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Amex Generates Multiple New Gold and VMS Targets at Perron From Regional Exploration Program
Montreal, Quebec--(Newsfile Corp. - May 30, 2023) - Amex Exploration Inc.  (TSXV: AMX) (F...
About this update from Amex Exploration Inc.
[{"type":"text","content":"Amex Generates Multiple New Gold and VMS Targets at Perron From Regional Exploration ProgramMontreal, Quebec--(Newsfile Corp. - May 30, 2023) - Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) (\"Amex or the Company\") is pleased to announce and discuss results from its property-wide regional exploration campaign on Perron, including two geochemical surveys and exploration diamond drilling. Both the regional drilling and geochemical surveys successfully identified significant targets for follow-up in areas that have seen little to no drilling by Amex or previous operators (Figures 1, 4, & 5). Amex plans to expand and tighten up the spacing of its geochemical dataset, and conduct follow-up drilling on these new targets over the coming months.Geochemical Exploration Programs Generate both Gold and VMS TargetsIonic Leach Geochemical Soil SurveyIn the fall of 2022, Amex, in conjunction with Vision Geochemistry and Laurentia Exploration, conducted an Ionic Leach geochemical soil survey, covering approximately two thirds of the Perron property. The soil samples were analyzed by the Ionic LeachTM method (ALS Global), which measures the concentration of metal ions in soil. The Ionic Leach method aims to detect mineralization through deep overburden coverage. Geochemical anomalies sourced from ore-grade mineralization often present sharp and high-amplitude signals, which are ideal for drill targeting. The survey was designed to focus with higher resolution over the Beaupre Block and along the Normetal Mine Horizon, and with lower resolution over the Normetal Volcanic Complex and the Normetal Southern Block. The results for zinc and gold from the Ionic Leach survey are both presented in Figure 2. The Ionic Leach survey highlights a significantly large zinc anomaly (~600m by ~300m) along the eastern portion of the Normetal Mine Horizon. This anomaly is associated with copper, lead, silver and gold, indicative of VMS-type base metal mineralization. On the regional scale, several gold exploration targets were also identified, including:Northeastern corner of the property, near the contact between the Normetal Volcanic Complex and the Gale Group basalt and iron formations;Southern-central portion of the property where the Late Diabase Dyke intrusion contacts the Normetal South Block; andWestern area of the Beaupr...