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Amex Exploration Inc.
Summary
| Project: | Perron | |
|---|---|---|
| Deposit: | Perron | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/17/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-1-2018: Amex Exploration Inc. announces an Exploration/Drilling Update report for its Perron deposit at the Perron project. Drilling results incl. 4.66m @ 12.22g/t Au. Montreal, January 17th, 2018 - Amex Exploration Inc. (TSXV: AMX) (“Amex” or the “Cor | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Nabil Tarbouche (Explo-Logik) | |
| ABSTRACT: | Montreal, January 17th, 2018 - Amex Exploration Inc. (TSXV: AMX) (“Amex” or the “Corporation”) is pleased to report that it has just received initial analytical results from the core samples where multiple free coarse gold were identified in hole PE2017-03 (see PR2018-01-04). The section of the hole where free coarse gold was observed is from a depth of 311.9 meters to 316.56 meters. In fact, two core sections with free coarse gold were sent to the laboratory, the first one from a depth of 311.9 to 312.47 returned a value of 16.7 g/t Au over 0.57 meters and the second one from a depth of 315.56 to 316.56 returned a value of 47.2 g/t Au over 1.00 meter, leaving an overall intersection with an average grade of 12.22 g/t Au over 4.66*meters. (*Interval intersected along the hole, undetermined true thickness) This high grade gold zone is hosted within a highly sericitized and sheared rhyolite unit of about 5-10m that corresponds very well with a similar altered rhyolite unit intersected in hole PE-2013-04 where free coarse gold within some quartz veining was also noted and values of up to 12.93 g/t Au over 0.30 meters were intersected. This specific zone was the main follow-up target of hole PE-2017-03 and was collared at about 75 meters to the East and 50 meters to the North of hole PE-2013-04. It is important to note that this gold zone is of orogenic type and is not directly related or of the same type as that the socalled discovery gold-rich VMS polymetallic mineralization intersected in hole PE-2013- 03 which is located some 800 meters to the West (see PR2017-11-13). | |
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