Amex to Consolidate Team Zone with 210 and E3 Gold Zones to Form a 1.4 km Mineralized Corridor and Announces Further Drill Results
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Montreal, Quebec--(Newsfile Corp. - April 24, 2024) - Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) ("Amex or the Company") is pleased to announce that after continuing to advance its geological understanding on the Perron Project, further drilling identified similarities between the Team Zone, 210 and E3 gold zones, therefore making it logical to combine the three. The consolidated gold zones will retain the name Team Zone, which creates one larger mineralized corridor straddling the Normétal fault on the northeastern side of the Beaupré Block (See Figure 1). The decision is geologically driven as all three zones display remarkable similarity in their lithologies, structures and mineralization style (Figure 5).
The Company is also pleased to announce further drill results from these zones (See Figure 4 and Tables 1 and 2). With up to 14 known zones across the Perron property, this decision will improve simplicity and will save time in the ongoing modelling process and drill data compilation.
Drill Highlights Include:
210 Gold Zone (which from now will form part of Team Zone)
- PE-22-586 returned 11.50 m of 4.57 g/t Au, including 3.00 m of 10.72 g/t Au at a vertical depth of ~115 m in the 210 Gold Zone;
- PE-23-639 returned 19.10 m of 3.23 g/t Au, including 1.40 m of 29.76 g/t Au at a vertical depth of ~190 m in the 210 Gold Zone;
Team Zone
- PE-23-680 returned 7.30 m of 4.97 g/t Au, including 0.50 m of 54.12 g/t Au at a vertical depth of ~35 m in the Team Gold Zone;
- PE-23-702 returned 2.10 m of 23.10 g/t Au, including 0.55 m of 83.98 g/t Au at a vertical depth of ~270 m in the Team Gold Zone;
Jacques Trottier, PhD, Executive Chairman of Amex Exploration commented, "The combination of these three gold zones is an important milestone on the Perron Project. As we've continued to add more drilling into this area and as our modelling work has advanced, it became clear that the three zone were geologically, structurally and spatially related. The larger consolidated Team Zone now covers a strike length of approximately 1.4 km and remains open to the northwest, southeast and at depth. Amex plans to add significant meterage to the Team Zone as we believe we have only just begun to unlock its value."
Figure 1: Geological map of the Perron Project, showing each of the significant mineralized zones identified to date, including the newly consolidated Team Gold Zone.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2667/206644_5c1c0eee843358cb_002full.jpg
Figure 2: Geological map of the Team Gold Zone, showing gold mineralization greater than 0.50 g/t Au. The outline of the zone identified on the map represents the surface expression of mineralization at depth.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2667/206644_5c1c0eee843358cb_003full.jpg
Figure 3: Image showing the modelled wireframes of the 210 Zone, the Team Zone and the E3 Zone, displaying the similarities of mineralization orientations.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2667/206644_5c1c0eee843358cb_004full.jpg
Figure 4: Highlight photos of the Team Zone in drillholes PE-23-639, PE-23-680, PE-23-702 and PE-23-717. Gold mineralization is associated with tension style quartz-sulphide veins and contains visible gold. Abbreviation: VG - Visible Gold.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2667/206644_5c1c0eee843358cb_005full.jpg
Figure 5: Gold bearing quartz-sulfide veins from the 210 Gold Zone, Team Zone and E3 Gold Zone. All gold zones share similar mineralization-style.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2667/206644_5c1c0eee843358cb_006full.jpg
Table 1: Assay results from the Team 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) | Zone |
| PE-22-524 | 659.75 | 661.75 | 2.00 | 7.43 | 0.80 | ~625 | 14.86 | 210 |
| PE-22-532W1 | 518.30 | 523.50 | 5.20 | 5.01 | 0.58 | ~490 | 26.07 | 210 |
| Including | 518.30 | 519.00 | 0.70 | 33.39 | 3.00 | 23.37 | ||
| PE-22-581 | 198.50 | 214.00 | 15.50 | 1.22 | 0.49 | ~140 | 18.94 | 210 |
| Including | 212.50 | 214.00 | 1.50 | 7.68 | 2.70 | 11.52 | ||
| PE-22-586 | 127.50 | 129.90 | 2.40 | 2.14 | 0.10 | ~90 | 5.13 | 210 |
| And | 158.50 | 170.00 | 11.50 | 4.57 | 0.64 | ~115 | 52.54 | |
