Amex updates drilling at Perron, shares up
Drill hole PE-19-165 intersected 28.97 g/t Au over 5.60 m at a vertical depth of approximately 660 m. This intercept increases the bonanza grade core of the HGZ on the eastern depth extension by approximately 75 metres, the company said.
Drill hole PE-19-163 intersected 9.48 g/t over 7.70 m at a vertical depth of approximately 650 m.
Amex has now completed two of three large diameter (PQ-size) drill holes in the near-surface portion of the High Grade Zone.
“Abundant visible gold was encountered in both of the completed holes, indicating that large diameter drilling may increase the amount of gold encountered in drilling on this high-grade system,” Amex said in a release.
“These results indicate the continual growth and expansion of the Eastern Gold Zone. We are hitting very high-grade gold at the HGZ as we explore the zone at depth and along strike,” Jacques Trottier, executive chairman of Amex said.
Midday Friday, Amex’s stock was up 7.8% on the TSXV. The company has a C$188 million market capitalization.