Amex Drills Copper Rich VMS Mineralization at Perron
Amex Exploration Inc. has announced the results of its first follow-up drillhole on the copper rich volcanogenic massive sulphide ('VMS') QF zone. The QF Zone occurs along the Normétal Mine Horizon which is a kilometric tuffaceous unit that host the nearby past-producing Normétal Mine. Recall that the QF Zone discovery drillhole, PEX-21-076, returned 2.40% copper, 0.72% zinc, 0.27 g/t gold and 22.15 g/t silver over 7.80 m as announced on August 9, 2021. Today's results from drillhole PEX-21-083, which is approximately 65 metres deeper than the discovery hole, returned 1.93% Cu, 0.15% Zn, 0.28 g/t Au, and 14.0 g/t Ag over 8.0 metres, including a high-grade core of 3.40% Cu, 0.25% Zn, 0.48 g/t Au, and 24.31 g/t Ag over 4.55 metres, which confirms both the width and grade of the discovery hole.
Dr. Jacques Trottier, Executive Chairman of Amex, commented, "I am very pleased to have essentially replicated the widths and strong grades of the discovery hole with a vertical step down by 65 metres. This successful follow-up drill hole confirms that this mineralization could be of significant size and we are enthusiastically looking forward to the results of this follow up drilling phase. We have since drilled additional holes targeting the on-strike and vertical extensions of this mineralization. The similarity in grade of the QF Zone holes announced to date to the past-producing 10.1 million tonne Normétal Mine is especially encouraging. On the backs of the successes to date on this zone, Amex has allocated an additional 5,000 metres of drilling to further test this copper-rich sulfide zone."
In 2021, Amex conducted a small exploration program focused on the Normétal Mine Sequence, which is present over more than 4.5 km long within the Perron property. The QF Zone represents one of several similar targets that occur along the Normétal Mine Sequence on the Perron project.
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