Amex Exploration Inc.(TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) has provided a review of its 2021 accomplishments and exploration plans and goals for 2022.
On the corporate front, the company ended the year in a strengthened financial position with the full exercise of all remaining warrants, adding $7 million to the treasury, demonstrating continued shareholder support and confidence.
Additionally, Amex Exploration was named to 2021 OTCQX Best 50, a ranking of top performing companies traded on the OTCQX. As part of its ongoing focus on Environmental, Social, and Governance (ESG), Amex strengthened the Board of Directors through the appointment of Bryan Coates as Lead Independent Director and election of Dr. Luisa Morena as Independent Director.
On the exploration front, the drill bit continued to add value throughout. Additional highlights from the year included:
- Three significant new discoveries were made on the Perron property.
- A copper rich volcanogenic massive sulphide (VMS) discovery (QF Zone) was made along the Normétal Mine Horizon where the company intersected 2.40% Cu, 0.72% Zn, 0.27 g/t Au and 22.15 g/t Ag over 7.80 m. Follow up drilling has confirmed the initial discovery with similar grades and widths, indicating the presence of a substantial VMS system. Defining and expanding upon this system will be a part of the exploration program in 2022.
- A new high-grade gold structure located 650 m north-west of the High Grade Zone (HGZ), the Alizee Zone, returning 31.87 g/t Au over 5.10 m.
- An additional high-grade gold structure, the 210 Gold Zone, was discovered on the Normétal Fault, with the discovery interval returning 58.25 g/t Au over 3.90 m.
- The Denise Gold Zone surpassed expectations showing large zones of broad near-surface gold mineralisation and continuity. The Denise Zone has now been defined to a depth of 700 m and 500 m along strike and the geology indicates probability to expand to the east near surface.
- At the High Grade Zone (HGZ) Amex demonstrated exceptional high-grade gold continuity down to a depth of 1.35 km. The Company also reported the highest grade individual assay at Perron of 929.24 g/t Au over 0.50 m at a depth of 290 m in hole PE-21-344.
In 2021, the company completed a total of 129,310 m of drilling. The focus was on the expansion and definition drilling of HGZ and near surface, on strike expansion and definition drilling of the Denise Zone as well as regional exploration drilling. There are currently a number of pending samples at two labs from holes targeting the HGZ, Denise, QF and Grey Cat Zone, as well as regional exploration drilling.
Exploration Plans and Corporate Goals for the coming year
- Test the expansion potential of the Denise Zone along strike for up to 1.5 km to the east, where limited drilling has occurred and gold mineralisation has been encountered.
- Continue to define the HGZ to a resource level to a depth of approximately 1 km.
- Further define and explore the QF VMS Zone.
- Report on regional exploration programme and determine potential to make additional gold and VMS discoveries on Perron.
- Complete a maiden resource on the Perron Project in H2.
- Set and report on ESG goals for 2022 with a report to be produced during the year.
For further information please visit: https://www.amexexploration.com/
