Amex Exploration Files Updated Resource Estimate for Perron Gold Project

Amex Exploration Inc. has officially filed an updated National Instrument 43-101 compliant technical report detailing an updated Mineral Resource Estimate (MRE) for its 100%-owned Perron Gold Project in Quebec. The report, with an effective date of May 21, 2025, was prepared by P&E Mining Consultants Inc.

The updated estimate indicates total measured and indicated resources of 1.615 million ounces (Moz) of gold at an average grade of 6.14 grams per tonne (g/t Au), alongside inferred resources of 698,000 ounces (koz) at 4.31 g/t Au. Notably, the Champagne Zone alone contains 831 koz of measured and indicated resources at a significantly higher grade of 16.20 g/t Au.

These figures represent a substantial increase, with measured and indicated resources rising by 172% compared to the previous 2024 estimate, and the average grade seeing a 43% improvement. The estimation considers a selective narrow vein mining approach. Amex Exploration also highlighted the potential for further resource expansion in all directions.

The company has significantly expanded its land package surrounding the Perron project from 45.6 square kilometers (km²) to 197.5 km². This enlarged property, located about 110 kilometers north of Rouyn-Noranda, Quebec, is prospective for high-grade gold and volcanogenic massive sulphide (VMS) deposits and benefits from nearby infrastructure.