Amex Exploration tsxv:amx

More
1 year 1 month ago #125339 by lynnsa10
lynnsa10 replied the topic: Amex Exploration tsxv:amx
I am still holding some, wish it was more

Please Log in or Create an account to join the conversation.

More
1 year 1 month ago #125330 by Hoss
Hoss replied the topic: Amex Exploration tsxv:amx
Gambler, I am with you. Bought more on the way up and have not sold any yet.

Ride the winners they say. This is a strong weekly chart, the stock has been above the cloud for over a year

Attachments:

Please Log in or Create an account to join the conversation.

More
1 year 1 month ago #125329 by Gambler
Gambler replied the topic: Amex Exploration tsxv:amx
Thought would be more talk here. I am up bog time on this one.


Last at $3.30, up another dime today

Please Log in or Create an account to join the conversation.

More
1 year 6 months ago #124685 by DearJohn
DearJohn replied the topic: Amex Exploration tsxv:amx
stock really getting hit today

Please Log in or Create an account to join the conversation.

More
1 year 9 months ago #123997 by GoldnBoy
GoldnBoy replied the topic: Amex Exploration tsxv:amx
breaking out further today, looks like we headed to $1.40 at least

Please Log in or Create an account to join the conversation.

More
1 year 9 months ago - 1 year 9 months ago #123991 by Gambler
Gambler replied the topic: Amex Exploration tsxv:amx
Looks like the stock is breaking out today, ever so slightly

Attachments:
Last Edit: 1 year 9 months ago by Gambler. Reason: bad cut and paste

Please Log in or Create an account to join the conversation.

More
1 year 9 months ago #123988 by Gambler
Gambler replied the topic: Amex Exploration tsxv:amx
Stock has been stable but inching up a little on low volume. Seems we are over due for some more drill results, I am guessing next week.

I bought some more stock at these lvels

Please Log in or Create an account to join the conversation.

More
1 year 11 months ago #123693 by RonS
RonS replied the topic: Amex Exploration tsxv:amx
Here it is, a financing at $1.80 per share, well above the market although flow through shares. Eric Sprott increases position.

I will have an update out tomorrow as well

TORONTO, Oct. 15, 2019 (GLOBE NEWSWIRE) -- Amex Exploration Inc. (“Amex” or the “Company”) (TSXV: AMX) is pleased to announce that it has entered into an agreement with a syndicate of underwriters co-led by PI Financial Corp. and Generic Capital Corporation (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a "bought deal" private placement basis, 4,444,500 flow-through units (the “Flow-Through Units”) of the Company, at a price per Flow-Through Unit of $1.80 (the “Issue Price”), for gross proceeds of C$8,000,100 (the "Offering"). The Issue Price represents a premium of approximately 63% to the closing price of the Corporation's common shares on the TSX Venture Exchange on October 15, 2019.

Each Flow-Through Unit shall be comprised of one common share of the Company issued on a flow-through basis (“Flow-Through Share”) and one-half of one common share purchase warrant to be issued on a non-flow-through basis (each whole such warrant, a “Warrant”). Each whole Warrant shall entitle the holder thereof to acquire one common share of Amex at a price of $1.50 for a period of 18 months following the closing of the Offering. The Flow-Through Shares will qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec)).

The Company is pleased to announce that the Underwriters have advised the Company that Eric Sprott has agreed to make a strategic investment in connection with the Offering. On completion of the Offering, it is expected that Eric Sprott will own ~14.2% of Amex on a non-diluted basis.

The Company has also granted the underwriters an option to purchase up to an additional 888,900 Flow-Through Units to cover over-allotments, exercisable in whole or in part at any time prior to the closing date of the Offering.

Please Log in or Create an account to join the conversation.

  • alexgreat
  • alexgreat's Avatar Topic Author
  • Offline
  • Platinum Member
  • Platinum Member
More
1 year 11 months ago #123692 by alexgreat
alexgreat replied the topic: Amex Exploration tsxv:amx
stock just halted for news.

Weird, they just released drill results. Must be some corporate development

Takeover offer?? Financing??

Please Log in or Create an account to join the conversation.

More
1 year 11 months ago #123689 by Gambler
Gambler replied the topic: Amex Exploration tsxv:amx
I am in too, and more good drill news today

Amex drills 2.7 m of 23.95 g/t Au at Perron

2019-10-15 14:07 ET - News Release


Mr. Victor Cantore reports

HIGH GRADE GOLD INTERSECTED IN THREE GOLD ZONES AT PERRON; INCREASES GOLD CORRIDOR TO 3 KILOMETERS

Amex Exploration Inc. has released the results of several drill holes on its Perron property in northwestern Quebec, Canada. A complete list of results is provided in table 1. Amex provides all drill data on its website.

