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Amex Exploration Inc. (V:AMX)

Business Focus: Integrated Mining

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Company News

Sep 21, 2021 03:00 ET
Amex Drills Copper Rich VMS Mineralization in First Follow-Up Drillhole on the Qf Zone; Intersects 1.93% Copper, 0.15% Zinc, 0.28 g/t Gold and 14.0 g/t Silver over 8.00 M
Montreal, Quebec--(Newsfile Corp. - September 21, 2021) - Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF)  ("Amex or the Company") is pleased to announce the results of its first follow-up drillhole on the copper rich volcanogenic massive sulphide ('VMS') QF zone. The QF Zone occurs along the Normétal Mine Horizon which is a kilometric tuffaceous unit that host the nearby past-producing Normétal Mine as shown in Figure 1. Recall that the QF Zone discovery drillhole, PEX-21-076, returned 2.40% copper, 0.72% zinc, 0.27 g/t gold and 22.15 g/t silver over 7.80 m as announced on August 9, 2021. Today's results from drillhole PEX-21-083, which is approximately 65 metres deeper than the discovery hole, returned 1.93% Cu, 0.15% Zn, 0.28 g/t Au, and 14.0 g/t Ag over 8.0 metres, including a high-grade core of 3.40% Cu, 0.25% Zn, 0.48 g/t Au, and 24.31 g/t Ag over 4.55 metres, which confirms both the width and grade of the discovery hole as shown in Figures 2, 3, & 4 and Table 1.
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Valuation Ratios

Industry
Sector
Beta
2.29
--
--
Price to Sales - TTM
--
14.53
8.87
Price to Book - most recent quarter
4.40
3.11
3.10
Price to Cash Flow per share - TTM
82.69
11.63
9.41
Price to Free Cash Flow per share - TTM
--
22.84
23.81
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Short Report

DateNumber of Shares ShortedNet Change
Oct 15, 202139,6926,961
Sep 30, 202132,731-19,752
Sep 15, 202152,48332,752
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Business Summary

Sector:  Basic Materials Industry:  Integrated Mining

Amex Exploration Inc is a Canada-based mining exploration company. It focuses on the exploration activities conducted in Canada and Mexico. The Company is engaged in the exploration and evaluation of mining resources segment. Its properties include Perron Property, Normetal Property, Cameron Property, Lac Indicateur property, Eastmain Centre property, Eastmain North Property, Natora Property and Nueva Escondida property. The Perron Property consists of approximately 120 mining claims covering an area of over 4,510 hectares. The Normetal Property consists of over 20 mining claims covering an area of over 940 hectares. The Cameron Property is located in the township of Grevet, and consists of over 90 mining claims covering an area of approximately 5,230 hectares. The Lac Indicateur property is located in the Eeyou Istchee Territory, Baie James, Quebec, and consists of over 20 claims covering an area of approximately 1280 hectares. The Nueva Escondida Property consists of over 10 claims.

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