Amex Expands Central Polymetallic Zone - Drills 39.06 g/t Au, 331.92 g/t Ag, 1.14% Cu, 3.38% Zn, and 2.35% Pb over 1.30 m
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) ha annunciato risultati significativi da perforazione del suo Progetto Perron nel nord-ovest dell'Abitibi, Quebec, espandendo l'area mineralizzata della Zona Polimetallica Centrale (CPZ) di circa 130m verso ovest vicino alla superficie. Il punto saliente proviene dal foro di perforazione PEG-25-854, che ha intercettato 39,06 g/t Au, 331,92 g/t Ag, 1,14% Cu, 3,38% Zn e 2,35% Pb su 1,30m a una profondità verticale di ~105m.
La CPZ è caratterizzata come un alimentatore idrotermale vulcanogenico discordante lineare con vene di quarzo-solfuri contenenti oro. Le recenti perforazioni hanno esteso con successo la zona sia in alto che in basso dal Giugno 30, 2024, Stima delle Risorse Minerali. Il team geologico ha identificato il potenziale per l'estensione della CPZ in profondità, con una possibile correlazione con la Zona di Rame Donna, seguendo un modello simile ad altri corpi minerari VMS regionali che mostrano arricchimento di zinco vicino alla superficie e arricchimento di rame in profondità.
Amex Exploration (AMXEF) ha anunciado resultados de perforación significativos de su Proyecto Perron en el noroeste de Abitibi, Quebec, ampliando la huella mineralizada de la Zona Polimetálica Central (CPZ) en aproximadamente 130m hacia el oeste cerca de la superficie. El punto destacado proviene del pozo de perforación PEG-25-854, que interceptó 39.06 g/t Au, 331.92 g/t Ag, 1.14% Cu, 3.38% Zn y 2.35% Pb sobre 1.30m a una profundidad vertical de ~105m.
La CPZ se caracteriza como un alimentador hidrotermal volcanogénico discordante lineal con vetas de cuarzo-sulfuro que contienen oro. La perforación reciente ha extendido con éxito la zona tanto hacia arriba como hacia abajo desde la Estimación de Recursos Minerales del 30 de junio de 2024. El equipo geológico ha identificado un potencial para la extensión de la CPZ en profundidad, con una posible correlación con la Zona de Cobre Donna, siguiendo un patrón similar a otros cuerpos de mineral VMS regionales que muestran enriquecimiento de zinc cerca de la superficie y enriquecimiento de cobre en profundidad.
Amex Exploration (AMXEF)는 퀘벡 아비티비 북서부의 페론 프로젝트에서 중요한 시추 결과를 발표하며, 중앙 다금속 구역(CPZ)의 광물화 면적을 약 130m 서쪽으로 확장했습니다. 주요 하이라이트는 PEG-25-854 시추공에서 나온 것으로, 수직 깊이 약 105m에서 39.06 g/t Au, 331.92 g/t Ag, 1.14% Cu, 3.38% Zn 및 2.35% Pb를 1.30m 구간에서 기록했습니다.
CPZ는 금을 포함한 석영-황화물 정맥이 있는 불일치 선형 화산성 열수 공급원으로 특징지어집니다. 최근의 시추 작업은 2024년 6월 30일의 광물 자원 추정 이후로 구역을 위 아래로 성공적으로 확장했습니다. 지질학 팀은 깊이에서 CPZ의 확장 가능성을 확인했으며, 이는 표면 근처의 아연 농축과 깊이의 구리 농축을 보여주는 다른 지역 VMS 광체와 유사한 패턴을 따르며 도나 구리 구역과의 가능한 상관관계를 나타냅니다.
Amex Exploration (AMXEF) a annoncé des résultats de forage significatifs de son projet Perron dans le nord-ouest de l'Abitibi, au Québec, étendant la surface minéralisée de la Zone Polymétallique Centrale (CPZ) d'environ 130m vers l'ouest près de la surface. Le point fort provient du trou de forage PEG-25-854, qui a intercepté 39,06 g/t Au, 331,92 g/t Ag, 1,14% Cu, 3,38% Zn et 2,35% Pb sur 1,30m à une profondeur verticale d'environ 105m.
