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.
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