Zn, 0.48 g/t Au, and 24.31 g/t Ag over 4.55 metres, which confirms both the width and grade of the discovery hole as shown in Figures 2, 3, & 4 and Table 1.

Dr. Jacques Trottier, Executive Chairman of Amex, commented, "I am very pleased to have essentially replicated the widths and strong grades of the discovery hole with a vertical step down by 65 metres. This successful follow-up drill hole confirms that this mineralization could be of significant size and we are enthusiastically looking forward to the results of this follow up drilling phase. We have since drilled additional holes targeting the on-strike and vertical extensions of this mineralization. The similarity in grade of the QF Zone holes announced to date to the past-producing 10.1 million tonne Normétal Mine is especially encouraging. On the backs of the successes to date on this zone, Amex has allocated an additional 5,000 metres of drilling to further test this copper-rich sulfide zone."

In 2021, Amex conducted a small exploration program focused on the Normétal Mine Sequence, which is present over more than 4.5 km long within the Perron property. The QF Zone represents one of several similar targets that occur along the Normétal Mine Sequence on the Perron project.

Table 1: Assay results from the QF Zone at Perron

Hole ID From (m) To (m) Length (m) Cu (%) Zn (%) Au (g/t) Ag (g/t) Zone
PEX-21-083 712.70 720.70 8.00 1.93 0.15 0.28 14.00 QF Zone
Including 712.70 717.25 4.55 3.40 0.25 0.48 24.31
*PEX-21-076 663.10 670.90 7.80 2.40 0.72 0.27 22.15 QF Zone
Including 666.50 670.90 4.40 3.92 1.22 0.39 35.99
Including 670.00 670.90 0.90 6.94 4.65 0.30 73.00

 
Core lengths are reported; true widths are currently unknown. *PEX-21-076 was previously released on August 9, 2021



Figure 1: Geological map of the Normétal Volcanic Complex, with the location of the Perron Property and the new VMS discovery (named the QF Zone). Modified from Lafrance et al., 2000.

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Figure 2: Geological compilation map of the target VMS area of the Perron property located within the Normétal Mine Sequence containing the QF Zone. Hydrothermal alteration indexes, generated during the reworking of historical data, are plotted along drillholes with whole rock analysis available. CCPI (Chlorite Carbonate Pyrite Index : Large et al. 2001) = 100*(MgO+FeO)/(MgO+FeO+Na2O+K2O); AI (Alteration Index : Ishikawa et al., 1976) = 100*(K2O+MgO)/(MgO+FeO+Na2O+K2O). Geology is modified from Sigéom.

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Figure 3A and 3B: Long section of the QF Zone. A) All drill holes intersections with an emphasis on grades and mineralization typology. B) All drillholes intersections with an emphasis on borehole electromagnetic (BHEM) anomalies. Abbreviations: MS - Massive sulphides; SMS - Semi-massive sulphides; Po - Pyrrhotite; Py - Pyrite; VTEM - versatile Time Domain Electromagnetic.

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Figure 4: Photographs of the massive to disseminated sulphides Cu-rich lens intersected in drill hole PEX-21-083. Abbreviations : Cp - Chalcopyrite; MS - Massive sulphides; Sp - Sphalerite; Po - Pyrrhotite; Py - Pyrite

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Qualified Person

Maxime Bouchard P.Geo. M.Sc.A., (OGQ 1752) and Jérôme Augustin P.Geo. Ph.D., (OGQ 2134), Independent Qualified Persons as defined by Canadian NI 43-101 standards, have reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard and Jérôme Augustin. Core logging and sampling were completed by Laurentia Exploration. The quality assurance and quality control protocol include insertion of one blank, one standard and one duplicate every 10 samples, in addition to the regular insertion of blank, duplicate, and standard samples accredited by ALS Canada Ltd. during the analytical process. Additionally, sample weight is taken prior shipment to validate sample identity. Gold values are estimated by fire assay with finish by atomic absorption. Zinc, Copper and Silver values are estimated by four acid digestion multi elements Inductively Coupled Plasma - Atomic Emission Spectroscopy (ICP-AES), ME-ICP61. Zinc values over 1%, copper values over 1% and silver values over 100 g/t are estimated by four acid digestion ICP-AES, OG62. The Qualified Person has not completed sufficient work to verify the historic information on the Property, particularly in regards to historical drill results. However, the Qualified Person believes that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.

About Amex

Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold projects in the mining-friendly jurisdiction of Quebec. Amex is focused on its 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 117 contiguous claims covering 4,518 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and elsewhere in the province.

For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: +1-514-866-8209

Neither the 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.

Forward-looking statements:

This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program on the HGZ and Denise Zone, the expected positive exploration results, the extension of the mineralized zones, the timing of the exploration results, the ability of the Company to continue with the exploration program, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "to earn", "to have', "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company's annual Management's Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

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Highlights from the Shallow (Western) High Grade Zone include:

  • 43.74 g/t Au over 6.90 m, including 531.99 g/t Au over 0.50 m, for a metal factor of 302 at a vertical depth of 350 m in hole PE-21-409;
  • 76.61 g/t Au over 3.50 m, including 530.97 g/t Au over 0.50 m, for a metal factor of 268 at a vertical depth of 480 m in hole PE-21-383W1;
  • 36.02 g/t Au over 6.55 m, including 218.15 g/t Au over 1.05 m, for a metal factor of 236 at a vertical depth of 250 m in hole PE-21-392;
  • 102.43 g/t Au over 1.80 m, including 357.30 g/t Au over 0.50 m, for a metal factor of 184 at a vertical depth of 300 m in hole PE-21-413;
  • 9.46 g/t Au over 6.25 m for a metal factor of 59 at a vertical depth of 160 m in hole PE-21-378;
  • 7.87 g/t Au over 6.40 m, including 74.47 g/t Au over 1.00 m, for a metal factor of 50 at a vertical depth of 330 m in hole PE-21-399;
  • 4.65 g/t Au over 10.65 m for a metal factor of 50 at a vertical depth of 650 m in hole PE-21-410.

Highlights from the Deep (Eastern) High Grade Zone include:

  • 28.64 g/t Au over 5.00 m for a metal factor of 143 at a vertical depth of 850 m in hole PE-21-386;
  • 15.63 g/t Au over 6.40 m, including 86.16 g/t Au over 1.00 m, for a metal factor of 100 at a vertical depth of 965 m in hole PE-21-404;
  • 14.78 g/t Au over 8.30 m, including 113.56 g/t Au over 1.05 m, for a metal factor of 123 at a vertical depth of 690 m in hole PE-21-403W1;
  • 14.85 g/t Au over 5.00 m for a metal factor of 74 at a vertical depth of 330 m in hole PE-21-412; and
  • 7.18 g/t Au over 7.70 m for a metal factor of 55 at a vertical depth of 1,000 m in hole PE-21-347W1.

Montreal, Quebec--(Newsfile Corp. - October 13, 2021) - Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) ("Amex or the Company") is pleased to announce a total of 26 drill holes focused on expansion and definition drilling of the High Grade Zone on the Perron Project. See Figure 1 for a plan view of the geology of the EGZ and the mineralized zones.

Today's results are focused on on-strike expansion as well as definition drilling of the High Grade Zone as the Company works towards its maiden resource on the Perron Project. A complete list of results is available in Tables 1 & 2 and presented in Figures 2, 3, & 4. Photos of visible gold in select drillholes are presented in Figure 5. In addition to the results detailed below, Amex is awaiting results on over 14,200 samples at three labs from holes targeting the HGZ, Denise, QF Zone, and Grey Cat Zone, as well as regional exploration drilling.

Jacques Trottier, PhD, Executive Chairman of Amex Exploration commented, "I am very excited with today's results for several reasons. Firstly, the highest metal factor hole in this release, PE-21-409 returning 43.74 g/t Au over 6.90 m, comes from an area of the shallower HGZ that had previously thought to be lower grade as shown in Figure 3. Three additional intercepts, PE-21-418, PE-21-399 and PE-383W1, also confirm the high grade potential in this "lower grade" area that should add significant ounces to the eventual resource estimate. Secondly, our drilling at depth continues to reaffirm our interpretation of strong continuity and a larger "envelope" of greater than 50 metal factor mineralization. Amex has a number of drillholes pending from the High Grade Zone as well as across the project and we look forward to receiving the outstanding results."

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Figure 1: Plan view of the geology of the Eastern Gold Zone comprised of the High Grade Zone and the Denise Zone

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Figure 2: Longitudinal section of the High Grade Zone, with today's released hole locations in green.

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Figure 3: Closeup longitudinal section of the Upper (western) High Grade Zone

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Figure 4: Closeup longitudinal section of the Deeper (Eastern) High Grade Zone

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Figure 5: Photos of visible gold from a number of today's released drill holes

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Table 1: Assay results from the Western (Shallower) High Grade Zone at Perron

Hole ID From (m) To (m) Length (m) Au (g/t) Vertical Depth (m) Metal Factor (g/t*m) Zone
PE-21-409 374.90 381.80 6.90 43.74 350.00 302 Western (Shallower) HGZ
Including 380.00 380.80 0.80 29.78
Including 380.80 381.30 0.50 531.99
PE-21-383W1 538.50 542.00 3.50 76.61 480.00 268
Including 540.00 540.50 0.50 530.97
PE-21-392 297.50 304.05 6.55 36.02 250.00 236
Including 302.50 303.55 1.05 218.15
PE-21-413 338.20 340.00 1.80 102.43 300.00 184
Including 338.70 339.20 0.50 357.30
PE-21-378 214.75 221.00 6.25 9.46 160.00 59
Including 219.40 220.45 1.05 44.49
PE-21-399 351.90 358.30 6.40 7.87 330.00 50
Including 357.80 358.30 1.00 74.47
PE-21-410 720.00 730.65 10.65 4.65 650.00 50
Including 722.85 723.75 0.90 24.22
PE-21-421 466.00 474.90 8.90 4.52 440.00 40
Including 474.40 474.90 0.50 74.96
PE-21-418 343.75 351.00 7.25 3.94 320.00 29
Including 348.95 349.75 0.80 30.23
PE-21-390 198.20 205.00 6.80 2.33 160.00 16
Including 202.90 203.50 0.60 23.32
PE-21-385 212.00 220.25 8.25 2.80 170.00 23
Including 219.75 220.25 0.50 25.52
PE-21-383 551.80 561.00 9.20 0.72 490.00 6
PE-21-420 667.50 669.55 2.05 8.88 590.00 18
Including 667.50 668.20 0.70 23.97

 

*Note that drill results are presented uncapped and lengths represent core lengths. True width is estimated to be ~70-80% in HGZ. Metal factor is defined as gold grade multiplied by core length.

Table 2: Assay results from the Eastern (Deeper) High Grade Zone at Perron

Hole ID From (m) To (m) Length (m) Au (g/t) Vertical Depth (m) Metal Factor (g/t*m) Zone
PE-21-386 929.50 934.50 5.00 28.64 850.00 143 Eastern (Deep) HGZ
Including 932.75 934.50 1.75 79.06
PE-21-404 1062.00 1068.40 6.40 15.63 965.00 100
Including 1062.90 1063.90 1.00 86.16
PE-21-403W1 783.50 791.80 8.30 14.78 690.00 123
Including 786.90 787.95 1.05 113.56
PE-21-412 415.00 420.00 5.00 14.85 330.00 74
Including 418.75 419.50 0.75 89.62
PE-21-347W1 1080.30 1088.00 7.70 7.18 1000.00 55
Including 1080.30 1081.00 0.70 54.78
PE-21-347W2 1095.60 1104.50 8.90 5.50 1040.00 49
Including 1095.60 1098.10 2.50 18.14
PE-21-423 424.30 428.40 4.10 9.44 340.00 39
PE-21-403 790.20 793.30 3.10 5.41 700.00 17
Including 792.80 793.30 0.50 31.43
PE-21-393 483.40 484.05 0.65 29.89 410.00 19
PE-21-389 485.50 487.00 1.50 7.55 410.00 11
PE-21-400 460.00 464.10 4.10 1.37 380.00 6
PE-21-408 419.35 420.40 1.05 0.70 340.00 1
PE-21-419 415.00 419.95 4.95 2.06 330.00 10

 

*Note that drill results are presented uncapped and lengths represent core lengths. True width is estimated to be ~70-80% in HGZ. Metal factor is defined as gold grade multiplied by core length.

Qualified Person
Maxime Bouchard P.Geo. M.Sc.A., (OGQ 1752) and Jérôme Augustin P.Geo. Ph.D., (OGQ 2134), Independent Qualified Persons as defined by Canadian NI 43-101 standards, have reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard and Jérôme Augustin. The quality assurance and quality control protocol include insertion of blank or standard every 10 samples on average, in addition to the regular insertion of blank, duplicate, and standard samples accredited by Laboratoire Expert during the analytical process. Gold values are estimated by fire assay with finish by atomic absorption and values over 3 ppm Au are reanalyzed by fire assay with finish by gravimetry by Laboratoire Expert Inc, Rouyn-Noranda. Samples containing visible gold mineralization are analyzed by metallic sieve. For additional quality assurance and quality control, all samples were crushed to 90% less than 2 mm prior to pulverization, in order to homogenize samples which may contain coarse gold. Core logging and sampling were completed by Laurentia Exploration.

About Amex
Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold projects in the mining-friendly jurisdiction of Quebec. Amex is focused on its 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 117 contiguous claims covering 4,518 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and elsewhere in the province.

For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: +1-514-866-8209

Neither the 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.

