In January, Amex Exploration (AMX.V) released additional assay results from its High Grade Zone portion of the Perron gold project in Quebec. The recently disclosed holes were drilled on both the East and West portion of the HGZ (which are separated from each other by a diabase) while some of the holes also targeted additional high-grade mineralization at depth.
And Amex didn’t disappoint: holes PE-22-524W5-7 were drilled to a depth of approximately 1,200 meters below surface and all three holes encountered high-grade mineralization with 14.8 meters of 7.4 g/t gold, 1.20 meters containing 76.4 g/t gold (within a wider interval of 3.85 meters of 24.34 g/t gold but the remaining 2.65 meters contain gold values below 1 g/t) and 1.8 meters containing 45.66 g/t gold.
‘Mission Accomplished’ when it comes to extending the high-grade mineralization at depth as some of the holes drilled to a vertical depth of 1,200 meters still contain high-grade and in some case multi-ounce material. Deep holes aren’t cheap but Amex Exploration has been able to use wedges and directional drilling to rapidly improve its understanding of what’s a kilometer below the surface.
Disclosure: The author has a long position in Amex Exploration. Amex is a sponsor of the website. Please read our disclaimer.
