Amex Exploration Inc. (TSXV: AMX | FSE: MX0 | OTCQX: AMXEF) has announced that it has entered into a definitive asset purchase agreement with an arm’s length vendor to acquire a significant land package, expanding its holdings around its flagship Perron Project to 19,752 hectares (197.52km2).
When combined with the newly acquired land package, to be named Perron West, Amex will control an area more than four times the size of the existing Perron Property. The Perron West Project consists of 48 contiguous claims/exclusive exploration rights comprising 1,737 hectares adjoining the Perron Project to the west and the south in the Abitibi-Témiscamingue region of the province of Quebec and 33 multi-cell and 2 single-cell contiguous mining claims comprising 13,455 hectares in the Abbotsford, Adair and Hepburn Townships in the province of Ontario, representing a total area of 15,192 hectares.
Jacques Trottier, PhD, executive chairman of Amex Exploration commented, “We are excited by the discovery potential that this land acquisition provides. The package boasts seven gold and five copper showings, displaying the significant potential for future discoveries of both gold and volcanogenic massive sulphide (VMS). The claims have also been subject to recent airborne geophysical and soil sampling programmes which will be an excellent guide for next exploration steps. This work was instrumental in helping us identify what we believe is a geological mirror image of the Beaupré Block. With this acquisition, Amex now controls over 35kms of the prolific Normétal Fault and 9kms of the Perron Fault. This combined land package is truly district scale and has never before been assembled by a single organization. We look forward to extrapolating our extensive understanding of the Perron project to Perron West.”
The company is working on finalizing an exploration programme for the new property in 2025. This will likely consist of tighter grids of soil sampling to further define existing anomalies as well as expanding the grid to cover areas of the project that have not yet been covered.
Given past anomalies produced, a more detailed sonic drill programme is also being considered to test the overburden as well as the top few metres of bedrock. The goal of these programmes will be to define drill ready targets for the Perron West Project.
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