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. 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 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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