Business
Amex Exploration Reviews 2020 Achievements
MONTREAL, QC / ACCESSWIRE / January 5, 2021 / Amex Exploration Inc. ("Amex or the Company") (...
About this update from Amex Exploration Inc.
[{"type":"text","content":"Amex Exploration Reviews 2020 AchievementsMONTREAL, QC / ACCESSWIRE / January 5, 2021 / Amex Exploration Inc. (\"Amex or the Company\") (TSXV:AMX)(FRA:MX0)(OTCQX:AMXEF) Amex is pleased to provide a review of the 2020 year.Highlights from the year include:Expanded the drill program from 100,000 m to 300,000 m going from 3 drills on site to 10 drills by mid November, making the Amex drilling campaign one of the largest and most aggressive exploration programs in Canada this yearExpanded all three known gold zones along strike and to depth and identified the 3.2 km long Perron Gold Corridor along the 15 km of prospective thrust faults to be exploredIdentified high grade gold mineralization in the down to 1.1 km vertical depth at High Grade Zone (HGZ)Completed metallurgical testing on the HGZ of the Eastern Gold Zone (EGZ) showing recoveries of greater than 99% for gold and silver and demonstrated a simplified gold processing flow sheetStrengthened and diversified Board of DirectorsCompleted 2 financings bringing more than $24M in cash, adding cornerstone investors, ending the year in a strong financial positionCoverage initiated by 4 different well-known mining analystsThe Company began the year with three drills on the Perron project and ended 2020 with ten drills turning on the property. Approximately 120,000 m of drilling has been completed on the Perron project with about another 180,000 m to be completed on Perron in 2021. The drill program to date has focused on expanding the three main gold zones on the Perron project starting with the Gratien Gold Zone and the Grey Cat Gold Zone to the West and the Eastern Gold Zone to the East. Drilling has demonstrated that the property hosts at 3.2 km long Perron Gold Corridor. Regional exploration is currently under way on the 45 km2 property which host more than 15 km of major structural faults (Perron and Normetal Faults) which has seen very little drilling outside the Perron Gold Corridor. The Company is planning a significant 15,000 m regional exploration program for 2021 with a goal to identify additional gold zones at Perron. The Company began the year with three drills on the Perron project and ended 2020 with ten drills turning on the property. Approximately 120,000 m of drilling has been completed on the Perron project with about another 180,000 m to be completed on Perron in 2...