Nov 27 2013
Amex Exploration Inc. is pleased to announce that it has just started a new drilling campaign on its 100% owned Cameron gold property located in Northern Québec.
The property is located at about 25 kilometres to the NE of Lebel-sur-Quévillon in the north-western part of Quebec, and consists of 13 claims for a total area of 731 hectares.
This new phase of drilling consists of 5 drill holes totalling about 1,250 meters that is in fact a follow-up of Amex drilling campaign done in early 2011 where a gold-bearing shear zone located in a mylonitized felsic volcanic unit was intersected. Indeed, hole CA-11-P2 returned an intersect of 0,93 g/t Au over 9,0 meters including a higher grade sub-intersect of 4,16 g/t Au over 1,5 meters. This hole was actually located just behind SOQUEM old trench 91-13 which was resample by Amex by channel sampling in late 2010 returning anomalous gold content with values of 1,07 g/t Au over 2,3 meters (see PR of September 8th 2010).
Geologically, the property is covered by volcano sedimentary rocks of the Abitibi Sub province which consists mostly of basaltic to andesitic rocks with five felsic horizons present in the trench area. The property is strategically located near the intersection of the Cameron and Chieftain regional deformation corridors and is cut by the regional NE trending Franquet and Wedding faults. To the northwest, shear-related gold mineralization has been discovered along the NW-SE Cameron deformation corridor at the Flordin deposit with reserves of 815 500T @ 5.1 g/t Au and at the Cartwright deposit with 83 000T @ 10.4 g/t Au (ref Roy et al. ET-97-02,1997,27 p.).