Business
Amex Exploration Significantly Increases Gold Resource on Perron - 1.615 Moz Measured and Indicated at 6.14 g/t Au in 8.183 Mt and 698 koz Inferred at 4.31 g/t Au in 5.044 Mt
Key Highlights: Mineral Resource Estimate: All constrained Zones contain 1.615 Moz Measur...
About this update from Amex Exploration Inc.
[{"type":"text","content":"Amex Exploration Significantly Increases Gold Resource on Perron - 1.615 Moz Measured and Indicated at 6.14 g/t Au in 8.183 Mt and 698 koz Inferred at 4.31 g/t Au in 5.044 MtKey Highlights:Mineral Resource Estimate: All constrained Zones contain 1.615 Moz Measured & Indicated Resources at 6.14 g/t Au in 8.183 Mt and an Inferred Resource of 698 koz at 4.31 g/t Au in 5.044 Mt.Champagne Zone (formerly the High Grade Zone) contains resources of 831 koz of Measured and Indicated Mineral Resources at a grade of 16.20 g/t Au in 1.594 Mt and 128 koz of Inferred at a grade of 9.83 g/t Au in 406 kt.172% increase in Measured & Indicated Resources over the 2024 Mineral Resource Estimate, with a 43% increase in grade realized. Estimates based on high-grade, selective narrow vein mining operation approach.Additional Mineral Resource potential: to expand the deposits in all directions for future Mineral Resource estimation. With a land package increase from 45.6 to 197.5 square kilometers (\"km2\") providing additional new targets to be explored. See press release dated March 25, 2025.Infrastructure: The excellent nearby infrastructure continues to play a vital role at the Perron Project. The Company plans to complete an updated Preliminary Economic Assessment (PEA) utilizing the 2025 Mineral Resource Estimate, expected later this year.Victor Cantore, President and CEO, Director of Amex Exploration commented, \"We are thrilled to announce an updated Mineral Resource Estimate which shows an increase in contained ounces as well as grade. The high-grade, continuous nature of the Champagne Zone in particular, puts Amex in a unique position with exceptional flexibility for the development of the Project, which will be analyzed in detail for an updated PEA. This Mineral Resource Estimate demonstrates the team's ability to identify and grow the Perron Project into a world class gold asset.\"Cantore continued, \"Given the quality of the project, we are pursuing a dual pathway of development and continued exploration at Perron. In today's gold price environment, these ounces are extremely lucrative, however, are also highly resilient to fluctuations in gold prices and I expect our upcoming PEA to reflect very positive economics. I look forward to updating all stakeholders in the coming weeks.\"Jacques Trottier, PhD, Executive Chairman of Amex E...