RETRANSMISSION: Amex Delivers a Positive Feasibility Study for Development of the Perron Gold Mine
Original announcement by tmx on
- Company
- Amex Exploration Inc.
- Ticker
- AMX
- Exchange
- TSX
- Region
- Abitibi region of Québec
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Resource update, Metallurgy, Other
- Extracted
- 2026-09-15 10:52:58 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Amex Exploration Inc. has announced a positive Feasibility Study for the Phase 1 development of its 100%-owned Perron Gold Mine in Quebec, highlighting robust economics with a post-tax IRR of 114.6% and an NPV5 of CAD$1.13 billion at a gold price of USD$3,500/oz. The study outlines a 7-year mine life, including 5 years of commercial production averaging 147,000 oz/yr at an industry-leading AISC of USD$910/oz. The project benefits from high-grade Proven and Probable Mineral Reserves totaling 1.99 Mt at 12.10 g/t Au for 774 koz, and a high processing recovery rate of 97.50%.
Reasoning: Amex Exploration's Feasibility Study for the Perron Gold Mine demonstrates robust economics with a high post-tax IRR and NPV, low AISC, and rapid payback. The project benefits from high-grade mineral reserves and excellent metallurgical recovery, supported by a de-risking toll milling strategy.
Positive factors
- High Post-Tax IRR and NPV
- Low All-in Sustaining Costs (AISC)
- Rapid Payback Period
- High-grade Mineral Reserves
- High Processing Recovery Rate
- NI 43-101 Compliant Feasibility Study
- Toll Milling Strategy Reduces Risk and Capital
- Significant Contained Gold in Reserves
Facts used in scoring: 17
Classification and evidence
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: The document reports 'Proven Mineral Reserves of 346 kt with a gold grade of 12.12 g/t for 135 koz of contained gold'.
Evidence · text
“Proven Mineral Reserves of 346 kt with a gold grade of 12.12 g/t for 135 koz of contained gold”
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: The document reports 'Probable Mineral Reserves of 1,643 kt with a gold grade of 12.10 g/t for 639 koz of contained gold'.
Evidence · text
“Probable Mineral Reserves of 1,643 kt with a gold grade of 12.10 g/t for 639 koz of contained gold”
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: The document includes 'Measured Mineral Resource classification' and reports 'Total Meas 382 kt' in the resource table.
Evidence · table
“Meas”
Context: Total
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The document includes 'Indicated Mineral Resource classification' and reports 'Total Ind 7,801 kt' in the resource table.
Evidence · table
“Ind”
Context: Total
Grade Improvementpositive
Average resource grade improved vs prior estimate — better deposit economics.
Why it applies: The reserve grades of 12.12 g/t Au (Proven) and 12.10 g/t Au (Probable) are significantly higher than the deposit-type peer comparison average of 6.543 g/t Au and the 75th percentile of 2.9 g/t Au.
Evidence · text
“Proven Mineral Reserves of 346 kt with a gold grade of 12.12 g/t”
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: The Feasibility Study establishes new Proven and Probable Mineral Reserves totaling 774 koz of contained gold, representing a significant and new economic inventory for the project.
Evidence · text
“Proven and Probable mineable reserve of 1,989 kilotonnes at a grade of 12.1 grams per tonne, for 774,000 ounces of gold mined”
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: The press release explicitly states that 'The Qualified Persons (within the meaning of National Instrument 43-101) responsible for the technical information in this Press Release are Stephen Coates, P.Eng. of Evomine, Alexandre Burelle, P.Eng. of Evomine, Pierre Roy, P.Eng. of Soutex, Antoine Yassa P.Geo. of P&E, Denys Vermette, P.Geo. of Norda Stelo, Jérôme Augustin, Ph.D., P.Geo. of Laurentia Exploration, and Michael Verreault, P.Eng., of Hydro Ressources'.
Evidence · text
“The Qualified Persons (within the meaning of National Instrument 43-101) responsible for the technical information in this Press Release are Stephen Coates, P.Eng. of Evomine, Alexandre Burelle, P.Eng. of Evomine, Pierre Roy, P.Eng. of Soutex, Antoine Yassa P.Geo. of P&E, Denys Vermette, P.Geo. of Norda Stelo, Jérôme Augustin, Ph.D., P.Geo. of Laurentia Exploration, and Michael Verreault, P.Eng., of Hydro Ressources”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The document states that 'Mineral Reserves used the following assumptions: ... gold marginal cut-off grade of 2.70 g/t for production and of 1.20 g/t for development'.
