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Amex Exploration Update on Eastern Gold Zone of Perron Property

Mining News - Published on Thu, 15 Oct 2020

Image Source: Amex Exploration Perron Property
Amex Exploration Inc has reported significant vertical depth expansion of the High Grade Zone of the Eastern Gold Zone of the Perron property in northwestern Quebec in Canada. The Company is reporting substantial high-grade gold mineralization in multiple drill hole intersections from the HGZ. Amex Executive Chairman Jacques Trottier said "Since discovery, my team and I have been convinced that the HGZ is a robust mineralized system that extends to significant depths. With these drill holes we have confirmed that the system carries high grade gold to depth greater than 1 kilometre vertically and is continually strengthening as we go deeper. Of particular interest to me, is that the highest grade core of the system, is more than double the vertical distance at depth in comparison to the near-surface portion of the HGZ. In addition, we have completed step out drilling at depth along strike and have identified significant visible gold mineralization, which will expand the strike length of the system. We look forward to the receipt of these assays and to continuing to grow this continuous high grade gold system."

Highlight results from the HGZ include

Hole PE-20-187 intersected 3.85 metres of 25.04 g/t Au at a vertical depth of approximately 1,100 metres.
Hole PE-20-187W1 intersected 7.65 metres of 7.13 g/t Au at a vertical depth of approximately 1,070 metres.
Hole PE-20-190 intersected 9.75 metres of 14.07 g/t Au at a vertical depth of approximately 950 metres.
Hole PEM-20-004 intersected 11.70 metres of 4.88 g/t Au at a vertical depth of approximately 230 metres. PEM-20-004 was drilled as large diameter PQ size core which provided substantially more rock mass than typical NQ size drill core for assaying and offers a more accurate representation of the gold mineralization.

Interpretation of the HGZ now suggests that gold mineralization has been traced over 350 metres along strike, from near surface to over 1.1 km vertically and averages approximately 7 metres of width (core length).

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Posted By : Yogender Pancholi on Thu, 15 Oct 2020
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