Amex Exploration Inc.(TSXV: AMX) (OTCQX: AMXEF) has received promising results from nine drill holes focused on near surface and on-strike expansion as well as definition drilling of the Denise Zone, part of the Eastern Gold Zone (EGZ), of the Perron Project in Quebec.
In addition, the company is also had success with 11 drills holes from the newly discovered E2 Gold Zone.
Management said the latest drill results demonstrate that tenure and grade of the eastern area of Denise is starting to replicate the western Denise Zone which has been well defined with diamond drilling. These results indicate the potential for higher grade shoots forming within the eastern Denise, similar to what has been defined in the western Denise.
The E2 Gold Zone has now been expanded down to a vertical depth of 370 m and along strike for 325 m.
“Hole PE-22-510 recorded one of the best intersections that we have reported to date in the Denise Zone,” Executive Chairman, Jacques Trottier, said.
“We are now seeing very high-grade individual samples within the broader panel of mineralised rhyolite that comprises Denise. We are continuing to drill and define this important target as we believe it has the potential to add significant ounces at Perron. In addition, we are beginning to understand the geometry and plunge of the E2 Gold Zone, which roughly parallels the High Grade Zone.
“The proximity of the E2 and HGZ, approximately 250 metres apart, should be very positive in a potential underground mining scenario as the ounce-per-vertical-metre count would increase significantly.
“Amex management is very excited about these results and very much looks forward to the continuation of the current drilling phase and the start of the summer fieldwork season which will begin in the coming days.
“In addition to the ongoing drilling campaign, fieldwork this summer will consist of detailed geological mapping and stripping of exposed surfaces (i.e. outcrops) on a regional scale covering various areas of the property, as well as regional studies of rock geochemistry and bio-geochemistry.”
For further information please visit: https://www.amexexploration.com/