Evidence · text
“gold marginal cut-off grade of 2.70 g/t for production and of 1.20 g/t for development”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The document explicitly states that 'Mineral Reserves have been estimated in accordance with CIM Definition Standards for Mineral Resources and Mineral Reserves (2014), which are incorporated by reference in NI 43-101'.
Evidence · text
“Mineral Reserves have been estimated in accordance with CIM Definition Standards for Mineral Resources and Mineral Reserves (2014), which are incorporated by reference in NI 43-101”
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: The document reports an 'Overall gold recovery has been assumed at 97.0% for the FS' and 'Processing Recovery Rate % 97.50'. This is well above the exceptional band for gold mill/CIL recovery (>=95%).
Evidence · text
“Overall gold recovery has been assumed at 97.0%”
Free Millingpositive
Simple, clean ore amenable to standard processing without oxidation.
Why it applies: Soutex considers the Perron mineralized material to be 'well suited for processing in standard Abitibi gold plants, with no significant metallurgical issues identified'.
Evidence · text
“Soutex considers the Perron mineralized material to be well suited for processing in standard Abitibi gold plants, with no significant metallurgical issues identified”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document presents an updated Mineral Resource Estimate as part of the Feasibility Study, with an effective date of May 21, 2025.
Evidence · text
“The Perron FS incorporates the latest Mineral Resource Estimate ( MRE - released May 21st, 2025 ).”
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable.
Why it applies: The Feasibility Study includes the first formal declaration of Mineral Reserves for the project.
Evidence · text
“Proven and Probable mineable reserve of 1,989 kilotonnes at a grade of 12.1 grams per tonne, for 774,000 ounces of gold mined”
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: The document is a 'Feasibility Study' which is a definitive study supporting project development decisions.
Evidence · text
“Amex Delivers a Positive Feasibility Study for Development of the Perron Gold Mine”
Single Domain Onlynegative
Testing limited to one composite or domain — representativeness not established.
Why it applies: only one composite was tested
Extracted facts
Stored fact records: 17. Some facts used in scoring do not have a stored record.
Resource Estimates (16)
provenPerron Gold Mine · goldTonnes: 346000Grade: 12.12Grade Unit: g/tContained Metal: 135Contained Unit: kozView all detailsHide details
Identity
- Project
- Perron Gold Mine
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Abitibi region of Québec
- Ticker
- AMX
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Coates, Alexandre Burelle, Pierre Roy, Antoine Yassa, Denys Vermette, Jérôme Augustin, Michael Verreault
- Resource group id
- resource:0aa15e363e44a492ba0a
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 346000
- Grade
- 12.12
- Grade Unit
- g/t
- Contained Metal
- 135
- Contained Unit
- koz
- Cutoff Grade
- 2.7
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-04-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: Proven Mineral Reserves of 346 kt at 12.12 g/t Au represent a high-confidence, high-grade portion of the project's economic foundation, contributing significantly to the positive Feasibility Study.
Positive factors
- High-grade reserve
- High confidence category (Proven)
- Supports positive Feasibility Study economics
Evidence · table
“12.12”
Context: 346
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
probablePerron Gold Mine · goldTonnes: 1643000Grade: 12.1Grade Unit: g/tContained Metal: 639Contained Unit: kozView all detailsHide details
Identity
- Project
- Perron Gold Mine
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Abitibi region of Québec
- Ticker
- AMX
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Coates, Alexandre Burelle, Pierre Roy, Antoine Yassa, Denys Vermette, Jérôme Augustin, Michael Verreault
- Resource group id
- resource:0fdd2595513df38bdbdb
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 1643000
- Grade
- 12.1
- Grade Unit
- g/t
- Contained Metal
- 639
- Contained Unit
- koz
- Cutoff Grade
- 2.7
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-04-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: Probable Mineral Reserves of 1,643 kt at 12.10 g/t Au provide a substantial, high-grade foundation for the project's economic viability as demonstrated in the Feasibility Study.
