Amex Expands Multiple Gold Zones at the Perron Gold Project

2025-01-09

CSE - Canadian National Stock Exchange · Gold · Lithium · Cesium · Rubidium · Copper · Nickel · Platinum · Palladium · Tantalum · Canada

Montreal, Quebec--(Newsfile Corp. - January 9, 2025) - Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF)("Amex" or "the Company") is pleased to announce that recent drilling has continued to expand the footprint of multiple zones at its flagship Perron Project, located in northwestern Abitibi, Quebec. As seen in today's results, the Company continues to find high-grade gold across multiple gold zones, successfully expanding them either along strike or at depth (see Figures 1-8). For a full list of today's drill results and collar locations, please see Tables 1-4 below.

Since obtaining the economic stopes and open pits from the mine plan detailed in the Perron Preliminary Economic Assessment (PEA) (see November 13, 2024 press release), drill hole planning has been further optimized by adding the criteria of adding economically viable ounces to existing zones.

Drill Highlights Include:

Denise Zone:

35.82 g/t Au over 1.20 m, including 60.82 g/t Au over 0.70 m at a vertical depth of ~280 m - hole PE-24-818

Upper High Grade Zone:

69.03 g/t Au over 0.50 m at a vertical depth of ~730 m - hole PE-21-386W2

E2 Zone:

5.75 g/t Au over 2.40 m, including 22.63 g/t Au over 0.50 m at a vertical depth of ~105 m - hole PE-24-819

6.02 g/t Au over 3.00 m, including 10.83 g/t Au over 1.50 m at a vertical depth of ~45 m - hole PE-24-817

Grey Cat Zone:

49.75 g/t Au over 0.60 m at a vertical depth of ~50 m - hole PEG-24-834

Gratien Zone:

5.71 g/t Au over 3.80 m, including 18.15 g/t Au over 0.50 m at a vertical depth of ~230 m - hole PEG-24-826

7.44 g/t Au over 2.00 m, including 12.21 g/t Au over 1.00 m at a vertical depth of ~195 m - hole PEG-24-828

JT Zone

0.61 g/t Au over 162.00 m, including 1.74 g/t Au over 21.00 m at a vertical depth of ~500 m - hole PEX-24-266

0.72 g/t Au over 123.00 m, including 27.12 g/t Au over 1.50 m at a vertical depth of ~20 m - hole PEX-24-265

Jacques Trottier, PhD, Executive Chairman of Amex Exploration commented, "Since receiving the block model from the Mineral Resource Estimate (MRE) and subsequently the mine plan from the PEA, our geological team has been able to significantly refine the drill planning process with the goal of increasing economic ounces on the project within the known gold zones. Today's results, as illustrated in Figures 8 and 9, indicate a strong potential for these intercepts to contribute additional ounces to the mine plan."

Jonathan Gagné, Vice President of Project Development added, "In the recently released PEA, a minimum diluted mining width of 3.7 m was applied along with a cut-off grade of 1.50 g/t representing a metal factor of 5.55 (g/t Au * m). With the exception of the JT Zone where a bulk mining scenario could be envisioned, these high-grade intercepts, have all shown metal factors significantly above this PEA threshold."

Aaron Stone, P.Geo, Vice President Exploration of Amex Exploration added, "The discovery of visible gold in regional drill hole PEX-24-197 is especially exciting. This is the first time we have found visible gold mineralization outside of the Beaupré Block to the west in the basalts. This further demonstrates that gold mineralization at Perron extends beyond the Beaupré Block, highlighting the entire Perron property as having fertile targets for hosting gold mineralization. We look forward to following up on this new regional discovery with our 2025 drill program."

[](https://images.newsfilecorp.com/files/2667/236396_4439104764d0cb4c_002full.jpg)

_Figure 1:Geological map of the Perron Project, showing each of the significant mineralized zones identified to date, with the areas of today's drill results outlined. _

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/2667/236396_4439104764d0cb4c_002full.jpg

[](https://images.newsfilecorp.com/files/2667/236396_4439104764d0cb4c_003full.jpg)

_Figure 2:Geological map of the JT Zone, highlighting today's released holes. _

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/2667/236396_4439104764d0cb4c_003full.jpg

[](https://images.newsfilecorp.com/files/2667/236396_4439104764d0cb4c_004full.jpg)

_Figure 3:Geological map of the Eastern Gold Zone (which includes the High Grade, Denise, E2, and Team Zones), highlighting today's released holes. _

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/2667/236396_4439104764d0cb4c_004full.jpg

[](https://images.newsfilecorp.com/files/2667/236396_4439104764d0cb4c_005full.jpg)

_Figure 4:Geological map of the Gratien, Grey Cat, Alizée and Central Polymetallic Zones, highlighting today's released holes. _

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/2667/236396_4439104764d0cb4c_005full.jpg

[](https://images.newsfilecorp.com/files/2667/236396_4439104764d0cb4c_006full.jpg)

Figure 5:Geological map of Western Perron exploration, highlighting today's released hole. Gold result is hosted in the Beaupré basalt.

