What's Happening?
Amex Exploration, a company listed on the TSX Venture Exchange under the symbol AMX, has announced significant gold intercepts from its ongoing grade control drilling program at the Champagne Zone within the Perron Gold Project in Québec. The company reported
intersecting 110.05 grams per tonne (g/t) of gold and 7.20 g/t of silver over a 2.15-meter span, with a notable section yielding 233.96 g/t of gold and 14.90 g/t of silver over 1 meter at a depth of approximately 145 meters. Additional findings include 52.36 g/t of gold and 8.90 g/t of silver over 0.50 meters at about 130 meters depth. The drilling program aims to refine drill spacing to enhance resource measurement and indication within the existing block model, which is crucial for the planned bulk sample. The company is processing samples from ongoing drilling, with further results pending laboratory analysis and quality assurance validation.
Why It's Important?
The high-grade gold intercepts reported by Amex Exploration underscore the potential economic viability of the Champagne Zone, which is characterized by its high-grade mineralization and near-vertical geometry. This configuration is advantageous for underground mining, potentially reducing operational costs and increasing profitability. The results bolster the company's strategic focus on the Champagne Zone as a key component of its phase one operations at the Perron Project. The successful development of this project could significantly impact the local economy in Québec, providing job opportunities and contributing to the region's mining industry. Additionally, the findings may attract further investment and interest in Amex Exploration's broader land package, which spans 501.08 square kilometers.
What's Next?
Amex Exploration is on track to complete its Feasibility Study for phase one developments at the Perron Project by the end of the first quarter of 2026. This study will focus on toll milling operations, which are essential for processing the extracted ore. As the company continues its drilling program, further results are expected to be released following laboratory analysis and quality assurance validation. These developments will likely influence the company's strategic decisions and potential partnerships or investments. Stakeholders, including investors and local communities, will be closely monitoring the progress and outcomes of these initiatives.
