Amex Reports on Regional Exploration Program including Four New Gold Zones

Amex Reports on Regional Exploration Program including Four New Gold Zones

Highlights include:

  • E2 GOLD ZONE (new zone)
    • PEX-20-034 returned 5.58 g/t Au over 13.85 m including 136.02 g/t Au over 0.55 m
    • PEX-21-066 returned 4.54 g/t Au over 8.45 m
  • GOLD-COPPER DONNA ZONE (new zone)
    • PE-21-318W1 returned 1.37 g/t Au and 0.25 % Cu over 56.00 m including 3.59 g/t Au and 0.72 % Cu over 14.70 m
    • PE-21-318 returned 0.79 g/t Au and 0.24 % Cu over 29.15 m
    • PE-21-318W2 returned 0.89 g/t Au and 0.20% Cu over 16.00 m
  • E3 GOLD ZONE (new zone)
    • PEX-20-003 returned 0.75 g/t Au over 33.80 m
  • UPPER HIGH GRADE ZONE (new zone)
    • PE-20-207W1 returned 18.79 g/t Au over 1.05 m
    • PE-20-190 returned 1.01 g/t Au over 17.20 m
    • PE-20-186A returned 4.08 g/t Au over 3.50 m
  • 210 GOLD ZONE (follow-up drilling)
    • PE-20-229 returned 1.12 g/t Au over 19.50 m
    • PE-21-280 returned 2.39 g/t Au over 9.00 m
    • PE-21-301 returned 0.82 g/t Au over 15.00 m
  • ALIZEE GOLD ZONE (follow-up drilling)
    • PEX-21-049 returned 7.62 g/t Au over 2.15 m
  • WESTERN PERRON (regional exploration drilling)
    • PEX-21-054 returned 3.18 g/t Au over 4.50 m
    • PEX-21-065 returned 2.56 g/t Au over 3.30 m
    • PEX-21-011 returned 3.09 g/t Au over 1.70 m

Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) ("Amex or the Company") is pleased to announce a total of 58 drill holes focused on new areas of gold mineralization on the Perron project ("Perron" or the "Project"). See Figure 1 for a plan view of the geology of Perron and all currently known mineralized zones.

Today's results are focused on a number of new discoveries of gold and copper as well as follow-up drilling on the previously announced 210 (February 17, 2021) and Alizee (January 25, 2021) Gold Zones. These results represent regional exploration drilling as well as mineralization identified up-hole during definition and expansion drilling of known gold zones on the Perron Project. A complete list of results is available in Tables 1 through 7 and presented in Figures 1 through 4. All drilling data for the Perron project, including collar, survey, and individual assays, is available in the Amex data room at https://amexexploration.com/properties/quebec-exploration-perron-property/drill-data-room. In addition to the results presented below, Amex also announces that drilling has resumed on January 3rd with 8 drills currently operating across the Project with plans to expand to up to 11 drills during the winter months.

Jacques Trottier, PhD, Executive Chairman of Amex Exploration, commented, "The Perron project has historically shown a strong gold signature within the Beaupre Rhyolite Block. The results presented today further validate the gold potential of the entire Beaupre area and we are seeing gold mineralization occurring in a variety of orientation and mineralization styles. This further confirms our expectations that as we continue to advance our exploration of this strongly endowed gold system, we will continue to make additional gold discoveries and expand upon the known mineralized horizons."

Trottier continued, "The E2 Gold zone is of great significance for Amex as it has the potential to add ounces per vertical metre in close proximity to the High Grade Zone. As we have seen at the High Grade Zone we are hopeful that the strike and grade will increase at E2 as we get deeper into the system. Our regional exploration program has been a complete success by any measure and the areas highlighted in this release all warrant follow-up work."

