Amex Exploration Inc.
TSX VENTURE : AMX

Amex Exploration Inc.

July 08, 2014 09:30 ET

Amex Follow Up With 3D Geophysics on the High Grade Gold Zone Returning 7,37 g/t Au Over 1.4 Meters at Cameron, Abitibi

MONTREAL, QUEBEC--(Marketwired - July 8, 2014) - Amex Exploration Inc. (TSX VENTURE:AMX) is very pleased to announce that it is presently executing a geophysics survey on its 100% owned Cameron gold property at the location of the new mineralized high grade gold structure that was identified on hole CA2013s03 to CA2013s05. (see PR of April 9,2014)

This geophysic survey will consist of 12 Km of line of IPower 3D configuration done by Abitibi Geophysics of Val-d'Or. This type of geophysics survey is using a specific configuration that combines high sensitivity and resolution resulting in a deeper penetration than conventional DIPOLE-DIPOLE IP survey. This new survey will provide Amex a 3D mapping of the ore structure to verify the ore extension and provide information on the geological structure. This information will permit the company to better plan the next drilling campaign. We anticipate having done the interpretation by end of July, and to start the drilling campaign in August.

The Cameron property is located at about 25 kilometres to the NE of Lebel-sur-Quévillon in the north-western part of Quebec, and consists of 93 claims for a total area of 5,230.2 hectares.

As a reminder we are giving back the results table of our last drilling campaign.

Table 1

Cameron Gold Project
2014 Drilling Intercepts
Hole_No From To Width
(m)
Au g/t
CA2013s01 - - - NSV
CA2013s02 - - - NSV
CA2013s03 126.60 133.30 6.70 0.38
incl 131.50 133.30 1.80 0.96
CA2013s04 172.60 182.10 9.50 1.27
incl 173.80 175.20 1.40 7.37
CA2013s05 171.20 172.50 1.30 1.17

Legend: NSV = No significant value

The drilling campaign and the quality control program is defined and supervised by Jacques. Marchand Eng Geol, The QAQC include insertion of blank, standard or duplicate every 20 samples. The gold value is estimated by Fire Assay at ALS Mineral in Val d'Or. The logging and sampling was realised by Matthieu Picarello Geol.

The Cameron property is located at about 25 kilometres to the NE of Lebel-sur-Quévillon in the north-western part of Quebec, and consists of 93 claims for a total area of 5,230.2 hectares.

Amex Exploration Inc. is a junior mining exploration company listed on the TSX Venture Exchange whose primary objective is to develop and bring into production viable gold and base metal deposits.

Jacques Marchand, P.Eng., who is a Qualified Persons as defined by Canadian NI 43-101, have approved the technical information reported in this news release.

Forward-looking statements:

Except for statements of historical facts, all statements in this news release regarding, without limitation, new project acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; Actual results and future events could differ materially from those anticipated in such statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Jacques Trottier, PhD
    President and Chief Executive Officer
    (514) 866-8209