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Amex Exploration Inc.
Summary
| Project: | Perron | |
|---|---|---|
| Deposit: | Perron | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/13/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-3-2019: Amex Exploration Inc. announces an Exploration/Drilling Update report for its Perron deposit at the Perron project. Drilling results incl. 0.80m @ 248.05g/t Au from 297.0m. MONTREAL, Canada – March 13, 2019 - Amex Exploration Inc. (“Amex or the | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Maxime Bouchard (Laurentia Exploration) | |
| ABSTRACT: | MONTREAL, Canada – March 13, 2019 - Amex Exploration Inc. (“Amex or the Company”) (AMX: TSX-V; FRA: MX0) is very pleased to announce that ongoing drilling of the Eastern Gold Zone (“EGZ”) at the Perron project (“Perron”) has successfully intersected additional high grade gold mineralization. Drill hole PE-19-31 intersected 89.59 g/t Au over 1.15 m including 156.83 g/t Au over 0.65 m at a shallow vertical depth of only 85 m. Drill hole PE-19-33 intersected 32.11 g/t Au over 7.20 m including 52.19 g/t Au over 0.5 m in the upper vein and 248.05 g/t Au over 0.8 m in the lower vein at a vertical depth of 245 m. The intersected mineralization, which is characteristic of the EGZ High Grade Zone (HGZ), consists of two gold-bearing quartz veins located on either side of a narrow weakly mineralized mafic intrusive crosscutting a large unit of silicified rhyolite. These two quartz veins typically contain sphalerite, pyrite, and visible gold as coarse grains, flakes, or specs. Additional goldbearing intersections are detailed in Table 1. In addition to these results, the Company wishes to report that it has identified additional visible gold in recently completed drill holes for which assays are pending. With the high grade results from PE-19-31 and the visual geological indicators from PE19-32 it appears that the HGZ extends close to surface, and with the results from PE-19- 28, PE-19-33, and earlier holes it appears that the HGZ is robust and high-grade laterally and to depth. The zone has now been intersected over a vertical distance of 225 metres with a lateral distance of 25 meters to 50 metres pierce point to pierce point with a spacing varying from 25 to 50 metres. The High Grade Zone extends to a depth of approximately 280 metres below surface and remains open towards surface, to depth, and along strike. | |
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