Quebec exploration company trades up on drill results
Quebec exploration company Amex Exploration (CVE:AMX) announced today a high grade gold intersected on gratien gold zone at Perron.
Drill results included 16.48 g/t Au over 14.6 m including 315.4 g/t Au over 0.5 m and 102.96 g/t Au over 0.7 m.
The company was up 8.9% to $1.23 a share as of 4 p.m. ET.
Victor Cantore, CEO of Amex Exploration, commented in a news release.
"Our Perron property, which is of district-scale potential, continues to return very high grade gold intercepts across the project. The results from the Gratien Zone indicate a very robust mineralized gold system. We look forward to continuing to define the potential of the known gold zones on the project, as well as regional exploration of undrilled structures to the east, west, and north of the known 2.4 km highly mineralized corridor. The Perron property hosts two faults each measuring 7 km which are dramatically underexplored. The exploration upside potential here is incredible."