Mr. Victor Cantore reports
AMEX HUNTS FOR MORE HIGH-GRADE GOLD AT PERRON - OUTLINES 2025 EXPANSION AND REGIONAL DRILL PROGRAMS
Amex Exploration Inc. has provided details on its fully financed 2025 exploration drill program on the flagship Perron project, located in northwestern Abitibi, Que. A property-wide program has been compiled to continue the expansion and confirm continuity of existing zones and to test new regional drill targets.
The drill program has two main objectives:
- Regional program: explore new, untested targets: A major regional drill program will be conducted across multiple targets on previously undrilled lithologies to test the exceptional blue-sky potential that remains on the property. The goal of this program is to make new gold discoveries on the project, with an emphasis on finding new High Grade-zone-like structures in untested portions of the Beaupre block and elsewhere.
- Expansion program: expand the known gold zones: This involves continuing to expand resources in areas identified in the mineral resource estimate (see press release dated Sept. 5, 2024), the preliminary economic assessment (see press release dated Nov. 13, 2024) and recent drill results (see press release dated Jan. 9, 2025) through stepout drilling along strike and to depth. Mineralization encountered in this drilling campaign has the potential to positively impact the existing pit shells, as well as add to the underground stopes as outlined in the PEA.
Jacques Trottier, PhD, executive chairman of Amex Exploration, commented: "We have a fantastic opportunity at Perron to continue to add valuable ounces in close proximity to the surface while also searching for the next big gold discovery on the property. Given the amount of discovery success had within the Beaupre block rhyolite, there was limited focus on the additional lithologies that are present on the property. As can be seen on the geological map, the prolific Normetal fault, which is host to both gold and volcanogenic massive sulphide mineralization, continues into the Patten pluton to the west. We are particularly excited to test the contacts of this pluton with the surrounding volcanics in the search for further structurally controlled mineralization from this major system of deformation."
2025 regional drill program
This year's regional drill program was designed after a property-wide data compilation revealed multiple lithologies with untested anomalies. Data compilation included an in-depth review of anomalies contained within existing drilling, surface geochemistry, airborne geophysics and a newly constructed 3-D lithogeostructural model of the project. Work on the 3-D structural model commenced within the Beaupre block that is host to the bulk of mineralization at Perron and was then expanded to the surrounding lithologies. The model will continue to be refined with new structural data from continuing drilling. The program has been designed to focus on three main areas:
- The untested Patten pluton and its contacts with the surrounding volcanics: The prolific gold and VMS bearing Normetal fault continues to the west directly through the Patten pluton, providing the potential for the presence of mineralized structures. The untested Patten fault, which commences in the Normetal volcanic sequence, can also be seen to continue westward into the Patten pluton, following the trend of the Normetal fault. This potential double-up of structures provides excellent targets for mineralization in the area.
- The northwestern areas of the Beaupre block: From analyzing the newly developed and continually improving 3-D structural model, together with existing 2-D structures already outlined from geophysics, the company aims to test the potential for High Grade-zone-like structures in the underdrilled portions of the Beaupre.
- The Normetal South block: The mafic volcanics, which are host to many of the Abitibi's gold deposits, have been largely untested on the Perron property. Several untested gold-in-soil anomalies exist in the block, some in proximity to the same north-south-trending diabase dike that crosscuts the High Grade and Denise zones, which adds another compelling factor for testing them. The company also plans to complete an additional high-resolution drone magnetic survey over the Normetal South block.
Amex also plans to complete an additional high-resolution drone magnetic survey over the mafic volcanics of the Normetal South block, after impressive results were obtained from the same survey type flown over the Beaupre block. Upon completion of the survey, the exploration team plans to add additional structural targets in the South block to the regional drill program.
2025 expansion drill program
The expansion drill program aims to target additional ounces close to surface, resulting in a lower exploration cost while adding ounces to the front end of the existing mine plan. This provides the potential for further optimization to increase production and profitability. The expansion drilling aims to increase the mineralization footprint of multiple zones, namely Gratien, Grey Cat and Denise, both along strike and at depth. Some drilling will also be reserved for the High Grade zone, to upgrade the confidence in the resource, as well as search for any possible extensions in relative proximity to the surface.
Gratien expansion drilling
The designed drill program at the Gratien gold zone aims to:
- Prove continuity between the existing constrained mineral resources;
- Extend mineralization at depth;
- Extend mineralization to the east where an additional pocket of mineralization is found between the Gratien and Denise zones; potential exists to create a multikilometric trend of mineralization, linking the eastern portions of Gratien with Denise West.
Drilling the western extensions of the Gratien zone is planned for the regional program. The potential remains for gold mineralization to continue westward along the Perron fault.
Grey Cat expansion drilling
The designed drill program at the Grey Cat gold zone aims to:
- Expand Grey Cat mineralization to both the east and west close to surface;
- Prove continuity of mineralization between the existing resource wire frames;
- Extend mineralization at depth below existing orebody.
Denise expansion drilling
The designed drill program at the Denise gold zone aims to:
- Expand the Denise West mineralization against the Denise ultramafic intrusion: Drilling from 2024 has suggested that the Denise ultramafic intrusion sits farther to the west than what is currently shown in the geological model, meaning there is additional space for the Denise West mineralization to be expanded westward.
- Expand upon the mineralization: The mineralization continues to the west between the Denise West and Gratien gold zones.
- At Denise East, there exists a fantastic opportunity to add ounces in immediate proximity to surface. There is potential to add an additional pit to the mine plan in this area.
High Grade zone drilling
The drilling to be conducted at the High Grade zone will aim to:
- Increase the level of confidence of the resource through infill drilling: This will upgrade inferred resources from the inferred category to the measured and indicated categories.
- Test for any possible lateral expansion of mineralization in the top 750 metres of the zone.
Qualified person and quality assurance/quality control
Jerome Augustin, PGeo, PhD (OGQ 2134), an independent qualified person as defined by Canadian National Instrument 43-101 standards, has reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Mr. Augustin. Core logging and sampling are completed by Laurentia Exploration.
The qualified person has not completed sufficient work to verify the historical information on the property or neighbouring projects, particularly in regard to historical drill results. However, the qualified person believes that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the property but may not be representative of expected results.
About Amex Exploration Inc.
Amex Exploration has made significant gold discoveries on its 100-per-cent-owned high-grade Perron gold project located approximately 110 kilometres north of Rouyn-Noranda, Que., consisting of 117 contiguous claims covering 4,518 hectares. The project is well serviced by existing infrastructure, on a year-round road, 10 minutes from an airport and just outside of the town of Normetal (approximately eight km). In addition, the project is in close proximity to a number of major gold producers' milling operations. The project host both bulk tonnage and a high-grade gold style mineralization. Since January, 2019, Amex has intersected significant gold mineralization in multiple gold zones and discovered copper-rich VMS zones.
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