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AMEX EXPLORATION INC ORD - AMXEF STOCK NEWS

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Amex Exploration Inc. (AMXEF) is a leading mining company based in Quebec, Canada, focused on gold exploration and development. The company has made significant discoveries on its Perron Gold Project, including the high-grade Gratien Gold Zone and the Team Zone. Recent assay results have shown exceptional gold grades and mineralization, indicating the potential for further expansion and resource growth.

Amex Exploration's Perron Project, located in the Abitibi region, covers 117 claims and consists of bulk tonnage and high-grade gold style mineralization. The project is strategically positioned near existing infrastructure, making it an attractive investment opportunity. With a dedicated team of experts and ongoing drilling campaigns, Amex is committed to unlocking the full potential of its mineral assets.

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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.

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THE Mining Investment Event of the North, Quebec City is set to take place on June 4-6, 2024, and will feature notable speakers and sponsors from the mining industry. Jennifer Knight, Deputy Assistant Secretary for Textiles, will be a Keynote Speaker, along with other prominent figures. The event will host over 100 mining companies, including Agnico Eagle Mines (AEM), and provide a platform for networking and showcasing the latest developments in the sector.

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Amex Exploration Inc. announces the consolidation of Team Zone with 210 and E3 Gold Zones to form a 1.4 km mineralized corridor on the Perron Project. The combined gold zones will be named Team Zone, reflecting geological similarities and further drill results. The decision aims to simplify the modeling process, save time, and unlock the value of the larger corridor. Significant drill highlights include high-grade gold intersections in both 210 and Team Gold Zones. The Company plans to expand drilling on the consolidated zone, believing there is more potential to be discovered.
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Amex Exploration Inc. announces the highest-grade gold composite to date on the Gratien Zone in Quebec, with an intercept of 76.69 g/t Au over 3.50 m. The Company plans to release an NI 43-101 resource estimate in early to mid Q2 2024.
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Amex Exploration Inc. announces positive assay results from the QF Zone, reporting 3.43% Copper, 34.00 g/t Silver, 1.80% Zinc, and 0.30 g/t Gold over 20.80 m. The QF Zone, a VMS body, is located near the past-producing Normétal Mine. The company plans to conduct metallurgical tests on the composites. The project shows similarities to the historical mine but is more copper-rich. The Perron project is close to the Glencore Horne Smelter in Rouyn Noranda.
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Amex Exploration Inc. reports excellent metallurgical test results with gold recoveries exceeding 95% in all samples and over 98% in high-grade samples across multiple gold zones. The tests show high gold concentrations and good recoverability through gravity, flotation, and leaching processes, providing promising economic scenarios for mining at Perron. The results are verified by SGS Canada Inc., a reputable metallurgical and analytical studies leader.
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CEO.CA Technologies Ltd. shares video coverage from the recent PDAC convention in Toronto, Canada, showcasing its popularity among investors globally.
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Amex Exploration Inc. announces high-grade gold results from a new western extension of the Gratien Gold Zone on the Perron Project in Quebec. The company reports significant drill hole intercepts in the Gratien, E3, and Team zones, showcasing potential for expansion and further definition. The results include impressive gold grades and visible gold mineralization, indicating promising exploration opportunities.
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Amex Exploration Inc. successfully completed a non-brokered charity flow-through private placement, raising C$26.65 million through the issuance of 11,344,130 charity flow-through shares. Eldorado Gold Corporation made a strategic investment in the Company, acquiring 11,344,130 common shares, representing approximately a 9.9% ownership interest. The gross proceeds from the Offering will be used to advance the Company's Perron project in Quebec, qualifying as 'Canadian Exploration Expenses' and 'flow-through mining expenditures'. PI Financial Corp. acted as financial advisor to the Company, receiving an advisory fee of $790,000. The Company's issued and outstanding common shares increased from 103,243,001 to 114,587,131.
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CEO.CA Technologies Ltd. shares exclusive updates with CEOs of junior mining explorers, offering a leading investor social network in junior resource and venture stocks. The company, founded in 2012, is a popular free financial website and app in Canada and globally, with industry-leading audience engagement and mobile functionality.
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FAQ

What is the current stock price of AMEX EXPLORATION ORD (AMXEF)?

The current stock price of AMEX EXPLORATION ORD (AMXEF) is $0.861 as of November 18, 2024.

What is the market cap of AMEX EXPLORATION ORD (AMXEF)?

The market cap of AMEX EXPLORATION ORD (AMXEF) is approximately 109.0M.

Where is Amex Exploration Inc. based?

Amex Exploration Inc. is based in Montreal, Quebec, Canada.

What is the focus of Amex Exploration?

Amex Exploration is focused on gold exploration and development, with significant discoveries on the Perron Gold Project.

What are some recent achievements of Amex Exploration?

Amex Exploration has reported high-grade gold results from the Gratien Gold Zone and identified similarities between the Team Zone, 210, and E3 gold zones.

Where is the Perron Project located?

The Perron Project is located in the Abitibi region of Quebec, Canada, covering 117 claims and showcasing bulk tonnage and high-grade gold mineralization.

What is the significance of the combined Team Zone?

The combined Team Zone, formed by merging the 210 and E3 gold zones, covers a strike length of approximately 1.4 km and offers potential for resource growth and value creation.

AMEX EXPLORATION INC ORD

OTC:AMXEF

AMXEF Rankings

AMXEF Stock Data

109.02M
94.15M
18.13%
6.88%
Gold
Basic Materials
Link
United States of America
Montreal