Forward-looking statements:

This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program on the HGZ and Denise Zone, the expected positive exploration results, the extension of the mineralized zones, the timing of the exploration results, the ability of the Company to continue with the exploration program, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "to earn", "to have', "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company's annual Management's Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

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Highlights from the Denise Zone include:

  • 8.25 g/t Au over 44.80 m, including 602.00 g/t Au over 0.50 m, at a vertical depth of ~230 m in hole PE-21-337;
  • 1.22 g/t Au over 64.75 m, including 10.96 g/t Au over 3.55 m, at a vertical depth of ~200 m in hole PE-21-305;
  • 2.38 g/t Au over 6.50 m at a vertical depth of 260 m in hole PE-21-291;
  • 1.36 g/t Au over 10.50 m at a vertical depth of 335 m in hole PE-21-311;
  • 1.55 g/t Au over 8.50 m at a vertical depth of 230 m in hole PE-21-285;
  • 1.41 g/t Au over 9.00 m at a vertical depth of 340 m in hole PE-21-382;
  • 2.01 g/t Au over 6.50 m at a vertical depth of 290 m in hole PE-21-369;
  • 2.65 g/t Au over 9.90 m at a vertical depth of 40 m in hole PE-21-368;
  • 1.50 g/t Au over 19.70 m at a vertical depth of ~30 m in hole PE-21-364; and
  • 0.76 g/t Au over 37.55 m at a vertical depth of ~100 m in hole PE-21-374.

Montreal, Quebec--(Newsfile Corp. - November 11, 2021) - Amex Exploration Inc. (TSXV: AMX) (FRA: MX0) (OTCQX: AMXEF) ("Amex or the Company") is pleased to announce a total of 36 drill holes focused on expansion and definition drilling of the Denise Zone ("Denise"), part of the Eastern Gold Zone ("EGZ"), of the Perron Project. See Figure 1 for a plan view of the geology of the EGZ and the mineralized zones.

Today's results are focused on near surface and on-strike expansion as well as definition drilling of the Denise Zone as the Company works towards its maiden resource on the Perron Project. A complete list of results is available in Table 1 and presented in Figure 2. In addition to the results detailed below, Amex is awaiting results on over 9,500 samples at three labs from holes targeting the HGZ, Denise, QF Zone, and Grey Cat Zone, as well as regional exploration drilling.

Jacques Trottier, PhD, Executive Chairman of Amex Exploration commented, "We are very pleased to see Denise growing as this Zone has the potential to add meaningful near surface ounces to the overall gold resource at Perron. Today's results indicate that Denise is a system that exhibits both low-grade bulk tonnage and higher-grade vein type tendencies. This will provide optionality for future potential mining scenarios."

Trottier continued, "One of the major near-term goals of our coming winter drilling season is to test the expansion potential of Denise to the East along strike for at least a kilometre. Last year in July we reported in holes PE-21-262, 270, 273, and 277, all of which expand the Denise Zone eastward and even to the east of a cross-cutting late diabase dyke. There has been very little drilling to the east, as shown in Figure 1, due to better access in winter and permitting requirements. Having already intercepted gold along this trend we view this as a top priority for the coming drilling."

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Figure 1: Plan view of the geology of the Eastern Gold Zone comprised of the High Grade Zone and the Denise Zone

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Figure 2: Longitudinal section of the Denise Zone, with today's released hole locations in green and/or labelled on the longitudinal. Assay results are presented in core length (m). True width is approximately 70-80% of reported intercepts. Metal factor is defined as gold grade multiplied by core length.


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Table 1: Assay results from the Denise Zone at Perron

Denise Zone Results
Hole ID From (m) To (m) Length (m) Au (g/t) Zone Vertical depth (m)
PE-21-337 255.20 300.00 44.80 8.25 Denise Zone ~230 and 270
Including 255.20 255.70 0.50 602.00
And 339.70 340.20 0.50 34.29
PE-21-305 199.85 264.60 64.75 1.22 Denise Zone ~200 and 270
Including 205.00 208.55 3.55 10.96
And 356.50 357.00 0.50 41.75
PE-21-291 327.00 333.50 6.50 2.38 Denise Zone ~260
Including 333.00 333.50 0.50 25.87
PE-21-322 274.50 277.50 3.00 2.38 Denise Zone ~230 and 260
And 305.70 319.50 13.80 1.12
Including 310.30 311.30 1.00 6.82
PE-21-311 373.55 377.35 3.80 1.93 Denise Zone ~320 and 335
And 405.00 415.50 10.50 1.36
Including 415.00 415.50 0.50 22.08
PE-21-285 269.50 274.00 4.50 1.51 Denise Zone ~200 and 230
Including 269.50 270.00 0.50 11.76
And 321.00 329.50 8.50 1.55
PE-21-354 208.40 238.05 29.65 0.54 Denise Zone ~150 and 180
Including 222.00 226.20 4.20 2.88
PE-21-382 309.00 312.00 3.00 6.23 Denise Zone ~260 and 340
And 412.50 421.50 9.00 1.41
PE-21-381 345.00 348.00 3.00 3.89 Denise Zone ~280
PE-21-369 195.00 199.50 4.50 1.38 Denise Zone ~160 and 290
And 230.10 230.60 0.50 31.87
And 343.10 349.60 6.50 2.01
PE-21-368 66.70 76.60 9.90 2.65 Denise Zone ~40 and 180
And 226.90 227.40 0.50 25.47
PE-21-364 33.00 52.70 19.70 1.50 Near Surface Denise Zone ~30
Including 52.20 52.70 0.50 44.11
PE-21-374 101.45 139.00 37.55 0.76 Near Surface Denise Zone ~100
Including 105.00 109.50 4.50 2.66
PE-21-279 57.00 57.50 0.50 0.80 Near Surface Denise Zone ~40
PE-21-278 150.40 150.90 0.50 1.12 Near Surface Denise Zone ~100
PE-21-363 81.50 84.00 2.50 0.88 Near Surface Denise Zone ~60
PE-21-358 83.00 85.50 2.50 1.87 Near Surface Denise Zone ~60
PE-21-303 148.55 149.45 0.90 0.98 Near Surface Denise Zone ~100
PE-21-298 108.50 115.50 7.00 0.38 Near Surface Denise Zone ~70
PE-21-304 73.50 80.60 7.10 0.71 Near Surface Denise Zone ~50
PE-21-355 70.50 80.85 10.35 0.30 Near Surface Denise Zone ~50 and 90
And 106.50 109.50 3.00 0.48
And 119.05 128.80 9.75 0.31
PE-21-351 47.50 48.50 1.00 1.39 Near Surface Denise Zone ~35
PE-21-308 151.00 151.50 0.50 1.41 Near Surface Denise Zone ~100 and 130
And 169.50 172.05 2.55 0.65
And 193.50 194.55 1.05 0.63
PE-21-312 140.75 142.00 1.25 0.52 Near Surface Denise Zone ~100
PE-21-314 78.00 81.00 3.00 1.23 Near Surface Denise Zone ~50
PE-21-252 130.95 133.85 2.90 0.78 Near Surface Denise Zone ~90
PE-21-254 31.50 33.00 1.50 1.57 Near Surface Denise Zone ~20
PE-21-317 91.20 94.70 3.50 2.67 Near Surface Denise Zone ~65
PE-21-320 52.50 56.00 3.50 1.17 Near Surface Denise Zone ~30
PE-21-325 35.00 35.80 0.80 2.20 Near Surface Denise Zone ~20
PE-21-327 21.00 22.50 1.50 0.88 Near Surface Denise Zone ~15
PE-21-330 51.50 54.85 3.35 1.80 Near Surface Denise Zone ~40
PE-21-332 25.00 25.50 0.50 11.86 Near Surface Denise Zone ~15
PE-21-335 31.00 34.00 3.00 1.36 Near Surface Denise Zone ~20 and 50
And 69.00 73.00 4.00 0.45
PE-21-339 26.75 31.00 4.25 0.47 Near Surface Denise Zone ~50
And 67.50 68.05 0.55 13.74
PE-21-341 56.50 57.00 0.50 5.21 Near Surface Denise Zone ~60
And 85.50 87.00 1.50 3.77

 

Qualified Person

Maxime Bouchard P.Geo. M.Sc.A., (OGQ 1752) and Jérôme Augustin P.Geo. Ph.D., (OGQ 2134), Independent Qualified Persons as defined by Canadian NI 43-101 standards, have reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard and Jérôme Augustin. The quality assurance and quality control protocol include insertion of blank or standard every 10 samples on average, in addition to the regular insertion of blank, duplicate, and standard samples accredited by Laboratoire Expert during the analytical process. Gold values are estimated by fire assay with finish by atomic absorption and values over 3 ppm Au are reanalyzed by fire assay with finish by gravimetry by Laboratoire Expert Inc, Rouyn-Noranda. Samples containing visible gold mineralization are analyzed by metallic sieve. For additional quality assurance and quality control, all samples were crushed to 90% less than 2 mm prior to pulverization, in order to homogenize samples which may contain coarse gold. Core logging and sampling were completed by Laurentia Exploration.

About Amex

Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold projects in the mining-friendly jurisdiction of Quebec. Amex is focused on its 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 117 contiguous claims covering 4,518 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and elsewhere in the province.

For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: +1-514-866-8209

Neither the 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.

Forward-looking statements

This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program on the HGZ and Denise Zone, the expected positive exploration results, the extension of the mineralized zones, the timing of the exploration results, the ability of the Company to continue with the exploration program, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "to earn", "to have', "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company's annual Management's Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/102915

 

Montreal, Quebec--(Newsfile Corp. - December 22, 2021) - Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) ("Amex or the Company")  is pleased to announce the exercise of 3,115,000 warrants at a strike price of $2.10 and 203,087 broker warrants at a strike price of $2.10 adding close to $7 million to the treasury. The warrants were offered in connection with a $15,750,000 financing which closed on June 17, 2020. With the exercise of these warrants there are no remaining outstanding warrants.

Victor Cantore, President and CEO commented, "We would like to thank our existing shareholders for their continued support through the warrant exercise and extend a special thank you to Mr. Eric Sprott who has maintained his ownership in Amex. We are pleased to add this capital to the Company, putting us on stronger financial footing entering 2022. Our exploration program is delivering exceptional results and is continuing at an excellent pace. We will provide a review of our accomplishments from 2021 and discuss our plans for 2022 in early January. Until then from all of us at the Amex Exploration team we wish you a healthy and happy holiday season."

About Amex

Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold projects in the mining-friendly jurisdiction of Quebec. Amex is focused on its 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 117 contiguous claims covering 4,518 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and elsewhere in the province.

For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: +1-514-866-8209

Neither the 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.

Forward-looking statements

This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program on the HGZ and Denise Zone, the expected positive exploration results, the extension of the mineralized zones, the timing of the exploration results, the ability of the Company to continue with the exploration program, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "to earn", "to have', "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company's annual Management's Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/108254

 

Denise Highlight Results

  • 1.58 g/t Au over 38.80 metres at a vertical depth of approximately 150 metres in hole PE-21-243
  • 1.2 g/t Au over 18.90 metres at a vertical depth of approximately 80 metres and 0.70 g/t Au over 23.10 metres at a vertical depth of approximately 30 metres in hole PE-21-246
  • 1.32 g/t Au over 13.50 metres at a vertical depth of approximately 90 metres in hole PE-21-249
  • 1.79 g/t Au over 14.25 metres at a vertical depth of approximately 45 metres in hole PE-21-250
  • 3.14 g/t Au over 12.00 metres at a vertical depth of approximately 170 metres in hole PE-21-262
  • 2.52 g/t Au over 8.00 metres at a vertical depth of approximately 300 metres in hole PE-21-270
  • 2.25 g/t Au over 16.35 metres at a vertical depth of approximately 95 metres in hole PE-21-277

MONTREAL, CANADA – July 13, 2021 - Amex Exploration Inc. (“Amex or the Company”) (TSX-V: AMX, FRA: MX0, OTCQX: AMXEF) is pleased to report drill results focused on definition and expansion drilling of the Denise Zone (“Denise”) of the Eastern Gold Zone (“EGZ”) on the Perron Gold Project, Quebec.  For reference the Denise Zone is approximately 20 to 100 m south of the High Grade Zone where the Company recently reported 79.22 g/t Gold over 6.15 Metres Including 929.24 g/t Gold over 0.50 Metres (press release June 28, 2021). See Figure 1 for a plan view of the geology of the EGZ and the mineralized zones.

Kelly Malcom Vice President of Amex Exploration will be speaking with InvestInGold on the Thursdays 10@10 segment this coming Thursday, July 15, 2021 at 10 am EDT. Kelly will give a brief 10 min presentation followed by 10 min Q&A. To register please click here.

Today’s results are focused on on-strike expansion as well as definition drilling of the Denise Zone as the Company works towards its maiden resource on the Perron Project. Today’s results expand the lateral strike of the Denise Zone by 100 m, bringing the lateral near surface strike of the Denise Zone to 450 m. A complete list of results is available in Table 1 and presented in Figure 2.

Jacques Trottier, PhD Executive Chairman of Amex said, “We have recently drilled a significant amount of near-surface holes into the Denise zone, as shown in Figure 2. Today’s results show only a fraction of the holes drilled on Denise with a number of holes still pending. It is our expectation that Denise will contribute a meaningful number of ounces in our upcoming maiden resource. Of particular interest are drillholes PE-21-262, 270, 273, and 277, all of which expand the Denise Zone eastward and even to the east of a cross-cutting late diabase dyke. This is meaningful in terms of continued strike expansion potential, as gold mineralization is strong and clearly present to the east. The Company will continue to work to expand this near surface envelope.”

Figure 1: Plan Map of the Eastern Gold Zone that encompasses Denise and HGZ.

