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Amex Drills bonanza grade hole of 44.22 g/t Au over 9.10m and 9.75 g/t Au over 10.45m at Perron

Jul 17, 2020

More spectacular numbers for Amex Exploration at East Perron. Amex said it is "very" pleased to report additional high grade gold drill results from its six-drill, 200,000 m drill program on its 100% owned Perron property in northwestern Quebec, Canada. Today’s results are from the Eastern Gold Zone, which is one of four known zones on the Perron Property. A select list of results is provided in Table 1. Amex provides all drill data on its website at http:www.amexexploration.comperrondrill-data-room

In the Eastern Gold Zone (“EGZ”), the two drill holes reported today successfully demonstrated the depth and eastern extension as well as continuity of the High Grade Zone (“HGZ”) (Figure 2). Hole PE-20-171 is one of the highest grade holes drilled to date at Perron. PE-20-171 returned 44.22 g/t Au over 9.10 m, representing a metal factor of 402.41 g/t Au x m. This intercept is located approximately 600 metres vertically below the highest grade interval reported to date of 393.33 g/t Au over 1.70 m in hole PE-19-22. In addition, hole PE-20-173 returned a value of 9.75 g/t Au over 10.45 m. These holes have expanded the known high grade body of the HGZ.

The Company also wishes to report that it continues to intercept visible gold mineralization in all pending drill holes, which have targeted the HGZ, Denise Zone, the westward extension of the Denise Zone and the Grey Cat Zone. Assays will be published as they are received.

Jacques Trottier, Executive Chairman of Amex said, “Both holes clearly demonstrate the high grade vertical continuity of the HGZ at the Eastern Gold Zone that spans over more than 800 metres of vertical depth. Our goal is to replicate this high grade zone elsewhere on the property and there are other zones which are showing excellent potential to host high grade gold at depth such as the Grey Cat Zone.”

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