Amex Announces Filing of Feasibility Phase 1 Technical Report for the Perron Gold Mine
Original announcement by tmx on
- Company
- Amex Exploration Inc.
- Ticker
- AMX
- Exchange
- TSX
- Region
- Québec, Canada
- Primary commodity
- Gold
- Secondary commodities
- Copper
- Document categories
- Resource update
- Extracted
- 2026-09-15 10:41:49 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Amex Exploration Inc. has filed a NI 43-101 technical report supporting a Phase 1 Feasibility Study for the Perron Gold Project in Quebec. The study reports Proven and Probable reserves of 1.989 million tonnes at 12.1 g/t gold, suggesting a highly economic underground mining operation.
Reasoning: The filing of a Phase 1 Feasibility Study for a high-grade gold project with robust economics (NPV $1.13B, IRR 114.6%) is a major de-risking milestone.
Positive factors
- Strong economic indicators with 114.6% IRR
- High-grade reserves at 12.1 g/t gold
- Short payback period of 0.5 years
- Low initial capital requirement via toll milling strategy
Facts used in scoring: 1
Classification and evidence
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: The document reports Proven and Probable Mineral Reserves.
Evidence · text
“Proven and Probable Mineral Reserves of 1.989 million tonnes grading 12.1 g/t gold”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Multiple Qualified Persons (QPs) are named in the technical report filing.
Evidence · text
“The Qualified Persons ("QPs") for this Technical Report are the following: Antoine Yassa, P. Geo., of P&E Mining Consultants Inc.”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The report was prepared in accordance with NI 43-101 standards.
Evidence · text
“prepared in accordance with NI 43-101 by independent consultants”
Extracted facts
Stored fact records: 1. Some facts used in scoring do not have a stored record.
Resource Estimates (1)
probablePerron Gold Project · goldTonnes: 1989000Grade: 12.1Grade Unit: g/tContained Metal: 774500Contained Unit: ozView all detailsHide details
Identity
- Project
- Perron Gold Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- AMX
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-03-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:174a2320ab2b5314248a
- Deposit or zone
- Perron Gold Mine
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 1989000
- Grade
- 12.1
- Grade Unit
- g/t
- Contained Metal
- 774500
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2026-03-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-29T00:00:00.000Z
Reasoning: High-grade reserve estimate supporting a feasibility study.
Positive factors
- High grade of 12.1 g/t gold
- Significant contained metal of 774.5 koz
Evidence · text
“Proven and Probable Mineral Reserves of 1.989 million tonnes grading 12.1 g/t gold, containing approximately 774,500 ounces of gold”
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.