Amex Exploration is focused on its 100% owned Perron Gold Project in Quebec, Canada. The Perron Eastern Gold Zone (EGZ) was discovered in December 2017. The Project is well serviced by existing infrastructure being located about an hour north of Rouyn-Noranda, on a year round road, 10 minutes from an airport and just outside the town of Normetal. In addition, the project is in close proximity to a number of major gold producers’ milling operations. Amex has a tight share structure of 70.2m shares fully-diluted. Eric Sprott and Commodity Capital are strategic shareholders and Management holds 11%.
Three high grade gold zones (Eastern Gold Zone, Gratien Gold Zone and Grey Cat Gold Zone) have been identified all are open at depth and in all directions. Drilling on all three zones have returned 100+ g/t gold over variables widths.
To date C$12M has been spent on exploration. Amex recently expanded its 25,000 metre drill campaign to 40,000 m for 2019. This campaign is fully funded and the Company is using two drill rigs.
Amex looks forward to continuing to define the potential of the known gold zones on the project, as well as regional exploration of undrilled structures to the east, west, and north of the known 2.4 km highly mineralized gold corridor. The Perron property hosts two faults each measuring 7 km which are dramatically underexplored.