Business
Amex More than Doubles Land Position to Control 500 km2 in the Abitibi Region
Becomes one of the largest land holders in the Abitibi region - holds 70 km along strike of Normétal-Burntbush greenstone beltMontreal, Quebec--(Newsfile...
About this update from Amex Exploration Inc.
[{"type":"text","content":"Becomes one of the largest land holders in the Abitibi region - holds 70 km along strike of Normétal-Burntbush greenstone belt","length":126,"tagName":"p","attribs":{"class":"nfSubHeading"},"className":""},{"type":"text","content":"Montreal, Quebec--(Newsfile Corp. - December 1, 2025) - Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) ("Amex" or "the Company") is pleased to announce that it has entered into an asset purchase agreement (the "APA") with an arm's length vendor to acquire two projects immediately adjacent to the existing Amex land package, individually named the Abbotsford Project and the Hepburn Project (the "Transaction"). In addition to these acquisitions, the Company has acquired, through claim staking, the continuation of these greenstone belts, and now controls approximately 70 km of strike length of the prolific Abitibi greenstone belt (see Figure 1). When combined with the existing land holdings of Perron and Perron West, the Company will increase its footprint from 19,972 hectares (199.72 km2) to 50,108 hectares (501.08 km2).","length":891,"tagName":"p"},{"type":"text","content":"Amex has extended its holdings to the northwest along the Normétal-Burntbush greenstone belt, which hosts Perron's 2.3 million ounce resource (see press release dated May 21, 2025).","length":185,"tagName":"p"},{"type":"text","content":"Details of the acquisitions and claim staking are as follows:","length":61,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"The Abbotsford Project consists of 242 claims for a total of 6,253.47 hectares;","length":79,"tagName":"p"}]},{"val":[{"type":"text","content":"The Hepburn Project consists of 82 claims for a total of 2,139.45 hectares;","length":75,"tagName":"p"}]},{"val":[{"type":"text","content":"890 claims acquired though staking for the continuation of the Abbotsford project for a total of 18,753.17 hectares; and","length":120,"tagName":"p"}]},{"val":[{"type":"text","content":"141 claims acquired through claim staking for the continuation of the Hepburn project, for a total of 2,990.16 hectares.","length":120,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":394,"olType":false},{"type":"text","content":"Victor Cantore, President & CEO of Amex Exploration commented, "Based on our ext...