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Amex Drills High Grade Results in the HGZ in the Eastern Gold Zone Hole PEM-20-005 - 32.41 g/t Au over 15.60 m Hole PE-20-179 - 11.71 g/t Au over 8.10 m
MONTREAL, QC / ACCESSWIRE / August 18, 2020 / Amex Exploration Inc. ("Amex or the Company") (...
About this update from Amex Exploration Inc.
[{"type":"text","content":"Amex Drills High Grade Results in the HGZ in the Eastern Gold Zone Hole PEM-20-005 - 32.41 g/t Au over 15.60 m Hole PE-20-179 – 11.71 g/t Au over 8.10 mMONTREAL, QC / ACCESSWIRE / August 18, 2020 / Amex Exploration Inc. (\"Amex or the Company\") (TSXV:AMX)(FRA:MX0)(OTCQX:AMXEF) is very pleased to report further results from the High Grade Zone (HGZ), located in the Eastern Gold Zone (EGZ) on the 100% owned Perron property in northwestern Quebec, Canada. The EGZ is comprised of multiple parallel gold zones including the HGZ and the Denise Zone. A select list of results is provided in Table 1. In addition, Amex wishes to report that it has intersected visible gold in the deepest hole (PE-20-185) drilled to date in the HGZ at approximately 1,025 m vertical depth. The core is being sent to the lab for assaying.Highlights include: (see Figure 1 - HGZ Long Section for hole locations)Hole PEM-20-005 intersected 32.41 g/t Au over 15.60 m, including 125.63 g/t Au over 0.50 m and 853.40 g/t Au over 0.50 m at a vertical depth of approximately 150 m. PEM-20-005 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.Hole PE-20-179 intersected 11.71 g/t Au over 8.10 m, including 92.19 g/t over 1.00 m at a vertical depth of approximately 820 m. This is the 2nd deepest hole in the HGZ and continues to expand high-grade gold mineralization at depth.Jacques Trottier, PhD Executive Chairman of Amex said, \"We are pleased to report more exceptional results from the HGZ. Hole PEM-20-005 was drilled between hole PE-19-45 and hole PE-19-22 with the objective of confirming high grades and continuity of gold mineralization in the system, which is crucial to achieving a high top-cut grade in a NI 43-101 compliant resource calculation. Not only did the results confirm the continuity of the previously highest grade individual intercept to date of 677.62 g/t Au over 0.50 m in hole PE-19-22, but it actually exceeded this result, returning 853.40 g/t Au over 0.50 m. Moreover, hole PEM-20-005 was drilled only 5.0 meters from hole PE-19-45, that returned 30.98 g/t Au over 8.50 m for a metal factor (MF) of 263.35 gram-metres Au, whereas hole PEM-20-005 returned a remarkable MF of 505.66 gram-metres Au. Again, th...