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Amex Exploration Announces Grey Cat Zone Discovery in Canada

Mining News - Published on Thu, 12 Sep 2019

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Amex Exploration Inc announced that the Grey Cat Zone discovery, the results of six drill holes on the Eastern Gold Zone on its Perron property in northwestern Quebec, Canada. All of the drill holes intersected the EGZ with gold intersects coming from both the High Grade Zone and the Low Grade Zone which has been renamed as the Denise Zone. Mr Jacques Trottier, PhD, Executive Chairman of Amex Exploration, said that the HGZ is continuing to deliver the high grade results that we have grown accustomed to seeing and is expanding at depth and laterally. We have extended the HGZ by over 55 meters to depth and over 35 meters to the west and we plan to continue drilling and expanding the extremely important Eastern Gold Zone during the upcoming fall and winter seasons.

In the Denise Zone:
Hole PE-19-83 intercepted 32.20 m grading 6.99 g/t Au including 1.20 m of 178.16 grame per tonne Au at a vertical depth of 500 m.
New high-grade intersection in the Denise Zone shares several characteristics with the HGZ as it is hosted by quartz-carbonate-pyrite veins with free gold along the contact of a gabbro crosscutting the sodic rhyolite host rock.

In the High Grade Zone:
Hole PE-19-76 intercepted 15.60 m grading 3.05 g/t Au including 0.50 m of 19.00 g/t Au and 0.85 m grading 32.05 g/t Au at a vertical depth of 300 m.
Hole PE-19-83, in the HGZ, returned 11.10 m grading 3.40 g/t Au including 0.60 m of 43.34 g/t Au and 0.90 m of 10.73 g/t Au at a vertical depth of 360 m.
Expanded the zone by more than 55 m at depth and 35 m westward.
Both intercepts of holes PE-19-83 and PE-19-76 on the HGZ were typical of mineralization of the zone, which consists of two quartz-carbonate-pyrite-sphalerite veins with free gold along the border of a gabbro crosscutting the sodic rhyolite host rock.

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Posted By : Rabi Wangkhem on Thu, 12 Sep 2019
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