- HGZ - near surface
32.91 g/t Au over 6.40 metres, including 148.82 g/t Au
over 1.40 metres, for a metal factor of 210 at a vertical depth of
approximately 130.00 metres in hole PE-21-321
- HGZ - at depth
27.06 g/t Au over 8.85 metres, including 317.18 g/t Au
over 0.70 metres, for a metal factor of 239 at a vertical depth of
approximately 930.00 metres in hole PE-21-301
- Numerous assay results are pending including 13
holes with visible gold in the HGZ
MONTREAL, QC / ACCESSWIRE / June 7, 2021 -- InvestorsHub
NewsWire -- Amex Exploration Inc. ("Amex or the Company")
(TSX-V:AMX)(FRA:MX0)(OTCQX:AMXEF) is pleased to report
additional drill results focused on definition drilling of the High
Grade Zone ("HGZ") of the Eastern Gold Zone ("EGZ") on the Perron
Gold Project, Quebec. See Figure 1 for a
plan view of the geology of the EGZ and the mineralized
zones.
Today's results are focused on 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 Figure 2. In addition to the results
detailed below, Amex is awaiting results on over 22,000 samples at
two labs from holes targeting the HGZ, Denise, and Grey Cat Zone,
as well as regional exploration drilling. See Figure 2
for the location of the pending holes as well as those containing
visible gold at the HGZ.
Jacques Trottier, PhD Executive Chairman of Amex said, "As we
work towards a maiden resource it is important to demonstrate the
exceptional high-grade nature and consistency of this High Grade
Zone. Today we announced two additional holes with a metal factor
of more than 200. Our goal is to demonstrate the continuity and
predictability of this exceptional system. All the definition
drilling holes that have been drilled inside the projected
mineralized envelope to date have displayed a significant amount of
visible gold and more important results are still to come. I am
especially excited to see results from holes PE-21-338, PE-21-329,
PE-21-307W1, PE-20-165W2 and PE-21-301W1. We have worked with our
labs to shorten the assay turn around time for results and I am
seeing a marked improvement. I look forward to reporting results on
a more regular basis."
Figure 1: Plan
Map of the Eastern Gold Zone that encompasses Denise and HGZ.
Figure 2: Longitudinal section of the High
Grade Zone looking South, with today's results labelled in green
and visible gold in gold.
Table 1: Assay
Results from the High Grade Zone at Perron
*Note that drill results are presented uncapped and lengths
represent core lengths. True width is estimated to be ~65-80% in
HGZ and Denise.
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 116
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.
For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: 514-866-8209
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-looking statements:
This news release contains forward-looking
statements. All statements, other than of historical facts, that
address activities, events or developments that the Company
believes, expects or anticipates will or may occur in the future
including, without limitation, the planned exploration program on
the HGZ and Denise Zone, the expected positive exploration results,
the extension of the mineralized zones, the timing of the
exploration results, the ability of the Company to continue with
the exploration program, the availability of the required funds to
continue with the exploration and the potential mineralization or
potential mineral resources are forward-looking statements.
Forward-looking statements are generally identifiable by use of the
words "will", "should", "continue", "expect", "anticipate",
"estimate", "believe", "intend", "to earn", "to have', "plan" or
"project" or the negative of these words or other variations on
these words or comparable terminology. Forward-looking statements
are subject to a number of risks and uncertainties, many of which
are beyond the Company's ability to control or predict, that may
cause the actual results of the Company to differ materially from
those discussed in the forward-looking statements. Factors that
could cause actual results or events to differ materially from
current expectations include, among other things, failure to meet
expected, estimated or planned exploration expenditures, failure to
establish estimated mineral resources, the possibility that future
exploration results will not be consistent with the Company's
expectations, general business and economic conditions, changes in
world gold markets, sufficient labour and equipment being
available, changes in laws and permitting requirements,
unanticipated weather changes, title disputes and claims,
environmental risks as well as those risks identified in the
Company's annual Management's Discussion and Analysis. Should one
or more of these risks or uncertainties materialize, or should
assumptions underlying the forward-looking statements prove
incorrect, actual results may vary materially from those described
and accordingly, readers should not place undue reliance on
forward-looking statements. Although the Company has attempted to
identify important risks, uncertainties and factors which could
cause actual results to differ materially, there may be others that
cause results not to be as anticipated, estimated or intended. The
Company does not intend, and does not assume any obligation, to
update these forward-looking statements except as otherwise
required by applicable law.
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