Increases Bonanza HGZ By 75m
Amex Exploration Inc. (TSXV:AMX) has reported significant drill success at the Eastern Gold Zone (EGZ) on its 100% owned Perron property in north-western Quebec, Canada.
The company drilled a number of new holes to test the depth and eastern extension of the High Grade Zone (HGZ). Drill hole PE-19-165 intersected 28.97 g/t Au over 5.60 m at a vertical depth of approximately 660 m.
This intercept increases the bonanza grade core of the HGZ on the eastern depth extension by approximately 75 metres. Drill hole PE-19-163 intersected 9.48 g/t over 7.70 m at a vertical depth of approximately 650 m.
Jacques Trottier, Executive Chairman of Amex, said this is the most easterly hole drilled to the HGZ to date and increases the strike by approximately 50 m. In addition, all pending holes at the HGZ have encountered visible gold mineralization.
Amex has now completed two of three large diameter (PQ-size) drill holes in the near-surface portion of the HGZ. Abundant visible gold was encountered in both of the completed holes, indicating that large diameter drilling may increase the amount of gold encountered in drilling on this high-grade system.
The core from these holes will be analysed at SGS Lakefield laboratories for a comprehensive suite of tests, which will provide an indication of the metallurgy of the mineralization as well as composite gold grades for each interval submitted.
Amex expects these results to be received in late July to early August. Amex has also begun testing the near-surface portion of the Denise Zone at the EGZ, with significant visible gold also identified at depths less than 100 metres vertically.
The fifth and sixth drills are scheduled to arrive and begin working within the next two weeks, as part of Amex’ fully funded 200,000 metres drilling programme.
“These results indicate the continual growth and expansion of the Eastern Gold Zone,” Mr Trottier said.
“We are hitting very high-grade gold at the HGZ as we explore the zone at depth and along strike. In addition, we are very pleased with the visuals on the drill holes completed for metallurgy and anxiously await the results.”
Would you like to receive notfications in your browser for our new posts? If so, subscribe now!