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Third Drill Mobilized to Amex Perron Project as Part of 100,000 Metre Drill Program
MONTREAL, Jan. 06, 2020 (GLOBE NEWSWIRE) -- Amex Exploration Inc. (“Amex or the Company”) (TSX-V: AMX, FRA: MX0, OTCQX: AMXEF) is very pleased to announce that
About this update from Amex Exploration Inc.
[{"type":"text","content":" MONTREAL, Jan. 06, 2020 (GLOBE NEWSWIRE) -- Amex Exploration Inc. (“Amex or the Company”) (TSX-V: AMX, FRA: MX0, OTCQX: AMXEF) is very pleased to announce that a third drill has been mobilized to its 100% owned Perron property in northwestern Quebec, Canada as part of its ongoing fully-funded 100,000 metre drill program. The third drill will be used to test regional exploration targets along strike to the east and west of the current 3.2 kilometre-long corridor of known gold mineralization (Gratien Gold Zone to Eastern Gold Zone). Approximately 20,000 metres of drilling will be dedicated to testing unexplored or underexplored structures within the Beaupre Rhyolite block, which hosts the Eastern Gold Zone, the Gratien Gold Zone, the Central Polymetallic Zone, and the Grey Cat Zone. The Beaupre Block, a highly prospective package that is known to host gold at the Perron property, was the subject of a detailed drone magnetic survey flown in late 2019. Amex expects to announce the interpretation of the drone survey and new drill targets shortly. Victor Cantore, CEO of Amex, commented, “The third drill will be testing areas that have never seen or have seen only very limited drilling in a package of rocks that yielded exceptional gold results for Amex in 2019. Two additional drills are currently on site and will continue to explore and define the Eastern Gold Zone, Grey Cat Zone, and Gratien Zone. Approximately 60,000 of our ongoing 100,000 metre program has yet to be drilled. With the completion of our two recent financings of approximately $13 million, the Company is very well capitalized for an aggressive exploration program.” Qualified PersonMaxime Bouchard P.Geo. M.Sc.A., (OGQ 1752) and Jérôme Augustin P.Geo. Ph.D., (OGQ 2134), Independent Qualified Persons as defined by Canadian NI 43-101 standards, have reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard and Jérôme Augustin. The quality assurance and quality control protocol include insertion of blank or standard every 10 samples on average, in addition to the regular insertion of blank, duplicate, and standard samples accredited by Laboratoire Expert during the analytical process. Gold values are estimated by fire assay with finish by atomic a...