- Amex Exploration (AMXEF, Financial) reports a 172% increase in Measured & Indicated Resources and a 43% grade improvement at the Perron Project.
- The Champagne Zone shows high-grade resources of 831 koz at 16.20 g/t Au.
- The company's land package has expanded from 45.6 km² to 197.5 km², enhancing exploration potential.
Amex Exploration Inc. (OTCQX:AMXEF) has filed an updated NI 43-101 Mineral Resource Estimate (MRE) Technical Report for its 100% owned Perron Gold Project in Quebec, Canada. The report, effective May 21, 2025, highlights a substantial increase in resources with total Measured & Indicated Resources at 1.615 Moz with a grade of 6.14 g/t Au, and Inferred Resources of 698 koz at 4.31 g/t Au.
The Champagne Zone, previously known as the High Grade Zone, underscores significant potential with 831 koz of Measured & Indicated Resources at a remarkable grade of 16.20 g/t Au in 1.594 Mt and 128 koz of Inferred Resources at 9.83 g/t Au in 406 kt. This update marks a 172% increase in Measured & Indicated Resources compared to the 2024 estimate, along with a 43% enhancement in grade.
The company's land holdings have significantly expanded from 45.6 km² to 197.5 km², paving the way for further exploration opportunities. This expansion includes the integration of the adjacent Perron West Project, which collectively covers promising ground for high-grade gold and volcanogenic massive sulphide (VMS) mineralization.
Amex Exploration's Perron Gold Project benefits from excellent infrastructure, including road access year-round, proximity to an airport, and closeness to several milling operations owned by major gold producers, underscoring its strategic advantage in exploration and resource estimation.