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/2667/109603_c2b275c57429399d_002.jpg

Figure 1: Plan view of the geology of the Perron Project and all known mineralized zones, including the new zones announced today in red text.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2667/109603_c2b275c57429399d_002full.jpg

E2 Gold Zone

The E2 Gold zone ("E2") represents one of the most significant new discoveries on the Perron Project since the discovery of the High Grade Zone ("HGZ") in 2018 (Figure 2). The E2 zone was discovered by stepping out to the East along the same structure that hosts the bonanza mineralization of the HGZ. Mineralization identified to date is very similar to the HGZ, with a repetition of a mineralized hanging wall vein, a largely unmineralized narrow mafic sill, and a mineralized footwall vein. Sulfide minerals are also very similar, with sphalerite being the most common sulfide associated with gold mineralization, along with lesser pyrite. Visible gold has been identified in several drillholes. Of particular importance is the projected plunge of the mineralization. The E2 zone is situated approximately 500 metres to the East of the HGZ, and the projected plunge of mineralization (based on drillholes to date) appears to be similar to that of the HGZ, plunging to the East-Northeast at approximately ~70 degrees (Figure 3). This is important as it represents a possible repeating ore shoot along the same structure as the HGZ. Expanding upon the E2 zone and testing its down-plunge grade and continuity is one of Amex's top priorities for the ongoing winter drilling program.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/2667/109603_c2b275c57429399d_003.jpg

Figure 2: Plan view of the geology of the Eastern Gold Zone to E3 Gold Zone and all known mineralized zones, including the new zones announced today.

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/2667/109603_c2b275c57429399d_003full.jpg

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/2667/109603_c2b275c57429399d_004.jpg

Figure 3: Longitudinal section of the HGZ and E2 Gold Zone, with today's released hole locations in green labelled on the longitudinal. Assay results are presented in core length (m). True width is approximately 70-80% of reported intercepts. Metal factor is defined as gold grade multiplied by core length.

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/2667/109603_c2b275c57429399d_004full.jpg

Table 1: Assay results from the new E2 Gold Zone at Perron

Zone Hole From (m) To (m) Length (m) Au (g/t) Gold Metal Factor (g/t*m)
E2 PEX-20-034 150.00 163.85 13.85 5.58 77.28
including 151.40 151.95 0.55 136.02 74.81
PEX-21-066 226.25 234.70 8.45 4.54 38.34
including 228.30 228.80 0.50 70.00 35.00
and 97.50 98.00 0.50 23.30 11.65
PEX-21-062 295.45 297.55 2.10 5.08 10.67
PEX-21-078 79.50 80.20 0.70 12.30 8.61
PEX-21-061 148.50 157.30 8.80 0.77 6.81
PEX-21-077 86.90 91.00 4.10 1.21 4.96
PEX-21-079 56.95 58.40 1.45 3.38 4.90
PEX-20-032 177.25 178.30 1.05 4.34 4.55
PEX-20-031 169.40 169.90 0.50 5.01 2.51
PEX-20-035 205.80 206.80 1.00 1.44 1.44

 

*Note that drill results are presented uncapped and lengths represent core lengths. Metal factor is defined as gold grade multiplied by core length.

Gold-Copper Donna Zone

The Gold-Copper Donna Zone ("Donna") discovery occurs immediately north of the HGZ at depth (Figure 2). It was discovered during deep expansion drilling of the HGZ. The mineralization identified, which is similar in each of the three holes reported, consists of highly chlorite-garnet-amphibole altered rhyolite which hosts centimetre-scale stringers of chalcopyrite-pyrrhotite. The correlation between gold and copper is quite strong. Amex has completed a borehole electromagnetic survey on this new discovery and is planning follow-up drilling to be completed in the coming months.

Table 2: Assay results from the new Gold-Copper Donna Zone at Perron

Zone Hole From (m) To (m) Length (m) Au (g/t) Cu (%) Gold Metal Factor (g/t*m)
Donna PE-21-318W1 1123.00 1179.00 56.00 1.37 0.25 76.72
including 1141.50 1156.20 14.70 3.59 0.72 48.76
PE-21-318 1164.50 1193.70 29.15 0.79 0.24 23.03
PE-21-318W2 1153.50 1169.50 16.00 0.89 0.20 14.24

 

*Note that drill results are presented uncapped and lengths represent core lengths. Metal factor is defined as gold grade multiplied by core length.

