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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 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+.
Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) has announced an upsize to its non-brokered private placement. The company now plans to offer up to 4,710,000 units at a price of C$1.15 per unit, aiming to raise aggregate proceeds of C$5,416,500. Each unit consists of one common share and half a warrant, with each whole warrant exercisable at C$1.40 for 24 months. The offering is expected to close around October 15, 2024.
The funds will be used to advance the company's Preliminary Economic Study on its Perron Gold Project and for general working capital. The offering is being conducted under the Listed Issuer Financing Exemption, meaning the units will not be subject to a hold period under Canadian securities laws. An amended offering document is available on SEDAR+ and the company's website.
Amex Exploration Inc. (TSXV: AMX) (OTCQX: AMXEF) has announced a non-brokered private placement of up to 3,400,000 units at C$1.15 per unit, aiming to raise C$3,910,000. Each unit consists of one common share and half a warrant, with each whole warrant exercisable at C$1.40 for 24 months. The offering is supported by key strategic investors Eric Sprott and Eldorado Gold .
The proceeds will fund the advancement of the company's Preliminary Economic Study on the Perron Gold Project and general working capital. The offering is expected to close around October 15, 2024, subject to regulatory approvals. Units will be offered under the Listed Issuer Financing Exemption, making them free from hold periods under Canadian securities laws.
Amex Exploration has announced a Mineral Resource Estimate (MRE) for its flagship Perron Project in Quebec. The estimate includes 594,100 measured and indicated ounces at 4.28 g/t Au and 1,049,650 inferred ounces at 3.80 g/t Au. Most resources come from the High-Grade Zone (HGZ), which alone hosts 336,170 measured and indicated ounces at 12.05 g/t Au and 415,470 inferred ounces at 10.49 g/t Au.
Drilling is ongoing and fully funded until the end of 2025. Metallurgical tests achieved up to 99% gold recovery in HGZ and up to 95% in other zones. The project also has potential for further resource expansion, including additional metals like copper-zinc, which were not included in this MRE.
Amex plans to release a Preliminary Economic Assessment (PEA) in Q4 2024. The Perron project benefits from nearby infrastructure like housing, roads, and electricity, which is expected to positively impact its economics.
Amex Exploration Inc. (TSXV: AMX) (OTCQX: AMXEF) has announced successful drill results expanding the near-surface mineralization of the High-Grade Zone (HGZ) at its Perron Project in Quebec. Key highlights include:
- Drill hole PE-24-788 returned 34.75 m of 2.22 g/t Au including 1.00 m of 53.16 g/t Au at ~145 m vertical depth
- PE-24-791 returned 10.15 m of 1.47 g/t Au including 0.75 m of 10.49 g/t Au at ~260 m vertical depth
These results, not included in the upcoming Q3 resource estimate, demonstrate growth potential across the Perron project. The drilling targeted an area near the central diabase dike, previously thought to contain only lower-grade mineralization. The company plans to continue drilling in this area to explore a potential secondary plunge of higher-grade mineralization.
Amex Exploration (OTCQX: AMXEF) has announced new drill results from the High-Grade Zone (HGZ) and Denise Zone at its Perron Project in Quebec. Significant highlights include:
- HGZ: PE-21-347W5 returned 6.35m of 30.85 g/t Au, including 0.50m of 342.10 g/t Au at ~1100m depth; PE-21-347W4 returned 7.80m of 7.36 g/t Au, including 0.70m of 70.32 g/t Au at ~970m depth.
- Denise Zone: PE-20-186W2 returned 2.15m of 16.58 g/t Au, including 0.50m of 66.35 g/t Au at ~900m depth; PE-21-347W5 returned 58.50m of 0.71 g/t Au, including 3.00m of 8.31 g/t Au at ~1150m depth.
The results suggest growth potential, especially in the Denise Zone, with new interpretations indicating more room for expansion. These findings will not be included in the current resource estimate, emphasizing the project's growth potential.
Amex Exploration announced new gold mineralization findings in the deepest drilling to date in the western area of the Gratien Gold Zone at the Perron Project in Quebec. The discovery indicates a new lens of mineralization within the Upper Gratien Gold Zone, expanding the potential for further exploration and growth. Significant drill results include PEG-24-764 with 7.40m at 5.15 g/t Au, and PEG-24-767 with 1.20m at 20.28 g/t Au. The company plans 80,000 meters of diamond drilling in 2024 and aims to update its NI 43-101 resource estimate by the end of Q3, incorporating these new findings. The new lens appears on strike with the Grey Cat Zone, enhancing the structural potential of the project.
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.
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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