Amex Drills 76.51 g/t Au over 6.40 m in First Hole of Bulk Sample Grade Control Program
Rhea-AI Summary
Amex Exploration (OTCQX: AMXEF) announced grade control drill results for the Champagne Zone on February 18, 2026, supporting a planned bulk sample.
Highlight: 76.51 g/t Au over 6.40 m including 312.60 g/t Au over 1.55 m at ~200 m vertical depth; visible gold observed in two additional holes with assays pending. Drill spacing will be tightened to ~5-10 m to upgrade block-model confidence for bulk-sample stope design.
Positive
- 76.51 g/t Au over 6.40 m intercept in PE-19-47W1
- High-grade internal hits: 312.60 g/t Au over 1.55 m
- Visible gold observed in two additional grade-control holes
- Planned drill spacing reduction to 5-10 m to lower geological risk
Negative
- Assay results for PE-21-371W1 and PE-26-894 are still pending
- Grade uplift in the block model is conditional on remodelling and pending assays
Montreal, Quebec--(Newsfile Corp. - February 18, 2026) - Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) ("Amex" or "the Company") is pleased to announce the results from the first hole of an ongoing grade control program designed for the bulk sample ("bulk sample" or "bulk") of the Champagne Zone (see Figures 1-3). In addition, multiple grains of visible gold have been identified in the visual core logging from the second and third holes of this program, with results expected to be received in the coming days (see Figure 4).
Champagne Zone Grade Control Drill Results:
- 76.51 g/t Au and 7.57 g/t Ag over 6.40 m, including 312.60 g/t Au and 25.85 g/t Ag over 1.55 m at a vertical depth of ~200 m in hole PE-19-47W1.
Aaron Stone, VP Exploration of Amex Exploration commented, "The primary purpose of the grade control drill program is to further validate the resource block model for the planned bulk sample. This first hole is a fantastic start to the program and shows that the grade in certain areas of the existing block model may increase as we drill tighter spacing. Upon the completion of this program, the block model will be updated encasing the area designated for the bulk sample allowing our engineering team to make further refinements to the design of the individual stopes to be blasted during the bulk."
Stone continued, "Much of our recent drilling has been production-driven with condemnation holes targeting the areas which will host infrastructure for the bulk sample and the Phase 1 mine operation. The drill program will shift to be more exploration focused as we complete the needed production-oriented work at Perron."
Bulk Sample Grade Control Drill Program
A grade control drill program is a short-spaced, high-detail drilling program carried out to guide mine production to precisely define ore and waste boundaries before mining. It is more detailed than exploration or resource drilling and is primarily used to improve short-term resource models and production planning.
The grade control drill program is essential to mining the bulk sample and was designed to further increase confidence in the existing block model at Perron. The program aims to confirm that the ideal stopes have been selected for the bulk operation. The existing drill spacing in the area chosen for the bulk sample was between 12-20 metres, meaning the selected stopes were already containing M&I (measured and indicated) ounces within the existing resource model. Upon completion of the program, the drill spacing will be brought down to approximately 5-10 metres and positively reduce the geological risk associated to upgrading indicated resources to measures resources.
While the drill holes for the grade control program are relatively shallow in nature, directional drilling technology is being utilised to ensure the targets are hit with precision.
Figure 1: Geological map of the Champagne Zone displaying the three drill holes drilled to date for the grade control program.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2667/284308_4b88afcd04b74a96_002full.jpg
Figure 2: Longitudinal of the Champagne Zone looking to the south displaying the pierce points of the aforementioned grade control holes.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2667/284308_4b88afcd04b74a96_003full.jpg
Figure 3: Screenshot from Perron Leapfrog Geo project showing the intercept of grade control hole PE-19-47W1 into the existing block model. Assay results of 426.64 g/t Au and 218.69 g/t Au will in theory increase the grade of the block model in this area. Note - this assumption will only be realised once the area of the Champagne Zone for the bulk sample has been remodelled.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2667/284308_4b88afcd04b74a96_004full.jpg
Figure 4: Photos of visible gold in the Champagne Zone from drill holes PE-19-47W1, PE-21-371W1 and PE-26-894. Mineralization is represented by gold bearing quartz-carbonate-sulfide veins with visible gold hosted in the aphanitic Beaupré rhyolite. Abbreviation: VG - Visible Gold.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2667/284308_4b88afcd04b74a96_005full.jpg
As stated earlier, positive visuals have been observed in the second and third holes of the grade control program. Samples are currently being processed at the laboratory and should be received shortly. The Company will announce further results once received and compiled.
