Amex Exploration Expands Mineralized Footprint at Perron Project
Montreal, Quebec – Amex Exploration Inc. (TSXV: AMX, FSE: MX0, OTCQX: AMXEF) (“Amex” or “the Company”) is thrilled to share the latest results from its ongoing drill program at the Perron Project, situated in northwestern Abitibi, Quebec. These new findings from drill hole PEG-25-854 have significantly expanded the mineralized footprint of the Central Polymetallic Zone (CPZ) to the west near surface, extending it by approximately 130 meters.
Drill Results Highlight Expansion of the Central Polymetallic Zone
The CPZ is a key area of interest for Amex due to its high-grade polymetallic mineralization, which includes zinc, copper, gold, and silver. The Company’s recent drilling efforts have yielded impressive results, with PEG-25-854 intersecting 1.7 meters of 13.3% zinc equivalent (ZnEq) and 1.6 g/t gold (Au) (see Table 1).
| Depth (m) | Length (m) | ZnEq (g/t) | Au (g/t) | |
|---|---|---|---|---|
| PEG-25-854 | 145.3-147.0 | 1.7 | 13.3 | 1.6 |
Significance of the Expansion
The expansion of the mineralized footprint of the CPZ to the west is a significant development for Amex. This discovery could lead to increased potential for resource growth and further exploration opportunities. The Company plans to continue its drill program to further evaluate the extent of the mineralization in this area.
Impact on Individual Investors
For individual investors, this news could translate into potential gains for those who hold shares in Amex Exploration. As the Company continues to make significant discoveries and expand its mineralized footprint, the value of its stock may increase.
Global Implications
Beyond the impact on Amex shareholders, this discovery could have broader implications for the global mining industry. The expansion of the CPZ could lead to increased production of zinc, copper, gold, and silver, which are essential minerals used in various industries, including construction, manufacturing, and electronics.
- Zinc is used in galvanization, roofing, and paint.
- Copper is used in electrical wiring and plumbing.
- Gold is used in jewelry, electronics, and as a store of value.
- Silver is used in jewelry, electronics, and as a catalyst in industrial processes.
Conclusion
Amex Exploration’s latest drill results from the Perron Project have expanded the mineralized footprint of the Central Polymetallic Zone, potentially leading to increased resource growth and further exploration opportunities. This news could have significant implications for Amex shareholders and the global mining industry as a whole. As Amex continues its drill program, investors and industry experts will be closely watching for further developments.
Stay tuned for updates on Amex Exploration and the Perron Project.
