- Amex Exploration (AMXEF, Financial) significantly increases gold resource at Perron Project with 1.615 Moz Measured & Indicated at 6.14 g/t Au.
- The Champagne Zone (formerly High Grade Zone) contributes 831 koz at 16.20 g/t Au, showcasing a 172% increase from previous estimates.
- The project's land size expanded from 45.6 to 197.5 km², opening up additional exploration potential.
Amex Exploration Inc. (AMXEF) has announced a substantial enhancement in its gold resources at the Perron Project, located in Quebec. According to the 2025 Mineral Resource Estimate, the company now has 1.615 million ounces (Moz) of Measured and Indicated Resources at a grade of 6.14 grams per tonne (g/t) gold in 8.183 million tonnes (Mt) of ore, along with 698,000 ounces (koz) of Inferred Resources at 4.31 g/t gold in 5.044 Mt.
Notably, the Champagne Zone, previously known as the High Grade Zone, is home to 831 koz of Measured and Indicated Resources with an impressive grade of 16.20 g/t gold in 1.594 Mt. This represents a remarkable 172% increase in Measured and Indicated Resources over the 2024 estimate, with a concurrent 43% improvement in grade.
The company plans to complete an updated Preliminary Economic Assessment (PEA) later in 2025, leveraging the project's excellent infrastructure and high-grade nature. With the expansion of its property from 45.6 km² to 197.5 km², Amex Exploration aims to capitalize on the additional exploration potential this brings.
Amex's Perron Project stands out with metallurgical tests revealing a gold recovery rate of up to 99% in the Champagne Zone, and better than 95% recovery in other zones such as Denise, Team, Gratien, and Grey Cat. The project benefits from robust infrastructure including road access, proximity to an airport, and nearby processing facilities, which will support future development and exploration efforts.
