Wide, Near Surface Results Up To 8.19 g/t Au
Amex Exploration Inc. (TSXV:AMX)has achieved positive results from drilling T the Denise Zone which is located in the Eastern Gold Zone (EGZ) on the 100% owned Perron property in northwestern Quebec.
The EGZ is comprised of multiple parallel gold zones including the High Grade Zone (HGZ) and the Denise Zone.
Highlight results from the Denise Zone Include:
- (Hole PE-20-172 intersected 14.00 metres of 8.19 g/t Au, including 1.50 metres of 61.72 g/t Au and 9.00 metres of 5.94 g/t Au at a vertical depth of approximately 90 m and 160 m
- Hole PE-20-174 intersected 8.50 metres of 3.86 g/t Au at a vertical depth of approximately 70 m
- Hole PE-20-175 intersected 21.60 metres of 1.93 g/t Au at a vertical depth of approximately 70 m and further downhole intercepted 0.70 metres of 22.76 g/t Au at a vertical depth of approximately 130 m
- Hole PE-20-180 intersected 5.35 metres of 5.31 g/t Au at a vertical depth of approximately 85 m and further downhole intercepted 3.00 metres of 6.91 g/t Au at a vertical depth of approximately 144 m
- Hole PE-20-56EXT intersected 3.55 metres of 10.53 g/t Au at a vertical depth of approximately 120 m
Executive Chairman, Jacques Trottier, said that at the Eastern Gold Zone, Amex clearly has two different orogenic Archean gold mineralization types adjacent to each other.
Mr Trottier said the now famous HGZ is typically a Bonanza Vein Type characterised by very high grade gold content (up to 393.33 g/t Au over 1.70 m in hole PE-19-22) usually consisting of two parallel continuous quartz veins containing multiple native coarse free gold grains located at the contact on both sides of a linear vertical mafic foliated gabbro intrusive cross cutting a massive rhyolitic host unit.
Meanwhile, the Denise Zone is a more typical Shear Zone type gold mineralisation which consists mainly of a wide (from 5 m to more than 80 m of width) sub vertical deformation zone.
Mr Trottier said the occurrence of scattered fine free native gold in the Denise Zone could explain the higher gold content of this mineralized Shear Zone (for example hole PE-19-83 that returned 23.91 g/t Au over 9.30 m).
“Since the discovery of the Eastern Gold Zone most of our work has been focused on the HGZ which has continued to deliver excellent results,” he said.
“With six drills now turning on the Perron property we have the resources to explore the Denise Zone, located roughly 50 m to a 100 m to the North and parallel to the HGZ. Given today’s results which are wide, high-grade and near surface we will be doing extensive following up drilling on Denise to fully evaluate its potential to build its own resources.
“This discovery of gold near surface is in fact changing our interpretation of the Denise Zone, which is 100% accretive to the HGZ, and has the potential to add significant gold ounces to the Eastern Gold Zone especially when calculating ounces per vertical metre.
“Of course we will continue to explore the HGZ at depth as it appears to be getting richer and wider as we go deeper. There is still a lot of drilling to be done to fully define that zone down to about a kilometre. “Finally, we have deployed a drill to the Grey Cat Zone as the ground has firmed up and we have better access. Drilling is going very well on that target and we should be reporting results from Grey Cat soon.”