Welcome to our dedicated page for Amex Expl news (Ticker: AMXEF), a resource for investors and traders seeking the latest updates and insights on Amex Expl stock.
Amex Exploration Inc. (AMXEF) is a Quebec-focused junior mining company advancing high-grade gold and copper-rich VMS discoveries at its flagship Perron Project. This news hub provides investors with essential updates on exploration progress, corporate developments, and technical milestones.
Access authoritative reporting on drilling results, resource estimates, and operational strategies. Our curated news collection covers permit acquisitions, partnership announcements, and financial disclosures critical for evaluating this exploration-stage company.
Key updates include Perron Project's multi-zone exploration results, QAQC-certified assay data, and strategic expansions within Quebec's Abitibi region. Track developments across Denise, Gratien, and High-Grade Zones through verified press releases and analysis.
Bookmark this page for streamlined access to AMXEF's evolving exploration narrative. Regular updates ensure informed tracking of geological discoveries and corporate milestones shaping this emerging mineral explorer's trajectory.
Amex Exploration has announced a Mineral Resource Estimate (MRE) for its flagship Perron Project in Quebec. The estimate includes 594,100 measured and indicated ounces at 4.28 g/t Au and 1,049,650 inferred ounces at 3.80 g/t Au. Most resources come from the High-Grade Zone (HGZ), which alone hosts 336,170 measured and indicated ounces at 12.05 g/t Au and 415,470 inferred ounces at 10.49 g/t Au.
Drilling is ongoing and fully funded until the end of 2025. Metallurgical tests achieved up to 99% gold recovery in HGZ and up to 95% in other zones. The project also has potential for further resource expansion, including additional metals like copper-zinc, which were not included in this MRE.
Amex plans to release a Preliminary Economic Assessment (PEA) in Q4 2024. The Perron project benefits from nearby infrastructure like housing, roads, and electricity, which is expected to positively impact its economics.
Amex Exploration Inc. (TSXV: AMX) (OTCQX: AMXEF) has announced successful drill results expanding the near-surface mineralization of the High-Grade Zone (HGZ) at its Perron Project in Quebec. Key highlights include:
- Drill hole PE-24-788 returned 34.75 m of 2.22 g/t Au including 1.00 m of 53.16 g/t Au at ~145 m vertical depth
- PE-24-791 returned 10.15 m of 1.47 g/t Au including 0.75 m of 10.49 g/t Au at ~260 m vertical depth
These results, not included in the upcoming Q3 resource estimate, demonstrate growth potential across the Perron project. The drilling targeted an area near the central diabase dike, previously thought to contain only lower-grade mineralization. The company plans to continue drilling in this area to explore a potential secondary plunge of higher-grade mineralization.
Amex Exploration (OTCQX: AMXEF) has announced new drill results from the High-Grade Zone (HGZ) and Denise Zone at its Perron Project in Quebec. Significant highlights include:
- HGZ: PE-21-347W5 returned 6.35m of 30.85 g/t Au, including 0.50m of 342.10 g/t Au at ~1100m depth; PE-21-347W4 returned 7.80m of 7.36 g/t Au, including 0.70m of 70.32 g/t Au at ~970m depth.
- Denise Zone: PE-20-186W2 returned 2.15m of 16.58 g/t Au, including 0.50m of 66.35 g/t Au at ~900m depth; PE-21-347W5 returned 58.50m of 0.71 g/t Au, including 3.00m of 8.31 g/t Au at ~1150m depth.
The results suggest growth potential, especially in the Denise Zone, with new interpretations indicating more room for expansion. These findings will not be included in the current resource estimate, emphasizing the project's growth potential.
Amex Exploration announced new gold mineralization findings in the deepest drilling to date in the western area of the Gratien Gold Zone at the Perron Project in Quebec. The discovery indicates a new lens of mineralization within the Upper Gratien Gold Zone, expanding the potential for further exploration and growth. Significant drill results include PEG-24-764 with 7.40m at 5.15 g/t Au, and PEG-24-767 with 1.20m at 20.28 g/t Au. The company plans 80,000 meters of diamond drilling in 2024 and aims to update its NI 43-101 resource estimate by the end of Q3, incorporating these new findings. The new lens appears on strike with the Grey Cat Zone, enhancing the structural potential of the project.
Amex Exploration has announced a new gold discovery, the JT Zone, within the Beaupré Block of the Perron project in the Abitibi region of Quebec. The discovery is situated in a felsic to intermediate dike rich in sulfide mineralization, containing pyrrhotite, pyrite, and occasional sphalerite, with gold grades observed. The JT Zone is located approximately 750 m north-northwest of the High Grade Zone and 600 m northwest of the Team Zone, extending 275 m in strike length with a thickness of 60 m. Significant drill highlights include PEX-24-222, which reported 70.50 m of 0.91 g/t Au, and PEX-24-213, which returned 49.50 m of 0.86 g/t Au. The mineralization style suggests potential for both low-grade bulk tonnage and higher-grade ounces. Further studies will focus on understanding the relationship between sulfide mineralization and gold grades. The discovery holds promise to significantly contribute to Amex's existing resources at Perron.
THE Mining Investment Event of the North, Quebec City is set to take place on June 4-6, 2024, and will feature notable speakers and sponsors from the mining industry. Jennifer Knight, Deputy Assistant Secretary for Textiles, will be a Keynote Speaker, along with other prominent figures. The event will host over 100 mining companies, including Agnico Eagle Mines (AEM), and provide a platform for networking and showcasing the latest developments in the sector.
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