Amex Exploration Inc.

Published : April 09th, 2014

Amex Hits by Drilling High Grade Gold Zone Returning 7,37 g/t Au Over 1.4 Meters at Cameron, Abitibi

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Amex Hits by Drilling High Grade Gold Zone Returning 7,37 g/t Au Over 1.4 Meters at Cameron, Abitibi

MONTREAL, CANADA--(Marketwired - Apr 9, 2014) - Amex Exploration Inc. (TSX VENTURE:AMX) is very pleased to announce that it has just received the final results of its latest drilling campaign on its 100% owned Cameron gold property confirming the presence of a new mineralized high grade gold structure with values of up to 7,37 g/t Au over 1.4 meters located within a broader lower grade zone that returned an average value of 1,27 g/t Au over 9,5 meters in hole CA2013s04.

This phase of drilling, that was initiated in late 2013 (see PR of November 26, 2013) and consisted of 5 drill holes totalling about 1,278 meters, is in fact a follow-up of Amex drilling done in early 2011 where a gold-bearing shear zone located in a mylonitized felsic volcanic unit was intersected. Indeed, hole CA2011s02 returned intersect of 0,93 g/t Au over 9,0 meters including a higher grade sub-intersect of 4,16 g/t Au over 1,5 meters. This hole was actually located just behind trench 91-13 done by SOQUEM that was channel sampled by Amex in late 2010 returning a gold content of 1,17 g/t Au over 2,9 meters (see PR of January 6th, 2011).

Table 1
Cameron Gold Project
2014 Drilling Intercepts
Hole_No From To Width Au g/t
(m)
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 pattern of this latest phase of drilling was proposed by independent QP Jacques Marchand, P. Eng. and was designed to better understand the orientation and continuity of this new gold bearing structure. Out of the 5 drill holes, 3 holes (Holes CA2013s03, 04 and 05) have intersected the structure with significant gold values and demonstrate that this structure has a width of about 7,5 to 9,5 meters, is oriented ENE-WNW and is recognised over a strike length of at least 200 meters (see table 1 for all drill results).

This structure appears from surface to a minimum depth of at least 125 meters and is open in all directions. The two other holes (located to the West of Hole CA-11-P2) have missed the structure having their collar located just to the north of the now know mineralized structure.

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 13 claims for a total area of 731 hectares. Geologically, it is covered by volcano sedimentary rocks of the Abitibi Sub province which consists mostly of basaltic to andesitic rocks with five felsic horizons present in the trench area. The property is strategically located near the intersection of the Cameron and Chieftain regional deformation corridors and is cut by the regional NE trending Franquet and Wedding faults. To the northwest, shear-related gold mineralization has been discovered along the NW Cameron deformation corridor at the Flordin deposit with 1997 estimated reserves of 815 500T @ 5.1 g/t Au and at the Cartwright deposit with 83 000T @ 10.4 g/t Au.

The management of Amex is very pleased with the identification of this new high grade gold- bearing structure at Cameron and is actually preparing an additional work program to better evaluate its full potential. The timing and the emplacement of this next phase of work will be announced as soon as it will be approved by Amex management.

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.

Read the rest of the article at finance.yahoo.com

Amex Exploration Inc.

CODE : AMX.V
ISIN : CA30214Q1019
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Amex Expl. is a gold exploration company based in Canada.

Amex Expl. holds various exploration projects in Canada.

Its main exploration properties are MOLEON, NORMETAL and PERRON in Canada.

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Financings of Amex Exploration Inc.
11/1/2013Closes $509,200 Private Placement
5/15/2013Closes $422,000.00 for First and Second Tranche Private Plac...
5/10/2013Closes $367,000 Private Placement
10/1/2012Provides Further Details Regarding its Private Placement
9/28/2012Closes a $410,050 Private Placement
9/19/2012Closes a $400,000 Private Placement
4/7/2011Closes Additional $250,000 Private Placement
3/22/2011Closes $250,000 Private Placement
Nominations of Amex Exploration Inc.
1/15/2013Nominates Mr. Pierre Carrier as Chief Operating Officer and ...
Project news of Amex Exploration Inc.
8/30/2013(Perron)Drilling has Started on the Perron Gold Property
6/21/2013(Perron)Enters Into an Option Agreement for the Perron Property and ...
3/19/2013(Perron)High Grade Polymetallic Massive Sulfide Confirmed at Perron ...
3/7/2011(Cameron Quebec)Confirms by Drilling New Gold Structure at Cameron Property
Corporate news of Amex Exploration Inc.
6/6/2016AMEX APPOINTS MR. VICTOR CANTORE AS NEW MEMBER OF ITS BOARD ...
5/16/20162016 WINTER DRILLING PROGRAM COMPLETED AT AMEX’S PERRON PROP...
5/13/2016AMEX CLOSES $405,000 PRIVATE PLACEMENT
1/26/2016Agnico Eagle to Begin Winter Drilling at Amex's Perron Prope...
12/29/2015EXTENTION OF NEW POLYMETALLIC MINERALIZATION IN THE NORMETAL...
12/29/2015AGNICO EAGLEAND AMEX EXPLORATION ADMENDINGTHE PERRON OPTION ...
12/22/2015Agnico Eagle and Amex Exploration Admending the Perron Optio...
12/16/2015Extention of New Polymetallic Mineralization in the Normetal...
9/8/2015Drilling of the Normetal Mine Horizon Resumes at Amex's Perr...
8/31/2015Amex Starts New Drilling Phase at its Cameron Gold Project A...
1/8/2015New Drill Hole Intercept Returns 4,55 g/t Au, 20,9 g/t Ag, 0...
12/1/2014AMEX CLOSES $62,400 PRIVATE PLACEMENT
11/27/2014Amex Closes $62,400 Private Placement
11/24/2014AMEX CLOSES $419,600 PRIVATE PLACEMENT
11/21/2014Amex Closes $419,600 Private Placement
11/10/2014AMEX REVIEWS STRATEGIC ALTERNATIVES FOR ITS MEXICAIN OPERATI...
10/28/2014Amex Reviews Strategic Alternatives for its Mexicain Operati...
8/13/2014Amex Starts Follow-Up Drilling on the High Grade Gold Discov...
7/8/2014Amex Follow Up With 3D Geophysics on the High Grade Gold Zon...
6/25/2014Amex Exploration Inc.: Agnico Eagle Mines Made the Second Ca...
4/29/2014Amex Increases its Land Position at Cameron, Abitibi
4/9/2014Amex Hits by Drilling High Grade Gold Zone Returning 7,37 g/...
7/15/2013Creates a Technical Advisory Committee
7/2/2013Agnico Eagle Makes a Private Placement in Amex Exploration a...
1/17/2013(Perron)Follow-Up Drilling Starts at Perron Gold-Polymetallic Zone N...
9/20/2012-Bowmore Intersect High Grade Gold-Silver Veins at Chivas Pr...
7/7/2011Receives Confirmation From Bowmore on Continuation of Option...
5/17/2011Confirms Important Dessiminated Polymetalic Mineralized Zone...
4/13/2011Receives Confirmation from Bowmore on Continuation of Option...
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