Amex Exploration Inc has reported results from several holes targeting the near surface portion of the Denise Zone of the Eastern Gold Zone. As a reminder, the EGZ is comprised of two gold zones, High Grade Zone, a continuous high grade gold system which is immediately north of the Denise Zone. Today's results significantly confirm and increase the high metal factor core of the Denise Zone with large intervals of gold mineralization. Of note the large mafic intrusive body to the west of the Denise Zone appears to have a significant control on the size and grade of the intervals identified to date.
Gold mineralization at Denise, hosted by brecciated rhyolite of the Beaupre Block, consists of disseminated anomalous to low grade gold mineralization associated with intense sericite and silica alteration, as well as high grade gold mineralization associated with narrow quartz veins and veinlets.
Hole PE-20-199 intersected 81.50 metres of 1.51 g/t Au at a vertical depth of approximately 190 metres.
Hole PE-20-204 intersected 187.00 metres of 0.66 g/t Au at vertical depth of approximately 180 metres and within this large interval, 35.50 metre of 1.54 g/t Au as well as 3.50 metres of 9.07 g/t Au was intersected.
Hole PE-20-201 intersected 22.00 metres of 0.82 g/t Au at a vertical depth of approximately 180 metres.
Hole PE-20-193 intersected 39.00 metres of 0.84 g/t Au at a vertical depth of approximately 650 metres.
Jacques Trottier, PhD Executive Chairman of Amex said, "We continue to encounter wide near surface gold mineralization at Denise which improves the open pit potential of the entire Eastern Gold Zone. As we advance the definition drilling of the Denise Zone we note that the continuity and consistency of the mineralization is improving. As identified in the Longitudinal Section on Figure 6, a high metal factor core can clearly be seen at the margins of the gabbro. This has significant implications for gold mineralization in this area as well as elsewhere on the property as our understanding of the controls on the gold mineralization at Perron continues to improve."