Amex Exploration Inc.

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Amex Exploration Inc. (TSX-V: AMX) is a junior mining exploration company focused on developing viable gold and base metals deposits in mining-friendly jurisdictions. Amex has multiple highly prospective projects: the 100% owned Perron gold and base metal project located 110 kilometres north of R...

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Amex Exploration Inc.

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Amex Exploration Inc. (TSX-V: AMX) is a junior mining exploration company focused on developing viable gold and base ......

people6 Members       (0)

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8020 Admin

2 days ago

8020 Admin posted a press release Amex Intersects 9.73 G/T AU Over 9.90 M in Deepest Hole to Date at Eastern Gold Zone in AMEX EXPLORATION INC.

Extends High Grade Zone by an Additional 210 m at Depth

MONTREAL, QC / ACCESSWIRE / March 3, 2020 / Amex Exploration Inc. ("Amex or the Company") (TSX-V: AMX, FRA: MX0, OTCQX: AMXEF) is very pleased to announce the drill results from hole PE-20-144 on its 100% owned Perron gold property located Northwestern Quebec. A select list of results is provided in Table 1. Amex provides all drill data on its website at http://www.amexexploration.com/perron/drill-data-room/. The drill results include intersections from the High Grade Zone (HGZ) of the Eastern Gold Zone (EGZ).


Jacques Trottier, PhD, Executive Chairman of Amex Exploration commented, "This was an aggressive exploration hole that extends the HGZ by another 210 metres down to a vertical depth of approximately 775 metres. This is very significant as it confirms the depth potential of the gold system and the high-grade nature of the mineralized body. We are currently wedging off hole 144 with the objective of confirming grade continuity between these large 200+ metre step out holes. With only four holes drilled into the eastern extension of the HGZ we have defined an additional 400 vertical metres of high-grade gold mineralization."


Read more here: https://quotemedia.com/portal/quote?qm_symbol=AMX%3ACA&qmodStoryID=4816666832363032 

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8020 Admin

9 days ago

8020 Admin posted a press release Amex Adds 4th Drill Rig to Perron in AMEX EXPLORATION INC.

2 Rigs Now Dedicated to Eastern Gold Zone Following Excellent Results From Successful Predictive Geological Modelling

MONTREAL, CANADA / ACCESSWIRE / February 25, 2020 / Amex Exploration Inc. ("Amex or the Company") (TSX-V: AMX)(FRA: MX0)(OTCQX: AMXEF) is very pleased to announce that it has added a 4th drill rig to its 100% owned Perron gold property located Northwestern Quebec. This rig will be dedicated to exploration drilling on the Eastern Gold Zone (EGZ), given the Company's recent successful extension of the High Grade Zone (HGZ) at the EGZ. On February 13, 2020, Amex reported a composite interval of 29.44 g/t Au over 8.50 metres at a vertical depth of 570 metres in Hole PE-20-137. Using its predictive modelling techniques, the Amex geological team was able to successfully target the projected eastward and depth extension of the HGZ with thick and high-grade vein intercepts. Amex's predictive modelling uses state-of-the-art 3D modelling software, structural interpretation, geophysical surveys and exploration drilling to date as well as the combined knowledge of the geological team responsible for multiple economic mineral discoveries and producing mines.


Jacques Trottier, PhD, Executive Chairman of Amex Exploration commented, "Given the tenure, the width and the overall strengthening of the gold mineralization at depth at the EGZ we felt it was prudent to add another drill rig to rapidly follow up on these deep holes that are critical to building gold ounces at Perron. In addition, drilling is going very well at Grey Cat and Gratien Gold Zones and we have dedicated one rig to these two targets, as they are in close proximity to each other and the drilling there is relatively shallow. Finally, one rig is dedicated to regional exploration targets which, based on our predictive modelling, bare similar structural and geophysical signatures as the known gold zones at Perron. We have the team to handle the workload of the extra rig and our new core shack has ample room to process the additional drill core generated by a fourth rig."


In addition, Amex wishes to announce its participation at the Prospectors Developers Association of Canada (PDAC) 2020 Convention at both the Investors Exchange and the Core Shack in the South Building of the Metro Toronto Convention Centre.


Investors Exchange from March 1 to 4, 2020


Booth # 2716


Core Shack from March 3 to 4, 2020


Booth #3103B


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.


The Qualified Persons have not completed sufficient work to verify the historic information on the Property, particularly in regards to the historical drill results. However, the Qualified Persons believe that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.


About Amex


Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdictions of Quebec and Ontario. Amex is focused on its 100% owned Perron gold project located 110 kilometers 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 Ontario.


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 LGZ, 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.


SOURCE: Amex Exploration Inc.


View source version on accesswire.com:
https://www.accesswire.com/577687/Amex-Adds-4th-Drill-Rig-to-Perron

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8020 Admin

21 days ago

8020 Admin posted a press release Amex Reports 29.40 g/t Au Over 8.50 metres In Deepest Hole to Date on Eastern Gold Zone in AMEX EXPLORATION INC.

Extends Gold Mineralization Along Strike and to Depth


MONTREAL, Feb. 13, 2020 (GLOBE NEWSWIRE) -- Amex Exploration Inc. (“Amex or the Company”) (TSX-V: AMX, FRA: MX0, OTCQX: AMXEF) is very pleased to report multiple high grade drill results from the Eastern Gold Zone on its 100% owned Perron property in northwestern Quebec, Canada (see figure 1). A select list of results is provided in Table 1. Amex provides all drill data on its website at http://www.amexexploration.com/perron/drill-data-room/. The drill results include intersections from the High Grade Zone (HGZ) of the Eastern Gold Zone (EGZ).


Amex is pleased to report very high-grade gold from the deepest holes reported to date on the HGZ. Hole PE-20-137 significantly extends the gold mineralization at depth by 150 metres as well as along strike by 75 metres and is to the east of a late stage diabase dike as shown in Figure 2. Importantly, Hole PE-20-137 shows exceptional grade continuity over the composite interval of 29.44 g/t Au over 8.50 metres at a vertical depth of 570 metres including 60.47 g/t Au over 0.70 metres, 11.68 g/t Au over 1.00 metres, 48.71 g/t Au over 0.60 metres, 50.31 g/t Au over 0.50 metres, and 279.72 g/t Au over 0.50 metres.