La CPZ est caractérisée comme un alimentateur hydrothermal volcanogène discordant linéaire avec des veines de quartz-sulfure contenant de l'or. Les forages récents ont réussi à étendre la zone à la fois en haut et en bas depuis l'estimation des ressources minérales du 30 juin 2024. L'équipe géologique a identifié un potentiel d'extension de la CPZ en profondeur, avec une possible corrélation avec la zone de cuivre Donna, suivant un modèle similaire à d'autres gisements de VMS régionaux qui montrent un enrichissement en zinc près de la surface et un enrichissement en cuivre en profondeur.
Amex Exploration (AMXEF) hat bedeutende Bohrergebnisse aus seinem Perron-Projekt im nordwestlichen Abitibi, Quebec, bekannt gegeben und die mineralisierte Fläche der Zentralen Polymetallzone (CPZ) um etwa 130m nach Westen in der Nähe der Oberfläche erweitert. Das Hauptaugenmerk liegt auf dem Bohrloch PEG-25-854, das 39,06 g/t Au, 331,92 g/t Ag, 1,14% Cu, 3,38% Zn und 2,35% Pb über 1,30m in einer vertikalen Tiefe von ~105m interceptiert hat.
Die CPZ wird als discordante lineare vulkanogene hydrothermale Zuführung mit goldhaltigen Quarz-Sulfid-Venen charakterisiert. Die jüngsten Bohrungen haben die Zone sowohl nach oben als auch nach unten seit der Mineralressourcenschätzung vom 30. Juni 2024 erfolgreich erweitert. Das Geologenteam hat das Potenzial für eine CPZ-Erweiterung in der Tiefe identifiziert, mit einer möglichen Korrelation zur Donna-Kupferzone, die einem Muster ähnelt, das bei anderen regionalen VMS-Erzlagern zu beobachten ist, die eine Zinkanreicherung in der Nähe der Oberfläche und eine Kupferanreicherung in der Tiefe zeigen.
- High-grade polymetallic intercept: 39.06 g/t Au, 331.92 g/t Ag, 1.14% Cu, 3.38% Zn, and 2.35% Pb over 1.30m
- Successful expansion of mineralized footprint by 130m westward
- Extension of the zone both up and down plunge since the June 2024 resource estimate
- Potential for further resource growth with identified extension possibilities at depth
- None.
Montreal, Quebec--(Newsfile Corp. - April 8, 2025) - Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) ("Amex" or "the Company") is pleased to announce results from its ongoing drill program at the Perron Project, located in northwestern Abitibi, Quebec (see Figure 1). Today's results from PEG-25-854 have expanded the mineralized footprint of the Central Polymetallic Zone (CPZ) to the west near surface by approximately 130 m (see Figures 2-3).
CPZ Drill Results:
- 39.06 g/t Au, 331.92 g/t Ag,
1.14% Cu,3.38% Zn and2.35% Pb over 1.30 m, including 48.27 g/t Au, 468.00 g/t Ag,1.72% Cu,4.48% Zn and3.21% Pb over 0.80 m at a vertical depth of ~105 m - hole PEG-25-854
Jacques Trottier, PhD, Executive Chairman of Amex Exploration commented, "The Central Polymetallic Zone had not been drilled since the discovery of the High Grade Zone in late 2018, until last year's intercept of 134.36 g/t Au over 1.80 m (see November 6, 2024 Press Release), which extended the zone at depth down plunge. Today's results have extended the zone up plunge, westwards and towards surface and indicates that there is much more room for growth. As can be seen in Figure 4; by observing the gold to silver ratio, we can highlight zones of polymetallic mineralization. Our geology team has identified the potential for the extension of the CPZ to continue at depth, where there is a possible correlation with the Donna Copper Zone, found just north of the High Grade Zone. This model would match with other Volcanogenic Massive Sulfide (VMS) orebodies in the region such as the historical Normétal Mine, which was zinc-rich close to surface and more copper-rich at depth."
Central Polymetallic Zone
The CPZ is interpreted as a discordant linear volcanogenic hydrothermal feeder crosscut by gold bearing quartz-sulfide veins. The quartz-sulfide veins observed in PEG-25-854 (see Figure 5) are interpreted as syn-tectonic. The gold-rich veins are mineralized in chalcopyrite, sphalerite, pyrite, pyrrhotite, and galena. Silver values being almost ten times higher than gold is very typical of the CPZ. Higher gold grades are related to higher sulphide contents and are correlative either with zinc or copper values.
Since closing of the database on June 30, 2024 for the Mineral Resource Estimate and the Preliminary Economic Assessment, subsequent drilling has successfully intercepted both the up and down plunge extensions of the CPZ zone. PEG-25-854 has unlocked CPZ mineralization close to surface towards the west, while PE-24-801 found the potential downwards extension of the zone to the east (see November 6, 2024 Press Release).
