Amex Exploration: Talking About 'Near-Term' Production With A Preliminary Economic Assessment

2025-06-04 18:05:32 ET

Summary

• Amex is an early-stage mineral exploration company focused on the Perron Property located on Quebec's side of the Abitibi greenstone belt.
• In January 2024, Eldorado Gold announced a CAD$15 million strategic investment in Amex. With a 9.9% interest, Eldorado became Amex's second-largest shareholder, just behind Eric Sprott at ~12%.
• After approximately 600,000 meters of drilling, the Perron Property is now estimated to host 1.6 million ounces of measured and indicated gold at an average grade of 6.14 g/t.
• Amex's CEO mentioned that the company was moving towards 'near-term production'. I was surprised to find out that the company's plans seem entirely based upon a PEA.

Description

Amex Exploration ( AMX:CA ) is an early-stage mineral exploration company focused on the Perron Property located on Quebec's side of the Abitibi greenstone belt . In recent weeks, Amex completed the strategic acquisition of the Perron West Property , an extensive land package directly adjacent to the Perron Property. As a result, Amex's mining claims now cover 19,752 hectares, which represents a sharp increase versus the 4,560 hectares covered before the transaction....

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