Alizee Gold Zone

The Alizee Gold Zone ("Alizee") was previously announced as a discovery by Amex on January 25, 2021 with hole PEX-21-041 returning 22.44 g/t Au over 7.30 m. The results below are from follow-up drilling on the discovery hole (Figure 1). Gold mineralization at Alizee is associated with quartz veining, quartz-carbonate breccias, silica flooding and strong chlorite-carbonates-biotite alterations, along with sphalerite, pyrite, trace chalcopyrite, and occasionally visible gold. Amex is reviewing the data and planning follow-up drilling to be completed in the coming months.

Table 3: Assay results from follow-up drilling of the Alizee Zone at Perron

Zone Hole From (m) To (m) Length (m) Au (g/t) Gold Metal Factor (g/t*m)
Alizee PEX-21-049 180.85 183.50 2.15 7.62 16.38
PEX-21-045 286.00 287.50 1.50 2.05 3.08
PEX-21-040 319.00 319.60 0.60 1.71 1.03

 

*Note that drill results are presented uncapped and lengths represent core lengths. Metal factor is defined as gold grade multiplied by core length.

E3 Gold Zone

The E3 Gold Zone ("E3") was discovered during regional drilling to the East of the HGZ, similar to the E2 zone (Figure 1). Amex completed systematic step out drilling along the structural corridor that hosts the Eastern Gold Zone which resulted in the discovery of the E3 zone, which is approximately 800 metres east of the HGZ (Figure 2). Gold mineralization is typical to that of Perron. Gold is hosted within quartz veins and veinlets in the altered Beaupre rhyolite, and associated with red sphalerite and pyrite mineralization.

Table 4: Assay results from the new E3 Gold Zone at Perron

Zone Hole From (m) To (m) Length (m) Au (g/t) Gold Metal Factor (g/t*m)
E3 PEX-20-003 76.00 109.80 33.80 0.75 25.35
including 108.30 109.80 1.50 12.51 18.77
PEX-20-024 176.00 176.50 0.50 10.47 5.24

 

*Note that drill results are presented uncapped and lengths represent core lengths. Metal factor is defined as gold grade multiplied by core length.

210 Gold Zone

The 210 Gold Zone ("210") is located proximal to and south of the northern Normetal fault zone, which is one of two kilometric thrust faults located on the Perron project (Figures 1 and 2). The 210 zone was originally announced as a discovery on February 17, 2017 with hole PE-20-210 returning 58.25 g/t Au over 3.90 m. The below announced holes represent follow-up drilling to this discovery hole. The identified mineralization is located approximately 650 m north-east of the HGZ in an area that has seen limited exploration. Conveniently, Amex is able to test the near-surface portion of the 210 zone during deep definition drilling of the HGZ owing to its location. Gold mineralization is hosted within quartz veining in sodic rhyolite of the Beaupre Block.

Table 5: Assay results from follow-up drilling of the 210 Gold Zone at Perron

Zone Hole From (m) To (m) Length (m) Au (g/t) Gold Metal Factor (g/t*m)
210 PE-20-229 95.90 115.40 19.50 1.12 21.84
including 95.90 96.65 0.75 12.13 9.10
PE-21-280 88.50 97.50 9.00 2.39 21.51
including 96.25 97.50 1.25 14.28 17.85
PE-21-301 69.00 84.00 15.00 0.82 12.30
PE-21-272A 67.15 67.65 0.50 18.45 9.23
PE-20-219 106.50 108.00 1.50 4.29 6.44

 

*Note that drill results are presented uncapped and lengths represent core lengths. Metal factor is defined as gold grade multiplied by core length.

