Amex to consolidate multiple Perron gold zones

Amex Exploration (TSXV:AMX) is continuing to advance its geological understanding on the Perron Project in Quebec, Canada after further drilling identified similarities between the Team Zone, 210, and E3 gold zones, making it ‘logical’ to combine the three.

Amex, which has a C$193.797 million market capitalisation, says the consolidated gold zones will retain the name ‘Team Zone’, which creates one larger mineralised corridor straddling the Normétal fault on the northeastern side of the Beaupré Block.

With 14 known zones across the Perron project, the company’s decision is expected to improve simplicity and save time in the ongoing modelling process and drill data compilation. 

Amex Exploration Executive Chairman Jacques Trottier says the decision is an important milestone for the project. 

“The larger consolidated Team Zone now covers a strike length of approximately 1.4km and remains open to the northwest, southeast and at depth,” Trottier says. 

“Amex plans to add significant meterage to the Team Zone as we believe we have only just begun to unlock its value.”

Recent results posted today Australia time (26 April 2024) from the 210 Gold Zone include hole PE-22-586 returning 11.5m of 4.57g/t Au, including 3m of 10.72 g/t Au at a vertical depth of 115m.

Other results include PE-23-680 returning 7.30m of 4.97g/t Au, including 0.50m of 54.12 g/t Au at a vertical depth of 35 m in the Team Gold Zone.

Amex Exploration is focused on making gold discoveries at its wholly owned Perron project 110km north of Rouyn-Noranda, Quebec. The project consists of 117 contiguous claims covering 4,518 hectares. 

Write to Adam Drought at Mining.com.au

Images: Amex Exploration 
Author Image
Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.