Business
Amex Increases to Six Drills at Perron and Upsizes Drill Program to 200,000 Metres
MONTREAL, QC / ACCESSWIRE / June 19, 2020 / Amex Exploration Inc. ("Amex or the Company") (TS...
About this update from Amex Exploration Inc.
[{"type":"text","content":"Amex Increases to Six Drills at Perron and Upsizes Drill Program to 200,000 MetresMONTREAL, QC / ACCESSWIRE / June 19, 2020 / Amex Exploration Inc. (\"Amex or the Company\") (TSXV:AMX)(OTCQX:AMXEF)(FRA:MX0) is very pleased to announce the addition of 2 diamond drill rigs to the Perron property, bringing the total drills on site to 6 rigs. These two additional drill rigs will be mobilized and operating on the project by July 15th. Following the $15.75 million financing announced on June 17, Amex is increasing its fully-funded drill program from 100,000 metres to 200,000 metres.Four drills are currently operating on the Eastern Gold Zone (EGZ). Two of these drills are testing the depth extension of the High Grade Zone (HGZ). One is currently testing the near-surface potential of the Denise Zone, while the fourth is completing large diameter (PQ size) holes for the purpose of metallurgical testing. The fifth drill rig will also be deployed to test the HGZ at depth, while the sixth will resume exploration at the Grey Cat and Gratien Zones, now that the ground has dried sufficiently to allow access to the western portion of the property.Jacques Trottier, Executive Chairman of Amex, commented, \"With the recently announced closing of our $15.75 million financing, Amex has elected to significantly increase the pace and size of its exploration program. We have had great successes this year on drilling the depth and strike extension of the HGZ and look forward to continuing the rapid advancement of this very attractive gold system. We are also excited to resume drilling on Gratien and Grey Cat, where we have been intersecting robust grades over significant widths. In addition, we intend to test the potential of connecting the gold zones at Perron. We will be exploring for additional zones both along strike of the known 2.7-kilometre corridor of gold mineralization as well as in between the known zones of mineralization.\"Current exploration will target:1. Exploration along strike of the known 2.7 km Perron gold corridor, as well as focused exploration between known zones of mineralization, as shown in Figure 1, with the objective of possibly linking up these known gold zones and generating a bulk tonnage target coupled with the high-grade underground-type targets like the Eastern Gold Zone and potentially the Grey Cat Zone.Figure 1: Long...