Table 1: Precious metal assay results from Bulk Sample Grade Control Program on the Champagne Zone. Results for PE-21-371W1 and PE-26-894 are pending.
| Hole ID | From (m) | To (m) | Core Length (m) | True Thickness (m) | Au (g/t) | Ag (g/t) | Vertical Depth (m) | MF1* (g/t Au*m) | MF2* (g/t Au*m) | Zone |
| PE-19-47W1 | 241,00 | 247,40 | 6,40 | 4,20 | 76,51 | 6,41 | ~200 | 489,65 | 321,33 | Western Champagne Zone |
| Including | 241,00 | 241,50 | 0,50 | 0,33 | 0,68 | 0,20 | 0,34 | 0,22 | ||
| And | 244,85 | 246,4 | 1,55 | 1,02 | 312,603 | 25,85 | 484,53 | 318,86 | ||
| Including | 244,85 | 245,70 | 0,85 | 0,56 | 218,69 | 18,80 | 185,89 | 122,47 | ||
| Including | 245,70 | 246,40 | 0,70 | 0,46 | 426,64 | 34,40 | 298,65 | 196,25 | ||
| *Metal factor 1 is defined as gold grade multiplied by core length (g/t Au*m) | ||||||||||
| **Metal factor 2 is defined as gold grade multiplied by true thickness (g/t Au*m) | ||||||||||
Table 2: Drillhole coordinates for today's results.
| Hole ID | Azimut (°) | Dip (°) | From (m) | To (m) | Length (m) | Easting (m) | Northing (m) | Elevation (m) |
| PE-19-47W1 | 177 | -60 | 104.50 | 284.00 | 179.50 | 614561 | 5430852 | 343 |
| PE-21-371W1 | 170 | -58 | 80.00 | 172.00 | 92.00 | 614530 | 5430789 | 342 |
| PE-26-894 | 166 | -62 | 0.00 | 179.00 | 179.00 | 614530 | 5430789 | 342 |
Victor Cantore, President and CEO of Amex Exploration commented, "On behalf of the Board of Directors, employees and consultants of Amex, I would like to extend our heartfelt condolences to the family and loved ones of our former Chairman, Jacques Trottier who recently passed away. Our thoughts and prayers are with his family during this difficult time."
Qualified Person and QA&QC
Jérôme Augustin P.Geo. Ph.D., (OGQ 2134), an Independent Qualified Person as defined by Canadian NI 43-101 standards, has 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 Jérôme Augustin. Core logging and sampling were completed by Laurentia Exploration.
The quality assurance and quality control protocols include insertion of blank or standard samples every 10 samples on average, in addition to the regular insertion of blank, duplicate, and standard samples accredited by Laboratoire Expert and ALS Canada Ltd, during the analytical process.
For all analyses targeting gold mineralization, gold values are estimated by fire assay with finish by atomic absorption. 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
About Amex
Amex Exploration Inc. has made significant high-grade gold discoveries, along with copper-rich volcanogenic massive sulphide (VMS) zones, at its
When combined with the adjacent and contiguous Perron West Project and Abbotsford and Hepburn Projects (including additional claims acquired through staking) in Ontario, the consolidated land package spans a district-scale 501.08 km². This extensive property lies within highly prospective geology favourable for both high-grade gold and VMS mineralization.
The Project benefits from excellent infrastructure: it is accessible by a year-round road, located just 30 minutes from an airport, and approximately 6.5 km from the Town of Normétal. It is also in close proximity to several process plants owned by major gold producers.
For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: +1-514-866-8209
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, planned exploration programs, the expected positive exploration results, the extension of mineralized zones, the timing of the exploration results, the ability of the Company to continue with exploration programs, 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.
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FAQ
What did Amex (AMXEF) report on February 18, 2026 for the Champagne Zone?
How significant is the 312.60 g/t Au over 1.55 m intercept reported by AMXEF?
What is the purpose of Amex's grade control program for the Perron bulk sample (AMXEF)?
When will investors expect additional assay results from Amex (AMXEF)?
How might the new grade control results affect the Perron block model for AMXEF?
