Ground Geophysics Identifies Drill Targets at Perron Eastern Gold Zone
MONTREAL, Sept. 05, 2018 (GLOBE NEWSWIRE) -- Amex Exploration Inc. (TSXV: AMX) (“Amex” or the “Corporation”) is pleased to announce that an IP geophysical ground survey has just been completed at the 100% owned Perron Property located in Abitibi, Quebec. This survey covers approximately 2 km2 of the recently identified Eastern Gold Zone (See PR-2018-03-01) using a 100 to 200 meter spacing grid totalling 16.3 km of cut lines (see fig.1). The survey was done by Abitibi Geophysique Inc. using their proprietary technology "OreVisionIP". Results of this survey will be integrated into the 3D model that Innovexplo and Amex has created for the next drilling targets at the Eastern Gold Zone as well as its potential lateral extensions and other similar gold bearing structures. A follow-up drill program is being prepared with the support of the updated 3D model that should help to better define the geometric and genetic relationship of this new Eastern Gold Zone.
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Figure 1-Geophysical Survey Grid Perron Property: http://www.globenewswire.com/NewsRoom/AttachmentNg/b6c31667-5675-436a-9e99-7b6e5ccec866
The Eastern Gold Zone was identified during the last drilling program at Perron with holes PE-2017-01A and PE-2017-03 combined with historic holes PE-1997-35 and PE-2013-04 (see table 1 and 2). This gold bearing structure can be followed over a strike length of at least 200 meters from near surface down to a vertical depth of at least 450 meters within an envelope that varies from about 20 meters to more than 50 meters of width that have returned drilled intersect of up to 7.89 g/t Au over 7.5 meters (see fig.2 and 3).
| Hole | From | To | Length (m) | Au (g/t) |
| PE-2017-01A | 201.0 | 240.0 | 39.0 | 1.40 |
| PE-2017-01A incl | 214.5 | 225.0 | 10.5 | 2.63 |
| PE-2017-01A incl | 214.5 | 216.0 | 1.5 | 6.66 |
| PE-2017-01A incl* | 223.5 | 225 | 1.5 | 9.55* |
| PE-2017-01A incl | 234 | 240 | 6.0 | 2.43 |
| PE-2017-01A incl | 238.5 | 240.0 | 1.5 | 5.12 |
| Hole | From | To | Length (m) | Au (g/t) |
| PE-2017-03 | 310.5 | 318.0 | 7.5 | 7.89 |
| PE-2017-03 incl | 311.9 | 316.56 | 4.66 | 12.22 |
| PE-2017-03 incl * | 311.9 | 312.47 | 0.57 | 16.70* |
| PE-2017-03 incl * | 315.56 | 316.56 | 1.0 | 47.20* |
| PE-2017-03 | 406.5 | 483.0 | 76.5 | 0.81 |
| PE-2017-03 incl | 406.5 | 423.0 | 16.5 | 1.20 |
| PE-2017-03 incl | 406.5 | 408.0 | 1.5 | 5.10 |
| PE-2017-03 incl | 447.0 | 451.5 | 4.5 | 3.91 |
| PE-2017-03 incl | 448.5 | 450.0 | 1.5 | 9.67 |
| PE-2017-03 | 498.0 | 510.0 | 12.0 | 0.56 |
| PE-2017-03 incl | 502.5 | 505.5 | 3.0 | 1.01 |
Table 1: GOLD INTERCEPTS OF 2017-18 HOLES ON THE EASTERN GOLD ZONE
Geochemical analysis was executed by ALS Minerals in Val D’Or.
* Coarse grain of gold.
Note that these are intervals intersected along the hole and the true thickness is undetermined.
| Hole | From | To | Length (m) | Au (g/t) |
| PE-2013-04 | 200.7 | 219.4 | 18.7 | 0.53 |
| PE-2013-04 incl | 206.3 | 214.7 | 8.4 | 1.04 |
| PE-2013-04 incl | 207.7 | 211.2 | 3.5 | 1.71 |
| PE-2013-04 incl* | 210.9 | 211.2 | 0.3 | 12.93* |
| Hole | From | To | Length (m) | Au (g/t) |
| PE-1997-35 | 20.0 | 59.1 | 39.1 | 0.43 |
| PE-1997-35 incl | 52.0 | 54.3 | 2.3 | 1.28 |
| PE-1997-35 incl | 55.8 | 59.1 | 3.4 | 1.14 |
| PE-1997-35incl | 56.8 | 59.1 | 1.3 | 2.41 |
Table 2: HISTORIC HOLES ON THE EASTERN GOLD ZONE (See PR2018-01-25)
Geochemical analysis was executed by ALS Mineral in Val D’Or.
* Coarse grain of gold.
Interval intersected along the hole, undetermined true thickness.
Hole PE-2013-04 was re-sampled in 2017, with historical results.
Figure 2 – Perron Eastern Gold Zone - Surface Plan Projection: http://www.globenewswire.com/NewsRoom/AttachmentNg/611a5fd1-34a1-4452-8565-9cc7701ed2d5
Figure 3 – Perron Eastern Gold Zone – Section 613430E: http://www.globenewswire.com/NewsRoom/AttachmentNg/739e2a0c-760c-43e4-a485-bc3473619414
About Amex
Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to develop and bring into production viable gold and base metals deposits in mining-friendly jurisdictions. Amex has multiple highly prospective projects: the 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 116 adjacent claims covering 4518 hectares; the 100% owned Eastmain River gold properties consisting of 135 claims covering 7,102 hectares and the 100% owned Lebel-sur-Quévillon project in Quebec, comprising 263 claims covering 14,743 hectares. In addition, Amex has an option agreement to acquire a 100% interest in the Gowan Property located near the Kidd Creek Mine.
For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: 514-866-8209
Forward-looking statements:
Except for statements of historical facts, all statements in this news release regarding, without limitation, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements.
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