Upper High Grade Zone

The Upper High Grade Zone ("UHGZ") is situated approximately 200 metres north of the HGZ (Figures 2 and 4). Of interest is the orientation of the UHGZ, which trends to the West-Northwest, at an angle of approximately 30 degrees away from the orientation of the HGZ. The UHGZ is often hosted by or proximal to a swarm of narrow mafic sills/dikes, and mineralization is associated with quartz veining, pyrrhotite, pyrite, sphalerite, and visible gold mineralization. Owing to its location and proximity to the HGZ, Amex is able to continue testing the UHGZ through its definition and expansion drilling program on the HGZ.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/2667/109603_c2b275c57429399d_005.jpg

Figure 4: Longitudinal section of the Upper HGZ, with today's released hole locations in green labelled on the longitudinal. Assay results are presented in core length (m). True width is approximately 65-80% of reported intercepts. Metal factor is defined as gold grade multiplied by core length.

To view an enhanced version of Figure 4, please visit:
https://orders.newsfilecorp.com/files/2667/109603_c2b275c57429399d_005full.jpg

Table 6: Assay results from the new Upper High Grade Gold Zone at Perron

Zone Hole From (m) To (m) Length (m) Au (g/t) Gold Metal Factor (g/t*m)
UHGZ PE-20-207W1 643.75 644.80 1.05 18.79 19.73
PE-20-190 625.00 642.20 17.20 1.01 17.37
including 626.00 626.50 0.50 12.94 6.47
and including 641.70 642.20 0.50 14.81 7.41
PE-21-347 777.65 778.15 0.50 31.33 15.67
PE-20-186 116.80 120.00 3.20 4.41 14.12
including 117.30 117.80 0.50 26.02 13.01
PE-21-386W1 603.80 604.30 0.50 27.87 13.94
PE-20-186A 105.30 108.80 3.50 4.08 14.28
including 106.80 107.30 0.50 24.65 12.33
PE-21-287 972.90 989.50 16.60 0.82 13.61
including 972.90 973.50 0.60 13.32 7.99
PE-21-347W1 822.80 823.40 0.60 20.37 12.22
PE-21-287W1 960.25 980.60 20.35 0.57 11.60
including 960.25 960.75 0.50 10.97 5.49
PE-21-301W2 808.50 815.10 6.60 1.64 10.82
including 809.35 809.85 0.50 15.43 7.72
PE-20-178 521.65 522.15 0.50 21.10 10.55
PE-20-197 875.25 891.70 16.45 0.53 8.72
PE-20-224W2 519.15 520.15 1.00 7.84 7.84
PE-21-347W2 773.50 774.00 0.50 13.84 6.92
and 823.50 824.00 0.50 13.03 6.52
PE-21-404 827.00 831.50 4.50 1.27 5.72
PE-21-300 558.50 559.00 0.50 11.00 5.50
PE-20-226 103.50 106.00 2.50 2.12 5.30
PE-21-272 731.20 731.70 0.50 9.99 5.00
PE-21-294 387.10 587.60 0.50 9.35 4.68
PE-21-301W1 810.55 811.20 0.65 7.11 4.62
and 844.20 844.70 0.50 6.51 3.26
PE-20-171 452.00 452.50 0.50 9.21 4.61
PE-20-190W1 610.70 611.20 0.50 6.45 3.23
PE-20-185 768.50 769.00 0.50 6.44 3.22
PE-20-197W2 809.45 812.50 3.05 1.05 3.20
PE-20-207W2 583.50 584.00 0.50 5.45 2.73
PE-21-434 914.90 915.40 0.50 4.51 2.26
PE-21-417 394.90 395.45 0.55 3.33 1.83
PE-20-231 38.85 39.60 0.75 2.38 1.79
PE-21-404W1 828.20 828.70 0.50 3.40 1.70
PE-21-301 808.20 808.70 0.50 3.25 1.63
and 838.00 838.50 0.50 4.32 2.16
PE-21-248W1 493.60 494.10 0.50 1.91 0.96
PE-21-404W2 815.00 815.50 0.50 1.63 0.82

 

*Note that drill results are presented uncapped and lengths represent core lengths. Metal factor is defined as gold grade multiplied by core length.

