Amex Exploration (TSXV:AMX) - Systematically Advancing Perron Towards Production

Interview with Victor Cantore, President & CEO of Amex Exploration Inc.

Recording date: 29th November 2023

Advancing a High-Grade Gold District in Quebec

Amex Exploration continues systematically developing their wholly-owned Perron gold project in Quebec, Canada. Located in the world-class Abitibi mining region, the 15 kilometer property lies along the prolific Perron Fault and related mineralized structures. Ongoing drilling by Amex has delineated multiple high-grade gold zones that will form the foundation of an initial resource estimate targeted for publication in Q1 2024.

President and CEO Victor Cantore stresses that “not all ounces are created the same” when highlighting Perron’s exceptional grades exceeding one ounce per tonne gold. These high values captured investor interest despite turbulent market conditions, allowing Amex to raise $50 million in early 2022 to accelerate exploration and development initiatives. The current cash position stands between $14-16 million, providing over a year of financial runway.

In tandem with drilling, Amex has commissioned mining studies to determine optimal development plans and economics. While open pit potential exists closer to surface, Cantore believes the remarkably high underground grades could support priority development via ramp access. An economic assessment will analyze various scenarios to determine which unlocks the most value. Permitting and local infrastructure already in place further strengthen Perron’s prospects as an achievable near-term production asset.

In addition to expanding known mineralization, most of the expansive Perron property remains untested and underexplored. Cantore states that of roughly 20 total kilometers with strong discovery potential, early work has only drilled approximately 4 kilometers. Several conceptual targets generated significant results but have yet to be followed up, presenting substantial upside even beyond the project’s existing scale.

Supported by an experienced technical team, Amex offers a unique exposure amongst junior gold developers. In Canada especially, easily capitalized high-grade projects with demonstrated potential for economic viability represent the optimum investment profile. As gold markets stabilize and risk appetite increases, Perron’s compelling fundamentals position Amex Exploration to deliver outsized returns.

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[JohnJFox]

"Above average"... understatement of the year. High grade gold bonanza!