Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Amex Exploration has released drill results from the Eastern Gold zone (EGZ) and Grey Cat zone (GCZ) at its wholly owned Perron property in Quebec.
At the EGZ, Amex drilled a wedge hole off of a prior intercept; this drillhole returned 19.7 metres of 5.36 g/t gold starting at 805 metres downhole and includes higher-grade intervals.
According to the company, this is the widest intercept to date from a higher-grade portion of the EGZ – the HGZ, which intersected a new gold-bearing vein within this area.
GCZ intercepts include 2 metres of 11.41 g/t gold, 15.4 metres of 1.18 g/t gold as well as 18 metres of 1.04 g/t gold. This drilling, completed at 25 metre sections, was aimed at defining a near-surface portion of this gold zone.
“We are excited at the prospect of an increased width at the HGZ and look forward to continuing to test this hypothesis going forward as we drill deeper on the system,” Jacques Trottier, the company’s executive chairman, said in a release.
“In addition, our Grey Cat zone continues to deliver, with several broad near-surface intercepts reported that help to define a continuous lens of gold mineralization.”
The company has traced gold mineralization over a 3-km-long corridor at Perron with over 15 km of structural prospective strike still unexplored.
(This article first appeared in the Canadian Mining Journal)
Comments
Bruce Barron
I would like to know, if possible, some of the names of mines in Quebec. I can never find them and I know that there are many active and highly productive mines in Quebec. I have no trouble with TSE, NYSE, OTCMKTS or the small caps. I get a tremendous amount of information from this website.
Respectfully,
Bruce Barron