Figure 2: Longitudinal section of the Denise Zone looking South, with today’s results labelled in green.
LongitudinalS
Table 1: Assay Results from the Denise Zone at Perron

Denise Zone Results
Hole ID
From (m)
To (m)
Length (m)
Au (g/t)
Zone
Vertical depth (m)
PE-21-233
766.00
776.50
10.50
0.77
Denise Zone
680 to 710
And
794.50
809.50
15.00
0.37
PE-21-240
775.5
802.7
27.2
0.35
Denise Zone
700
PE-21-241
70.00
86.95
16.95
0.34
Denise Zone
50
PE-21-243
201.00
239.80
38.80
1.58
Denise Zone
150
Including
233.50
239.80
6.30
6.28
Including
234.15
235.00
0.85
24.71
PE-21-246
25.40
48.50
23.10
0.70
Denise Zone
30 and 80
And
97.10
116.00
18.90
1.20
PE-21-247
21.00
60.00
39.00
0.42
Denise Zone
30 and 100
Including
45.00
50.40
5.40
1.14
And
160.25
163.05
2.80
0.72
PE-21-249
120.00
133.50
13.50
1.32
Denise Zone
90
Including
121.40
121.90
0.50
20.50
PE-21-250
60.75
75.00
14.25
1.79
Denise Zone
45
Including
68.25
68.75
0.50
11.57
Including
74.50
75.00
0.50
36.96
PE-21-255
52.50
70.60
18.10
0.50
Denise Zone
45
PE-21-256
129.20
164.00
34.80
0.65
Denise Zone
100
Including
129.20
129.70
0.50
35.18
PE-21-262
256.50
268.50
12.00
3.14
Denise Zone
170
Including
256.50
258.00
1.50
22.90
PE-21-270
360.00
368.00
8.00
2.52
Denise Zone
300
Including
364.50
366.00
1.50
9.74
PE-21-273
56.00
58.50
2.50
3.45
Denise Zone
40 to 150
And
157.65
165.00
7.35
0.96
And
235.20
239.40
4.20
3.44
PE-21-277
144.65
161.00
16.35
2.25
Denise Zone
95 to 125
Including
144.65
145.70
1.05
28.74
And
192.30
192.80
0.50
70.82
PE-21-282
122.70
138.00
15.30
0.52
Denise Zone
95
Including
125.30
125.80
0.50
6.62

*Note that drill results are presented uncapped and lengths represent core lengths. True width is estimated to be ~70-80% in Denise.

Qualified Person
Maxime Bouchard P.Geo. M.Sc.A., (OGQ 1752) and Jérôme Augustin P.Geo. Ph.D., (OGQ 2134), Independent Qualified Persons as defined by Canadian NI 43-101 standards, have reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard and Jérôme Augustin.. The quality assurance and quality control protocol include insertion of blank or standard every 10 samples on average, in addition to the regular insertion of blank, duplicate, and standard samples accredited by Laboratoire Expertduring the analytical process. Gold values are estimated by fire assay with finish by atomic absorption and values over 3 ppm Au are reanalyzed by fire assay with finish by gravimetry by Laboratoire Expert Inc, Rouyn-Noranda. Samples containing visible gold mineralization are analyzed by metallic sieve. For additional quality assurance and quality control, all samples were crushed to 90% less than 2 mm prior to pulverization, in order to homogenize samples which may contain coarse gold. Core logging and sampling were completed by Laurentia Exploration.

About Amex
Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold projects in the mining-friendly jurisdiction of Quebec. Amex is focused on its 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 117 contiguous claims covering 4,518 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and elsewhere in the province.

For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: 514-866-8209

Neither the 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.

Forward-looking statements:

This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program on the HGZ and Denise Zone, the expected positive exploration results, the extension of the mineralized zones, the timing of the exploration results, the ability of the Company to continue with the exploration program, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “to earn”, “to have’, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company’s expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes,  title disputes and claims, environmental risks as well as those risks identified in the Company’s annual Management’s Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

 

HGZ Highlights - Near Surface

  • 79.22 g/t Au over 6.15 metres , including 929.24 g/t Au over 0.50 metres, for a metal factor of 487 at a vertical depth of approximately 290 metres in hole PE-21-344

HGZ Highlights - At Depth

  • 15.04 g/t Au over 4.10 metres , including 70.27 g/t Au over 0.50 metres and 42.58 g/t Au over 0.50 metres, for a metal factor of 62 at a vertical depth of approximately 720 metres in hole PE-21-286W2

MONTREAL, QC / ACCESSWIRE / June 28, 2021 / Amex Exploration Inc. ("Amex or the Company") (TSX-V:AMX)(FRA:MX0)(OTCQX:AMXEF) is pleased to report additional drill results focused on definition and expansion drilling of the High Grade Zone ("HGZ") of the Eastern Gold Zone ("EGZ") on the Perron Gold Project, Quebec. See Figure 1 for a plan view of the geology of the EGZ and the mineralized zones .

Jacques Trottier, PhD Executive Chairman of Amex said, "Today's results are exciting for two specific reasons. Firstly, this is the highest individual assay grade ever reported on the property, 929.24 g/t Au over 0.50 metres, which was reported in hole PE-21-344. Secondly, hole PE-21-344 expands on the >100 gram-meter Metal Factor contour in the upper portion of the HGZ as shown in Figure 1 . This indicates that there is potentially much more of the ultra high grade mineralization in the HGZ, even in areas that appeared to be lower grade based on earlier drill holes."

Today's results are focused on definition drilling of the High Grade Zone as the Company works towards its maiden resource on the Perron Project. A complete list of results are available in Table 1 and presented in Figure 2 . See Figure 2 for the location of the pending holes as well as those containing visible gold at the HGZ.

Figure 1: Plan Map of the Eastern Gold Zone that encompasses Denise and HGZ.

Figure 2: Longitudinal section of the High Grade Zone looking South, with today's results labelled in green.

Figure 3: Visible gold in reported hole PE-21-344

Table 1: Assay Results from the High Grade Zone at Perron

Hole ID

From (m)

To (m)

Length (m)

Au (g/t)

Zone

Vertical Depth (m)

PE-20-163W1

659.85

662.45

2.60

3.28

HGZ

~610 m

Including

660.60

661.25

0.65

7.74

PE-21-286W2

816.40

820.50

4.10

15.04

HGZ

~720 m

Including

818.90

819.40

0.50

42.58

Including

819.40

819.90

0.50

70.27

PE-21-344

320.80

326.95

6.15

79.22

HGZ

~290 m

Including

320.80

321.50

0.70

26.94

Including

325.65

326.15

0.50

929.24

*Note that drill results are presented uncapped and lengths represent core lengths. True width is estimated to be ~70-80% in HGZ.

Qualified Person

Maxime Bouchard P.Geo. M.Sc.A., (OGQ 1752) and Jérôme Augustin P.Geo. Ph.D., (OGQ 2134), Independent Qualified Persons as defined by Canadian NI 43-101 standards, have reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard and Jérôme Augustin. Core logging and sampling were completed by Laurentia Exploration. The quality assurance and quality control protocol include insertion of blank or standard every 10 samples on average, in addition to the regular insertion of blank, duplicate, and standard samples accredited by Laboratoire Expert during the analytical process. Gold values are estimated by fire assay with finish by atomic absorption and values over 3 ppm Au are reanalyzed by fire assay with finish by gravimetry by Laboratoire Expert Inc, Rouyn-Noranda. Samples containing visible gold mineralization are analyzed by metallic sieve. For additional quality assurance and quality control, all samples were crushed to 90% less than 2 mm prior to pulverization, in order to homogenize samples which may contain coarse gold. Core logging and sampling were completed by Laurentia Exploration.

About Amex

Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold projects in the mining-friendly jurisdiction of Quebec. Amex is focused on its 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 117 contiguous claims covering 4,518 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and elsewhere in the province.

For further information please contact:  
Victor Cantore
President and Chief Executive Officer
Amex Exploration: +1-514-866-8209

Neither the 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.

Forward-looking statements:  

This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program on the HGZ and Denise Zone, the expected positive exploration results, the extension of the mineralized zones, the timing of the exploration results, the ability of the Company to continue with the exploration program, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "to earn", "to have', "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company's annual Management's Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.    

SOURCE: Amex Exploration, Inc.

MONTREAL, QC / ACCESSWIRE / March 31, 2021 / Amex Exploration Inc. ("Amex or the Company")(TSXV:AMX)(FRA:MX0)(OTCQX:AMXEF) is pleased to report a number of drill results focused on expansion and definition of the Denise Zone ("Denise") of the Eastern Gold Zone ("EGZ") of the Perron Gold Project, Quebec. See Figure 1

Today's results significantly expand upon and confirm expectations of the large zones of broad near-surface gold mineralization and continuity of Denise as Amex works to drill off its maiden resource on the Perron Project. Highlights are detailed below, and a complete list of results is available in Table 1 and presented in Figure 2. In addition to the results detailed below, Amex is awaiting results on over 21,800 samples at two labs from holes targeting the HGZ, Denise, and Grey Cat Zone, as well as regional exploration drilling.

Highlights:

  • 1.62 g/t Au over 51.30 metres including 5.34 g/t over 12.80 metres at a vertical depth between approximately 80 and 115 metres in hole PE-20-234.
  • 0.82 g/t Au over 60.55 metres at a vertical depth between approximately 15 and 50 metres in hole PE-20-206
  • 1.28 g/t Au over 36.40 metres at a vertical depth of approximately 345 metres in hole PE-20-216.
  • 3.04 g/t Au over 14.20 metres at a vertical depth of approximately 375 metres in hole PE-20-213.
  • 1.15 g/t Au over 44.55 metres including 48.15 g/t Au over 0.70 metres at a vertical depth between approximately 440 and 480 metres in hole PE-20-218.

Jacques Trottier, PhD Executive Chairman of Amex said, "These large intervals of near-surface gold mineralization, confirm our expectations of a robust and continuous hydrothermal gold system. As shown in Figure 2, our ongoing drill program at Denise has outlined a zone with at least 300 metres of strike tested down to over 600 metres vertically. These results show not only the extension of Denise to the West but also infill drilling demonstrates that the overall mineralization width and grade are quite consistent and will significantly add to the potential gold ounces per vertical meter at the Eastern Gold Zone. As a reminder the Denise Zone lies a mere 50 metres from the High Grade Zone (HGZ) which is where we have seen bonanza grades that could be included in a potential pit design allowing for the mining of both Denise and the HGZ in tandem." See Figure 1 for Denise and HGZ location.

The Denise Zone is hosted by a highly brecciated rhyolite at the southern margin of the Beaupre Block. Mineralization is associated with intense sericitization and variable silicification, along with disseminations of pyrite and lesser sphalerite. Gold mineralization occurs as disseminations as well as in high grade veinlets where free gold is often identified. An elevated gold signature is present throughout the entire Denise zone (beyond what is reported in composites by Amex) indicating a long-lived large-scale gold-bearing hydrothermal system. Amex recently completed a program of downhole optical televiewer surveys focused on the High Grade Zone and Denise which will provide additional structural information on the controls on mineralization and may assist in vectoring in towards additional structurally-controlled high grade gold mineralization.

Figure 1: Plan Map of the Eastern Gold Zone that encompasses Denise and HGZ.

Figure 2: Longitudinal section of the Denise Zone looking South, with today's results labelled in green.

Table 1: Assay Results from the Denise Zone

Denise Zone Results

Hole ID

From (m)

To (m)

Length (m)

Au (g/t)

Zone

Vertical depth (m)

PE-20-202

578.50

585.80

7.30

0.57

Denise Zone

530 to 620

And

629.50

638.50

9.00

0.62

And

672.75

689.80

17.05

0.53

PE-20-206

17.45

78.00

60.55

0.82

Denise Zone

15 to 50

Including

17.45

18

0.55

13.07

Including

64.60

66.00

1.40

22.80

PE-20-208

323.70

328.00

4.30

0.80

Denise Zone

250 to 300

And

347.60

354.25

6.65

0.88

And

401.55

429.70

28.15

0.60

Including

424.70

426.20

1.50

6.42

PE-20-211

664.00

724.00

60.00

0.55

Denise Zone

610 to 665

Including

712.00

716.50

4.50

4.77

Including

712.00

713.50

1.50

11.93

PE-20-213

373.00

376.00

3.00

0.60

Denise Zone

310 to 400

And

427.00

502.00

75.00

0.76

Including

449.65

463.85

14.20

3.04

PE-20-214

397.80

401.30

3.50

0.96

Denise Zone

330 to 440

And

475.25

485.10

9.85

1.22

And

508.00

511.40

3.40

2.00

And

543.30

556.00

12.70

0.68

PE-20-216

392.70

488.50

95.80

0.57

Denise Zone

320 to 360

Including

421.75

458.15

36.40

1.28

Including

457.65

458.15

0.50

18.70

PE-20-217

746.50

775.00

28.50

0.47

Denise Zone

680 to 700

Including

751.00

767.50

16.50

0.61

Including

751.00

751.55

0.55

6.86

PE-20-218

528.10

572.65

44.55

1.15

Denise Zone

440 to 480

Including

528.10

528.60

0.50

22.77

Including

530.90

531.60

0.70

48.15

PE-20-220

517.00

590.00

73.00

0.43

Denise Zone

440 to 500

Including

517.00

529.55

12.55

1.70

Including

527.60

528.20

0.60

18.34

PE-20-222

368.15

384.60

16.45

1.17

Denise Zone

290 to 360

Including

368.15

370.95

2.80

3.87

And

456.45

472.80

16.35

0.40

PE-20-225

138.45

150.50

12.05

1.42

Denise Zone

120 to 370

And

193.70

196.00

2.30

1.50

And

239.50

244.00

4.50

1.59

And

283.00

350.50

67.50

0.46

And

427.00

449.50

22.50

0.50

PE-20-234

105.50

156.80

51.30

1.62

Denise Zone

80 to 115

Including

144.00

156.80

12.80

5.34

Including

156.15

156.80

0.65

46.06

PE-20-235

252.00

333.00

81.00

0.52

Denise

200 to 300

Including

252.00

267.60

15.60

1.64

Including

310.35

313.50

3.15

3.18

And

376.50

380.65

4.15

0.69

*Note that drill results are presented uncapped and lengths represent core lengths. True width is estimated to be ~70-80% in Denise.

Qualified Person

Maxime Bouchard P.Geo. M.Sc.A., (OGQ 1752) and Jérôme Augustin P.Geo. Ph.D., (OGQ 2134), Independent Qualified Persons as defined by Canadian NI 43-101 standards, have reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard and Jérôme Augustin. Core logging and sampling were completed by Laurentia Exploration. The quality assurance and quality control protocol include insertion of blank or standard every 10 samples on average, in addition to the regular insertion of blank, duplicate, and standard samples accredited by Laboratoire Expert during the analytical process. Gold values are estimated by fire assay with finish by atomic absorption and values over 3 ppm Au are reanalyzed by fire assay with finish by gravimetry by Laboratoire Expert Inc, Rouyn-Noranda. Samples containing visible gold mineralization are analyzed by metallic sieve. For additional quality assurance and quality control, all samples were crushed to 90% less than 2 mm prior to pulverization, in order to homogenize samples which may contain coarse gold. Core logging and sampling were completed by Laurentia Exploration.

