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Amex Exploration to Option Newman, Noseworthy and Hepburn Properties in Ontario
Montreal, Quebec--(Newsfile Corp. - March 13, 2026) - Amex Exploration Inc. (TSXV: AMX) (FSE: MX...
About this update from Amex Exploration Inc.
[{"type":"text","content":"Amex Exploration to Option Newman, Noseworthy and Hepburn Properties in OntarioMontreal, Quebec--(Newsfile Corp. - March 13, 2026) - Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) (\"Amex\" or \"the Company\") is pleased to announce that it has entered into an option agreement (the \"Option Agreement\") to acquire a 100% undivided interest (the \"Transaction\") in 216 non-contiguous, unpatented mining claims in the Noseworthy, Newman, and Hepburn Townships in the province of Ontario, representing a total area of approximately 11,600 hectares (the \"Properties\").Figure 1: Map showing the newly optioned Properties under the Option Agreement.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/2667/288390_c5f99b72e4ee0985_002full.jpgThe Newman Property holds 11 historical gold showings as well as 2 copper showings. The majority of the gold showings came from overburden drilling that were never investigated further. Highly anomalous gold results from these historical reports start at 170ppb Au (0.17 g/t Au) and range all the way to 38,000ppb Au (38 g/t Au). 7 showings contain values in excess of 1 g/t Au, which are extremely anomalous when it comes to overburden drilling. Figure 2: Map of the Newman Property showing the location and grades of selected historical showings. Disclosure: Results have been verified against historical NI43-101 reports but compilation of historical assay certificates remains ongoing. The author has no reason to believe the filed NI43-101 reports would be inaccurate or misleading. To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/2667/288390_c5f99b72e4ee0985_003full.jpgThe Hepburn Property is an important addition to the Perron West Property as it contains the important regional structure the Chicobi Fault, which separates the metasediments to the south from the volcanics to the north. By controlling all important geological features in the immediate area, Amex can ensure that no stone is left unturned when it comes to exploration of new high-grade gold zones. Transaction DetailsThe Company, as optionee, entered into the Option Agreement with certain arm's length optionors in respect of the Properties. Pursuant to the Option Agreement, the Company will:(i)  pay to the optionors aggregat...