In addition, Amex is pleased to report additional high grade gold mineralization in Hole PE-20-132 that intersected 62.67 g/t Au over 1.00 metre at a vertical depth of 385 metres, including 81.12 g/t Au over 0.50 metres and 44.21 g/t Au over 0.50 metres. This intercept includes a large quartz vein of which the entire interval, including the above intercepts, grades 11.68 g/t Au over 5.50 metres. A number of additional gold intersects from the HGZ and Denise Zones are reported in Table 1.


Dr. Jacques Trottier, Executive Chairman of Amex Exploration said, “The high-grade results reported today on the HGZ are very important to the Eastern Gold Zone and the overall Perron project. We have successfully targeted the projected eastward and depth extension of the HGZ with thick and high-grade vein intercepts of up to nearly one ounce per tonne gold over 8.50 metres. We look forward to continuing to test the size of this very high grade gold system now continuing on the East side of a late Proterozoic diabase dyke. In my personal opinion, this opens up a whole new area of exploration in the Eastern Gold Zone and is reminiscent of similar Abitibi gold mines that have significant depth potential.”


Figure 1: Perron Property with mineralized zones


https://www.globenewswire.com/NewsRoom/AttachmentNg/61bb9d7c-2f22-4d58-8fad-e816cff5da67


Figure 2: High Grade Zone of EGZ Long Section


https://www.globenewswire.com/NewsRoom/AttachmentNg/82f7fba7-2b21-4



Read more here:  https://quotemedia.com/portal/quote?qm_symbol=AMX%3ACA&qmodStoryID=4770542542410415 

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8020 Admin

28 days ago

8020 Admin posted a press release Amex Reports Near Surface and High-Grade Gold at Grey Cat and Gratien Gold Zones in AMEX EXPLORATION INC.

Grey Cat Reports Near-Surface Gold Over Substantial Widths - 2.19 g/t Au over 23.60 metres in PEG-19-125

Gratien Delivers High-grade Trend Extension Near Surface With 19.63 g/t Au over 2.25 metres in PEG-20-130

MONTREAL, Feb. 06, 2020 (GLOBE NEWSWIRE) -- Amex Exploration Inc. (“Amex or the Company”) (TSX-V: AMX, FRA: MX0, OTCQX: AMXEF) is very pleased to report the results of several drill holes on its Perron property in northwestern Quebec, Canada (see figure 1). A select list of results is provided in table 1. Amex provides all drill data on its website at http://www.amexexploration.com/perron/drill-data-room/. The drill results include intersections from the Grey Cat Zone (GCZ) and Gratien Gold Zone (GGZ).


Mr. Victor Cantore, President and CEO of Amex Exploration said, “Roughly one year following the discovery of the Eastern Gold Zone, we have transformed this property from one very high grade gold target to three separate gold zones spread over 3.2 km. Based on our exploration to date we believe each of these zones has the potential to be robust gold deposits as they are open to depth and along strike. Today I am very pleased to be reporting results from our two western targets. The western section of the property is a highly underexplored and we believe the potential there is vast. Of course, the Eastern Gold Zone is continuing to deliver exceptional drill core and I am keen to report those results in the coming weeks.”


At Grey Cat, the Company has identified near-surface gold over substantial widths, including up to 2.19 g/t Au over 23.60 m, including 15.45 g/t Au over 1.50 metres and 33.19 g/t Au over 0.60 metre, beginning at 20 metres below surface in hole PEG-19-125. This interval contained several zones of quartz veining and associated mineralization including visible gold, spread throughout the 23.60 m zone. The interval also expanded the near-surface strike length by 50 m. The Grey Cat Zone gold system is now defined to a minimum of 160 m along strike and to a vertical depth 435 m and remains open in all directions.


“The Grey Cat Zone is definitely a bulk tonnage target and our current drilling is aimed at building near surface ounces in that zone,” commented Jacques Trottier PhD, Executive Chairman of the Board of Directors of Amex Exploration. “In addition, our drilling has identified high-grade mineralization within the overall Grey Cat system. The Grey Cat has seen relatively little drilling and is already showing excellent potential. I am personally very excited by the significant depth extension potential as well as extension of the zone to the west.” 


At Gratien, the Company continues to expand and define the multiple stacked zones which include the Lower Gratien, Gratien Main and Upper Gratien Zones. To date, the Gratien system has been defined over one kilometre of strike, with individual lenses ranging between 150 and 400 metres in strike length. The system remains open at depth and has mostly been tested to a maximum depth of 200 metres. Gratien Main results include 19.63 g/t Au over 2.25 metres including 86.35 g/t Au over 0.50 metres at a vertical depth of ~75 metres in hole PEG-20-130. In the Upper Gratien zone, results include 9.81 g/t Au over 1.30 metres including 17.90 g/t Au over 0.70 metres in Hole PEG-19-111. Further gold intercepts are reported below.


“The drilling at Gratien has been continually expanding the known stacked zones and helping us to better define the high grade lens within these zones,” Trottier said. “We are seeing a high grade lens right a surface in the Upper and Main Gratien. Expansion and definition of a robust gold zone is the focus of our drilling campaign at Gratien.”


Table 1: Assay results from Grey Cat and Gratien Gold Zones on the Perron project


Read more here: https://quotemedia.com/portal/quote?qm_symbol=AMX%3ACC&qmodStoryID=586140539483708  

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8020 Admin

1 month ago

8020 Admin posted a press release Amex Takes Aim at Multiple New Gold Targets in Regional Exploration Drill Program at Perron in AMEX EXPLORATION INC.

MONTREAL, Jan. 28, 2020 (GLOBE NEWSWIRE) -- Amex Exploration Inc. (“Amex or the Company”) (TSX-V: AMX, FRA: MX0, OTCQX: AMXEF) is very pleased to report the results of a high resolution drone magnetic survey on its Perron property in northwestern Quebec, Canada (see figures 1 and 2 below).


The magnetic survey was completed over the highly prospective Beaupre block, in which Amex has identified the Eastern Gold Zone (EGZ), the Gratien Gold Zone (GGZ), the Central Polymetallic Zone (CPZ), and the Grey Cat Zone (GCZ). The objective of this survey was to identify structural targets which may be associated with additional zones of gold mineralization, especially in areas within this large block that have been highly underexplored. The drone survey data was then combined with and compared to a helicopter magnetic and EM survey completed by Agnico Eagle Mines Limited in 2014 and regional datasets completed by the Quebec, Ontario, and federal governments to provide a comprehensive regional picture. Amex is currently executing a 100,000 m drill campaign on Perron, of which 20,000 m is dedicated to a regional exploration program. Multiple structural geologists and geophysicists with international experience in the field have reviewed and interpreted the dataset in consultation with the Amex geological team.