Regional Drilling at Western Perron

Amex has identified several new areas of gold mineralization in the western portion of the Beaupre block, in which very limited drilling has occurred historically due to limited access. The results presented below indicate the gold potential in the western block, and Amex plans to follow up on the below as well as test additional gold targets.

Table 7: Assay results from the regional drilling at Western Perron

Zone Hole From (m) To (m) Length (m) Au (g/t) Gold Metal Factor (g/t*m)
West Regional PEX-21-054 94.00 98.50 4.50 3.18 14.31
PEX-21-065 80.50 83.80 3.30 2.56 8.45
PEX-20-011 200.10 201.80 1.70 3.09 5.25
including 201.30 201.80 0.50 8.52 4.26

 

*Note that drill results are presented uncapped and lengths represent core lengths. Metal factor is defined as gold grade multiplied by core length.

Qualified Person

Maxime 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. Samples discussed in the press release were sent to Laboratoire Expert (Rouyn-Noranda) and AGAT Laboratories (Mississauga) for regional drilling exploration. 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 sample. For both laboratories, gold values are estimated by fire assay with finish by atomic absorption and values over 3 ppm Au are reanalyzed by fire assay with finish by gravimetry. Samples containing visible gold mineralization are analyzed by metallic sieve and just performed by Laboratoire Expert. For additional quality assurance and quality control, all samples were crushed to 90% less than 2 mm prior to pulverization, in order to homogenize samples which may contain coarse gold. Copper and other elements were analyzed using the four-acid ICP-AES method by Laboratoire Expert. Core logging and sampling were completed by Laurentia Exploration. The Qualified Persons have not completed sufficient work to verify the historic information on the Property, particularly in regards to historical drill results. However, the Qualified Persons believe that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.

About Amex

Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold projects in the mining-friendly jurisdiction of Quebec. Amex is focused on its 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 117 contiguous claims covering 4,518 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and elsewhere in the province.

For further information please contact:

Victor Cantore
President and Chief Executive Officer
Amex Exploration: +1-514-866-8209

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements

This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program on the HGZ and Denise Zone, the expected positive exploration results, the extension of the mineralized zones, the timing of the exploration results, the ability of the Company to continue with the exploration program, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "to earn", "to have', "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company's annual Management's Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/109603

News Provided by Newsfile via QuoteMedia

AMX:CA
The Conversation (0)
Amex Exploration Inc

Amex Exploration Inc

Overview

Amex Exploration Inc. (TSXV:AMX,FRA:MX0,OTCQX:AMXEF) is a junior resource company focused on building ounce and making high-grade gold discoveries at its 100%-owned Perron Gold property located in Canada’s premier mining jurisdictions such as Quebec and Ontario. The Perron property is located in the heart of Canada’s gold production in Quebec’s Abitibi Greenstone Belt. In addition to Perron, Amex’s portfolio includes three other properties focused on gold and base metals in the Abitibi region.

As the second-largest gold producer in Canada, Quebec consistently ranks as one of the most attractive mining jurisdictions in the world due in large part to its mining-friendly policies, ease in obtaining permits, high-quality infrastructure and extensive mineral wealth. The excellent mining infrastructure in Quebec and the Abitibi region where Amex operates helps to keep drilling costs low. The province is home to the country’s largest gold mine, the Canadian Malartic, which is one of more than 100 mines forged within the Abitibi. The belt is recognized as one of the world’s largest and most productive mineral repositories, having produced more than 180 million ounces of gold.

