Amex drills more highgrade at Eastern Gold Zone
Amex Exploration Inc. is reporting further results from the High Grade Zone (HGZ), located in the Eastern Gold Zone (EGZ) on the 100% owned Perron property in northwestern Quebec. The EGZ is comprised of multiple parallel gold zones including the HGZ and the Denise Zone. A select list of results is provided in Table 1. In addition, Amex wishes to report that it has intersected visible gold in the deepest hole (PE-20-185) drilled to date in the HGZ at approximately 1,025 m vertical depth. The core is being sent to the lab for assaying.
Drill Highlights
See Figure 1 - HGZ Long Section below for hole locations.
- Hole PEM-20-005 intersected 32.41 g/t Au over 15.60 m, including 125.63 g/t Au over 0.50 m and 853.40 g/t Au over 0.50 m at a vertical depth of approximately 150 m. PEM-20-005 was drilled as large diameter PQ size core which provided substantially more rock mass than typical NQ size drill core for assaying and offers a more accurate representation of the gold mineralization.
- Hole PE-20-179 intersected 11.71 g/t Au over 8.10 m, including 92.19 g/t over 1.00 m at a vertical depth of approximately 820 m. This is the 2nd deepest hole in the HGZ and continues to expand high-grade gold mineralization at depth.
Jacques Trottier, PhD Executive Chairman of Amex said, “We are pleased to report more exceptional results from the HGZ. Hole PEM-20-005 was drilled between hole PE-19-45 and hole PE-19-22 with the objective of confirming high grades and continuity of gold mineralization in the system, which is crucial to achieving a high top-cut grade in a NI 43-101 compliant resource calculation. Not only did the results confirm the continuity of the previously highest grade individual intercept to date of 677.62 g/t Au over 0.50 m in hole PE-19-22, but it actually exceeded this result, returning 853.40 g/t Au over 0.50 m. Moreover, hole PEM-20-005 was drilled only 5.0 meters from hole PE-19-45, that returned 30.98 g/t Au over 8.50 m Au for a metal factor (MF) of 263.35 gram-metres Au, whereas hole PEM-20-005 returned a remarkable MF of 505.66 gram-metres Au. Again, this significant increase in MF of a nearly twinned hole drilled by a much larger size core (i.e., PQ instead of NQ) clearly indicates that the larger the sample, the higher the grade and the more representative it should be. This is a key consideration when calculating a resource estimate on this Zone.”
Trottier continued, “Finally, hole PE-20-179, the second deepest hole announced to date, is part of our drill program which aims to continue to define and expand the HGZ. We intersected the zone as expected and the results demonstrate continued high grade gold values as we define the HGZ to depth. Both holes delivered exceptional results and continue to demonstrate the robust nature of the high-grade core of the system in the HGZ."
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