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Amex Reports 29.40 g/t Au Over 8.50 metres In Deepest Hole to Date on Eastern Gold Zone
MONTREAL, Feb. 13, 2020 (GLOBE NEWSWIRE) -- Amex Exploration Inc. (“Amex or the Company”) (TSX-V: AMX, FRA: MX0, OTCQX: AMXEF) is very pleased to report multipl
About this update from Amex Exploration Inc.
[{"type":"text","content":" MONTREAL, Feb. 13, 2020 (GLOBE NEWSWIRE) -- Amex Exploration Inc. (“Amex or the Company”) (TSX-V: AMX, FRA: MX0, OTCQX: AMXEF) is very pleased to report multiple high grade drill results from the Eastern Gold Zone on its 100% owned Perron property in northwestern Quebec, Canada (see figure 1). A select list of results is provided in Table 1. Amex provides all drill data on its website at http://www.amexexploration.com/perron/drill-data-room/. The drill results include intersections from the High Grade Zone (HGZ) of the Eastern Gold Zone (EGZ). Amex is pleased to report very high-grade gold from the deepest holes reported to date on the HGZ. Hole PE-20-137 significantly extends the gold mineralization at depth by 150 metres as well as along strike by 75 metres and is to the east of a late stage diabase dike as shown in Figure 2. Importantly, Hole PE-20-137 shows exceptional grade continuity over the composite interval of 29.44 g/t Au over 8.50 metres at a vertical depth of 570 metres including 60.47 g/t Au over 0.70 metres, 11.68 g/t Au over 1.00 metres, 48.71 g/t Au over 0.60 metres, 50.31 g/t Au over 0.50 metres, and 279.72 g/t Au over 0.50 metres. In addition, Amex is pleased to report additional high grade gold mineralization in Hole PE-20-132 that intersected 62.67 g/t Au over 1.00 metre at a vertical depth of 385 metres, including 81.12 g/t Au over 0.50 metres and 44.21 g/t Au over 0.50 metres. This intercept includes a large quartz vein of which the entire interval, including the above intercepts, grades 11.68 g/t Au over 5.50 metres. A number of additional gold intersects from the HGZ and Denise Zones are reported in Table 1. Dr. Jacques Trottier, Executive Chairman of Amex Exploration said, “The high-grade results reported today on the HGZ are very important to the Eastern Gold Zone and the overall Perron project. We have successfully targeted the projected eastward and depth extension of the HGZ with thick and high-grade vein intercepts of up to nearly one ounce per tonne gold over 8.50 metres. We look forward to continuing to test the size of this very high grade gold system now continuing on the East side of a late Proterozoic diabase dyke. In my personal opinion, this opens up a whole new area of exploration in the Eastern Gold Zone and is reminiscent of similar Abitibi gold mines that have significant depth potenti...