| Including | 163.00 | 166.00 | 3.00 | 10.72 | 1.31 | 32.17 | ||
| And | 308.70 | 319.00 | 10.30 | 2.95 | 0.30 | ~215 | 30.39 | |
| Including | 308.70 | 311.50 | 2.80 | 9.42 | 0.85 | 26.38 | ||
| PE-23-639 | 148.00 | 167.10 | 19.10 | 3.23 | 0.28 | ~190 | 61.71 | 210 |
| Including | 156.60 | 158.00 | 1.40 | 29.76 | 1.60 | 41.66 | ||
| PE-23-658 | 66.15 | 79.80 | 13.65 | 2.37 | 0.85 | ~60 | 32.40 | 210 |
| Including | 73.00 | 74.00 | 1.00 | 5.90 | 0.60 | 5.90 | ||
| Including | 75.00 | 75.75 | 0.75 | 6.14 | 1.10 | 4.61 | ||
| Including | 79.00 | 79.80 | 0.80 | 7.78 | 6.30 | 6.22 | ||
| PE-23-667 | 76.50 | 90.70 | 14.20 | 0.60 | 1.81 | ~70 | 8.48 | 210 |
| And | 102.00 | 109.50 | 7.50 | 5.60 | 0.31 | ~85 | 41.96 | |
| Including | 106.50 | 108.00 | 1.50 | 22.39 | 1.00 | 33.59 | ||
| And | 161.60 | 163.50 | 1.90 | 2.79 | 0.32 | ~135 | 5.29 | |
| And | 287.50 | 294.00 | 6.50 | 5.22 | 0.11 | ~240 | 33.96 | |
| Including | 288.00 | 289.50 | 1.50 | 18.31 | 0.10 | 27.47 | ||
| PE-23-676 | 19.00 | 25.00 | 6.00 | 1.78 | 0.10 | ~15 | 10.70 | 210 |
| PE-23-679 | 97.00 | 110.50 | 13.50 | 0.76 | 0.23 | ~85 | 10.28 | 210 |
| Including | 98.40 | 99.15 | 0.75 | 8.43 | 2.20 | 6.32 | ||
| PE-23-689 | 525.70 | 526.20 | 0.50 | 18.67 | 1.60 | ~435 | 9.34 | 210 |
| PE-23-690 | 127.50 | 141.00 | 13.50 | 1.20 | 0.21 | ~115 | 16.16 | 210 |
| Including | 134.75 | 135.25 | 0.50 | 9.91 | 0.90 | 4.96 | ||
| PE-23-680 | 45.20 | 52.50 | 7.30 | 4.97 | 0.73 | ~35 | 36.25 | Team Zone |
| Including | 45.20 | 45.70 | 0.50 | 54.12 | 1.40 | 27.06 | ||
| PE-23-683 | 79.30 | 83.00 | 3.70 | 2.25 | 0.67 | ~65 | 8.33 | Team Zone |
| And | 185.30 | 186.00 | 0.70 | 7.75 | 0.30 | ~160 | 5.43 | |
| And | 410.00 | 411.50 | 1.50 | 1.55 | 0.90 | ~350 | 2.33 | |
| PE-23-702 | 321.50 | 323.60 | 2.10 | 23.10 | 0.81 | ~270 | 48.50 | Team Zone |
| Including | 322.35 | 322.90 | 0.55 | 83.98 | 2.70 | 46.19 | ||
| PE-23-717 | 163.00 | 164.00 | 1.00 | 3.22 | 0.30 | ~135 | 3.22 | Team Zone |
| And | 478.00 | 481.00 | 3.00 | 6.12 | 1.80 | ~390 | 18.37 | |
| Including | 478.00 | 478.50 | 0.50 | 33.36 | 5.60 | 16.68 | ||
| And | 574.20 | 575.25 | 1.05 | 28.28 | 14.53 | ~465 | 29.70 |
*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-22-524 | 143 | -73 | 0 | 1645 | 1645 | 614886 | 5431358 | 349 |
| PE-22-532W1 | 137 | -76 | 0 | 1878 | 1878 | 614964 | 5431427 | 355 |
| PE-22-581 | 135 | -45 | 0 | 601 | 601 | 614887 | 5431358 | 349 |
| PE-22-586 | 135 | -45 | 0 | 505 | 505 | 614860 | 5431281 | 347 |
| PE-23-639 | 130 | -60 | 0 | 351 | 351 | 614847 | 5431123 | 344 |
| PE-23-658 | 40 | -60 | 0 | 351 | 351 | 614846 | 5431271 | 346 |
| PE-23-667 | 130 | -60 | 0 | 335 | 335 | 614884 | 5431316 | 348 |
| PE-23-676 | 40 | -60 | 0 | 321 | 321 | 614997 | 5431139 | 348 |
| PE-23-679 | 130 | -60 | 0 | 352 | 352 | 614918 | 5431205 | 347 |
| PE-23-680 | 310 | -60 | 0 | 520 | 520 | 615260 | 5430927 | 349 |
| PE-23-683 | 120 | -60 | 0 | 532 | 532 | 615263 | 5430925 | 349 |
| PE-23-689 | 310 | -60 | 0 |
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"text": "The consolidation aims to create a larger mineralized corridor on the Perron Project, simplifying the modeling process and unlocking the value of the combined zones."
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FAQ
What is the significance of Amex Exploration Inc. consolidating Team Zone with 210 and E3 Gold Zones?
The consolidation aims to create a larger mineralized corridor on the Perron Project, simplifying the modeling process and unlocking the value of the combined zones.
What are some drill highlights from the consolidation?
Significant drill highlights include PE-22-586 returning 11.50 m of 4.57 g/t Au in the 210 Gold Zone and PE-23-680 returning 7.30 m of 4.97 g/t Au in the Team Gold Zone.
Who commented on the consolidation of the three gold zones?
Jacques Trottier, PhD, Executive Chairman of Amex Exploration, commented on the importance of combining the three gold zones on the Perron Project.
What is the current strike length of the consolidated Team Zone?
The larger consolidated Team Zone now covers a strike length of approximately 1.4 km and remains open to the northwest, southeast, and at depth.
What is the plan regarding drilling on the consolidated Team Zone?
Amex plans to add significant meterage to the Team Zone as they believe they have only just begun to unlock its value.
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