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Overview of Amex Exploration Inc. (AMXEF)
Amex Exploration Inc. is a dynamic, junior mining exploration company dedicated to uncovering high-grade gold mineralization and copper-rich volcanogenic massive sulfide (VMS) deposits in the prolific mining regions of Quebec, Canada. With its flagship Perron Project located in the northwestern Abitibi region, the company leverages a robust and technical approach to geological exploration that has led to the identification of multiple mineralized zones.
Core Business and Operations
At its core, Amex Exploration focuses on the discovery and delineation of significant gold and base metal mineralization within a highly prospective belt in Quebec. The company operates on a comprehensive exploration model that includes advanced drilling programs, mineral sampling, and detailed geological assessments. Its operations are designed to explore both bulk tonnage deposits and high-grade gold styles, evidencing a sophisticated approach that integrates modern geoscience techniques and rigorous quality assurance protocols.
The Perron Project
The Perron Project is a cornerstone asset for the company, comprising extensive contiguous claims that offer access to a variety of geological units. This project is characterized by multiple mineralized zones such as the High-Grade Zone, Denise Zone, Gratien Zone, Team Zone, JT Zone, and Central Polymetallic Zone. Each zone demonstrates distinct lithological and structural attributes, contributing to a diversified exploration portfolio. The presence of both near-surface mineralization and deeper targets reflects the project’s dual potential for high-grade discoveries and broader bulk tonnage resources.
Exploration Strategy and Methodologies
Amex Exploration distinguishes itself through a methodical and technical exploration strategy. The company employs a strategic drilling approach, detailed geological mapping, and 3D structural modeling to unlock the mineral potential of its projects. Emphasis is placed on quality control during sampling and assay processing, ensuring that results meet rigorous industry standards. Contemporary techniques, including the use of new machine learning models and AI for target generation, further underline Amex’s innovative edge in the competitive junior mining sector.
Industry Position and Competitive Advantages
Operating within a globally competitive mineral exploration landscape, Amex Exploration’s value proposition is centered on its technical expertise and strong geological fundamentals. The company’s disciplined approach to exploration, supported by robust QAQC protocols and experienced technical teams, provides investors with confidence in its operational integrity. While the exploration stage inherently involves evolving challenges, Amex remains committed to refining its geological models and continuously updating its understanding of the subsurface mineralization.
Quality Assurance and Technical Rigor
Quality control is a key pillar at Amex Exploration. The company employs industry-standard QAQC measures, including regular insertion of blanks, standards, and duplicates throughout sample processing. This rigorous methodology helps safeguard the accuracy of assay results and ensures that the geological data are reliable and precise. Such technical diligence not only reinforces the company’s reputation for expertise but also underscores its commitment to transparent and robust exploration practices.
Expertise and Market Significance
Amex Exploration is recognized for its deep understanding of geological complexities and its expert use of advanced exploration techniques. The company’s operations are informed by seasoned industry professionals who drive the discovery process with a balanced combination of theoretical knowledge and practical experience. By focusing on the integration of multiple mineralized zones and utilizing strategic drilling to expand known targets, Amex is well-positioned to contribute meaningfully to the body of knowledge in the mining exploration sector.
Conclusion
The story of Amex Exploration Inc. is one of technical expertise, disciplined exploration, and continuous geological discovery. The company’s work on its flagship Perron Project and its systematic approach to target generation and mineral delineation position it as a noteworthy player in both the gold and base metal exploration sectors. For those seeking an in-depth understanding of early-stage mining exploration, Amex offers a compelling case study in applying advanced technology and rigorous methodology to unlock the mineral potential of some of Canada’s most promising territories.
Amex Exploration (TSXV: AMX, OTCQX: AMXEF) has successfully completed the acquisition of the Perron West Project, expanding its mining portfolio with 100% undivided interest in strategic properties across Quebec and Ontario. The acquisition encompasses:
- 48 contiguous claims totaling 1,737 hectares adjacent to the Company's existing Perron project in Quebec's Abitibi-Témiscamingue region
- 35 mining claims (33 multi-cell and 2 single-cell) covering 13,455 hectares in Ontario's Abbotsford, Adair and Hepburn Townships
The total acquired area spans 15,192 hectares. The transaction was executed through a definitive asset purchase agreement with an arm's length vendor, following the previous announcement made on March 25, 2025.
Amex Exploration (AMXEF) has announced significant drill results from its Perron Project in northwestern Abitibi, Quebec, expanding the Central Polymetallic Zone (CPZ) mineralized footprint by approximately 130m westward near surface. The key highlight comes from drill hole PEG-25-854, which intercepted 39.06 g/t Au, 331.92 g/t Ag, 1.14% Cu, 3.38% Zn, and 2.35% Pb over 1.30m at a vertical depth of ~105m.
The CPZ is characterized as a discordant linear volcanogenic hydrothermal feeder with gold-bearing quartz-sulfide veins. Recent drilling has successfully extended the zone both up and down plunge since the June 30, 2024 Mineral Resource Estimate. The geology team has identified potential for CPZ extension at depth, with a possible correlation to the Donna Copper Zone, following a pattern similar to other regional VMS orebodies that show zinc enrichment near surface and copper enrichment at depth.
Amex Exploration (AMXEF) has announced a significant land acquisition through a definitive asset purchase agreement, expanding its Perron Project from 4,560 to 19,752 hectares. The newly acquired Perron West Project adds 15,192 hectares across Quebec and Ontario provinces.