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/2667/236396_4439104764d0cb4c_006full.jpg

[](https://images.newsfilecorp.com/files/2667/236396_4439104764d0cb4c_007full.jpg)

_Figure 6:Longitudinal section of the JT Zone, highlighting today's released holes. PEX-24-265 and PEX-24-266 are the highest metal factor holes drilled in the zone to date. _

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/2667/236396_4439104764d0cb4c_007full.jpg

[](https://images.newsfilecorp.com/files/2667/236396_4439104764d0cb4c_008full.jpg)

_Figure 7:Photos of visible gold (VG) from various drill holes in today's press release. High-grade mineralization is represented by a quartz-carbonate-sulfide veins with visible gold. _

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/2667/236396_4439104764d0cb4c_008full.jpg

[](https://images.newsfilecorp.com/files/2667/236396_4439104764d0cb4c_009full.jpg)

Figure 8:Photos of visible gold (VG) from drill hole PEX-24-197 from the regional exploration program in western Perron. Mineralization style shares similar features with other gold mineralization at Perron.

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/2667/236396_4439104764d0cb4c_009full.jpg

[](https://images.newsfilecorp.com/files/2667/236396_4439104764d0cb4c_010full.jpg)

Figure 9:Screenshot from Leapfrog modelling software to illustrate the proximity of recent drill intercepts in the Gratien Gold Zone to existing planned underground stopes from the PEA.

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/2667/236396_4439104764d0cb4c_010full.jpg

[](https://images.newsfilecorp.com/files/2667/236396_4439104764d0cb4c_011full.jpg)

Figure 10:Screenshot from Leapfrog modelling software to illustrate the proximity of recent drill intercepts in the Denise Gold Zone to existing planned underground stopes from the PEA.

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/2667/236396_4439104764d0cb4c_011full.jpg

Table 1:Assay results from Eastern Gold Zone at Perron displaying both core length and estimated true thickness.

