Amex Exploration Inc. (TSXV:AMX)(OTCQX:AMXEF) has brought in two additional diamond drill rigs to the Perron property in Quebec, bringing the total drills on site to six rigs.
These two additional drill rigs will be mobilised and operating on the project by July 15th. Following the C$15.75 million financing announced on June 17, Amex is doubling its fully-funded drill programme from 100,000m to 200,000m..
Four drills are currently operating on the Eastern Gold Zone (EGZ). Two of these drills are testing the depth extension of the High-Grade Zone (HGZ). One is currently testing the near-surface potential of the Denise Zone, while the fourth is completing large diameter (PQ size) holes for the purpose of metallurgical testing.
Jacques Trottier, Executive Chairman of Amex, said the fifth drill rig will also be deployed to test the HGZ at depth, while the sixth will resume exploration at the Grey Cat and Gratien Zones, now that the ground has dried sufficiently to allow access to the western portion of the property.
“With the recently announced closing of our C$15.75 million financing, Amex has elected to significantly increase the pace and size of its exploration programme,” Mr Trottier said.
“We have had great successes this year on drilling the depth and strike extension of the HGZ and look forward to continuing the rapid advancement of this very attractive gold system.
We are also excited to resume drilling on Gratien and Grey Cat, where we have been intersecting robust grades over significant widths. In addition, we intend to test the potential of connecting the gold zones at Perron.
“We will be exploring for additional zones both along strike of the known 2.7km corridor of gold mineralization as well as in between the known zones of mineralisation.”
Current exploration will target:
1. Exploration along strike of the known 2.7 km Perron gold corridor, as well as focused exploration between known zones of mineralisation with the objective of possibly linking up these known gold zones and generating a bulk tonnage target coupled with the high-grade underground-type targets like the Eastern Gold Zone and potentially the Grey Cat Zone.
2. Continued expansion and definition of the Eastern Gold Zone, with a focus on exploration and expansion at depth of the High-Grade Zone to the East of a cross-cutting late diabase dyke, as well as expanding the southern Denise zone towards surface.
3. Metallurgical testing of the High-Grade Zone of the EGZ, utilizing large diameter (PQ-sized) drilling to simulate a bulk sample and also test the effect of larger diameter drilling on expected grade in known areas of gold mineralization. 4. Continued expansion and definition of the Grey Cat and Gratien Gold Zones, with a focus on defining the near-surface portion of mineralization as well as exploring for high-grade mineralization at depth.