At Perron, Amex Exploration discovered three high-grade gold zones in 2019, now known as the Eastern Gold zone, the Gratien Gold zone, and the Grey Cat zone. The discoveries in these zones were significant in grade, with the Eastern gold zone giving up notable assays of 56.75 g/t gold over 8.5 meters, 29.44 g/t gold over 8.50 meters, 269.33 g/t gold over 1.35 meters and 393 g/t gold over 1.7 meters. These three active exploration zones remain open at depth and along strike allowing for plenty of exploration upside and opportunities to build ounces in known gold zones.

Amex Exploration is in the middle of a fully-funded 100,000-meter drill program with approximately 40,000 meters of drilling completed in 2019 and another 60,000 meters planned for 2020. While the main focus will be on defining and expanding the three main zones of known mineralization, 20,000 meters of planned drilling will be aimed at numerous regional targets that share similar geological features to the known gold zones. The current exploration program aims to provide the basis for a maiden NI 43-101 resource estimate on the project. Amex’s end goal for Perron is to build up ounces quickly in order to become a potential acquisition target.

At the helm of Amex Exploration is a team of proven mine finders and capital market professionals. Executive Chairman of the Board Dr. Jacques Trottier has more than 30 years of experience in mining exploration including time as CEO of Sulliden Exploration where he grew the Shahuindo mines in Peru into a 3 million ounce gold asset. Sulliden merged with Rio Alto, transforming Rio Alto into a mid-tier producer which later merged with Tahoe Resources. President and CEO Victor Cantore has more than 20 years of advisory and leadership experience as an investment advisor with management roles at both public and private companies. During his career, Cantore has organized and structured numerous equity and debt financings, mergers and acquisitions, joint venture partnerships and strategic alliances. Victor was instrumental in securing recent financings that enable Amex recent drilling success. Vice President Exploration Kelly Malcolm is a professional geologist with extensive precious metals exploration experience. He was recently involved in the discovery and delineation of Detour Gold’s high-grade 58N gold deposit.

Amex Exploration Company Highlights

  • Large 100-percent-owned land position in mining-friendly Quebec.
  • More than 15 kilometers of prospective faults in an underexplored section of the Abitibi greenstone belt.
  • Regional geology and drilling suggest there is an opportunity to host multiple deposits of various types, including orogenic gold and gold-rich polymetallic VMS systems on the property.
  • Current exploration program aims to provide a basis for maiden NI 43-101 resource estimate.
  • An experienced management team of proven mine finders.
  • Tight capital structure that is well-capitalized; Eric Sprott is the largest strategic shareholder with 12 percent of shares; management holds a combined 13 percent of shares.
  • One of the top-performing TSX stocks of 2019.

Get access to more exclusive Gold Investing Stock profiles here

Keep reading...Show less

High-Grade Gold Discoveries in Quebec’s Abitibi Greenstone Belt

Amex Reports Copper-Rich VMS Intercepts with Values of up to 2.86% CuEq over 6.40 m Including 4.81% CuEq over 1.60 m from QF Zone

Amex Reports Copper-Rich VMS Intercepts with Values of up to 2.86% CuEq over 6.40 m Including 4.81% CuEq over 1.60 m from QF Zone

Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) ("Amex or the Company") is pleased to announce assay results from new follow-up drillholes on the copper rich volcanogenic massive sulphide ('VMS') QF Zone. The QF Zone occurs along the Normétal Mine Horizon which is a kilometric tuffaceous unit that hosts the nearby past-producing Normétal Mine as shown in Figure 1. See Figures 2 & 3 for a plan map and longitudinal section of the drill intercepts and Figure 4 for photos of the polymetallic sulfide mineralization.

Highlights include:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Amex Exploration Announces Participation in THE Mining Investment Event of the North, Canada's First Tier I Mining Conference

Amex Exploration Announces Participation in THE Mining Investment Event of the North, Canada's First Tier I Mining Conference

Amex Exploration (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) has made multiple high grade gold discoveries in the prolific mining region of the Abitibi Greenstone Belt in Quebec. Amex, is pleased to announce that it will be participating in THE Mining Investment Event of the North, which will be held IN PERSON and will take place on June 19-21, 2022, at the Fairmont Chateau Frontenac and Voltigeurs de Quebec Armoury in Quebec City, Canada.

