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Amex Exploration Inc. (V:AMX)

Business Focus: Diversified Mining

INK Edge Outlook

Mostly sunny as of April 01, 2024
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Insider Chart - Past 6 Months

Insider Filings

Latest 10 SEDI filings for AMX within the last 6 months
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Company News

Mar 28, 2024 07:00 ET
Amex Expands Gratien Zone with the Best Intersect to Date of 76.69 g/t Au over 3.50 m
Montreal, Quebec--(Newsfile Corp. - March 28, 2024) - Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) ("Amex or the Company") is very pleased to announce that it has intersected the highest-grade gold composite to date on the Gratien Zone ("Gratien"), on the Perron Project in the Abitibi region of Quebec. The near-surface intercept of 76.69 g/t Au over 3.50 m was found in the western extension of the Gratien orebodies, in follow up drilling to the previously announced results in the February 20, 2024 press release.
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Mar 20, 2024 07:00 ET
Amex Reports 3.43% Cu, 34.00 g/t Ag, 1.80% Zn and 0.30 g/t Au over 20.80 m From QF Zone
Montreal, Quebec--(Newsfile Corp. - March 20, 2024) - Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) ("Amex or the Company") is pleased to announce assay results from a metallurgical hole drilled down dip in the QF Zone that reported 3.43% Copper, 34.00 g/t Silver, 1.80% Zinc and 0.30 g/t Gold over 20.80 m. (see Table 1 for full results). A secondary mineralized lens also returned 1.19% Copper, 7.44 g/t Silver, 0.15% Zinc and 0.11 g/t Gold over 15.70 m. The QF Zone sits approximately 200 m to the northeast of the Team Gold Zone and is a volcanic massive sulfide (VMS) body, which lies approximately 5 km from the past producing Normétal Mine that produced over 10.1 Mt of 2.24% Cu, 5.41% Zn, 0.53 g/t Au and 44.45 g/t Ag as shown in Figure 1. The QF Zone is one of Amex's most recent discoveries and was found within the same geological unit that hosted the Normétal Mine. The Perron project is situated approximately 120 km by paved highway from the Glencore Horne Smelter in Rouyn Noranda. See Figures 2 & 3 for a plan map and long section of the drill intercepts and Figure 4 for photos of the polymetallic sulphide mineralization. See Table 1 for a complete list of results and Table 2 for drill hole coordinates.
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Valuation Ratios

Industry
Sector
Beta
1.77
--
--
Price to Sales - TTM
--
6.09
4.52
Price to Book - most recent quarter
2.20
2.00
1.99
Price to Cash Flow per share - TTM
228.02
8.67
9.61
Price to Free Cash Flow per share - TTM
--
20.09
19.38
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Apr 15, 202489,013-16,610
Mar 31, 2024105,62355,423
Mar 15, 202450,200-2,324
See Short Report

Business Summary

Sector:  Basic Materials Industry:  Diversified Mining

Amex Exploration Inc. is a junior gold mining exploration company. The Company is engaged in acquiring, exploring, and developing viable gold projects in the mining-friendly jurisdiction of Quebec. The Perron gold project is located approximately 110 kilometers (km) north of Rouyn Noranda, Quebec, consisting of 117 contiguous claims covering 4,518 hectares. The property is located in the Archean Greenstone Belt of the Superior province. Its Lebel-sur-Quevillon gold project consists of approximately four properties that are located 26 km North of Lebel-sur-Quevillon in the north-western part of the province of Quebec and 150 kilometers to the Northeast of Val D'Or. The Lebel-sur-Quevillon gold project consists of 73 claims covering 4,073 hectares. The Company's Eastmain River properties are situated in the Eeyou Istchee Territory, James Bay, Quebec, approximately 350 km north of the town of Chibougamau. Its properties include the Eastmain River North, East, West, and South properties.

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