Delivers up to 144.90 g/t Au Over 1.50m At Perron
Amex Exploration Inc. (TSXV:AMX) has successful expanded its High Grade Zone (HGZ) at the Perron property in north-western Quebec, Canada.
The company has received positive new results from several news holes targeting the depth and lateral extensions of the HGZ, a continuous high grade gold system which is immediately north of the Denise Zone, forming together the Eastern Gold Zone (EGZ) of the Perron property.
The results have significantly expanded the strike length of the high grade portion of the HGZ, increasing the potential of ounce per vertical metre of the system, as well as increasing dimension of the high grade mineralization at depth.
Gold mineralisation at the HGZ, hosted by brecciated rhyolite of the Beaupre Block, consists of bonanza grade hangingwall and footwall veins which flank an anomalous to low grade mafic intrusive rock. Gold is in the veins and is associated with sphalerite and pyrite;
Hole PE-20-217 intersected 10.55m of 20.88 g/t Au over the entire HGZ including a very high grade core of 1.50m of 144.90 g/t Au which shows homogeneous distribution of gold within the hanging-wall vein including 0.50m of 72.55 g/t Au, 0.50m of 119.58 g/t Au, and 0.50m of 242.58 g/t Au at a vertical depth of approximately 560m.
This intercept occurs at the western margin of the upper portion of the HGZ and significantly increases the strike length of the bonanza grade portion as shown in the longitudinal section.
Hole PE-20-197 intersected 6.65m of 5.89 g/t Au over the entire HGZ including 0.60m of 31.68 g/t Au and 0.90m of 19.72 g/t Au at a vertical depth of approximately 1,000m which expands the strike length to the East of the HGZ at depth by ~75m.
Hole PE-20-187W2 intersected 7.90m of 13.87 g/t Au over the entire HGZ including 2.20m of 49.04 g/t Au which includes 0.55m of 106.04 g/t Au and 0.55m of 87.92 g/t Au at a vertical depth of approximately 1,065m.
“Over the past two years our High Grade Zone has consistently produced exceptional drill results,” Jacques Trottier, Amex’s Executive Chairman, said.
“The HGZ is continuous and predictable as indicated by the strike length expansion of ~75m in hole PE-20-197 as well as the expected bonanza grades encountered in hole PE-20-187W2.
“However, hole PE-20-217 was unexpected and is very exciting to our exploration team, as it produced a very high metal factor in an area of the HGZ that was expected to be weakly mineralized, thus the western extension of the HGZ is now wide open, along with many other areas in the immediate vicinity, for additional high grade mineralisation. We continue to intercept significant gold at depth as well, further expanding the footprint of the system.”
“Our 10th drill rig has arrived on the property ahead of schedule and we expect to drill in excess of 10,000m a month. We have many holes pending at the lab, particularly for the Denise Zone, which we are keen to receive and release to the market.”