Amex Exploration (TSXV:AMX) has announced assay results from a metallurgical hole drilled down dip in the QF Zone at its 100% owned Perron Gold Project in Quebec. The hole reported 3.43% Copper, 34.00 g/t Silver, 1.80% Zinc, and 0.30 g/t Gold over 20.80 m, with a secondary mineralized lens also returning 1.19% Copper, 7.44 g/t Silver, 0.15% Zinc, and 0.11 g/t Gold over 15.70 m.

Jacques Trottier, Chairman of the Board of Amex Exploration, commented in a press release: “While we do not plan to include the QF Zone in our upcoming resource, the metallurgy is still very important to us as this zone represents additional upside to the project. We have only just begun to define this target which is looking very similar to the past-producing Normétal Mine. The main important difference between our deposit and the historical mine, is that our system is more copper-rich rather than more zinc-rich.”

The QF Zone, a recent discovery by Amex, is a volcanic massive sulfide (VMS) body situated approximately 200 m northeast of the Team Gold Zone and 5 km from the past-producing Normétal Mine. The Normétal Mine, which lies within the same geological unit as the QF Zone, produced over 10.1 Mt of 2.24% Cu, 5.41% Zn, 0.53 g/t Au, and 44.45 g/t Ag during its operational history.

Assay results for the metallurgical hole were obtained from ALS Laboratories in Val d’Or, and metallurgical test work on the composites is set to begin, with results expected in the coming months.

The Perron Gold Project, located approximately 110 kilometres north of Rouyn-Noranda, Quebec, consists of 117 contiguous claims covering 4,518 hectares. The project is well-serviced by existing infrastructure, situated on a year-round road, 10 minutes from an airport, and just outside the town of Normétal (~8 km). Additionally, the project is in close proximity to several major gold producers’ milling operations.

Since January 2019, Amex Exploration Inc. has intersected significant gold mineralization in multiple gold zones and discovered copper-rich VMS zones at the Perron Project. The project hosts both bulk tonnage and high-grade gold style mineralization.

The discovery of high-grade copper, silver, zinc, and gold mineralization at the QF Zone further highlights the potential of the Perron Project. The proximity of the project to the past-producing Normétal Mine and its location within the same geological unit suggests the possibility of similar mineralization and tonnage.

As Amex Exploration Inc. continues its exploration efforts at the Perron Project, the company aims to further delineate the extent and grade of the mineralization at the QF Zone and other prospects within the project area. The upcoming metallurgical test work results will provide valuable insights into the recoverability and processing characteristics of the mineralization encountered in the QF Zone.

The Perron Project’s location, with its access to existing infrastructure and proximity to major gold producers’ milling operations, positions Amex Exploration Inc. well for potential future development should the exploration results continue to be favorable.

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

Amex Exploration (TSXV:AMX) has reported new results from ongoing drilling at the Team Zone on the Perron project in the Abitibi region of Quebec. Team Zone occurs approximately 600m to the northeast of the High Grae Zone and roughly 300m northeast of the E2 Gold Zone, encompassing an approximate area of 300m by 250m from surface to a depth of approximately 400m. The Team Zone is currently open at depth and along strike and is the newest target generated from the company’s regional exploration campaign from the last year.

Jacques Trottier, Executive Chairman of Amex, commented in a press release: “The Team Zone is shaping up to be a significant component of the overall mineralized system at Perron. It has now delivered gold mineralization in each drill hole, with a mix of both high-grade vein-hosted gold and lower grade stockwork and disseminated mineralization. Today’s results, particularly in hole PE-22-580 with high grades up to 72.06 gram of gold over 1.00 metre, confirm the potential at depth in this system, and the balance of the drillholes affirm our earlier expectations of a widespread near surface orebody. In addition to the known mineralization, the Team Zone adds significantly to our regional targeting as it is a different style of mineralization than encountered elsewhere.”

Highlights from the results are as follows:

PE-22-568: 4.73 g/t Au over 8.20 m at a vertical depth of ~115 m

              Including: 27.07 g/t Au over 1.00 m

PE-22-570: 2.71 g/t over 10.50 m at a vertical depth of ~100 m

              Including: 38.97 g/t Au over 0.50 m

PE-22-571: 2.69 g/t Au over 5.00 m at a vertical depth of ~50 m

PE-22-580: 9.21 g/t Au over 3.90 m at a vertical depth of ~210 m

              And: 0.84 g/t Au over 14.40 m at a vertical depth of ~240 m

              And: 72.06 g/t Au over 1.00 m at a vertical depth of ~305 m

PE-22-583: 1.04 g/t Au over 26.00 m at a vertical depth of ~394 m

Today’s results represent continued testing of the extents, grade, and dimensions of the new Team Zone. Drilling was conducted in several orientations (as shown in Table 2) in order to identify controls on mineralization. The Team Zone is shaping up to be a shallowly eastward-plunging body which begins at surface and is open to depth and to the east. The large overall mineralized trend is driven by several higher-grade areas as can be seen in Figure 2. Further work is required to fully define the higher-grade sub-structures. The Zone is also parallel and adjacent to the E2 Gold Zone to the southwest, and to the 210 & Upper 210 to the northwest. Structural interpretation indicates that the Upper 210 may occur on a similar structure to that of the Team Zone, and further drilling is required to test if they are connected. See Table 1 for a list of the today’s drill results, Table 2 for drill hole coordinates, Figure 1 for a map of the Perron project geology showing the location of the Team Zone, Figure 2 for a map showing the distribution of assayed gold identified to date throughout the Team Zone, and Figure 3 for photos of visible gold in several holes in the Team Zone.

Table 1. Assay results from the Team Zone at Perron. Note that true width is currently unknown and thus core lengths are shown.

Table 2. Team Zone drill hole coordinates.

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.