Amex Exploration – Mineral Resources, Preliminary Economics, And Exploration At The Perron Project
“Victor Cantore, President and CEO of Amex Exploration Inc. (TSXV: AMX) (OTCQX: AMXEF), joins me for an introduction into the Company, and the growing resources and recently announced preliminary economics around their 100% owned high-grade Perron Gold Project located in Quebec, Canada; consisting of 117 contiguous claims covering 4,518 hectares.
We start off getting a sense of the years of historical work completed on this project, and how the over 500,000 meters of drilling that led to a Maiden Resource Estimate of 0pen pit and underground stope constrained 594,100 of measured and indicated ounces at 4.28 g/t Au and 1,049,650 of inferred ounces at 3.80 g/t Au. This initial resource at 1.6 million ounces of #gold in all categories is just a snapshot in time, and doesn’t include the 28,000 of additional #exploration meters the team has drilled since the June cutoff, and Victor explains that there other areas of mineralization not previously included in the resource since it required tighter drill spacing density. The main point emphasized was that this was plenty of resource to illustrate the point that this has the potential to be an economic mine, as highlighted in the PEA announced on November 13th, 2024…”