| Hole ID | From (m) | To (m) | Core Length (m) | True Thickness (m) | Au (g/t) | Ag (g/t) | Vertical Depth (m) | Metal Factor* (g/t Au*m) | Metal Factor (g/t Au*m) | Zone | | PE-20-186W1 | 621.90 | 622.40 | 0.50 | - | 1.72 | 0.80 | ~580 | 0.86 | - | Upper HGZ | | And | 763.30 | 763.80 | 0.50 | 0.35 | 1.68 | 0.30 | ~695 | 0.84 | 0.59 | Western Denise Zone | | And | 776.80 | 777.30 | 0.50 | 0.35 | 1.87 | 0.10 | ~705 | 0.94 | 0.65 | | | And | 803.70 | 804.70 | 1.00 | 0.71 | 0.78 | 0.10 | ~725 | 0.77 | 0.55 | | | And | 873.00 | 877.60 | 4.60 | 3.41 | 0.78 | 0.37 | ~780 to ~785 | 3.58 | 2.66 | | | Including | 877.10 | 877.60 | 0.50 | 0.37 | 1.31 | 1.70 | 0.66 | 0.48 | | | | And | 895.00 | 896.50 | 1.50 | 1.11 | 1.16 | 0.70 | ~800 | 1.73 | 1.28 | | | PE-21-288W3 | 540.50 | 541.10 | 0.60 | 0.11 | 2.12 | 4.00 | ~460 | 1.27 | 0.23 | Upper HGZ | | And | 806.50 | 807.10 | 0.60 | - | 1.89 | 0.40 | ~755 | 1.14 | - | Unknown Gold Zone | | And | 858.50 | 859.10 | 0.60 | - | 3.70 | 0.60 | ~805 | 2.22 | - | | | And | 1012.50 | 1013.05 | 0.55 | 0.29 | 0.77 | 0.20 | ~940 | 0.43 | 0.22 | Western Denise Zone | | And | 1078.10 | 1081.50 | 3.40 | 1.83 | 0.48 | 0.47 | ~1000 | 1.62 | 0.87 | | | Including | 1078.10 | 1079.50 | 1.40 | 0.75 | 0.52 | 0.10 | 0.73 | 0.39 | | | | Including | 1081.00 | 1081.50 | 0.50 | 0.27 | 1.39 | 0.80 | 0.70 | 0.38 | | | | And | 1106.00 | 1106.50 | 0.50 | 0.27 | 0.60 | 0.30 | ~1025 | 0.30 | 0.16 | | | And | 1125.00 | 1126.10 | 1.10 | 0.59 | 2.30 | 0.45 | ~1040 | 2.53 | 1.35 | | | Including | 1125.00 | 1125.60 | 0.60 | 0.32 | 1.91 | 0.40 | 1.15 | 0.61 | | | | Including | 1125.60 | 1126.10 | 0.50 | 0.27 | 2.76 | 0.50 | 1.38 | 0.75 | | | | PE-21-288W5 | 1057.80 | 1058.80 | 1.00 | 0.39 | 7.24 | 1.20 | ~995 | 7.24 | 2.82 | HGZ | | Including | 1058.30 | 1058.80 | 0.50 | 0.20 | 13.31 | 1.50 | 6.66 | 2.66 | | | | And | 1129.00 | 1129.50 | 0.50 | 0.26 | 0.79 | 0.30 | ~1060 | 0.39 | 0.20 | Western Denise Zone | | PE-21-386W2 | 603.60 | 604.20 | 0.60 | - | 9.68 | 4.80 | ~570 | - | 5.81 | Upper HGZ | | And | 793.70 | 794.20 | 0.50 | - | 69.03 | 1.80 | ~730 | - | 34.52 | Unknown Gold Zone | | And | 933.00 | 946.50 | 13.50 | 6.52 | 1.56 | 0.51 | ~845 to ~855 | 21.06 | 10.17 | Eastern HGZ | | Including | 936.60 | 937.30 | 0.70 | 0.34 | 5.27 | 0.60 | 3.69 | 1.79 | | | | Including | 937.30 | 937.80 | 0.50 | 0.24 | 3.21 | 0.90 | 1.61 | 0.77 | | | | Including | 937.80 | 938.30 | 0.50 | 0.24 | 20.40 | 0.90 | 10.20 | 4.90 | | | | Including | 944.00 | 944.60 | 0.60 | 0.29 | 2.14 | 0.40 | 1.28 | 0.62 | | | | PE-22-524W8 | 1134.10 | 1137.30 | 3.20 | 0.38 | 1.24 | 0.25 | ~1015 | 3.97 | 0.47 | Upper HGZ | | Including | 1136.70 | 1137.30 | 0.60 | 0.07 | 4.90 | 0.90 | 2.94 | 0.34 | | | | And | 1146.50 | 1147.50 | 1.00 | 0.79 | 4.33 | 1.85 | ~1025 | 4.33 | 3.42 | Unknown Gold Zone | | Including | 1276.20 | 1280.00 | 3.80 | 2.81 | 1.81 | 0.69 | ~1115 | 6.86 | 5.07 | Eastern HGZ | | including | 1276.20 | 1276.70 | 0.50 | 0.37 | 11.69 | 1.30 | 5.85 | 4.33 | | | | PE-23-723 | 1030.50 | 1031.30 | 0.80 | 0.63 | 2.14 | 1.10 | ~855 | 1.71 | 1.35 | Eastern Denise Zone | | And | 1057.00 | 1057.50 | 0.50 | 0.40 | 2.01 | 0.40 | ~875 | 1.01 | 0.81 | | | PE-24-803 | 47.90 | 48.40 | 0.50 | - | 2.31 | 3.90 | ~40 | 1.16 | - | Unknown Gold Zone | | And | 192.90 | 194.50 | 1.60 | 1.15 | 0.63 | 0.53 | ~155 | 1.01 | 0.73 | Western Denise Zone | | And | 218.90 | 220.70 | 1.80 | 1.19 | 0.18 | 0.10 | ~190 | 