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Amex Exploration Announces Six Drill Holes Result in Quebec

Mining News - Published on Mon, 16 Sep 2019

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Amex Exploration Inc announced 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.

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 g/t 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.

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.”

Kelly Malcolm, VP Exploration of Amex added “Each of the three zones drilled in 2019 on our Perron Project (EGZ, Gratien, and the Grey Cat) have returned intersections with significant metal factors and visible gold. The abundance of gold mineralization identified in several zones along a 2.4 km long portion of the Beaupre block suggests high prospectivity for the western extension of the block that remains unexplored for several kilometers along strike. Regional exploration in the western part of the Beaupre block will be a significant component of our upcoming winter drilling program.”

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Posted By : Rabi Wangkhem on Mon, 16 Sep 2019
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