Amex Exploration (TSXV:AMX) Discovers High-Grade Copper, Silver, Zinc, and Gold Mineralization at Perron Project in Quebec

Figure 1: Geological map of the Normétal Volcanic Complex, with…

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Figure 1: Geological map of the Normétal Volcanic Complex, with the location of the Perron Property and the QF Zone. Modified from Lafrance et al., 2000. Source: Amex Exploration

Amex Exploration (TSXV:AMX) has announced assay results from a metallurgical hole drilled down dip in the QF Zone at its 100% owned Perron Gold Project in Quebec. The hole reported 3.43% Copper, 34.00 g/t Silver, 1.80% Zinc, and 0.30 g/t Gold over 20.80 m, with a secondary mineralized lens also returning 1.19% Copper, 7.44 g/t Silver, 0.15% Zinc, and 0.11 g/t Gold over 15.70 m.

Jacques Trottier, Chairman of the Board of Amex Exploration, commented in a press release: “While we do not plan to include the QF Zone in our upcoming resource, the metallurgy is still very important to us as this zone represents additional upside to the project. We have only just begun to define this target which is looking very similar to the past-producing Normétal Mine. The main important difference between our deposit and the historical mine, is that our system is more copper-rich rather than more zinc-rich.”

The QF Zone, a recent discovery by Amex, is a volcanic massive sulfide (VMS) body situated approximately 200 m northeast of the Team Gold Zone and 5 km from the past-producing Normétal Mine. The Normétal Mine, which lies within the same geological unit as the QF Zone, produced over 10.1 Mt of 2.24% Cu, 5.41% Zn, 0.53 g/t Au, and 44.45 g/t Ag during its operational history.

Assay results for the metallurgical hole were obtained from ALS Laboratories in Val d’Or, and metallurgical test work on the composites is set to begin, with results expected in the coming months.

The Perron Gold Project, located approximately 110 kilometres north of Rouyn-Noranda, Quebec, consists of 117 contiguous claims covering 4,518 hectares. The project is well-serviced by existing infrastructure, situated on a year-round road, 10 minutes from an airport, and just outside the town of Normétal (~8 km). Additionally, the project is in close proximity to several major gold producers’ milling operations.

Since January 2019, Amex Exploration Inc. has intersected significant gold mineralization in multiple gold zones and discovered copper-rich VMS zones at the Perron Project. The project hosts both bulk tonnage and high-grade gold style mineralization.

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Figure 2: Geological map displaying the location the QF Zone along the Normétal Mine Sequence at Perron with the collar location of today’s drillhole. Source: Amex Exploration

The discovery of high-grade copper, silver, zinc, and gold mineralization at the QF Zone further highlights the potential of the Perron Project. The proximity of the project to the past-producing Normétal Mine and its location within the same geological unit suggests the possibility of similar mineralization and tonnage.

As Amex Exploration Inc. continues its exploration efforts at the Perron Project, the company aims to further delineate the extent and grade of the mineralization at the QF Zone and other prospects within the project area. The upcoming metallurgical test work results will provide valuable insights into the recoverability and processing characteristics of the mineralization encountered in the QF Zone.

The Perron Project’s location, with its access to existing infrastructure and proximity to major gold producers’ milling operations, positions Amex Exploration Inc. well for potential future development should the exploration results continue to be favorable.

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