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Amex, with its partner Agnico Eagle Mines, will be working on the Perron property. Agnico Eagle has to spend $4,500,000 in exploration before June 21, 2017 to acquire 51% interest.

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Message: Amex intersects 14.8 g/t Au over 4.1 meters and 138.7 g/t Au on 1.0 meter in two

Amex intersects 14.8 g/t Au over 4.1 meters and 138.7 g/t Au on 1.0 meter in two

posted on May 31, 2009 04:10PM

Amex intersects 14.8 g/t Au over 4.1 meters and 138.7 g/t Au on 1.0 meter in two zones at Perron
Montreal, May 29, 2008 /CNW Telbec/

Amex Exploration Inc. (AMX: TSX-V) is very pleased to announce the results received to date on the six-holes drilling program totalling 1638 meters on its Perron gold project in Abitibi region of Quebec. The Perron project consists of 100 claims for a total area of 3920 hectares and is located near the village of Normetal.

This drilling campaign which started in March 2008 was a follow-up on interesting gold intersections discovered in previous drilling campaigns but which remained open after being subjected to a recent re-interpretation study. This phase of drilling focused mainly on Zone 3 that appears to be the most regular and continuous of the three mineralized zones encountered in previous drilling campaigns. This zone had returned intersections such as 12.2 g/t Au over 4.0 meters (hole # P-97-04), 8.8 g/t Au over 2.2 meters, (hole # P-97-02) and 8.9 g/t Au over 1.7 meter (hole # P-97-31), with sometimes spectacular high grade intersects such as 78.1 g/t Au over 1.7 meter (hole # P-97-14). The Zone 3 consists of a silicified and carbonated andesite, containing quartz veins and disseminated pyrite, pyrrhotite, sphalerite and chalcopyrite, located near or close to a regional shear structure that separates this alte red andesite, to the south, from a massive rhyolite unit, to the north.

Drill results received so far include important intersections such as 14.8 g/t over 4.1 meters in hole # PE-2008-03, 5.6 g/t over 3.0 meters in hole # PE-2008-05, as well as 13.3 g/t over 0.5 meter and 9.5 g/t over 1.1 meter in hole # PE-2008-06. These mineralized intersections are interpreted as the continuity of the Zone 3 at depth.

Click on the link below to see the table, it shows details on mineralized intersections above 1 g/t calculated from drill analyses received so far.
http://www.newswire.ca/en/releases/a...

Diamond drill core were cut in half along the length at the company's core shack facilities in Normetal, Quebec and one half sent to Expert Laboratory in Rouyn-Noranda Quebec for analysis. AAT was used to analyze for Ag, Cu, Pb and Zn and FA for Au. Standard QA-QC procedures were employed to ensure the quality of the data. A detailed interpretation of the mineralized intersections will be performed once all of the drill analyses are received.

Amex is very encouraged with these results that show clearly that the Zone 3 at Perron is quite continuous over a strike length of at least 700 meters to a depth of at least 200 meters while remaining open both laterally and at depth. Therefore, following those exciting results, the company is planning a major drilling campaign on this property at the earliest
convenience to follow up the resource potential of Zone 3 as well as to re-evaluate other potential zones encountered in this phase of drilling.

This press release was prepared by Jacques Trottier, geo, Ph.D., president of Amex Exploration inc. Nathalie Guillemette, geo, M.Sc. supervised the drilling program as Qualified Person in accordance with 43-101
regulations.

Amex Exploration Inc. is a junior mining exploration company listed of the TSX Venture Exchange whose primary objective is to develop and bring into production viable gold and base metal deposits.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.

For further information: Michel Lemay, (514) 866-8209

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