Financial Wire

Amex Exploration Begins 15,000-Meter Drill Program at Perron West in Ontario

-- Amex Exploration (AMX.V) on Thursday provided derails on it maiden, 15,000-meter drill program on the Perron West Project in Ontario.

The company said that pad construction "progressed well" over the past weeks and that the first of two drill rigs has arrived on site, been mobilized to its first pad and begun drilling.

It added that a second drill rig is expected to arrive on site in coming days, which is in addition to the on-going drill program on the original Perron Project in Quebec.

In a statement the company noted that, among the many targets to be tested, the first drill will begin in the Target Area A, where Amex will test for a potential repetition of a rhyolitic block to the west of the Patten Pluton.

"The rhyolitic Beaupre Block in Quebec is currently host to the vast majority of Amex's mineralization and therefore any repeats of this geological environment represent prime regional exploration targets for the company," it added.

The company's shares were last seen down $0.03 to $4.98 on the TSX Venture Exchange.

Price: $4.98, Change: $-0.03, Percent Change: -0.60%

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