Positive factors
- High-grade reserve
- Good confidence category (Probable)
- Supports positive Feasibility Study economics
Evidence · table
“12.10”
Context: 1,643
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
probablePerron Gold Mine · goldTonnes: 1989000Grade: 12.1Grade Unit: g/tContained Metal: 774000Contained Unit: ozView all detailsHide details
Identity
- Project
- Perron Gold Mine
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Abitibi region of Québec
- Ticker
- AMX
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Coates, Alexandre Burelle, Pierre Roy, Antoine Yassa, Denys Vermette, Jérôme Augustin, Michael Verreault
- Resource group id
- resource:d1e539b5039825bec576
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 1989000
- Grade
- 12.1
- Grade Unit
- g/t
- Contained Metal
- 774000
- Contained Unit
- oz
- Cutoff Grade
- 2.7
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-04-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: The total Proven and Probable Mineral Reserves of 1,989 kt at 12.10 g/t Au for 774 koz of contained gold provide a robust and high-grade foundation for the Perron Gold Mine's development.
Positive factors
- Significant total contained gold
- High overall reserve grade
- Forms basis for positive Feasibility Study
Evidence · table
“12.10”
Context: 1,989
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
measuredPerron Gold Mine · goldTonnes: 48000Grade: 1.1Grade Unit: g/tContained Metal: 2Contained Unit: kozView all detailsHide details
Identity
- Project
- Perron Gold Mine
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Abitibi region of Québec
- Ticker
- AMX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Coates, Alexandre Burelle, Pierre Roy, Antoine Yassa, Denys Vermette, Jérôme Augustin, Michael Verreault
- Resource group id
- resource:cc6998b17825b181b092
- Deposit or zone
- Champagne Zone
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 48000
- Grade
- 1.1
- Grade Unit
- g/t
- Contained Metal
- 2
- Contained Unit
- koz
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-05-21
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: A Measured Open Pit Mineral Resource of 48 kt at 1.1 g/t Au adds high-confidence, albeit lower-grade, material to the overall resource base for the Champagne Zone.
Positive factors
- High confidence category (Measured)
- Contributes to overall resource base
Evidence · table
“1.1”
Context: 48
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
measuredPerron Gold Mine · goldTonnes: 333000Grade: 14.2Grade Unit: g/tContained Metal: 152Contained Unit: kozView all detailsHide details
Identity
- Project
- Perron Gold Mine
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Abitibi region of Québec
- Ticker
- AMX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Coates, Alexandre Burelle, Pierre Roy, Antoine Yassa, Denys Vermette, Jérôme Augustin, Michael Verreault
- Resource group id
- resource:9f5c4a8970a034764883
- Deposit or zone
- Champagne Zone
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 333000
- Grade
- 14.2
- Grade Unit
- g/t
- Contained Metal
- 152
- Contained Unit
- koz
- Cutoff Grade
- 1.4
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-05-21
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: A Measured Underground Mineral Resource of 333 kt at 14.2 g/t Au represents a very high-grade, high-confidence component of the Champagne Zone, contributing substantially to the project's value.
Positive factors
- Very high-grade resource
- High confidence category (Measured)
- Significant contained gold
Evidence · table
“14.2”
Context: 333
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
measuredPerron Gold Mine · goldTonnes: 382000Grade: 12.54Grade Unit: g/tContained Metal: 154Contained Unit: kozView all detailsHide details
Identity
- Project
- Perron Gold Mine
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Abitibi region of Québec
- Ticker
- AMX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Coates, Alexandre Burelle, Pierre Roy, Antoine Yassa, Denys Vermette, Jérôme Augustin, Michael Verreault
- Resource group id
- resource:3d793d48c88636a20ed4
- Deposit or zone
- Champagne Zone
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 382000
- Grade
- 12.54
- Grade Unit
- g/t
- Contained Metal
- 154
- Contained Unit
- koz
- Cutoff Grade
- 2.7
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2025-05-21
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: The total Measured Mineral Resource of 382 kt at 12.54 g/t Au for 154 koz demonstrates a high-grade, high-confidence portion of the Champagne Zone resource.
Positive factors
- High overall grade for Measured category
- Significant contained gold
- High confidence resource
Evidence · table
“12.54”
Context: 382
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
indicatedPerron Gold Mine · goldTonnes: 2520000Grade: 3.16Grade Unit: g/tContained Metal: 256Contained Unit: kozView all detailsHide details
Identity
- Project
- Perron Gold Mine
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Abitibi region of Québec
- Ticker
- AMX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Coates, Alexandre Burelle, Pierre Roy, Antoine Yassa, Denys Vermette, Jérôme Augustin, Michael Verreault
- Resource group id
- resource:3bc7c8d5dd57fbfdb611
- Deposit or zone
- Champagne Zone
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 2520000
- Grade
- 3.16
- Grade Unit
- g/t
- Contained Metal
- 256
- Contained Unit
- koz
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-05-21
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: An Indicated Open Pit Mineral Resource of 2,520 kt at 3.16 g/t Au provides a significant, good-confidence tonnage for potential open pit development in the Champagne Zone.
