Amex applies for permit for bulk sampling at Perron

Executive Summary

• Amex Exploration submitted a ministerial authorization request to Quebec regulators for an underground bulk‑sample program at the Perron gold project.
• The bulk sample will target the Champagne and Denise zones at ~230 m depth, aiming to validate resource estimates, confirm mining concepts, and provide material for processing tests.
• Subject to permit approval, work is expected to begin in Q1 2026 with approximately 15 months of mine preparation before sampling commences.

Key Details

• Permit Application: Submitted under Section 22, Paragraph 1 (2‑5) of Quebec’s Environment Quality Act to the Ministry of the Environment, Fight Against Climate Change, Wildlife and Parks (MELCCFP) and the Ministry of Natural Resources and Forests (MRNF).
• Engineering Support: Norda Stelo engaged to conduct environmental studies and prepare the application package.
• Sampling Plan: Underground bulk sample at ~230 m vertical depth; focus on Champagne and Denise zones, the two main ore bodies on the Perron property.
• Objectives of Bulk Sample:
• Enhance geological understanding of ore zones.
• Validate parameters used in the current resource estimate.
• Confirm mining concepts.
• Obtain mineralized material for large‑scale processing and testing.
• Project Derisking: Program intended to reduce geological, technical, and financial risk for future development of Perron.
• Timeline: Anticipated start of work in Q1 2026, pending permit approvals; ~15 months required for mine preparation and development before bulk‑sample extraction.
• Logistics: Mineralized material to be mined and hauled by trucks to a processing plant (location not specified).

Notable Quotes

(No direct quotes were provided in the release.)