Amex Exploration Inc.
TSX VENTURE : AMX

Amex Exploration Inc.

July 25, 2011 09:30 ET

Amex Starts Drilling at Nueva Escondida Property, Mexico

MONTREAL, QUEBEC--(Marketwire - July 25, 2011) - AMEX Exploration Ltd. (TSX VENTURE:AMX) is pleased to announce that it has obtained all necessary permits and license for its drill program at the Nueva Escondida property Sonora Mexico (property optioned to Bowmore Exploration inc (TSX VENTURE:BOW). Amex, as the operator for Bowmore, have retained G4 Drilling Inc. of Val D`Or Qc., to carry out its program. The drill and crew were mobilized on Saturday July 23rd and should be running by tomorrow.

The diamond drill program consist of 6 to 8 holes for approximately 2000 meters targeting mainly the 'Rodeo Zone', a significant gold and silver-zinc-lead mineralized zone that was outlined during recent exploration programs in 2010 and 2011 (see news release dated May 19th, 2011). This zone, located at the contact between a sedimentary rock composed mainly of silicified and dolimitized limestones, and a porphyry intrusive, have been followed over a distance of about one kilometer and its width is yet to be determined. However, surface channel surface sampling previously done had returned sections with values of up to 0.58g/t Au, 116g/t Ag, 3% Pb and 6.6% Zn on 12 meters and was still open (as reported by Amex see press release dated May 17th, 2011). Some of the drill holes are collered to test the extension at depth of this polymetallic zone.

Jacques Trottier, Ph.D, President and CEO of Amex Exploration Inc., stated: "I am pleased to see that the 2010 and 2011 work program corroborated historical work and has yielded positive results by expanding the Rodeo zone. We have been doing a lot of work to be able to identify this mineralized zone that bears some similarities with large low grade Mexican polymetallic deposits such as Penasquito and Camino Rojo of Goldcorp, and drilling it in such a short period of time is encouraging."

Amex and Bowmore management are very enthusiastic to see the results of this first drilling campain ever done on this property located in the foot hill of the prolific Sierra Madre gold belt. First results of this drilling should be available sometime in August and will be published as soon as they come.

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.

The technical information reported in this news release has been approved by Jacques Trottier, geol., Qualified Person as defined by Canadian NI 43-101

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

  • Mr. Jacques Trottier
    President and Chief Executive Officer
    (514) 866-8209