About Amex

Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold projects in the mining-friendly jurisdiction of Quebec. Amex is focused on its 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 116 contiguous claims covering 4,518 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and elsewhere in the province.

For further information please contact:

Victor Cantore
President and Chief Executive Officer
Amex Exploration: 514-866-8209

Neither the 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.

Forward-looking statements:

This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program on the HGZ and Denise Zone, the expected positive exploration results, the extension of the mineralized zones, the timing of the exploration results, the ability of the Company to continue with the exploration program, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "to earn", "to have', "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company's annual Management's Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

SOURCE: Amex Exploration Inc.

 

MONTREAL, QC / ACCESSWIRE / April 26, 2021 / Amex Exploration Inc. ("Amex or the Company") (TSXV:AMX)(FRA:MX0)(OTCQX:AMXEF) is pleased to report a number of drill results focused on definition of the High Grade Zone ("HGZ") and the Denise Zone ("Denise") of the Eastern Gold Zone ("EGZ") of the Perron Gold Project, Quebec. See Figure 1 for a plan view of the geology of the EGZ and the mineralized zones.

Today's results significantly expand upon and confirm expectations of the large zones of broad near-surface gold mineralization and continuity of Denise as Amex works to drill off its maiden resource on the Perron Project. Highlights are detailed below, and a complete list of results is available in Table 1 and presented in Figures 2 and 3. In addition to the results detailed below, Amex is awaiting results on over 22,800 samples at two labs from holes targeting the HGZ, Denise, and Grey Cat Zone, as well as regional exploration drilling.

Highlights:

  • High Grade Zone
    • 7.10 g/t Au over 8.25 metres at a vertical depth of approximately 1,180 metres in hole PE-20-210W3.
    • 10.63 g/t Au over 9.65 metres at a vertical depth of approximately 560 metres in hole PE-21-245.
  • Denise Zone
    • 1.44 g/t Au over 88.00 metres at a vertical depth between approximately 150 and 210 metres in hole PE-21-237.
    • 1.57 g/t Au over 23.75 metres at a vertical depth between approximately 30 and 45 metres in hole PE-21-244.

Jacques Trottier, PhD Executive Chairman of Amex said, "As we continue to advance towards our property-wide maiden resource, definition and confirmation drilling continues to meet and exceed our expectation of a highly predictable and continuous gold system. At the High Grade Zone, we have defined gold mineralization from near surface to greater than 1,250 m depth and are seeing remarkable continuity of the high grade mineralization. At Denise, we continue to expand upon a broad zone of gold mineralization that is indicating open pit potential. Drilling on the project is going very well, with a number of drill rigs dedicated to expansion and definition drilling and also a very significant regional exploration program underway. Due to Covid-19 related delays, we are waiting on a large volume of assay samples but I am very excited to receive a number of these results owing to visual observations made in drill core."

Figure 1: Plan Map of the Eastern Gold Zone that encompasses Denise and HGZ. (For enhanced image, click here)
amex04252021a s

Figure 2: Longitudinal section of the High Grade Zone looking South, with today's results labelled in green. (For enhanced image, click here)

amex04252021b

Figure 3: Longitudinal section of the Denise Zone looking South, with today's results labelled in green. (For enhanced image, click here)

amex04252021c s

Table 1: Assay Results from the Eastern Gold Zone

HGZ Results

Hole ID

From (m)

To (m)

Length (m)

Au (g/t)

Zone

Vertical depth (m)

PE-20-210W1

1326.00

1332.00

6.00

0.52

HGZ

~1220

PE-20-210W2

1315.90

1319.15

3.25

0.60

HGZ

~1205

PE-20-210W3

1281.75

1290.00

8.25

7.10

HGZ

~1180

Including

1285.05

1289.20

4.15

13.07

Including

1288.70

1289.20

0.50

77.96

PE-21-245

621.85

631.50

9.65

10.63

HGZ

~560

Including

626.25

626.85

0.60

51.75

Including

629.55

630.40

0.85

67.73

PE-21-268W1

789.00

794.90

5.90

0.77

HGZ

~705

             

Denise Zone Results

Hole ID

From (m)

To (m)

Length (m)

Au (g/t)

Zone

Vertical depth (m)

PE-20-236

358.50

411.85

53.35

0.35

Denise

~270 to 300

Including

358.50

363.00

4.50

0.84

Including

401.10

401.65

0.55

16.77

PE-21-237

209.00

297.00

88.00

1.44

Denise

~150 to 210

Including

214.00

223.00

9.00

5.22

Including

259.50

266.30

6.80

6.28

And

357.90

364.50

6.60

3.45

~250

PE-21-238

440.75

468.00

27.25

0.42

Denise

~360 to 380

Including

467.45

468.00

0.55

7.61

PE-21-242

41.50

88.00

46.50

0.51

Denise

~30 to 60

Including

79.40

88.00

8.60

1.51

And

172.50

181.50

9.00

0.50

~125

PE-21-244

41.50

65.25

23.75

1.57

Denise

~30 to 45

Including

41.50

42.85

1.35

20.80

Including

64.75

65.25

0.50

7.58

*Note that drill results are presented uncapped and lengths represent core lengths. True width is estimated to be ~65-80% in HGZ and Denise.

In addition, Amex has retained the services of CM-Equity AG,  a regulated investment firm and financial service provider based in Munich, Germany,  to provide financial advisory consulting services and to act as market maker for the Corporation’s common shares on the Frankfurt Stock Exchange (FSE). The initial term shall be for 12 months and may be extended for another 12 months,  upon written notice by the Corporation. The annual fee payable to the service provider is  50,000 €.  The liquidity services to be provided by CM-Equity are at their sole discretion and sole risk and no performance based fees are payable to the service provider.  This service agreement is subject to the approval of the TSXV.

Qualified Person

Maxime Bouchard P.Geo. M.Sc.A., (OGQ 1752) and Jérôme Augustin P.Geo. Ph.D., (OGQ 2134), Independent Qualified Persons as defined by Canadian NI 43-101 standards, have reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard and Jérôme Augustin. Core logging and sampling were completed by Laurentia Exploration. The quality assurance and quality control protocol include insertion of blank or standard every 10 samples on average, in addition to the regular insertion of blank, duplicate, and standard samples accredited by Laboratoire Expert during the analytical process. Gold values are estimated by fire assay with finish by atomic absorption and values over 3 ppm Au are reanalyzed by fire assay with finish by gravimetry by Laboratoire Expert Inc, Rouyn-Noranda. Samples containing visible gold mineralization are analyzed by metallic sieve. For additional quality assurance and quality control, all samples were crushed to 90% less than 2 mm prior to pulverization, in order to homogenize samples which may contain coarse gold. Core logging and sampling were completed by Laurentia Exploration.

About Amex

Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold projects in the mining-friendly jurisdiction of Quebec. Amex is focused on its 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 116 contiguous claims covering 4,518 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and elsewhere in the province.

For further information please contact:

Victor Cantore
President and Chief Executive Officer
Amex Exploration: 514-866-8209

Neither the 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.

Forward-looking statements:

This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program on the HGZ and Denise Zone, the expected positive exploration results, the extension of the mineralized zones, the timing of the exploration results, the ability of the Company to continue with the exploration program, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "to earn", "to have', "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company's annual Management's Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

SOURCE: Amex Exploration Inc.

 

MONTREAL, QC / ACCESSWIRE / May 10, 2021 / Amex Exploration Inc. ("Amex or the Company") (TSXV:AMX)(FRA:MX0)(OTCQX:AMXEF) Amex is pleased to provide a corporate update and remind shareholders of its Annual General and Special Meeting which is scheduled for Tuesday, May 11, 2021 at 10:00 AM Eastern and will be made available via webcast in consideration of current Covid 19 Government guidelines. Registration details of the webcast are found at the bottom of this release.

Corporate Highlights:

  • Since January 2021 the Company received $4,276,476 from the exercise of warrants in connection with previous private placement offerings.
  • With the exercise of these warrants the Company now has approximately $26 M in cash on hand.
  • Since January 2021 Amex has completed 51,000 m with 70,000 m of drilling expected to be completed between May and October 2021, after which Amex intends to commence a maiden NI43-101 compliant resource estimate.
  • The objective of the drill program is to expand the known gold zones, along strike and to depth, that have been identified along the 3.2 km long Perron Gold Corridor. In addition, Amex intends to use its structural model to explore for additional gold zones. Using this model Amex recently discovered the 210 Zone. Numerous other targets have been identified for drilling. About 25,000 m of drilling is focused on regional drilling.
  • To date 24,400 samples are at two separate labs awaiting assay results.

At tomorrow's shareholder meeting, Jacques Trottier, Chairman of the Board and Victor Cantore, President and CEO will provide a corporate overview and conduct the business of the meeting followed by an exploration update presentation by Kelly Malcolm, Vice President Exploration.

Webcast Details

To ensure the safety of all participants and in compliance with current government guidelines relating to the COVID-19 pandemic, Amex will be required to refuse entry to shareholders at the scheduled meeting location. We thank our shareholders for not presenting themselves at the meeting location or appointing any proxyholder to do so as only those directors or officers, as necessary for the proper conduct of the meeting, are expected to be in attendance.

However, the Meeting will be accessible to all shareholders via Webcast:

https://zoom.us/j/93372233905?pwd=dUJjU0NXR1FtdkNKYzMxRWZJYWthQT09

Please register using the link before the scheduled start of the meeting.

About Amex

Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold projects in the mining-friendly jurisdiction of Quebec. Amex is focused on its 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 116 contiguous claims covering 4,518 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and else where in the province.

For further information please contact:

Victor Cantore
President and Chief Executive Officer
Amex Exploration: +1-514-866-8209

Neither the 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.

Forward-looking statements:

This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program on the HGZ and Denise Zone, the expected positive exploration results, the extension of the mineralized zones, the timing of the exploration results, the ability of the Company to continue with the exploration program, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "to earn", "to have', "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company's annual Management's Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

SOURCE: Amex Exploration Inc.

 

MONTREAL, QC / ACCESSWIRE / May 26, 2021 / Amex Exploration Inc. ("Amex or the Company") (TSXV:AMX)(FRA:MX0)(OTCQX:AMXEF) is pleased to report a number of drill results focused on definition drilling of the High Grade Zone ("HGZ") of the Eastern Gold Zone ("EGZ") on the Perron Gold Project, Quebec. See Figure 1 for a plan view of the geology of the EGZ and the mineralized zones.

Today's results are focused on definition drilling of the High Grade Zone as the Company works towards its maiden resource on the Perron Project. Highlights are detailed below, and a complete list of results is available in Table 1 and presented in Figure 2. In addition to the results detailed below, Amex is awaiting results on over 21,000 samples at two labs from holes targeting the HGZ, Denise, and Grey Cat Zone, as well as regional exploration drilling.

Highlights:

  • High Grade Zone - near surface
    • 70.92 g/t Au over 3.90 metres, including 367.50 g/t Au over 0.60 metres, at a vertical depth of approximately 160 metres in hole PE-21-313.
    • 24.71 g/t Au over 2.45 metres, including 100.26 g/t Au over 0.50 metres, at a vertical depth of approximately 190 metres in hole PE-21-306.
    • 20.84 g/t Au over 3.40 metres, including 131.37 g/t Au over 0.50 metres, at a vertical depth of approximately 155 metres in hole PE-21-299.
    • 4.77 g/t Au over 12.00 metres at a vertical depth of approximately 195 metres in hole PE-21-309.
    • 3.80 g/t Au over 8.95 metres at a vertical depth of approximately 190 metres in hole PE-21-316.
  • High Grade Zone - at depth
    • 25.12 g/t Au over 4.95 metres, including 104.49 g/t Au over 0.80 metres, at a vertical depth of approximately 1,055 metres in hole PE-21-287W1.

Jacques Trottier, PhD Executive Chairman of Amex said, "Today's results are largely focused on definition drilling of the upper portion of the High Grade Zone. We continue to intercept very high grade gold mineralization over favourable widths at shallow depths, which both confirm and exceed upon our internal geological and mineralization model (Figure 3). We also continue to intercept high grade gold at depth as evidenced by hole PE-21-287W1 which intercepted 25.12 g/t Au over 4.95 m at a depth of over one kilometre vertically."

Figure 1: Plan Map of the Eastern Gold Zone that encompasses Denise and HGZ.

figure 1 2

Figure 2: Longitudinal section of the High Grade Zone looking South, with today's results labelled in green.

Figure 3: Photos of Visible Gold (VG) from holes of the High Grade Zone

Table 1: Assay Results from the High Grade Zone at Perron

HGZ Results

Hole ID

From (m)

To (m)

Length (m)

Au (g/t)

Zone

Vertical depth (m)

PE-20-217W1

597.00

609.00

12.00

0.51

HGZ

~540

PE-21-248W1

804.60

807.90

3.30

2.62

HGZ

~720

Including

804.60

805.10

0.50

13.68

PE-21-276

329.90

355.00

25.10

1.64

HGZ

~290

Including

330.40

331.00

0.60

17.34

Including

350.00

350.50

0.50

15.95

PE-21-287W1

1167.90

1172.85

4.95

25.12

HGZ

~1055

Including

1167.90

1168.70

0.80

104.49

Including

1172.15

1172.85

0.70

49.17

PE-21-299

170.60

174.00

3.40

20.84

HGZ

~155

Including

171.90

172.40

0.50

131.37

PE-21-302

159.50

172.00

12.50

0.56

HGZ

~150

Including

161.05

161.70

0.65

3.70

Including

169.25

169.95

0.70

2.99

PE-21-306

206.55

209.00

2.45

24.71

HGZ

~190

Including

207.20

207.70

0.50

100.26

PE-21-309

205.00

217.00

12.00

4.77

HGZ

~195

Including

214.70

217.00

2.30

24.17

PE-21-313

180.00

183.90

3.90

70.92

HGZ

~160

Including

182.15

183.90

1.75

157.25

Including

183.30

183.90

0.60

367.50

PE-21-316

203.00

211.95

8.95

3.80

HGZ

~190

Including

211.40

211.95

0.55

40.81

*Note that drill results are presented uncapped and lengths represent core lengths. True width is estimated to be ~70-80% in HGZ.

