Gold

Highlights include:

  • Western (shallow) High Grade Zone
    • PE-21-366W1 returned 78.62 g/t Au over 5.90 m including 908.50 g/t Au over 0.50 m at a vertical depth of 630 m
    • PE-21-405 returned 43.74 g/t Au over 6.80 m including 583.34 g/t Au over 0.50 m at a vertical depth of 300 m
    • PE-21-410W1 returned 21.86 g/t Au over 5.56 m including 107.94 g/t Au over 1.05 m at a vertical depth of 630 m
    • PE-21-438 returned 123.53 g/t Au over 0.50 m at a vertical depth of 500 m
    • PE-21-452 returned 5.65 g/t Au over 9.95 m at a vertical depth of 360 m
  • Eastern (deeper) High Grade Zone
    • PE-21-404W2 returned 35.89 g/t Au over 6.75 m at a vertical depth of 940 m
    • PE-21-440W1 returned 16.66 g/t Au over 9.10 m including 160.04 g/t Au over 0.50 m and 96.79 g/t Au over 0.70 m at a vertical depth of 510 m
    • PE-21-404W1 returned 13.54 g/t Au over 10.50 m at a vertical depth of 980 m
    • PE-21-380 returned 16.18 g/t Au over 6.80 m including 134.92 g/t Au over 0.70 m at a vertical depth of 460 m
    • PE-21-412 returned 14.85 g/t Au over 5.00 m at a vertical depth of 330 m
    • PE-21-436 returned 29.80 g/t Au over 2.05 m at a vertical depth of 600 m

Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) ("Amex or the Company") is pleased to announce a total of 34 drill holes focused on the expansion and definition of gold mineralization on High Grade Zone ("HGZ") of the Perron project ("Perron" or the "Project"). See Figure 1 for a plan view of the geology of the eastern portion of Perron and currently known mineralized zones including the HGZ. A complete list of results is available in Tables 1 & 2 and presented in Figures 2, 3, & 4.

Today's results consist of drill holes focused largely on expansion and definition of both the Eastern (deeper) and Western (shallower) portions of the HGZ. The HGZ now stands at more than 300 m along strike to a depth of 1,200 m. On the Western portion, as shown in Figures 2 & 3, Amex targeted on-strike expansion as well as infilling the lower portions of the zone, which resulted in a significantly increased strike length as indicated by holes PE-21-439 and PE-21-441 as well as an increase of grade as indicated by holes PE-21-405, PE-21-444, PE-21-438, PE-21-366W1, and PE-21-410W1. On the Eastern portion, as shown in Figures 2 & 4, Amex completed definition drilling within the core of the zone as well as on-strike expansion towards the late-stage diabase dike as indicated by holes PE-21-412, PE-21-419, PE-21-426, PE-21-380, PE-21-380W1, PE-21-442, and PE-21-417W2.

Jacques Trottier, PhD, Executive Chairman of Amex Exploration commented, "As one can clearly see from the new longitudinal section, this batch of drill holes significantly expands the strike and the high grade core of the HGZ with a metal factor of more than 50 (g/t Au x core length in metres). As we tighten the drill spacing, we see the Western (shallower) zone developing a much higher grade profile than previously thought. We are also seeing a much larger envelope of gold mineralization surrounding the high-grade central core of the zone than previously thought. On the Eastern (deeper) portion of the zone, we are seeing consistent high-grade mineralization essentially from the top of the Eastern portion (~325 vertical metres) to the bottom of the defined area (~1,200 vertical metres) and are also expanding the horizontal footprint of the zone."

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Figure 1: Plan view of the geology of the eastern portion of the Perron Project and known mineralized zones, including the HGZ, Denise, E2, Donna, E3, Upper HGZ, 210, and the QF VMS.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2667/113052_fb45087534cf1ad3_002full.jpg

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Figure 2: Longitudinal Section of the HGZ Zone, with today's released hole locations in green.

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/2667/113052_fb45087534cf1ad3_003full.jpg

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Figure 3: Western Upper HGZ Longitudinal Section, with today's released hole locations in green.

To view an enhanced version of Figure 3, please visit:
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Figure 4: Eastern Lower Portion HGZ Longitudinal Section, with today's released hole locations in green.