Victor Cantore, CEO of Amex, commented, “This magnetic survey is of exceptional quality and has provided Amex with an immense amount of structural data. The gold mineralization at Perron is highly controlled by structures and can be difficult to identify with electrical methods including EM and IP, and thus we rely heavily on structural data derived from magnetic surveys, outcrops, and drillcore to determine our drill targets. This new dataset has identified numerous cryptic faults which may be associated with gold mineralization. Of particular interest, is the western portion of the Beaupre block, where our geological team has identified targets that are analogous to the known zones of gold mineralization at Perron. We currently have a drill testing these western targets, which have seen very little to no surface exploration or drilling in the past. Our geological model has been highly successful in the past, identifying the EGZ, the GCZ and high-grade gold mineralization at the GGZ. I am very optimistic that the data from this survey will be accretive to this model and help us to efficiently use our 20,000 m of regional drilling to locate more gold zones in the Beaupre Block.”


Cantore continued, “With regards to our ongoing drilling program on EGZ, GCZ and GGZ, I am pleased to report that drilling is going very well. We have seen numerous and significant intervals of mineralization often containing visible gold from all three zones and we are anxiously awaiting the results of these intersections and expect to receive and release these results to the market in the very near term.”


Qualified Person
Maxime Bouchard P.Geo. M.Sc.A., (OGQ 1752) and Jérôme Augustin P.Geo. Ph.D., (OGQ 2134) of Laurentia Exploration, 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. Core logging and sampling were completed by Laurentia Exploration. 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.


The Qualified Persons have not completed sufficient work to verify the historic information on the Property, particularly in regard to historical drill results. However, the Qualified Persons believe that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.


About Amex
Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdictions of Quebec and Ontario. Amex is focused on its 100% owned Perron gold project located 110 kilometers 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 Ontario.


For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: 514-831-3809


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 LGZ, 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.


Two photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/0e822739-c27d-4a9e-9f7c-fd15ccbee2b3


https://www.globenewswire.com/NewsRoom/AttachmentNg/5e834f1b-8e39-4cdb-97f6-af3e12270fa3


Primary Logo



Figure 1



Perron Property with mineralized zones



Figure 2



Results of High-resolution Magnetic Survey over the Beaupre Rhyolite Block at Perron. Exploration targets, for both gold and VMS mineralization, are identified in black.



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8020 Admin

2 months ago

8020 Admin posted a press release Amex Exploration Exhibiting at Booth 631, Vancouver Resource Investment Conference, Jan 19-20, 2020 in AMEX EXPLORATION INC.

Vancouver, British Columbia--(Newsfile Corp. - January 14, 2020) - Amex Exploration (TSXV: AMX) would like to cordially invite you to visit us at Booth #631 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Sunday January 19 – Monday January 20, 2020.


The Vancouver Resource Investment Conference has been the bellwether of the junior mining market for the last twenty-five years. It is the number one source of information for investment trends and ideas, covering all aspects of the natural resource industry.


Each year, the VRIC hosts over 60 keynote speakers, 350 exhibiting companies and 9000 investors.


Investment thought leaders and wealth influencers provide our audiences with valuable insights. C-suite company executives covering every corner of the mineral exploration sector as well as metals, oil & gas, renewable energy, media and financial services companies are available to speak one on one. This is a must-attend for investors and stakeholders in the global mining industry.


For more information and/or to register for the conference please visit: https://cambridgehouse.com/vancouver-resource-investment-conference.


We look forward to seeing you there.


For further information:


Amex Exploration
Victor Cantore
514-831-3809
victor.cantore@baycapitalmarkets.com
www.amexexploration.com

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8020 Admin

2 months ago

8020 Admin posted a press release Third Drill Mobilized to Amex Perron Project as Part of 100,000 Metre Drill Program in AMEX EXPLORATION INC.

MONTREAL, Jan. 06, 2020 (GLOBE NEWSWIRE) -- Amex Exploration Inc. (“Amex or the Company”) (TSX-V: AMX, FRA: MX0, OTCQX: AMXEF) is very pleased to announce that a third drill has been mobilized to its 100% owned Perron property in northwestern Quebec, Canada as part of its ongoing fully-funded 100,000 metre drill program.


The third drill will be used to test regional exploration targets along strike to the east and west of the current 3.2 kilometre-long corridor of known gold mineralization (Gratien Gold Zone to Eastern Gold Zone). Approximately 20,000 metres of drilling will be dedicated to testing unexplored or underexplored structures within the Beaupre Rhyolite block, which hosts the Eastern Gold Zone, the Gratien Gold Zone, the Central Polymetallic Zone, and the Grey Cat Zone. The Beaupre Block, a highly prospective package that is known to host gold at the Perron property, was the subject of a detailed drone magnetic survey flown in late 2019. Amex expects to announce the interpretation of the drone survey and new drill targets shortly.


A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2e99d8b1-efef-4fb0-b2c3-a865c1bc43ac


Victor Cantore, CEO of Amex, commented, “The third drill will be testing areas that have never seen or have seen only very limited drilling in a package of rocks that yielded exceptional gold results for Amex in 2019. Two additional drills are currently on site and will continue to explore and define the Eastern Gold Zone, Grey Cat Zone, and Gratien Zone. Approximately 60,000 of our ongoing 100,000 metre program has yet to be drilled. With the completion of our two recent financings of approximately $13 million, the Company is very well capitalized for an aggressive exploration program.”


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.


The Qualified Persons have not completed sufficient work to verify the historic information on the Property, particularly in regards to the historical drill results. However, the Qualified Persons believe that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.


About Amex
Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdictions of Quebec and Ontario. Amex is focused on its 100% owned Perron gold project located 110 kilometers 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 Ontario.


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 LGZ, 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.


Primary Logo



Figure 1



Perron Property with mineralized zones



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8020 Admin

2 months ago

8020 Admin posted a press release AMEX Announces Closing of $4M Private Placement and Strategic Investment by Quebec Funds in AMEX EXPLORATION INC.


