The company believes this dam could potentially add some significant ounces of low tonnage.
Amex Exploration Inc. announced a new gold discovery in a never-before-seen lithology within the Beaupré Block of the Perron project in the Abitibi region of Quebec.
The new zone, called the JT Zone, was found within a felsic to intermediate dike with various levels of sulfide mineralization containing gold grades. The JT Zone is located approximately 750 m northwest of the High Grade Zone and approximately 600 m northwest of the Equipment Zone.
The JT dam is oriented WNW-ESE with a strike length to date of 275 m, sinking towards the east, and a thickness of 60 m. The mineralized dike remains open both to the west and east, as well as at depth.
The felsic to intermediate dike that defines the JT Zone contains variable levels of sulfide mineralization, being primarily pyrrhotite and pyrite with occasional traces of sphalerite.
The mineralogy of the dyke is composed of feldspar, quartz, amphibole, chlorite and biotite. Studies will be completed to better understand the relationship between percentage of sulfide mineralization and gold grades.
Additionally, the JT Zone also comprises gold-bearing quartz carbonate veins that are hosted in the aphanitic rhyolite of the Beaupré Block, highlighting the area’s potential for multiple styles of mineralization. For a complete list of today’s drilling results and collar locations.
Jacques Trottier, CEO of Amex Exploration, said the Beaupré Block has provided Amex with another gold discovery, this time in a lithology never before found on the Perron property. The sulfide-rich dyke does not crop out to the surface and was found northwest of the Team Zone while we conducted follow-up drilling in mineralized extension veins similar in nature to those in the Team Zone.
“We have initiated studies on the style of mineralization in this new area to better understand the nature of the gold emplacement. We hope to analyze the thin sections under the microscope once they are available,” he said.
Trottier indicated that the Amex team believes this mineralized dike could potentially add some significant low-tonnage ounces to the existing resources at Perron. Higher grade ounces can also be found. the quartz-carbonate veins in the aphanitic rhyolite.
“The team is excited to continue drilling in this area and grow our latest discovery,” he said.
Exercise highlights include:
- PEX-24-222 returned 70.50 m of 0.91 g/t Au, including 10.50 m of 2.83 g/t Au at a vertical depth of ~20 to 70 m in the JT Zone
- PEX-24-213 returned 49.50 m of 0.86 g/t Au, including 5.90 m of 2.39 g/t Au at a vertical depth of ~210 to 250 m in the JT Zone
