Amex Starts Follow-Up Drilling on the High Grade Gold Discovery at Cameron, Abitibi
August 13, 2014 (Source: Marketwired) — Amex Exploration Inc. (TSX VENTURE:AMX) is very pleased to announce the beginning of a 3,000 meter diamond drilling campaign on its 100% owned Cameron gold property at the location of the new mineralized high grade gold structure that was identified in holes CA2013s03 to CA2013s05, including an intercept of 1.4 meters at 7.37 g/t Au in hole CA2013s04 (see PR of April 9, 2014).
This new 7-hole drill program targets 250 meters of potential lateral extensions of the gold mineralisation identified by previous drilling at depths respectively of 200 and 250 meters. The drill grid pattern is in staggered row 100m laterally by 50m perpendiculars and 50m deep. The drilling campaign also covers part of an interpreted structure outlined by the IPower 3D geophysical survey recently executed on the property (see PR of July 8, 2014).
Jacques Trottier, PhD, President and CEO of Amex quotes: “Even if the global juniors market is going through very difficult times, we still are committed to give our shareholders the best we can for their investment and we are very enthusiastic to reinitiate drilling work on this new discovery at Cameron. The fact that the gold mineralization (which is associated with a pyritized potassic altered zone located within a chloritized andesite unit) seems to be associated with a IPower 3D geophysic anomalies that combines a high resistivity anomaly sitting very next to a high chargeability anomaly gives us high expectation to encounter similar or even better gold mineralization in this new phase of drilling”.
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 5,230.2 hectares.
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.
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Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>