MONTREAL, Dec. 23, 2019 (GLOBE NEWSWIRE) -- Amex Exploration Inc. (“Amex” or the “Company”) (AMX: TSX-V; FRA: MX0) announces the closing of a non-brokered private placement in the amount of $4,040,000 (the “Private Placement”) on December 20, 2019, under which a total of 466,667 flow-through units priced at $1.80 (each a “FT Unit”) and 3,200,000 units priced at $1.00 (each a “Unit”) were issued.  Each FT Unit consists of one common share to qualify as a “flow-through share” within the meaning of subsection 66(15) of the Income Tax Act (Canada) and one-half of one common share purchase warrant (with each whole common share purchase warrant, a “Warrant”). Each Unit consists of one common share and half of one Warrant.  Each Warrant entitles the holder to purchase one common share of the Company at a price of $1.50 for a period of 18 months.


The Units were purchased by specialized Quebec funds, including SIDEX, Fonds de solidarité FTQ, and Fonds régionaux de solidarité FTQ. SIDEX is an initiative of the Québec government and the Fonds de solidarité FTQ whose mission is to invest in companies engaged in mineral exploration in Québec in order to diversify the province’s mineral base, promote innovation and new entrepreneurs. 


“We are pleased to have the support of these Quebec Institutional funds which are long term strategic supporters of Quebec exploration and mining projects,” commented Victor Cantore, President and CEO. “The Company is well financed, and we look forward to continuing our 100,000 metre drill program on the Perron gold property as 2020 promises to be an exciting and busy year for Amex on the exploration front.” 


All proceeds raised will be used for exploration work on the Perron property and for general working capital purposes. No commissions are payable in connection with the private placement. All securities issued pursuant to the private placement will be subject to a 4-month and one day hold period and the transaction remains subject to the receipt of all necessary regulatory approvals, including the final approval of the TSX Venture Exchange.


About Amex


Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdictions of Quebec and Ontario. Amex is focused on its 100% owned Perron gold project located 110 kilometers 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 gold project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and Ontario.


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 final approval of the TSX Venture Exchange as described herein, 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 obtain any necessary regulatory approvals,  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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8020 Admin

3 months ago

8020 Admin posted a press release Amex Drills 41.30 g/t Gold over 4.10 m including 202.81 g/t Au over 0.80 m in New Emerging Upper Gratien Zone, Perron Project in AMEX EXPLORATION INC.



  • Shallow intercept of up to 41.30 g/t Au over 4.1 m including 202.81 g/t Au over 0.8 m in Upper Gratien Zone which is located 1.5 km from the Eastern Gold Zone,



  • Multiple Gold Intercepts in Eastern Gold Zone



  • Third Drill Arriving to Site January 6th, 2020



  • High Resolution Drone Magnetic Survey Completed



MONTREAL, Dec. 05, 2019 (GLOBE NEWSWIRE) -- Amex Exploration Inc. (“Amex or the Company”) (TSX-V: AMX, FRA: MX0, OTCQX: AMXEF) is very pleased to report the results of several drill holes on its Perron property in northwestern Quebec, Canada (see figures 1 and 2 below). A complete list of results is provided in table 1. Amex provides all drill data on its website at http://www.amexexploration.com/perron/drill-data-room/.


The drill results include intersections from the Gratien Gold Zone (GGZ) and the Eastern Gold Zone (EGZ).


Figure 1: Perron Property with mineralized zones is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7e13913f-9c3b-425e-8fe1-64ce4806be97 


Figure 2: Location of the Gold Zones at Perron is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/36a9c5ee-e007-4aa7-8316-7097937019cd 


At Gratien, the Upper Gratien is an emerging new zone which returned higher grade intercepts than previously identified, indicating the potential of multiple high-grade lenses within the overall large (1+ km) Gratien gold system.



  • Hole PEG-19-104 intersected 41.30 g/t Au over 4.10 m in the Upper Gratien Zone of the GGZ, including 202.81 g/t Au over 0.80 m. This intercept occurs at a shallow depth of ~65 vertical metres.


At EGZ, drilling continues to define and expand the HGZ and Denise zones



  • Hole PE-19-105 intersected the HGZ with an interval grading 2.81 g/t Au over 12.30 m including 23.06 g/t Au over 0.70 m at a vertical depth of ~330 m. Additionally, the Denise zone returned several intersections including 1.02 g/t Au over 4.30 m and 3.21 g/t Au over 6.20 m

  • Hole PE-19-109 returned 4.80 g/t Au over 4.20 m including 26.16 g/t Au over 0.70 m in the HGZ at 25 m from PE-19-105 and at a vertical depth of ~325 m.


Kelly Malcolm, Vice President Exploration of Amex, commented, “I am very pleased with the high-grade intercept in the Upper Gratien Zone, which is the strongest mineralization, on a metal factor basis, that has been identified in that zone to date. The possibility of a multitude of high grade lenses within the broader kilometre-long Gratien system is encouraging when contemplating either open pit or underground mining scenarios. The Eastern Gold Zone also continues to intersect meaningful intervals in both the HGZ and Denise zone which continue to define and expand the system. We are awaiting assays on a number of additional drillholes, many of which encountered visible gold.”


The third drill, which is scheduled to arrive on January 6th, will be dedicated to the regional exploration program comprised of approximately 20,000 m, of the 100,000 m drill program, targeting additional high-grade gold mineralization in the under-explored portions of the highly prospective Beaupré Rhyolite block. In addition, the Company recently completed a 600 line-kilometre survey of high resolution drone magnetics at a very tight line spacing of 25 m, flown at a low altitude.


Malcolm continued, “I am very satisfied with the quality of this geophysical survey and our preliminary review of the data has indicated a number of structures that were previously not visible on historical magnetic surveys. Some of these identified structures correspond with known mineralized gold horizons and we expect that the survey will be immensely helpful and prove to be an invaluable tool in identifying additional gold mineralization elsewhere on the property. The results of the survey will be released once data review and interpretation is completed.”


The drill results, reported from several zones across Perron’s gold-bearing corridor, continue to demonstrate the robust nature of the gold system identified to date on the Perron property. Continued work will focus on the definition and extent of these known zones as well as exploration along strike of the contact of the gold-bearing Beaupré Rhyolite which is comprised of the 7 km long southern Perron fault and the 8.4 km long northern Normetal fault, both of which are known as second-order thrust fault associated with high-grade gold mineralization.


Table 1: Assay results from Gratien, and EGZ zones on the Perron project


Read more here: https://quotemedia.com/portal/quote?qm_symbol=AMX%3ACA&qmodStoryID=7727058876994539 

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Media Relations posted an update in AMEX EXPLORATION INC.

3 months ago

Amex Exploration wins Mining Pitch Battle - panel of fund manager judges Mines and Money London 2019


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Amex Exploration Inc.