Kelly Malcolm will be presenting at 9:00 AM ET on June 20th. Management from Amex Exploration will also be holding one-on-one investor meetings throughout the three-day conference. Interested parties should contact Nancy Larned at nlarned@vidconferences.com to inquire about registering to attend.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Amex Reports 15.85 M of 15.52 g/t Au and 11.00 M of 11.27 g/t Au from High Grade Zone Expansion Drilling

Amex Reports 15.85 M of 15.52 g/t Au and 11.00 M of 11.27 g/t Au from High Grade Zone Expansion Drilling

Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) ("Amex or the Company") is pleased to announce assay results from a number of drill holes focused on expansion drilling of the High Grade Zone ("HGZ"), part of the Eastern Gold Zone ("EGZ"), of the Perron Project as shown in Figure 1. Today's drill results demonstrate that the HGZ is expanding along strike, outside of the main high grade central ore shoot.

Highlights include:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Amex Reports on AGM and Provides Corporate Update

Amex Reports on AGM and Provides Corporate Update

Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) ("Amex or the Company") announces that shareholders have approved of all resolutions brought before them at the Annual General Meeting of Shareholders ("AGM") held on May 10, 2022. A total of 24,177,225 shares were represented in person or by proxy at the meeting, representing approximately 23.72% of the Corporation's outstanding shares.

The following Board members stood for re-election and were duly re-elected: Victor Cantore, Pierre Carrier, Bryan Coates, Yvon Gélinas, Anik Gendron, Luisa Moreno, André Shareck, and Jacques Trottier. These directors will hold office until the next annual meeting or until their successors are elected or appointed or a director vacates office in accordance with the by-laws of the Corporation.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Amex Reports 30.90m of 11.57g/t Au from Eastern Denise Expansion Zone and 10.10m of 3.71g/t Au from the E2 Gold Zone

Amex Reports 30.90m of 11.57g/t Au from Eastern Denise Expansion Zone and 10.10m of 3.71g/t Au from the E2 Gold Zone

Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) ("Amex or the Company") is pleased to announce a total of 9 drill holes focused on near surface and on-strike expansion as well as definition drilling of the Denise Zone ("Denise"), part of the Eastern Gold Zone ("EGZ"), of the Perron Project. In addition, the Company is also pleased to report 11 drills holes from the newly discovered E2 Gold Zone ("E2"). See Figure 1 for a plan view of the geology of the EGZ. In addition, Amex would like to remind shareholders of its Annual General Meeting and corporate update which is scheduled for Tuesday, May 10, 2022 at 10:00 AM Eastern time and will be made available via webcast in consideration of current Covid 19 Government guidelines.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
High-Grade Gold Confirmed at Bronzewing South

High-Grade Gold Confirmed at Bronzewing South

Initial assays returned for visible gold zone logged in diamond drill core~40m south of the Bronzewing Mining Lease, with drilling continuing

Hammer Metals Ltd (ASX: HMX) (“Hammer” or the “Company”) is pleased to provide an update on recent exploration progress at its 100%-owned Yandal Gold Project in Western Australia. Diamond drilling continues with the first batch of assays now received for the zone of visible gold reported to the ASX on 2 September 2025. Drilling of the diamond tail to drill-hole BWSRCD081 was completed a depth of 561.7m.

The diamond drilling program has continued with two diamond tails completed at the Bronzewing Central Target, located approximately 1.7km to the south of the Eastern Target Zone. A follow-up diamond tail will commence shortly at the Eastern Target, with drilling anticipated to conclude towards the end of September. Results from this program will continue to be submitted to the laboratory in batches, with results anticipated to be received throughout September and into mid-October.

Keep reading...Show less
Gold pan holding pieces of gold from creek placer deposit, with words "5 Top Canadian Mining Stocks This Week."

Top 5 Canadian Mining Stocks This Week: Guardian Exploration Gains 94 Percent

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.

