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Amex Exploration Inc.
Summary
| Project: | Eastmain River | |
|---|---|---|
| Deposit: | Eastmain River | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/27/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-7-2017: Amex Exploration Inc. announces an Exploration/Drilling Update report for its Eastmain River deposit at the Eastmain River project. Drilling results incl. 1m @ 0.69g/t Au. Montreal, July 27th, 2017 - Amex Exploration Inc. (“Amex”) (TSX-V: AMX) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Alain Vachon (Not stated) | |
| ABSTRACT: | Montreal, July 27th, 2017 - Amex Exploration Inc. (“Amex”) (TSX-V: AMX) is pleased to announce the conclusive results of the 2017 winter drill program confirming the gold potential of its 100% owned Eastmain River North property (“ERN”) (see PR 2017-04-11). This program consisted of 9 diamond drill holes (DDH) that were selected and planned accordingly from the combined results of an airborne Magnetic and Time Domain Electromagnetic (TDEM) survey (see PR 2016-08-02) and a winter ground induced polarization survey (see PR 2017-02-27). The highlights of the Amex 2017 winter program consist of the confirmation of the gold potential of the ERN property having intersected various anomalous gold intersect in 3 out of 9 first phase drill holes ever drilled on this property. Two distinct types of gold mineralization were encountered, namely a fine pyritic and magnetetic stratabound gold mineralization hosted in a narrow cherty finely laminated tuffaceous horizon (0.19 g/t Au over 0.30 meter in hole AMX-17-03) located at the interface of two volcanic units, and a disseminated gold mineralization hosted in some altered pyritized and hematized felsic intrusive (0.27 g/t Au over 1.0 meter in hole AMX-17-06 and 0.69 g/t Au over 1.0 meter in hole AMX-17-07). Although relatively narrow, these intersects not only confirm the gold potential of this property, but opens new never explored favorable grounds to host various gold type deposits. As for a first phase of exploration, these results are quite positive and warrant follow up exploration work. | |
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