Amex Exploration Inc.: Drilling has Started on the Perron Gold Property
30.08.2013 | Marketwired
![Amex Exploration Inc.: Drilling has Started on the Perron Gold Property](https://www.goldseiten.de/media/goldseiten-news.jpg)
Agnico Eagle has informed Amex that it is planning to execute a 5,000 meters drilling campaign in two phases. According to the 'Option Agreement', exploration work commitment expenditures of $450,000 has to be finalized before the end of December, 2013.
First phase consists of 3 drill holes of about 750 to 800 meters deep each that will be located near the discovery hole PE-2013-03 made by Amex earlier this year. As a reminder, this hole returned an overall grade of 2.19 g/t Au over a core length of 41.4 meters on a first of two zones, including a higher grade sub section of 3.84 g/t Au over 15.2 meters.
The first drill hole of this new phase of drilling is currently underway. After completion, down hole geophysics will be done to help for the location for the second and third drill holes to be done before the end of September. October will be dedicated to make some compilation on the first phase work results and for the planning of the second phase drilling. Second phase will consist of additional drill holes to follow-up on the compilation work and to restart drilling by early November 2013.
Jacques Trottier, PhD, President and CEO of Amex Exploration comments, "We are very pleased that Agnico Eagle has started promptly their work program on the Perron Gold property. We are quite optimistic that this drilling program will confirm the presence of an important gold mineralised body in extension at depth of the mineralisation that Amex encountered in its hole PE-13-03 done earlier this year. This new exploration campaign is just starting and we are truly excited about the outcome".
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.
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
Amex Exploration Inc.
Jacques Trottier, PhD, President and Chief Executive Officer
Amex Exploration: 514-866-8209
Pierre Carrier, Chief Operation Officer
Amex Exploration: 514-866-8209
www.amexexploration.com