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Amex Reports Results of Drone Magnetic Survey on its Perron Property

Amex Exploration Inc., a junior mining exploration company, has announced the results of a high-resolution drone magnetic survey on its Perron property, located in northwestern Quebec, Canada.

Perron Property with mineralized zones. Image Credit: Amex Exploration Inc.

As part of the magnetic survey, which was completed across the extremely potential Beaupre block, Amex has identified the Gratien Gold Zone (GGZ), Eastern Gold Zone (EGZ), the Grey Cat Zone (GCZ), and the Central Polymetallic Zone (CPZ).

The survey’s objective is to find out structural targets that may be linked to additional gold mineralization zones, specifically in regions within this huge block that have been largely underexplored.

The data from the drone survey was then combined with and compared with a helicopter magnetic and EM survey undertaken by Agnico Eagle Mines Limited in 2014, as well as with regional datasets finished by the Quebec, Ontario, and federal governments. This was done to offer an overall regional picture.

At present, Amex is undertaking a 100,000 m drill campaign on Perron. Of this campaign, 20,000 m is devoted to a regional exploration program. The dataset has been reviewed and interpreted by various geophysicists and structural geologists with worldwide experience in this field, together with the Amex geological team.

This magnetic survey is of exceptional quality and has provided Amex with an immense amount of structural data. The gold mineralization at Perron is highly controlled by structures and can be difficult to identify with electrical methods including EM and IP, and thus we rely heavily on structural data derived from magnetic surveys, outcrops, and drillcore to determine our drill targets.

Victor Cantore, CEO, Amex Exploration Inc.

Cantore continued, “This new dataset has identified numerous cryptic faults which may be associated with gold mineralization. Of particular interest, is the western portion of the Beaupre block, where our geological team has identified targets that are analogous to the known zones of gold mineralization at Perron. We currently have a drill testing these western targets, which have seen very little to no surface exploration or drilling in the past.”

Our geological model has been highly successful in the past, identifying the EGZ, the GCZ and high-grade gold mineralization at the GGZ. I am very optimistic that the data from this survey will be accretive to this model and help us to efficiently use our 20,000 m of regional drilling to locate more gold zones in the Beaupre Block,” further commented Cantore.

With regards to our ongoing drilling program on EGZ, GCZ and GGZ, I am pleased to report that drilling is going very well. We have seen numerous and significant intervals of mineralization often containing visible gold from all three zones and we are anxiously awaiting the results of these intersections and expect to receive and release these results to the market in the very near term.

Victor Cantore, CEO, Amex Exploration Inc.


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