A resource update for Amex Exploration’s (TSXV: AMX) Perron gold project in Quebec’s Abitibi region raises contained gold almost three-fold in the measured and indicated categories over the previous estimate. Shares gained 7%.
Open pit and underground stope constrained resources now total 8.18 million measured and indicated tonnes grading 6.13 grams gold per tonne for 1.61 million oz., Amex reported Wednesday.
The grade rises by almost half over the estimate in a preliminary economic assessment (PEA) from last September. Inferred resources total 5.04 million tonnes at 4.31 grams gold for 698,000 ounces. Located near the town of Normétal, Perron is about 730 km northwest of Montreal.
“This estimate demonstrates the team’s ability to identify and grow the Perron project into a world class gold asset,” president and CEO Victor Cantore said in a release. “Given the quality of the project, we…