To view an enhanced version of Figure 4, please visit:
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ZoneHole IDFrom (m)To (m)Length (m)Au (g/t)Vertical
Depth
(m)
Gold
Metal
Factor
(g/t*m)
Western HGZPE-21-366W1702.70708.605.9078.62630.00463.85
Including702.70703.200.50908.50454.25
PE-21-405324.00330.806.8043.74300.00297.40
Including325.00325.500.50583.34291.67
PE-21-410W1704.35710.005.6521.86630.00123.49
Including704.35705.401.05107.94113.34
PE-21-438536.80537.300.50123.53500.0061.77
PE-21-452391.90401.859.955.65360.0056.21
Including399.60401.852.2519.3543.55
PE-21-444467.80482.0014.203.51455.0049.88
Including479.80482.002.2017.6838.90
PE-21-450435.15441.105.956.77395.0040.27
Including435.15435.900.7533.4425.08
And440.50441.100.6021.8313.10
PE-21-424392.50400.808.302.60360.0021.55
PE-21-441126.50152.2025.700.58135.0014.83
PE-21-439150.50152.001.509.50135.0014.26
PE-21-445477.30481.003.703.66440.0013.55
Including478.60479.100.5015.717.86
PE-21-29665.9075.009.100.7355.006.65
PE-21-396796.90804.407.500.77720.005.78
PE-21-291116.90120.003.101.71100.005.30
PE-21-401233.65240.006.350.70210.004.43

 

Table 1: Results from the Western (shallower) portion of the HGZ. *Note that drill results are presented uncapped and lengths represent core lengths. True width is estimated to be between 50 and 80 percent of core widths.

ZoneHole IDFrom (m)To (m)Length (m)Au (g/t)Vertical Depth (m)Gold
Metal
Factor
(g/t*m)
Eastern HGZPE-21-404W21043.001049.756.7535.89940.00242.28
Including1044.451045.000.5590.7049.88
And1048.101049.251.15163.29187.78
PE-21-440W1553.40562.509.1016.66510.00151.59
Including553.40553.900.50160.0480.02
And561.80562.500.7096.7967.75
PE-21-404W11075.501086.0010.5013.54980.00142.14
Including1075.501076.501.0052.9552.95
And1081.401083.502.1040.4885.01
PE-21-380522.00528.806.8016.18460.00110.02
Including522.00522.700.70134.9294.44
And528.00528.800.8017.7514.20
PE-21-412415.00420.005.0014.85330.0074.23
Including418.75419.500.7589.6267.22
PE-21-436651.00653.052.0529.80600.0061.09
PE-21-417W2808.65815.056.405.77710.0036.90
Including814.55815.050.5047.9723.99
PE-21-4341156.91163.16.204.871070.0030.21
PE-21-434W111461153.457.452.831060.0021.10
Including1147.511480.5032.2416.12
PE-21-442682.90697.5014.601.46630.0021.29
PE-21-426475.10483.007.902.31405.0018.26
Including482.00483.001.0014.5414.54
PE-21-440528.25531.052.805.43480.0015.21
Including695.20697.502.304.8611.18
PE-21-380W1504.00506.102.106.51435.0013.68
PE-21-419415.00419.954.952.06330.0010.21
PE-21-400W1433.70435.501.804.48360.008.06
Including434.80435.500.7011.047.73
PE-21-417W1794.30803.208.900.88700.007.81
PE-21-318W21190.501195.505.000.851100.004.24
PE-21-318W11194.951197.702.750.961100.002.64
PE-21-426W1457.45458.951.500.63380.000.95

 

Table 2: Results from the Eastern (deeper) portion of the HGZ. *Note that drill results are presented uncapped and lengths represent core lengths. True width is estimated to be between 50 and 80 percent of core widths.

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. Core logging and sampling were completed by Laurentia Exploration. Copper and other elements were analyzed using the four-acid ICP-AES method by Laboratoire Expert. 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.

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AMX:CA
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.

Amex Exploration’s Perron Project, Quebec

The Perron gold property is located approximately 110 kilometers north of the town of Rouyn-Noranda in the Abitibi region of northwestern Quebec. The 4,517-hectare property is fully road accessible all year round and is fully serviced by power and water.

amex exploration abitibi greenstone belt
Abitibi Greenstone Belt

Perron hosts 15 kilometers of faults to explore including the Perron and the Normetal fault. The regional northwest-southeast trending Normetal fault delineates a major structural corridor associated with massive sulfide deposits. This fault has given rise to notable ore bodies such as the nearby past-producing Normetal copperzinc-gold-silver mine and the Normetmar zinc deposit as well as a few gold-bearing vein showings.

