Amex Exploration (AMX.V) has released the assay results from four holes drilled on the QF Zone of the Perron project in Québec. Most of the attention was drawn by hole PEX-22-118 which encountered 14.8 meters of 1.7% copper-equivalent, consisting of 0.92% copper, 1.60% zinc, 0.08 g/t gold and 12.26 g/t silver at a vertical depth of approximately 480 meters. The true width of this interval is estimated at 10.93 meters which is still very good. The broader 14.8 meter interval also contains a narrower but higher grade zone of 3.60 meters (2.66 meters true width) with an average copper-equivalent grade of 3.58%, including 3.10% of copper while some of the narrower intervals within that 3.60 meters carry grades of up to 11.2% copper-equivalent.
Hole 118 was clearly the best of the four holes and although all holes did intersect copper(-equivalent) mineralization of some sort, the mineralized widths were pretty narrow. Not only was hole 118 the best of the four, it also is the hole with the largest interval of VMS-style mineralization on the QF zone with an interesting transition from a copper-rich zone followed by high zinc values just a few meters deeper down-hole with for instance 0.50 meters and 0.70 meters containing 19.9% zinc and 14.25% zinc.
The next step for the QF Zone will be to conduct additional borehole EM geophysics to further define the mineralized system and follow up on the good results in hole 118.
Disclosure: The author has a long position in Amex Exploration. Amex is a sponsor of the website. Please read our disclaimer.
