Starr Peak (TSX-V:STE)
Starr Peak (TSX-V:STE) neighbour reports exciting surface gold bearing system Amex Exploration [TSX-V:AMX] has just reported the discovery of the westward and surface expression of the Denise Zone, a major gold bearing system, immediately south of the High Grade Zone (HGZ), of the Perron property in northwestern Quebec, Canada. The Company is reporting substantial gold mineralization in multiple drill hole intersections from the Denise Zone. The discovery of this major gold bearing system at the surface has significant implications for Perron and fundamentally changes the possible economics of mining this area by allowing an initial open pit before underground mining. The Perron property is located adjacent and on a contiguous trend to Starr Peak’s NewMétal property.
You can read more of AMEX Exploration’s (TSXV:AMX | FRA:MX0 | OTCQX:AMXEF) latest news release here.
NewMétal’s proximity to the Perron property is particularly important because an intensive drilling program by Amex Exploration has hit very high-grade and visible gold in four different zones across the project over a 3.2 km corridor of gold mineralization, to a depth of up to 850 meters. Starr Peak is currently undertaking an initial exploration program on the NewMétal property and has identified five exploration targets with the potential for gold and base metals which will be drilled in the winter 2020-2021. Starr Peak is positioned to potentially achieve similar success with its upcoming drill program. Value the Markets wrote an in-depth report on Starr Peak earlier this month, press the following link in order to read our free report.