0.32 | 0.21 | Western High-Grade Zone | | PE-24-809 | 111.60 | 112.10 | 0.50 | - | 1.78 | 0.40 | ~100 | 0.89 | - | Unknown Gold Zone | | And | 350.60 | 354.60 | 4.00 | 2.16 | 1.54 | 0.59 | ~305 | 6.15 | 3.32 | Eastern HGZ | | Including | 353.50 | 354.10 | 0.60 | 0.32 | 5.69 | 1.00 | ~310 | 3.41 | 1.82 | | | PE-24-811 | 476.00 | 476.60 | 0.60 | 0.36 | 14.28 | 1.80 | ~405 | 8.57 | 5.14 | Eastern HGZ | | PE-24-805 | 228.00 | 230.45 | 2.45 | 1.45 | 1.25 | 0.10 | ~200 | 3.07 | 1.82 | Western Denise Zone | | And | 280.50 | 282.00 | 1.50 | 0.89 | 0.57 | 1.00 | ~245 | 0.85 | 0.50 | | | And | 293.70 | 296.75 | 3.05 | 1.67 | 0.93 | 0.42 | ~255 | 2.83 | 1.55 | Western HGZ | | And | 303.00 | 303.70 | 0.70 | 0.42 | 6.48 | 1.20 | ~265 | 4.54 | 2.72 | Western Denise Zone | | PE-24-806 | 269.80 | 274.00 | 4.20 | 3.00 | 0.62 | 0.50 | ~220 | 2.61 | 1.86 | Westerm Denise Zone | | And | 279.30 | 280.70 | 1.40 | 0.94 | 0.71 | 0.40 | ~225 | 0.99 | 0.67 | Western HGZ | | And | 282.00 | 283.50 | 1.50 | 1.07 | 0.96 | 0.20 | ~230 | 1.43 | 1.02 | Western Denise Zone | | PE-24-810 | 158.00 | 158.50 | 0.50 | - | 0.58 | 0.20 | ~140 | 0.29 | - | Unknown Gold Zone | | And | 337.00 | 340.00 | 3.00 | - | 2.07 | 0.10 | ~295 | 6.22 | - | | | And | 352.80 | 353.55 | 0.75 | 0.52 | 1.13 | 1.30 | ~305 | 0.85 | 0.59 | Denise Zone | | And | 387.50 | 390.10 | 2.60 | 1.65 | 0.63 | 0.12 | ~335 | 1.64 | 1.04 | Western HGZ | | PE-24-812 | 300.40 | 301.90 | 1.50 | - | 0.50 | 0.10 | ~275 | 0.75 | - | Unknown Gold Zone | | And | 401.00 | 402.00 | 1.00 | 0.56 | 1.15 | 0.60 | ~365 | 1.15 | 0.64 | Denise Zone | | And | 423.80 | 432.90 | 9.10 | 4.73 | 0.66 | 0.28 | ~380 to ~390 | 6.04 | 3.14 | Western HGZ | | Including | 423.80 | 424.70 | 0.90 | 0.47 | 0.95 | 0.90 | 0.86 | 0.45 | | | | Including | 431.95 | 432.90 | 0.95 | 0.50 | 4.51 | 0.50 | 4.28 | 2.26 | | | | PE-24-814 | 115.50 | 116.50 | 1.00 | | 0.98 | 1.50 | ~80 | 0.98 | - | E2 Zone | | PE-24-815 | 123.00 | 123.60 | 0.60 | - | 12.79 | 12.80 | ~95 | 7.67 | - | Upper HGZ | | PE-24-817 | 61.50 | 64.50 | 3.00 | - | 6.02 | 1.25 | ~45 | 18.06 | - | E2 Zone | | Including | 63.00 | 64.50 | 1.50 | - | 10.83 | 2.20 | 16.25 | - | | | | And | 144.00 | 145.00 | 1.00 | - | 0.71 | 0.10 | ~100 | 0.71 | - | | | PE-24-818 | 174.00 | 175.50 | 1.50 | - | 0.54 | 0.10 | ~130 | 0.82 | - | Unknown Gold Zone | | And | 315.00 | 315.70 | 0.70 | 0.55 | 1.79 | 1.10 | ~230 | 1.25 | 0.98 | Western Denise Zone | | And | 320.10 | 321.60 | 1.50 | 1.19 | 0.59 | 0.64 | ~235 | 0.88 | 0.70 | | | And | 326.00 | 327.00 | 1.00 | 0.79 | 1.04 | 0.10 | ~240 | 1.04 | 0.82 | | | And | 360.00 | 361.50 | 1.50 | 1.19 | 1.62 | 0.10 | ~265 | 2.44 | 1.93 | | | And | 382.80 | 384.00 | 1.20 | 0.96 | 35.82 | 2.83 | ~280 | 42.99 | 34.39 | | | Including | 382.80 | 383.50 | 0.70 | 0.56 | 60.82 | 4.70 | 42.57 | 34.06 | | | | And | 458.20 | 458.70 | 0.50 | 0.42 | 1.27 | 11.60 | ~330 | 0.63 | 0.53 | Western Denise Zone | | PE-24-819 | 52.20 | 53.10 | 0.90 | - | 0.53 | 0.10 | ~50 | 0.48 | - | E2 Zone | | And | 113.60 | 116.00 | 2.40 | - | 5.75 | 0.78 | ~105 | 13.79 | - | | | including | 113.60 | 114.10 | 0.50 | - | 22.63 | 3.00 | 11.32 | - | | | | And | 204.50 | 205.10 | 0.60 | - | 4.25 | 1.70 | ~185 | 2.55 | - | | | _*Metal factor is defined as gold grade multiplied by core length (g/t Au*m)_ | | | | | | | | | | | | _Metal factor is defined as gold grade multiplied by true thickness (g/t Au*m)_ | | | | | | | | | | |

