Amex Exploration Announces New Gold Discovery Named the JT Zone
Amex Exploration has announced a new gold discovery, the JT Zone, within the Beaupré Block of the Perron project in the Abitibi region of Quebec. The discovery is situated in a felsic to intermediate dike rich in sulfide mineralization, containing pyrrhotite, pyrite, and occasional sphalerite, with gold grades observed. The JT Zone is located approximately 750 m north-northwest of the High Grade Zone and 600 m northwest of the Team Zone, extending 275 m in strike length with a thickness of 60 m. Significant drill highlights include PEX-24-222, which reported 70.50 m of 0.91 g/t Au, and PEX-24-213, which returned 49.50 m of 0.86 g/t Au. The mineralization style suggests potential for both low-grade bulk tonnage and higher-grade ounces. Further studies will focus on understanding the relationship between sulfide mineralization and gold grades. The discovery holds promise to significantly contribute to Amex's existing resources at Perron.
- Discovery of the JT Zone, a new gold-bearing area within the Beaupré Block of the Perron project.
- The zone has a 275 m strike length and a thickness of 60 m, offering potential for substantial mineralization.
- Significant drill results: PEX-24-222 reported 70.50 m at 0.91 g/t Au; PEX-24-213 reported 49.50 m at 0.86 g/t Au.
- Potential to add both low-grade bulk tonnage and higher-grade ounces to existing resources.
- The mineralized dike remains open to the west, east, and at depth, indicating further exploration potential.
- No surface outcrop of the sulfide-rich dike, which may complicate extraction efforts.
- Initial gold grades from some sections may be considered low for high-grade mining operations.
- Further studies needed to understand the relationship between sulfide mineralization and gold grades, indicating incomplete data.
Montreal, Quebec--(Newsfile Corp. - June 12, 2024) - Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) ("Amex or the Company") is pleased to announce a new gold discovery in a never-before-seen lithology within the Beaupré Block of the Perron project in the Abitibi region of Quebec. The new zone, named the JT Zone, was found within a felsic to intermediate dike with various levels of sulfide mineralization containing gold grades. The JT Zone is located approximately 750 m to the north-northwest of the High Grade Zone and approximately 600 m to northwest of the Team Zone (see Figure 1). The JT dike is oriented WNW-ESE with a strike length to date of 275 m, plunging to the east, and a thickness of 60 m (see Figure 2). The mineralized dike remains open to both the west and the east, as well as at depth (see Figure 3).
The felsic to intermediate dike that defines the JT Zone contains varying levels of sulfide mineralization, being mainly pyrrhotite and pyrite with occasional traces of sphalerite (See Figure 4). Mineralogy of the dike consists of feldspar, quartz, amphibole, chlorite and biotite. Studies will be completed to better understand the relationship between the percentage of sulfide mineralization and gold grades.
In addition, the JT Zone also comprises gold bearing quartz-carbonate veins that are hosted in the aphanitic rhyolite of the Beaupré Block, highlighting the zone's potential for multiple styles of mineralization (see Figure 4). For a full list of today's drill results and collar locations, please see Tables 1 and 2 below.
Drill Highlights Include:
PEX-24-222 returned 70.50 m of 0.91 g/t Au, including 10.50 m of 2.83 g/t Au at a vertical depth of ~20 to 70 m in the JT Zone
PEX-24-213 returned 49.50 m of 0.86 g/t Au, including 5.90 m of 2.39 g/t Au at a vertical depth of ~210 to 250 m in the JT Zone
Jacques Trottier, PhD, Executive Chairman of Amex Exploration commented, "The Beaupré Block has yet again delivered Amex another gold discovery, this time in a lithology never previously encountered across the Perron property. The sulfide rich dike does not outcrop on surface and was found northwest of the Team Zone while conducting follow up drilling on mineralized extensional veins similar in nature to that of the Team Zone. We have initiated studies regarding the mineralization style in this new zone to get a better grasp on the nature of the gold emplacement, I look forward to analyzing the thin sections under microscope once in hand. The Amex team believes this mineralized dike could potentially add some significant low-grade, bulk tonnage ounces to the existing resources at Perron. There are also higher-grade ounces to be found within the quartz-carbonate veins in the aphanitic rhyolite. The team is excited to continue drilling in this area and grow our latest discovery."
