Amex Exploration Inc. · TSXV:AMX
Amex Exploration — Investor Presentation (September 2024)
31 slides from Amex Exploration's investor presentation, September 2024
Slide 1: Making the Grade: High Grade Gold Discoveries in Quebec
TSXV: AMX MAKING THE GRADE TSXV: AMX HIGH GRADE GOLD DISCOVERIES OTC QX: A M X E F FRA: MX0 IN QUEBEC www.amexexploration.com September 2024
Slide 2: Forward-Looking Statement
FORWARD-LOOKING STATEMENT The purpose of this presentation is to provide general corporate information about Amex’s activities current as of February 18, 2023. The information is given in summary form and does not intend to be complete; readers are urged to review the Company’s full disclosure recor
Slide 3: Qualified Person and Third-Party Data
QUALIFIED PERSON AND THIRD-PARTY DATA QUALIFIED PERSON Jérôme Augustin P.Geo. Ph.D., (OGQ 2134), Independent Qualified Person as defined by Canadian NI 43-101 standards, has reviewed and approved the geological information reported. The drilling campaign and the quality control program have been pla
Slide 4: Corporate Structure & Analyst Coverage
CORPORATE STRUCTURE & ANALYST COVERAGE Share Price Performance Analyst Coverage Jeremy Hoy Pierre Vaillancourt Philip Ker Rabi Nizami May 2023 Shares issued 115,003,936 Options 2,100,000 Fully diluted 117,103,936 Market capitalization ~$200 Million 4
Slide 5: Latest Financing
LATEST FINANCING Strategic Investment by Eldorado Gold (for approximately a 9.9% ownership interest) Non-brokered charity flow-through private placement – aggregate gross proceeds $26.65M Eldorado brings considerable expertise as a high-grade, low-cost gold producer in the Abitibi 5 5
Slide 6: Management and Board of Directors
MANAGEMENT AND BOARD OF DIRECTORS Victor Cantore Jacques Trottier Pierre Carrier President and CEO, Director Executive Chairman of the Board Chief Operating Officer, Director Patrick Musampa Aaron Stone Jonathan Gagné Chief Financial Officer Vice President Exploration Vice President Project Developm
Slide 7: Flagship Property Location – Quebec, Canada
FLAG-SHIP PROPERTY LOCATION – QUEBEC, CANADA The 100% owned Perron Project consists of 117 contiguous claims covering 4,518 hectares The project is well-serviced by existing infrastructure, on a year-round road, 10 minutes from an airport and just outside the town of Normétal (~8 km). ~110 km
Slide 8: Prolific Abitibi Greenstone Belt
PROLIFIC ABITIBI GREENSTONE BELT During its operation, the Normétal mine produced 10 Mt at 2.25% copper, 5.4% zinc, 0.5 g/t Au and 44.5 g/t Ag The project is in close proximity to a number of major gold producers' milling operations. 8
Slide 9: Perron Property Geology
PERRON PROPERTY GEOLOGY A number of significant gold zones and VMS discoveries have been made at Perron that stretch over a 4 km strike The project hosts the potential for bulk-tonnage open pit and high-grade gold underground mining. 9 9
Slide 10: Perron Project – Mineralized System – Plan View
PERRON PROJECT – MINERALIZED SYSTEM – PLAN VIEW v 10
Slide 11: Perron Project – Mineralized System – Longitudinal
PERRON PROJECT – MINERALIZED SYSTEM - LONGITUDINAL v 11
Slide 12: Perron Mineral Resource Estimate 2024
PERRON MINERAL RESOURCE ESTIMATE 2024 Open Pit Constrained COG 0.42 g/t Au UG Stope Constrained COG 1.29 g/t Au Total Perron Project Tonnes Grade (g/t Au) Gold (oz) Tonnes Grade (g/t Au) Gold (oz) Tonnes Grade (g/t Au) Gold (oz) Measured 131,250 1.39 5,880 445,250 6.60 94,530 576,500 5.42 100,400 In
Slide 13: Plan View of Constrained Mineral Resources at Perron
PLAN VIEW OF CONSTRAINED MINERAL RESOURCES AT PERRON N110 JT Alizée Grey Cat Team UHGZ HGZ E2 Gratien Denise Plan view showing the mineralised wireframes at Perron Drawn by: Merouane Rachidi, P.Geo., Ph.D. property Date: 2024-09-02 Projected coordinate system: NAD 83 – UTM Zone 17 500m
Slide 14: View Looking North of Mineral Resources Delineated at Perron
VIEW LOOKING NORTH OF MINERAL RESOURCES DELINEATED AT PERRON Section view looking North of the mineralised wireframes Drawn by: Merouane Rachidi, P.Geo., Ph.D. at Perron property Date: 2024-09-02 Projected coordinate system: NAD 83 – UTM Zone 17 500m
Slide 15: Eastern Gold Zone (EGZ)
EASTERN GOLD ZONE (EGZ) Several parallel mineralized zones Denise Zone + High Grade Zone Open in all directions ALONG STRIKE AND AT DEPTH 15
Slide 16: Eastern Gold Zone – High Grade Zone
EASTERN GOLD ZONE High Grade Zone Highlights from the deeper (eastern) High Grade Zone include: • 35.89 g/t Au over 6.75 m in hole PE-21-404W2 • 102.07 g/t Au over 6.10 m in hole PE-21-386W1 • 29.62 g/t Au over 8.40 m in hole PE-21-318 • 37.59 g/t Au over 6.20 m in hole PE-21-287 • 17.01 g/t Au over