Table 2:Assay results from Grey Cat, Gratien and N110 gold zones at Perron.

| Hole ID | From (m) | To (m) | Core Length (m) | Au (g/t) | Ag (g/t) | Vertical Depth (m) | Metal Factor* (g/t Au*m) | Zone | | PEG-24-733 | 95.90 | 96.40 | 0.50 | 1.60 | 0.30 | ~65 | 0.80 | Grey Cat Zone | | And | 125.00 | 125.60 | 0.60 | 1.62 | 0.20 | ~85 | 0.97 | | | And | 131.20 | 133.00 | 1.80 | 2.04 | 0.73 | ~90 | 3.67 | | | Including | 131.20 | 132.40 | 1.20 | 1.17 | 0.60 | 1.40 | | | | Including | 132.40 | 133.00 | 0.60 | 3.77 | 1.00 | 2.26 | | | | PEG-24-774 | 50.00 | 50.50 | 0.50 | 3.53 | 0.40 | ~40 | 1.77 | Upper Gratien Gold Zone | | And | 84.00 | 85.50 | 1.50 | 1.08 | 0.10 | ~65 | 1.61 | | | And | 100.70 | 101.60 | 0.90 | 1.65 | 0.50 | ~80 | 1.49 | | | And | 294.00 | 294.50 | 0.50 | 1.04 | 0.70 | ~225 | 0.52 | | | And | 370.60 | 371.20 | 0.60 | 1.70 | 0.20 | ~280 | 1.02 | Gratien Main Gold Zone | | PEG-24-776 | 61.50 | 62.80 | 1.30 | 0.57 | 0.10 | ~45 | 0.74 | N110 Gold Corridor | | And | 266.00 | 266.50 | 0.50 | 0.61 | 0.30 | ~195 | 0.30 | | | And | 324.00 | 324.50 | 0.50 | 4.46 | 0.10 | ~235 | 2.23 | Upper Gratien Gold Zone | | And | 326.70 | 327.20 | 0.50 | 0.84 | 0.20 | ~240 | 0.42 | | | And | 359.60 | 360.20 | 0.60 | 0.56 | 0.50 | ~260 | 0.34 | | | And | 433.80 | 434.40 | 0.60 | 0.90 | 0.10 | ~315 | 0.54 | Gratien Main Gold Zone | | And | 462.00 | 462.50 | 0.50 | 3.94 | 0.20 | ~330 | 1.97 | | | And | 465.80 | 466.30 | 0.50 | 1.21 | 0.10 | ~335 | 0.61 | | | And | 535.00 | 535.50 | 0.50 | 0.70 | 0.30 | ~385 | 0.35 | | | And | 558.85 | 560.20 | 1.35 | 7.61 | 0.14 | ~400 | 10.27 | | | Including | 558.85 | 559.65 | 0.80 | 12.44 | 0.10 | 9.95 | | | | And | 565.00 | 566.00 | 1.00 | 0.97 | 0.95 | ~405 | 0.97 | | | Including | 565.00 | 565.50 | 0.50 | 0.91 | 0.60 | 0.46 | | | | Including | 565.50 | 566.00 | 0.50 | 1.02 | 1.30 | 0.51 | | | | PEG-24-800 | 489.00 | 490.50 | 1.50 | 0.51 | 0.10 | ~420 | 0.77 | Grey Cat Zone | | And | 520.50 | 522.00 | 1.50 | 0.82 | 0.10 | ~450 | 1.23 | | | PE-24-820 | 189.70 | 198.00 | 8.30 | 0.78 | 0.10 | ~140 | 6.47 | Grey Cat Zone Eastern Extension | | Including | 193.50 | 194.00 | 0.50 | 6.27 | 0.10 | ~150 | 3.14 | | | PEG-24-821 | 132.00 | 132.75 | 0.75 | 0.68 | 0.10 | ~95 | 0.51 | Upper Gratien Gold Zone | | And | 138.30 | 139.70 | 1.40 | 7.74 | 2.58 | ~100 | 10.83 | | | Including | 138.30 | 139.20 | 0.90 | 11.59 | 3.40 | 10.43 | | | | And | 220.70 | 221.60 | 0.90 | 4.38 | 0.70 | ~150 | 3.94 | Gratien Main Gold Zone | | PEG-24-822 | 201.10 | 201.80 | 0.70 | 0.61 | 0.10 | ~170 | 0.43 | Upper Gratien Gold Zone | | And | 202.60 | 203.10 | 0.50 | 3.57 | 2.20 | ~175 | 1.79 | | | PEG-24-824 | 132.00 | 133.20 | 1.20 | 1.48 | 0.10 | ~105 | 1.77 | Upper Gratien Gold Zone | | And | 183.00 | 183.65 | 0.65 | 5.34 | 2.00 | ~145 | 3.47 | | | And | 211.50 | 213.00 | 1.50 | 3.66 | 0.70 | ~170 | 5.48 | | | Including | 211.50 | 212.00 | 0.50 | 9.87 | 1.90 | 4.94 | | | | And | 242.70 | 245.40 | 2.70 | 6.70 | 5.84 | ~195 | 18.08 | | | Including | 242.70 | 243.30 | 0.60 | 21.25 | 10.20 | 12.75 | | | | Including | 243.30 | 243.80 | 0.50 | 4.92 | 17.10 | 2.46 | | | | Including | 243.80 | 244.30 | 0.50 | 4.29 | 1.10 | 2.15 | | | | Including | 244.30 | 245.40 | 1.10 | 0.66 | 0.50 | 0.73 | | | | PEG-24-825 | 214.25 | 214.85 | 0.60 | 1.43 | 0.70 | ~180 | 0.86 | Upper Gratien Gold Zone Eastern Extension | | And | 238.60 | 239.65 | 1.05 | 1.16 | 2.50 | ~200 | 1.22 | | | Including | 238.60 | 239.10 | 0.50 | 1.28 | 3.50 | 0.64 | | | | Including | 239.10 | 239.65 | 0.55 | 1.06 | 1.60 | 0.58 | | | | And | 267.90 | 268.40 | 0.50 | 1.61 | 15.00 | ~225 | 0.81 | | | PEG-24-826 | 111.20 | 111.70 | 0.50 | 1.28 | 0.20 | ~95 | 0.64 | Upper Gratien Gold Zone | | And | 164.00 | 165.80 | 1.80 | 1.28 | 1.26 | ~140 | 2.30 | | | Including | 164.00 | 164.50 | 0.50 | 0.96 | 0.60 | 0.48 | | | | Including | 165.00 | 165.80 | 0.80 | 2.06 | 1.70 | 1.64 | | | | And | 208.80 | 209.60 | 0.80 | 2.32 | 1.60 | ~175 | 1.85 | | | And | 272.50 | 276.30 | 3.80 | 5.71 | 1.42 | ~230 | 21.70 | Gratien Main Gold Zonev(Andesite) | | Including | 272.50 | 273.00 | 0.50 | 18.15 | 2.30 | 9.08 | | | | Including | 273.00 | 274.00 | 1.00 | 6.26 | 1.30 | 6.26 | | | | Including | 274.00 | 274.70 | 0.70 | 1.46 | 0.90 | 1.02 | | | | Including | 274.70 | 275.20 | 0.50 | 8.84 | 2.20 | 4.42 | | | | Including | 275.20 | 276.30 | 1.10 | 0.84 | 1.10 | 0.92 | | | | PEG-24-828 | 186.00 | 187.50 | 1.50 | 0.74 | 0.10 | ~145 | 1.11 | Upper Gratien (Rhyolite) | | And | 252.00 | 254.00 | 2.00 | 7.44 | 1.55 | ~195 | 14.88 | Gratien Main Gold Zone (Andesite) | | Including | 252.00 | 253.00 | 1.00 | 2.67 | 0.60 | 2.67 | | | | Including | 253.00 | 254.00 | 1.00 | 12.21 | 2.50 | 12.21 | | | | PEG-24-830 | 105.90 | 107.00 | 1.10 | 1.32 | 0.50 | ~95 | 1.45 | Upper Gratien Gold Zone | | And | 183.90 | 185.00 | 1.10 | 2.65 | 1.04 | ~165 | 2.91 | | | Including | 183.90 | 184.40 | 0.50 | 1.38 | 0.60 | 0.69 | | | | Including | 184.40 | 185.00 | 0.60 | 3.70 | 1.40 | 2.22 | | | | And | 285.90 | 286.70 | 0.80 | 0.92 | 0.10 | ~255 | 0.74 | | | PEG-24-834 | 73.50 | 74.10 | 0.60 | 49.75 | 0.60 | ~50 | 29.85 | Grey Cat Zone Western Extension | | And | 93.00 | 94.50 | 1.50 | 2.45 | 0.10 | ~65 | 3.68 | | | And | 101.00 | 103.00 | 2.00 | 1.01 | 0.13 | ~70 | 2.02 | | | And | 135.50 | 136.70 | 1.20 | 1.19 | 0.50 | ~95 | 1.43 | | | And | 168.50 | 169.50 | 1.00 | 0.63 | 0.10 | ~115 | 0.63 | | | PEX-24-197 | 101.50 | 103.40 | 1.90 | 2.41 | 0.74 | ~70 | 4.57 | Western Exploration | | Including | 102.00 | 102.50 | 0.50 | 8.53 | 0.90 | 4.27 | | | | _*Metal factor is defined as gold grade multiplied by core length (g/t Au*m)_ | | | | | | | | |

