- Amex Exploration Inc. (AMX) released follow-up assay results from the copper dense QF Zone on the Perron Property in Québec
- Intercepts of up to 2.29 per cent CuEq over 9.85 metres and 2.43 per cent CuEq over 5.15 metre
- The QF Zone grades and widths compares favourably to the neighbouring Normetal Mine
- Amex (AMX) was up 2.58 per cent, trading at $1.59 per share at 3:45 pm ET
Amex Exploration Inc. (AMX) released follow-up assay results from the copper dense QF Zone on the Perron Property.
Highlights:
- PEX-22-131: 2.29 per cent CuEq comprising 1.53 per cent Cu, 1.33 per cent Zn, 0.20 g/t Au and 12.65 g/t Ag over 9.85 metres (core length) including 4.88 per cent CuEq comprising 3.98 per cent Cu, 0.90 per cent Zn, 0.50 g/t Au and 27.27 g/t Ag over 2.55 metres (core length) at a vertical depth of 700 metres;
- PEX-22-128 intersected 2.43 per cent CuEq comprising 1.89 per cent Cu, 0.35 per cent Zn, 0.42 g/t Au and 15.64 g/t Ag over 5.15 metres (core length), including 5.18 per cent CuEq comprising 3.55 per cent Cu, 2.67 per cent Zn, 0.60 g/t Au and 22.25 g/t Ag over 3.55 metres (core length) at a 500 metre vertical depth.
Jacques Trottier, Executive Chairman of Amex Exploration, said that these results include extensions both along strike to the East (hole PEX-22-128) and at depth (hole PEX-22-131), both of which delivered strong copper-dominant polymetallic grades over attractive widths.
“The zone shows remarkable consistency in its metal content, dominated by copper, with lesser but always present zinc, gold, and silver. This is a comparable metal assemblage to the neighbouring Normetal mine’s metal tenor at depth. We have now drilled over 25 holes into the QF zone and have determined that it is a robust zone of VMS mineralization. Amex plans to conduct another round of borehole electromagnetics (EM) on hole PEX-22-131 which should provide additional expansion targets at depth. We look forward to the receipt of that data and continuing to expand upon the QF Zone.”
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 Québec, the Lebel-Sur-Quévillon gold project, which is located in the north-western part of the province of Québec, Eastmain River properties which are located in the Eeyou Istchee Territory, James Bay, Québec, and Gowan property which is situated in Gowan township.
Amex (AMX) was up 2.58 per cent, trading at $1.59 per share at 3:45 pm ET.