Highlights from the Deeper (Eastern) High Grade Zone include:
Highlights from the Shallower (Western) High Grade Zone include:
Amex Exploration Inc. (TSX-V: AMX) (FSE: MX0) (OTCQX: AMXEF) is pleased to announce the results from a multitude of drill holes focused on expansion and definition drilling of the High Grade Zone. 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.”
Figure 1: Plan view of the geology of the Eastern Gold Zone comprised of the High Grade Zone and the Denise Zone
Figure 2: Longitudinal section of the High Grade Zone, with today’s released hole locations in green
Figure 3: Closeup longitudinal section of the Upper (western) High Grade Zone
Figure 4: Closeup longitudinal section of the Deeper (Eastern) High Grade Zone
Figure 5: Photos of visible gold from a number of today’s released drill holes
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.
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