Amex Expl Stock Price, News & Analysis

Amex Exploration (TSXV: AMX, OTCQX: AMXEF) has successfully completed the acquisition of the Perron West Project, expanding its mining portfolio with 100% undivided interest in strategic properties across Quebec and Ontario. The acquisition encompasses:

- 48 contiguous claims totaling 1,737 hectares adjacent to the Company's existing Perron project in Quebec's Abitibi-Témiscamingue region

- 35 mining claims (33 multi-cell and 2 single-cell) covering 13,455 hectares in Ontario's Abbotsford, Adair and Hepburn Townships

The total acquired area spans 15,192 hectares. The transaction was executed through a definitive asset purchase agreement with an arm's length vendor, following the previous announcement made on March 25, 2025.

Amex Exploration (AMXEF) has announced significant drill results from its Perron Project in northwestern Abitibi, Quebec, expanding the Central Polymetallic Zone (CPZ) mineralized footprint by approximately 130m westward near surface. The key highlight comes from drill hole PEG-25-854, which intercepted 39.06 g/t Au, 331.92 g/t Ag, 1.14% Cu, 3.38% Zn, and 2.35% Pb over 1.30m at a vertical depth of ~105m.

The CPZ is characterized as a discordant linear volcanogenic hydrothermal feeder with gold-bearing quartz-sulfide veins. Recent drilling has successfully extended the zone both up and down plunge since the June 30, 2024 Mineral Resource Estimate. The geology team has identified potential for CPZ extension at depth, with a possible correlation to the Donna Copper Zone, following a pattern similar to other regional VMS orebodies that show zinc enrichment near surface and copper enrichment at depth.

Amex Exploration (AMXEF) has announced a significant land acquisition through a definitive asset purchase agreement, expanding its Perron Project from 4,560 to 19,752 hectares. The newly acquired Perron West Project adds 15,192 hectares across Quebec and Ontario provinces.

The acquisition includes 48 contiguous claims in Quebec (1,737 hectares) and 35 mining claims in Ontario (13,455 hectares). The property features seven gold and five copper showings, with recent soil sampling yielding promising results including 1.75 g/t Au. The expansion gives Amex control over 35 km of the Normétal Fault and 9 km of the Perron Fault.

The purchase terms include: $150,000 cash payment, issuance of 1.5 million company shares (with 36-month staged release), a 1.5% gross overriding royalty, and milestone payments of $1 million each upon reaching specific resource and economic study targets. The transaction awaits TSX Venture Exchange approval.

Amex Exploration (AMXEF) has announced its fully funded 2025 exploration drill program for the Perron Project in Quebec. The program has two main components:

1. A Regional Program focused on exploring new, untested targets across multiple areas to discover new High Grade Zone structures in the Beaupré Block and other locations.

2. An Expansion Program aimed at growing resources in areas identified in the recent Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA), particularly through step-out drilling.

The regional program will focus on three main areas: the untested Patten Pluton and its contacts, northwestern areas of the Beaupré Block, and the Normétal South Block. The expansion program targets additional near-surface ounces at multiple zones including Gratien, Grey Cat, and Denise, while also conducting some drilling at the High Grade Zone to upgrade resource confidence.

Amex Exploration has announced significant drilling results expanding multiple gold zones at its Perron Project in northwestern Abitibi, Quebec. Key high-grade gold intersections include:

- Denise Zone: 35.82 g/t Au over 1.20m (including 60.82 g/t Au over 0.70m)
- Upper High Grade Zone: 69.03 g/t Au over 0.50m
- E2 Zone: 5.75 g/t Au over 2.40m and 6.02 g/t Au over 3.00m
- Grey Cat Zone: 49.75 g/t Au over 0.60m
- Gratien Zone: 5.71 g/t Au over 3.80m and 7.44 g/t Au over 2.00m
- JT Zone: 0.61 g/t Au over 162.00m and 0.72 g/t Au over 123.00m

The drilling program was optimized following the recent Preliminary Economic Assessment (PEA) to add economically viable ounces to existing zones. The company also reported its first discovery of visible gold mineralization outside the Beaupré Block in the basalts, demonstrating potential for gold mineralization across the entire Perron property.

Amex Exploration (TSXV: AMX, OTCQX: AMXEF) has filed the NI 43-101 compliant Preliminary Economic Assessment (PEA) technical report for its 100% owned Perron gold project in Quebec, Canada. The report, with an effective date of September 5, 2024, follows the previously announced results from November 13, 2024. The technical report was prepared by a team of qualified professionals from various consulting firms including GoldMinds Geoservices, Laurentia Exploration, Evomine Consulting, Bumigeme, and Groupe Alphard. The complete report titled 'NI 43-101 Technical Report, Preliminary Economic Assessment, Perron Project, Quebec, Canada' is available on the company's website and SEDAR+.

CEO.CA, a leading investor social network for venture stocks and subsidiary of EarthLabs, Inc., has released its latest 'Inside the Boardroom' interviews featuring executives from junior mining companies. The episode features discussions with Victor Cantore of Amex Exploration and Gareth and Eira Thomas of Westhaven Gold, focusing on PEA updates and company catalysts. CEO.CA, established in 2012, serves millions of visitors annually as one of Canada's most popular financial websites, offering a platform for investors to connect and share knowledge about stocks, commodities, and emerging companies.

Amex Exploration announces positive PEA results for its wholly-owned Perron gold project in Quebec. The project demonstrates strong economics with a pre-tax IRR of 59.5% and NPV of C$948 million at US$2,000/oz gold. The mine plan envisions a 10-year operation producing an average of 101,000 oz Au annually, with higher production of 124,000 oz Au in the first 5 years. Initial capital expenditure is estimated at C$229 million with all-in sustaining costs of US$807/oz Au. The project will utilize underground mining supplemented by open pit operations, processing 1,750 tonnes per day with a 95% gold recovery rate. Environmental impact is minimized by using mined-out pits for tailings storage.

Amex Exploration (AMXEF) announced expansion of its Central Polymetallic Zone (CPZ) with high-grade drill results, including 134.36 g/t Au over 1.8 m at ~435m depth. The new intercept could extend CPZ by 100m beyond its current area. Additional drilling at High Grade and Team Zones intercepted mineralization outside the Perron Project's disclosed resource, with notable results including 5.06 g/t Au over 9.60 m at the High Grade Zone and 62.50 g/t Au over 0.60 m at the Team Zone. The company also expanded the JT Zone to approximately 450m of strike with 60m thickness. The zone remains open to the east at depth.