The acquisition includes 48 contiguous claims in Quebec (1,737 hectares) and 35 mining claims in Ontario (13,455 hectares). The property features seven gold and five copper showings, with recent soil sampling yielding promising results including 1.75 g/t Au. The expansion gives Amex control over 35 km of the Normétal Fault and 9 km of the Perron Fault.
The purchase terms include: $150,000 cash payment, issuance of 1.5 million company shares (with 36-month staged release), a 1.5% gross overriding royalty, and milestone payments of $1 million each upon reaching specific resource and economic study targets. The transaction awaits TSX Venture Exchange approval.
Amex Exploration (AMXEF) has announced its fully funded 2025 exploration drill program for the Perron Project in Quebec. The program has two main components:
1. A Regional Program focused on exploring new, untested targets across multiple areas to discover new High Grade Zone structures in the Beaupré Block and other locations.
2. An Expansion Program aimed at growing resources in areas identified in the recent Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA), particularly through step-out drilling.
The regional program will focus on three main areas: the untested Patten Pluton and its contacts, northwestern areas of the Beaupré Block, and the Normétal South Block. The expansion program targets additional near-surface ounces at multiple zones including Gratien, Grey Cat, and Denise, while also conducting some drilling at the High Grade Zone to upgrade resource confidence.
Amex Exploration has announced significant drilling results expanding multiple gold zones at its Perron Project in northwestern Abitibi, Quebec. Key high-grade gold intersections include:
- Denise Zone: 35.82 g/t Au over 1.20m (including 60.82 g/t Au over 0.70m)
- Upper High Grade Zone: 69.03 g/t Au over 0.50m
- E2 Zone: 5.75 g/t Au over 2.40m and 6.02 g/t Au over 3.00m
- Grey Cat Zone: 49.75 g/t Au over 0.60m
- Gratien Zone: 5.71 g/t Au over 3.80m and 7.44 g/t Au over 2.00m
- JT Zone: 0.61 g/t Au over 162.00m and 0.72 g/t Au over 123.00m
The drilling program was optimized following the recent Preliminary Economic Assessment (PEA) to add economically viable ounces to existing zones. The company also reported its first discovery of visible gold mineralization outside the Beaupré Block in the basalts, demonstrating potential for gold mineralization across the entire Perron property.
Amex Exploration (TSXV: AMX, OTCQX: AMXEF) has filed the NI 43-101 compliant Preliminary Economic Assessment (PEA) technical report for its 100% owned Perron gold project in Quebec, Canada. The report, with an effective date of September 5, 2024, follows the previously announced results from November 13, 2024. The technical report was prepared by a team of qualified professionals from various consulting firms including GoldMinds Geoservices, Laurentia Exploration, Evomine Consulting, Bumigeme, and Groupe Alphard. The complete report titled 'NI 43-101 Technical Report, Preliminary Economic Assessment, Perron Project, Quebec, Canada' is available on the company's website and SEDAR+.
CEO.CA, a leading investor social network for venture stocks and subsidiary of EarthLabs, Inc., has released its latest 'Inside the Boardroom' interviews featuring executives from junior mining companies. The episode features discussions with Victor Cantore of Amex Exploration and Gareth and Eira Thomas of Westhaven Gold, focusing on PEA updates and company catalysts. CEO.CA, established in 2012, serves millions of visitors annually as one of Canada's most popular financial websites, offering a platform for investors to connect and share knowledge about stocks, commodities, and emerging companies.
Amex Exploration announces positive PEA results for its wholly-owned Perron gold project in Quebec. The project demonstrates strong economics with a pre-tax IRR of 59.5% and NPV of C$948 million at US$2,000/oz gold. The mine plan envisions a 10-year operation producing an average of 101,000 oz Au annually, with higher production of 124,000 oz Au in the first 5 years. Initial capital expenditure is estimated at C$229 million with all-in sustaining costs of US$807/oz Au. The project will utilize underground mining supplemented by open pit operations, processing 1,750 tonnes per day with a 95% gold recovery rate. Environmental impact is minimized by using mined-out pits for tailings storage.
Amex Exploration (AMXEF) announced expansion of its Central Polymetallic Zone (CPZ) with high-grade drill results, including 134.36 g/t Au over 1.8 m at ~435m depth. The new intercept could extend CPZ by 100m beyond its current area. Additional drilling at High Grade and Team Zones intercepted mineralization outside the Perron Project's disclosed resource, with notable results including 5.06 g/t Au over 9.60 m at the High Grade Zone and 62.50 g/t Au over 0.60 m at the Team Zone. The company also expanded the JT Zone to approximately 450m of strike with 60m thickness. The zone remains open to the east at depth.
Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) has successfully closed a non-brokered private placement, raising C$6,594,100 through the issuance of 5,734,000 units at C$1.15 per unit. Each unit consists of one common share and half a warrant, exercisable at C$1.40 for 24 months. The offering was conducted under the Listed Issuer Financing Exemption, with no hold period on the units. Proceeds will fund the company's Preliminary Economic Study on its Perron Gold Project and working capital.
Additionally, Amex has filed a NI 43-101 Mineral Resource Estimate technical report for the Perron gold project, effective September 05, 2024. The report, prepared by GoldMinds Geoservices Inc. and Laurentia Exploration Inc., is available on the company's website and SEDAR+.
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