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Amex Exploration Inc. (TSX-V: AMX) is a junior mining exploration company focused on developing viable gold and base metals deposits in mining-friendly jurisdictions. Amex has multiple highly prospective projects: the 100% owned Perron gold and base metal project located 110 kilometres north of R...

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Amex Exploration Inc.

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Amex Exploration Inc. (TSX-V: AMX) is a junior mining exploration company focused on developing viable gold and base ......

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8020 Admin

2 days ago

8020 Admin posted a press release Amex Intersects 9.73 G/T AU Over 9.90 M in Deepest Hole to Date at Eastern Gold Zone in AMEX EXPLORATION INC.

Extends High Grade Zone by an Additional 210 m at Depth

MONTREAL, QC / ACCESSWIRE / March 3, 2020 / Amex Exploration Inc. ("Amex or the Company") (TSX-V: AMX, FRA: MX0, OTCQX: AMXEF) is very pleased to announce the drill results from hole PE-20-144 on its 100% owned Perron gold property located Northwestern Quebec. A select list of results is provided in Table 1. Amex provides all drill data on its website at http://www.amexexploration.com/perron/drill-data-room/. The drill results include intersections from the High Grade Zone (HGZ) of the Eastern Gold Zone (EGZ).


Jacques Trottier, PhD, Executive Chairman of Amex Exploration commented, "This was an aggressive exploration hole that extends the HGZ by another 210 metres down to a vertical depth of approximately 775 metres. This is very significant as it confirms the depth potential of the gold system and the high-grade nature of the mineralized body. We are currently wedging off hole 144 with the objective of confirming grade continuity between these large 200+ metre step out holes. With only four holes drilled into the eastern extension of the HGZ we have defined an additional 400 vertical metres of high-grade gold mineralization."


Read more here: https://quotemedia.com/portal/quote?qm_symbol=AMX%3ACA&qmodStoryID=4816666832363032 

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8020 Admin

9 days ago

8020 Admin posted a press release Amex Adds 4th Drill Rig to Perron in AMEX EXPLORATION INC.

2 Rigs Now Dedicated to Eastern Gold Zone Following Excellent Results From Successful Predictive Geological Modelling

MONTREAL, CANADA / ACCESSWIRE / February 25, 2020 / Amex Exploration Inc. ("Amex or the Company") (TSX-V: AMX)(FRA: MX0)(OTCQX: AMXEF) is very pleased to announce that it has added a 4th drill rig to its 100% owned Perron gold property located Northwestern Quebec. This rig will be dedicated to exploration drilling on the Eastern Gold Zone (EGZ), given the Company's recent successful extension of the High Grade Zone (HGZ) at the EGZ. On February 13, 2020, Amex reported a composite interval of 29.44 g/t Au over 8.50 metres at a vertical depth of 570 metres in Hole PE-20-137. Using its predictive modelling techniques, the Amex geological team was able to successfully target the projected eastward and depth extension of the HGZ with thick and high-grade vein intercepts. Amex's predictive modelling uses state-of-the-art 3D modelling software, structural interpretation, geophysical surveys and exploration drilling to date as well as the combined knowledge of the geological team responsible for multiple economic mineral discoveries and producing mines.


Jacques Trottier, PhD, Executive Chairman of Amex Exploration commented, "Given the tenure, the width and the overall strengthening of the gold mineralization at depth at the EGZ we felt it was prudent to add another drill rig to rapidly follow up on these deep holes that are critical to building gold ounces at Perron. In addition, drilling is going very well at Grey Cat and Gratien Gold Zones and we have dedicated one rig to these two targets, as they are in close proximity to each other and the drilling there is relatively shallow. Finally, one rig is dedicated to regional exploration targets which, based on our predictive modelling, bare similar structural and geophysical signatures as the known gold zones at Perron. We have the team to handle the workload of the extra rig and our new core shack has ample room to process the additional drill core generated by a fourth rig."


In addition, Amex wishes to announce its participation at the Prospectors Developers Association of Canada (PDAC) 2020 Convention at both the Investors Exchange and the Core Shack in the South Building of the Metro Toronto Convention Centre.


Investors Exchange from March 1 to 4, 2020


Booth # 2716


Core Shack from March 3 to 4, 2020


Booth #3103B


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.


The Qualified Persons have not completed sufficient work to verify the historic information on the Property, particularly in regards to the historical drill results. However, the Qualified Persons believe that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.


About Amex


Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdictions of Quebec and Ontario. Amex is focused on its 100% owned Perron gold project located 110 kilometers 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 Ontario.


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 LGZ, 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.


SOURCE: Amex Exploration Inc.


View source version on accesswire.com:
https://www.accesswire.com/577687/Amex-Adds-4th-Drill-Rig-to-Perron

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8020 Admin

21 days ago

8020 Admin posted a press release Amex Reports 29.40 g/t Au Over 8.50 metres In Deepest Hole to Date on Eastern Gold Zone in AMEX EXPLORATION INC.

Extends Gold Mineralization Along Strike and to Depth


MONTREAL, Feb. 13, 2020 (GLOBE NEWSWIRE) -- Amex Exploration Inc. (“Amex or the Company”) (TSX-V: AMX, FRA: MX0, OTCQX: AMXEF) is very pleased to report multiple high grade drill results from the Eastern Gold Zone on its 100% owned Perron property in northwestern Quebec, Canada (see figure 1). A select list of results is provided in Table 1. Amex provides all drill data on its website at http://www.amexexploration.com/perron/drill-data-room/. The drill results include intersections from the High Grade Zone (HGZ) of the Eastern Gold Zone (EGZ).


Amex is pleased to report very high-grade gold from the deepest holes reported to date on the HGZ. Hole PE-20-137 significantly extends the gold mineralization at depth by 150 metres as well as along strike by 75 metres and is to the east of a late stage diabase dike as shown in Figure 2. Importantly, Hole PE-20-137 shows exceptional grade continuity over the composite interval of 29.44 g/t Au over 8.50 metres at a vertical depth of 570 metres including 60.47 g/t Au over 0.70 metres, 11.68 g/t Au over 1.00 metres, 48.71 g/t Au over 0.60 metres, 50.31 g/t Au over 0.50 metres, and 279.72 g/t Au over 0.50 metres.