Positive factors
- Good confidence category (Indicated)
- Substantial tonnage for open pit
Evidence · table
“3.16”
Context: 2,520
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
indicatedPerron Gold Mine · goldTonnes: 5281000Grade: 7.1Grade Unit: g/tContained Metal: 1205Contained Unit: kozView all detailsHide details
Identity
- Project
- Perron Gold Mine
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Abitibi region of Québec
- Ticker
- AMX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Coates, Alexandre Burelle, Pierre Roy, Antoine Yassa, Denys Vermette, Jérôme Augustin, Michael Verreault
- Resource group id
- resource:7e3042e7d2802d327a3e
- Deposit or zone
- Champagne Zone
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 5281000
- Grade
- 7.1
- Grade Unit
- g/t
- Contained Metal
- 1205
- Contained Unit
- koz
- Cutoff Grade
- 1.4
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-05-21
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: An Indicated Underground Mineral Resource of 5,281 kt at 7.1 g/t Au for 1,205 koz represents a substantial, high-grade component for potential underground mining in the Champagne Zone.
Positive factors
- High-grade resource for underground
- Significant contained gold
- Good confidence category (Indicated)
Evidence · table
“7.1”
Context: 5,281
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
indicatedPerron Gold Mine · goldTonnes: 7801000Grade: 5.83Grade Unit: g/tContained Metal: 1461Contained Unit: kozView all detailsHide details
Identity
- Project
- Perron Gold Mine
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Abitibi region of Québec
- Ticker
- AMX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Coates, Alexandre Burelle, Pierre Roy, Antoine Yassa, Denys Vermette, Jérôme Augustin, Michael Verreault
- Resource group id
- resource:f13990afa6f20b10b404
- Deposit or zone
- Champagne Zone
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 7801000
- Grade
- 5.83
- Grade Unit
- g/t
- Contained Metal
- 1461
- Contained Unit
- koz
- Cutoff Grade
- 2.7
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2025-05-21
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: The total Indicated Mineral Resource of 7,801 kt at 5.83 g/t Au for 1,461 koz provides a substantial, good-confidence resource base for the Champagne Zone.
Positive factors
- Significant total contained gold
- Good overall grade for Indicated category
- Good confidence resource
Evidence · table
“5.83”
Context: 7,801
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
indicatedPerron Gold Mine · goldTonnes: 8183000Grade: 6.14Grade Unit: g/tContained Metal: 1615Contained Unit: kozView all detailsHide details
Identity
- Project
- Perron Gold Mine
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Abitibi region of Québec
- Ticker
- AMX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Coates, Alexandre Burelle, Pierre Roy, Antoine Yassa, Denys Vermette, Jérôme Augustin, Michael Verreault
- Resource group id
- resource:67ede247b53507c1b961
- Deposit or zone
- Champagne Zone
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 8183000
- Grade
- 6.14
- Grade Unit
- g/t
- Contained Metal
- 1615
- Contained Unit
- koz
- Cutoff Grade
- 2.7
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2025-05-21
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: The total Measured and Indicated Mineral Resource of 8,183 kt at 6.14 g/t Au for 1,615 koz represents a substantial and high-confidence resource base for the Champagne Zone.
Positive factors
- Significant total contained gold in M&I categories
- Good overall grade for M&I resource
- High confidence resource base
Evidence · table
“6.14”
Context: 8,183
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
inferredPerron Gold Mine · goldTonnes: 1044000Grade: 2.02Grade Unit: g/tContained Metal: 68Contained Unit: kozView all detailsHide details
Identity
- Project
- Perron Gold Mine
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Abitibi region of Québec
- Ticker
- AMX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Coates, Alexandre Burelle, Pierre Roy, Antoine Yassa, Denys Vermette, Jérôme Augustin, Michael Verreault
- Resource group id
- resource:220defa46acf76a3dedf
- Deposit or zone
- Champagne Zone
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1044000
- Grade
- 2.02
- Grade Unit
- g/t
- Contained Metal
- 68
- Contained Unit
- koz
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-05-21
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: An Inferred Open Pit Mineral Resource of 1,044 kt at 2.02 g/t Au provides additional tonnage for future exploration and potential upgrade, though with lower confidence.
