Amex Exploration Begins New Drilling on its Northwest Quebec Cameron Gold Property, Northern Quebec
Amex Exploration Inc. announced tdoay that it has just started a new drilling campaign on its 100% owned Cameron gold property located about 25 kilometres to the NE of Lebel-sur-Quévillon in the north-western part of Quebec.
The Cameron Gold property consists of 13 claims for a total area of 731 hectares.
This new phase of drilling consists of 5 drill holes totalling about 1,250 meters that is in fact a follow-up of Amex drilling campaign done in early 2011 where a gold-bearing shear zone located in a mylonitized felsic volcanic unit was intersected.
The most promising result from the 2011 drilling program occurred at hole CA-11-P2 where an intersect of 0.93 g/t Au over 9.0 meters was found. This included a higher grade sub-intersect of 4.16 g/t Au over 1,5 meters. This hole was actually located just behind SOQUEM old trench 91-13 which was resample by Amex by channel sampling in late 2010 returning anomalous gold content with values of 1.07 g/t Au over 2.3 meters (see PR of September 8th 2010).
Geologically, the property is covered by volcano sedimentary rocks of the Abitibi Sub province which consists mostly of basaltic to andesitic rocks with five felsic horizons present in the trench area. The property is strategically located near the intersection of the Cameron and Chieftain regional deformation corridors and is cut by the regional NE trending Franquet and Wedding faults.
To the northwest, shear-related gold mineralization has been discovered along the NW-SE Cameron deformation corridor at the Flordin deposit with reserves of 815 500T @ 5.1 g/t Au and at the Cartwright deposit with 83 000T @ 10.4 g/t Au (ref Roy et al. ET-97-02,1997,27 p.).
This new phase of drilling is expected to conclude by the end of 2013 with results announced by early 2014.
Amex Exploration Inc. is a junior mining exploration company listed on the TSX Venture Exchange whose primary objective is to develop and bring into production viable gold and base metal deposits.
Jacques Trottier, PhD Geol. is Qualified Persons as defined by Canadian NI 43-101, have approved the technical information reported in this news release.
Forward-looking statements:
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For more information
Jacques Trottier, PhD
President and Chief Executive Officer
(514) 866-8209
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