In addition, Amex is pleased to report additional high grade gold mineralization in Hole PE-20-132 that intersected 62.67 g/t Au over 1.00 metre at a vertical depth of 385 metres, including 81.12 g/t Au over 0.50 metres and 44.21 g/t Au over 0.50 metres. This intercept includes a large quartz vein of which the entire interval, including the above intercepts, grades 11.68 g/t Au over 5.50 metres. A number of additional gold intersects from the HGZ and Denise Zones are reported in Table 1.


Dr. Jacques Trottier, Executive Chairman of Amex Exploration said, “The high-grade results reported today on the HGZ are very important to the Eastern Gold Zone and the overall Perron project. We have successfully targeted the projected eastward and depth extension of the HGZ with thick and high-grade vein intercepts of up to nearly one ounce per tonne gold over 8.50 metres. We look forward to continuing to test the size of this very high grade gold system now continuing on the East side of a late Proterozoic diabase dyke. In my personal opinion, this opens up a whole new area of exploration in the Eastern Gold Zone and is reminiscent of similar Abitibi gold mines that have significant depth potential.”


Figure 1: Perron Property with mineralized zones


https://www.globenewswire.com/NewsRoom/AttachmentNg/61bb9d7c-2f22-4d58-8fad-e816cff5da67


Figure 2: High Grade Zone of EGZ Long Section


https://www.globenewswire.com/NewsRoom/AttachmentNg/82f7fba7-2b21-4



Read more here:  https://quotemedia.com/portal/quote?qm_symbol=AMX%3ACA&qmodStoryID=4770542542410415 

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8020 Admin

28 days ago

8020 Admin posted a press release Amex Reports Near Surface and High-Grade Gold at Grey Cat and Gratien Gold Zones in AMEX EXPLORATION INC.

Grey Cat Reports Near-Surface Gold Over Substantial Widths - 2.19 g/t Au over 23.60 metres in PEG-19-125

Gratien Delivers High-grade Trend Extension Near Surface With 19.63 g/t Au over 2.25 metres in PEG-20-130

MONTREAL, Feb. 06, 2020 (GLOBE NEWSWIRE) -- Amex Exploration Inc. (“Amex or the Company”) (TSX-V: AMX, FRA: MX0, OTCQX: AMXEF) is very pleased to report the results of several drill holes on its Perron property in northwestern Quebec, Canada (see figure 1). A select list of results is provided in table 1. Amex provides all drill data on its website at http://www.amexexploration.com/perron/drill-data-room/. The drill results include intersections from the Grey Cat Zone (GCZ) and Gratien Gold Zone (GGZ).


Mr. Victor Cantore, President and CEO of Amex Exploration said, “Roughly one year following the discovery of the Eastern Gold Zone, we have transformed this property from one very high grade gold target to three separate gold zones spread over 3.2 km. Based on our exploration to date we believe each of these zones has the potential to be robust gold deposits as they are open to depth and along strike. Today I am very pleased to be reporting results from our two western targets. The western section of the property is a highly underexplored and we believe the potential there is vast. Of course, the Eastern Gold Zone is continuing to deliver exceptional drill core and I am keen to report those results in the coming weeks.”


At Grey Cat, the Company has identified near-surface gold over substantial widths, including up to 2.19 g/t Au over 23.60 m, including 15.45 g/t Au over 1.50 metres and 33.19 g/t Au over 0.60 metre, beginning at 20 metres below surface in hole PEG-19-125. This interval contained several zones of quartz veining and associated mineralization including visible gold, spread throughout the 23.60 m zone. The interval also expanded the near-surface strike length by 50 m. The Grey Cat Zone gold system is now defined to a minimum of 160 m along strike and to a vertical depth 435 m and remains open in all directions.


“The Grey Cat Zone is definitely a bulk tonnage target and our current drilling is aimed at building near surface ounces in that zone,” commented Jacques Trottier PhD, Executive Chairman of the Board of Directors of Amex Exploration. “In addition, our drilling has identified high-grade mineralization within the overall Grey Cat system. The Grey Cat has seen relatively little drilling and is already showing excellent potential. I am personally very excited by the significant depth extension potential as well as extension of the zone to the west.” 


At Gratien, the Company continues to expand and define the multiple stacked zones which include the Lower Gratien, Gratien Main and Upper Gratien Zones. To date, the Gratien system has been defined over one kilometre of strike, with individual lenses ranging between 150 and 400 metres in strike length. The system remains open at depth and has mostly been tested to a maximum depth of 200 metres. Gratien Main results include 19.63 g/t Au over 2.25 metres including 86.35 g/t Au over 0.50 metres at a vertical depth of ~75 metres in hole PEG-20-130. In the Upper Gratien zone, results include 9.81 g/t Au over 1.30 metres including 17.90 g/t Au over 0.70 metres in Hole PEG-19-111. Further gold intercepts are reported below.


“The drilling at Gratien has been continually expanding the known stacked zones and helping us to better define the high grade lens within these zones,” Trottier said. “We are seeing a high grade lens right a surface in the Upper and Main Gratien. Expansion and definition of a robust gold zone is the focus of our drilling campaign at Gratien.”


Table 1: Assay results from Grey Cat and Gratien Gold Zones on the Perron project


Read more here: https://quotemedia.com/portal/quote?qm_symbol=AMX%3ACC&qmodStoryID=586140539483708  

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8020 Admin

1 month ago

8020 Admin posted a press release Amex Takes Aim at Multiple New Gold Targets in Regional Exploration Drill Program at Perron in AMEX EXPLORATION INC.

MONTREAL, Jan. 28, 2020 (GLOBE NEWSWIRE) -- Amex Exploration Inc. (“Amex or the Company”) (TSX-V: AMX, FRA: MX0, OTCQX: AMXEF) is very pleased to report the results of a high resolution drone magnetic survey on its Perron property in northwestern Quebec, Canada (see figures 1 and 2 below).


The magnetic survey was completed over the highly prospective Beaupre block, in which Amex has identified the Eastern Gold Zone (EGZ), the Gratien Gold Zone (GGZ), the Central Polymetallic Zone (CPZ), and the Grey Cat Zone (GCZ). The objective of this survey was to identify structural targets which may be associated with additional zones of gold mineralization, especially in areas within this large block that have been highly underexplored. The drone survey data was then combined with and compared to a helicopter magnetic and EM survey completed by Agnico Eagle Mines Limited in 2014 and regional datasets completed by the Quebec, Ontario, and federal governments to provide a comprehensive regional picture. Amex is currently executing a 100,000 m drill campaign on Perron, of which 20,000 m is dedicated to a regional exploration program. Multiple structural geologists and geophysicists with international experience in the field have reviewed and interpreted the dataset in consultation with the Amex geological team.