Qualified Person

Maxime Bouchard P.Geo. M.Sc.A., (OGQ 1752) and Jérôme Augustin P.Geo. Ph.D., (OGQ 2134), Independent Qualified Persons as defined by Canadian NI 43-101 standards, have reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard and Jérôme Augustin. Core logging and sampling were completed by Laurentia Exploration. The quality assurance and quality control protocol include insertion of blank or standard every 10 samples on average, in addition to the regular insertion of blank, duplicate, and standard samples accredited by Laboratoire Expert during the analytical process. Gold values are estimated by fire assay with finish by atomic absorption and values over 3 ppm Au are reanalyzed by fire assay with finish by gravimetry by Laboratoire Expert Inc, Rouyn-Noranda. Samples containing visible gold mineralization are analyzed by metallic sieve. For additional quality assurance and quality control, all samples were crushed to 90% less than 2 mm prior to pulverization, in order to homogenize samples which may contain coarse gold. Core logging and sampling were completed by Laurentia Exploration.

About Amex

Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold projects in the mining-friendly jurisdiction of Quebec. Amex is focused on its 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 116 contiguous claims covering 4,518 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and elsewhere in the province.

For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: +1-514-866-8209

Neither the 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.

Forward-looking statements:

This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program on the HGZ and Denise Zone, the expected positive exploration results, the extension of the mineralized zones, the timing of the exploration results, the ability of the Company to continue with the exploration program, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "to earn", "to have', "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company's annual Management's Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

SOURCE: Amex Exploration Inc.

 

MONTREAL, QC / ACCESSWIRE / May 26, 2021 / Amex Exploration Inc. ("Amex or the Company") (TSXV:AMX)(FRA:MX0)(OTCQX:AMXEF) is pleased to report a number of drill results focused on definition drilling of the High Grade Zone ("HGZ") of the Eastern Gold Zone ("EGZ") on the Perron Gold Project, Quebec. See Figure 1 for a plan view of the geology of the EGZ and the mineralized zones.

Today's results are focused on definition drilling of the High Grade Zone as the Company works towards its maiden resource on the Perron Project. Highlights are detailed below, and a complete list of results is available in Table 1 and presented in Figure 2. In addition to the results detailed below, Amex is awaiting results on over 21,000 samples at two labs from holes targeting the HGZ, Denise, and Grey Cat Zone, as well as regional exploration drilling.

Highlights:

  • High Grade Zone - near surface
    • 70.92 g/t Au over 3.90 metres, including 367.50 g/t Au over 0.60 metres, at a vertical depth of approximately 160 metres in hole PE-21-313.
    • 24.71 g/t Au over 2.45 metres, including 100.26 g/t Au over 0.50 metres, at a vertical depth of approximately 190 metres in hole PE-21-306.
    • 20.84 g/t Au over 3.40 metres, including 131.37 g/t Au over 0.50 metres, at a vertical depth of approximately 155 metres in hole PE-21-299.
    • 4.77 g/t Au over 12.00 metres at a vertical depth of approximately 195 metres in hole PE-21-309.
    • 3.80 g/t Au over 8.95 metres at a vertical depth of approximately 190 metres in hole PE-21-316.
  • High Grade Zone - at depth
    • 25.12 g/t Au over 4.95 metres, including 104.49 g/t Au over 0.80 metres, at a vertical depth of approximately 1,055 metres in hole PE-21-287W1.

Jacques Trottier, PhD Executive Chairman of Amex said, "Today's results are largely focused on definition drilling of the upper portion of the High Grade Zone. We continue to intercept very high grade gold mineralization over favourable widths at shallow depths, which both confirm and exceed upon our internal geological and mineralization model (Figure 3). We also continue to intercept high grade gold at depth as evidenced by hole PE-21-287W1 which intercepted 25.12 g/t Au over 4.95 m at a depth of over one kilometre vertically."

Figure 1: Plan Map of the Eastern Gold Zone that encompasses Denise and HGZ.

Figure 2: Longitudinal section of the High Grade Zone looking South, with today's results labelled in green.

Figure 3: Photos of Visible Gold (VG) from holes of the High Grade Zone

Table 1: Assay Results from the High Grade Zone at Perron

HGZ Results

Hole ID

From (m)

To (m)

Length (m)

Au (g/t)

Zone

Vertical depth (m)

PE-20-217W1

597.00

609.00

12.00

0.51

HGZ

~540

PE-21-248W1

804.60

807.90

3.30

2.62

HGZ

~720

Including

804.60

805.10

0.50

13.68

PE-21-276

329.90

355.00

25.10

1.64

HGZ

~290

Including

330.40

331.00

0.60

17.34

Including

350.00

350.50

0.50

15.95

PE-21-287W1

1167.90

1172.85

4.95

25.12

HGZ

~1055

Including

1167.90

1168.70

0.80

104.49

Including

1172.15

1172.85

0.70

49.17

PE-21-299

170.60

174.00

3.40

20.84

HGZ

~155

Including

171.90

172.40

0.50

131.37

PE-21-302

159.50

172.00

12.50

0.56

HGZ

~150

Including

161.05

161.70

0.65

3.70

Including

169.25

169.95

0.70

2.99

PE-21-306

206.55

209.00

2.45

24.71

HGZ

~190

Including

207.20

207.70

0.50

100.26

PE-21-309

205.00

217.00

12.00

4.77

HGZ

~195

Including

214.70

217.00

2.30

24.17

PE-21-313

180.00

183.90

3.90

70.92

HGZ

~160

Including

182.15

183.90

1.75

157.25

Including

183.30

183.90

0.60

367.50

PE-21-316

203.00

211.95

8.95

3.80

HGZ

~190

Including

211.40

211.95

0.55

40.81

*Note that drill results are presented uncapped and lengths represent core lengths. True width is estimated to be ~70-80% in HGZ.

Qualified Person

Maxime Bouchard P.Geo. M.Sc.A., (OGQ 1752) and Jérôme Augustin P.Geo. Ph.D., (OGQ 2134), Independent Qualified Persons as defined by Canadian NI 43-101 standards, have reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard and Jérôme Augustin. Core logging and sampling were completed by Laurentia Exploration. The quality assurance and quality control protocol include insertion of blank or standard every 10 samples on average, in addition to the regular insertion of blank, duplicate, and standard samples accredited by Laboratoire Expert during the analytical process. Gold values are estimated by fire assay with finish by atomic absorption and values over 3 ppm Au are reanalyzed by fire assay with finish by gravimetry by Laboratoire Expert Inc, Rouyn-Noranda. Samples containing visible gold mineralization are analyzed by metallic sieve. For additional quality assurance and quality control, all samples were crushed to 90% less than 2 mm prior to pulverization, in order to homogenize samples which may contain coarse gold. Core logging and sampling were completed by Laurentia Exploration.

About Amex

Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold projects in the mining-friendly jurisdiction of Quebec. Amex is focused on its 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 116 contiguous claims covering 4,518 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and elsewhere in the province.

For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: +1-514-866-8209

Neither the 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.

Forward-looking statements:

This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program on the HGZ and Denise Zone, the expected positive exploration results, the extension of the mineralized zones, the timing of the exploration results, the ability of the Company to continue with the exploration program, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "to earn", "to have', "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company's annual Management's Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

SOURCE: Amex Exploration Inc.

 
 

MONTREAL, QC / ACCESSWIRE / June 4, 2021 / Amex Exploration Inc. ("Amex or the Company") (TSXV:AMX)(FRA:MX0)(OTCQX:AMXEF) is pleased to announce the appointment of Dr. Luisa Moreno as Director.

Dr. Moreno is a Physics Engineer with a PhD in Materials Science and Mechanics from Imperial College London, in the UK. She has almost two decades of experience in Finance, Business Development and Technical Research, with a focus on Technology, and Mining and Metals industries. Currently, she is the Managing Director of Tahuti Global Inc., a consulting firm. As a strategic consultant she assists companies and institutional investors with economic and technical assessments of mineral assets and technologies. She works closely with Canadian and foreign governments on strategies and policies to attract local and foreign investments to the mining sector and supply chains, and she on the board of directors of several junior mining companies. Dr. Moreno is a recognized minerals specialist and a common guest speaker on television and at international conferences. She is often quoted in national and international newspapers and news.

In addition, Amex is pleased to announce the appointment of Bryan Coates as Lead Independent Director in accordance with industry corporate governance best practices. Mr. Coates has served on the Amex Board of Directors for the past year and a half.

Victor Cantore, President and CEO of Amex commented, "I would like to extend a warm welcome to Luisa as our newest board member. She brings a fresh perspective to the board from a business and academic viewpoint. Her extensive experience in the mining sector with both international capital markets as well as technical evaluations of projects will be highly valued as we move the project forward. I am also very pleased that Bryan has accepted the role of Lead Independent Director which significantly reinforces the independence of our Board. I look forward to working with our well-rounded leadership team."

In connection with her appointment, Dr. Moreno was granted 150,000 incentive share purchase options having an exercise price of $2.60 and expiry date of June 1, 2026, subject to earlier termination as per the terms and conditions of Amex's incentive shares stock option plan. The options vest as follows: (i) 100,000 on the date of the grant; (ii) 25,000 on the one year anniversary of the grant; and (iii) 25,000 on the 2 year anniversary of the grant.

About Amex

Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold projects in the mining-friendly jurisdiction of Quebec. Amex is focused on its 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 116 contiguous claims covering 4,518 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and elsewhere in the province.

For further information please contact:

Victor Cantore
President and Chief Executive Officer
Amex Exploration: 1-514-866-8209

Neither the 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.

Forward-looking statements:

This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program on the HGZ and Denise Zone, the expected positive exploration results, the extension of the mineralized zones, the timing of the exploration results, the ability of the Company to continue with the exploration program, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "to earn", "to have', "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company's annual Management's Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

SOURCE: Amex Exploration Inc.

 
  • HGZ - near surface
    32.91 g/t Au over 6.40 metres, including 148.82 g/t Au over 1.40 metres, for a metal factor of 210 at a vertical depth of approximately 130.00 metres in hole PE-21-321
     
  • HGZ - at depth
    27.06 g/t Au over 8.85 metres, including 317.18 g/t Au over 0.70 metres, for a metal factor of 239 at a vertical depth of approximately 930.00 metres in hole PE-21-301
     
  • Numerous assay results are pending including 13 holes with visible gold in the HGZ

MONTREAL, QC / ACCESSWIRE / June 7, 2021 / Amex Exploration Inc. ("Amex or the Company") (TSX-V:AMX)(FRA:MX0)(OTCQX:AMXEF) is pleased to report additional drill results focused on definition drilling of the High Grade Zone ("HGZ") of the Eastern Gold Zone ("EGZ") on the Perron Gold Project, Quebec. See Figure 1 for a plan view of the geology of the EGZ and the mineralized zones.

Today's results are focused on definition drilling of the High Grade Zone as the Company works towards its maiden resource on the Perron Project. A complete list of results is available in Table 1 and presented in Figure 2. In addition to the results detailed below, Amex is awaiting results on over 22,000 samples at two labs from holes targeting the HGZ, Denise, and Grey Cat Zone, as well as regional exploration drilling. See Figure 2 for the location of the pending holes as well as those containing visible gold at the HGZ.

Jacques Trottier, PhD Executive Chairman of Amex said, "As we work towards a maiden resource it is important to demonstrate the exceptional high-grade nature and consistency of this High Grade Zone. Today we announced two additional holes with a metal factor of more than 200. Our goal is to demonstrate the continuity and predictability of this exceptional system. All the definition drilling holes that have been drilled inside the projected mineralized envelope to date have displayed a significant amount of visible gold and more important results are still to come. I am especially excited to see results from holes PE-21-338, PE-21-329, PE-21-307W1, PE-20-165W2 and PE-21-301W1. We have worked with our labs to shorten the assay turn around time for results and I am seeing a marked improvement. I look forward to reporting results on a more regular basis."

Figure 1: Plan Map of the Eastern Gold Zone that encompasses Denise and HGZ.

Figure 2: Longitudinal section of the High Grade Zone looking South, with today's results labelled in green and visible gold in gold.

Table 1: Assay Results from the High Grade Zone at Perron

HGZ Results

Hole ID

From (m)

To (m)

Length (m)

Au (g/t)

Vertical depth (m)

PE-21-301

1054.40

1063.25

8.85

27.06

~930

Including

1054.40

1054.90

0.50

9.89

Including

1060.60

1061.30

0.70

317.18

PE-21-321

149.60

156.00

6.40

32.91

~130

Including

153.70

155.10

1.40

148.82

Including

153.70

154.55

0.85

159.80

Including

154.55

155.10

0.55

131.86

*Note that drill results are presented uncapped and lengths represent core lengths. True width is estimated to be ~65-80% in HGZ and Denise.

Qualified Person

Maxime Bouchard P.Geo. M.Sc.A., (OGQ 1752) and Jérôme Augustin P.Geo. Ph.D., (OGQ 2134), Independent Qualified Persons as defined by Canadian NI 43-101 standards, have reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard and Jérôme Augustin. The quality assurance and quality control protocol include insertion of blank or standard every 10 samples on average, in addition to the regular insertion of blank, duplicate, and standard samples accredited by Laboratoire Expert during the analytical process. Gold values are estimated by fire assay with finish by atomic absorption and values over 3 ppm Au are reanalyzed by fire assay with finish by gravimetry by Laboratoire Expert Inc, Rouyn-Noranda. Samples containing visible gold mineralization are analyzed by metallic sieve. For additional quality assurance and quality control, all samples were crushed to 90% less than 2 mm prior to pulverization, in order to homogenize samples which may contain coarse gold. Core logging and sampling were completed by Laurentia Exploration.

