Amex Exploration

Amex Exploration

Amex Exploration

Website: www.amexexploration.com
Primary ticker: TSXV:AMX, FRA:MX0, OTCQX:AMXEF
Stage of development: Exploration
Commodity: Gold
Project to promote: Perron Project
Project location: Canada
Corporate Presentation: Click Here
Corporate video: Click here

Live financials

Cash: CAD20M
Debt: N/A

Major shareholders:
Eric Sprott – 13.3%
Commodity Capital – 8%
Quebec Institutions – 4%
Other institutions 25%
Management Ownership – 13%

Amex Exploration (TSX-V: AMX, OTCQX: AMXEF) has made significant high grade gold discoveries on its 100% owned Perron Gold Project located in the mining friendly jurisdiction of Quebec, Canada. The project is well serviced by existing infrastructure, on a year round road, 10 minutes from an airport and just outside the town of Normetal (~8 km). In addition, the project is in close proximity to a number of major gold producers’ milling operations.

To date, Amex has intersected very high-grade and visible gold in three different zones, Eastern Gold Zone, (including the Denise Zone) Gratien Gold Zone and Grey Cat Gold Zone; across the project over ~3 km corridor of gold mineralization. Amex Exploration has also made a new discovery of a new high-grade gold structure approximately 650 metres north-west of the High Grade Zone (HGZ) and 500 metres north-east of the Grey Cat Zone (GCZ).
Recently there was the discovery of a copper rich VMS zone.

The management team has invested their own capital into the company in each financing and is focused on building value for shareholders. Drilling is year-round, and the company is in the middle of a fully funded 300,000 m drill campaign, meaning there are 10 drills at site and investors can expect ample news flow and catalysts throughout the year.

Key investor takeaways
Amex Exploration has made a major high grade gold discovery in a good jurisdiction with all the required infrastructure to build and operate a mine.
Management has a proven track record of success, have significant holdings in the company and are aligned with shareholders.
Will not need to go to market to raise equity in the near term due to its substantial cash position.

View PI Financial Report on 22 September
View IA Securities Report on 9 July
View IA Securities Report on 23 June
View Laurentian Bank Securities Report on 28 April

Management Profile

Kelly Malcolm, VP Exploration
Mr. Malcolm is a Professional Geologist with extensive exploration experience focused on precious metal exploration. He specializes in the integration and interpretation of geological, geochemical, and geophysical data to guide exploration and development activities. He was recently involved in the discovery and delineation of Detour Gold’s high grade 58N gold deposit, and has acted as director, advisor, or management for several public and private mineral exploration companies. He holds a Bachelor of Science Honours in geology and a Bachelor of Arts in economics, both from Laurentian University.


What is your rationale for taking part 121 Mining Investment?

Increase market support and meet new investors.


What recent news would you like to highlight to investors attending?

September 21, 2021 – AMEX DRILLS COPPER RICH VMS MINERALIZATION IN FIRST FOLLOW-UP DRILLHOLE ON THE QF ZONE; INTERSECTS 1.93% COPPER, 0.15% ZINC, 0.28 G/T GOLD AND 14.0 G/T SILVER OVER 8.00 M

September 07, 2021 – AMEX DRILLS 102.07 G/T GOLD OVER 6.10 METRES AND ANNOUNCES ASSAY RESULTS FROM 31 ADDITIONAL DRILL HOLES SIGNIFICANTLY EXPANDING THE HIGH GRADE ZONE VERTICALLY AND ALONG STRIKE

August 09, 2021 – AMEX MAKES COPPER RICH VMS DISCOVERY AT PERRON, INTERSECTS 2.40% COPPER, 0.72% ZINC, 0.27 G/T GOLD AND 22.15 G/T SILVER OVER 7.80 M

July 13, 2021 – AMEX DRILLS LARGE INTERVALS OF NEAR-SURFACE GOLD MINERALIZATION AT DENISE ZONE EXPANDING LATERAL STRIKE TO 450 M AT PERRON, QUEBEC


What are your key goals for the next 3, 6 and 12 months?

3 Months
Continue infill drilling and expansion drilling on key targets on the project

6 Months
Complete an initial NI 43-101

12 Months
Complete preliminary economic study


What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

There was a backup at the assay labs which delayed receiving results but it is now being addressed by more staff returning to work and using multiple labs for assaying.


What do you think makes your company such a compelling investment?

1. Lower risk profile due to high grade gold zones discovered on the project.
2. Substantial news flow as there are 10 drills working on site and fully funded exploration program
3. Low all-in drilling costs of $200/m


 

Analyst Insight – provided by Independent Investment Research