Victor Cantore, CEO of Amex, commented, “This magnetic survey is of exceptional quality and has provided Amex with an immense amount of structural data. The gold mineralization at Perron is highly controlled by structures and can be difficult to identify with electrical methods including EM and IP, and thus we rely heavily on structural data derived from magnetic surveys, outcrops, and drillcore to determine our drill targets. This new dataset has identified numerous cryptic faults which may be associated with gold mineralization. Of particular interest, is the western portion of the Beaupre block, where our geological team has identified targets that are analogous to the known zones of gold mineralization at Perron. We currently have a drill testing these western targets, which have seen very little to no surface exploration or drilling in the past. Our geological model has been highly successful in the past, identifying the EGZ, the GCZ and high-grade gold mineralization at the GGZ. I am very optimistic that the data from this survey will be accretive to this model and help us to efficiently use our 20,000 m of regional drilling to locate more gold zones in the Beaupre Block.”


Cantore continued, “With regards to our ongoing drilling program on EGZ, GCZ and GGZ, I am pleased to report that drilling is going very well. We have seen numerous and significant intervals of mineralization often containing visible gold from all three zones and we are anxiously awaiting the results of these intersections and expect to receive and release these results to the market in the very near term.”


Qualified Person
Maxime Bouchard P.Geo. M.Sc.A., (OGQ 1752) and Jérôme Augustin P.Geo. Ph.D., (OGQ 2134) of Laurentia Exploration, 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. Core logging and sampling were completed by Laurentia Exploration. 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.


The Qualified Persons have not completed sufficient work to verify the historic information on the Property, particularly in regard to historical drill results. However, the Qualified Persons believe that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.


About Amex
Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdictions of Quebec and Ontario. Amex is focused on its 100% owned Perron gold project located 110 kilometers 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 Ontario.


For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: 514-831-3809


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 LGZ, 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.


Two photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/0e822739-c27d-4a9e-9f7c-fd15ccbee2b3


https://www.globenewswire.com/NewsRoom/AttachmentNg/5e834f1b-8e39-4cdb-97f6-af3e12270fa3


Primary Logo



Figure 1



Perron Property with mineralized zones



Figure 2



Results of High-resolution Magnetic Survey over the Beaupre Rhyolite Block at Perron. Exploration targets, for both gold and VMS mineralization, are identified in black.



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8020 Admin

2 months ago

8020 Admin posted a press release Amex Exploration Exhibiting at Booth 631, Vancouver Resource Investment Conference, Jan 19-20, 2020 in AMEX EXPLORATION INC.

Vancouver, British Columbia--(Newsfile Corp. - January 14, 2020) - Amex Exploration (TSXV: AMX) would like to cordially invite you to visit us at Booth #631 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Sunday January 19 – Monday January 20, 2020.


The Vancouver Resource Investment Conference has been the bellwether of the junior mining market for the last twenty-five years. It is the number one source of information for investment trends and ideas, covering all aspects of the natural resource industry.


Each year, the VRIC hosts over 60 keynote speakers, 350 exhibiting companies and 9000 investors.


Investment thought leaders and wealth influencers provide our audiences with valuable insights. C-suite company executives covering every corner of the mineral exploration sector as well as metals, oil & gas, renewable energy, media and financial services companies are available to speak one on one. This is a must-attend for investors and stakeholders in the global mining industry.


For more information and/or to register for the conference please visit: https://cambridgehouse.com/vancouver-resource-investment-conference.


We look forward to seeing you there.


For further information:


Amex Exploration
Victor Cantore
514-831-3809
victor.cantore@baycapitalmarkets.com
www.amexexploration.com

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8020 Admin

2 months ago

8020 Admin posted a press release Third Drill Mobilized to Amex Perron Project as Part of 100,000 Metre Drill Program in AMEX EXPLORATION INC.

MONTREAL, Jan. 06, 2020 (GLOBE NEWSWIRE) -- Amex Exploration Inc. (“Amex or the Company”) (TSX-V: AMX, FRA: MX0, OTCQX: AMXEF) is very pleased to announce that a third drill has been mobilized to its 100% owned Perron property in northwestern Quebec, Canada as part of its ongoing fully-funded 100,000 metre drill program.


The third drill will be used to test regional exploration targets along strike to the east and west of the current 3.2 kilometre-long corridor of known gold mineralization (Gratien Gold Zone to Eastern Gold Zone). Approximately 20,000 metres of drilling will be dedicated to testing unexplored or underexplored structures within the Beaupre Rhyolite block, which hosts the Eastern Gold Zone, the Gratien Gold Zone, the Central Polymetallic Zone, and the Grey Cat Zone. The Beaupre Block, a highly prospective package that is known to host gold at the Perron property, was the subject of a detailed drone magnetic survey flown in late 2019. Amex expects to announce the interpretation of the drone survey and new drill targets shortly.


A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2e99d8b1-efef-4fb0-b2c3-a865c1bc43ac


Victor Cantore, CEO of Amex, commented, “The third drill will be testing areas that have never seen or have seen only very limited drilling in a package of rocks that yielded exceptional gold results for Amex in 2019. Two additional drills are currently on site and will continue to explore and define the Eastern Gold Zone, Grey Cat Zone, and Gratien Zone. Approximately 60,000 of our ongoing 100,000 metre program has yet to be drilled. With the completion of our two recent financings of approximately $13 million, the Company is very well capitalized for an aggressive exploration program.”


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.


The Qualified Persons have not completed sufficient work to verify the historic information on the Property, particularly in regards to the historical drill results. However, the Qualified Persons believe that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.


About Amex
Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdictions of Quebec and Ontario. Amex is focused on its 100% owned Perron gold project located 110 kilometers 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 Ontario.


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 LGZ, 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.


Primary Logo



Figure 1



Perron Property with mineralized zones



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8020 Admin

2 months ago

8020 Admin posted a press release AMEX Announces Closing of $4M Private Placement and Strategic Investment by Quebec Funds in AMEX EXPLORATION INC.


