AMEX Increases to Ten Drills at Perron and Upsizes Drill Program to 300,000 Metres
MONTREAL, CANADA / September 14, 2020 / Amex Exploration Inc. ("Amex or the Company") (TSXV:AMX)(FRA:MX0)(OTCQX:AMXEF) is very pleased to announce its intention to add four more diamond drill rigs to the Perron property, bringing the total drills on site to 10 rigs. Following the $11.7 million financing which closed on September 10, 2020, Amex is increasing its fully-funded and planned drill program from 200,000 metres to 300,000 metres. The additional 4 drills will be delivered to site by the end of 2020, with 2 expected to arrive by mid-October.
Of the 10 drills, the Company intends to assign 6 drill rigs to the Eastern Gold Zone (EGZ), of which 4 drill rigs will continue to define the depth extension of the High Grade Zone (HGZ), targeting mineralization down to depths of 1.5 km vertically, while 2 drill rigs are allocated to the Denise Zone, which is a wide shear-zone hosted system located approximately 50 to 100 m south of the HGZ. The Denise drilling will be targeting mineralization near surface with a goal of defining a bulk tonnage gold deposit. These drill rigs will also test the Denise Zone at depth to define the extent of the gold-bearing mineralized envelope as well as continuing to identify high-grade lenses within the overall Denise system.
- Published: 14 September 2020
- Written by Editor