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Amex Drills 102.07 g/t Gold Over 6.10 Metres and Announces Assay Results from 31 Additional Drill Holes Significantly Expanding the High Grade Zone Vertically and Along Strike

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Amex Drills 102.07 g/t Gold Over 6.10 Metres and Announces Assay Results from 31 Additional Drill Holes Significantly Expanding the High Grade Zone Vertically and Along Strike

 

 

 

 

 

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.

 

 

 

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.

 

Posted September 7, 2021

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