The drill results include intersections from the Grey Cat Gold Zone, (Grey Cat,) Eastern Gold Zone (EGZ,) and the Gratien Gold Zone (Gratien,) as well as on-strike exploration targets from EGZ and Grey Cat. -

At Grey Cat, drilling extended the strike length of the zone by 50 m laterally and 50 m vertically. The Grey Cat sits about 650 meters northeast of the Gratien to the north of the regional Perron Fault. The new Grey Cat is a near-surface zone, with gold mineralization starting at a vertical depth of only 14 m from surface, and is open to depth and along strike, making this target amenable to open pit mining methods. The Grey Cat area has seen very little exploration to date, making this a very attractive future exploration target. Highlight drill results include

Hole PEG-19-94 intersected 42.72 g/t Au over 1.4 m including 114.96 g/t Au over 0.50 m.

Hole PEG-19-103 intersected 23.95 g/t Au over 2.70 m including 91.06 g/t Au over 0.70 m.

At Gratien, Hole PE-19-86 intersected 16.63 g/t Au over 0.95 m in the Eastern extensions of the known zones and over 100 m from historical hole 163-14-005 (drilled by Agnico Eagle Mines Limited) which intersected 5.27 g/t Au over 5.00 m.

Hole PEG-19-88 intersected a near-surface zone at a vertical depth of ~40 m which returned 62.81 g/t Au over 0.50 m located 45 m updip of previously released hole PEG-19-72 that intersected 75.76 g/t Au over 0.50 m.

At EGZ, drilling continues to support a high-grade zone within a broader panel of disseminated gold at the Denise Zone

Hole PE-19-91 intersected the Denise Zone with an interval grading 3.49 g/t Au over 7.40 m including 9.33 g/t Au over 2.30 m at a vertical depth of ~525 m which is located 50 m west of previously released PEG-19-82 which returned 178.16 g/t Au over 1.20 m.

Also at the EGZ in exploration drilling, three step-out drillholes were completed testing the on-strike extension of the EGZ at 300, 450, and 600 metres east of the known mineralized zones. Each of the three holes successfully intersected gold mineralized zones with two holes having visible gold, including

Hole PE-19-97, a 300 m stepout from the EGZ, intersected visible gold in an interval of 1.05 g/t Au over 6.00 m including 9.38 g/t Au over 0.50 m at a vertical depth of ~240 m.

Hole PE-19-99, a 450 m stepout from the EGZ, intersected an interval grading 2.90 g/t Au over 1.20 metres and 1.11 g/t Au over 1.00 metres.

Hole PE-19-100, a 600 m stepout from the EGZ, intersected visible gold within an interval grading 1.17 g/t Au over 2.50 metres including 3.11 g/t Au over 0.80 metres.

The drill results, reported from several zones across Perron's gold-bearing corridor, continue to demonstrate the robust nature of the gold zones identified to date on the Perron property. Continued exploration will focus on the definition and extent of these known zones as well as testing along strike of the contact of the gold-bearing Beaupre Rhyolite which is comprised of the 7 km long southern Perron fault and the 8.4 km long northern Normetal fault, both of which are known to host high-grade gold mineralization.

Jacques Trottier, PhD, Chairman of Amex Exploration, commented, "I am very pleased that all three gold zones continue to deliver meaningful results as we look to build multiple gold resources on Perron. The Grey Cat was recently discovered during this summer's regional exploration drilling program. We have intersected excellent gold mineralization in this zone since its discovery and I am very excited by the potential there given that it is near surface, the area is underexplored, and the zone is open in all directions."

Trottier continued, "At Gratien, I see equal promise from our current round of drilling on this target which also began in the summer. The Gratien is a kilometer-long set of mineralized structures previously explored as a bulk tonnage gold target. Our recent reinterpretation and 3D modelling directed our drills to areas of high-grade lenses that show similarities to the EGZ. All our drilling in this area is accretive and is building upon historical work. In addition to the near-surface lower grade lenses of gold mineralization, the high grade zone can now be traced over a sub-horizontal strike of 360 metres at Gratien and is in close proximity to surface. Finally at the EGZ, this round of drilling continues to support our reinterpretation of the Denise Zone where we are seeing the gold mineralization strengthening at depth with a high grade zone developing within a broader panel of disseminated gold. In addition, our aggressive step out program is also extremely encouraging, with gold mineralization being intersected up to 600 m to the east of the EGZ adding strike length to the gold mineralized corridor which in now roughly 3 km laterally. All said, this has been an extremely successful drill campaign to date and I look forward to testing new target areas along the lateral extensions of this favourable gold corridor as outlined by our exploration team. We will be providing more updates on a regular basis given

Please Log in or Create an account to join the conversation.

More
1 year 11 months ago #123670 by lynnsa10
lynnsa10 replied the topic: Amex Exploration tsxv:amx
I am in too. Could have next drill results soon. Seems they have drill news every 3 or 4 weeks

Please Log in or Create an account to join the conversation.

More
1 year 11 months ago #123662 by davplan
davplan replied the topic: Amex Exploration tsxv:amx
Glad you started this Alex. I have a decent sized position.
Robin

Please Log in or Create an account to join the conversation.

Moderators: RonS
Time to create page: 0.244 seconds
© 2019 Playstocks.net. All Rights Reserved. Designed By JoomShaper