Amex Strikes Big on Quebec Properties

Amex Strikes Big on Quebec Properties

By: Tomas Ronolski - AllPennyStocks.com News

Wednesday, September 4, 2019

Junior gold investors perked up Wednesday, with the news that Montreal-based Amex Exploration Inc. (TSX-Venture:AMX) unveiled the results of three drill holes from a new discovery known as the Grey Cat Zone (GCZ) on its Perron property in northwestern Quebec.

The GCZ is about 650 metres from the Gratien Gold Zone and lies in between the Eastern Gold Zone and the Gratien, slightly to the north of the regional Perron Fault. 

The new GCZ is a near-surface zone that contains high grade gold mineralization within a broad panel of disseminated gold mineralization with intercepts of up to 26.90 meters grading 3.42 grams per ton (g/t) Au including 134.16 g/t Au over 0.50 metres in hole PEG-19-80.

Wednesday morning’s news release said the GCZ was discovered this summer during Amex’s regional exploration program as Wildcat exploration targets to the northeast of the Gratien Gold Zone, in areas of historic drilling that exhibited anomalous gold mineralization. All three drill holes intersected visible gold mineralization.

Shares in AMX galloped six cents, or 5.7%, to $1.11, on 113,000 shares. 


Copyright © 2019 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon

Other Penny Stock Movers

The Bulls Look Ready To Pounce On This Beaten Up Name
Technicals Appear To Point To New Uptrend For Clean Energy Stock
Amex through Roof on Quebec Gold Find
Melkior Price Take Flight on New Surface Grab Near Timmins


Back to Top