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Amex Reports Phase Two Metallurgical Results from Three Composite Samples from the HGZ at Perron - Confirms Gold Recovery of +99% - and Grants Stock Options
MONTREAL, QC / ACCESSWIRE / November 11, 2020 / Amex Exploration Inc. ("Amex or the Company")...
About this update from Amex Exploration Inc.
[{"type":"text","content":"Amex Reports Phase Two Metallurgical Results from Three Composite Samples from the HGZ at Perron – Confirms Gold Recovery of +99% - and Grants Stock OptionsMONTREAL, QC / ACCESSWIRE / November 11, 2020 / Amex Exploration Inc. (\"Amex or the Company\") (TSXV:AMX)(FRA:MX0)(OTCQX:AMXEF) is very pleased to report additional metallurgical results from the High Grade Zone (HGZ), located in the Eastern Gold Zone (EGZ) on the 100% owned Perron property in northwestern Quebec, Canada. Complete metallurgical results are provided in Table 1. The second phase of metallurgical testing was completed to determine the theoretical recoverability of the HGZ mineralization using a simple gravity-cyanide circuit, commonly used in many gold milling operations throughout the Abitibi region. All three composite samples, representing high, medium, and low grade mineralization characteristic of the HGZ, were found to be highly amenable to the simple gravity- cyanidation circuit, with overall gold recoveries greater than 99% and silver recoveries better than 89.5%. These results further confirm that a simple gravity-cyanidation flowsheet would be sufficient to achieve equivalent or better than industry average recoveries. Metallurgical work was completed by SGS Canada Inc., a leader in metallurgical and analytical studies.Kelly Malcolm, VP Exploration of Amex Exploration commented, \"I am very pleased with our metallurgy program to date. Our previously announced Phase 1 results showed exceptional gold and silver recovery using a 3-stage processing technique (gravity, flotation, and cyanidation). The Phase 2 metallurgy program determined that we are able to achieve very high gold and silver recoveries using a simplified 2 stage process that eliminates floatation, thereby lowering projected processing costs as well as capital costs.\"Three samples of full PQ (large diameter) drill core were individually stage crushed with a combination of jaw, cone, and roll crusher to passing ½ inch. One quarter of the sample was rotary split and further crushed to 100% passing 6 mesh. Following sample homogenization, a 10 kg sub-sample was rotary split for Bond mill work index testing (BWI) and the remainder was crushed to 100% passing 10 mesh. Following sample homogenization, each sample was further rotary split into a 10 kg test charge and a 1 kg head assay...