Perron was originally explored for base metals in the mid-1990s. Since acquiring the property in 1996, Amex has conducted a series of successful exploration programs aimed at the Beaupre Block, a highly prospective wedge that is known to host gold at the Perron property. Over the years this exploration work has led to several gold and base metal discoveries, including three high-grade gold zones: Eastern Gold, Gratien Gold and Grey Cat. The underexplored property also hosts several compelling regional drill targets.

amex exploration perron property geology
Perron Property Geology

The Beaupre Block hosts a 3.2-kilometer-long corridor of known gold mineralization from the Eastern Gold zone to the Gratien Gold zone.

amex exploration beaupre block
3.2 KM Defined Gold Corridor on Beaupre Block
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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

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Register for the Zoom broadcast here: https://us06web.zoom.us/meeting/register/tZ0qdOCorjkoGNcQmBM-YC2Nnwcry-3SWQdN

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Speaking just ahead of the central bank's meeting, Adrian Day, president of Adrian Day Asset Management, said usually the Fed starts out hawkish and then backs off. But this time around the opposite is happening.

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Dr. Georg Josef Pollert Announces an Increase in His Ownership of the Common Shares of Blue Star Gold Corp.

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B2Gold Announces Voting Results from its 2022 Annual General and Special Meeting

B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) ("B2Gold" or the "Company") is pleased to announce the voting results from its Annual General and Special Meeting of Shareholders (the "Meeting") held on Wednesday, June 22, 2022 . A total of 812,572,340 common shares were voted at the Meeting, representing 76.59% of the votes attached to all outstanding common shares.

B2Gold logo (CNW Group/B2Gold Corp.)

Shareholders voted overwhelmingly in favour of all items of business before the Meeting. The nine director nominees listed in B2Gold's Management Information Circular ("the "Circular") dated May 11, 2022, were elected as directors of B2Gold to hold office for the ensuing year or until their successors are elected or appointed. Detailed results of the vote for each director are set out below:

Name

Total Votes
in Favour

Total Votes
Withheld

Outcome of
Vote

Clive Johnson

736,151,813

96.09 %

29,915,129

3.91 %

Approved

Robert Cross

709,667,695

92.64 %

56,399,248

7.36 %

Approved

Robert Gayton

700,910,563

91.49 %

65,156,380

8.51 %

Approved

Jerry Korpan

719,751,227

93.95 %

46,315,715

6.05 %

Approved

Bongani Mtshisi

762,480,309

99.53 %

3,586,634

0.47 %

Approved

Kevin Bullock

763,103,938

99.61 %

2,963,005

0.39 %

Approved

George Johnson

763,543,292

99.67 %

2,523,650

0.33 %

Approved

Robin Weisman

692,770,896

90.43 %

73,296,046

9.57 %

Approved

Liane Kelly

723,856,744

94.49 %

42,210,199

5.51 %

Approved

The resolutions to set the number of directors of the Company at nine and to appoint PricewaterhouseCoopers LLP as auditor of the Company were approved with 99.65% and 99.47%, respectively, of votes cast in favour.

The resolution regarding the Advisory Vote on Company's approach to Executive Compensation was approved with 80.36% of votes cast in favour.

A report on all items of business voted on at the Meeting will be filed on SEDAR at www.sedar.com .

Webcast/Dial-in Playback Details

A playback of the Meeting will be available until Wednesday, July 6, 2022 , on B2Gold's events page or by dialing +1 416-764-8677 (local – Toronto) or +1 888-390-0541 (toll free – North America) (passcode 420261#).

About B2Gold Corp.

B2Gold is a low-cost international senior gold producer headquartered in Vancouver, Canada . Founded in 2007, today, B2Gold has operating gold mines in Mali , Namibia and the Philippines and numerous exploration and development projects in various countries including Mali , Colombia , Finland and Uzbekistan .

On Behalf of B2GOLD CORP.
"Clive T. Johnson"
President & Chief Executive Officer

For more information on B2Gold, please visit the Company's website at www.b2gold.com or contact:

Randall Chatwin
SVP, Legal & Corporate Communications

+1 604-681-8371

rchatwin @ b2gold.com

Cherry DeGeer
Director, Corporate Communications
+1 604-681-8371
cdegeer@b2gold.com

The Toronto Stock Exchange and NYSE American LLC neither approve nor disapprove the information contained in this news release.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/b2gold-announces-voting-results-from-its-2022-annual-general-and-special-meeting-301573625.html

SOURCE B2Gold Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2022/22/c4774.html

News Provided by Canada Newswire via QuoteMedia

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