Dr. Jacques Trottier reports
AMEX DRILLS HIGH GRADE GOLD FROM HGZ ZONE OF PERRON INCLUDING UP TO 43.74 G/T GOLD OVER 6.90 METRES IN SHALLOW HOLE AND 28.64 G/T GOLD OVER 5.00 METRES AT DEPTH
Amex Exploration Inc. has released a total of 26 drill holes focused on expansion and definition drilling of the high-grade zone on the Perron project.
Today's results are focused on on-strike expansion as well as definition drilling of the high-grade zone as the company works toward its maiden resource on the Perron project. A complete list of results is available in the associated tables. In addition to the results detailed, Amex is awaiting results on over 14,200 samples at three labs from holes targeting the HGZ, Denise, QF zone and Grey Cat zone, as well as regional exploration drilling.
Jacques Trottier, PhD, executive chairman of Amex Exploration, commented: "I am very excited with today's results for several reasons. Firstly, the highest metal factor hole in this release, PE-21-409 returning 43.74 g/t Au over 6.90 m, comes from an area of the shallower HGZ that had previously thought to be lower grade as shown in [an image on the company's website]. Three additional intercepts, PE-21-418, PE-21-399 and PE-383W1, also confirm the high-grade potential in this lower grade area that should add significant ounces to the eventual resource estimate. Secondly, our drilling at depth continues to reaffirm our interpretation of strong continuity and a larger envelope of greater than 50 metal factor mineralization. Amex has a number of drill holes pending from the high-grade zone as well as across the project and we look forward to receiving the outstanding results."
ASSAY RESULTS FROM THE WESTERN (SHALLOWER) HIGH-GRADE ZONE AT PERRONHole IDFrom To Length Au Vertical depth Metal factor(m)(m)(m)(g/t)(m)(g/t*m)PE-21-409374.90 381.80 6.9043.74 350.00302including380.00 380.80 0.8029.78including380.80 381.30 0.50 531.99PE-21-383W1538.50 542.00 3.5076.61 480.00268including540.00 540.50 0.50 530.97PE-21-392297.50 304.05 6.5536.02 250.00236including302.50 303.55 1.05 218.15PE-21-413338.20 340.00 1.80 102.43 300.00184including338.70 339.20 0.50 357.30PE-21-378214.75 221.00 6.25 9.46 160.00 59including219.40 220.45 1.0544.49PE-21-399351.90 358.30 6.40 7.87 330.00 50including357.80 358.30 1.0074.47PE-21-410720.00 730.6510.65 4.65 650.00 50including722.85 723.75 0.9024.22PE-21-421466.00 474.90 8.90 4.52 440.00 40including474.40 474.90 0.5074.96PE-21-418343.75 351.00 7.25 3.94 320.00 29including348.95 349.75 0.8030.23PE-21-390198.20 205.00 6.80 2.33 160.00 16including202.90 203.50 0.6023.32PE-21-385212.00 220.25 8.25 2.80 170.00 23including219.75 220.25 0.5025.52PE-21-383551.80 561.00 9.20 0.72 490.006PE-21-420667.50 669.55 2.05 8.88 590.00 18including667.50 668.20 0.7023.97* Note that drill results are presented uncapped and lengths represent core lengths. True width is estimated to be about 70 to 80 per cent in HGZ. Metal factor is defined as gold grade multiplied by core length.ASSAY RESULTS FROM THE EASTERN (DEEPER) HIGH-GRADE ZONE AT PERRONHole ID FromToLengthAu Vertical depth Metal factor (m) (m) (m) (g/t)(m)(g/t*m)PE-21-386 929.50934.505.00 28.64 850.00143including 932.75934.501.75 79.06PE-21-404 1,062.001,068.406.40 15.63 965.00100including 1,062.901,063.901.00 86.16PE-21-403W1 783.50791.808.30 14.78 690.00123including 786.90787.951.05113.56PE-21-412 415.00420.005.00 14.85 330.00 74including 418.75419.500.75 89.62PE-21-347W1 1,080.301,088.007.707.18 1,000.00 55including 1,080.301,081.000.70 54.78PE-21-347W2 1,095.601,104.508.905.50 1,040.00 49including 1,095.601,098.102.50 18.14PE-21-423 424.30428.404.109.44 340.00 39PE-21-403 790.20793.303.105.41 700.00 17including 792.80793.300.50 31.43PE-21-393 483.40484.050.65 29.89 410.00 19PE-21-389 485.50487.001.507.55 410.00 11PE-21-400 460.00464.104.101.37 380.006PE-21-408 419.35420.401.050.70 340.001PE-21-419 415.00419.954.952.06 330.00 10* Note that drill results are presented uncapped and lengths represent core lengths. True width is estimated to be about 70 to 80 per cent in HGZ. Metal factor is defined as gold grade multiplied by core length.
Qualified person
Maxime Bouchard, PGeo, MScA (OGQ 1752), and Jerome Augustin, PGeo, PhD (OGQ 2134), independent qualified persons as defined by Canadian National Instrument 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 Mr. Bouchard and Dr. Augustin. The quality assurance and quality control protocols 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 three parts per million Au are reanalyzed by fire assay with finish by gravimetry by Laboratoire Expert, 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 per cent less than two millimetres prior to pulverization, in order to homogenize samples that may contain coarse gold. Core logging and sampling were completed by Laurentia Exploration.
About Amex Exploration Inc.
Amex Exploration 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-per-cent-owned Perron gold project located 110 kilometres north of Rouyn-Noranda, Que., 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.
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