Amex Exploration: Unveiling the Potential of the Perron Project

Amex Exploration, a key player in Québec's gold mining industry, has been making significant strides in its Perron Gold Project. Located in the mining-friendly jurisdiction of Québec, Canada, the Perron project has proven to be a hotspot for high-grade gold and volcanogenic massive sulphide (VMS) discoveries. With a focus on its 100% owned Perron Project, Amex Exploration has been at the forefront of exploration and development in this mineral-rich region. 

Company Overview

 Amex Exploration's Perron Project spans across 4,650 hectares, 8 kilometers to the NW of the town of Normétal, Québec, 115km north of the town of Rouyn-Noranda. The project is strategically located, with close proximity to major gold producers and excellent existing infrastructure. Amex has conducted an extensive drilling campaign, with over 400,000 meters drilled on the property since discovery in late 2018. This has resulted in the identification of multiple gold zones and copper-rich VMS zones. In addition, the project is in close proximity to a number of major gold producers' milling operations. The project hosts both disseminated bulk tonnage-type and vein-hosted high-grade gold mineralization. 

High-Grade Gold Discoveries

The Eastern Gold Zone (EGZ) within the Perron Project has been a significant source of high-grade gold discoveries. One of the standout gold zones within the EGZ is the High Grade Gold Zone (HGZ), which has consistently delivered ultra high-grade results since its discovery in 2019. The HGZ has quickly become one of the highest-grade and most consistent gold zones in Canada. Notable drill results include an astonishing 393.33 g/t Au over 1.70m at a vertical depth of 170m at HGZ. The HGZ is now considered a priority target for underground mining.

Adjacent to the HGZ is the Denise Zone, a broader disseminated gold target. The Denise Zone has been traced along strike length for at least 1 km. Recent drilling at the Denise Zone has returned impressive results, such as Hole PE-22-510 intersecting 30.90 m of 11.57 g/t Au, making it one of the best intersections drilled to date in the Denise Zone. The gold mineralization in the Denise Zone presents a bulk tonnage target for Amex.

 Team Zone: A New Discovery

Amex Exploration has recently announced a brand-new discovery, the Team Zone, which has the potential to significantly enhance the Perron Project. The Team Zone has produced some remarkable drill results, with visible gold identified in many of the holes targeting this zone. Notable highlights include PE-22-548, which intersected 6.75 g/t Au over 14.50 m at a vertical depth of ~180 m, including 26.34 g/t Au over 1.50 m and 32.60 g/t Au over 1.50 m. Another impressive result is PE-22-556, which returned 19.04 g/t Au over 2.25 m at a vertical depth of ~20 m. The Team Zone has quickly become a priority for Amex, with plans to aggressively drill it through the coming months.

"The fact that we have seen multiple occurrences of visible gold in the majority of holes targeting this zone is fascinating. This is also the most significant discovery to date along the northern limb of the Beaupre rhyolite."

Jacques Trottier, Executive Chairman of Amex

Copper-Rich VMS Zones

In addition to its gold discoveries, Amex Exploration has also made significant advancements in identifying copper-rich VMS zones within the Perron Project. The QF Zone, occurring along the Normétal Mine Horizon, has shown promising initial drill results. Notable results include 2.40% Cu, 0.72% Zn, 0.27 g/t Au, and 22.15 g/t Ag over 7.80 m, including 3.92% Cu, 1.20% Zn, 0.39 g/t Au, and 35.99 g/t Ag over 4.40 m. Follow-up drilling has confirmed the initial discovery with similar grades and widths, indicating the presence of a substantial VMS system. Amex plans to conduct additional borehole electromagnetic (EM) geophysics to further define the mineralized system.

International Recognition and Ecologo Certification 

Amex Exploration's exceptional performance and achievements have earned the company international recognition. In 2022, Amex was awarded the Exploration Company of the Year at Mines and Money in London, solidifying its position as a leader in the industry. The award recognizes Amex's significant new discoveries and advancements in the field.

Furthermore, Amex has been certified with the internationally recognized UL 2723 ECOLOGO® Certification for Mineral Exploration Companies. This certification acknowledges Amex's commitment to employing the best social, environmental, and economic practices throughout its project.

Financial Strength and Share Structure

Amex Exploration boasts a solid balance sheet, with a drilling program funded until the end of 2023. As of the Q3 2022 financial statements, the company had $12.4 million in cash and cash equivalents and no debt. The share structure of Amex includes 108 million fully diluted shares, with the largest strategic shareholder being Eric Sprott with over 12% ownership. The company benefits from tight capital structure and tax incentives, positioning it favorably for future growth.

Conclusion: Unleashing the Potential of the Perron Project

Amex Exploration's Perron Project in Québec, Canada, represents a significant opportunity for high-grade gold and VMS discoveries. With notable gold zones like the HGZ and Denise Zone, along with the recent discovery of the Team Zone, Amex has demonstrated its expertise and commitment to unlocking the potential of this mineral-rich portion of the prolific Abitibi greenstone belt. The company's strong financial position, industry recognition, and commitment to responsible exploration make it a promising investment opportunity in the market.

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