Slide 17: Eastern Gold Zone – Denise Zone
EASTERN GOLD ZONE Denise Zone Intersected at least 750 vertical metres of gold mineralization starting from surface across a strike of more than 1 km. Western Denise • Hole PE-21-422 intersected 65.00 m of 1.89 g/t Au, including 0.50 m of 197.35 g/t Au • Hole PE-21-392 intersected 58.50 m of 1.82 g/
Slide 18: High Grade Zone Metallurgy Program: +99% Recovery of Gold and Silver
HIGH GRADE ZONE METALLURGY PROGRAM +99% RECOVERY OF GOLD AND SILVER Multiple coarse grains of gold in PEM-20-001 to PEM-20-003 Metallurgical holes head grade returned 27.70 g/t Au over 11.80 m in PEM-20-001 12.70 g/t Au over 16.60 m in PEM-20-002 5.65 g/t Au over 10.60 m in PEM-20-003 All
Slide 19: Metallurgical Results with Greater Than 95% Gold Recovery
METALLURGICAL RESULTS WITH GREATER THAN 95% GOLD RECOVERY FROM MAJOR GOLD ZONES Final results (gravity + flotation + leaching) from the metallurgical test work completed across the Perron property. RECOVERY Gravity Gravity + Gravity Gravity + Gravity Gravity + Flot Flot + CN + Flot Flot + CN ZONE Te
Slide 20: Gratien Gold Zone
GRATIEN GOLD ZONE Reinterpretation of historical Perron Property drilling using the From To Length Au Drill Hole Eastern Gold Zone (EGZ) geological model (m) (m) (m) (g/t) PEG-19-65 109.40 110.85 1.45 67.52 incl. 109.40 110.20 0.80 4.13 High grade corridor identified in the Gratien Gold Zone (GG
Slide 21: Gratien Gold Zone Western Extension
GRATIEN GOLD ZONE WESTERN EXTENSION Best near-surface intercept of 76.69 g/t Au over 3.50 m was found in the western extension of the Gratien orebodies. March 28, 2024 – Assay Results PEG-24-742 returned 3.50 m of 76.69 g/t Au, including 0.60 m of 431.72 g/t Au at a vertical depth of ~130 m PEG-
Slide 22: Grey Cat Gold Zone 2019 Drilling
GREY CAT GOLD ZONE 2019 DRILLING From To Length Au Hole ID (m) (m) (m) (g/t) PEG-19-78 94.00 128.00 34.00 1.89 Trenching, mapping, sampling, Including 94.00 101.50 7.50 5.07 along with follow-up drilling is currently ongoing Including 117.10 128.00 10.90 2.25 PEG-19-80 243.10 270.00 26.90 3.42 Inc
Slide 23: Consolidated Team Zone
CONSOLIDATED TEAM ZONE All three zones display similarity in their lithologies, structures and mineralization style, therefore geologically it made sense to combine them into Team Zone. Team Zone Drill Holes Geological map of the Team Gold Zone, showing gold Team Zone consists of a large-scale
Slide 24: JT Zone
JT ZONE New gold discovery in a never-before-seen lithology within the Beaupré Block of the Perron project Drill Highlights Include: PEX-24-222 70.50 m of 0.91 g/t Au, including 10.50 m of 2.83 g/t Au at vertical depth of ~20-70 m PEX-24-213 49.50 m of 0.86 g/t Au, including 5.90 m of 2.39 g/t A
Slide 25: Additional Gold Discoveries – E2 Gold Zone
ADDITIONAL GOLD DISCOVERIES – E2 GOLD ZONE E2 Gold Zone E2 Gold Zone From Length Cu Vertical Hole ID To (m) Au (g/t) Zone (m) (m) (%) depth PE-20-210 108.80 112.70 3.90 58.25 210 110m Including 111.20 111.70 0.50 412.30 Zone PE-21-041 288.60 293.70 5.10 31.87 Alizee 200m PEX-20-034 150.00 163.85 13.
Slide 26: Base Metal Discoveries
BASE METAL DISCOVERIES Note: The drill intervals for the QF zone are presented in core lengths. 26
Slide 27: Regional Geochemistry – New Exploration Targets Property Wide
REGIONAL GEOCHEMISTRY – NEW EXPLORATION TARGETS PROPERTY WIDE Ag - Soil Au - Soil Au - Bark Cd - Soil Cu - Soil Pb - Soil WSM - Soil Zn - Soil 27
Slide 28: Forest Fires & Logging Roads – Eastern Gold Zone
FOREST FIRES & LOGGING ROADS – EASTERN GOLD ZONE 28
Slide 29: Normétal Infrastructure
NORMÉTAL INFRASTRUCTURE The Perron gold property is fully road accessible year-round by government- maintained highway and forestry roads and is proximal to power and water services. 29
Slide 30: Exploration Upside
EXPLORATION UPSIDE Western Beaupré remains open for further high-grade discoveries Andesite of Normétal South Block largely untested Multiple gold and VMS targets to be tested in Normétal Volcanic Complex 30
Slide 31: Corporate Objectives
• Complete Preliminary Economic Assessment for Q4, 2024 • Continue to expand HGZ at surface and at depth and upgrade inferred resources to measured and indicated • Expand Gratien and Grey Cat Zones to west and at depth • Continue drilling newly discovered JT Zone and complete geochronology studies o
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