Amex Drills high grade gold at Perron Including up to 43.74 g/t over 6.9m
Amex Exploration Inc. has announced a total of 26 drill holes focused on expansion and definition drilling of the High Grade Zone on the Perron Project.
Today's results are 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. A complete list of results is available in Tables 1 & 2 and presented in Figures 2, 3, & 4. Photos of visible gold in select drillholes are presented in Figure 5. In addition to the results detailed below, 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.
Jacques Trottier, PhD, Executive Chairman of Amex Exploration commented, "I am very excited with today's results for several reasons. 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 as shown in Figure 3. 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 mineralization. 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."
Figure 1: Plan view of the geology of the Eastern Gold Zone comprised of the High Grade Zone and the Denise Zone
Figure 2: Longitudinal section of the High Grade Zone, with today's released hole locations in green.
Figure 3: Closeup longitudinal section of the Upper (western) High Grade Zone
Figure 4: Closeup longitudinal section of the Deeper (Eastern) High Grade Zone
Figure 5: Photos of visible gold from a number of today's released drill holes
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