- Amex Exploration Inc. (AMX) unveiled a new gold zone discovery called the Team Zone on the Perron Project
- The near-surface Team Zone occurs 600 metres to the northeast of the High-Grade Zone and 300 metres northeast of the E2 Gold Zone
- To date, Amex has intercepted visible gold mineralization in 14 of 20 holes targeting the Team Zone over a 200-metre by 100-metre area
- Amex (AMX) is up 7.50 per cent, trading at $1.72 per share at 10:20 a.m. ET
Amex Exploration (AMX) unveiled a new gold zone discovery called the Team Zone on the Perron Project.
The near-surface Team Zone occurs 600 metres to the northeast of the High-Grade Zone and 300 metres northeast of the E2 Gold Zone. To date, Amex has intercepted visible gold mineralization in 14 of 20 holes targeting the Team Zone over a 200-metre by 100-metre area.
Intercepts up to 10.05 g/t Au over 9.50 metres and 68.66 g/t Au over 1.40 metres were recorded.
The Team Zone is situated within the Beaupre rhyolite block, which is the host to most of the gold identified to date on the Perron project. Amex has drilled the Team Zone at multiple orientations to identify the geometry of the system.
Jacques Trottier, Executive Chairman of Amex Exploration, said that the amount of visible gold in the core of almost every hole drilled into the Team Zone has exceeded expectations.
“We have intercepted several panels of gold mineralization across a significant area of the northeastern portion of the Beaupre Block. The Team Zone is delivering both high-grade gold in tension-type veins as well as nice wider composites of lower-grade mineralization. We look forward to the receipt of the fire assay results for the balance of today’s reported holes as well as all assays for the balance of the unreleased drillholes, in order to get a fulsome understanding of this very interesting new discovery. This zone is an important new discovery as it represents potentially a new deposit with its own gold resources that could be adding to the other known zones on the still under-explored Perron property. Consequently, we have decided to assign a drill to continue exploration on the Team Zone while the other drills are still dedicated to the EGZ, including the HGZ and Denise definition and expansion and regional exploration.”
Amex Exploration Inc. (AMX) is a mining exploration company. It mainly focuses on developing viable gold and base metals deposits in mining-friendly jurisdictions. The company owns an interest in several mining projects, including the Perron gold property, which is located in the Abitibi region of Quebec, the Lebel-Sur-Quevillon gold project, which is located in the north-western part of the province of Quebec, Eastmain River properties which are located in the Eeyou Istchee Territory, James Bay, Quebec, and Gowan property which is situated in Gowan township.
Amex (AMX) is up 7.50 per cent, trading at $1.72 per share at 10:20 a.m. ET.
