- Amex Exploration (TSXV:AMX) is this year’s recipient of the Quebec Mineral Exploration Association’s Discovery of the Year Award for work on its Perron gold property in the Abitibi Greenstone Belt
- Perron’s 2025 mineral resource estimate details 1.615 million ounces of gold measured and indicated and 698,000 ounces inferred
- Amex Exploration stock has added 133.63 per cent year-over-year but remains down by 1.49 per cent since 2020
Amex Exploration (TSXV:AMX) is this year’s recipient of the Quebec Mineral Exploration Association’s Discovery of the Year Award for work on its Perron gold property in the Abitibi Greenstone Belt.
According to Friday’s news release, the award is meant to highlight a discovery that has “generated a significant ripple effect in exploration activity, not only on the property itself but also across the surrounding region,” supported by “strong continuity, geological significance and compelling economic potential – criteria that the Perron gold project has decisively met.”
Perron’s discovery uncovered numerous high-grade gold zones, yielding some of the highest-grade intercepts in Canada over the past few years, leading to a notable rise in staking and investment in the region.
A 2025 mineral resource estimate details 1.615 million ounces of gold measured and indicated (6.14 grams per ton (g/t) of gold in 8.18 million tons) and 698,000 ounces inferred (4.31 g/t gold in 5.04 million tons), representing more than US$9.3 billion in the ground at the price of US$4,032 per ounce on October 31.
A 2025 preliminary economic assessment, at a base case of only US$3,400 per ounce of gold, posits a net present value (discounted at 5 per cent) of C$3.2 billion, initial capital expenditures of C$146.1 million and a payback period of only 0.2 years.
Amex continues to expand the property’s large, continuous and scalable mineralized system on the road to a feasibility study expected by Q1 2026.
Management commentary
“We are deeply honoured to receive this recognition from the QMEA,” Victor Cantore, president and chief executive officer of Amex Exploration, said in a statement. “This award is a testament to the hard work, technical excellence and vision of our entire exploration team. The Perron discovery continues to inspire renewed exploration interest throughout the Abitibi region, underscoring Quebec’s world-class position as a premier mining jurisdiction.”
“This award reflects the power of perseverance in exploration,” added Cantore. “We are proud to contribute to the growth and vitality of Quebec’s mining industry and look forward to advancing this exciting discovery towards production.”
About Amex Exploration
Amex Exploration is advancing significant high-grade gold discoveries and copper-rich volcanogenic massive sulphide (VMS) zones at its Perron project in Quebec. The company’s portfolio includes an additional 150 square kilometres of claims with geology favourable for both high-grade gold and VMS mineralization.
Amex Exploration stock (TSXV:AMX) last traded at C$2.64. The stock has added 133.63 per cent year-over-year but remains down by 1.49 per cent since 2020.
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