Amex Exploration Discovers New Zone In Eastern Portion Of Perron Property

Amex Exploration (TSXV: AMX) continues to post positive results from the exploration of its Perron property in the Abitibi Region of Quebec. The company this morning posted further results, with highlights including 58.25 g/t gold over 3.90 metres and 32.99 g/t gold over 4.50 metres within two different zones.

Results released this morning come from the High Grade Zone, which is within the Eastern Gold Zone. The Eastern Zone consists of two “sub-zones”, which include the Denise Zone and the aforementioned High Grade Zone. The highlight interval, 58.25 g/t gold over 3.90 metres, come from the High Grade Zone, where the company managed to intersect a new structure within the Normetal Fault Zone, which is believed to be related to prior results found on the property.

The new structure has been labeled as the 210 Gold Zone, and is proximal to the Normetal Fault Zone, the same fault in which neighbouring Starr Peak Exploration (TSXV: STE) is currently drilling as well, which feeds the past producing Normetal Mine. The latest discovery, which come from hole PE-20-210, is roughly 680 metres east of the High Grade Zone in a regional that has seen limited exploration. Further drilling along strike is now planned, with permits received for follow up drilling.

A number of additional results were highlighted by the company this morning:

  • PE-20-210: 58.25 g/t gold over 3.90 in 210 Gold Zone; 19.08 g/t gold over 3.00 metres between the HGZ and 210 Zone, 10.12 g/t gold over 3.50 metres in the HGZ
  • PE-20-197W1: 11.95 g/t gold over 6.00 metres in the HGZ
  • PE-20-197W2: 8.71 g/t gold over 5.30 metres in the HGZ
  • PE-20-207W2: 33.0 g/t gold over 4.50 metres in the HGZ

Amex Exploration last traded at $2.95 on the TSX Venture.


Information for this briefing was found via Sedar and Amex Exploration. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

America Uses More Copper Than It Makes | Simon Quick – Canadian Copper

Gold Bulls Run Faster Than New Mines?! | Thomas Mumford – Scottie Resources

Is This the Start of a New Gold Rush | Russell Ashton – Juggernaut Exploration

Recommended

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Altamira Gold Encounters Porphyritic Intrusive Rocks In Initial Scout Drilling At Regional Targets

Related News

Gold Lion Intersects 30.5 Metres Of 0.30 G/T Gold

Gold Lion Resources (CSE: GL) this morning reported further results from the phase two drill...

Wednesday, April 28, 2021, 09:22:56 AM

Central Banks Adjust Gold Reserves: Who’s Buying, Who’s Selling

The global gold market experienced significant shifts in June, with several countries reporting notable changes...

Thursday, August 8, 2024, 03:03:00 PM

BMO Reiterates $21 Price Target On Osisko Gold Royalties

Last week, Osisko Gold Royalties (TSX: OR) announced their preliminary second quarter deliveries and gave...

Thursday, July 22, 2021, 01:48:00 PM

Probe Metals To Raise $9.3 Million Via Quebec Institutional Funds

Probe Metals (TSXV: PRB) is the latest junior firm to hit the markets looking for...

Monday, May 30, 2022, 08:37:35 AM

Lundin Mining Suffers Fatality At Neves-Corvo, Indefinite Processing Halt At Chapada Over Weekend

Lundin Mining Corp (TSX: LUN) arguably had a terrible weekend of news releases. The hits...

Monday, September 28, 2020, 08:01:00 AM