On Thursday (September 11), Canadian Prime Minister Mark Carney revealed the first tranche of projects selected by the newly created Major Projects Office. The goal of the office is to accelerate timelines for projects deemed to be in the national interest, which include infrastructure, natural resources and technology.

The projects include the Phase 2 expansion of LNG Canada’s Kitimat facility, the development of Foran Mining's (TSX:FOM,OTCQX:FMCXF) McIlvenna Bay copper-zinc mine in Saskatchewan, and an expansion of Newmont (TSX:NGT,NYSE:NEM,ASX:NEM) and Imperial Metals' (TSX:III) Red Chris copper-gold mine in Northern BC.

Keep reading...Show less
Gold bars with rising graph overlay and text "Weekly Editor's Picks."

Editor's Picks: Gold Knocks Out Inflation-Adjusted High, Silver Breaks US$42

Gold's record-setting price run continued this week, with yet another new all-time high in the books. Silver also fared well, breaking US$42 per ounce.

According to Bloomberg, gold has now also surpassed its inflation-adjusted all-time high of US$850 per ounce, which it set more than 45 years ago on January 21, 1980. The news outlet notes that at the time the US was dealing with currency issues, inflation and recession concerns.

These are problems that sound all too familiar today. This week brought the release of the latest US consumer price index (CPI) data, which shows a 0.4 percent month-on-month increase for the all-items index — that's ahead of estimates and the most since the start of 2025.

Keep reading...Show less
Hamak Gold

Admission to Trading on the OTCQB Market

Hamak Gold Limited (LSE: HAMA / OTCQB: HASTF), a company combining traditional gold exploration in West Africa with a Digital Asset Treasury Management strategy, is pleased to announce that the Company's shares have been admitted to trading on the OTC Venture Market ("OTCQB") in the United States, under the symbol "HASTF". No new Ordinary Shares have been issued by the Company for this parallel trading of its shares.

The purpose of the listing of shares on the OTCQB is to broaden the Company's exposure to the North American investor markets and to increase trading liquidity in a drive to deliver shareholder value.

Keep reading...Show less
Stock market display with "mergers and acquisitions" in green and white text.

Barrick’s Plan to Sell Hemlo Mine for US$1.09 Billion Marks Canadian Exit

Barrick Mining (TSX:ABX,NYSE:B) has agreed to sell its Hemlo gold mine in Ontario, Canada, for up to US$1.09 billion, continuing the company's shift away from non-core assets.

The company announced on Thursday (September 11) that Carcetti Capital (TSXV:CART.H), which will be renamed Hemlo Mining, will acquire the mine under terms that include US$875 million in cash, US$50 million in Hemlo Mining shares and as much as US$165 million in contingent payments tied to future gold prices and production.

Barrick President and Chief Executive Mark Bristow said the sale is part of the company’s ongoing capital allocation approach, noting that proceeds will help bolster the firm's balance sheet and fund returns to shareholders.

Keep reading...Show less
Gold nuggets beside text: "5 Top Australian Mining Stocks This Week."

Top 5 Australian Mining Stocks This Week: Zenith Minerals Strikes Gold at Red Mountain

Welcome to the Investing News Network's weekly round-up of the top-performing mining stocks listed on the ASX, starting with news in Australia's resource sector.

Companies focused on a mix of minerals and resources once again form this week’s top stocks list, including ones searching for gold, rutile, graphite, lithium and oil.

Significant news, including broad mineralisation discoveries and new acquisitions, drove the top performers this week, which you can learn more about in the list below.

Looking at the bigger picture, Australian lithium stocks took a hit this week following the announcement of Chinese battery giant Contemporary Amperex Technology's (SZSE:300750,HKEX:3750) reported production restart at its Jianxiawo lithium mine in Yichun. Lithium prices and mining companies had previously been lifted in mid-August after the mine was suspended.

Keep reading...Show less

Latest Press Releases

Related News

×