MONTREAL, Dec. 23, 2019 (GLOBE NEWSWIRE) -- Amex Exploration Inc. (“Amex” or the “Company”) (AMX: TSX-V; FRA: MX0) announces the closing of a non-brokered private placement in the amount of $4,040,000 (the “Private Placement”) on December 20, 2019, under which a total of 466,667 flow-through units priced at $1.80 (each a “FT Unit”) and 3,200,000 units priced at $1.00 (each a “Unit”) were issued.  Each FT Unit consists of one common share to qualify as a “flow-through share” within the meaning of subsection 66(15) of the Income Tax Act (Canada) and one-half of one common share purchase warrant (with each whole common share purchase warrant, a “Warrant”). Each Unit consists of one common share and half of one Warrant.  Each Warrant entitles the holder to purchase one common share of the Company at a price of $1.50 for a period of 18 months.


The Units were purchased by specialized Quebec funds, including SIDEX, Fonds de solidarité FTQ, and Fonds régionaux de solidarité FTQ. SIDEX is an initiative of the Québec government and the Fonds de solidarité FTQ whose mission is to invest in companies engaged in mineral exploration in Québec in order to diversify the province’s mineral base, promote innovation and new entrepreneurs. 


“We are pleased to have the support of these Quebec Institutional funds which are long term strategic supporters of Quebec exploration and mining projects,” commented Victor Cantore, President and CEO. “The Company is well financed, and we look forward to continuing our 100,000 metre drill program on the Perron gold property as 2020 promises to be an exciting and busy year for Amex on the exploration front.” 


All proceeds raised will be used for exploration work on the Perron property and for general working capital purposes. No commissions are payable in connection with the private placement. All securities issued pursuant to the private placement will be subject to a 4-month and one day hold period and the transaction remains subject to the receipt of all necessary regulatory approvals, including the final approval of the TSX Venture Exchange.


About Amex


Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdictions of Quebec and Ontario. Amex is focused on its 100% owned Perron gold project located 110 kilometers 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 gold project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and Ontario.


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 final approval of the TSX Venture Exchange as described herein, 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 obtain any necessary regulatory approvals,  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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8020 Admin

3 months ago

8020 Admin posted a press release Amex Drills 41.30 g/t Gold over 4.10 m including 202.81 g/t Au over 0.80 m in New Emerging Upper Gratien Zone, Perron Project in AMEX EXPLORATION INC.



  • Shallow intercept of up to 41.30 g/t Au over 4.1 m including 202.81 g/t Au over 0.8 m in Upper Gratien Zone which is located 1.5 km from the Eastern Gold Zone,



  • Multiple Gold Intercepts in Eastern Gold Zone



  • Third Drill Arriving to Site January 6th, 2020



  • High Resolution Drone Magnetic Survey Completed



MONTREAL, Dec. 05, 2019 (GLOBE NEWSWIRE) -- Amex Exploration Inc. (“Amex or the Company”) (TSX-V: AMX, FRA: MX0, OTCQX: AMXEF) is very pleased to report the results of several drill holes on its Perron property in northwestern Quebec, Canada (see figures 1 and 2 below). A complete list of results is provided in table 1. Amex provides all drill data on its website at http://www.amexexploration.com/perron/drill-data-room/.


The drill results include intersections from the Gratien Gold Zone (GGZ) and the Eastern Gold Zone (EGZ).


Figure 1: Perron Property with mineralized zones is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7e13913f-9c3b-425e-8fe1-64ce4806be97 


Figure 2: Location of the Gold Zones at Perron is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/36a9c5ee-e007-4aa7-8316-7097937019cd 


At Gratien, the Upper Gratien is an emerging new zone which returned higher grade intercepts than previously identified, indicating the potential of multiple high-grade lenses within the overall large (1+ km) Gratien gold system.



  • Hole PEG-19-104 intersected 41.30 g/t Au over 4.10 m in the Upper Gratien Zone of the GGZ, including 202.81 g/t Au over 0.80 m. This intercept occurs at a shallow depth of ~65 vertical metres.


At EGZ, drilling continues to define and expand the HGZ and Denise zones



  • Hole PE-19-105 intersected the HGZ with an interval grading 2.81 g/t Au over 12.30 m including 23.06 g/t Au over 0.70 m at a vertical depth of ~330 m. Additionally, the Denise zone returned several intersections including 1.02 g/t Au over 4.30 m and 3.21 g/t Au over 6.20 m

  • Hole PE-19-109 returned 4.80 g/t Au over 4.20 m including 26.16 g/t Au over 0.70 m in the HGZ at 25 m from PE-19-105 and at a vertical depth of ~325 m.


Kelly Malcolm, Vice President Exploration of Amex, commented, “I am very pleased with the high-grade intercept in the Upper Gratien Zone, which is the strongest mineralization, on a metal factor basis, that has been identified in that zone to date. The possibility of a multitude of high grade lenses within the broader kilometre-long Gratien system is encouraging when contemplating either open pit or underground mining scenarios. The Eastern Gold Zone also continues to intersect meaningful intervals in both the HGZ and Denise zone which continue to define and expand the system. We are awaiting assays on a number of additional drillholes, many of which encountered visible gold.”


The third drill, which is scheduled to arrive on January 6th, will be dedicated to the regional exploration program comprised of approximately 20,000 m, of the 100,000 m drill program, targeting additional high-grade gold mineralization in the under-explored portions of the highly prospective Beaupré Rhyolite block. In addition, the Company recently completed a 600 line-kilometre survey of high resolution drone magnetics at a very tight line spacing of 25 m, flown at a low altitude.


Malcolm continued, “I am very satisfied with the quality of this geophysical survey and our preliminary review of the data has indicated a number of structures that were previously not visible on historical magnetic surveys. Some of these identified structures correspond with known mineralized gold horizons and we expect that the survey will be immensely helpful and prove to be an invaluable tool in identifying additional gold mineralization elsewhere on the property. The results of the survey will be released once data review and interpretation is completed.”


The drill results, reported from several zones across Perron’s gold-bearing corridor, continue to demonstrate the robust nature of the gold system identified to date on the Perron property. Continued work will focus on the definition and extent of these known zones as well as exploration along strike of the contact of the gold-bearing Beaupré Rhyolite which is comprised of the 7 km long southern Perron fault and the 8.4 km long northern Normetal fault, both of which are known as second-order thrust fault associated with high-grade gold mineralization.


Table 1: Assay results from Gratien, and EGZ zones on the Perron project


Read more here: https://quotemedia.com/portal/quote?qm_symbol=AMX%3ACA&qmodStoryID=7727058876994539 

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Thumb 8020 media relations

Media Relations posted an update in AMEX EXPLORATION INC.

3 months ago

Amex Exploration wins Mining Pitch Battle - panel of fund manager judges Mines and Money London 2019


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