Table 3:Assay results from the JT, Alizee and Central Polymetallic Zones.

| Hole ID | From (m) | To (m) | Core Length (m) | Au (g/t) | Ag (g/t) | Cu (%) | Zn (%) | Vertical Depth (m) | Metal Factor* (g/t Au*m) | Zone | | PEX-24-244 | 211.50 | 215.20 | 3.70 | 0.83 | 0.13 | - | - | ~195 to ~200 | 3.05 | JT Zone [Rhyolite] | | Including | 213.00 | 213.50 | 0.50 | 1.75 | 0.10 | - | - | 0.88 | | | | Including | 213.00 | 213.50 | 0.50 | 1.75 | 0.10 | - | - | 0.88 | | | | Including | 213.50 | 214.00 | 0.50 | 2.59 | 0.30 | - | - | 1.29 | | | | Including | 214.00 | 214.70 | 0.70 | 0.72 | 0.10 | - | - | 0.50 | | | | And | 225.30 | 226.30 | 1.00 | 1.32 | 0.10 | - | - | ~210 | 1.32 | | | And | 592.50 | 593.00 | 0.50 | 3.51 | 0.36 | - | - | ~550 | 1.75 | | | PEX-24-237 | 290.70 | 291.20 | 0.50 | 2.74 | 0.10 | 0.00 | 0.00 | ~260 | 1.37 | Gold Zone [Rhyolite] | | And | 375.00 | 387.20 | 12.20 | 0.12 | 0.09 | 0.01 | 0.01 | ~335 | 1.51 | JT Zone [Tonalite] | | Including | 379.20 | 380.00 | 0.80 | 0.63 | 0.10 | 0.02 | 0.01 | ~345 | 0.50 | | | And | 404.50 | 405.00 | 0.50 | 2.98 | 0.50 | 0.00 | 0.00 | ~361 | 1.49 | Gold Zone [Rhyolite] | | PEX-24-240 | 217.50 | 218.40 | 0.90 | 0.69 | 0.43 | - | - | ~200 | 0.62 | Gold Zone [Rhyolite] | | And | 303.40 | 303.90 | 0.50 | 0.53 | 0.10 | - | - | ~280 | 0.27 | | | And | 444.80 | 448.50 | 3.70 | 0.17 | 0.06 | 0.01 | 0.01 | ~410 | 0.62 | JT Zone [Dike] | | And | 469.50 | 470.00 | 0.50 | 3.02 | 0.67 | - | - | ~430 | 1.51 | Gold Zone [Rhyolite] | | PEX-24-255 | 613.50 | 615.00 | 1.50 | 4.32 | 0.20 | - | - | ~580 | 6.48 | JT Zone [Rhyolite] | | And | 624.00 | 624.50 | 0.50 | 8.98 | 0.20 | - | - | ~590 | 4.49 | | | PEX-24-262 | 271.00 | 273.00 | 2.00 | 1.12 | 0.10 | - | - | ~240 | 2.25 | JT Zone [Rhyolite] | | Including | 271.00 | 272.30 | 1.30 | 1.06 | 0.10 | - | - | 1.38 | | | | Including | 272.30 | 273.00 | 0.70 | 1.24 | 0.10 | - | - | 0.87 | | | | PEX-24-264 | 16.50 | 24.25 | 7.75 | 1.02 | 0.16 | - | - | ~113 | 7.89 | JT Zone [Rhyolite] | | Including | 16.50 | 18.00 | 1.50 | 1.78 | 0.40 | - | - | ~345 | 2.67 | | | Including | 19.50 | 22.50 | 3.00 | 1.49 | 0.10 | - | - | ~345 | 4.48 | | | Including | 23.50 | 24.25 | 0.75 | 0.61 | 0.10 | - | - | ~20 | 0.46 | | | And | 51.00 | 136.50 | 85.50 | 0.23 | 0.28 | 0.02 | 0.02 | ~45 to ~125 | 19.92 | JT Zone [Tonalite] | | Including | 51.00 | 52.50 | 1.50 | 0.60 | 0.25 | 0.01 | 0.03 | ~45 | 0.89 | | | Including | 91.50 | 93.00 | 1.50 | 0.95 | 0.25 | 0.03 | 0.02 | ~85 | 1.43 | | | Including | 121.50 | 136.50 | 15.00 | 0.56 | 0.45 | 0.03 | 0.01 | ~125 | 8.32 | | | PEX-24-265 | 31.50 | 154.50 | 123.00 | 0.72 | 0.25 | 0.03 | 0.02 | ~20 to ~105 | 88.41 | JT Zone [Tonalite] | | Including | 31.50 | 33.00 | 1.50 | 3.90 | 0.25 | 0.00 | 0.01 | ~20 | 5.85 | | | Including | 37.50 | 52.50 | 15.00 | 1.32 | 0.25 | 0.03 | 0.03 | ~25 to ~35 | 19.72 | | | Including | 61.50 | 63.00 | 1.50 | 0.74 | 0.25 | 0.03 | 0.01 | ~45 | 1.11 | | | Including | 72.00 | 73.50 | 1.50 | 0.57 | 0.25 | 0.03 | 0.07 | ~50 | 0.86 | | | Including | 76.50 | 79.50 | 3.00 | 0.68 | 0.25 | 0.03 | 0.03 | ~55 | 2.03 | | | Including | 88.50 | 90.00 | 1.50 | 1.68 | 0.25 | 0.03 | 0.01 | ~60 | 2.52 | | | Including | 118.50 | 120.00 | 1.50 | 27.12 | 0.25 | 0.03 | 0.03 | ~80 | 40.69 | | | Including | 118.50 | 119.50 | 1.00 | 37.50 | 0.25 | 0.04 | 