Intersects Up To 43.74 g/t Gold In Shallow Hole
Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) continues to hit high-grade intersections in expansion and definition drilling of the High Grade Zone on the Perron Project.
The company has released results froma total of 26 drill holes focused on on-strike expansion as well as definition drilling of the High Grade Zone as the company works towards its maiden resource on the Perron Project.
Executive Chairman, Jacques Trottier, said Amex is awaiting results on over 14,200 samples at three labs from holes targeting the HGZ, Denise, QF Zone, and Grey Cat Zone, as well as regional exploration drilling.
“I am very excited with today’s results for several reasons,” Mr Trottier said.
“Firstly, the highest metal factor hole in this release, PE-21-409 returning 43.74 g/t Au over 6.90 m, comes from an area of the shallower HGZ that had previously thought to be lower grade.
“Three additional intercepts, PE-21-418, PE-21-399 and PE-383W1, also confirm the high-grade potential in this ‘lower grade’ area that should add significant ounces to the eventual resource estimate.
“Secondly, our drilling at depth continues to reaffirm our interpretation of strong continuity and a larger ‘envelope’ of greater than 50 metal factor mineralisation. Amex has a number of drillholes pending from the High Grade Zone as well as across the project and we look forward to receiving the outstanding results.”
Highlights from the Shallow (Western) High Grade Zone include:
- 43.74 g/t Au over 6.90 m, including 531.99 g/t Au over 0.50 m, for a metal factor of 302 at a vertical depth of 350 m in hole PE-21-409;
- 76.61 g/t Au over 3.50 m, including 530.97 g/t Au over 0.50 m, for a metal factor of 268 at a vertical depth of 480 m in hole PE-21-383W1;
- 36.02 g/t Au over 6.55 m, including 218.15 g/t Au over 1.05 m, for a metal factor of 236 at a vertical depth of 250 m in hole PE-21-392;
- 102.43 g/t Au over 1.80 m, including 357.30 g/t Au over 0.50 m, for a metal factor of 184 at a vertical depth of 300 m in hole PE-21-413;
- 9.46 g/t Au over 6.25 m for a metal factor of 59 at a vertical depth of 160 m in hole PE-21-378;
- 7.87 g/t Au over 6.40 m, including 74.47 g/t Au over 1.00 m, for a metal factor of 50 at a vertical depth of 330 m in hole PE-21-399;
- 4.65 g/t Au over 10.65 m for a metal factor of 50 at a vertical depth of 650 m in hole PE-21-410.
Highlights from the Deep (Eastern) High Grade Zone include:
- 28.64 g/t Au over 5.00 m for a metal factor of 143 at a vertical depth of 850 m in hole PE-21-386;
- 15.63 g/t Au over 6.40 m, including 86.16 g/t Au over 1.00 m, for a metal factor of 100 at a vertical depth of 965 m in hole PE-21-404;
- 14.78 g/t Au over 8.30 m, including 113.56 g/t Au over 1.05 m, for a metal factor of 123 at a vertical depth of 690 m in hole PE-21-403W1;
- 14.85 g/t Au over 5.00 m for a metal factor of 74 at a vertical depth of 330 m in hole PE-21-412; and
- 7.18 g/t Au over 7.70 m for a metal factor of 55 at a vertical depth of 1,000 m in hole PE-21-347W1.
For further information please visit: https://www.amexexploration.com/
