MONTREAL, QUEBEC–(Marketwired – Aug. 31, 2015) – Amex Exploration Inc. (TSX VENTURE:AMX) is pleased to announce that it has just started a new phase of drilling on its 100% owned Cameron gold property.
This new phase of drilling is in fact a follow up of the previous drilling completed in late 2013 (see PR of November 26, 2013) and in early 2011 where a gold-bearing shear zone, located in a mylonitic intermediate volcanic unit, is intersected returning high grade values, for example, 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 (see PR2014-04-09).
Following a detailed review and interpretation of all of the previous phases of work, including detailed geophysics and two phase of drilling, this new campaign is prepared by Jacques Marchand, P. Eng., an independent consulting geological engineer. This work has lead to a 3D structural model interpretation of the mineralized high grade gold structure that will be tested by 6 holes totalling about 1,000 meters of drilling that should be completed by October.
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 5231 hectares. Geologically, it is covered by volcano sedimentary rocks of the Abitibi Sub province which consists mostly of basaltic to andesitic rocks with several sheared / mylonitic intermediate volcanic sections in the drilling 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.
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, has approved the technical information reported in this news release.
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.
President and Chief Executive Officer