Figure 1: Geological map of the Perron Project, showing each of the significant mineralized zones identified to date.
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Figure 2: Geological map of the Central Polymetallic Zone, showing its proximity to the Gratien and Grey Cat Gold Zones. Gold mineralization greater than 0.50 g/t Au is displayed.
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Figure 3: Image displaying important recent drill results from PEG-25-854 and PE-24-801 that have successfully demonstrated the up and down plunge extensions of the CPZ. The 2024 resource model for the CPZ is displayed in yellow and was completed before the drilling of these holes.
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Figure 4: Long section (looking to the north) displaying the gold to silver ratio of all assays at Perron that had a gold result of 0.5 g/t Au or higher. Higher silver values highlight zones that are more volcanogenic in nature. The potential for the gold-rich CPZ to continue at depth down plunge to the east is displayed.
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Figure 5: Photos of the drill core from drill hole PEG-25-854 from the Central Polymetallic Zone. Gold bearing veins are polymetallic in nature, being rich in zinc (sphalerite) and copper (chalcopyrite).
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Table 1: Precious and base metal assay results from the Central Polymetallic Zone at Perron.
| Hole ID | From (m) | To (m) | Core Length (m) | Au (g/t) | Ag (g/t) | Cu (%) | Zn (%) | Pb (%) | Vertical Depth (m) | Metal Factor* (g/t Au*m) | Zone | |
| PEG-25-854 | 124.50 | 127.50 | 3.00 | 0.57 | 2.25 | - | - | - | ~85 | 1.70 | Central Polymetallic Zone | |
| And | 130.50 | 132.00 | 1.50 | 0.51 | 1.30 | - | - | - | ~90 | 0.77 | ||
| And | 135.00 | 137.70 | 2.70 | 0.57 | 5.02 | - | - | - | ~95 | 1.53 | ||
| And | 148.80 | 150.10 | 1.30 | 39.06 | 331.92 | 1.14 | 3.38 | 2.35 | ~105 | 50.77 | ||
| Including | 148.80 | 149.30 | 0.50 | 24.31 | 95.00 | 0.22 | 1.62 | 0.98 | 12.16 | |||
| Including | 149.30 | 150.10 | 0.80 | 48.27 | 480.00 | 1.72 | 4.48 | 3.21 | 38.62 | |||
| And | 189.00 | 190.50 | 1.50 | 0.56 | 1.60 | - | - | - | ~135 | 0.84 | ||
*Metal factor is defined as gold grade multiplied by core length (g/t Au*m). Ag, Cu, Zn and Pb have not been included in the metal factor.
Table 2: Drillhole coordinates for today's results.
| Hole ID | Azimut (°) | Dip (°) | From (m) | To (m) | Length (m) | Easting (m) | Northing (m) | Elevation (m) |
| PEG-25-854 | 175 | -50 | 0 | 252 | 252 | 613541 | 5430904 | 330 |
Qualified Person and QA&QC
Jérôme Augustin P.Geo. Ph.D., (OGQ 2134), an Independent Qualified Person as defined by Canadian NI 43-101 standards, has 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 Jérôme Augustin. Core logging and sampling were completed by Laurentia Exploration.
The quality assurance and quality control protocols include insertion of blank or standard samples every 10 samples on average, in addition to the regular insertion of blank, duplicate, and standard samples accredited by Laboratoire Expert and ALS Canada Ltd, during the analytical process.
For all analyses targeting gold mineralization, gold values are estimated by fire assay with finish by atomic absorption. Values over 3 ppm Au are reanalyzed by fire assay with finish by gravimetry by Laboratoire Expert Inc, Rouyn-Noranda. Samples containing visible gold mineralization are analyzed by metallic sieve. For additional quality assurance and quality control, all samples were crushed to
For base gold and base metals analysis, the samples were shipped to ALS Rouyn-Noranda. Gold values are estimated by fire assay with finish by atomic absorption. Zinc, Copper and Silver values are estimated by four acid digestion multi elements Inductively Coupled Plasma - Atomic Emission Spectroscopy (ICP-AES), ME-ICP61. Zinc values over
The Qualified Person has not completed sufficient work to verify the historical information on the Property or neighbouring projects, particularly in regards to historical drill results. However, the Qualified Person believes 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. has made significant gold discoveries on its
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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FAQ
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