0.02 | 37.50 | | | | Including | 135.00 | 136.50 | 1.50 | 2.73 | 0.25 | 0.03 | 0.01 | ~95 | 4.10 | | | And | 195.00 | 196.50 | 1.50 | 1.87 | 0.50 | - | - | ~135 | 2.80 | JT Zone [Rhyolite] | | PEX-24-266 | 548.50 | 710.50 | 162.00 | 0.61 | 0.26 | 0.02 | 0.01 | ~500 to ~640 | 99.32 | JT Zone [Tonalite] | | Including | 580.00 | 581.00 | 1.00 | 0.78 | 0.25 | 0.02 | 0.01 | ~530 | 0.78 | | | Including | 584.50 | 586.00 | 1.50 | 1.49 | 0.25 | 0.01 | 0.02 | ~530 | 2.24 | | | Including | 591.90 | 593.00 | 1.10 | 0.52 | 0.25 | 0.02 | 0.02 | ~540 | 0.57 | | | Including | 611.50 | 614.50 | 3.00 | 1.17 | 0.25 | 0.01 | 0.02 | ~555 | 3.51 | | | Including | 620.50 | 626.50 | 6.00 | 0.94 | 0.25 | 0.01 | 0.02 | ~560 to ~570 | 5.66 | | | Including | 632.95 | 637.00 | 4.05 | 0.67 | 0.25 | 0.02 | 0.01 | ~575 to ~580 | 2.71 | | | Including | 643.00 | 664.00 | 21.00 | 1.74 | 0.25 | 0.03 | 0.02 | ~585 to ~600 | 36.43 | | | Including | 670.00 | 694.00 | 24.00 | 1.16 | 0.25 | 0.02 | 0.01 | ~605 to ~630 | 27.94 | | | Including | 709.00 | 710.50 | 1.50 | 2.07 | 1.10 | 0.02 | 0.02 | ~640 | 3.11 | | | And | 716.50 | 718.00 | 1.50 | 5.47 | 0.25 | - | - | ~650 | 8.21 | JT Zone [Rhyolite] | | PE-24-704EXT | 218.50 | 219.00 | 0.50 | 1.10 | 0.10 | - | - | ~145 | 0.55 | JT Zone [Rhyolite] | | And | 260.00 | 268.00 | 8.00 | 0.48 | 0.28 | - | - | ~170 to ~175 | 3.83 | | | including | 260.00 | 260.60 | 0.60 | 2.14 | 0.10 | - | - | 1.28 | | | | including | 263.60 | 264.10 | 0.50 | 1.54 | 1.40 | - | - | 0.77 | | | | including | 266.10 | 268.00 | 1.90 | 0.78 | 0.50 | - | - | 1.48 | | | | PE-24-780 | 71.50 | 73.00 | 1.50 | 1.31 | 0.10 | - | - | ~70 | 1.97 | Alizée Zone | | And | 145.00 | 146.50 | 1.50 | 0.72 | 0.10 | - | - | ~140 | 1.07 | | | And | 208.00 | 209.50 | 1.50 | 0.63 | 0.10 | - | - | ~200 | 0.94 | | | PE-24-782 | 27.50 | 28.50 | 1.00 | 1.58 | 0.30 | - | - | ~20 | 1.58 | Unknown Gold Zone | | And | 239.50 | 240.30 | 0.80 | 9.54 | 2.80 | - | - | ~180 | 7.63 | Alizée Zone | | And | 287.70 | 291.00 | 3.30 | 2.23 | 0.36 | - | - | ~215 | 7.36 | | | PE-24-783 | 98.50 | 100.00 | 1.50 | 1.06 | 0.10 | - | - | ~95 | 1.59 | Alizée Zone | | And | 166.00 | 166.50 | 0.50 | 1.04 | 0.20 | - | - | ~155 | 0.52 | | | And | 239.80 | 240.30 | 0.50 | 18.89 | 0.20 | - | - | ~225 | 9.45 | | | PEG-24-799 | 8.50 | 9.00 | 0.50 | 1.04 | 0.10 | - | - | ~10 | 0.52 | Alizée Zone | | And | 274.50 | 276.00 | 1.50 | 8.50 | 0.20 | - | - | ~245 | 12.75 | | | And | 621.00 | 622.00 | 1.00 | 1.83 | 2.10 | 0.01 | 0.13 | ~450 | 1.83 | Central Polymetallic Zone | | And | 655.00 | 660.00 | 5.00 | 0.56 | 0.70 | 0.02 | 0.47 | ~565 to ~575 | 2.80 | | | Including | 655.00 | 656.00 | 1.00 | 0.89 | 0.90 | 0.00 | 0.37 | 0.89 | | | | Including | 656.00 | 657.00 | 1.00 | 0.58 | 1.00 | 0.03 | 0.50 | 0.58 | | | | Including | 658.50 | 660.00 | 1.50 | 0.76 | 0.25 | 0.01 | 0.93 | 1.13 | | | | And | 675.50 | 678.00 | 2.50 | 1.16 | 1.21 | 0.02 | 0.38 | ~585 | 2.90 | | | Including | 675.50 | 676.70 | 1.20 | 0.61 | 1.00 | 0.03 | 0.57 | 0.73 | | | | Including | 676.70 | 678.00 | 1.30 | 1.67 | 1.40 | 0.02 | 0.21 | 2.16 | | | | _*Metal factor is defined as gold grade multiplied by core length (g/t Au*m)_ | | | | | | | | | | |

Amex Expands Multiple Gold Zones at the Perron Gold Project

Drill Highlights Include:

Earlier from Targa Exploration Corp.