About Amex

Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold projects in the mining-friendly jurisdiction of Quebec. Amex is focused on its 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 116 contiguous claims covering 4,518 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and elsewhere in the province.

For further information please contact:

Victor Cantore
President and Chief Executive Officer
Amex Exploration: 514-866-8209

Neither the 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.

Forward-looking statements:

This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program on the HGZ and Denise Zone, the expected positive exploration results, the extension of the mineralized zones, the timing of the exploration results, the ability of the Company to continue with the exploration program, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "to earn", "to have', "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company's annual Management's Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

SOURCE: Amex Exploration Inc.

 

HGZ Highlights - Near Surface

  • 36.86 g/t Au over 13.10 metres, including 78.47 g/t Au over 0.65 metres and 529.06 g/t Au over 0.75 metre, for a metal factor of 483 at a vertical depth of approximately 200 metres in hole PE-21-329. This intersect expands and improves the richest part of the High Grade Zone at the ~200 metres level.
  • 15.18 g/t Au over 14.85 metres, including 195.79 g/t Au over 0.50 metre and 161.64 g/t Au over 0.65 metre, for a metal factor of 225 at a vertical depth of approximately 175 metres in hole PE-21-338

HGZ Highlights - At Depth

  • 38.07 g/t Au over 2.60 metres, including 177.20 g/t Au over 0.55 metre, for a metal factor of 99 at a vertical depth of approximately 450 metres in hole PE-21-307W1

MONTREAL, QC / ACCESSWIRE / June 15, 2021 / Amex Exploration Inc. ("Amex or the Company") (TSX-V:AMX)(FRA:MX0)(OTCQX:AMXEF) is pleased to report additional drill results focused on definition and expansion drilling of the High Grade Zone ("HGZ") of the Eastern Gold Zone ("EGZ") on the Perron Gold Project, Quebec. See Figure 1 for a plan view of the geology of the EGZ and the mineralized zones. Click here to hear more from Jacques Trottier, Executive Chairman, Live from the Amex Core Shack.

Today's results are focused on definition drilling of the High Grade Zone as the Company works towards its maiden resource on the Perron Project. A complete list of results is available in Table 1 and presented in Figure 2. See Figure 2 for the location of the pending holes as well as those containing visible gold (VG) at the HGZ.

Jacques Trottier, Executive Chairman of Amex commented, "We continue to see these super high grade results in the core part of the HGZ. PE-21-329 is in fact the third highest grade intersect on the project with a metal factor of 483 and is surrounded by the other very high grade holes. (Figure 3) We are seeing a jewel box building in the heart of the HGZ near surface from about 100 m from surface down to about the -300 m level. These results will clearly have a very positive impact on the number of ounces and the overall grade on the resource calculation that we will be initiating at the end of the year."

Figure 1: Plan Map of the Eastern Gold Zone that encompasses Denise and HGZ.

Figure 2: Longitudinal section of the High Grade Zone looking South, with today's results labelled in green.

Figure 3: Core photos showing visible gold

Table 1: Assay Results from the High Grade Zone at Perron

Hole ID

From (m)

To (m)

Length (m)

Au (g/t)

Zone

Vertical Depth (m)

PE-21-307W1

512.40

515.00

2.60

38.07

HGZ

~450 m

Including

513.00

513.55

0.55

177.20

PE-21-329

228.90

242.00

13.10

36.86

HGZ

~200 m

Including

229.50

230.15

0.65

78.47

Including

240.10

240.85

0.75

529.06

PE-21-338

201.40

216.25

14.85

15.18

HGZ

~175 m

Including

201.95

202.55

0.60

8.33

Including

212.80

213.60

0.80

16.27

Including

213.60

214.10

0.50

195.79

Including

214.10

214.75

0.65

161.64

PE-21-281

347.50

350.70

3.20

8.13

HGZ

~300 m

Including

348.50

349.00

0.50

42.47

*Note that drill results are presented uncapped and lengths represent core lengths. True width is estimated to be ~65-80% in HGZ and Denise.

Qualified Person

Maxime Bouchard P.Geo. M.Sc.A., (OGQ 1752) and Jérôme Augustin P.Geo. Ph.D., (OGQ 2134), Independent Qualified Persons as defined by Canadian NI 43-101 standards, have reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard and Jérôme Augustin. Core logging and sampling were completed by Laurentia Exploration. The quality assurance and quality control protocol include insertion of blank or standard every 10 samples on average, in addition to the regular insertion of blank, duplicate, and standard samples accredited by Laboratoire Expert during the analytical process. Gold values are estimated by fire assay with finish by atomic absorption and values over 3 ppm Au are reanalyzed by fire assay with finish by gravimetry by Laboratoire Expert Inc, Rouyn-Noranda. Samples containing visible gold mineralization are analyzed by metallic sieve. For additional quality assurance and quality control, all samples were crushed to 90% less than 2 mm prior to pulverization, in order to homogenize samples which may contain coarse gold.

About Amex

Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold projects in the mining-friendly jurisdiction of Quebec. Amex is focused on its 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 117 contiguous claims covering 4,560 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and elsewhere in the province.

For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: +1-514-866-8209

Neither the 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.

Forward-looking statements:

This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program on the HGZ and Denise Zone, the expected positive exploration results, the extension of the mineralized zones, the timing of the exploration results, the ability of the Company to continue with the exploration program, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "to earn", "to have', "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company's annual Management's Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

SOURCE: Amex Exploration, Inc.
 

 
 

MONTREAL, QC / ACCESSWIRE / March 11, 2021 / Amex Exploration Inc. ("Amex"or the"Company") (TSXV:AMX)(FRA:MX0)(OTCQX:AMXEF) is pleased to report a number of high grade drill results focused on expansion and definition of the High Grade Zone ("HGZ") of the Eastern Gold Zone ("EGZ") of the Perron Gold Project, Quebec.

Today's results significantly confirm expectations of the continuity of the HGZ as Amex works to drill off its maiden resource on the PerronProject. Highlights are detailed below, and a complete list of results is available in Table 1 and presented in Figure 2.In addition to the results detailed below, Amex is waiting on over 15,000 samples at the lab from holes targeting the HGZ, Denise, and Grey Cat Zone, as well as regional exploration drilling.(Figure 1)

  • Hole PE-20-187W2 intersected:

    • 49.04 g/t Au over 2.20 m including 106.04 g/t Au over 0.55 m and 87.92 g/t Au over 0.55 m at a vertical depth of approximately 1,060 m.

  • Hole PE-20-216 intersected:

    • 13.94 g/t Au over 3.25 m at a vertical depth of approximately 260 m.

  • Hole PE-20-224W1 intersected:

    • 10.37 g/t Au over 6.00 m at a vertical depth of approximately 800 m.

  • Hole PE-20-224W2 intersected:

    • 7.57 g/t Au over 13.00 m including 141.21 g/t Au over 0.55 m at a vertical depth of approximately 780 m.

  • Hole PE-20-230 intersected:

    • 17.89 g/t Au over 8.40 m including 116.81 g/t Au over 0.50 m and 223.87 g/t Au over 0.40 m at a vertical depth of approximately 580 m.

  • Hole PE-20-230W1 intersected:

    • 7.45 g/t Au over 8.80 m including 100.86 g/t Au over 0.50 m at a vertical depth of approximately 540 m.

Figure 1: Geology of Perron Project and Gold Zones, as well as recently announced discoveries including the 210 Zone and hole PEX-21-041

 figure1

Figure 2:Longitudinal Section of the HGZ looking South

 figure2

Table 1: Assay Results from the HGZ

Hole ID

From (m)

To (m)

Length (m)

Au (g/t)

Zone

Vertical depth

PE-20-187W2

1164,80

1167,00

2,20

49,04

HGZ

~1060 m

Incluant

1164,80

1165,35

0,55

106,04

Incluant

1165,35

1165,90

0,55

87,92

PE-20-187W3

1162,50

1173,00

10,50

0,69

HGZ

~1055 m

PE-20-213

373,00

376,00

3,00

0,60

HGZ

~275 m

PE-20-214

349,20

350,70

1,50

1,01

HGZ

~290 m

PE-20-216

319,25

322,50

3,25

13,94

HGZ

~260 m

Incluant

319,25

319,85

0,60

71,45

PE-20-220

385,00

394,00

9,00

2,16

HGZ

~310 m

PE-20-224

882,85

886,10

3,25

4,94

HGZ

~810 m

Incluant

882,85

883,35

0,50

17,49

PE-20-224W1

873,25

879,25

6,00

10,37

HGZ

~800 m

Incluant

878,25

878,75

0,50

92,73

PE-20-224W2

852,80

865,80

13,00

7,57

HGZ

~780 m

Incluant

864,65

865,20

0,55

141,21

PE-20-225

77,50

85,00

7,50

0,90

HGZ

~70 m

PE-20-230

634,10

642,50

8,40

17,89

HGZ

~580 m

Incluant

640,20

640,70

0,50

116,81

Incluant

640,70

641,10

0,40

223,87

PE-20-230W1

598,50

607,30

8,80

7,45

HGZ

~540 m

Incluant

605,30

605,80

0,50

100,86

*Note that drill results are presented uncapped and lengths represent core lengths. True width is estimated to be ~75% in the HGZ.

Qualified Person
Maxime Bouchard P.Geo. M.Sc.A., (OGQ 1752) and Jérôme Augustin P.Geo. Ph.D., (OGQ 2134), Independent Qualified Persons as defined by Canadian NI 43-101 standards, have reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard and Jérôme Augustin. Core logging and sampling were completed by Laurentia Exploration.The quality assurance and quality control protocol include insertion of blank or standard every 10 samples on average, in addition to the regular insertion of blank, duplicate, and standard samples accredited by Laboratoire Expert during the analytical process. Gold values are estimated by fire assay with finish by atomic absorption and values over 3 ppm Au are reanalyzed by fire assay with finish by gravimetry by Laboratoire Expert Inc, Rouyn-Noranda. Samples containing visible gold mineralization are analyzed by metallic sieve. For additional quality assurance and quality control, all samples were crushed to 90% less than 2 mm prior to pulverization, in order to homogenize samples which may contain coarse gold. Core logging and sampling were completed by Laurentia Exploration.

About Amex
Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold projects in the mining-friendly jurisdiction of Quebec. Amex is focused on its 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 116 contiguous claims covering 4,518 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains under-explored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and elsewhere in the province.

For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: +1-514-866-8209

Neither the 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.

Forward-looking statements:

This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program on the HGZ and Denise Zone, the expected positive exploration results, the extension of the mineralized zones, the timing of the exploration results, the ability of the Company to continue with the exploration program, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "to earn", "to have', "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company's annual Management's Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

 

MONTREAL, QC / ACCESSWIRE / February 17, 2021 / Amex Exploration Inc. ("Amex or the Company") (TSXV:AMX)(FRA:MX0)(OTCQX:AMXEF) is pleased to report the discovery of an additional high grade gold structure and results from several holes targeting the depth extension of the High Grade Zone (HGZ) of the Eastern Gold Zone (EGZ). Watch this video clip to hear a brief explanation of today's results from Kelly Malcom, VP Exploration. https://youtu.be/HesYvCSAcA4

As a reminder, the EGZ is comprised of two gold zones, High Grade Zone, a continuous high grade gold system which is immediately north of the Denise Zone (Denise), as shown in Figure 1. In addition, while targeting the depth extension of the HGZ, Amex intersected near-surface high grade gold mineralization in a new gold structure proximal to the Normetal fault zone. This interval, which returned 58.25 g/t over 3.90 m, is spatially and likely structurally related to an intersection of 2.75 g/t Au over 2.80 m drilled by former optionee in 2016, as well as visible gold mineralization in nearby recently drilled hole PE-20-229 for which assays are still pending.

The newly named 210 Gold Zone is located proximal to the northern Normetal fault zone, which is one of two kilometric thrust faults located on the Perron project. The intersection of 58.25 g/t Au over 3.90 metres in hole PE-20-210 is located approximately 680 m north-east of the HGZ in an area that has seen limited exploration. Of note, drillhole 163-16-033 completed by former optionee intersected 2.75 g/t Au over 2.80 metres which is located 200 metres to the East, and a follow-up hole to PE-20-210, PE-20-229 has intersected visible gold along the same plane, as shown in Figure 2. Amex has recently received permits to conduct a follow up drilling program and is currently drilling along strike of this newly discovered high grade gold mineralization.

In addition, today's HGZ results significantly confirm continuity of the HGZ and increase the strike of the high grade intervals of gold mineralization over meaningful widths along the Eastward plunge of the mineralized structure. Highlights are detailed below, and a complete list of results is available in Table 1 and presented in Figure 3. In addition to the results detailed below, Amex is waiting on over 13,000 samples at the lab from holes targeting the HGZ, Denise, and Grey Cat Zone, as well as regional exploration drilling.

  • Hole PE-20-210 intersected:
    • 58.25 g/t Au over 3.90 metres, including 412.30 g/t Au over 0.50 metres, in the newly named 210 Gold Zone at a vertical depth of approximately 110 metres;
    • 19.08 g/t Au over 3.00 metres in an area situated between the 210 Zone and the HGZ;
    • 10.12 g/t Au over 3.50 metres in the HGZ at a vertical depth of approximately 1,250 metres.
  • Hole PE-197W1 intersected:
    • 11.95 g/t Au over 6.00 m in the HGZ at a vertical depth of approximately 965 metres.
  • Hole PE-20-197W2 intersected:
    • 8.71 g/t Au over 5.30 m in the HGZ at a vertical depth of approximately 925 metres.
  • Hole PE-20-207W2 intersected:
    • 33.0 g/t Au over 4.50 m, including 225.40 g/t Au over 0.50 m, in the HGZ at a vertical depth of approximately 830 metres.

