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Amex Rxploration Reports High-Grade Gold at Grey Cat and Gratien Gold Zones

Mining News - Published on Tue, 11 Feb 2020

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Amex Exploration Inc reported the results of several drill holes on its Perron property in northwestern Quebec, Canada. Mr Victor Cantore, President and CEO of Amex Exploration, said “Roughly one year following the discovery of the Eastern Gold Zone, we have transformed this property from one very high grade gold target to three separate gold zones spread over 3.2 km. Based on our exploration to date we believe each of these zones has the potential to be robust gold deposits as they are open to depth and along strike. Today I am very pleased to be reporting results from our two western targets. The western section of the property is a highly underexplored and we believe the potential there is vast. Of course, the Eastern Gold Zone is continuing to deliver exceptional drill core and I am keen to report those results in the coming weeks.”

At Grey Cat, the Company has identified near-surface gold over substantial widths, including up to 2.19 g/t Au over 23.60 m, including 15.45 g/t Au over 1.50 metres and 33.19 g/t Au over 0.60 metre, beginning at 20 metres below surface in hole PEG-19-125. This interval contained several zones of quartz veining and associated mineralization including visible gold, spread throughout the 23.60 m zone. The interval also expanded the near-surface strike length by 50 m. The Grey Cat Zone gold system is now defined to a minimum of 160 m along strike and to a vertical depth 435 m and remains open in all directions.

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Posted By : Rabi Wangkhem on Tue, 11 Feb 2020
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