Large Intervals Include Up To 1.62 g/t Au Over 51.30m
Amex Exploration Inc. (TSXV:AMX) has obtained promising drill results in its drill programme aimed at the expansion and definition of the Denise Zone of the Eastern Gold Zone (EGZ) of the Perron Gold Project in Quebec.
Executive Chairman, Jacques Trottier, said the results significantly expand upon and confirm expectations of the large zones of broad near-surface gold mineralisation and continuity of Denise as Amex works to drill off its maiden resource on the Perron Project.
In addition to the latest results, Amex is awaiting results on over 21,800 samples at two labs from holes targeting the HGZ, Denise, and Grey Cat Zone, as well as regional exploration drilling.
- 1.62 g/t Au over 51.30 metres including 5.34 g/t over 12.80m at a vertical depth between approximately 80 and 115m
- 0.82 g/t Au over 60.55m at a vertical depth between approximately 15 and 50m
- 1.28 g/t Au over 36.40m at a vertical depth of approximately 345m
- 3.04 g/t Au over 14.20m at a vertical depth of approximately 375m
- 1.15 g/t Au over 44.55m including 48.15 g/t Au over 0.70m at a vertical depth between approximately 440 and 480m
“These large intervals of near-surface gold mineralisation, confirm our expectations of a robust and continuous hydrothermal gold system,” Mr Trottier said.
“The ongoing drill programme at Denise has outlined a zone with at least 300m of strike tested down to over 600m vertically. These results show not only the extension of Denise to the West but also infill drilling demonstrates that the overall mineralisation width and grade are quite consistent and will significantly add to the potential gold ounces per vertical meter at the Eastern Gold Zone.
As a reminder the Denise Zone lies a mere 50m from the High Grade Zone (HGZ) which is where we have seen bonanza grades that could be included in a potential pit design allowing for the mining of both Denise and the HGZ in tandem.”
The Denise Zone is hosted by a highly brecciated rhyolite at the southern margin of the Beaupre Block. Mineralisation is associated with intense sericitization and variable silicification, along with disseminations of pyrite and lesser sphalerite.
Gold mineralisation occurs as disseminations as well as in high grade veinlets where free gold is often identified. An elevated gold signature is present throughout the entire Denise zone (beyond what is reported in composites by Amex) indicating a long-lived large-scale gold-bearing hydrothermal system.
Amex recently completed a programme of downhole optical televiewer surveys focused on the High Grade Zone and Denise which will provide additional structural information on the controls on mineralization and may assist in vectoring in towards additional structurally-controlled high grade gold mineralisation.