Amex to Resume 100,000 m Drill Program at High Grade Perron Gold Property

About this update from Amex Exploration Inc.

[{"type":"text","content":"\nAmex to Resume 100,000 m Drill Program at High Grade Perron Gold PropertyMONTREAL, QC / ACCESSWIRE / May 8, 2020 / Amex Exploration Inc. (\"Amex or the Company\") (TSXV:AMX)(FRA:MX0)(OTCQX:AMXEF) announces it will resume drilling on the Perron Property pursuant to a recent announcement from the Government of Quebec regarding the resumption of mining and exploration activities in the Province of Quebec. As previously announced, the drills remain on-site in position at Perron and so an expeditious restart of the drill program is expected. As a reminder, Amex is very well positioned with relatively low overhead costs and ~$11M in cash and cash equivalents.Drilling will resume with a focus on the Eastern Gold Zone (\"EGZ\") while the Company waits for the ground to dry out elsewhere on the property, following the spring thaw period. Two drills are currently sitting on pads and have drilled downhole on targets intended to test the eastward expansion of the High Grade Zone (\"HGZ\") at depth. In addition, the Company will test the near-surface and expansion of the Denise zone. Amex expects to complete the remainder of its 100,000 metre drilling program by the end of 2020, with ample time remaining in the year and in a very strong cash position.Dr. Jacques Trottier, Executive Chairman of Amex Exploration said \"We are very excited to be resuming our drill program on Perron. Two drills should be fully operational as early as next week with a third drill scheduled to resume operations within the next two to three weeks. We are approximately 210 metres from our target in one hole and 500 meters from our second target, both at the Eastern Gold Zone, both are targeting significant lateral expansions of the HGZ. As always, the health and safety of our workers remains top of mind and we are taking necessary precautions at our Perron project while being mindful of social distancing and hygiene following Quebec's INSPQ and CNESST regulations governing the restart of the Mining Exploration Sector in order to prevent the spread of Covid-19.\"The Company's priority is to minimize the potential risks to its workforce at the drilling and core shack operations. At the drill site and core shack, workers will be self monitoring for symptoms prior to coming to work. The core shack facility is very spacious, allowing for adequate social distancing prac...

More updates from Amex Exploration Inc.