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Amex Exploration Inc (2)
Symbol AMX
Shares Issued 103,584,806
Close 2024-03-20 C$ 1.53
Market Cap C$ 158,484,753
Recent Sedar Documents

Amex Exploration drills 20.8 m of 3.43% Cu at Perron

2024-03-20 10:13 ET - News Release

Mr. Jacques Trottier reports

AMEX REPORTS 3.43% CU, 34.00 G/T AG, 1.80% ZN AND 0.30 G/T AU OVER 20.80 M FROM QF ZONE

Amex Exploration Inc. has released assay results from a metallurgical hole drilled down dip in the QF zone that reported 3.43 per cent copper (Cu), 34 grams per tonne (g/t) silver (Ag), 1.80 per cent zinc (Zn) and 0.30 g/t gold (Au) over 20.80 metres (see the table entitled "Assay results of today's released metallurgy hole from the QF zone at Perron" for full results). A secondary mineralized lens also returned 1.19 per cent copper, 7.44 g/t silver, 0.15 per cent zinc and 0.11 g/t gold over 15.70 m. The QF zone sits approximately 200 m to the northeast of the Team gold zone and is a volcanic massive sulphide (VMS) body, which lies approximately five kilometres from the past-producing Normetal mine that produced over 10.1 million tonnes (Mt) of 2.24 per cent Cu, 5.41 per cent Zn, 0.53 g/t Au and 44.45 g/t Ag. The QF zone is one of Amex's most recent discoveries and was found within the same geological unit that hosted the Normetal mine. The Perron project is situated approximately 120 km by paved highway from the Glencore Horne smelter in Rouyn Noranda. See the table entitled "Assay results of today's released metallurgy hole from the QF zone at Perron" for a complete list of results.

Jacques Trottier, chairman of the board of Amex Exploration, commented: "While we do not plan to include the QF zone in our upcoming resource, the metallurgy is still very important to us, as this zone represents additional upside to the project. We have only just begun to define this target, which is looking very similar to the past-producing Normetal mine. The main important difference between our deposit and the historical mine is that our system is more copper-rich rather than more zinc-rich."

Assays results for this metallurgical hole were obtained from ALS Laboratories in Val d'Or. Metallurgical test work on these composites will now begin, with results expected in the coming months.

Qualified person and quality assurance/quality control (QA/QC)

Jerome Augustin, PGeo, PhD, OGQ (Ordre des geologues du Quebec) No. 2134, an independent qualified person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, has reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Mr. Augustin. Core logging and sampling were completed by Laurentia Exploration.

The quality assurance and quality control protocol include insertion of one blank, one standard and one duplicate every 10 samples, in addition to the regular insertion of blank, duplicate and standard samples accredited by ALS Canada Ltd. during the analytical process. Additionally, sample weight is taken prior shipment to validate sample identity. Gold values are estimated by fire assay with finish by atomic absorption. Zinc, copper and silver values are estimated by four-acid digestion multielements inductively coupled plasma atomic emission spectroscopy (ICP-AES), ME-ICP61. Zinc values over 1 per cent, copper values over 1 per cent and silver values over 100 g/t are estimated by four-acid digestion ICP-AES, OG62.

The qualified person has not completed sufficient work to verify the historical information on the property or neighbouring projects, particularly in regard to historical drill results. However, the qualified person believes that drilling and analytical results were completed to industry-standard practices. The information provides an indication of the exploration potential of the property but may not be representative of expected results.

About Amex Exploration Inc.

Amex Exploration has made significant gold discoveries on its 100-per-cent-owned, high-grade Perron gold project located approximately 110 kilometres north of Rouyn-Noranda, Que., consisting of 117 contiguous claims covering 4,560 hectares. The project is well serviced by existing infrastructure, on a year-round road, 10 minutes from an airport and just outside the town of Normetal (approximately eight km). In addition, the project is in close proximity to a number of major gold producers' milling operations. The project host both bulk-tonnage and a high-grade-gold-style mineralization. Since January, 2019, Amex has intersected significant gold mineralization in multiple gold zones and discovered copper-rich volcanogenic massive sulphide zones.

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