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Amex Exploration Inc.
Summary
| Project: | Perron | |
|---|---|---|
| Deposit: | Perron | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 4/30/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-4-2019: Amex Exploration Inc. announces an Exploration/Drilling Update report for its Perron deposit at the Perron project. Drilling results incl. 5.80m @ 7.90g/t Au from 329.40m. MONTREAL, Canada – APRIL 30, 2019 - Amex Exploration Inc. (“Amex or the | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Maxime Bouchard, Jerome Augustin (Laurentia Exploration) | |
| ABSTRACT: | MONTREAL, Canada – APRIL 30, 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”) continues to intersect high grade gold mineralization in additional step out drillholes. The current results include several high grade intersects, including 42.81 g/t Au over 0.50 m and 32.13 g/t Au over 0.60 m in PE-19-37 and 45.57 g/t Au over 0.50 m in PE-19-42. These holes are some of the deepest that the Company has drilled to date on High Grade Zone (“HGZ”) of the EGZ. The intersected mineralization, which is characteristic of the 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 gold-bearing intersections are detailed in Table 1 and shown in Figure 1 and 2. “Amex continues to intersect excellent gold grades in the Eastern Gold Zone. To date, more than 11 holes have interested the HGZ with values greater than one ounce per tonne of gold, over the entire width of one or both gold-bearing quartz veins, over a vertical depth of 425 metres. Each drill hole targeting the zone has intersected the two veins, which is especially encouraging as we test the system to depth. Further, the system is showing good continuity and very little indication of post-mineralization deformation, which is highly beneficial for exploration targeting and potential future development,” commented Jacques Trottier, Ph.D., Executive Chairman of Amex Exploration. | |
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