Jacques Trottier, PhD, Executive Chairman of Amex said, "Perron is significantly underexplored as evidenced by our recent discoveries of the 210 Zone as well as the recently announced high-grade interval in drillhole PEX-21-041. With 10 drills turning on Perron, including 4 drills dedicated to pure exploration, making new discoveries at this rapid pace is likely and we are very pleased with our exploration targeting methodology. In addition to the newly discovered mineralization, expansion and definition drilling at the HGZ continues to yield high grade gold over considerable thicknesses. We are waiting on several thousand additional samples from our drilling program and are looking forward to receiving and releasing to the market as soon as possible."

Figure 1: Geology of Perron Project and Gold Zones, as well as recently announced discoveries including the 210 Zone and hole PEX-21-041. For enhanced image, click here

amex1 02162021

Figure 2: Plan Map of the 210 Zone and proximal intersections. For enhanced image, click here

amex2 02162021

 

Figure 3: Longitudinal Section of the HGZ looking South. For enhanced image, click here

amex3 02162021

Table 1: Assay Results from the EGZ and 210 Zone.

Hole ID

From (m)

To (m)

Length (m)

Au (g/t)

Zone

PE-20-197W1

1066.00

1072.00

6.00

11.95

HGZ

Including

1066.00

1066.65

0.65

107.63

PE-20-197W2

1033.70

1039.00

5.30

8.71

HGZ

Including

1036.00

1037.00

1.00

16.72

Including

1037.00

1038.10

1.10

25.29

PE-20-207

948.75

955.15

6.40

1.71

HGZ

Including

954.65

955.15

0.50

8.16

AND

1081.00

1111.90

30.90

0.56

Denise Zone

Including

1092.25

1093.75

1.50

3.60

Including

1108.00

1108.90

0.90

2.47

PE-20-207W1

920.80

928.00

7.20

0.29

HGZ

Including

926.50

927.25

0.75

1.27

PE-20-207W2

902.50

907.00

4.50

32.99

HGZ

Including

902.50

903.00

0.50

64.58

Including

903.75

904.25

0.50

225.40

PE-20-210

108.80

112.70

3.90

58.25

210 Zone

Including

111.20

111.70

0.50

412.30

AND

330.50

333.50

3.00

19.08

unknown

Including

331.90

332.40

0.50

97.07

AND

1345.65

1349.15

3.50

10.12

HGZ

Including

1347.15

1347.65

0.50

61.97

* Note that drill results are presented uncapped and lengths represent core lengths. True width is estimated to be ~75% in the HGZ. True widths at the 210 Zone are currently unknown.

Qualified Person

Maxime Bouchard P.Geo. M.Sc.A., (OGQ 1752) and Jérôme Augustin P.Geo. Ph.D., (OGQ 2134), Independent Qualified Persons as defined by Canadian NI 43-101 standards, have reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard and Jérôme Augustin. Core logging and sampling were completed by Laurentia Exploration. The quality assurance and quality control protocol include insertion of blank or standard every 10 samples on average, in addition to the regular insertion of blank, duplicate, and standard samples accredited by Laboratoire Expert during the analytical process. Gold values are estimated by fire assay with finish by atomic absorption and values over 3 ppm Au are reanalyzed by fire assay with finish by gravimetry by Laboratoire Expert Inc, Rouyn-Noranda. Samples containing visible gold mineralization are analyzed by metallic sieve. For additional quality assurance and quality control, all samples were crushed to 90% less than 2 mm prior to pulverization, in order to homogenize samples which may contain coarse gold. Core logging and sampling were completed by Laurentia Exploration.

The Qualified Persons have not completed sufficient work to verify the historic information on the Property, particularly in regards to historical drill results. However, the Qualified Persons believe that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.

About Amex

Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold projects in the mining-friendly jurisdiction of Quebec. Amex is focused on its 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 116 contiguous claims covering 4,518 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and elsewhere in the province.

For further information please contact:

Victor Cantore
President and Chief Executive Officer
Amex Exploration: 514-866-8209

Neither the 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.

Forward-looking statements:

This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program on the HGZ and Denise Zone, the expected positive exploration results, the extension of the mineralized zones, the timing of the exploration results, the ability of the Company to continue with the exploration program, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "to earn", "to have', "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company's annual Management's Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

SOURCE: Amex Exploration Inc.

 
 

MONTREAL, QC / ACCESSWIRE / January 28, 2021 / Amex Exploration Inc. ("Amex or the Company") (TSXV:AMX)(FRA:MX0)(OTCQX:AMXEF) is pleased to announce it has been named to the 2021 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year. Amex ranked number 12 out of 50 companies in various business sectors.

The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market. The ranking is calculated based on an equal weighting of one-year total return and average daily dollar volume growth in the previous calendar year. Companies in the 2021 OTCQX Best 50 were ranked based on their performance in 2020.

Victor Cantore President and CEO of Amex Exploration commented, "We are pleased to be included in the OTCQX Best 50. Our US shareholders are an important group and having an active listing is an important part of our market awareness strategy. With an ongoing program of 300,000 metres of drilling, Amex has one of the largest active drill programs of any junior mining company and we look forward to providing our shareholders with a steady flow of updates and drill results as we receive and interpret them."

For the complete 2021 OTCQX Best 50 ranking, visit : https://www.otcmarkets.com/files/2021_OTCQX_Best_50.pdf

The OTCQX Best Market offers transparent and efficient trading of established, investor-focused U.S. and global companies. To qualify for the OTCQX market, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

About Amex

Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold projects in the mining-friendly jurisdiction of Quebec. Amex is focused on its 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 116 contiguous claims covering 4,518 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and elsewhere in the province.

For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: +1-514-866-8209

Forward-looking statements:

This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program on the HGZ and Denise Zone, the expected positive exploration results, the extension of the mineralized zones, the timing of the exploration results, the ability of the Company to continue with the exploration program, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "to earn", "to have', "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company's annual Management's Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

SOURCE: Amex Exploration Inc.

 

MONTREAL, QC / ACCESSWIRE / January 25, 2021 / Amex Exploration Inc. ("Amex or the Company") (TSXV:AMX)(FRA:MX0)(OTCQX:AMXEF) is pleased to announce the discovery of a new high-grade gold structure by drilling an intersection returning 31.87 g/t Au over 5.10 metres on a new target area on its flagship Perron property (Table 1). The drill intersection is located approximately 650 metres north-west of the High Grade Zone (HGZ) and 500 metres north-east of the Grey Cat Zone (GCZ) that represents a new gold-bearing area on the property, as shown in Figures 1 and 2.

Jacques Trottier, PhD Executive Chairman of Amex said, "This new high-grade gold area is a game changer for the Perron project. This discovery demonstrates the tremendous upside of the Perron Property as it lies in an area that we had interpreted as being highly perspective but till now had remained untested. There are many more such targets on the Perron property."

Trottier continued, "This discovery also clearly shows that not only are the main structural contacts of the Beaupré Rhyolite Bloc (BRB) (namely the Normetal Fault to the North and the Perron Fault to the South), gold mineralized structures, but also many of the other major structural features located inside the BRB may also be gold bearing. That by itself is major milestone and has very positive implications for the Perron Project."

The gold mineralization encountered in diamond drillhole PEX-21-041 is associated with quartz veining, quartz-carbonate breccias, silica flooding and strong chlorite-carbonates-biotite alterations, as shown in figure 3. Occurrence of sphalerite, pyrite and traces of chalcopyrite are observed together with a significant amounts of visible native gold grains within the gold-bearing structures. The veining and silicified intervals shows several changes in core axes indicating that the area is possibly folded. As for the HGZ and the GCZ, this new gold interval intersected in hole PEX-21-041 is located at the margin of an enclosed mafic body hosted in the Beaupré rhyolite. The orientation of the intersected gold bearing structures are unknown as there is only a single pierce point.

Hole PEX-21-041 was drilled to test perturbed east-west magnetic lineament that was expected to be a demagnetized mafic intrusive inside the Beaupré Block (Figure 2). Amex consulting geologists are planning an aggressive follow-up drilling program around PEX-21-041 to search for the extension and to better understand the geometry of this new mineralized gold structure.

As a reminder Amex is currently drilling a fully funded 300,000 m drill program with 10 drill rigs in operation at the Perron Property, with a focus on the Eastern Gold Zone, comprising of the High Grade Zone and the Denise Zone. Of these 10 rigs two drill rigs are now assigned to exploration follow up of this new discovery target.

Table 1: Assay Results from DDH PEX-21-041

Hole ID

From (m)

To (m)

Length (m)

Au (g/t)

Zone

Vertical depth

PEX-21-041

288.60

295.90

7.30

22.44

New

200m

Including

288.60

293.70

5.10

31.87

Including

290.70

293.70

3.00

53.09

Including

288.60

289.10

0.50

6.28

Including

290.70

291.20

0.50

9.05

Including

291.20

291.70

0.50

19.25

Including

291.70

292.20

0.50

12.64

including

292.20

292.70

0.50

239.91

including

292.70

293.20

0.50

5.96

including

293.20

293.70

0.50

31.75

* Note that drill results are presented uncapped and lengths represent core lengths. True length can't be estimated with only one intersection.

Figure 1: Geology of the Perron Project and Location of the Gold Zone and New Discovery. (For enhanced image, click here)

amex101252021

Figure 2: Tilt Derivate of 2019 Drone MAG Survey and Location of New Discovery from Diamond Drill hole PEX-21-041. (For enhanced image, click here)

amex201252021

Figure 3: Photography of the Drill Core from PEX-21-041; A) General View of the Intersection with Grade Distribution and Lithology; B) Quartz-Carbonates breccia with Sphalerite, Pyrite and Visible Gold (VG); C) Visible Gold in Association with Sphalerite; D) Visible Gold in Association with Pyrite; E) Visible Gold in Association with Sphalerite. (For enhanced image, click here)

amex301252021

Qualified Person

Maxime Bouchard P.Geo. M.Sc.A., (OGQ 1752) and Jérôme Augustin P.Geo. Ph.D., (OGQ 2134), Independent Qualified Persons as defined by Canadian NI 43-101 standards, have reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard and Jérôme Augustin. Core logging and sampling were completed by Laurentia Exploration. The quality assurance and quality control protocol include insertion of blank or standard every 10 samples on average, in addition to the regular insertion of blank, duplicate, and standard samples accredited by Laboratoire Expert during the analytical process. Gold values are estimated by fire assay with finish by atomic absorption and values over 3 ppm Au are reanalyzed by fire assay with finish by gravimetry by Laboratoire Expert Inc, Rouyn-Noranda. Samples containing visible gold mineralization are analyzed by metallic sieve. For additional quality assurance and quality control, all samples were crushed to 90% less than 2 mm prior to pulverization, in order to homogenize samples which may contain coarse gold. Core logging and sampling were completed by Laurentia Exploration.

The Qualified Persons have not completed sufficient work to verify the historic information on the Property, particularly in regards to historical drill results. However, the Qualified Persons believe that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.

About Amex

Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold projects in the mining-friendly jurisdiction of Quebec. Amex is focused on its 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 116 contiguous claims covering 4,518 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and else where in the province.

For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: +1-514-866-8209

Neither the 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.

Forward-looking statements:

This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program on the HGZ and Denise Zone, the expected positive exploration results, the extension of the mineralized zones, the timing of the exploration results, the ability of the Company to continue with the exploration program, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "to earn", "to have', "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company's annual Management's Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

SOURCE: Amex Exploration Inc.

 

MONTREAL, QC / ACCESSWIRE / January 7, 2021 / Amex Exploration Inc. ("Amex or the Company") (TSX-V: AMX, FRA: MX0, OTCQX: AMXEF) wishes to provide an update on its exploration activities relative to the recent COVID 19 restrictions announced by the Government of Quebec on January 6, 2021 (previously stated January 6, 2020). At this time, Amex Exploration's mineral exploration activities on its 100% owned Perron property continues with 10 drill rigs in operation. The health and safety of the staff at site, and the community in which the Company operates, is of paramount importance to Amex. The Company continues its operations with strict health measures in place and is adhering to the sanitary recommendations for the mining industry from the public health experts.

In addition, the Company is currently waiting on assay results from 9,000 samples completed in 2020. The Company also wishes to report visible gold has been intersected in drill holes each day since drilling resumed on January 4, 2021 (previously stated January 4, 2020).

Qualified Person

Maxime Bouchard P.Geo. M.Sc.A., (OGQ 1752) and Jérôme Augustin P.Geo. Ph.D., (OGQ 2134), Independent Qualified Persons as defined by Canadian NI 43-101 standards, have reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard and Jérôme Augustin. Core logging and sampling were completed by Laurentia Exploration. The quality assurance and quality control protocol include insertion of blank or standard every 10 samples on average, in addition to the regular insertion of blank, duplicate, and standard samples accredited by Laboratoire Expert during the analytical process. Gold values are estimated by fire assay with finish by atomic absorption and values over 3 ppm Au are reanalyzed by fire assay with finish by gravimetry by Laboratoire Expert Inc, Rouyn-Noranda. Samples containing visible gold mineralization are analyzed by metallic sieve. For additional quality assurance and quality control, all samples were crushed to 90% less than 2 mm prior to pulverization, in order to homogenize samples which may contain coarse gold. Core logging and sampling were completed by Laurentia Exploration.

The Qualified Persons have not completed sufficient work to verify the historic information on the Property, particularly in regards to historical drill results. However, the Qualified Persons believe that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.

About Amex

Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold projects in the mining-friendly jurisdiction of Quebec. Amex is focused on its 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 116 contiguous claims covering 4,518 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and elsewhere in the province.

For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: +1-514-866-8209

Neither the 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.

Forward-looking statements:
This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program on the HGZ and Denise Zone, the expected positive exploration results, the extension of the mineralized zones, the timing of the exploration results, the ability of the Company to continue with the exploration program, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "to earn", "to have', "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company's annual Management's Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

SOURCE: Amex Exploration Inc.