Figure 1: Geological map of the Perron Project, showing each of the significant mineralized zones identified to date, including the new JT Zone discovery.
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Figure 2: Geological map of the new JT Zone discovery, showing gold mineralization greater than 0.50 g/t Au. Thick low-grade mineralization is hosted in a felsic to intermediate dike situated within the Beaupré Block. Some high-grade results can also be observed that are found within quartz veining hosted in the aphanitic rhyolite.
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Figure 3: Longitudinal section of the JT Zone looking to the south with the location of today's released drill holes.
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Figure 4: Highlight photos displaying the two different mineralization styles observed in the JT Zone. Gold bearing quartz-carbonate-sulfide veins with visible gold are hosted within the aphanitic Beaupré rhyolite (holes PE-23-704 and PEX-24-223). Within the felsic to intermediate JT Dike (PEX-24-213), gold mineralization is associated with disseminated sulfides (pyrite and pyrrhotite). Abbreviations: VG: Visible Gold; Py: Pyrite; Po: Pyrrhotite.
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Table 1: Assay results from the JT Zone at Perron.
| Hole ID | From (m) | To (m) | Length (m) | Au (g/t) | Ag (g/t) | Vertical Depth (m) | Metal Factor* (g/t Au*m) |
| PE-23-704 | 165.00 | 168.20 | 3.20 | 1.33 | 0.26 | ~115 | 4.24 |
| and | 193.00 | 194.50 | 1.50 | 17.62 | 4.10 | ~130 | 26.43 |
| PE-23-704EXT | 260.00 | 268.00 | 8.00 | 0.48 | 0.28 | ~170 | 3.85 |
| PEX-24-213 | 57.50 | 58.90 | 1.40 | 2.47 | 0.10 | ~50 | 3.46 |
| and | 115.50 | 116.00 | 0.50 | 5.90 | 0.70 | ~95 | 2.95 |
| and | 137.50 | 138.00 | 0.50 | 9.82 | 2.00 | ~110 | 4.91 |
| and | 244.00 | 249.50 | 5.50 | 0.89 | 0.13 | ~195 | 4.91 |
| and | 264.00 | 313.50 | 49.50 | 0.86 | 0.16 | ~210 to 250 | 42.41 |
| including | 283.50 | 289.40 | 5.90 | 2.39 | 0.10 | 14.07 | |
| including | 295.90 | 305.10 | 9.20 | 1.00 | 0.23 | 9.22 | |
| and | 345.00 | 350.00 | 5.00 | 0.59 | 0.12 | ~275 | 2.97 |
| PEX-24-215 | 128.00 | 128.50 | 0.50 | 1.33 | 0.10 | ~95 | 0.67 |
| and | 214.70 | 215.20 | 0.50 | 2.92 | 0.80 | ~160 | 1.46 |
| PEX-24-216 | 119.00 | 119.50 | 0.50 | 3.26 | 0.10 | ~90 | 1.63 |
| and | 219.00 | 303.00 | 84.00 | 0.22 | 0.11 | ~160 to 220 | 18.40 |
| PEX-24-216EXT | 303.00 | 316.50 | 13.50 | 0.18 | 0.10 | ~220 | 2.46 |
| PEX-24-217 | 36.00 | 40.50 | 4.50 | 0.64 | 0.50 | ~20 | 2.88 |
| and | 55.50 | 57.00 | 1.50 | 0.91 | 0.10 | ~35 | 1.36 |
| and | 73.60 | 74.20 | 0.60 | 1.24 | 0.10 | ~50 | 0.74 |
| and | 101.70 | 102.20 | 0.50 | 1.04 | 0.10 | ~65 | 0.52 |
| and | 156.00 | 156.50 | 0.50 | 0.69 | 0.10 | ~105 | 0.35 |
| and | 181.00 | 201.50 | 20.50 | 0.65 | 0.18 | ~125 | 13.30 |
| and | 218.50 | 225.00 | 6.50 | 0.58 | 0.21 | ~150 | 3.79 |
| PEX-24-218 | 203.35 | 204.00 | 0.65 | 2.05 | 0.10 | ~160 | 1.33 |
| and | 212.70 | 213.80 | 1.10 | 1.52 | 0.20 | ~170 | 1.67 |