Positive factors
- Adds to overall resource potential
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“2.02”
Context: 1,044
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
inferredPerron Gold Mine · goldTonnes: 4000000Grade: 4.9Grade Unit: g/tContained Metal: 631Contained Unit: kozView all detailsHide details
Identity
- Project
- Perron Gold Mine
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Abitibi region of Québec
- Ticker
- AMX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Coates, Alexandre Burelle, Pierre Roy, Antoine Yassa, Denys Vermette, Jérôme Augustin, Michael Verreault
- Resource group id
- resource:85027fc0001fb538b7a8
- Deposit or zone
- Champagne Zone
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 4000000
- Grade
- 4.9
- Grade Unit
- g/t
- Contained Metal
- 631
- Contained Unit
- koz
- Cutoff Grade
- 1.4
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-05-21
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: An Inferred Underground Mineral Resource of 4,000 kt at 4.9 g/t Au for 631 koz provides substantial additional potential for future resource conversion and mine planning.
Positive factors
- Significant contained gold
- Adds to overall resource potential
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“4.9”
Context: 4,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
inferredPerron Gold Mine · goldTonnes: 5044000Grade: 4.31Grade Unit: g/tContained Metal: 698Contained Unit: kozView all detailsHide details
Identity
- Project
- Perron Gold Mine
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Abitibi region of Québec
- Ticker
- AMX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Coates, Alexandre Burelle, Pierre Roy, Antoine Yassa, Denys Vermette, Jérôme Augustin, Michael Verreault
- Resource group id
- resource:edd273b3e8c335774ef7
- Deposit or zone
- Champagne Zone
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 5044000
- Grade
- 4.31
- Grade Unit
- g/t
- Contained Metal
- 698
- Contained Unit
- koz
- Cutoff Grade
- 2.7
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2025-05-21
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: The total Inferred Mineral Resource of 5,044 kt at 4.31 g/t Au for 698 koz represents a substantial, lower-confidence resource that offers future growth potential for the Champagne Zone.
Positive factors
- Significant total contained gold
- Adds to overall resource potential
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“4.31”
Context: 5,044
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
provenSummary of total Mineral Reserves at the Perron · goldTonnes: 346Grade: 12.12Grade Unit: g/tView all detailsHide details
Identity
- Project
- Summary of total Mineral Reserves at the Perron
- Commodity
- gold
- Ticker
- AMX
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- Resource group id
- resource:7627ed604a9387697af7
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 346
- Grade
- 12.12
- Grade Unit
- g/t
- Cutoff Grade
- 2.7
- Cutoff Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“12.12”
Context: 346
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableSummary of total Mineral Reserves at the Perron · goldTonnes: 1643Grade: 12.1Grade Unit: g/tView all detailsHide details
Identity
- Project
- Summary of total Mineral Reserves at the Perron
- Commodity
- gold
- Ticker
- AMX
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- Resource group id
- resource:00266f928da61c100de2
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 1643
- Grade
- 12.1
- Grade Unit
- g/t
- Cutoff Grade
- 2.7
- Cutoff Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“12.10”
Context: 1,643
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableSummary of total Mineral Reserves at the Perron · goldTonnes: 1989Grade: 12.1Grade Unit: g/tView all detailsHide details
Identity
- Project
- Summary of total Mineral Reserves at the Perron
- Commodity
- gold
- Ticker
- AMX
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- Resource group id
- resource:f7952fd02cbf5de7bca7
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 1989
- Grade
- 12.1
- Grade Unit
- g/t
- Cutoff Grade
- 2.7
- Cutoff Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“12.10”
Context: 1,989
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Metallurgical Results (1)
conventional processing flowsheetsPerron Gold Mine · goldRecovery: 97.5 %View all detailsHide details
Identity
- Project
- Perron Gold Mine
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Abitibi region of Québec
- Ticker
- AMX
Test Work
- Program Status
- detailed
- Test Type
- conventional processing flowsheets
- Processing Route
- toll milling
- Sample
- Perron mineralized material
Recovery
- Recovery
- 97.5 %
- Recovery Basis
- actual_test
Lab
- Laboratory
- ALS Global
- Consultant
- Soutex
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: The processing recovery rate of 97.50% is exceptionally high, indicating efficient metal extraction and contributing significantly to the project's robust economic projections.
Positive factors
- Very high processing recovery rate
- Supports strong project economics
Evidence · table
“97.50”
Context: Processing Recovery Rate
Tags used in scoring
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 97.5% is at or above the exceptional band (95%)
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.