Amex Exploration Inc. / AMX (TSX)

MontevonZott · 2. Mai 2023

THE MERGER & ACQUISITION LANDSCAPE FOR GOLD EXPLORATION COMPANIES:

Amex Exploration
This leads to the possibility of another acquisition of a gold exploration company, Amex Exploration. The company has drilled over 375,000 metres on its Perron project located in the Greenstone Belt, Québec and reported assay results showing multiple high-grade gold zones. The project is surrounded by producing gold mines, providing the possibility of trucking the ore to a nearby mill to save capital on building one. Amex Exploration has analyst coverage from five securities firms based in Canada, who estimate the future published resource of Amex could be between 3-5 Moz of gold. Taking the estimate of 4 Moz of gold in the ground, at a current market capitalization of US$157.9 million, this puts a value of US$39/oz on the company, making Amex Exploration an attractive target for a gold mining company in the area. More information can be found on their website https://www.amexexploration.com/

https://investingold.ca/2023/0…ld-exploration-companies/

Juergen · 5. September 2023

AMEX REPORTS 87.14 G/T AU OVER 2.30 M INCLUDING 394.41 G/T AU OVER 0.50 M FROM TEAM ZONE AS WELL AS INITIAL DRILL RESULTS FROM N110 GOLD CORRIDOR

Juergen · 12. September 2023

AMEX EXPLORATION ANNOUNCES APPOINTMENT OF TECHNICAL AND MINING ADVISORY TEAM

Juergen · 23. Oktober 2023

AMEX REPORTS HIGH GRADE DRILL INTERSECTS FROM DEPTH EXTENSION OF EASTERN DENISE ZONE AND PROVIDES CORPORATE UPDATE

Highlights include:

PE-23-663 returned 9.50 m of 8.48 g/t Au including 0.50 m of 155.15 g/t Au at a vertical depth of ~600 m;

PE-23-681W1 returned 4.20 m of 29.27 g/t Au including 0.50 m of 236.57 g/t Au at a vertical depth of ~570 m; and

PE-23-621 returned 4.30 m of 12.60 g/t Au including 1.50 m of 32.57 g/t Au at a vertical depth of ~565 m.

Today's drill results are focused on defining and expanding upon the high grade shoot of the main Denise body, as well as some exploratory drilling to the East. Amex has identified a distinct high-grade lens of subvertical mineralization that dips eastward, in a similar fashion to the High Grade Zone. The presence of significant visible gold, and associated multi-ounce assays, indicates the strength of the mineralized system. Amex aims to define this lens as well as explore for addition lenses along the main Denise trend, all of which will add significantly to the overall inventory of mineralization on the Perron project.