 
 

MONTREAL, QC / ACCESSWIRE / January 7, 2021 / Amex Exploration Inc. ("Amex or the Company") (TSXV:AMX)(FRA:MX0)(OTCQX:AMXEF) wishes to provide an update on its exploration activities relative to the recent COVID 19 restrictions announced by the Government of Quebec on January 6, 2021. At this time, Amex Exploration's mineral exploration activities on its 100% owned Perron property continues with 10 drill rigs in operation. The health and safety of the staff at site, and the community in which the Company operates, is of paramount importance to Amex. The Company continues its operations with strict health measures in place and is adhering to the sanitary recommendations for the mining industry from the public health experts.

In addition, the Company is currently waiting on assay results from 9,000 samples completed in 2020. The Company also wishes to report visible gold has been intersected in drills holes each day since drilling resumed on January 4, 2021.

Qualified Person

Maxime Bouchard P.Geo. M.Sc.A., (OGQ 1752) and Jérôme Augustin P.Geo. Ph.D., (OGQ 2134), Independent Qualified Persons as defined by Canadian NI 43-101 standards, have reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard and Jérôme Augustin. Core logging and sampling were completed by Laurentia Exploration. The quality assurance and quality control protocol include insertion of blank or standard every 10 samples on average, in addition to the regular insertion of blank, duplicate, and standard samples accredited by Laboratoire Expert during the analytical process. Gold values are estimated by fire assay with finish by atomic absorption and values over 3 ppm Au are reanalyzed by fire assay with finish by gravimetry by Laboratoire Expert Inc, Rouyn-Noranda. Samples containing visible gold mineralization are analyzed by metallic sieve. For additional quality assurance and quality control, all samples were crushed to 90% less than 2 mm prior to pulverization, in order to homogenize samples which may contain coarse gold. Core logging and sampling were completed by Laurentia Exploration.

The Qualified Persons have not completed sufficient work to verify the historic information on the Property, particularly in regards to historical drill results. However, the Qualified Persons believe that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.

About Amex

Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold projects in the mining-friendly jurisdiction of Quebec. Amex is focused on its 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 116 contiguous claims covering 4,518 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and else where in the province.

For further information please contact:

Victor Cantore
President and Chief Executive Officer
Amex Exploration: +1-514-866-8209

Neither the 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.

Forward-looking statements:

This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program on the HGZ and Denise Zone, the expected positive exploration results, the extension of the mineralized zones, the timing of the exploration results, the ability of the Company to continue with the exploration program, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "to earn", "to have', "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company's annual Management's Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

SOURCE: Amex Exploration Inc.

 

MONTREAL, QC / ACCESSWIRE / January 5, 2021 / Amex Exploration Inc. ("Amex or the Company") (TSXV:AMX)(FRA:MX0)(OTCQX:AMXEF) Amex is pleased to provide a review of the 2020 year.

Highlights from the year include:

  • Expanded the drill program from 100,000 m to 300,000 m going from 3 drills on site to 10 drills by mid November, making the Amex drilling campaign one of the largest and most aggressive exploration programs in Canada this year
  • Expanded all three known gold zones along strike and to depth and identified the 3.2 km long Perron Gold Corridor along the 15 km of prospective thrust faults to be explored
  • Identified high grade gold mineralization in the down to 1.1 km vertical depth at High Grade Zone (HGZ)
  • Completed metallurgical testing on the HGZ of the Eastern Gold Zone (EGZ) showing recoveries of greater than 99% for gold and silver and demonstrated a simplified gold processing flow sheet
  • Strengthened and diversified Board of Directors
  • Completed 2 financings bringing more than $24M in cash, adding cornerstone investors, ending the year in a strong financial position
  • Coverage initiated by 4 different well-known mining analysts

The Company began the year with three drills on the Perron project and ended 2020 with ten drills turning on the property. Approximately 120,000 m of drilling has been completed on the Perron project with about another 180,000 m to be completed on Perron in 2021. The drill program to date has focused on expanding the three main gold zones on the Perron project starting with the Gratien Gold Zone and the Grey Cat Gold Zone to the West and the Eastern Gold Zone to the East. Drilling has demonstrated that the property hosts at 3.2 km long Perron Gold Corridor. Regional exploration is currently under way on the 45 km2 property which host more than 15 km of major structural faults (Perron and Normetal Faults) which has seen very little drilling outside the Perron Gold Corridor. The Company is planning a significant 15,000 m regional exploration program for 2021 with a goal to identify additional gold zones at Perron. The Company began the year with three drills on the Perron project and ended 2020 with ten drills turning on the property. Approximately 120,000 m of drilling has been completed on the Perron project with about another 180,000 m to be completed on Perron in 2021. The drill program to date has focused on expanding the three main gold zones on the Perron project starting with the Gratien Gold Zone and the Grey Cat Gold Zone to the West and the Eastern Gold Zone to the East. Drilling has demonstrated that the property hosts at 3.2 km long Perron Gold Corridor. Regional exploration is currently under way on the 45 km2 property which host more than 15 km of major structural faults (Perron and Normetal Faults) which has seen very little drilling outside the Perron Gold Corridor. The Company is planning a significant 15,000 m regional exploration program for 2021 with a goal to identify additional gold zones at Perron.

Figure 1 shows the significant expansion of the Perron Gold Corridor with an emphasis on the EGZ which consists of the High Grade Zone (HGZ) and the Denise Zone.

Figure 1: Drilling Progress on the Perron Project Plan View
For enhanced image, click here

Picture1

Figure 2: Drilling Progress on the Perron Project Long Section Looking North
For enhanced image, click here

Eastern Gold Zone
During the 2020 year, Amex expanded the EGZ down to a vertical depth of 1.1 km with Hole PE-20-187 intersecting 3.85 metres of 25.04 g/t Au. Essentially, during 2020, Amex doubled the vertical extension of the HGZ. Interpretation of the HGZ now suggests that gold mineralization has been traced over 350 metres along strike, from near surface to over 1.1 km vertically and averages approximately 7 metres of width (core length). The recent deep drilling on the HGZ is continually strengthening to depth. Of particular interest is that the highest grade core of the system, (i.e. with a metal factor greater than 100 g/t Au by meter as shown in pink on Figure 2) is more than double the vertical distance at depth in comparison to the near-surface portion of the HGZ. Drilling in 2021 on the HGZ will focus on definition drilling down to the 1.0 km level for a resource calculation starting at the end of 2021 as well as continued step out drilling to expand the strike length of the system at depth.

Highlight drill results from the HGZ in 2020 include:

  • Hole PE-20-137 intersected 8.50 metres of 29.44 g/t Au at a vertical depth of approximately 570 metres (see Press Release of February 13, 2020)
  • Hole PE-20-171 intersected 9.10 metres of 44.22 g/t Au at a vertical depth of approximately 775 metres (see Press Release of July 16, 2020)
  • Hole PEM-20-001 intersected 11.80 metres of 27.70 g/t Au at a vertical depth of approximately 270 metres (see Press Release of August 5, 2020)
  • Hole PEM-20-005 intersected 15.60 metres of 32.41 g/t Au at a vertical depth of approximately 150 metres (see Press Release of August 18, 2020)
  • Hole PE-20-217 intersected 10.55 metres of 20.88 g/t Au a vertical depth of approximately 560 metres (See Press Release of December 3, 2020)

2020 also saw excellent progress on our understanding of the nearby Denise Zone which lies parallel and approximately 50 m to the south of the HGZ. Drilling at the latter part of 2020 has begun to demonstrate the potential to add significant near surface gold ounces to the project. Recent drilling has confirmed the presence of a high metal factor core of the Denise Zone within large intervals of gold mineralization as demonstrated in Hole PE-20-199 which intersected 81.50 metres of 1.51 g/t Au at a vertical depth of approximately 190 metres. Drilling has continued to encounter wide near surface gold mineralization at Denise which improves the open pit potential of the entire Eastern Gold Zone. Continuity and consistency of the gold mineralization is improving with more drilling.

Highlight drill results from the Denise Gold Zone in 2020 include:

  • Hole PE-20-181 intersected 115.60 metres of 1.39 g/t Au at a vertical depth of approximately 260 metres (see Press Release of September 16, 2020)
  • Hole PE-20-188 intersected 189.40 metres of 1.07 g/t Au at a vertical depth of approximately 300 metres (see Press Release of September 16, 2020)
  • Hole PE-20-192 intersected 39.55 metres of 9.36 g/t at a vertical depth of approximately 225 metres (see Press Release of October 21, 2020)
  • Hole PE-20-199 intersected 81.50 metres of 1.51 g/t Au at a vertical depth of approximately 190 metres (See Press Release of December 17, 2020)
  • Hole PE-20-204 intersected 187.00 metres of 0.66 g/t Au at a vertical depth of approximately 180 metres (See Press Release of December 17, 2020)

The Company also completed metallurgy testing at the HGZ to illustrate the ease of recovery of the gold at Perron. Results demonstrated exceptional gold and silver recovery (+99%) using a 3-stage processing technique (gravity, flotation, and cyanidation). The Phase 2 metallurgy program determined that very high gold (+99%) and silver (89.5%) recoveries could be achieved using a simplified 2 stage process that eliminates floatation. Additional metallurgy testing is planned for the other gold zones at Perron following such exceptional recovery rates at the HGZ.

Gratien and Grey Cat Gold Zones
During the year Amex reported near surface gold mineralization on both the Gratien and Grey Cat Gold Zones and confirmed the open pit mining potential of Grey Cat. During 2020 Amex was successful in expanding and defining the near surface mineralization of both zones. Drilling is focused on defining the Gratien to approximately 250 metres vertical depth and while testing the depth of Grey Cat to approximately 500 metres vertically. The Grey Cat appears to have a high-grade core that dips at approximately 60 degrees to the East, similar to the Eastern Gold Zone.

Significant intercepts at Grey Cat included 1.22 g/t Au over 39.00 metres in hole PEG-20-143 at a vertical depth of approximately 80 metres as well as 4.54 g/t Au over 10.30 metres in hole PEG-20-150 at a vertical depth of approximately 70 metres. Mineralization is very planar and occurs in a single lens easily identifiable in three dimensions and simple to target.

Victor Cantore, CEO commented, "The drill results on the Perron Project for 2020 have exceeded our expectations. Our understanding of the mineralization and geology of the project has improved substantially throughout the year providing for a solid basis to develop the Perron Project to its fullest potential. I look forward to another year of continued drilling success, thanks to the great team we have in place."

Corporate Update
Amex recognizes the value of diversity in deliberation and took a number of steps to strengthen its Board by welcoming two new Board members in 2020, Mr. Bryan Coates and Ms. Anik Gendron. Both Bryan and Anik have played an active role on the Amex Board offering strategic insight to the management team over the past year.

From a financial perspective, Amex has never been stronger, ending the year with approximately $32 million in available cash, making the Company fully funded for its exploration program for 2021. During 2020 Amex also added cornerstone investor along side Mr. Eric Sprott, who increased his position and participated in each financing. Various well respected institutions from Canada, United States, Europe and the United Kingdom all participated in the 2020 financings. The shareholder profile of Amex shifted from primarily retail investors to institutional holders in 2020. Accordingly, the stock reflected the achievements of the Amex team and delivered a very strong performance and outperformed its peers. See Figure 3 below.

Figure 3: Stock chart showing Amex performance from January 1, 2019 to December 31, 2020 relative to high performing peers - AMX shown in bold black below
For enhanced image, click here

amex3

Cantore continued, "I am proud to say that each financing that we have completed since 2018 has been done at successively higher issue prices, thereby limiting the shareholder dilution while converting the capital raised into exponentially higher market cap value. This has been achieved through prudent financings and targeted exploration which has delivered exceptional results. Our management team are all shareholders of Amex and our interest are very much aligned with our shareholder base. As I look to 2021, I am confident in our exploration program, our leadership team and our ability to deliver results in this strong gold market."

Looking Forward to 2021
Amex intends to complete the balance of the drilling program which will take the majority of the year until the fall of 2021 at which time the Company will initiate a property wide NI43-101 compliant resource calculation. In addition, the technical team has identified several potential additional gold bearing structures outside the three known gold zones during its regional exploration program. Follow up drilling on these new structures will be part of the drill program in 2021 to determine if they constitute new gold zones.

Jacques Trottier, PhD Executive Chairman of Amex said, "I am excited to resume the year with an ambitious 10 drill program that aims to build ounces within the Perron Gold Corridor while discovering new gold zones on the property. With the benefit of having made several gold discoveries using predictive modeling and structural geology as our guide, I believe that Perron has much untapped potential that will be demonstrated in the coming year."

Qualified Person
Maxime Bouchard P.Geo. M.Sc.A., (OGQ 1752) and Jérôme Augustin P.Geo. Ph.D., (OGQ 2134), Independent Qualified Persons as defined by Canadian NI 43-101 standards, have reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard and Jérôme Augustin. Core logging and sampling were completed by Laurentia Exploration. The quality assurance and quality control protocol include insertion of blank or standard every 10 samples on average, in addition to the regular insertion of blank, duplicate, and standard samples accredited by Laboratoire Expert during the analytical process. Gold values are estimated by fire assay with finish by atomic absorption and values over 3 ppm Au are reanalyzed by fire assay with finish by gravimetry by Laboratoire Expert Inc, Rouyn-Noranda. Samples containing visible gold mineralization are analyzed by metallic sieve. For additional quality assurance and quality control, all samples were crushed to 90% less than 2 mm prior to pulverization, in order to homogenize samples which may contain coarse gold. Core logging and sampling were completed by Laurentia Exploration.

The Qualified Persons have not completed sufficient work to verify the historic information on the Property, particularly in regards to historical drill results. However, the Qualified Persons believe that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.

About Amex
Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold projects in the mining-friendly jurisdiction of Quebec. Amex is focused on its 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 116 contiguous claims covering 4,518 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and else where in the province.

For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: +1-514-866-8209

Neither the 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.

Forward-Looking Statements:
This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program on the HGZ and Denise Zone, the expected positive exploration results, the extension of the mineralized zones, the timing of the exploration results, the ability of the Company to continue with the exploration program, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "to earn", "to have', "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company's annual Management's Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

SOURCE: Amex Exploration Inc.