| and | 297.50 | 389.40 | 91.90 | 0.31 | 0.10 | ~240 to 310 | 28.44 |
| including | 297.50 | 349.35 | 51.85 | 0.32 | 0.10 | 16.77 | |
| including | 354.00 | 367.95 | 13.95 | 0.50 | 0.10 | 7.06 | |
| including | 374.40 | 388.90 | 14.50 | 0.29 | 0.10 | 4.17 | |
| PEX-24-219 | 36.00 | 138.00 | 102.00 | 0.32 | 0.11 | ~35 to 135 | 33.05 |
| Including | 105.00 | 106.50 | 1.50 | 8.30 | 0.30 | 12.45 | |
| and | 190.50 | 195.00 | 4.50 | 0.97 | 0.50 | ~190 | 4.37 |
| and | 291.00 | 292.50 | 1.50 | 0.50 | 0.20 | ~290 | 0.75 |
| PEX-24-220 | 50.00 | 52.50 | 2.50 | 0.92 | 0.10 | ~35 | 2.30 |
| and | 57.00 | 59.50 | 2.50 | 3.47 | 0.56 | ~40 | 8.68 |
| and | 64.50 | 68.00 | 3.50 | 0.71 | 0.10 | ~50 | 2.49 |
| and | 97.50 | 99.00 | 1.50 | 1.76 | 0.10 | ~70 | 2.64 |
| PEX-24-221 | 47.00 | 48.00 | 1.00 | 0.56 | 0.10 | ~30 | 0.56 |
| and | 57.00 | 57.50 | 0.50 | 0.98 | 0.30 | ~40 | 0.49 |
| and | 100.50 | 103.50 | 3.00 | 1.92 | 0.20 | ~70 | 5.75 |
| PEX-24-222 | 29.00 | 99.50 | 70.50 | 0.91 | 0.49 | ~20 to 70 | 64.44 |
| Including | 48.00 | 57.00 | 9.00 | 1.53 | 0.18 | 13.77 | |
| Including | 82.50 | 93.00 | 10.50 | 2.83 | 0.18 | 29.69 | |
| Including | 82.50 | 84.00 | 1.50 | 9.70 | 0.50 | 14.55 | |
| Including | 89.00 | 90.00 | 1.00 | 9.70 | 0.10 | 9.70 | |
| PEX-24-223 | 90.40 | 91.20 | 0.80 | 7.61 | 1.90 | ~85 | 6.09 |
| and | 368.10 | 368.60 | 0.50 | 2.44 | 0.10 | ~335 | 1.22 |
*Metal Factor is defined as gold grade multiplied by core length.
Table 2: Drillhole coordinates for today's results.
| Hole ID | Azimuth (°) | Dip (°) | From (m) | To (m) | Length (m) | Easting (m) | Northing (m) | Elevation (m) |
| PE-23-704 | 10 | -45 | 0 | 205 | 205 | 614444 | 5431280 | 346 |
| PE-23-704EXT | 10 | -45 | 205 | 300 | 95 | 614444 | 5431280 | 346 |
| PEX-24-213 | 7 | -56 | 0 | 462 | 462 | 614451 | 5431266 | 346 |
| PEX-24-215 | 18 | -50 | 0 | 291 | 291 | 614450 | 5431267 | 346 |
| PEX-24-216 | 355 | -49 | 0 | 303 | 303 | 614450 |
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FAQ
What is the new gold discovery announced by Amex Exploration?
Amex Exploration announced the discovery of the JT Zone, a new gold-bearing area within the Beaupré Block of the Perron project in Quebec.
Where is the JT Zone located?
The JT Zone is located approximately 750 m north-northwest of the High Grade Zone and 600 m northwest of the Team Zone within the Beaupré Block of the Perron project.
What are the notable drill results from the JT Zone?
Notable drill results include PEX-24-222 with 70.50 m of 0.91 g/t Au and PEX-24-213 with 49.50 m of 0.86 g/t Au.
What is the potential impact of the JT Zone discovery on Amex Exploration's resources?
The JT Zone discovery has the potential to add significant low-grade bulk tonnage and higher-grade ounces to Amex Exploration's existing resources.
What minerals are found in the JT Zone alongside gold?
The JT Zone contains pyrrhotite, pyrite, and occasional traces of sphalerite alongside gold.
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