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Amex Reports Numerous Gold Intercepts on Grey Cat and Gratien Zones
Near-surface results up to 4.54 g/t Au over 10.30 m in PEG-20-150 and 1.22 g/t Au over 39.00...
About this update from Amex Exploration Inc.
[{"type":"text","content":"Amex Reports Numerous Gold Intercepts on Grey Cat and Gratien ZonesNear-surface results up to 4.54 g/t Au over 10.30 m in PEG-20-150 and 1.22 g/t Au over 39.00 m in PEG-20-143 MONTREAL, QC / ACCESSWIRE / March 25, 2020 / 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 Gratien Gold Zone (GGZ) and the Grey Cat Zone (GCZ) 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 Grey Cat Zone (GCZ) and Gratien Gold Zone (GGZ).Figure 1: Perron Property with mineralized zones Amex is pleased to report numerous intervals of near-surface gold mineralization on its two western zones, GCZ and GGZ, affirming the open pit mining potential of Grey Cat. At Grey Cat, these results are from holes aimed at defining the near-surface portion (surface to ~150 metres vertical depth) of the zone at approximately 25 metre spacings, confirming continuity of gold mineralization. Significant intercepts include 1.22 g/t Au over 39.00 metres in hole PEG-20-143 at a vertical depth of approximately 80 metres as well as 4.54 g/t Au over 10.30 metres in hole PEG-20-150 at a vertical depth of approximately 70 metres. Mineralization is very planar and occurs in a single lens easily identifiable in three dimensions and simple to target.Figures 2 and 3 are Long Sections of the Grey Cat and Gratien Gold Zones illustrating the holes reported in today's press release as well as metal factor contouring of the gold zones and is inclusive of significant mineralized holes reported to date. Metal factor is the grade multiplied by the length of the interval. A higher metal factor is indicative of either higher grade or interval length or both.Figure 2: Grey Cat Zone Long SectionAt Gratien, results include numerous intervals from the Gratien Main and Lower Gratien zones. These results are all very close to surface, i.e. less than ~110 vertical metres, and re-affirm the potential for open-pit type mining methods. In hole PEG-20-136, Amex intersected 1.18 g/t Au over 9.20 m at a vertical depth of ~ 80 metres. In hole PEG-20-138, Amex intersected 1.66 g/t...