Amex Exploration Inc. develops and explores gold projects in the Abitibi Greenstone Belt, with news centered on the Perron gold project in Québec and Perron West in Ontario. Company updates commonly cover drill results, grade-control work, bulk-sample permitting, feasibility-study economics, toll-milling development plans, and exploration targeting across its gold and VMS prospective land package.
Amex Exploration (OTCQX: AMXEF) released a Phase 1 feasibility study for the 100%‑owned Perron gold project on April 13, 2026. Phase 1 targets average annual production of 147,000 oz at an AISC of US$910/oz, with initial CAPEX of CAD$193.9M and sustaining CAPEX of CAD$238.2M. The study reports an after‑tax NPV(5%) of CAD$1.13B, after‑tax IRR of 114.6%, and a 0.5 year after‑tax payback, assuming a gold price of US$3,500/oz.
Phase 1 uses a 1,100 tpd toll‑milling contract over five years, with Proven & Probable reserves of 1,989 kt at 12.1 g/t (774 koz).
Amex (OTCQX: AMXEF) released a Phase 1 feasibility study for the 100%-owned Perron gold project on April 13, 2026. Phase 1 targets average annual production of 147,000 oz at an AISC of US$910/oz, with initial CAPEX of CAD$193.9M and after-tax NPV5 of CAD$1.13B.
The plan is a 2-year pre-production ramp into 5 years of commercial underground mining with toll milling (targeting revenue in 2028), Proven and Probable reserves of 1,989 kt at 12.1 g/t (774 koz contained) and after-tax IRR of 114.6%.
AMEX Exploration (OTCQX: AMXEF) is advancing a high‑grade Quebec gold project with a 2.3 million ounce mineral resource and grades exceeding 6 g/t. A Preliminary Economic Assessment (PEA) outlines strong economics and rapid payback potential supported by local infrastructure and hydroelectric power access.
The company is positioning the project toward the next stage of development.
Amex Exploration (OTCQX: AMXEF) announced final grade control results for the Champagne Zone bulk sample on March 31, 2026. Key intercepts include 22.27 g/t Au over 6.40 m and 200.80 g/t Au over 0.65 m. The program tightened drill spacing to ~5–10 m and will inform updated wireframes and stope designs.
QA/QC protocols and an independent Qualified Person reviewed and approved the geological information.
Amex Exploration (OTCQX: AMXEF) obtained ministerial authorizations and the Authorization for Impact Work to proceed with a 40,000-tonne underground bulk sampling program at the Perron gold project. The company also completed the financial guarantee required under Québec's Mining Act, enabling transition to execution.
Field prep starts in April with portal construction targeted for early summer 2026; long-lead orders and major tenders have been launched and a Phase 1 Feasibility Study (toll milling scenario) is expected in the coming weeks.
Amex (OTCQX: AMXEF) received an Ontario drill permit and plans an inaugural 15,000 m drill program at its 100% owned Perron West project near Amex's 2.3 Moz Perron resource. Amex controls a 70 km strike of underexplored greenstone belt and has flown a 3,101 line-km VTEM survey; data are being processed.
The program targets EM anomalies, historical high-grade overburden gold, and geological repeats of Perron-style mineralization; targets remain conceptual pending drilling and verification.
Amex Exploration (OTCQX: AMXEF) entered an option to acquire 100% of 216 mining claims (≈11,600 hectares) in Newman, Noseworthy and Hepburn townships, Ontario.
Transaction terms include $104,000 cash over three years, 250,000 shares and a 1.5% NSR (one-third repurchasable for $1,000,000).
Amex Exploration (OTCQX: AMXEF) purchased a water treatment plant from ASDR and retained Norda Stelo to lead an Environmental Impact Assessment (EIA) for the Perron Project.
The water plant will support a bulk sample targeted for 2027 and be reused for Phase 1, while the EIA targets permits to enable Phase 1 operations in 2028.
Amex Exploration (OTCQX: AMXEF) signed an Exploration Agreement with the Apitipi Anicinapek Nation for the Perron West, Abbotsford and Hepburn Projects in Ontario.
The district-scale package covers 436.78 km2 with a 60 km strike; the agreement creates a community fund tied to exploration spending and secures AAN support for permitting.
Amex Exploration (OTCQX: AMXEF) reports further grade control results from the Champagne Zone at Perron, including 110.05 g/t Au over 2.15 m and 233.96 g/t Au over 1.00 m in hole PE-26-894 at ~145 m vertical depth.
The program aims to reconcile the block model, reduce drill spacing to ~5-10 m for the bulk sample, and supports a Phase 1 feasibility study on track for end of Q1.