Amex Exploration Inc. (“Amex or the Company”) (TSX-V: AMX, FRA: MX0, OTCQX: AMXEF) wishes to provide an update on its exploration activities relative to the recent COVID 19 restrictions announced by the Government of Quebec on January 6, 2021 (previously stated January 6, 2020). At this time, Amex Exploration’s mineral exploration activities on its 100% owned Perron property continues with 10 drill rigs in operation. The health and safety of the staff at site, and the community in which the Company operates, is of paramount importance to Amex. The Company continues its operations with strict health measures in place and is adhering to the sanitary recommendations for the mining industry from the public health experts.
In addition, the Company is currently waiting on assay results from 9,000 samples completed in 2020. The Company also wishes to report visible gold has been intersected in drill holes each day since drilling resumed on January 4, 2021 (previously stated January 4, 2020).
Maxime Bouchard P.Geo. M.Sc.A., (OGQ 1752) and Jérôme Augustin P.Geo. Ph.D., (OGQ 2134), Independent Qualified Persons as defined by Canadian NI 43-101 standards, have reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard and Jérôme Augustin. Core logging and sampling were completed by Laurentia Exploration. The quality assurance and quality control protocol include insertion of blank or standard every 10 samples on average, in addition to the regular insertion of blank, duplicate, and standard samples accredited by Laboratoire Expert during the analytical process. Gold values are estimated by fire assay with finish by atomic absorption and values over 3 ppm Au are reanalyzed by fire assay with finish by gravimetry by Laboratoire Expert Inc, Rouyn-Noranda. Samples containing visible gold mineralization are analyzed by metallic sieve. For additional quality assurance and quality control, all samples were crushed to 90% less than 2 mm prior to pulverization, in order to homogenize samples which may contain coarse gold. Core logging and sampling were completed by Laurentia Exploration.
The Qualified Persons have not completed sufficient work to verify the historic information on the Property, particularly in regards to historical drill results. However, the Qualified Persons believe that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.